Economics Question Paper 2025 [AHSEC Class11 Economics Question Papers]

ALLOTMENT OF MARKS

Section	Questions	Marking Scheme	Total
Part A (1)	Q.1 to Q.20	1 mark each	20
Part A (2)	Q.21 to Q.40	1 mark each	20
Part B (1)	Q.41 to Q.43	2×3 = 6, 3×3 = 9, 5	20
Part B (2)	Q.44 to Q.46	2×3 = 6, 3×3 = 9, 5	20
Total			80

PART – A (1): Introductory Microeconomics

(Multiple Choice – Choose the correct option)

1. Opportunity cost is also known as:

(a) Mandatory 

(b) Alternative 

(c) Service 

(d) Prime 

2. Basic characteristic of mixed economy is:

(a) Operation of price mechanism 

(b) Coexistence of both public and private sector 

(c) Operation of Central Planning Authority 

(d) None of these 

3. When total utility is maximum, marginal utility is:

(a) −1 

(b) 2 

(c) 0 

(d) 1 

4. Equation of budget line is:

(a) P₁X₁ + P₂X₂ < M

(b) P₁X₁ + P₂X₂ = M 

(c) P₁X₁ + P₂X₂ > M

(d) None of these

5. As long as marginal utility is positive, total utility:

(a) Remains constant 

(b) Increases

(c) Falls

(d) All of these 

6. In case of Giffen goods, price effect is:

(a) Negative 

(b) Positive 

(c) Zero

(d) None of these

7. The demand curve slopes downward because of:

(a) Law of diminishing marginal utility 

(b) Income effect 

(c) Substitution effect 

(d) All of these 

8. Perfectly elastic demand is represented by a curve which is:

(a) Convex to origin 

(b) Parallel to Y-axis 

(c) Downward sloping straight line 

(d) Parallel to X-axis 

9. Identify elastic demand, if price elasticity (ep) is:

(a) 1.0 

(b) 0 

(c) 1.5 

(d) 0.2 

10. Production function refers to functional relationship between inputs and:
(a) Profit 

(b) Revenue 

(c) Output 

(d) Cost 

11. When AP falls due to increase in employment of variable factor, then:

(a) MP > AP 

(b) MP = AP 

(c) MP < AP

(d) None of these

12. At zero level of output, TC =

(a) AVC 

(b) AFC 

(c) TVC 

(d) TFC 

13. When AC falls, MC:

(a) Falls 

(b) Rises

(c) Initially falls, then rises

(d) None of these

14. AFC at 4 units of output is ₹20. AVC at 5 units of output is ₹40. AC of producing 5 units is:

(a) ₹60 

(b) ₹56 

(c) ₹40 

(d) ₹20 

15. Total Fixed Cost is presented as a straight line:

(a) Parallel to X-axis 

(b) Parallel to Y-axis 

(c) That is upward rising 

(d) That slopes downward 

16. Marginal revenue is earned by a firm by selling:

(a) All units

(b) An additional unit

(c) Average unit

(d) None of these 

17. Price of a commodity is:

(a) AR 

(b) MR 

(c) TR 

(d) None of these 

18. A firm earns normal profit when its AR =
(a) AVC 

(b) TC 

(c) AC 

(d) MC 

19. In short period, the supply of a good is:

(a) Perfectly inelastic 

(b) Perfectly elastic 

(c) Less elastic 

(d) Unitary elastic 

20. If decrease in demand is equal to increase in supply, market equilibrium will exhibit:

(a) Fall in equilibrium quantity 

(b) Rise in equilibrium quantity 

(c) Rise in equilibrium price 

(d) No change in equilibrium quantity 

PART – A (2): Statistics for Economics

(Multiple Choice Questions – Choose the correct option)

21. Who is known as the "Father of Statistics"?

(a) Gottfried Achenwall 

(b) Adam Smith 

(c) L. Robbins 

(d) J. B. Say 

22. Which of the following is a measure of central tendency?

(a) Arithmetic Mean 

(b) Median 

(c) Mode 

(d) All of these 

23. Statistics in singular sense is:

(a) Collection of data 

(b) Organization of data 

(c) Presentation of data 

(d) All of these 

24. __________ is the difference between the largest value and the smallest value of a data series.

(a) Median 

(b) Standard deviation 

(c) Range 

(d) Mean deviation 

25. Which of the following measures of central tendency is known as positional average?

(a) Mean 

(b) Median 

(c) Mode 

(d) None of these 

26. The method involving the study of each and every item of the universe is:

(a) Sample 

(b) Census 

(c) Random sampling 

(d) None of these 

27. When the data is classified on the basis of area, classification is:

(a) Qualitative 

(b) Quantitative 

(c) Geographical 

(d) Chronological 

28. Which of the following statistical measures is calculable in case of open-ended class?

(a) Range 

(b) Median 

(c) Mean deviation 

(d) Standard deviation 

29. The value of correlation coefficient lies between:

(a) –1 to 0 

(b) 0 to +1 

(c) –1 to +1 

(d) –∞ to +∞ 

30. In case of two independent variables X and Y, correlation coefficient r_xy between them is:

(a) +1 

(b) 0 

(c) –1 

(d) None of these 

31. A consumer price index number measures changes in:

(a) Retail price 

(b) Wholesale price 

(c) Producer’s price 

(d) Both (a) and (b) 

32. Which of the following do we use for base year?

(a) 0 

(b) 1 

(c) 2 

(d) None of these 

33. If r=−1, correlation is said to be:

(a) Perfect positive 

(b) Perfect negative 

(c) Partial 

(d) Zero 

34. The other name of semi-interquartile range is:

(a) Mean deviation 

(b) Quartile deviation 

(c) Standard deviation 

(d) None of these 

35. Which of the following is measured using Lorenz curve?

(a) Point of central tendency 

(b) Income inequality 

(c) Coefficient of correlation 

(d) None of these 

36. Mean deviation is determined using which of the following formulas?

(a) SD/Mean

(b) (Q3−Q1)/2

(c) Σfd² / N

(d) Σf|D| / N

37. Which of the following is not a pure (unitless) number?

(a) Arithmetic Mean 

(b) Correlation coefficient 

(c) Coefficient of variation 

(d) Index number 

38. The algebraic sum of the deviations of a set of n values from their arithmetic mean is always:

(a) 1 

(b) n

(c) 0 

(d) ∞

39. Which of the following measures can be calculated using ogive?

(a) Mode 

(b) Mean 

(c) Median 

(d) All of these 

40. Median divides the whole series into:

(a) Two 

(b) Three 

(c) Four 

(d) Hundred 

PART – B (1): Introductory Microeconomics

(Q. Nos. 41 to 43)

Q.41. Answer the following questions (Attempt any three): (2 marks × 3 = 6 marks)

(a) Write two differences between positive economics and normative economics.

OR

Write two characteristics of the production possibility curve.

(b) Briefly explain the concepts of short run and long run.

OR

Write any two factors that affect the market supply of a commodity.

(c) What is meant by returns to a factor?

OR

Define marginal cost with a simple example.

Q.42. Answer the following questions (Attempt any three): (3 marks × 3 = 9 marks)

(a) What are the consequences of ceiling price (controlled price)?

OR

Explain the concept of floor price (minimum support price).

(b) Explain the concept of market equilibrium with the help of a diagram.

OR

The demand and supply functions of a firm under a perfectly competitive market are:

D = 25 – 2P  

S = –5 + 3P  
Where,

P = Price, 

D = Quantity Demanded, 

S = Quantity Supplied 

Find the equilibrium price and quantity.

(c) State any three assumptions of the Law of Diminishing Marginal Utility.

OR

State any three properties of an indifference curve.

Q.43 (a) State and explain the Law of Demand with the help of a demand schedule and a demand curve. 5

OR

(b) Discuss how the market demand curve is derived from individual demand curves. 5

PART – B (2): Statistics for Economics (Q.44 to Q.46)

Q.44. Answer the following questions: (2 marks × 3 = 6 marks)

(a) State two demerits of mean deviation.

OR

State any two merits of geometric mean.

(b) Write two advantages of sample survey as compared to census survey.

OR

Write any two differences between questionnaire and schedule as a method of collection of primary data.

(c) What is classification of data? Mention any one type of classification.

OR

Write the relationship among mean, median and mode when the distribution is symmetrical and asymmetrical.

Q.45. Answer the following questions: (3 marks × 3 = 9 marks)

(a) What is dispersion? What are the four main measures of dispersion?

(b) What are the essentials of a good measure of central tendency?

OR

Define mode. Write any two serious limitations of mode. (1 + 2 = 3)

(c) What is graphic presentation of data? Write the basic difference between frequency polygon and frequency curve. (1+2 = 3)

OR

Why is standard deviation used as the best measure of dispersion?

(d) What is meant by correlation? Mention any two properties of coefficient of correlation. (1 + 2 = 3)

Q.46 (a) Explain the meaning and importance of index numbers.  5

OR

(b) Calculate median from the following frequency distribution:

Class Interval	Frequency
0 – 10	3
10 – 20	7
20 – 30	10
30 – 40	8
40 and above	2

Also, what difficulty would you face if asked to calculate arithmetic mean from the above data? (3 + 2 = 5)

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