Rudra the Practical School & Junior College
First Term Exam
Name: -_________________________________ Date: / /
STD: 11th Com Sub: Economics Marks: 50
Q.1A) Choose the correct option. 5M
1) Statements incorrect with reference to Adam Smith's definition:
a. Adam Smith is a classical economist.
b. Wealth of Nations is authored by Adam Smith.
c. Economics is the science of wealth.
d. Economics studies common man.
Options: 1) d 2) a, b and c 3) a and d 4) c and d
2) Arrange in the order of evolution of money.
a. Metallic money
b. Animal money
c. Metallic coins
d. Commodity money
Option: 1) a, b, c, d 2) b, d, a, c 3) d, c, a, b 4) c, a, b, d
3) D7 from the given data.
Data – 4, 5, 6, 7, 8, 9, 10, 11, 12
Options: 1) 7 2) 9 3) 10 4) 12
4) Arrange in the order of evolution of money.
a. Plastic money
b. Paper money
c. Electronic money
d. Credit money
Option: 1) b, d, a, c 2) a, b, c, d 3) d, c, b, a 4) c, b, a, d
5) Key points in Lionel Robbins' definition:
a. Wants are unlimited
b. Means are limited
c. Wants are not gradable
d. Means have alternative uses.
Options: 1) a and b 2) b and c 3) a, b and d 4) a, b, c and d
B) Give economic term. 5M
1) The act of exchanging goods for goods
2) Procedure for dividing the data into equal parts.
3) Value that divides the series into ten equal parts.
4) Monetary value stored and transferred electronically by means of computer hard drive or servers.
5) Value that divides the whole set of observations in to four equal parts.
Q.2A) Answer in one sentence. 10M
1) Definition of Money.
2) Name the factors of production.
3) What is meant by Economics?
4) What is Quartiles?
5) What is Micro Economics.
B) Identify and explain the concepts from the given illustrations: 10M
1) As per the data for financial year 2018-19, the country's production of goods and services
increased by 20%.
2) Malathi purchased a house through an agent. The agent accepted the commission amount in cash but
did not issue a receipt to her.
3) To facilitate r00esearch in robotic technology, Japan has invested ` 1000 crores in India
4) Rani Gond from Chandrapur works as a hostess with the Mumbai-Goa cruise ship.
5) To prevent misuse/fraudulent use of the national currency, a note ban is imposed on its use at certain
times.
Q.3A) Answer the following questions on the basis of the following information : (Any-2)
10M
1) Ganesh travelled to the mall by bus. He gave the conductor 10 coin for the ticket. He
purchased many commodities from the mall. At the billing counter, he gave his credit card for
payment but the billing clerk informed him that only debit cards were accepted. Since Ganesh
had forgotten his debit card at home, he offered to make payment by cash.
1) Identify the types of money used in the information
2) Explain any two of them.
2)
Marks 30 10 20 40 50
No. of Students 13 4 7 8 6
1) Write the formula of Q1 and Q3.
2) Find out the cumulative frequency of the last value in the above data.
3) Find out the value of 'n' in the above data.
3) Government of India has launched an ambitious programme of 'Bharatnet' for rural India by keeping
in mind today's modern era. More than one lakh rural (Grampanchayat) areas have been connected
under Bharatnet high speed broadbrand scheme. Maharashtra has become the best performing state.
East Uttar Pradesh, Chattisgarh, Rajasthan and Jharkhand have also been placed among the best
performing states in the first phase of Bharatnet broad band connection scheme.
1) Why did the Government of India launch the Bharatnet project?
2) How many Grampanchayats have received the Internet service?
3) Which states have been placed as the best performing states in the first phase of Bharatnet?
4) 'Internet has brought the world closer' - Express your views on it.
B) Answer the following. (Any-1) 10M
1) Explain what is money and its types.
2) Explain the basic concepts of Macro Economics.
