Sample Economics Paper for 11th Standard

Q.1) Choose the correct option                4 Marks

1) Statements related to wealth:

a) Wealth means anything which has market value and can be exchanged for money.

b) It is external to human being.

c) Wealth has no utility.

d) Wealth is scarce and exchangeable.

Options: 1) a, b and d   2) a, c and d     3) b, c and d     4) None of the above

2) Statements related to Economics:

a) Economics is a social science.

b) Concept of economics is derived from Greek word ‘Oikonomia’.

c) Economics is related to the study of human economic behavior.

d) Economics is related to management of the household.

 Options: 1) a, b and c  2) a and b  3) b and c  4) a, b, c and d

3) 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

4) Contingent function of money.

a) Estimation of macroeconomic variable

b) Store of value

c) Basis of credit

d) Measurement of National Income

Option: 1) b, d, a, c   2) a, b, c, d   3) d, c, b, a   4) a, c, d.

Q.2) Complete the correlation.                                                                                    3 Marks

1. Necessity: _______  : : Comforts : Washing machine

2. Free goods: Value-in-use: : Economic goods:_______

3. Commodity money : Shells : : ______  : Credit card

Q. 3) Give Economic Term                                                 3 Marks

1.     Anything which has market value and can be exchanged for money.

2.     It refers to exchange of goods for goods.

3.     Continuous rise in general price level.

Q. 4) Distinguish between (Any 1)                               5 Marks

1. Micro-Economic and Macro-Economic.

2. Economic Growth and Economic Development.

Q. 5) Answer briefly (Any 2)                                         10 Marks

1.     What are the features of Wealth? Explain in detail.

2.     What are the four Factors of Production? Explain in detail.

3.     Explain the function of Money in detail.

4.     Explain the qualities of Money in detail.