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WorksheetsECO CL XI SEE 2019-20
Total questions: 20
Worksheet time: 10mins
In notation P01. 1 stands for:
reference year
base year
current year
assessment year
Which of the following statements represents statistics in the plural sense:
statistics involves presentation of data
statistics refers to aggregate of data
statistics involves collection and organisation of data
statistics includes interpretation of data
Which of the following indicates the statistical errors?
data collected indirectly
difference between collected data and actual value of facts
data collected from each and every element
only some representative items of a population are selected
Arithmetic mean of the items 4,6,8,15,25 will be:
10
11.2
15
11.6
If the value of co-efficient of correlation is +1, it indicates that the correlation between two variables is :
perfect negative
perfect positive
absence of correlation
In the long run if the firms are free to enter in the industry then the firms profit will be:
zero
abnormal profit
abnormal loss
normal profit
Mr A consumes two goods X and Y whose prices are Rs. 60 and Rs. 30 per unit respectively. Which of the value of marginal rate of substitution the the consumer is in equilibrium?
6
4
2
5
In the context of support price, market price is always
equal or lesser than support price
greater than support price
Lesser of greater than support price
Equal to or greater than support price
Identify the price elasticity of demand using percentage method:
Price Quantity
P0 = Rs. 6 Q0 = 20 units
P1 = Rs. 7 Q1= 18 units
Elasticity of demand (ED) = 0
Elasticity of demand (ED) = 0.6
Elasticity of demand (ED) = 1.2
Elasticity of demand (ED) = 0.4
At the point where MR is zero, TR _____________ .
maximum
zero
negative
lowest
Which of the following is a better situation for a firm to achieve equilibrium?
MR > MC
MR = MC
MR < MC
MR = 0
A firm is price taker in _________________ market.
perfect competition
monopolistic competition
monopoly
oligopoly
When a goods X reaches the point of satiety, the marginal utility of that goods is will be equal to:
zero
positive
negatve
unity
Which of the following is called aggregate of data?
collection of date
statistics
analysis of data
organisation of data
If the data of class intervals are unequal, the width of rectangles will be:
different
uniform
raising upwards
falling downwanrds
When production is zero, total cost will be equal to:
marginal cost
fixed cost
variable cost
zero
Which of the following measures is followed by the government to control the prices of essential goods?
price floor
subsidies
price ceiling
MSP
Under perfect competition market , AR is:
downward sloping
upward sloping
horizontal straight line
rectangular hyperbola
A firm under which forms of market follows price discrimination?
Perfect Competition
Monopoly
Oligopoly
Monopolistic Competition
Which of the following expression is equal to quartile deviation?
(Q3 - Q1) / 2
(Q3 + Q1) / 2
(Q1 - Q3) / 2
(Q1 + Q3) / 2
