Ahsec Class 11 Economics Solved Paper - 2025| ASSEB BOARD
2025
ECONOMICS
Full Marks: 80
Pass Marks: 24
Time: 3 hours
The figures in the margin indicate full marks for the questions
PART-A
(Introductory Microeconomics)
Choose the correct answer (multiple choice-based questions): 1x20=20
1. Opportunity
cost is also known as ________cost.
(a) prime
(b) service
(c)
alternative
(d) mandatory
Ans:- (c) alternative
2. Basic
characteristic of mixed economy is
(a) the
operation of price mechanism
(b) the
existence of both public sector and private sector
(c) the
operation of Central Planning Authority
(d) None of
these
Ans:- (b) the existence of both public sector and private
sector
3. What will
be the marginal utility when total utility is maximum?
(a) 1
(b) 0
(c) 2
(d) -1
Ans:- (b) 0
4. The
equation of budget line is
(a) P1X1+P2X2=M
(b) P1X1+P2X2<M
(c) P1X1+P2X2>M
(d) None of
these
Ans:- (a) P1X1+P2X2=M
5. As long as
marginal utility is positive, total utility
(a) remains
constant
(b) increases
(c) falls
(d) All of
these
Ans:- (b)
increases
6. In case of
Giffen goods, price effect is ________.
(a) negative
(b) positive
(c) zero
(d) unit
Ans:- (b) positive
7. The demand
curve slopes downward because of
(a) law of
diminishing marginal utility
(b) income
effect
(c)
substitution effect
(d) All of
these
Ans:- (d) All of these
8. Perfectly
elastic demand is represented by a curve which is ______.
(a) parallel
to Y-axis
(b) convex to
origin
(c) parallel
to X-axis
(d) downward
sloping straight line
Ans:- (c) parallel to X-axis
9. Identify
elastic demand, if price elasticity (ep) is
(a) 0.2
(b) 1.5
(c) 0
(d) 1.0
Ans:- (b) 1.5
10.
Production function refers to functional relationship between inputs and
_______.
(a) cost
(b) output
(c) revenue
(d) profit
Ans:- (b) output
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) TFC
(b) TVC
(c) AFC
(d) AVC
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 Rs. 20. AVC at 5 units of output is Rs. 40. AC of producing
5 units is
(a) Rs. 20
(b) Rs. 40
(c) Rs. 55
(d) Rs. 60
15. Total
Fixed Cost is presented as a straight line
(a) parallel to
Y-axis
(b) parallel to
X-axis
(c) that slopes
downward
(d) that is
upward rising
16. Marginal
revenue is earned by a firm by selling ________of output.
(a) all units
(b) average unit
(c) an
additional unit
(d) None of
these
17. Price of
a commodity is
(a) TR
(b) MR
(c) AR
(d) None of
these
18. A firm
earns normal profit when its AR= ________.
(a) MC
(b) AC
(c) TC
(d) AVC
19. In short
period, the supply of a good is
(a) perfectly
elastic
(b) perfectly
inelastic
(c) unitary
elastic
(d) less elastic
20. If
decrease in demand is equal to increase in supply, market equilibrium will
exhibit
(a) rise in
equilibrium quantity
(b) fall in
equilibrium quantity
(c) no change in
equilibrium quantity
(d) rise in
equilibrium price
PART-A (2)
(Statistics for
Economics)
Choose the correct answer (multiple choice-based
questions): 1x20=20
21. Who is
known as the ‘father of Statistics’?
(a) Gottfried
Achenwall
(b) Adam
Smith
(c) L.
Robbins
(d) J. B. Say
Ans:- (a) Gottfried Achenwall
22. Which of
the following is a measure of central tendency?
(a)
Arithmetic mean
(b) Median
(c) Mode
(d) All the
these
Ans:- (a) Arithmetic mean
23.
Statistics in singular sense is
(a)
collection of data
(b)
organization of data
(c)
presentation of data
(d) All of
these
Ans:- (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
Ans:- (c) Range
25. Which of
the following measures of central tendency is known as positional average?
(a) Mean
(b) Median
(c) Mode
(d) None of
these
Ans:- (b) Median
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 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 rXY
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 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) 
(b) 
(c) 
(d) 
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 the these
40. Median
divides the whole series into ______equal parts.
(a) two
(b) three
(c) four
(d) hundred
PART-B (1)
(Introductory
Microeconomics)
41. Answer the following questions: 2x3=6
(a) Write two
differences between positive economics and normative economics.
Ans: The difference
between positive and normative economics is that in positive economic analysis,
we study how different mechanisms work. It analyzes their causes and effects. A
positive economist does not make any value judgments. In normative economics,
we try to determine which of these mechanisms is the best. As a normative
science, economics makes judgments about what should be.
Or
Write two
characteristics of production possibility curve.
(b) Briefly
explain the concepts of short run and long run.
Ans: In the short run,
a firm cannot change all inputs. One of the factors, either Factor 1 or Factor
2, cannot be changed and therefore remains fixed in the short run. To change
the output level, the firm can only vary the other factor. The factor that
remains fixed is called a fixed input, while the other factor, which the firm
can change, is called a variable input.
In the long run,
all factors of production can be changed. In the long run, a firm can change
both inputs simultaneously to produce different levels of output. Therefore,
there are no fixed inputs in the long run.
(c) What is meant
by returns to a factor?
Or
Define marginal
cost with simple example.
42. Answer the following questions: 3x3=9
(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 diagram.
Or
The demand and
supply functions of a firm under perfectly competitive market are given below:
D = 25 – 2P
S = -5 + 3P
Where, P=price,
D=quantity demanded and S=quantity supplied. Find equilibrium price and
quantity.
(c) State any
three assumptions of the law of diminishing marginal utility.
Or
State any three
properties of indifference curve.
43. State and explain the law of demand with the help of a demand
schedule and a demand curve. 5
Or
Discuss how
market demand curve is derived from individual demand curves.
PART-B (2)
(Statistics for
Economics)
44. Answer the following questions: 2x3=6
(a) State two
demerits of mean deviation.
Ans: Two demerits
of mean deviation:-
(i) It ignores
the positive and negative signs in the deviations.
(ii) When
calculated from the mode, it may not be reliable because in some cases the mode
becomes indeterminate.
Or
State any two
merits of geometric mean.
(b) Write two
advantages of sample survey as compared to census survey.
Ans: Two
advantages of sample surveys compared to census surveys:-
(i) Time-saving: Sample surveys
take less time because data is collected from only a portion of the population,
rather than the entire group as in a census.
(ii)
Cost-effective: They are less expensive than census surveys because fewer
resources (money, manpower, materials) are needed to collect and process the
data.
Or
Write any two
differences between questionnaire and schedule as 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.
45. Answer the following questions: 3x3=9
(a) What is
dispersion? What are the four main measures of dispersion? 1+2=3
Or
Why is standard
deviation used as the best measure of dispersion? 3
(b) What are the
essentials of a good measure of central tendency? 3
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
What is meant by
correlation? Mention any two properties of coefficient of correlation. 1+2=3
46. Explain the meaning and importance of index numbers. 2+3=5
Or
Calculate median
from the following frequency distribution:
|
Class interval |
0-10 |
10-20 |
20-30 |
30-40 |
40 & above |
|
Frequency |
3 |
7 |
10 |
8 |
2 |
What difficulty
would you face, if you are asked to calculate arithmetic mean to the above
data? 3+2=5
***
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