Economics worksheet Introduction Class 12/11

Chapter 1 Introduction 

For class 11 and Class 12

Q1 Classify the following topics as micro economics and macro economics
Also state the reason for the same

1. Jolly decision about how much income to save
2. The impact of decrease in national savings on the country economic growth
3. The impact of an increase in the price of SIM cards on the market for mobiles
4. The impact of increase in government purchase on the unemployment rate
5. The decision by KFC to hire fewer workers because of increase in minimum wages

Q2 Classify each of the following statements as positive or normate statement

1. An increase in inflation temporarily reduces unemployment 
2. The government should increase the rate of inflation in order to reduce unemployment rate
3. The government should increase taxes to pay for universal health care
4. An increase in taxes causes people to work for fewer hours
5. The price of a new car is too high

Q3 Suppose Indians decide to save more of their income . If banks lend this extra saving to business, which use the funds to build new technology, how might this effect the PPC

Q4 Describe some of the choices faced by each of the following

1. A family deciding whether to buy a new car
2. A member of parliament deciding how much to spend on national park
3. A company president deciding whether to open a new factory
4. A teacher deciding how much to prepare for Class
5. A recent school student deciding whether to go college

Q6 Jolly can read 20 pages of economics in an hour . He can also read 50 pages of sociology in an hour . He spends 6 hours per day studying 

Draw jolly production possibility curve

Class 11 -2017 - Unit Test 2 - Economics Question

Unit Test 2 Indian Economy Important Questions

Class 11 - 2017

	Chapter Employment
Q1	Do you think that in the last 50 years , employment generated in India is commensurate with the growth of GDP in India ? How?
Q2	Compare to urban women more rural women are found working Why?
Q3	Why is it necessary to generate more employment in the formal sector?
Q4	Why are regular salaried employees more in urban area than in rural area?
Q5	How will you know worker is working in the formal sector
Q7	What should be the main elements of employment policy in India in the present context?
Q8	Why are less women found in regular salaried employment
Q9	What role does the government play in generating employment opportunity
Q10	What are different types of unemployment in rural and urban Area

	Chapter Infrastructure
Q1	How important is energy as a resource for economic growth
Q2	Differentiate between commercial and non commercial energy
Q3	Among all sources of energy nuclear power is the best option Why?
Q4	Discuss the reforms which has been initiated recently to meet energy crisis in India
Q5	Describe the meaning of public health? What are the recent health measures taken by the state?
Q7	How are the rate of economic growth and energy consumption related to each other
Q8	Do you think regional inequality occurs in India in context of health
Q9	Why does an India import dependence on crude and petroleum products is negative feature of our energy sector
Q10	How do infrastructure boosts production

 Statistics

Q1 Locate the mode graphically

Marks	Number of students
0-10	5
10-20	10
20-30	20
30-40	25
40-50	20
50-60	10
60-70	5
Answer	35

Q2 Find out the inter quartile range , quartile deviation , coefficient of quartile deviation

Age	Number of persons
0-20	4
20-40	10
40-60	16
60-80	20
80-100	15
Answers --	35.95=Inter Quartile Range
	17.98=QD
	0.296=Coefficient of QD

 

Q3 Calculate QD and coefficient of QD

Wages	Number of wage earners
Less than 35	14
35-37	62
38-40	99
41-43	18
Over 43	7
Answers	QD = 1.75
	Coefficient of QD= 0.046

Q4 Calculate mean deviation and its coefficient from mean

Marks	Number of students
0-10	10
10-20	16
20-30	30
30-40	32
40-50	12
Answers	Mean -27
	Mean deviation from mean-9.44
	Coefficient of mean- 0.5

Q5 Calculate mean deviation from median and is coefficient

Marks	Number of students
0-5	4
5-10	4
10-15	8
15-20	5
20-25	6
Answers	Median=12.5
	Mean deviation from median=5.33
	Cofficient of mean deviation=0.43

Q6 Draw a Lorenz curve with the help of the data

Weekly Wages	Number of workers Factory A	Number of workers Factory B
6	6	2
25	11	38
60	13	52
84	14	28
105	15	38
150	17	26
170	10	12
400	14	4

Elasticity of Demand Defination Worksheet

Elasticity of Demand

Definition Worksheet

Q1 Complete the following table

S.no	Degree of Price Elasticity of Demand	Type	Response to quantity Demanded	Shape of demand curve
1	E=1
2	E <1
3	E=1
4	E>1
5	E=∞