Economics Class 11 Exam 2023

Exam Information

• Date: October 12, 2023
• Day: Thursday
• First Exam of 2023
• Grade: 11
• Subject: Economics
• Total Marks: 50
• Duration: 2 hours

Instructions

• All sections and questions are mandatory.
• Numbers on the left side indicate total marks for each question.
• Read the question paper carefully and complete it within the allocated time.
• Do not mark or write answers anywhere on the question paper.

Section A

• Each question has multiple-choice options; choose the correct answer.
• Each correct answer carries 1 mark.

Key Economics Concepts

• Economist who presented economics as a positive science:

  • Adam Smith
  • Robbins
  • Samuelson
  • Marshall

• Definition of the monetary unit exchanged for goods or services:

  • Price
  • Value
  • Exchange

• Economic change associated with "drought":

  • Cyclical
  • Accidental
  • Long-term
  • Conditional

• Number of ways to measure the relative price:

  • Three
  • Four
  • Five
  • Seasonal

• Relationship between the price of a good and its supply:

  • Direct
  • Inverse
  • Equal
  • Zero

Additional Notes

• Focus on understanding the relationship concepts in economics, such as demand-supply dynamics and economic changes.
• Familiarize with fundamental definitions and terms like price, value, and exchange.
• Review the impact of economic conditions on supply and demand, particularly specific events like droughts that can lead to long-term economic changes.