Class 11 Economics Extra Questions and Answers Free PDF Download
The CBSE Class 11 Economics (Statistics for Economics) Important Questions provide students with a clear understanding of key topics from the CBSE Class 11 Economics syllabus. These questions are chosen carefully to cover essential concepts, making it easier for students to understand important ideas and practise effectively for their exams. Each question is aligned with the syllabus, ensuring students focus on relevant topics for their preparation.
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By going through CBSE Class 11 Economics Important Questions, students can strengthen their understanding of statistics and improve their problem-solving skills. Practising these questions regularly will help students prepare thoroughly and confidently for their exams, giving them a better chance to score well.
CBSE Class 11 Economics (Statistics for Economics) Chapter-wise Important Questions
CBSE Class 11 Economics (Statistics for Economics) Chapter-wise Important Questions and Answers cover topics from all 8 chapters, helping students prepare thoroughly by focusing on key topics for easier revision.
FAQs on CBSE Important Questions for Class 11 Economics - 2025-26
1. What are some expected 5-mark important questions from Statistics for Economics as per the CBSE 2025-26 syllabus?
For the Class 11 Economics exam, high-weightage (5-mark) questions often require in-depth explanation and application. Key expected questions include:
- Discuss the importance and limitations of statistics in economic analysis and policy formulation.
- Explain the various methods of collecting primary data, highlighting the merits and demerits of each.
- What are index numbers? Discuss their types, challenges in construction, and significance in measuring economic changes like inflation.
- Define correlation and explain its different types with suitable diagrams and examples.
2. Why is understanding the difference between classification and tabulation considered important for the Class 11 Economics exam?
Understanding this difference is crucial as it forms the foundation of data organisation. Classification is the process of grouping raw data into categories based on common characteristics, which simplifies complexity. Tabulation, on the other hand, is the systematic arrangement of this classified data into rows and columns. This distinction is important because incorrect classification can lead to misleading tabulation, resulting in flawed economic analysis and loss of marks in exams.
3. What are the merits and demerits of using the arithmetic mean as a measure of central tendency?
The arithmetic mean is a widely used statistical tool, but it's important to know its strengths and weaknesses for exam questions.
- Merits: It is simple to calculate and understand, it is based on all the observations in the dataset, and it is capable of further algebraic treatment.
- Demerits: It can be significantly skewed by extreme values (outliers), it cannot be calculated for open-ended class intervals, and it cannot be determined graphically.
4. How can students prepare for Higher Order Thinking Skills (HOTS) questions in Statistics for Economics?
To excel in HOTS questions, students should move beyond rote learning. As per CBSE trends, the focus should be on:
- Understanding 'Why': Instead of just learning a formula, understand why it is used and what its limitations are.
- Application-Based Practice: Solve case studies and problems that require you to apply statistical tools to a given economic scenario.
- Data Interpretation: Practise interpreting graphs, tables, and charts to draw meaningful conclusions.
- Relating to Real World: Connect statistical concepts to current economic events, such as using index numbers to understand inflation reports.
5. What is the typical marking weightage for questions in the Statistics for Economics paper for the CBSE 2025-26 exams?
According to the latest CBSE pattern, the important questions in the Statistics for Economics paper are generally distributed across different formats to test various skills:
- 1-mark questions: Very short answers, typically for definitions or objective-type queries.
- 3-mark questions: Short answers that require brief explanations, differences, or a few points with examples.
- 5-mark questions: Long answers that demand detailed, analytical, or application-based responses, often with calculations or diagrams.
6. Why does CBSE emphasise the real-world application of statistics in the Class 11 Economics syllabus?
CBSE focuses on application to ensure students develop practical analytical skills, not just theoretical knowledge. The goal is to train students to use statistical tools like mean, median, correlation, and index numbers to interpret economic data, identify trends, and understand how policies are formulated. This approach prepares students for higher studies and real-world economic analysis where data-driven decision-making is paramount.
7. A researcher wants to analyse the impact of a new subsidy on farmers in a large state. Compare the census and sampling methods for this study and recommend the more suitable one.
This is a classic application-based problem. Here's a comparison:
- Census Method: This would involve collecting data from every single farmer in the state who received the subsidy. It provides highly accurate and comprehensive data but would be extremely expensive, time-consuming, and logistically difficult to execute.
- Sampling Method: This involves selecting a representative group (a sample) of farmers from different regions of the state. It is far more cost-effective, faster, and manageable.
Recommendation: The sampling method is far more suitable. While it carries a risk of sampling error, a well-designed random sample can provide sufficiently reliable results to analyse the subsidy's impact effectively and efficiently.
8. What are some common conceptual traps students should avoid in the Statistics for Economics exam?
To secure full marks, students should be careful to avoid these common errors:
- Confusing primary data (collected firsthand) with secondary data (collected by others).
- Mistaking classification (grouping) for tabulation (arranging in tables).
- Making calculation errors in finding the median, especially when the number of observations is even.
- Interpreting zero correlation as the absence of any relationship, when it only means the absence of a linear relationship.
9. What is the ideal structure for a 3-mark important question in the Statistics for Economics exam?
To write a perfect answer for a 3-mark question, follow this structure:
- Introduction: Start with a clear and concise definition of the main concept.
- Core Points: Provide three distinct, relevant points or differences. Use bullet points for clarity.
- Example: Where applicable, add a brief, relevant example to support one of the points to show practical understanding.
Ensure the answer is to the point and adheres to the CBSE word limit guidelines to avoid losing marks.
10. How are important questions for Class 11 Statistics for Economics selected for the 2025-26 board exams?
Important questions are strategically shortlisted based on several factors aligned with board exam trends. The selection process considers:
- Syllabus Weightage: Topics with higher marks allocation in the CBSE 2025-26 syllabus are given priority.
- Past Paper Frequency: Questions that have appeared frequently in previous years' exams are often included.
- Conceptual Importance: Core concepts that are fundamental to understanding economics, such as data collection, central tendency, and correlation, are always prioritized.
- Question Type: A mix of questions testing memory (definitions), understanding (differences), and application (HOTS) is chosen to ensure comprehensive preparation.
