CBSE Class 11 Economics Important Questions (2022-23)

Economics is a branch of social science that studies how products and services are produced, allocated, and spent or utilised. It is the study of how people, governments, businesses, and nations distribute resources to meet their requirements to discover how these groups should assemble and coordinate efforts to achieve maximum production. Class 11 Economics lays the ground for Class 12 Economics. This article will showcase some of the most important questions for Class 11 Economics that will assist students in understanding the concepts in a better way. 

Prepared by our Extramarks professionals, economics class 11 important questions are thoroughly researched and helpful for the students throughout their examinations. These important questions lay a foundation for the forthcoming year’s boards and various competitive examinations.

All of the important questions for class 11 economics chapter-wise are prepared under the guidelines of the NCERT textbook. Along with that, we cover all the chapters needed to prepare for upcoming and numerous competitive examinations. 

Apart from the class 11 Economics important questions, all materials such as NCERT books solutions, CBSE revision notes, CBSE sample papers, CBSE previous year question papers, and many more are available to students. Our solutions are made of special information to make it simple and understandable for students.

What Chapters Are Covered in Class 11 Economics Important Questions?

There are a total of 15 chapters, including Micro Economics and Statistics, that make up the entire syllabus of class 11 Economics. Looking at such a vast syllabus can be overwhelming for some students. Preparation from the beginning is a must for everyone to score well. 

Below are the chapters from the NCERT textbook of Class 11 Micro Economics and Statistics:

Micro Economics:

• Chapter 1: Introduction
• Chapter 2: Theory of Consumer Behaviour
• Chapter 3: Production and Costs
• Chapter 4: The Theory of Firm Under Perfect Competition
• Chapter 5: Market Equilibrium
• Chapter 6: Non-Competitive Markets

Statistics: 

• Chapter 1: Introduction
• Chapter 2: Collection of Data
• Chapter 3: Organization of Data
• Chapter 4: Presentation of Data
• Chapter 5: Measures of Central Tendency
• Chapter 6: Measures of Dispersion
• Chapter 7: Correlation
• Chapter 8: Index Numbers
• Chapter 9: Use of Statistical Tools

To stay organised, students should go over all of the chapters first, then prepare a study schedule that includes daily practice time. This is where important questions for class 11 Economics come in helpful.

Extramarks experts have prepared important questions for class 11 Economics for each chapter based on the class 11 Economics syllabus.

Important Questions for Class 11 Economics – Weightage

Based on the past years’ question papers, below is the chapter-wise marks distribution of important questions for class 11 economics:

Overview of CBSE Class 11 Economics Syllabus 2022 for Term 1

Overview of CBSE Class 11 Economics Syllabus 2022 for Term 2

Important Questions for Class 11 Economics Chapterwise Questions

Important questions for class 11 Economics present a list of important topics picked by Extramarks subject experts to help students prepare for upcoming exams. The Class 11 Economics Syllabus 2021-22 is extensive and was developed with the goal of providing basic knowledge about the concepts that govern the Economics subject. Students will get a thorough grasp of economic statistical techniques, supply-demand, market structures, cost, and revenue by working through the course.

Extramarks gives you access to all the important questions for class 11 Economics prepared by the experts of Extramarks. Click on the links below for chapter wise questions and solutions below to check the important questions in class 11 Economics:

Micro Economics:

• Important Questions from Chapter 1:Introduction
• Important Questions from Chapter 2: Theory of Consumer Behaviour
• Important Questions from Chapter 3: Production and Costs
• Important Questions from Chapter 4: The Theory of Firm Under Perfect Competition
• Important Questions from Chapter 5: Market Equilibrium
• Important Questions from Chapter 6: Non-Competitive Markets

Statistics:

• Important Questions from Chapter 1: Introduction
• Important Questions from Chapter 2: Collection of Data
• Important Questions from Chapter 3: Organization of Data
• Important Questions from Chapter 4: Presentation of Data
• Important Questions from Chapter 5: Measures of Central Tendency
• Important Questions from Chapter 6: Measures of Dispersion
• Important Questions from Chapter 7: Correlation
• Important Questions from Chapter 8: Index Numbers
• Important Questions from Chapter 9: Use of Statistical Tools

Economics Important Questions Class 11 – Types of Questions

According to the CBSE syllabus and recent guidelines, the current exam paper format for Class 11 Economics is as follows:

• This subjective paper contains 13 questions
• Question numbers 1 to 5 are very short answer questions and are of two marks each
• Question numbers 6 to 10 are also short answer questions and are of three marks each
• Question numbers 11 to 13 are long answers of five marks each

Benefits of Solving Class 11 Economics Important Questions

Students can use suitable guidance material, such as the ones provided at Extramarks, to their advantage and achieve the most significant results. Economics can be challenging; therefore, students can use the appropriate guidance material, such as the ones provided in Extramarks, to their advantage and achieve the most significant possible results. 

Some of the benefits of addressing important questions for class 11 Economics are as follows:

• These questions have been cross-checked and updated following the most recent CBSE norms and rules, so students don’t have to worry about their relevance.
• Important questions for the class 11 Economics section help the students comprehend the key concepts. It also helps them gain accuracy, confidence, preparation analysis, etc.
• It provides students with a framework to study for their impending examinations.