(English Medium)
Academic Year: 2022-2023
Date & Time: 21st March 2023, 11:00 am
Duration: 2h
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- Answers to this Paper must be written on the paper provided separately.
- You will not be allowed to write during the first 15 minutes.
- This time is to be spent reading the question paper.
- The time given at the head of this Paper is the time allowed for writing the answers.
- Attempt all five questions.
- Attempt all questions from Section A and any four questions from Section B.
- The intended marks for questions or parts of questions are given in brackets [ ].
Land is a ______ factor of production.
Slow
Primary
Secondary
Perishable
Chapter: [0.01] Factors of Production
There is a ______ relationship between demand and price.
Direct
inverse
positive
substitute
Chapter:
The products which are identical in design, shape quality, size, colour, packing, etc. are ______.
Heterogeneous products
Differential products
Homogeneous products
Progressive products
Chapter: [0.05] Meaning and Types of Markets
Which of the following is a form of consumer exploitation?
Limited competition
Illiteracy
Food adulteration
Consumer forum
Chapter: [0.14] Consumer Awareness
The apex bank which controls, regulates and supervises the activities of commercial bank is the ______.
Central Bank
Scheduled Banks
State Bank of India
State Government
Chapter:
The study about the revenue and expenditure operations of the government is also known as ______.
Public revenue
Public expenditure
Public debt
Public finance
Chapter: [0.09] Introduction to Public Finance
Which market structure has only one seller?
Oligopoly
Monopolistic competition
Monopoly
Perfect competition
Chapter:
Labour cannot be separated from the ______.
Labourer
Contractor
Entrepreneur
Occupation
Chapter: [0.01] Factors of Production
The firm under perfect competition is a ______.
Price maker
Price taker
Price stabilizer
Price controller
Chapter: [0.05] Meaning and Types of Markets
The evolution of money started with ______ stage.
Commodity money
Metallic money
Bank money
Animal money
Chapter: [0.06] Meaning and Functions of Money
The demand for rice by all the people in your area will be called as ______ demand.
Individual
Social
Market
Society
Chapter: [0.05] Meaning and Types of Markets
______ deposits earn very low rate of interest on it.
Demand
Saving
Recurring
Cumulative
Chapter:
Printers and ink cartridge are an example of ______ demand.
Competitive
Composite
Joint
Office
Chapter: [0.02] Elementary Theory of Demand
The debt borrowed by the government from within the boundaries of the country is called as ______ debt.
Internal
External
Wholesale
Retail
Chapter:
When percentage change in quantity supplied is equal to percentage change in price then it is ______ supply.
Unit elastic
Perfectly inelastic
Perfectly elastic
Normal elastic
Chapter:
Toll tax is an example of ______ revenue of the government.
Administrative
Commercial
Fee
Direct
Chapter:
How is labour defined in economics?
Chapter: [0.01] Factors of Production
Distinguish between the following.
Commercial Bank and Central Bank.
Chapter: [0.08] Central Bank
State any two features of the Consumer Protection Act.
Chapter: [0.14] Consumer Awareness
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What is meant by the efficiency of labour?
Chapter: [0.01] Factors of Production
What is the meaning of the productivity of land?
Chapter: [0.01] Factors of Production
Briefly explain any one exception to the law of demand.
Chapter:
What is meant by consumer awareness?
Chapter: [0.14] Consumer Awareness
mention any two examples of composite demand.
Chapter: [0.03] Elasticity of Demand
Explain the term progressive tax.
Chapter: [0.1] Public Revenue
Mention five qualities of a good entrepreneur.
Chapter: [0.01] Factors of Production
Explain any five ways of exploitation of consumers in a market.
Chapter: [0.05] Meaning and Types of Markets
Explain any five characteristics of the land.
Chapter: [0.01] Factors of Production
What is the meaning of capital formation?
Chapter: [0.01] Factors of Production
Explain any three significances of capital formation in an economy.
Chapter: [0.01] Factors of Production
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Define the term oligopoly market.
Chapter: [0.05] Meaning and Types of Markets
Mention any three features of an oligopoly market.
Chapter: [0.05] Meaning and Types of Markets
What is the meaning of revenue expenditure?
Chapter: [0.11] Public Expenditure
Explain any three reasons for the growth of public expenditure.
Chapter: [0.11] Public Expenditure
Explain any three duties of a consumer.
Chapter: [0.14] Consumer Awareness
Why is the efficiency of labour low in India? (Any three points)
Chapter: [0.01] Factors of Production
With the help of a suitable diagram, explain the contraction of supply.
Chapter: [0.02] Elementary Theory of Demand
What are inferior goods?
Chapter: [0.05] Meaning and Types of Markets
Explain any three determinants or factors affecting demand.
Chapter:
Define the term ‘Entrepreneur’.
Chapter: [0.01] Factors of Production
Explain the role of an entrepreneur in the economic development of the country.
Chapter: [0.01] Factors of Production
What is meant by cost-push inflation?
Chapter: [0.02] Elementary Theory of Demand
Explain any three causes of cost-push inflation.
Chapter:
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