Plus One Economics Model Question Paper 1

Kerala Plus One Economics Model Question Paper 1

Time Allowed: 2 hours
Cool off time: 15 Minutes
Maximum Marks: 60

Answer Question number 1, which carries 5 scores.
Question 1.


Questions 2 to 6 : Answer all the questions. Each carries 1 Score.

Question 2.
Government taxation and public expenditure ‘ policies which are collectively known as
a. monetary policy
b. Fiscal policy
c. Trade policy
d. None of the above

Question 3.
A Survey which includes every element of the population is known as
a. Random sampling method
b. Non-random sampling method
c. Census method
d. None of the above

Question 4.
In India, inflation is calculated by using
a. Wholesale price index
b. Consumer Price Index
c. Producer price index
d. None of the above

Question 5.
The value of correlation coefficient lies between
a. Minus one and zero
b. Minus one and plus one
c. Minus one and plus two
d. None of the above

Question 6.
Britain intensified control over India’s for­eign trade with the opening of
a. Panama canal
b. Suez canal
c. Grand canal
d. Kiel canal

Questions 7-11: Answer all the questions. Each question carries two Score.

Question 7.
During the British period in India, social development indicators were not satisfactory. Substantiate the statement with the help of two indicators.

Question 8.
List out the importance of statistics in economics

Question 9.
There are two types of errors in sampling. One is sampling error and the other one is a non-sampling error. List out the differences.

Question 10.
Classify the following variables under quali­tative and quantitative. Income, Literacy, Height, Intelligence

Question 11.
In some states, farmers directly sell their products to consumers. Give two examples of such markets.

Questions 12-18: Attempt any six. Each carries 3 score.

Question 12.
Telephonic interview is one among the modes of data collection. Give three merits.

Question 13.
Calculate the mean deviation from the mean of the following data.

Question 14.
Whether the import substitution policy, which we followed till 1991, was effective to protect our domestic industries. Identify the policy instruments and substantiate.

Question 15.
Identify the similarities in respect of the developmental strategies adopted by India, China, Pakistan.

Question 16.
Sustainable development is indispensable for any nation. Point out 3 examples in your locality which act as obstacles for the sus­tainable development.

Question 17.
Calculate the Weighted Aggregative Price Index of the following data. (Here weight is given to base period quantities)

Question 18.
Orderly arrange the steps towards making a project. Conclusion, Choice of the target group, Organisation, and presentation of data, Analysis, and interpretation Identifying a problem or an area of study, Collection of data

Questions 19-23: Attempt any 4. Each carries 4 scores.

Question 19.
The government of India decided to deregu­late the industrial sector as a part of liberalisation policy in 1991. List out the mea­sures adopted for this purpose.

Question 20.
“Investment in education can stimulate the economic growth “.do you agree with these statements?

Question 21.
The mark of 50 students in the economics class test is given below.

9, 18, 75, 90, 63, 26, 39, 44, 6, 84, 63, 44, 56, 8,
67, 53, 83, 45, 18, 92, 95, 28, 65, 12, 24, 77, 7,
25, 25, 6, 55, 33, 75, 91, 61, 19, 58, 85, 44, 55,
86, 37, 51, 34, 33, 87, 60, 48, 78, 63
Prepare a frequency distribution table with tally mark by exclusive method taking class intervel of ten.

Question 22.
The rank of 10 students in English and Economics examinations are given below. Calculate the rank correlation coefficient.

Question 23.
Indebtedness is still common in rural areas due to the exploitation of money lenders. To avoid this problem and to ensure the credit facilities in rural areas, the government started many institutions. Briefly explain.

Questions 24-26: Attempt any two. Each carries 5 Scores.
Question 24.
Distribution of employment by region.

Question 25.
The following are the distribution of monthly income of 30 workers in a particular village. Draw a histogram and locate the mode.

Question 26.
The following are the distribution of monthly income of 30 workers in a particular village. Draw a histogram and locate the mode.

Questions 27-29: Attempt any two. Each carries 8 Score.

Question 27.
Poverty is a situation in which a person is unable to secure the basic minimum necessi­ties of life’you think that the eradication of poverty is a social necessity.why? evaluate the three-dimensional approach adopted by the Govt.of India to alleviate the poverty in our country.
(Hints:poverty-causes-policies and progra­mmes for poverty alleviation)

Question 28.
Sustainable development mainly focussed on eco-friendly development. The use of a conventional source of energy and sustainable development are moving in opposite direc­tions. How the use of a non- conventional source of energy can promote sustain­able development? Analyse.

Question 29.
Calculate the Mean, Median, Mode from the following data.

Answers

Answer 1.

Answer 2.
Monetary policy

Answer 3.
Census method

Answer 4.
Consumer price index

Answer 5.
Minus one and plus one

Answer 6.
Suez canal

Answer 7.
The nature of the economy underwent rapid changes under British rule. British eco­nomic policy had only two objectives.

• To use India as a source of raw material for British industries.
• To convert India into a market for goods manufactured in British.

These policies promoted British interest and destroyed Indias flourishing cottage indus­try. The livelihood of thousands of Indians was adversely affected.

Answer 8.
a. Statistics is an indispensable tool for economics. Because of its enables on the environment to present economic facts in a precise and definite form that nips in proper comprehension of what is stated.
b. Statistics helps in considering the mass of data into a few numerical measures such as (mean, variance etc..) These nominal resources help summarise data.
c. It helps in the establishment of the correlation between the two facts.

Answer 9.
Sampling Error: It refers to the difference be­tween the sample estimated and the actual value of characteristics of the population. It is the error that occurs when you make an observation from the population.
Non-Sampling Error: Non-sampling error that arises in the data collection process as a result of factors other than taking a sampling. Non- sampling errors have the potential to cause bias in polls, surveys or samples.

Answer 10.

Answer 11.
Maharashtra, Tamilnadu

Answer 12.
In a telephonic interview, the investigator asks questions over the telephone.
Merits:
Cheaper than a personal interview

1. Conducted in a shorter time
2. It is better in the cases where the respon­dents are reluctant to answer certain questions in a personal interview.

Answer 14.
India we implement a policy like licensing, MRTP Act, etc. with good intentions. But in practice, it created a licensing – permit raj. This restricted economic activity and prevented the economy from achieving high rates of growth.

Some of the deficiencies of the strategy from 1950-51 to 1990-91 can be summarised as follows:
a. Act like MRTP (Monopolies & restrictive trade practice Acts) prevented large resourceful companies from making the investment.
b. Acts like FERA ( Foreign Exchange Regulation Act) restricted foreign investment.
c. Protection of domestic industry through a high level of import duties (some rates rising as high as 330%) made domestic industry inefficient.

Answer 15.
India and Pakistan independent nations in 1947, while the People’s Republic of China was established in 1949. All the three countries had started planning their development strat­egies similar ways, while India announced its first five year plans for 1951-1956, Paki­stan announced its first five-year plan called, the medium-term plan, in 1956 China an­nounced its first five-year plan in 1953. Till 1998, Pakistan had eight five year plans whereas China’s tenth five year period is 2001- 06. The current planning in India is based on ’ tenth five-year plan in 2002-2007. India and Pakistan adopted similar strategies such as creating a large public sector and raising pub­lic expenditure on social development until the 1980s all three countries had similar growth rates and per capita incomes.

Answer 16.
The following are the examples

• Excessive waste generation and sub­sequent pollution of soil, air, water
• Global warming
• A limited supply of resources.

Answer 17.

Answer 18.
a. Identify a problem or an area of study.
b. Choice of the target group
c. Collection of data
d. Organisation and presentation of data
e. Analysis and interpretation
f. Conclusion

Answer 19.
The highlights of reforms in the industrial sector are the following:
a. Delicensing: Now, only a few industries like alcohol, cigarettes, hazardous chemicals, industrial explosives, drugs, and pharma­ceuticals need licensing. Others have been delicensed category.
b. Dereservation: The number of industries reserved for the public sector has been drastically reduced. Now, only defense equipment, atomic energy, and railways are reserved for the public sector.
c. Amendment of MRTP and FERA MRTP Act and FERA were amended to facilitate investment.
d.Dereservation of goods for the small-scale sector. The number of goods reserved for the small-scale sector was reduced.

Answer 20.
Education is an important source of human capital formation. Investment in education stimulates economic development in the following ways.

• Raise production knowledgeable and skilled workers can make better use of resources at their disposal. It will increase production in the economy. An educated and trained person can apply his knowledge and skill at the firm, factory, and office to increase production.
• Raises efficiency and productivity. Investment in education increases efficiency and productivity and hence yields higher income to the people.
• Brings positive, changes in outlook and attitude. Knowledgeable and skilled people have a modern outlook, and attitude, that they make a rational choice in respect of places and jobs.
• Improve the quality of life. Education improves quality of life as it provides a better job, high income and improves health. It results in a better standard of living.

Answer 21.

Answer 22.

Answer 23.
Village money lenders have been the most important source of credit to farmers for a long time. At the time of independence and for many years following it, money lenders exploited small and marginal farmers by charging high rates of interest, presently india has a multidimensional rural credit structure. the important institution in these credit structure is;

• a NABARD (National Bank for Agriculture and Rural Development)
  Commercial Bank
• Regional Rural Banks (RRBs)
• Co-operative Credit Institutions
• Land Development Bank
• Self Help Group (microcredit) NABARD was set up in 1982. NABARD is the apex bank that coordinates the lending activities of all in involved in rural credit.

Answer 24.

• In the rural area, most of the workers are lives as self-employed workers.income
• Poverty may be defined as the inability to secure minimum human needs are not fulfilled, a man undergoes pain and suffering. There is a loss of health and efficiency.
• As compared with urban workers casual wage labours are more than in rural area.
• In the urban area, most of them are regular salaried employees
• The reason behind the decrease in regular salaried employees in a rural area was the increased number of illiterates.
• As compared with the rural area the number of self-employed workers is less than in urban area.

Answer 25.

Answer 26.

Answer 27.
Poverty may be defined as the inability to secure minimum human needs are not fulfilled, the man undergoes pain and suffering. There is a loss of health and efficiency.
The main causes of poverty lie in the institu­tional and social factors that mark the life of the poor. The poor people are deprived of quality education and unable to acquire skill which fetch them a better income

Policies or programs:

• Rural employement generation programme.
• Prime minister’s RozgarYojana
• Swarna Jayanthi Shahan RozgarYojana
• National Food for Work Programme (NFWP)
• Swarna Jayanthi Gram Swarozgar Yojana (SGSY)
• Mid Day Meal Scheme
• National SociaL Assistance Programme (NSAP)
• Pradhan mantri gramodaya yojana (PMGY)
• Pradhan Mantri Grama Sadak Yojana (PMGSY)
• Sampooma gramin rozgar Yojana (SGRY)

Answer 28.
Sustainable development can be defined as a development strategy that meets the need of the present generation without com­promising the ability of future generation to meet their own needs. in a specific term, sustainable development aims at decreas­ing the absolute poverty of the poor by providing lasting and securing livelihoods that minimise resource depletion, environ­ment degradation, cultural disruption, and social instability.

Strategies for sustainable development:
1. Use of a nonconventional source of energy: India heavily depends on the hydropower plants to meet its power needs. Both of these have adverse environmental impacts. Thermal power plants emit large quantities of carbon dioxide, which is a greenhouse gas. It is not used properly.

2. Bio-composting: In order to increase production, we have started using chemical fertilisers which are adversely affecting the waterbodies, groundwater system etc. but again in farmers in large numbers have started using organic fertilisers for production.

3. Mini-hydel plants: Mountainous region has streams everywhere, most of such streams are perennial. Mini -hydel plants use the energy of such steams to move small turbines which generate electric­ity. Sue power plants are more or less environment-friendly.

Answer 29.

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