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Economics
ECONOMICS
QUESTION PAPER

Time : 3 Hours  Maximum Marks : 100

General Instructions :
(i) Answer to questions carrying 1 mark may be from one word to one sentence.
(ii) Answer to questions carrying 3 mark may be from 60 words.
(iii) Answer to questions carrying 4-5 mark may be about 70 words.
(iv) Answer to questions carrying 6 mark may be about 100 words.
(v)  Attempt all parts of question together marks are given at the end of each question.

SECTION - A
[Indian Economic Development]

Q.1. Which of the following industries are reserved for the public sector? 1
i. DefenseEquipment
ii. Atomic energy generation
iii. Cement
iv. Both (a) and (b)

Q.2. SJSRY stands for: 1
i. Swarna Jayanti Shari Rozgar Yojana
ii. Shahari Jeewan Sudhar Rashtriya Yojana
iii. Sampooma Jeewan Shahari Rozgar Yojana
iv. None of these

Q.3. In the year ___, Indian Government made free and compulsory education for age group of 6 – 14 years. 1
i. 2001
ii. 2002
iii. 2003
iv. 2007

Q.4. What is micro finance?

2
Q.5. Discuss the adverse effects of partition of the country on the agriculture sector.

3
Q.6. What is meant by privatization? What are the two ways in which privatization can be done?

5
Q.7. Discuss the need for promoting women education in India.

5
Q.8. What is meant by diversification of crop production?

5
Q.9. Why and how was private sector regulated under the Industrial Policy Resolution 1956?

5
Q.10. Write short note: 5
i. Growth-oriented approach.
ii. Determination of Poverty line.

Q.11. Critically appraise some of the shortfalls of the Industrial policy pursued by the British colonial administration.

5
Q.12. What are the major factors responsible for the high growth of the service sector?

6
Q.13. State and explain the main problems of human capital formation in India?

6
Q.14. Critically evaluate the role of the rural banking system in the process of rural development in India.

6
SECTION - B
[Statistics for Economics]

Q.15. Basis reason for existence of economic problem is: 1
i. Unlimited wants
ii. Scarcity
iii. Alternative uses
iv. None of these

Q.16. Primary data is preferred over secondary data where: 1
i. Time available is short
ii. Accuracy is important
iii. Sufficient finance is not available
iv. Much accuracy is not required

Q.17. What is meant by dispersion?

1
Q.18. Which method would you use if there is some common factor of the deviation of the items?

1
Q.19. Discuss the importance of statistics in Business.

3
Q.20. Find out mode of the following series: 3
Class Interval 0-5 5-10 10-15 15-20 20-25
Frequency 2 4 15 6 7

Q.21.

The availability of fresh water may become the most crucial problem over the coming decades. Enumerate some of the steps which need to be taken to save water?

3
Q.22. Convert the following cumulative frequency series into simple frequencyseries. 3
Marks No. of Students
Less than 20 10
Less than 40 18
Less than 60 25
Less than 80 45
Less than 100 55

Q.23.

You have unlimited wants and limited resources to satisfy them. Explain by giving two examples.

4
Q.24. The sum of 10 values is 100 and the sum of their squares is 1090. Find the coefficient of variation.

4
Q.25. Distinguish between ‘primary data’ and ‘secondary data’. Which data is more reliable and why?

4
Q.26. Following information pertains to the daily income of 150 families. Calculate the arithmetic mean. 4
Daily Income No. of families
More than 75 150
More than 85 140
More than 95 115
More than 105 95
More than 115 70
More than 125 6
More than 135 40
More than 145 25

Q.27.

If the mean of the data given below is 28, find:
6
i. Missing frequency
ii. Median of the series.
Profit 0-10 10-20 20-30 30-40 40-50 50-60
No. of shop 12 18 27 ? 17 6

Q.28.

To check the quality of two brands of light bulbs, their life in burning hours was estimated as under for 100 bulbs of each brand.

6
Life No. of Bulbs
Brand A Brand B
0 - 50 15 2
50 - 100 20 8
100 - 150 18 60
150 - 200 25 25
200 - 250 22 5
100 100

i. Which brand gives higher life?
ii. Which brand is more dependable?

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