Question Bank for Annual Exam Subject : Economic Application Date : 04/02/14 Chapter : 2,3,4,5,6,11,13,14 Part - I

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1 Question Bank for Annual Exam 2014 Subject : Economic Application Date : 04/02/14 Chapter : 2,3,4,5,6,11,13,14 Part - I Question 1 Attempt all questions from this part 1) What do you mean by consumption? 2) What is marginal propensity to consume? 3) What do you mean by savings? 4) Is money capital? Explain in brief? 5) Explain Floating capital and sunk capital 6) Fixed and circulating capital 7) Explain Land 8) Explain Labour 9) Explain Entrepreneur 10) Explain Human and Non- Human capital 11) What is economic system? 12) What is price mechanism? 13) Define (i) underdeveloped economy 1) How many types of techniques are their? Which are they? 2) Define developed economy. 3) Define under developed economy. 4) Define open economy. 5) State two characteristics of underdeveloped economy. 6) Define closed economy. 7) State two characteristics of developed economy. 8) Define production economy. 9) State two characteristics of developing economy. 10) Define trading economy. 11) Define agriculture economy. 12) Define industrial economy. 13) Define capitalist economy. 14) Define socialist economy. 15) Define mixed economy. 16) Define fiscal policy. 17) Define monitory policy. 18) What is Globalisation? 19) What is fiscal policy? Question 2 1) Explain per capita income

2 2) Who are direct consumers? 3) What is fiscal policy? 4) What do you mean by monetary policy? 5) Who are producers? State the types. 6) What is export promotion? 7) What do you mean by economic entity? 8) Who is the government? 9) Give two importance of producers? 10) State two significances of consumer? 11) What is free price mechanism? 12) What is controlled price mechanism? 13) What do you mean by capital formation? 14) Define primary sector. 15) Define service or tertiary sector. 16) Define secondary sector. 17) Define Rural Sector. 18) Define urban sector. 19) What is the full form of UNDP? 20) Define Human development index. 21) Give any two role of public sector. 22) Give any two role of private sector. 23) When was planning commission set up in India? 24) What was the aim of planning commission? 25) What is the full form of NSSO? 26) What is educational unemployment? 27) What is Net national product? 28) Define Bank. 29) Mention two features of a Bank? 30) Name two public sector banks & two private banks of India. 31) Give example of indirect taxes? 32) What is Privalisation? Question 3 1) State any two roles of households 2) Define the term Opportunity cost. 3) What do you mean by marginal opportunity cost? 4) Define central problem. 5) What are the various stages of economic growth? 6) What is economic development? 7) What is production possibility curve? 8) Is economic of choice called the economic problems? 9) What do you mean by efficient use of resources? 10) How to attain growth? 11) What is organized banking? 12) What is unorganized banking? 13) What is scheduled & Non-scheduled Bank? 14) What is commercial bank? 15) What is exim bank popularly known as? What is its function? 16) What are Exchange Banks engaged in? 17) What is Central Bank?

3 18) Mention two agency functions of commercial bank? 19) Mention two difference between commercial bank & central bank? 20) Why is LIC not a bank? 21) Which are the two types of instruments used by central bank to control the volume of credit in the economy? 22) What is bills of exchange? 23) Who are indigenous bankers? 24) How does service sector help in increasing the foreign exchange reserve with in the country? 25) Name two non banking financial institutions in India. 26) What is co-operative bank? 27) What is the difference between current account & fixed deposit? 28) What is the full form of NABARD? 29) What is the function of NABARD? 30) What is consumer awareness? 31) What is Liberalisation? 32) Mention any two functions of IMF. Question 4 1) Briefly explain How to produce Problem. 2) Briefly explain For whom to produce problem. 3) Explain national wealth 4) Name any two kinds of consumers? 5) Name any two kinds of producers? 6) What is the importance of consumers? 7) Explain progressive taxation. 8) Explain in brief development of socio- Economic infrastructures? 9) Write any two causes of economic problem 10) Explain any two stages of economic growth? 11) What is consumer exploitation? 12) Define : Consumer 13) Mention two methods of consumer exploitation. 14) State the factors behind consumer exploitation. 15) Mention the rights of consumer? 16) Which are the three R s of a dutiful consumer? 17) Mention the duties of the consumer? 18) Mention the two responsibilities of a consumer before buying? 19) Mention the two responsibilities of a consumer while buying? 20) Mention the two responsibilities of consumer after buying? 21) What is consumerism? 22) What is a district forum? 23) What is State Commission? 24) What is National Commission? 25) What is Right to Information Act? 26) State the two objectives of right to information act? 27) What is consumer protection Act? 28) State the procedures for filing complaint in consumer court? 29) What is consumer complaint? 30) What is Bureau of Indian Standard? 31) What is the objective of World Bank?

4 32) Write any two objective of WTO. 33) What is MNC? 34) Write any two functions of the World Banks. Question 5 Part II Attempt any four question from this part 1) Distinguish between economic growth of economic development. [7] 2) What do you mean by production possibility curve? Explain the production possibility curve with the help of schedule and diagram. [8] 3) What is capitalist economy? Discuss the main features of capitalist economy? [7] 4) Discuss the merits & demerits of capitalist economy. [8] 5) Explain why India is less developed economy? [8] 6) Discuss the different types of banks in India. [8] 7) Explain three arguments in favour and against privatisation? [7] Question 6 1) What is wealth? Explain the relationship between wealth and welfare. [7] 2) Investment refers to increment of capital equipment. Explain [8] 3) Explain the features of a developing economy. [7] 4) Explain the features of a developed economy. [8] 5) Elaborate the functions of commercial banks. [7] 6) Name the Central bank of India. Discuss the functions of Central Bank. [8] 7) Explain any three arguments in favour and against globalization? [8] Question 7 1) Labour is an active factor of production Explain the statement? [7] 2) What is capital? Explain the main features of capital? [8] 3) Explain the features of a under developed economy. [7] 4) What is mixed economy? Discuss the main features of mixed economy? [7] 5) Distinguish between Central Bank & Commercial Bank. [7] 6) Discuss the role of banks in the economy. [8] 7) Explain the functions of WTO. [7] Question 8 1) Write in detail about the causes of economic problems? [7] 2) Explain the following terms [8] 3) Market 4) National income 5) Personal and social overhead capital 6) Portfolio investment 7) Explain the types of mixed economy? [7] 8) Distinguish between capitalist, socialist & mixed economy. [8]

5 9) Who is consumer? Explain methods of consumer exploitation. [7] 10) Explain the nights of consumer. [8] 11) Write three objective and functions of World Bank. [8] Question 9 1) Explain the different classification of capital [7] 2) Labour is an active factor of production? Explain the statement [8] 3) Explain why India is considered as a developing country? [8] 4) Give an Introduction to Indian economy. [7] 5) Explain the need for consumer protection. [7] 6) Describe the methods of consumer protection. [8] Question 10 1) What is production? Explain the main features of land and entrepreneur? [7] 2) Write in detail about the growth efforts in backward economy [8] 3) What is consumer protection act? Discuss the features & structures? [7] 4) What is Right to Information act? Explain its objectives. [8] 5) Explain why India is a mixed economy? [8] 6) Explain the basis of production in an Indian economy. [7]

ECONOMICS (64) Aims: CLASS IX

ECONOMICS (64) Aims: CLASS IX Aims: 1. To acquire the knowledge of terms, facts, concepts, trends, principles, assumptions, etc. in Economics. 2. To develop familiarity with the basic terminology and elementary ideas of Economics.