NIOS| ECONOMICS (214)| QUESTION PAPER – (JAN-FEB) - 2021| SECONDARY| ENGLISH MEDIUM


NIOS| ECONOMICS (214)| QUESTION PAPER – (JAN-FEB) - 2021| SECONDARY| ENGLISH MEDIUM

ECONOMICS
(214)
Time: 3 Hours
Maximum Marks: 100

 

Note:

(i) All questions are compulsory.

(ii) Marks allotted to each question are indicated against it.

(iii) Each question from Q. Nos. 1 to 8 has four alternatives (A), (B), (C) and (D) and out of which one is the most appropriate. Select the correct answer and write it in your answer-book against the number of questions.

 

1. Economics as a subject has assumed great importance in the field of:    1

(A) Physical science

(B) Political science

(C) Social science

(D) Life science

2. The environment provides to man:   1

(A) Only renewable resources

(B) Only non-renewable resources

(C) Both renewable and non-renewable resources

(D) Temporary resources

3. The quantity of a commodity that an individual buyer is willing to buy at given price per unit of time is called:  1

(A) Individual demand

(B) Market demand

(C) Trade demand

(D) Perfect demand

4. Exchange of one kind of goods and services for another kind of goods and services is called:  1

(A) Social system

(B) Barter system

(C) Economic system

(D) Monetary system

5. One-rupee notes and coins as well as coins below one rupee are issued by:  1

(A) Reserve Bank of India

(B) Ministry of Finance, Government of India

(C) State Bank of India

(D) Central Bank of India

6. Justice delayed is justice -        1

(A) reformed

(B) changed

(C) accepted

(D) denied

7. Statistical data is a term which is used as:   1

(A) singular

(B) plural

(C) singular and plural both

(D) imaginary

8. The most important Act to protect the interests of consumer is:  1

(A) Prevention of Food Adulteration Act, 1954

(B) Essential Commodities Act, 1955

(C) Standard of Weights and Measures Act, 1976

(D) Consumer Protection Act, 1986

9. What caused the decline of Handicraft Industry in India during British rule?  2

10. What is included in environment?     2

11. Name the two branches in which the study of Economics is divided.   2

12. How did the British make profit through cash crops of Indian farmers? Explain.  2

13. Explain the aim of National programme of Mid-Day meals in schools.  2

14. Differentiate between goods and services.  2

15. What is water pollution? Name two sources of water pollution.  2

16. Explain any two salient features of an economy.    2

17. Suppose you have to organize a sports competition in your colony. Prepare a plan to make the competition a success.  2

18. Who is a consumer? Explain.   2

19. Differentiate between positive and normative economics. Explain with examples.  4

20. Explain the following functions of money:    4

(a) Medium of Exchange

(b) Measure of Value

21. What were the causes of famines in India during British rule?      4

22. Explain labour intensive and capital-intensive technology of production. Give examples.  4

23 How do the following factors determine individual demand:     4

(a) Price of the commodity

(b) Price of related goods

24. The lack of double coincidence of wants is a common problem with barter system. Explain.   4

25. Explain following features of statistics:  4

(a) Aggregate of facts

(b) Predetermined purpose

26. The intermediaries became the exploiters of common people in India during British rule. Explain.  4

27. How can we contribute to sustainable development through resources?     4

28. Suppose there are three firms A, B and C supplying sugar in a market. At a price of Rs. 3,000 per quintal of sugar A, B and C supplied 40 quintal, 50 quintal and 60 quintal of sugar respectively in a day. Find market supply of sugar. 4

29. Following are the marks obtained by 60 students of a class in Economics. Calculate arithmetic mean by using short cut method:   4

Marks

50-60

60-70

70-80

80-90

90-100

No. of Students

2

15

20

15

8

 

30. How does the Government play major role in controlling prices?    4

31. What is meant by cost? Differentiate between explicit cost and implicit cost.  6

32. Describe following methods of collecting primary data:  6

(a) Direct personal investigation 

(b) Indirect investigation

33. Differentiate between a developed and developing economy.  6

34. Explain the effect of the following on market demand:   6

(a) Number of buyers

(b) Distribution of income and wealth.

 

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Also Read: 

1. Indian History 

2. CURRENT AFFAIRS

3. GK

4. MCQ SOLVED