MODEL TEST PAPER-2
(Two Hours)
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 in reading the question paper.
The time given at the head of this paper is the time allotted for
writing the answers
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 11
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SECTION A (40 Marks)
Attempt all questions from this Section
Question 1
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(al State the main features of welfare definition of economics given by Prof. A. Marshall.
Explain the meaning of economic goods.
State any two features of capitalist economy.
What is meant by abiotic resources? Give an example.
Te) How did the Green Revolution promote inter-regional disparities?
Question 2
(a) Explain how agriculture supports industries. Give any two points.
(b) What is tertiary sector? State any two importance of tertiary sector.
(c) Give an example each of self-employment and wage employment programmes
in rural areas in India.
(dy How rapid growth of population in India has led to unemployment?
Explain briefly.
(e) What is GST? When was it implemented in India?
Question 3
(a) State any two elements of economic activities.
(b) What is marginal utility? Explain with the help of an example.
(c) State and explain the meaning of economic growth.
(d) Why do we need to economise resources?
(e) What is secondary sector? Give an example.
Answers
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Answer:1 (a)The main features of Marshall’s definition of economics are:
1.Study of material requisites of well-being: This definition indicates that Economics deals with the material aspects of well-being. Thus, it studies the materialistic aspects of economic welfare.
Concentrates on the ordinary business of life: It shows that Economics deals with the study of man in the ordinary business of life. Thus, Economics enquires how an individual gets his income and how he uses it.
2. A stress on the role of man: This definition stressed on the role of man in the creation of wealth or income.
3. Economics is a social science: Economics does not study the behaviour of a single person but of people living together in a society. People live together and interact with each other while working at firms, factories, shops and offices. The problems and activities arising out of these are studied by Economics.
4. Use of Money:Thisdefinition regards material economic welfare as a part of social welfare which can be measured in terms of money.
(B) In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods that are tangible property, and services, which are non-physical.
(C) Two features are:
1. Price Mechanism: Price mechanism is like an invisible hand that controls the workings of a capitalist economy. The forces of supply and demand will determine the prices and the level of productions in the economy. The government will not have any interference in this matter.
2. Profit Motive: The driving force behind any capitalist economy is the profit motive. All companies wish to produce and sell their products to maximize their profits. This also induces healthy competition in the economy.
(D) Abiotic Resources: The resources which are composed of non-living things are called Abiotic Resources. For example, water, minerals, metals, wind, solar energy etc.
Answer2 (a) Agricultural sector plays a strategic role in the process of economic development of a country. ... “Increase in agricultural production and the rise in the per-capita income of the rural community, together with the industrialisation and urbanisation, lead to an increased demand in industrial production”
Two roles are:
1. Role in Foreign Trade and Drive to exports.
2. Supply of Savings for Industrial Investment.
1.Study of material requisites of well-being: This definition indicates that Economics deals with the material aspects of well-being. Thus, it studies the materialistic aspects of economic welfare.
Concentrates on the ordinary business of life: It shows that Economics deals with the study of man in the ordinary business of life. Thus, Economics enquires how an individual gets his income and how he uses it.
2. A stress on the role of man: This definition stressed on the role of man in the creation of wealth or income.
3. Economics is a social science: Economics does not study the behaviour of a single person but of people living together in a society. People live together and interact with each other while working at firms, factories, shops and offices. The problems and activities arising out of these are studied by Economics.
4. Use of Money:Thisdefinition regards material economic welfare as a part of social welfare which can be measured in terms of money.
(B) In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods that are tangible property, and services, which are non-physical.
(C) Two features are:
1. Price Mechanism: Price mechanism is like an invisible hand that controls the workings of a capitalist economy. The forces of supply and demand will determine the prices and the level of productions in the economy. The government will not have any interference in this matter.
2. Profit Motive: The driving force behind any capitalist economy is the profit motive. All companies wish to produce and sell their products to maximize their profits. This also induces healthy competition in the economy.
(D) Abiotic Resources: The resources which are composed of non-living things are called Abiotic Resources. For example, water, minerals, metals, wind, solar energy etc.
Answer2 (a) Agricultural sector plays a strategic role in the process of economic development of a country. ... “Increase in agricultural production and the rise in the per-capita income of the rural community, together with the industrialisation and urbanisation, lead to an increased demand in industrial production”
Two roles are:
1. Role in Foreign Trade and Drive to exports.
2. Supply of Savings for Industrial Investment.
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