NIOS| ECONOMICS (214)| QUESTION PAPER – (OCT - 2022)| SECONDARY| ENGLISH MEDIUM
ECONOMICS
(214)
[OCT - 2022]
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 Question 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 question.
1. Classical thinkers believed that Economics is: 1
(A) the science
of wealth
(B) the science
of development
(C) the science
of consumption
(D) the science
of competition
2. Production activities require: 1
(A) Skilled
labour
(B) Unskilled
labour
(C) (A) and (B)
Both
(D) None of these
3. The oldest form of economy is: 1
(A) the
socialist economy
(B) the
capitalist economy
(C) the mixed
economy
(D) the
centrally planned economy
4. The price at which quantity demanded of a commodity is
equal to its quantity supplied is called: 1
(A) the
equilibrium price
(B) the supply
price
(C) the demand
price
(D) the fixed
price
5. In the study of economics mostly these informations
are used for analysis: 1
(A) qualitative
(B) quantitative
(C) qualitative
and quantitative both
(D) imaginary
6. For production of goods and services these resources
are required: 1
(A) man-made
(B) natural
(C) man-made and
natural both
(D) imported
7. The environment includes these factors: 1
(A) biotic
factors
(B) abiotic
factors
(C) biotic and
abiotic factors both
(D) none of
these
8. The institute that conducts the quality testing of
many consumer goods is: 1
(A) Indian
Statistical Institute
(B) Industrial
Training Institute
(C) Indian
Institute of Technology
(D) Indian
Standard Institute
9. What is meant by an economy? 2
10. What is the relationship between price of a commodity
and its demand? 2
11. Explain barter system with an example. 2
12. Define supply. State the law of supply. 2
13. Fair price shops are for help to poor people. Explain. 2
14. Explain qualitative information and quantitative
information with example. 2
15. Goods and services both are important to satisfy human
wants. Explain giving example from your daily life. 2
16. Calculate total revenue of a shopkeeper Sanjay on the
basis of following transactions: 2
- He sold 80 kg
wheat at the rate of Rs. 30.00 per kg.
- He sold 50 kg
rice at the rate of Rs. 60.00 per kg.
- He sold 50
litre oil at the rate of Rs. 110.00 per litre.
17. Suppose you have opened a Savings Bank Account in your
name in a post office. Explain the process you have undergone for opening the
Savings Bank Account. 2
18. Suppose there is inflation on account of some specific
food items your family consumes. What one possible step will you take without
reducing the total quantity of food consumed to fight the inflation? 2
19. Explain the importance of data in Economic planning. 4
20. How does the Government play major role in controlling
prices. 4
21. With the advance of human civilisation a lot of
environmental problems have cropped up. Explain. 4
22. Explain following characteristics of wants. 4
(A) Present
wants are more important than future wants.
(B) Wants change
and expand with development.
23. Describe following characteristics of a capitalist
economy. 4
(A) Private
property
(B) Freedom of
enterprise
24. Now-a-days online shopping has become popular with the
growth of technology. Explain. 4
25. Differentiate between diagrammatic and graphic
presentation of data in Economics. 4
26. Describe the production activities included in secondary
sector of our economy. 4
27. What are the sources of air pollution? 4
28. Explain the following rights of consumers. 4
(A) Right to
safety
(B) Right to be
heard
29. Following are the marks obtained by a group of 60
students in Economics. Calculate arithmetic mean by using short-cut method. 4
|
Marks |
0-20 |
20-40 |
40-60 |
60-80 |
80-100 |
|
No. of students |
4 |
6 |
15 |
20 |
15 |
30. What were the reasons for occurrence of famines in India
during British rule? 4
31. Explain the importance of firms and industries. 6
32. What factors influence the seller in fixing the price of
a commodity? 6
33. Describe primary functions of a Bank. 6
34. Explain the reasons for poverty. 6
***
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