Ravi Sirs Nimble Education for ISC,CBSE,ICSE, IB, AS & A

Levels

Contact : 9033311500, 8866611600

------------------------------------------------------------------------------------------------------------------------------------------------MM : 50
Specialization, Exchange and Money
Time : 2 hours
Instructions
Answer all questions
------------------------------------------------------------------------------------------------------------------------------------------------Q1.Why do countries specialize? Discuss any twp points.
[4]
Q2.What are the advantages of a firm that specialize? Discuss any four points.
[6]
Q3.What is division of labour?
[2]
Q4.What are the advantages of specialization of labour? Discuss any four points.
[6]
Q5.What are the disadvantages of division of labour? Discuss any four points.
[6]
Q6.How does specialization impact the following:
[6]
(a)An Entrepreneur
(b)A worker, and
(c)A consumer
Q7.What are the three factors on which the extent of specialization depends?
[6]
Q8.Discuss any four functions of money.
[6]
Q9.Discuss the three types of money in details.
[6]
Q10.Discuss the difference between notes and cheques.
[2]
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BEST OF LUCK

Ravi Sirs Nimble Education for ISC,CBSE,ICSE, IB, AS & A

Levels

Contact : 9033311500, 8866611600