Wame Sameea.

.G
29Jan 2022 TERM ExAM ECONoNICS KARTS STC

Roll no: 1S

A) The term Micro econOmicS and Macrocconomic8 aScoineo

Sir_Ragnar Frisch in 1933

b

CiassicaL_ econemist Adam Smith is regarded as the

Father of' Economics

The minimum age of marriage in lndia for afemale

S 8yrS and formalestis 2yr

D) Mabarashtra has the largest GDP

E)Deciles are he vcalues that otiviole h e observasion

In tenequal parts

National /ncOme is a Micraeconomics concept

A)
Ans False

B Excessivc olcath rate over birth rote causes papulotian

explosion
AnsFalse
 in_Incia
population
mahaashtra has the lamest
Ans: Folse

aata
Quartile is the " seqment of agiven

Ans Eollse

E)There are no difficuties in the Barter Syse

Ans: Ealse

A)Main uear of qreat clividc in popuulotidn iS 92

B Investment done by foreign _companies i n o u r

countny is knon as EDI (Foreiqn Direct investment:)

Provision of making payments in future is

knohinas deferredpayment

D waant are eurrnq in nature

A) MICROECONONICS MACROECONOMICS

Microeconomics deals. MacrO economics deals

with the behaviour of the the entire
economy
inclvidual variables such Such as totcu employment,
as a household, worker, nationol income, nationod
firmindustry, et output, toto investment,
total co nsumption, etc
PTO
 kennet Bouloing defines Kenneth Bawcding defines
micro economics as what
as the
stucly of macrocconomica

deals not wi Hh indvicd u o l

parHcuar firm, particumar
such but with
householols Inadividuual prices, quant Hes as

the ag9Yegates o f these

wages incomes, incdlviotual
not nuith indiduo
ndusmies, particuar commooitis quantitfes
ncomes but with the natioral

income, not i t m irolividuol

prices but nwitn the generolL

witn
price level. Not

incviolual o utpub b u t

with the nationoloutpt

B) EcONOuIC aROWTH ECONOuIC_ DEVELOPMENT_

Economic4ronth means an increase Economic development inoicates

i n the real national income economic rowthplus progressire

of the count charges in certain impcrtant
Nariables nhich determine

weu-being of h e people

This concept is narrow ano This concept S broader

uantitative. and qualitoatie

Economic growth is possible Economic development

wimout economic dewelopmentis net possible nvithout
ecohomic growth

Economic qronsth is a Economic development is a

unidimensional concept muuti dimensioncl concept
 MARKS STUDENTS cf

100- 200 IS

200-3O0 20 3S
300 U00 2S 60
30
SOO-6OO
he l00.

H
Q Size of (

size Of (00

G siz2e of[25)"
25Liesia ef 3 herefore firstquartile clasS
is30-4

Leloof:20, ef,=1S n10o, h=!©O

+4 xh
l o O t 4 - / g x 100
20

100 t 25-iS ) 1O0

2

S
2 100 ELXaa)

lOO+2S

12S
 Q = 125

3 size of (3n observation

Q3- si2e of ( 3x166 )

o6servation
size of 7

2Q3 sizee f 3-7S observation

27S lies in ef 9co hence thìrd ouartile dass is 400-S O0.

h= IÖbo
L uoO f 30 f : 60 n100,

3X100
2 u00E( 60 x100
30

9400+(7S-5)x100

SO
u00 t Lx e

Ans: Q1E 12S, Q2 4SO

,M
 3izc of z s bseryation os3"-7"okserch
3 Io osC1-10)
1OtOS
1oS

Ans: Q 3S Q3 10 S

A)The problems facecl 6y he agricuuturol

sector in Maharas hTa

to
Decrease in theaverage size Of land haldings leading
Ao fam_ productlvity
farmers
IDcrease in the number ofsmall and marginan
a n d pesticides, leocinq
i i Excessire use of chemical fertilizers
tosail eegraaation
Agricutumlindebt.edness
and ocvese c r o p
vPoorimplementation of Tumu reforms
pattem
faciliHess.
v D r y lanoand inadequate mgatian
eii Lack ef capita
r u m l a e r elop ment plans
VIIoproper implenmentation_sf

D)The many aifferent types Of money are

In_prehistoric times, animal money
i Animal mone
nras used as ameans Of exchange. example: cotHe

animCls

PrO)
t i M e t a l i c Mane metauic money usecl olurable
metals Such s gold, silve, copper allunminium

nickel et

maney paper nas aSubstituute for mekollic

aper
maney Eventuoly ISSue of currency notes
was monopolizea by the cental bank.

iv Bank money OT creolit mone Bank money neans

oeposits ehich ore in ne form of Cash b thepeople
canbe used tocreate creait money This Can b
witharoaable and transferoble analemao

B Thecauses of hiab bìrthmteare:

iuikeracy 1he percentoge of iuliterates in the countr
isreasonablyhigh liberabe peaple haeastric
andrigic attihuale tonuards mariage and childbirth
Lo Leels of LiHteracy amang emales auso contributes

to hio birhrote .

ii niversalization of_mareioae In Inaia,

marriage.
issocial and religious obligation. Despite wiclespread
of education ients of people reqarotnq marrioqe
remain unchanged

The
i i Age oF marioge age.ofmarriage in Indtia
i S Low which resuuts i n a hiqh bìrth r oke)

Lmauesi 2lyrs Femoules:I8urs)

Pxeferehce tor mole chilc: Many indian
parents areopHng
TOcon1nue having child ren until
hey have asan or desire
numbers of sonS

nffamily eustem: There is no individunl financial responsib1lt u

in
ajoint fanmily, thereforeexistence ofjoint{amiles
is
alsoresponsibie for high birth rate

The featues of Maharashtras economy are as follaw3s

1 Maharashtrq is h e second-most popuous s t o t e in+he

country the population of the state nas il 24crores

aluring 201
Manarashtra is the third largest_3tate in terms of

2e0qkphcalaeameasuring 3.O8 lac sa, bm

i i s the most urbanisec State with 4 5 20 ef its PoPulation

iving in tons andeitles

Accordliq to 20il conses, the sex_ratio was a20 femoles

p e r 1oO0 males

The state liteacy nos 82:3. in t n e 201l corses

iAccoroung tohighestgrOWhn
thd Economic Survey of Maharashtrq
for 2016-17, tbe state of GsDP ano Stote per capita
income in comporison to atheratates
vii) The state economy is charncterisd by a) abundant
notural resourees b) availibitity of skiled manporer,
fechnologica advancement, d oereloped infras tructuure
vil) aanarashtra is the mastfavaured destination for
eeativita, Skill olevelopment, investment and
tourism