SRI VANI VIDYA KENDRA PU COLLEGE

` “HANUMAVANA” MACHOHALLI 16KM OFF MAGADI ROAD,

BENGALURU – 560091

Date: 01-04-2021 ` ECONOMICS – I PUC Max. Marks: 100

Duration: 3 Hr 15 Min I Preparatory Exam Subject Code: 22
SECTION - A

I. A Choose the right answers 1x5=5

1. Economics is the study of mankind inof life.

a) The ordinary business c) special business
b) The weekly business d) chance
2. Statistical calculations in classified data are based on
a) The actual values of observations c) the upper class limits
b) The class midpoints d) the lower class limits
3. Which of the fallowing methods gives better results?
a) Census c) Survey
b) Direct interview method d) Random survey
4. Which of the fallowing is cheapest method of collection of data.
a) Telephonic interview c) mailing questionnaire
b) Direct interview method d) None of these
5. Ogives can be helpful in locating graphically the
a) Mean c) Median
b) Mode d) N o n e o f t h e a b o v e

I B Fill in the blanks. 1x5=5

6. Census of India is carried out once in years.
7. Mode of frequency distribution can be known graphically with the help
of ...............
8. Full form of GATT ……………………………………
9. Taxes on income of individuals are called as .................
10. For a discrete variable the classification of data is known as….………………
 I C Match the following. 1x5=5

A B
(1) Pilot survey (a) Best for sensitive questions
(b) p e r m i s s i o n t o o p e n o r c l o s e
(2) P e r s o n a l business.
interview
(3) Mailed interview (c) Pre-testing of questionnaire
(4) l i c e n s i n g (d) Air pollution
(5) Industrialization (e) H i g h e s t r e s p o n s e r a t e

I D Answer the following questions in a sentence/word. 1x5=5

11. Give the meaning of sampling errors.
12. Define economics according to Alfred Mrshal.
13. What type of economic system is followed in India?
14. Expand IBRD.
15. What is ‘Scarcity”.
Section – B

II. Answer the fallowing questions in a sentence/word. 2X9=18

16. What is Foreign exchange reserves.?
17. Mentions the types of variable.
18. What is spatial classification?
19. What is Outsourcing.
20. What is Histogram.
21. What is arithmetic line graph.
22. Explain the Non sampling errors.
23. What is Disinvestment.
24. Define statistics.
25. What is bivariate frequency distribution.
26. What is Frequency array.

III. Answer any seven of the following in about twelve sentences each.
7X4=28

27.Write a note on background of NEP1991.

28.Construct the Pie chart for the fallowing.
 states Literacy Rate
Andhra Pradesh (A.P.) 67.7
Bihar 63.8
Uttar Pradesh (U.P.) 69.7
Kerala 93.9
Himanchal Pradesh (H.P.) 83.8
Gujrat 79.3
Delhi 86.3
Haryana 76.6

29.Write a note on privatization.

30.What is Bar diagram and explain its types?
31.What are the different methods of data collection?
32. Write a note on WTO.
33.What is the Data, mention different Sources of data?
34.Define.
a. Class mid-point
b. Raw data
c. Class limit.
d. Class width.

Section – C

35. Briefly explain how Statistics helps to study economics?

36. Does the lottery method always give you a random sample? Explain.
37.Explain the different areas of Liberalization.
38. is Agriculture adversely affected by the reforms, justify the answer.

39. Let’s consider the marks of 25 students in a school. The scores are as follows:

41, 53, 64, 31, 53, 33, 70, 61, 74, 32, 53, 56, 56, 64, 56, 88, 28, 70, 56, 64, 74, 53,
53, 61, 31.

The maximum mark allotted to the paper is 100. Draw a tally chart for the above data.

Section - D
40. what is table? Mention the components of Table.

41. what is Questionnaire, mention the conditions of Good Questionnaire.

42. mention any five countries’ currencies with their symbols.

Section – D

V. Answer ant two of the fallowing questions in about twenty sentences each.
6X2=12

15) Explain the feature of IC Curve

16) With the help of diagram explain the Law of DMU.

17) Explain the Consumer equilibrium with the help of IC and Budget line.

Section – E

VI. Answer the following question:

1X5=5

18) The consumer income is 40rs, the price of Banana is 5rs and Mango is 4rs,
a. How much Banana can she consume if she spends her entire income on the
good?
b. How much Mangoes can she consume, if she spends her entire income on the
good?
c. Is the slope of Budget line is down word or up word?
d. Are the bundles on the budget line equal to consumer’s income?
e. If you want to have more of Bananas, you have to give of Mangoes. Is it true?
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