HARMONY PUBLIC SCHOOL & JR.

COLLEGE
Assessment- III (2023)
SUB: Economics TIME: 3 HOURS
STD: XI COMMERCE ROLL NO:
DATE: 09.03.2023 MARKS: 80

Q.1.A. Fill in the blanks: [5]

i. __________ unemployment is also known as invisible unemployment.
ii. __________ is an imaginary line that divides the poor and non-poor.
iii. __________ refers to economic freedom.
iv. NITI Aayog stands for __________.
v. __________ refers to the worth of a commodity.

B. Find the odd word out: [5]

i. Navratna status companies – SPCL, IOC, ONGC, HPC.
ii. Calories – 2400, 1800, 2100, 2250.
iii. Liberalization dealt with the following – MRTP, FERA, SEBI, NTPC.
iv. States with high rates of unemployment – Goa, Punjab, Maharashtra, Tripura.
C.Complete the correlation: [5]
i. Barter system: Goods: : Modern economy ___________.
ii. Arthshastra: Kautilya: : Wealth of Nations: ___________.
iii. __________ : Disguised unemployment; Urban unemployment: Industrial unemployment.
iv. Commodity money: Shells: __________ : Credit card.
v. Free goods: Value in use: : Economic goods: __________.
D. Suggest an economic term for the given [5]
i. Conscious and deliberate choice of economic priorities by some public authority.
ii. Threshold expenditure needed to satisfy basic human needs at socially acceptable level.
iii. Difference between birth rate and death rate.
iv. Investments done by foreign companies in our country.
v. The act of exchanging goods for goods.
Q.2. A. Define: (Any 3) [6]
i. Population
ii. Unemployment
iii. Economic Planning
iv. Micro- Economics
B. Distinguish between: (Any 3) [6]
i. Planning Commission and NITI Aayog.
ii. Economic Growth an Economic Development.
iii. Agriculture sector and Service sector.
iv. Micro-economics and Macro-economics.
Q.5. State with reasons whether you agree or disagree the following statements: (Any 3) [12]
i. The objective of the 12 th five-year plan was to achieve a faster, sustainable and inclusive growth.
ii. Death rate is falling rapidly in India.
iii. There are many good qualities found in modern currency.
iv. Value in use and value in exchange are the same.
Q.6. Answer the following: (Any3) [12]
i. Explain the measures taken to develop social infrastructure in Maharashtra.
ii. Explain the causes of unemployment in India.
iii. Explain the features of wealth.
iv. Explain different types of industrial unemployment.
Q.7. Answer the following questions in details: (Any 2) [16]
i. Explain the features of economic policy of 1991.
ii. Explain the various types of unemployment.
iii. Explain the different functions of money.

All the Best