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    10 Economics

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    10 Economics

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    10 Economics

    Uploaded by

    contactsanghamitra

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    GARDEN HIGH SCHOOL

    CLASS X
    Prelims 2018– 19
    Economics

    Time: 2 hours Full Marks: 80

    This Question Paper has three printed pages.


    Answers must be written in the script/s provided. You will not be allowed to write for the
    first 15 minutes. This time must be spent in reading the Question Paper.
    The time given at the head of this Paper is the time allowed for writing answers.

    This Paper is divided into two sections.


    Attempt all the questions of Section A and any four of Section B.
    Maximum marks for a question or part of a question are given in brackets [ ].

    SECTION A (40 marks)

    Answer all the questions.

    Question No 1 [5 × 2 = 10]

    (a) Mention any two determinants of the volume of production in an economy.

    (b) Distinguish between physical labour and mental labour. Give one example of each.

    (c) ‘Income earned by an entrepreneur is residual in nature.’ Explain.

    (d) What is the Bandwagon effect?

    (e) Distinguish between redeemable public debt and irredeemable public debt.

    Question No 2 [5 × 2 = 10]

    (a) An individual purchases a commodity from a distant market and sells it to another
    market. Do you consider this activity as production? Justify your answer.

    (b) Distinguish between real capital and debt capital.

    (c) What is the impact of the level of technology on supply?

    (d) Define bank rate.

    (e) What is CRR? How does it determine the total amount of credit creation in the
    economy?
    (2)

    Question No 3 [5 × 2 = 10]

    (a) Mention two ways in which land differs from other factors of production.

    (b) Define division of labour.

    (c) What is meant by the degressive tax system?

    (d) Mention any two demerits of the barter system of exchange.

    (e) Write a short note on the Right to Information Act (2005).

    Question No 4 [5 × 2 = 10]

    (a) Explain one contribution of land to production.

    (b) Give two reasons why mobility of labour has increased in recent times.

    (c) What is the significance of capital in promoting economic growth?

    (d) For the following list of goods state whether the demand is elastic or inelastic.
    Give reasons for your answer.

    (i) bicycle (ii) match boxes (iii) rice in West Bengal (iv) Rolex watches

    (e) Government allows a subsidy to a seller of a product. Show its impact on the supply
    curve of the product.

    SECTION B (40 marks)

    Answer any four questions.

    Question No 5 [5 + 5]

    (a) What is meant by productivity of land? Explain any four factors that affect the
    productivity of land.

    (b) Price of a product and its quantity demanded move in opposite directions. Give
    three reasons to support this statement.

    Question No 6 [5 + 5]

    (a) Define tax. Explain in detail four merits of a direct tax.

    (b) Explain the relation between supply and time period.


    (3)

    Question No 7 [5 + 5]

    (a) Mention five different ways in which an entrepreneur can promote the economic
    development of a country.

    (b) Discuss any five rights of a consumer as stated in the Consumer Protection Act, 1986.

    Question No 8 [5 + 5]

    (a) Explain the secondary functions of money.

    (b) What is meant by increase in demand? Discuss any four factors affecting price
    elasticity of demand.

    Question No 9 [5 + 5]

    (a) Discuss five major contributions of capital in the modern system of production.

    (b) What is meant by public expenditure? Write short notes on:

    (i) Revenue expenditure (ii) Capital expenditure

    Question No 10 [5 + 5]

    (a) Explain the positive impacts of division of labour on the production structure of a
    modern economy.

    (b) What is meant by quantitative credit control? Describe two quantitative credit
    control measures of the central bank.

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