Burlington junior college
Sub-economics
Q. 1) Objectives type question.(07 marks)
{1} Key points in Lionel Robbins' definition:
a) Wants are unlimited
b) Means are limited
c) Wants are not gradable
d) Means have alternative uses
Options: 1) a and b
2) b and c
3) a, b and d
4) a, b, c and d
{2} Free goods: Value-in-use :: Economic goods: __________
{3} Divisibility: Smaller denomination:: __________ : Easy to carry from one place to another.
{4} Provision for making payments in future is __________________
{5} Statments that do not apply to Quartiles.
a) First arrange the values in ascending or descending order.
b) Observation can be divided into 4 parts.
c) They are represented as Q, Q, and Q
d) Q2 is also known as median.
Options: 1) a
2) b and c
3)a,b and c
4)None of these
{6} Stages of the theory of demographic transition.
a) High birth rate and high death rate.
b) High birth rate and low death rate.
c) Low birth rate and low death rate.
d) Economic development.
Options: 1) a and b
2) a and c
3) a,b and c
4) a, b, cand d
{7} Difference between birth rate and death rate is ______________ rate.
Q. 2) Identify and explain the economic terms. {Any 3/4} (06 marks)
1) Ram's father utilized his provident fund amount to set up grocery store.
2) In Mumbai city, public transport service is largely affected due to the growing population.
3) Vasantsheth provides coal from his shop to farmers in exchange for foodgrains.
4) For a certain period of time China had adopted the policy of 'One child per family.
Q. 3) State whether you agree or disagree with the statements. {Any 2/3} (08 marks)
1) Money can be sent anywhere through electonic means.
2) Human wants change as per the seasons and preferences.
3) India is experiencing population explosion.
Q. 4) Calculate Q3, P50 and D2 for the following data. (04 marks)
Marks
30
10
20
40
50
No. Of students
13
4
7
8
6
