2015
ECONOMICS
Full Marks: 100
Time: 3 hours.
The figures in the margin indicate full marks for the questions
PART A: STATISTICS FOR ECONOMICS
1. Answer the following questions: 1x6=6
a) Who is known as the father of economics? 1
b) Quartiles divide a series into ____ equal parts. (Fill in the blank choosing the correct one from the bracket: (2, 3, 4, 5) 1
c) Define mode. 1
d) What is the range of correlation coefficient? 1
e) Arithmetic mean cannot be determined in open-end class. – Why? 1
f) What is meant by statistical project? 1
2. Give two characteristics of statistics. 2
Or
In what way is statistics helpful in economics?
3. Explain the meaning of primary data clearly. 2
4. Mention any two advantages of diagrams in data presentation. 2
5. From the following numbers calculate median: 2
36, 32, 28, 22, 26, 20, 18
6. What is the relationship between Mean, Median and Mode when a distribution is symmetrical and when it is asymmetrical? 2
7. Name two methods of measuring correlation. 2
8. What are the advantages of sampling method of data collection over the Census method? 4
9. The following observations represent data relating to marks obtained by 20 students in a class-test. From the data prepare a frequency distribution table and draw a histogram without using graph paper. 2+2=4
| 15 | 24 | 09 | 18 | 36 | 44 | 25 | 23 | 45 | 08 |
| 28 | 32 | 31 | 12 | 25 | 45 | 35 | 24 | 16 | 38 |
Or
Represent the following data with the help of frequency polygon:
| Class-interval: | 0 – 20 | 20 – 40 | 40 – 60 | 60 – 80 | 80 – 100 |
| Frequency: | 4 | 6 | 13 | 5 | 2 |
10. What is mean deviation? State two demerits of mean deviation. 2+2=4
Or
The numbers of workers in four separate departments in a factory are 12, 10, 20 and 8. The daily wages for each worker of the four departments are Rs. 60.00, Rs. 80.00, Rs. 90.00 and Rs. 100.00 respectively. Find out mean wage.
State four uses of index number. 4
11. Write about the main steps needed for developing a project. 4
12. What is dispersion? What are its measures? Why standard deviation is called the best measure of dispersion? 1+2+3=6
Or
Find out the value of median and mean deviation from the following data:
| Class Interval: | 20 – 30 | 30 – 40 | 40 – 50 | 50 – 60 | 60 – 70 |
| Frequency: | 25 | 32 | 32 | 8 | 3 |
13. What are the measures of central tendency? Why arithmetic mean is considered as ideal measure? Which measure of central tendency is the most representative? 2+3+1=6
Or
Calculate correlation coefficient with the help of Karl Person’s method from the data given below:
| X : | 6 | 2 | 10 | 4 | 8 |
| Y : | 2 | 8 | 3 | 6 | 1 |
PART – B: INDIAN ECONOMIC DEVELOPMENT
14. Answer the following questions:
a) What is meant by Commercialisation of agriculture? 1
b) Define occupational structure. 1
c) Name a non-institutional source of rural credit in India. 1
d) In which year was the first industrial policy of India announced? 1
e) Name the body which formulates economic plans in India. 1
f) Which sector of the economy contributes highest to GDP in China? 1
15. State two important causes for decay of Indian handicrafts during British rule. 2
16. State two common goals (objectives) of planning in India. 2
17. Why is the development of agriculture essential for the Indian Economy? Give two reasons. 2
18. Point out two failures of economic reforms in India. 2
19. What are the two areas where Pakistan has performed better than India? 2
20. What are the two types of poverty? 2
21. How is organic farming superior to conventional farming? 4
Or
Explain the concept – “agricultural diversification”.
22. What are the four major sources of human capital formation in a country? 4
Or
State four problems of human capital formation in India.
23. Explain briefly – seasonal unemployment and disguised unemployment. 2+2=4
24. Write the meaning of infrastructure. What are the two types of infrastructure? 2+2=4
Or
What are the necessary conditions for sustainable development?
25. Make a comparison between Indian and China as regards with population size, density of population, birth rate and literacy rate. 4
26. Explain briefly the factors responsible for introduction of economic reforms in India. 6
Or
What is privatization? Give three arguments for and two arguments against privatization in Indian context.
27. What is agricultural marketing? Briefly explain the defects of agricultural marketing in India. 1+5=6
Or
Briefly explain the causes responsible for poverty in India.
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