ECONOMICS CH 1

Q1. Read the data given below and answer the question.
Educational Achievement of Rural Population of Uttar Pradesh
Category Male Female
Literacy rate for rural population 76% 54%
Literacy rate for rural children in age group 10-14 years 90% 87%
Percentage of rural children aged 10-14 attending school 85% 82%
As per the data given above who has the least percentage of literacy rate in rural population?
a. Male b. Children c. Male& Female d. Female

Q2. Based on the information given in the table, which of the following statements is LIKELY to be
correct?
(a) In scenarios 1 and 2, the secondary sector will need the least workers.
(b) In scenario 2, India will become a major services-based economy.
(c) The primary sector in scenario 2 will be the highest contributor to the GDP of the country.
(d) In scenarios 1 and 3, maximum employment opportunities will be created in the secondary sector.

Q3. Read the given data and answer the following question.

COUNTR Gross National Life Expectancy Mean Years of HDI Rank in the
Y Income (GNI) per at birth (2017) Schooling of world
capita People aged 25
(2011 PPP $) (2018) and above
(2017)

Sri Lanka 11,326 75.5 10.9 76

India 6,353 68.8 6.4 130
Myanmar 5,567 66.7 4.9 148
Pakistan 5,331 66.6 5.2 150
Nepal 2,471 70.6 4.9 149
Bangladesh 3,677 72.8 5.8 136
Source: Human Development Report, 2018, United Nations Development Programme, NewYork.
Identify the country that MOST PROBABLY has a well-developed healthcare system but lesser
average education than India.
A. Sri Lanka B. Myanmar C. Pakistan D. Nepal

Q4. Look at the image given below

Which of the following goals of development should be
prioritised in this region?
A. reducing income disparities
B. combatting climate change
C. ending gender violence
D. ensuring caste equality
Q5. Rina, a 28-year-old woman from a marginalized community, is uneducated but adept at making
traditional handicrafts. Her family toils hard to afford two square meals every day.
Accordingly, which development objective would be the MOST crucial for improving Rina's and her
kin's well-being?
(a) increasing access to clean energy in Rina's community
(b) reducing the impact of climate change on Rina's community
(c) creating more training opportunities for Rina and other artisans
(d) ensuring that Rina has the same rights and opportunities as men in her community

Q6. Read the data given below and answer the question.
State Infant mortality rate per 1000 Literacy rate%
live births (2018) (2017-18)
Haryana 30 82
Kerala 7 94
As per the data given above, why has Kerala a low infant mortality rate?
a. lt has adequate provision of basic health and educational facilities.
b. It has adequate provision of basic health and cultural facilities.
c. It has adequate provision of basic social and educational facilities.
d. It has adequate provision of basic health and technical facilities.

Q7. Under MGNREGA 2005, all those who are able to, and are in need of, work in rural areas are
guaranteed 100 days of employment in a year by the government. If the government fails in its duty
to provide employment, it will give unemployment allowances to the people. Identify the right.
a) Right to work b) Right to Freedom
c) Right to livelihood d) Right against Exploitation

Q8. Shazia's teacher asked her a question, to which she answered, "MGNREGA 2005". What could have
been the teacher's question?
A. Name the act that was devised to implement the Right to Work
B. Name the act that was devised to implement the Right to Equality.
C. Name the act that was devised to implement the Right to Freedom.
D. Name the act that was devised to implement the Right to Education.

Q9. Under the sustainable development goals, social equality with regards to access to resources is one of
the most pressing challenges. Accordingly, which of the following crises is related to the statement
above?
A. damage to infrastructure due to floods B. scarcity of clean water for consumption
C. damage to crops caused by heavy rains D. combating water borne diseases in rural India

Q10. Identify the main aim of the Rio de Janeiro Earth Summit 1992
a) Protection of Environment and socio-economic development.
b) Protection of Environment and cultural development
c) Protection of water and socio-economic development
d) Protection of Earth and socio-economic development.

Q11. The table given below highlights the percentage of workers in the three sectors of the economy in
India. The data for the year 2023 has actual figures while the data for 2040 is hypothetical based on
the published figures of the year 2023. Any of the three hypothetical scenarios could be possible in
the. year 2040. Study the table carefully and answer the questions that follow.
 Year Primary Secondary Tertiary
2023 44% 25% 31%
(Source: Statista)
2040 20% 45% 35%
(Hypothetical Scenario: 1)
2040 60% 20% 20%
(Hypothetical Scenario: 2)
2040 15% 40% 45%
(Hypothetical Scenario: 3)
With all other factors remaining the same, which of the following scenarios would have the biggest
impact on India's global leadership in the future?
(a) only Hypothetical Scenario 1 (b) only Hypothetical Scenario 2
(c) either Hypothetical Scenario 1 or 2 (d) either Hypothetical Scenario 1 or 3

Q12. A worker in an urban area, who was working in a small factory, was not paid his wages properly, he
was forced to work extra hours under poor working conditions, there was no job security, recently he
lost his job and was found selling electrical items in a pushcart. Analyse the role of the government
in protecting the workers working in an Unorganized sector.

Q13. Pawan, a village head wanted to create more job opportunities to increase the income of the people
of his village under MNREGA act, suggest any three activities, so that Mr Pawan could initiate in his
village.

Q14. Consumer Affairs raids Malda markets to check malpractices; Complaints were received that soft
drinks were being sold at a higher price.
Source (edited): Millennium Post
(i) Which consumer right was being violated in the above instance of soft drinks being sold at a
higher price?
(ii) Which consumer right was LIKELY invoked in response to the complaints?

Q15. Mr. Y from a city in India visits a rural area and finds five people working in a small agricultural
farm. More than two people are not required to work in the farm and removing the other three will
not affect
production. How can one solve this problem of underemployment in rural areas?

Q16. Sunil and Raman did their graduation from the same college. Sunil got employed in an unorganised
sector and was unhappy whereas Raman got employed in an organised sector and was happy. Why
do you think so? Write any 3 points of difference between the two sectors.

Q17. "Every state or region has potential for increasing the income and employment for people in that
area." Justify the statement with three relevant points.

Q18. Read the passage given below and answer the questions followed:
Population trends and dynamics can have an enormous effect on prospects for poverty reduction and
sustainable development. Poverty is influenced by - and influences - population dynamics, including
population growth, age structure, and rural-urban distribution. All of this has a critical impact on a
country's development prospects and prospects for raising living standards for the poor. Investments
in better health, including reproductive health, are essential for individual security and for reducing
mortality and morbidity (the condition of suffering from a disease or medical condition), which in
turn improve a country's productivity and development prospects.
Source: UNFPA
 (i) How does investing in improved healthcare infrastructure contribute to the reduction of
preventable diseases and chronic conditions?
(ii) Explain the relationship between population trends and poverty reduction.
(iii) 'Poverty is influenced by - and influences - population dynamics, including population
growth, age structure, and rural-urban distribution. Analyse the statement and highlight the
mutual relationship between poverty and population.

Q19. Read the source given below and answer the questions that follow:
Besides seeking more income, one way or the other, people also seek things like equal treatment,
freedom, security, and respect for others. They resent discrimination. All these are important goals. In
fact, in some cases, these may be more important than more income or more consumption because
material goods are not all that you need to live. Money, or material things that one can buy with it, is
one factor on which our life depends. But the quality of our life also depends on non-material things
mentioned above. If it is not obvious to you, then just think of the role of your friends in your life.
You may desire their friendship. Similarly, there are many things that are not easily measured but
they mean a lot to our lives. These are often ignored. However, it will be wrong to conclude that
what cannot be measured is not important. Consider another example. If you get a job in a far off
place, before accepting it you would try to consider many factors, apart from income, such as
facilities for your family, working atmosphere, or opportunity to learn. In another case, a job may
give you less pay but may offer regular employment that enhances your sense of security. Another
job, however, may offer high pay but no job security and also leave no time for your family. This will
reduce your sense of security and freedom,
Q1. Do you think an enhanced income is the only goal of one's life? Substantiate your answer
with any two examples.
Q2. Which factors would you consider before you accept a job?

Q20. Read the source given below and answer the questions that follow:
For comparing countries, their income is considered to be one of the most important attributes.
Countries with higher income are more developed than others with less income. This is based on the
understanding that more income means more of all things that human beings need. Whatever people
like, and should have, they will be able to get with greater income. So, greater income itself is
considered to be one important goal, Now, what is the income of a country? Intuitively , the income
of the country is the income of all the residents of the country. This gives us the total income of the
country. However, for comparison between countries, total income is not such an useful measure.
Since, countries have different populations, comparing total income will not tell us what an average
person is likely to earn. Are people in one country better off than others in a different country?
Hence, we compare the average income which is the total income of the country divided by its total
population. The average income is also called per capita income. In World Development Reports,
brought out by the World Bank, this criterion is used in classifying countries. Countries with per
capita income of US$ 49,300 per annum and above in 2019, are called high income or rich countries
and those with per capita income of US$ 2500 or less are called low-income countries. The rich
countries, excluding countries of Middle East and certain other small countries are generally called
developed countries.
Q1. Explain the significance of per capita Income.
Q2. What are the classifications of countries based on per capita income, and which entity is
responsible for determining these classifications?"
 ECONOMICS CH2
Q1. Which of the following steps would guarantee the welfare of the employees in the organised sector?
P: payment of equal remuneration to men and women at the workplace
Q: protection of the employment of women during the time of maternity
R: prohibition of child marriage and providing relief to victims
S: payment of a one-time bonus to all retired employees
OPTIONS:
A. only P and S B. only P, R and S C. only P, Q and S D. all-P, Q, R and
S

Q2. If there is a disruption by transporters and lorries refuse to transport vegetables, milk, etc. from rural
areas to urban areas, food will become scarce in urban areas, whereas farmers will be unable to sell
their products.
Which of the following sectors will be affected due to this situation stated above?
a. Primary and Secondary b. Secondary and Tertiary
c. Tertiary, Primary and Secondary d. Tertiary and Primary.
Q3. Over the forty years between 1973-74 and 2013-14, while production in all the three sectors has
increased, it has increased the most in the tertiary sector. As a result, in the year 2013-14, the tertiary
sector has emerged as the largest producing sector in India replacing the primary sector. Why do you
think tertiary sector is becoming so popular in India? Substantiate your answer giving any 3 reasons.

Q4. Why is the existence of a public sector necessary in any economy?

Q5. 'The organised working class owes respect to the first men who planted the standard of labour
solidarity on the hostile frontier of the unorganised industry.' Analyse the above statement to
highlight the rights that the organised industry enjoys now due to the solidarity shown by the labour
groups earlier.

Q6. Which sector, organised or unorganised, is preferable for employment? Explain.

Q7. "Agriculture gives boost to the industrial sector. Justify the statement with any three relevant points.

Q8. Compare Tables "A" & "B" and answer the question given below.
Table- A
Share of Sectors in GDP in %
Year Tertiary Secondary Primary
1973-74 50 10 40
2013-14 68 21 11
Table-B
Share of sectors in employment in %
Year Tertiary Secondary Primary
1977-78 18 11 71
2017-18 31 25 44
A remarkable fact about India is that while there has been a change in the share of the three sectors in
GDP, a similar shift has not taken place in employment. Why didn't a similar shift out of primary
sector happen in case of employment? Substantiate your answer.

Q9. Tertiary sector activities help in the development of Primary and Secondary sectors. Substantiate
your answer.
 ECONOMICS CH3
Q1. Which of the following would DEFINITELY offer him a fair interest rate and flexible terms of
credit?
A. village moneylender B. cooperative society
C. commercial bank D. rich landowner

Q2. There are two statements given below, marked as Assertion (A) and Reason (R).
Read the statements and choose the correct option.
Assertion (A): Self-Help Groups are instrumental in promoting economic democracy.
Reasoning (R): They contribute to a more equitable distribution of economic power and
opportunities.
(a) A is true but R is false. (b) A is false but R is true.
(c) Both A and R are true and R explains A.
(d) Both A and R are true but R does not explain A

Q3. Mr.Y needs a loan for buying fertilisers to enhance crop production. He borrows loan from a bank as
it is
i) Cheap and affordable since rate of interest is lower ii) free from falling into a debt
trap
iii) going to ask him to sell his property iv) free of interest
Option
A. Only i B. iii and iv C. i and ii D. Only ii

Q4. Consider the statements given below and choose the correct answer
Statement I The SHGs help borrowers overcome the problem of lack of collateral.
Statement II They can get timely loans for a variety of purposes and at a high interest rate.
A. Statement I is correct and Statement II is false.
B. Statement I is false and Statement II is correct.
C. Both Statements are incorrect
D. Both Statements are correct

Q5. Rahul has a sack of cotton but he is in need of wheat and Anush has a sack of wheat and is in need of
cotton, under this situation both will be able to exchange their goods. In case of absence of such
coincidence of wants, they may not exchange their goods.
Which one of the following would be the best option that describes the mutual exchange of goods
and eliminate the exchange of goods?
A. Double coincidence of want, Exchanging commodity for commodity.
B. Double Coincidence of want, Credit on Commodity
C. Double coincidence of want, Loan on commodity.
D. Double coincidence of want, Money

Q6. Money by providing the crucial intermediate step eliminates the need for double coincidence of
wants.
Justify the statement.
Q7. Miss X wants to start a terracotta artefacts store in her village. She wants to supplement her income
to raise the standard of living of her family. How can banks and cooperatives help her and helping
such people will lead to overall development of the country?

Q8. 'Business is all about solving people's problems- at a profit. Explain how banks function like a
business with respect to the ab ove statement.

Q9. 'A bank is a place that will lend you money if you can prove that you do not need it.' Justify the
above statement in relation to the banks' requirements to ensure the security of the funds they lend.

Q10. Rehman is a poor agricultural labour and needs a loan for cultivation on his small piece of land.
Which of the following would DEFINITELY offer him a fair interest rate and flexible terms of
credit?
(a) Village moneylender (b) cooperative society (c) commercial banks (d) rich landlords

Q11. A farmer has borrowed money from a money lender at a high rate of interests as he could not pay the
interest, he was forced to borrow from another landlord to settle the amount for the interest borrowed
to the money lender. State the consequences he may face in this situation.

Q12. "Self -help groups eliminate poverty and empowers women". Substantiate with suitable answer.

Q13. Describe circumstances that drive individuals to seek loans from informal sources of credit.

Q14. State the potential negative economic implications that would arise in an economy in the absence of
the concept of credit.

ECONOMICS CH 4
Q1. Consider the statements given below and choose the correct answer.
Statement I In Globalisation besides the movements of goods, services investments and
technology, there is one more way in which the countries can be connected.
Statement II Countries can be connected through the movement of people between countries.
A. Statement I is correct and Statement II is false.
B. Statement I is false and Statement II is correct.
C. Both Statements are incorrect
D. Both Statements are correct

Q2. Identify the reason as to why MNC's would like to collaborate with India in producing goods.
Choose from the appropriate statements among the following options:
i. India has highly skilled engineers who can understand the technical aspects of production.
ii. lt also has educated English speaking youth who can provide customer care services. This
means 50-60 percent cost savings for the MNC.
iii. It's the cheapest manufacturing location.
iv. lt's close to the markets in the US and Europe.
Options:
a. Statements i and ii are appropriate. b. Statements i, ii and iii are appropriate
c. All the statements are appropriate d. Only statement iv is appropriate

Q3. Which of the following is NOT an example of the process of globalisation?

A. Google's headquarters being in California with multiple offices across the world
 B. airways being the largest public sector undertaking employer in India
C. McDonalds introducing Mc Aloo Tikki specially for the Indian menu
D. Spanish family having masala dosas for their weekend breakfast.

Q4. A multinational company (MNC) is a corporate organization that owns and controls production in
more than one country. Accordingly, which of following countries has the BEST potential for an
MNC to be set up?
A. Country W has a rich culture and ample biodiversity.
B. Country X provides loans to foreign companies easily at high interest rates
C. Country Y has an educated workforce ready to work for affordable remuneration.
D. Country Z has a rule which allows people from a specific religion to conduct business
freely.
Q5. When many countries of Europe came together to form the European Union, was chosen as its
headquarters.
(a) Brussels (b) Paris (c) London (d) Zurich

Q6. The process of integration between different countries is called as ___________

a. Privatization b. Globalization c. Liberalization d. Competition

Q7. Evaluate the impacts of opening foreign trade on the global economy by identifying the appropriate
statements among the following options:
i. The choice of goods in the markets increase.
ii. Producers from two countries closely compete against each other despite the distance
between their locations.
iii. foreign trade thus results in connecting the markets or integration of markets in different
countries.
iv. The quality of the product is always good.
Options:
a. Statements i and ii are appropriate. b. Statements i, ii and iii are appropriate.
c. All the statements are appropriate. d. Only statement iv is appropriate.

Q8. Which of the following policy decisions by the central government could potentially serve as a trade
barrier?
(a) strengthening export subsidies (b) simplifying customs procedures
(c) implementing higher tariffs on imports (d) promoting fairer trade practices globally

Q9. Globalisation is the increasing interconnectedness of the world through the flow of goods, services,
capital, ideas, and people. Which of the following examples represents globalisation?
(a) Indian an online government advertising portal for goods sold by local vendors run by the
Indian government.
(b) an IKEA store in Bengaluru selling products manufactured in China
(c) a traditional Vietnamese market selling handicrafts in Hanoi
(d) a Sunday market selling groceries produced locally.