ECONOMICS
BALAJI K
Economics
CHAPTER – INTRODUCTION TO STATISTICS
(IMPORTANT QUESTIONS)
I. Choose and write the correct answer
1. Economics is the study of mankind in life
of .
(a) the ordinary business (b) the weekly
business
(c) special business (d)
extraordinary
Ans. Business
(a) the ordinary business
2. Scarcity is the root of
(a)all economic problems (b) political problems
(c) social problems (d) All problems
Ans. (a) all economic problems
3. Alternative uses of resources give rise to the problem of
.
(a)Rights
(b) Price
(c) choice
(d) chance
Ans. (c) choice
II. Fill in the blanks.
1. Data, numbers, and equations are being used in .
Ans. statistics
III. Answer the following in a word or sentence:
1. What is Statistics?
Ans. In the plural sense "Statistics refers to numerical facts systematically
collected".
IV. Answer the following Questions in about four Sentences:
1. Mention any two Scarcities in your daily life.
V. Answer the following Questions in about Twelve Sentences:
1. Statistical methods are no substitute for common sense. Comment with examples
from your daily life.
CHAPTER - COLLECTION OF DATA
(IMPORTANT QUESTIONS)
I. Fill in the blanks.
1. In India census is carried out once in years.
Ans. statistics
II. Match the following:
A B
(a) Pilot Survey Pre-testing of
questionnaire
(b) Personal interview More expensive
(c) Census Covers every
individual
III. Answer the following in a word or sentence:
1. Expand NSSO.
Ans. National Sample Survey Office.
2. Give the meaning of Sampling Error.
Ans. Sampling Errors refer to the differences between the sample estimate
and the actual value of characteristics of the population..
IV. Answer the following Questions in about four Sentences:
1. Mention the two Sources of Data.
2. Name the two methods of Selecting Samples in Random
Sampling?
V. Answer the following Questions in about Twelve Sentences:
1. Briefly explain Sampling Errors.
2. Do sample survey provide better results than census? Give reasons for your answer
3. Write briefly about the Census and NSSO.
4. Does the lottery method always give you a Random Sample? Explain
CHAPTER – INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
(IMPORTANT QUESTIONS)
I. Choose and write the correct answer
1. In India census is carried out once in
(a)5 years
(b) 10 years
(c) 1 year
(d) 2 years
Ans. (b) 10 years
2. Railway transport was introduced in India in the Year
(a)1835 (b) 1776
(c) 1850 (d)
1853
Ans. (c) 1850
3. During British rule, more than half of India's foreign trade was
restricted to
(a)Britain
(b) Iran
(c) China
(d) Sri-Lanka
Ans. (a) Britain
II. Fill in the blanks.
1. is the year of the second stage of demographic transition
of India.
Ans. 1921
III. Answer the following Questions in about four Sentences:
1. What are the infrastructure facilities developed during colonial
rule?
2. What were the main causes of India's agricultural stagnation during the colonial
period?
3. List out the important export goods of India before
Independence.
IV. Answer the following Questions in about Twelve Sentences:
1. The traditional handicraft industries were ruined under British rule. Justify this
statement.
2. Indicate the volume and direction of trade at the time of Independence.
3. What do you understand about the 'Drain of Indian Wealth' during the colonial
period?
CHAPTER – INDIAN ECONOMY 1950 - 1990
(IMPORTANT QUESTIONS)
I. Choose and write the correct answer
1. Which is not the goal of five year plans
(a) Growth (b)
Modernization
(c) Self-efficiency (d) Self-
reliance
Ans. (c) Self-efficiency
II. Fill in the blanks.
1. Chairperson of planning commission .
Ans. Prime Minister
2. Small Scale Industries use more than large scale
industries
Ans. labour
III. Match the following:
A B
(a)Prime Minister Chairperson of the Planning
Commission
(b) Quota Quantity of goods that can
be imported
(c) Subsidy The monetary assistance
given by government for production
IV. Answer the following Questions in about four Sentences:
1. What are the goals of five-year plans?
V. Answer the following Questions in about Twelve Sentences:
1. Give the meaning and the importance of Small-Scale Industries.
VI. Answer the following questions in twenty sentences each:
1. Write a short note on the Green Revolution.
2. Briefly explain the goals of Five-Year Plans.
3. Briefly explain the goals of Five-Year Plans.
