ECONOMICS

SECTION-A
1. Which of the following is a characteristic of a developed economy?

A) Low per capita income

B) High per capita income

C) High population growth rate

D) Low literacy rate

2. What is the primary sector of the Indian economy?

A) Agriculture

B) Manufacturing

C) Services

D) Construction

3. What is the main source of credit for farmers in rural India?

A) Banks

B) Moneylenders

C) Cooperatives

D) Self-Help Groups

4. What is globalization?

A) The integration of domestic economies with the global economy

B) The separation of domestic economies from the global economy

C) The growth of domestic industries

D) The decline of international trade

5. Which of the following is a benefit of globalization?

A) Increased competition

B) Job losses
C) Improved productivity

D) Reduced economic growth

6. What is the tertiary sector of the Indian economy?

A) Agriculture

B) Manufacturing

C) Services

D) Construction

7. What is the difference between GDP and GNP?

A) GDP includes only domestic production, while GNP includes both domestic and foreign
production

B) GDP includes both domestic and foreign production, while GNP includes only domestic
production

C) GDP is calculated annually, while GNP is calculated quarterly

D) GDP is calculated quarterly, while GNP is calculated annually

8. Which of the following is a consequence of the Green Revolution in India?

A) Increased food production

B) Decreased food production

C) Increased poverty

D) Decreased poverty

9. What is the role of the Reserve Bank of India in the Indian economy?

A) To regulate the money supply

B) To set interest rates

C) To manage foreign exchange

D) All of the above

10. Which of the following is a characteristic of a developing economy?

A) High per capita income

B) Low per capita income

D) Low population growth rate

11. What is the impact of globalization on Indian industries?

A) Increased competition

B) Reduced competition

C) Improved productivity

D) Reduced productivity

12. Which of the following is a benefit of foreign investment in India?

A) Increased employment opportunities

B) Improved technology

C) Increased competition

D) All of the above

13. What is the difference between microcredit and macrocredit?

A) Microcredit is for small loans, while macrocredit is for large loans

B) Microcredit is for large loans, while macrocredit is for small loans

C) Microcredit is for rural areas, while macrocredit is for urban areas

D) Microcredit is for urban areas, while macrocredit is for rural areas

14. Which of the following is a consequence of the liberalization of the Indian economy?

A) Increased economic growth

B) Decreased economic growth

C) Increased poverty

D) Decreased poverty

15. What is the role of the government in promoting economic development in India?

A) To provide infrastructure

B) To promote foreign investment

C) To provide subsidies
D) All of the above

16. Which of the following is a characteristic of the informal sector in India?

A) Low productivity

B) High productivity

C) Formal employment

D) Informal employment

17. What is the impact of globalization on Indian agriculture?

A) Increased competition

B) Reduced competition

C) Improved productivity

D) Reduced productivity

18. Which of the following is a benefit of the WTO agreement for India?

A) Increased access to foreign markets

B) Improved trade relations with other countries

C) Increased economic growth

D) All of the above

19. What is the difference between economic growth and economic development?

A) Economic growth refers to an increase in GDP, while economic development refers to an

B) Economic growth refers to an improvement in the quality of life, while economic

C) Economic growth refers to a decrease in poverty, while economic development refers to

D) Economic growth refers to an increase in poverty, while economic development refers to

A) Increased poverty in urban areas

B) Decreased poverty in urban areas

C) Increased economic growth in urban areas

D) Decreased economic growth in urban areas

SECTION-B

1. What is the main difference between economic growth and economic development?
Explain. (2 marks)

2. Describe the primary sector of the Indian economy. What are its main characteristics? (2
marks)

3. What is the role of the tertiary sector in the Indian economy? Explain with an example. (2
marks)

4. What is the main function of credit in the economy? Explain how it helps in the
development of an economy. (2 marks)

5. What is globalization? How has it affected the Indian economy? Explain. (2 marks)

SECTION-C

1. What are the main indicators of development? Explain how they help in comparing the
development of different countries. (3 marks)

2. Describe the main features of the secondary sector of the Indian economy. How has it
contributed to the growth of the Indian economy? (3 marks)

3. What is the role of formal sources of credit in the Indian economy? Explain how they help
in promoting economic development. (3 marks)
4. How do informal sources of credit, such as moneylenders, affect the rural economy in
India? Explain. (3 marks)

5. What are the benefits of globalization for the Indian economy? Explain how it has helped
in promoting economic growth and development. (3 marks)

SECTION-D

1. Explain the concept of human development and its importance in measuring the
development of a country. Describe the main components of the Human Development
Index (HDI). (5 marks)

2. Describe the main characteristics of the tertiary sector of the Indian economy. Explain its
contribution to the growth of the Indian economy and its impact on employment
opportunities. (5 marks)

3. What is the role of the Reserve Bank of India (RBI) in regulating the money supply and
credit in the Indian economy? Explain its functions and how it helps in promoting economic
development. (5 marks)

4. Explain the concept of microfinance and its importance in providing credit to the poor
and marginalized sections of society. Describe the main features of the Self-Help Group
(SHG) movement in India. (5 marks)

5. What are the benefits and drawbacks of globalization for the Indian economy? Explain
how it has affected Indian industries, employment opportunities, and the overall growth of
the economy. (5 mark

SECTION-E
1. Case Study:

The state of Kerala in India has achieved high levels of human development despite having
a low per capita income.

(i) What are the factors that have contributed to Kerala's high human development?

(ii) How has Kerala's emphasis on education and healthcare impacted its economic
development?
(iii) What lessons can other states in India learn from Kerala's experience?(4 marks)

2. Case Study:

The Indian IT industry has experienced rapid growth over the past two decades, with many
Indian companies becoming major players in the global market.

(i) What factors have contributed to the growth of the Indian IT industry?

(ii) How has the growth of the IT industry impacted India's economic development?

(iii) What are the challenges faced by the Indian IT industry in the global market?

(iv) How can the Indian IT industry sustain its growth in the future?(4 marks)

3. Case Study:

Self-Help Groups (SHGs) have become an important source of microfinance for rural
women in India.

(i) How do SHGs provide microfinance to rural women?

(ii) What are the benefits and challenges of SHGs for rural women?(4 marks)

4. Case Study:

The Indian government has implemented several programs to provide credit to small and
marginal farmers.

(i) What are the main programs implemented by the government to provide credit to
farmers?

(ii) How have these programs impacted the livelihoods of farmers?

(iii) What are the challenges faced by farmers in accessing credit?

(iv) How can the government improve its programs to provide credit to farmers?(4 marks)

5. Case Study:

The growth of the service sector has contributed significantly to India's economic growth.

(i) What are the main components of the service sector in India?

(ii) How has the growth of the service sector impacted India's economic development?

(iii) What are the challenges faced by the service sector in India?(4 marks)