Sunday, December 29, 2019

NIOS Solved Papers: Economics (318) - April' 2018


NIOS SOLVED PAPERS
APRIL’ 2018
ECONOMICS (318)
                                                                                                                                                 
                                                                This question paper consists of 32 questions and 11 printed pages.
                                                          (318)
Day and Date of Examination ..................................................................................
Signature of Invigilators 1. ............................................................................................
2. ............................................................................................
Gen eral In struc tions :
1. Candidate must write his/her Roll Number on the first page of the Question
Paper.
2. Please check the Question Paper to verify that the total pages and total number
of questions contained in the Question Paper are the same as those printed on
the top of the first page. Also check to see that the questions are in sequential
order.
3. Making any identification mark in the Answer-Book or writing Roll Number
anywhere other than the specified places will lead to disqualification of the
candidate.
4. Write your Question Paper Code No. 56/HIS/2, Set u on the Answer-Book.
5. (a) The Question Paper is in English/Hindi medium only. However, if you wish,
you can answer in any one of the languages listed below :
English, Hindi, Urdu, Punjabi, Bengali, Tamil, Malayalam, Kannada,
Telugu, Marathi, Oriya, Gujarati, Konkani, Manipuri, Assamese, Nepali,
Kashmiri,  Sanskrit and Sindhi.
You are required to indicate the language you have chosen to answer in the
box provided in the Answer-Book.
(b) If you choose to write the answer in the language other than Hindi and
English, the responsibility for any errors/mistakes in understanding the
questions will be yours only.
Roll No.
                                               
(318)
Time : 3 Hours ] [ Max i mum Marks : 100
Note : (i) All questions are compulsory.
(ii) Marks allotted to each question are indicated against it.
(iii) Each question from Question Nos. 1 to 10 has four alternatives—(A), (B),
(C) and (D), out of which one is most appropriate. Select the correct
answer among the four alternatives and write it in your answer-book
against the number of the question. No extra time is allotted for
attempting multiple-choice questions.




1. The coefficient of correlation ranges between
(A) 0 and 1
(B) –1 and +1
(C) – infinity and + infinity
(D) 1 and 100 1
2. Expansion of demand leads to
(A) downward movement along the same demand curve
(B) upward movement along the same demand curve
(C) rightward shift of the demand curve
(D) leftwardshift of the demand curve 1
3. Average variable cost of producing 2 units of a good is R 20 and that of
producing 3 units is R 19. Marginal cost when 3 units are produced is
(A) R 17 (B) R 18
(C) R 19 (D) R 20 1
4. An individual is both the owner and the manager of a shop taken on rent.
Imputed value of salary of the manager is
(A) normal profit (B) vari able cost
(C) im plicit cost (D) ex plicit cost 1
5. Computers installed in an office are
(A) con sump tion goods (B) in ter me di ate goods
(C) non-du ra ble goods (D) fi nal goods 1
6. National income is greater than domestic income, when
(A) net fac tor in come from abroad is zero
(B) net fac tor in come from abroad is positive
(C) net fac tor in come from abroad is negative
(D) the econ omy is a closed econ omy 1
7. Value added is a measure of contribution of
(A) a resident (B) a pro duc tion unit
(C) an entrepreneur (D) a worker 1
8. Income in an economy increases from R 1,000 crores to R 2,000 crores and
as a result consumption expenditure increases from R 800 crores to R 1,600
crores. The value of MPC is
(A) 1 (B) 2
(C) 0·8 (D) 0·2 1
318/HIS/110A 5 [ P.T.O.
9. On a diagram, the distance between the point of origin and the point on
Y-axis from which the consumption curve starts is a measure of
(A) saving (B) income
(C) fixed consumption (D) dis pos able income 1
10. Investment multiplier is equal to
(A)DDYI
(B) 1
1 - MPC
(C) 1
MPS
(D) All of the above 1

11. Using step deviation method, calculate arithmetic mean from the data give
below :                                                                                                                                                3
Age (in years) 20–30 30–40 40–50 50–60
No. of Employees 20 30 40 10
Solution:-
Age
No. of Employees
(f)
Mid-value
(m)
d= m-A
A=35
D’= d/i
i=10
fd’
20-30
30-40
40-50
50-60
20
30
40
10
25
35
45
55
-10
0
10
20
-1
0
1
2
-20
0
40
20
                                      = 100                                                                                                                 = 40

Mean = A +    X i
                           
                = 35 + 40   X 10
                           100
                = 35 +4
                = 39

12. What is meant by positive and normative economics? Give one example of



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