Friday, June 12, 2020

NIOS Solved Papers: Economics (214) - April' 2014

Economics Solved Papers
APRIL 2014
1. Which of the following is a normative statement?
a)         Indian Economy is a mixed economy
b)         The number of poor people in India is very large.
c)          Poor people are facing difficulty due to rise in price of essential commodities.
d)         Government should give more importance to education.
Ans.:- (d) Government should give more importance to education.
2. Freedom of enterprise is the feature of:
a)         Capitalist economy.
b)         Social economy.
c)          Mixed economy.
d)         None of the above.
Ans.:- (a) Capitalist economy.
3. Reduction in inequality is the feature of :
a)         Capitalist economy.
b)         Social economy.
c)          Mixed economy.
d)         None of the above.
Ans.:- (c) Mixed economy.

4. In a co-operative society the minimum number of shareholders is :
a)         50.                               
b)         40.                               
c)          10.                               
d)         60.
Ans.:- (c) 10.
5. A production unit owned by a single individual is known as:
a)         Sole proprietorship.
b)         A partnership.
c)          A Government production unit.
d)         None of the above.
Ans.:- (a) Sole proprietorship.
6. Token price is the price fixed by the government which is:
a)         Charged from rich persons.
b)         Higher than per unit cost of production.
c)          Equal to the per unit cost of production.
d)         Must below the per unit cost of production.
Ans.:- (d) Must below the per unit cost of production.
7. Which one of the following is a variable?
a)         Beauty.     
b)         Honesty.   
c)          Height.      
d)         Intelligence.
Ans.:- (c) Height               .
8. Typhoid is the harmful effect of
a)         Air pollution.
b)         Water pollution.
c)          Noise pollution.
d)         None of the above.
Ans.:- (b) Water pollution.
9. What is the Indian philosophy of wants?                                         2
Ans.:- As we all know our wants are unlimited but our resources to satisfy these wants are limited. Hence if we keep our wants as unlimited and growing, we will not be able to satisfy all of them with our limited resources.
10. Scarcity and Choice go together. Explain.                                      2
Ans.:- Scarcity of resources having alternative uses compels every individual and society to make choices in the use of resources in order to obtain maximum satisfaction. Clearly choice arises because of scarcity. Thus scarcity and choice go together.





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