Friday, June 12, 2020

NIOS Solved Papers: Economics (214) - April' 2015

Economics Solved Papers
APRIL 2015
1. Which one of the following s a basic want?
a)         Car.                             
b)         Book.         
c)          Shelter.
d)         Pen.
Ans.:- (c) Shelter.
2. Capacity to produce can be increased:
a)         By producing more capital goods.
b)         By using better technology.
c)          By making proper arrangements for training of workers.
d)         All of the above.
Ans.:- (d) All of the above.
3. Income of labourer is
a)         Wages.      
b)         Interest.   
c)          Rent.                          
d)         Profit.
Ans.:- (a) Wages.

4. Inflation means
a)         Rise in price of a commodity.
b)         An increase in price of goods and services which is sustained for a long time.
c)          Fall in price of a commodity.
d)         A fall in prices of goods and services which is sustained for a long time.
Ans.:- (a) Rise in price of a commodity.
5. An important characteristic of resources is
a)         Resources are scarce and they can be put to alternative uses.
b)         Resources have specific use.
c)          Resources are unlimited.
d)         None of the above.
Ans.:- (a) Resources are scarce and they can be put to alternative uses.

6. Which one of the following statements is not correct?
a)         Planning is a way of organizing and utilizing country’s resources.
b)         Prof. P.C. Mahalanobis was the real architect of second five year plan.
c)          Planning is a technique in which a central planning authority seeks to definite objectives and    targets without a specified period of time.
d)         Soon after the independence, planning based on Russian experience was introduced in India.
Ans.:- (b) Prof. P.C. Mahalanobis was the real architect of second five year plan.
7. Which one of the following statements is not correct?
a)         Evaporation cleans the polluted water in rivers, seas and oceans.
b)         The long term use of resources has to be sustainable to avoid their future scarcity.
c)          Exhaustible resources are saved for the future use when the renewable resources substitute them in their present use.
d)         The renewable resources do not regenerate automatically.
Ans.:- (d) The renewable resources do not regenerate automatically.
8. Noise pollution can cause:
a)         Tuberculosis.                          
b)         Deafness.
c)          Cholera.                                    
d)         Dysentry.
Ans.:- (b) Deafness
9. Why is it important that man should learn to limit his wants?                               2
Ans.:- The Indian philosophy has always been to limit our wants so that we fell satisfied in life. This helps us to lead a happy life as we do not have to suffer any unhappiness due to unfulfilled wants.
10. What is meant by partnership?                                          2
Ans.:- Production units are owned by two or more persons. Maximum number is 20. Owners of such production units are called partners of the company.






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