Joy & Campion Public Sr. Sec.

School
Half Yearly Exam (2017-18)
Class - 11th
Time: 3 hrs. Subject: MM:100
SECTION-A

OBJECTIVE TYPE QUESTIONS

Q.1 Choose the correct alternatives from the given options:

1. Causes of deficit demand:

a) Increase in supply of money
b) Increase in public expenditure
c) Decrease in public expenditure
d) Decrease in aggregate demand
2. The best budget is:
a) Surplus budget
b) Deficit budget
c) Balance budget
d) Economic budget
3. Uniform commodity is the features of:
a) Perfect competition
b) Imperfect competition
c) Monopolistic competition
d) Oligopoly
4. The correct economic position of an individual can be measured by:
a) Money wages
b) Existing post held by him
c) Number of working hours
d) Real wages
5. Commercial tax is imposed by:
a) Municipal corporation
b) Gram panchayat
c) Central government
d) State government
Q.2 Fill in the blanks:

1. Micro and Macro economics are _________ to each other.

2. The statistical figures of budget is close to _______.

3. In barter system, it is essential that the __________ are limited.

4. Rate in interest can never be __________.

5. Tax is _________ contribution which is made to the government.

Q.3 Answer the following is True or False:

1. Central bank is the bankers bank.

2. In budget government loan is mentioned.

3. Market price is imaginary.

4. Public finance is not a branch of finance.

5. Index number are called economic barometer.

Q.4 Write the answer in one word each of the following:

1. What is the primary function of money?

2. Why is exchange control policy adopted?

3. Sales tax and entertainment tax are the example of which tax?

4. Name the iron and steel industry in private sector?

5. Agriculture, forestry, mining, and fishing come under which sector?

Q.5 Match the following columns:

A B
1. Deal in money and credit a) Secondary data
2. Aims of budgets b) Quasi rent
3. Balance of Payment c) Bank
4. Received due to scarcity in short period d) Economic development
5. Already collected data e) Visible and non-visible items
 SECTION- B

VERY SHORT ANSWER TYPE QUESTIONS

Q.6 Write the meaning of money and give a definition?

Q.7 What do you mean by budget? Write a definition.

Q.8 Is gift and donation are exchange? Explain.

Q.9 What do you mean by distribution?

Q.10 What is the difference between questionnaire and schedule? (Write any two)

SHORT ANSWER TYPE QUESTION

Q.11 Write four importance of micro economics?

Q.12 Describe briefly Says law of market.

Q.13 Write briefly the process of preparation of budget?

Q.14 Write the difference between balance of payment and balance of trade.

Q.15 What do you mean by foreign exchange rate? Write any three differences
between fixed and floating exchange rate of exchange.

Q.16 Write two merits and two demerits of large scale and small scale industry?

Q.17 What do you mean by stock and flow? Write three differences between stock
and flow.

Q.18 Write the difference between classical theory and Keynesian theory of
employment?

Q.19 Write the classification of market on the basis of time element?

Q.20 Explain the Recordian theory of rent with the help of diagram.

Q.21 Describe the importance of tea production in modern age.

Q.22 What do you mean by national income and per capita income? Write any three
differences between national income and per capita income.
LONG ANWER TYPE QUESTION
Q.23 Write the difference between direct tax and indirect tax.

Q.24 Calculate Mode from the following data:

Size: 0-10 10-20 20-30 30-40 40-50 50-60

F: 24 30 38 42 32 20