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ICSE Board Exam 2001 : Economic Applications

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ECONOMIC APPLICATIONS - 2001 (Two Hours) Answers to this Paper must be written on the paper provided separately. You will not be allowed to write during the first 15 minutes. This time is to be spent in reading the question paper. The time given at the head of this Paper is the time allowed for writing the answers. Attempt all questions from Part I and any four questions from Part II. The intended marks for questions or parts of questions are given in brackets [ ]. PAPER I (40 Marks) Attempt all questions from this Section. Question 1 (a) How is the supply of labour different from the supply of other goods? [3] (b) What is bank-rate? How does it influence the total money supply? [4] (c) M ention three salient features of Joint Stock Companies. [3] Question 2 (a) "Deficit financing should only be used as a last resort." Comment. [3] (b) What is a Public Corporation? How does it differ from a Departmental Organization? [4] (c) What is meant by the economic infrastructure of an economy? M ention its principal components. [3] Question 3 (a) List four important reasons for the unbalanced growth of industries in India. [4] (b) "Industrial development depends to a very large extent on the progress that we make in the field of agriculture." Explain. [3] (c) Give two important measures adopted by the government to assist cottage and small scale industries. [3] Question 4 (a) What is a plan holiday? Give the years of a plan holiday. [4] (b) Give three reasons for the slow rate of capital formation in India. [3] (c) "Entrepreneurship is not labour even though there are human factors associated with the same business." Explain. [3] PART II (40 Marks) Attempt any four questions forn this Section. Question 5 (a) What is industrialization? Explain the need for industrialization in India. [6] (b) State four factors which determine the efficiency of labour. [4] Question 6 (a) Review critically the Industrial Policy Resolution of 1956. [6] (b) "Give four reasons for the failure of the new agricultural strategy in India." [4] Question 7 (a) Enumerate the programmes included in the reorganization of agriculture. [4] (b) "Co-operative organisations are good in theory but a failure in practice." Elucidate this statement. [4] Question 8 (a) Discuss how the Central Bank is useful to society and the Government? [6] (b) Write a short note on the tele-communication system in India. [4] Question 9 (a) Account for the increasing importance of State undertakings in modern times. [6] (b) Enumerate the political and economic objectives of planning in India. [4] Question 10 (a) Discuss the role played by the joint sector in our country's industrial development. [6] (b) "Agriculture is the backbone of Indian economy." Discuss. [4]

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Additional Info : Solved ICSE Board exam paper study guide - ICSE 2001 : ECONOMIC APPLICATIONS - I.C.S.E. Free Online Question Paper
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