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ICSE Board Exam 2003 : Economic Applications

5 pages, 30 questions, 5 questions with responses, 5 total responses,

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Indian Certificate of Secondary Education (ICSE), New Delhi

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ECONOMIC APPLICATIONS (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 [ ]. PART I (40 Marks) Attempt all questions from this Section. Question 1 (a) M ention two factors that show the interdependence of agriculture and industry. [2] Contribute Your Answer / Explanation (b) Define an enterprise and give one difference between departmental and non-departmental undertakings. [2] Contribute Your Answer / Explanation (c) State three advantages of large-scale industries. [2] Contribute Your Answer / Explanation (d) Enumerate the factors that led to capital formation in developed countries of the world. Contribute Your Answer / Explanation Question 2 [2] (a) What is meant by Liberalization and Globalization as per the new economic policy of 1991. [2] Contribute Your Answer / Explanation (b) Land is a peculiar factor of production. Explain this statement with the help of any two examples. [2] Contribute Your Answer / Explanation (c) Give three points of distinction between tax on income and tax on commodity. [3] Contribute Your Answer / Explanation (d) Analyse any three problems of iron and steel Industry in India. [3] Contribute Your Answer / Explanation Question 3 (a) What is meant by infrastructure? Differentiate between economic and social Infrastructure. [2] Contribute Your Answer / Explanation (b) Discuss two measures which have been adopted by the government of India to deal with sick textile Industries. [2] Contribute Your Answer / Explanation (c) Examine two factors that determine industrial productivity. [3] Contribute Your Answer / Explanation (d) State three factors which support the need for planning in India. Contribute Your Answer / Explanation [3] Q uestion 4 (a) State two ways by which a worker benefits from his increased efficiency. [2] Contribute Your Answer / Explanation (b) The percentage share of agriculture and allied activities in GDP is declining 'day by day' what does it indicate ? [2] Contribute Your Answer / Explanation (c) State three reasons showing the necessity of an efficient communication system for the development of an economy. [3] Contribute Your Answer / Explanation (d) How does a state contribute to the economic development of the country? [3] Contribute Your Answer / Explanation S ection II (40 Marks) Attempt any four questions from this Section Question 5 (a) Describe the important functions of an entrepreneur. How are his activities, as a factor of production, different from those of an organizer? [5] Contribute Your Answer / Explanation (b) What do you mean by agricultural labour? Discuss four major problems faced by agricultural workers in India. Contribute Your Answer / Explanation Question 6 [5] (a) Discuss any three factors responsible for the sub-division and fragmentation of land and state two measures adopted by the Government to check this division. [5] Contribute Your Answer / Explanation (b) Distinguish between small-scale industries and cottage industries. Why are cottage industries important for the economic growth of a country. [5] Contribute Your Answer / Explanation Question 7 (a) Explain briefly the various monetary measures adopted by the Reserve Bank of India for credit control. [5] Contribute Your Answer / Explanation (b) What is meant by nationalisation of banks? State four factors which led to the nationalisation of banks in India in 1969. [5] Contribute Your Answer / Explanation Question 8 (a) 'Railways are considered a better mode of transporting heavy goods over long distances'. Briefly explain this statement with suitable examples. [5] Contribute Your Answer / Explanation (b) Define Green Revolution. State any four drawbacks of the new agricultural strategy. [5] Contribute Your Answer / Explanation Question 9 (a) Define Private Sector and State how excessive privatisation is harmful for the Indian Economy. [5] Contribute Your Answer / Explanation (b) What is meant by fiscal policy? Naming the tools of fiscal policy, explain three fundamental objectives of fiscal policy in underdeveloped countries. [5] Contribute Your Answer / Explanation Question 10 (a) Explain how a joint-stock company differs from a partnership firm from the point of view of shares, liability of members, existence, management and start of business. [5] Contribute Your Answer / Explanation (b) Name and discuss any two inputs, other than land, in Indian agriculture. [5] Contribute Your Answer / Explanation Question 11 (a) What is meant by a co-operative society? M ention four objectives of a co-operative society. [5] Contribute Your Answer / Explanation (b) What is the purpose of five year plans? State the main objectives and achievements of ninth five year plans. Contribute Your Answer / Explanation [5]

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Additional Info : Solved ICSE Board exam paper study guide - ICSE 2003 : ECONOMIC APPLICATIONS - I.C.S.E. Free Online Question Paper
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