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ICSE Board Exam 1997 : Economic Applications

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ECONOMIC APPLICATIONS - 1997 (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) Give two characteristic features of land as a factor of production. [4] (b) Explain two factors on which the supply of labour depends. [3] (c) Give two features of a Joint Stock Company. [3] (d) What is meant by 'limited liability'? [3] Question 2 (a) What is meant by an economic holding? [4] (b) State two causes of food shortage in India. [3] (c) Give two reasons for the introduction of a ceiling on land holdings. [3] (d) What is meant by 'Public' and 'Private' Sectors in industry? Name any two industries in [3] t he 'Public' Sector. Question 3 (a) State two advantages of the consolidation of holdings. [4] (b) Give briefly any two sources of finance for large-scale industries. [3] (c) State two features of the industrial structure in India. [3] (d) State two reasons why railways should be protected against road transport. [3] Question 4 (a) Give two important features of sole proprietorship. [4] (b) Give two advantages of indirect taxes. [3] (c) State any two objectives of planning in India. [3] (d) Briefly explain any two functions of the Reserve Bank of India. [3] PART II (48 Marks) Attempt any four questions from this Section. Question 5 (a) Discuss the factors on which capital formation in a country depends. [6] (b) Explain four differences between 'a share' and 'a debenture'. [6] Question 6 (a) Describe four features of a co-operative organisation. [6] (b) Briefly describe four advantages of public enterprises. [6] Question 7 (a) Discuss the importance of agriculture in the Indian economy. [6] (b) Give four measures which will help to solve the food problems in India. [6] Question 8 (a) What important steps have been taken by the Government to promote large-scale industries? [6] (b) Give four suggestions to solve the problems of cottage and small-scale industries. [6] Question 9 (a) What is the importance of irrigation to our economic life? [6] (b) Explain any four advantages of road transport in India. [6] Question 10 (a) Briefly explain the objectives of Fiscal Policy. [6] (b) Describe any four purposes of taxation. [6] Question 11 (a) What is economic planning? Distinguish between the need, objectives and strategies of economic planning. [6] (b) Give four of the main objectives of the Eighth Plan. [6]

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Additional Info : Solved ICSE Board exam paper study guide - ICSE 1997 : ECONOMIC APPLICATIONS - I.C.S.E. Free Online Question Paper
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