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ICSE Class X Prelims 2021 : Economics (Goldcrest High, Vashi, Navi Mumbai)

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Kangana Jhawar
Goldcrest High, Vashi, Navi Mumbai

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GOLDCREST HIGH, VASHI COMPREHENSIVE ASSESSMENT [2020 --- 2021] Grade: 10 Date: 01/02/2021 Sub: Economics MM : 80 Time: 2 Hours ______________________________________________________________________________ GENERAL INSTRUCTIONS All questions to be answered on the answer sheets. On the First page of your Answer Script, write your Name, Class/Sec, Roll No and Total number of pages used. Also write your Name, Class/Sec, Roll No and Page number on each page. After completing the Answers, click the picture of your answer script and convert it to PDF. Rename the PDF File with your Name_Class Sec_Roll No_Subject Upload the PDF in your Google Classroom. In case of any difficulty in uploading, inform your Class Teacher/ Invigilator within the uploading time. Total no: of questions in the question paper: 10 Total no: of pages for the question paper: 3 SECTION - A(40 Marks) Answer 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 Section A and any four questions from Section B. The intended marks for questions or parts of questions are given in brackets [ ]. _____________________________________________________________________ SECTION A (40 Marks) Attempt all questions from this Section Question 1 (a) Explain the term Productivity of Land . (b) Explain Labour cannot be separated from labourer . (c) State two characteristics of Land. [2] [2] [2] PTO 1 (d) State the advantages of Division of Labour to Consumers. (e) State two differences between Normal goods and Inferior goods. [2] [2] Question 2 (a) Explain the concept of Derived Demand. (b) Explain Goals of the Firms as a determinant of supply. (c) State two differences between Limited & Unlimited legal tender. (d) Explain Lack of common measure of value as one of the difficulties of Barter system. (e) What do you understand by Primary deposits ? [2] [2] [2] [2] [2] Question 3 (a) State two differences between Demand deposits & Fixed deposits. (b) State two differences between Central bank & Commercial banks. (c) Explain the meaning of the term Demonetisation. (d) Explain the meaning of the term Public Finance. (e) State any two objectives of GST. [2] [2] [2] [2] [2] Question 4 (a) State two differences between Revenue expenditure & Capital Expenditure. (b) State two differences between Redeemable & Irredeemable debts. (c) State two duties of a consumer. (d) Explain Agmark & ECOMARK. (e) What is meant by the Public distribution system? [2] [2] [2] [2] [2] SECTION B (40 Marks) Attempt any four questions from this Section Question 5 a) Explain five differences between Product & Process- based division of labour. b) Define Capital. Explain its characteristics. [5] [5] Question 6 a) Explain the determinants of Individual Demand. b) Define Money. Explain the Primary & Secondary functions of money. [5] [5] PTO 2 Question 7 a) Explain the role of Central Bank as banker to the government. b) Explain the merits of Direct Taxes. [5] [5] Question 8 a) Define Inflation. Explain the different types of Inflation. b) Explain the different forms of Consumer s exploitation. [5] [5] Question 9 a) What are the different rights of a consumer? [5] b) Explain Internal Debt, Voluntary Debt, Progressive Tax, Proportional Tax & Funded Debt. [5] Question 10 a) State the objectives of Demonetisation. b) Explain Overdraft, Bank money, Cash credit, Public revenue, COPRA. ______________________x_________________________x______________________ 3 [5] [5]

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