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ICSE Prelims 2016 : Economics (Pinewoods International High School, Satara)

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Sanjay Namdeo
Bundelkhand University (BU), Jhansi
MA Economics

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Pinewoods International High School & Junior College Panchgani Sub : Economics Max. Marks : 80 STD : X (ICSE) Timings : [ I Prelim Examination for 2015-16 ] 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 allowed for writing the answers. This Paper is divided into two Sections. 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) 1. Answers the following Questions : [10] a. What is the Barter System? b. Sunk capital and floating capital c. What is meant by price elasticity of demand? d. State two advantages of opening a bank account. e. Write any two characteristics of Land 2. Answers the following question: [10] a. What is Money? Give any two Features of Money. b. What is elastic demand? Name any two commodities whose demand is elastic. c. Give two causes of demand pull inflation. d. State the methods of Brand Promotion. e. Mention two agency functions of a Commercial Bank. 3. Write short answers for the following questions. [10] a. Give two limitations of division of labour. b. State two differences between fixed deposits and saving deposits. c. What is monopoly? Give one example. d. Write the formula of the Elasticity of supply. e. Define Public debt. 4. Answers the following questions : [10] a. Name the four agency functions of commercial banks. b. Distinguish between demand deposits and fixed deposits. c. Explain two methods of accepting deposits by the commercial banks. d. Write any two sources of Public Revenue. e. Give two example of public Expenditure. SECTION B (40 Marks) (10 Marks for each Question) (Attempt any four questions from the section) 5. a. Define a Commercial Bank. How do commercial Banks mobilize deposits from the public? b. Explain advantages of division labour. 6. a. Explain the difficulties of Barter System. b. Define a tax. Explain briefly two merits and two demerits of direct taxes. 7. a. State five differences between the Center Bank and Commercial Bank. b. Define Demand. Explain any four factors affecting the demand for a commodity. 8. a. Distinguish between demand-pull inflation and cost push inflation. b. Point out the main features of consumer Protection Act 1986. 9. a. Explain any two Agency functions of Commercial Bank. b. Explain role of Public Debt in the Indian Economy. 10. a. As a result of 20% rise in price of a commodity, its supply increases by 30%. Calculate elasticity of supply. b. Price elasticity of supply of a commodity is 2. When price falls from Rs. 10 to 8 per unit, its quantity supplied at the reduced price.

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