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VIBGYOR HIGH First Preliminary Examination AY 2020-2021 ECONOMICS Grade: X Max. Marks : 80 Date : 11/12/2020 Time Allowed: 2 hour 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 Section A and any four questions from Section B. The intended marks for the questions or parts of questions are given in the brackets [ ]. Section A (40 Marks) Attempt all the questions from this Section. Q1 a What is meant by composite demand? Give an example. [2] b Give two differences between creeping inflation and hyperinflation. [2] c Define public finance. [2] d How direct tax helps to remove income inequality in a society? [2] e What is meant by capital is the result of past savings ? [2] 1
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