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Universal High School Prelim 1 Examination: 2023-2024 Bubject: Eeonomics CLASS: X Time:2 Hr Date: 3/ 10/2023 Marks: 80 You are not allowed to write for the first 15 mirutes. This time is to be spert in reating your question paper. The tirme given at the head of the paper is the time allowed for wrting the arswers, Answer toth s paper rLst be written on the paper provided separaey The intended marks for questions or parts of questions are given in brackets II Attempt all questions from Setion A and four questiorns from Setion B. Section A (40 Marks) Attempt all questions from this Section Question 1 . When a good can be used for var ous purposes, such a good s known as: a. Cornposite demand [16] demand for the b. Direct dernand C. Joint dermand d. Derived demand i . In case of elast city of dernand -0. Demnand curve is a. Horizontal .b. Vert cal c. Rectangular hyperbola d. None of these i , Gold, Siiver, Copper etc. were used as money. Above line is an example of : a. Animal money b. Commnodity money c. Metallic money d. Paper money iy. The debt that has no promised date of repayment by the government is known as: a. Productive debt b. Redeemable debt .c. Irredeernable debt d. External debt
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