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State with reason, whether you agree or disagree with the following statement:
There are many theoretical difficulties in the measurement of national income.
Concept: Difficulties in the Measurement of National Income
Give an economic term:
Wear and tear of capital assets due to their use in the process of production.
Concept: Different Concepts of National Income
Find the odd word out:
Quantitative Tools of credit control:
Concept: Structure of Money Market in India > Organized Sector >> Reserve Bank of India (RBI)
Distinguish between:
Demand deposit and Time deposit
Concept: Structure of Money Market in India > Organized Sector >> Commercial Banks
Identify and explain the concept from the given illustration:
India purchased petroleum from Iran.
Concept: Types of Foreign Trade
Prepare a summary of the extract given in Q. 2 (A). Give it a suitable title. You may use the following points :
Luxurious houses in nature – fear of wild animals – leopards enjoy human habitation – provide food
Concept: Summary Writing
Do as directed:
Rewrite the following sentence by inserting the appropriate articles wherever necessary :
I read interesting story from Mahabharata.
Concept: Articles - A, An, The
Prepare a summary of the extract given in Q. 2 (A). Give it a suitable title. You may use the following points :
Luxurious houses in nature – fear of wild animals – leopards enjoy human habitation – provide food
Concept: Summary Writing
Read the extract and complete the activities given below :
Luxurious houses on the edge of a big city which one promoter sold with the tagline ‘‘Where Nature peeps through every window.’’ All the advantages of a modern lifestyle but with the added bonus of fresh air. But nature isn’t greenery alone; it also includes wild animals.
While the view from the picture windows was easy on the eye, occasionally, it made them gulp with nervousness. At dusk, wild cats leaped out of the adjoining forest on to the top of the peripheral walls and strolled nonchalantly. Sometimes, they lounged on ledges with their long tails swinging freely, oblivious of the many worried human eyes pinned on them. Their cold yellow aggressive eyes turned black as their pupils dilated with failing light.
Some Mumbaikars paid a lot of money to see leopards on safari in Africa. But to watch them from one’s own home was disconcerting. These predators were out of line, stepping off nature into the city. Why did the leopards not stay within the 100-square kilometre Sanjay Gandhi National Park? Perhaps, the leopards thought that if people could venture into nature to jog, walk and picnic, why couldn’t they hang around apartment blocks? If people could enjoy nature, couldn’t nature savour humanity’s offerings?
Capturing leopards is extraordinarily simple. These curious cats seem incapable of resisting a free meal, walking into baited traps without hesitation. The reason the felines are attracted to their residential community is prey : stray dogs that live on rubbish heaps. Taking care of the food source is the best course of action, the volunteers said.
A1. Rewrite the following sentences as per their occurrence in the extract :
- Instead of capturing leopards we can take care of their food.
- Leopards leave their habitat and enter the human habitat.
- Modern lifestyle and nature both attract the dwellers.
- Leopards can enjoy human surroundings by leaving nature.
A2. Complete the following sentences :
- Nature is a combination of ______ and ______
- The best of both the worlds include ______ and ______
- The wild animals are out of line as ______
- The wild cats are attracted towards residential areas because ______
A3. Find out the words for leopards used in the extract :
- ____________
- ____________
- ____________
- ____________
A4. ‘‘If people could venture into nature to jog, walk, and picnic, why couldn’t the wild animals hang around apartment blocks?’’ Express your opinion.
A5. Rewrite the following sentences in the ways instructed :
- Taking care of the food source is the best course of action.
(Use infinitive form of the underlined word and rewrite.) -
Nature isn’t greenery alone; it also includes wild animals.
(Rewrite it by using ‘not only ... but also’.)
A6. Find a word for each of the following expressions from the extract :
- Enjoy the taste of something
- Embarrassing and confusing to watch
- Not conscious or aware of something or someone
- Relaxed and in an unworried manner
Concept: Unseen Passage Comprehension
Examine whether the following statement pattern is a tautology, a contradiction or a contingency.
(p ∧ ~ q) → (~ p ∧ ~ q)
Concept: Statement Patterns and Logical Equivalence
Write the converse, inverse, and contrapositive of the following statement.
"If it snows, then they do not drive the car"
Concept: Statement Patterns and Logical Equivalence
The consumption expenditure Ec of a person with the income x. is given by Ec = 0.0006x2 + 0.003x. Find MPC, MPS, APC and APS when the income x = 200.
Concept: Increasing and Decreasing Functions
For manufacturing x units, labour cost is 150 – 54x and processing cost is x2. Price of each unit is p = 10800 – 4x2. Find the value of x for which Total cost is decreasing.
Concept: Increasing and Decreasing Functions
For manufacturing x units, labour cost is 150 – 54x and processing cost is x2. Price of each unit is p = 10800 – 4x2. Find the values of x for which Revenue is increasing.
Concept: Increasing and Decreasing Functions
Find MPC, MPS, APC and APS, if the expenditure Ec of a person with income I is given as Ec = (0.0003) I2 + (0.075) I ; When I = 1000.
Concept: Application of Derivatives to Economics
Choose the correct alternative:
`int (x + 2)/(2x^2 + 6x + 5) "d"x = "p"int (4x + 6)/(2x^2 + 6x + 5) "d"x + 1/2 int 1/(2x^2 + 6x + 5)"d"x`, then p = ?
Concept: Methods of Integration: Integration Using Partial Fractions
Find the area of the region bounded by the parabola y2 = 4x and the line x = 3.
Concept: Area Under Simple Curves
If the population of a town increases at a rate proportional to the population at that time. If the population increases from 40 thousand to 60 thousand in 40 years, what will be the population in another 20 years? `("Given" sqrt(3/2) = 1.2247)`
Concept: Application of Differential Equations
Obtain the differential equation by eliminating arbitrary constants from the following equation:
y = Ae3x + Be–3x
Concept: Formation of Differential Equation by Eliminating Arbitary Constant
The following table shows the production of gasoline in U.S.A. for the years 1962 to 1976.
| Year | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 |
| Production (million barrels) |
0 | 0 | 1 | 1 | 2 | 3 | 4 | 5 |
| Year | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | |
| Production (million barrels) |
6 | 7 | 8 | 9 | 8 | 9 | 10 |
- Obtain trend values for the above data using 5-yearly moving averages.
- Plot the original time series and trend values obtained above on the same graph.
Concept: Measurement of Secular Trend
