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Give economic term:
Conscious and deliberate choice of economic priorities by some public authority.
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Identify and explain the concept from the given illustration:
sayali’s mother maintains a book of accounts for household purpose and plans the expenditure accordingly.
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Identify and explain the concept from the given illustration:
To solve classroom related issues, the teacher forms a group of student, this group discusses the problem and find a solution to it.
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Answer the following question:
Explain the features of Economic Planning
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Read the following passage and answer the questions given below:
The Finance Minister of the Central Government presents the Union Budget before the Parliament during the month of February every year. The budget, also referred to as the annual financial statement reflects the estimated receipts and expenditure of the government for a particular financial year that begins on the 1st of April and ends on 31st March. Changes in the tax structure are suggested in the budget. Besides this, provisions are also made for allocating expenditure on defence, education, research, and development, etc. The date for presenting the budget has been shifted to the 1st of February every year. This enables the generation of funds well in advance prior to the commencement of the financial year.
1) Where is the Union Budget usually presented?
2) What all aspects are considered while preparing the budget?
3) Why is the date for presenting the budget shifted to the 1st of February?
4) Explain the term 'budget'.
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Give the correct option:
Statements related to partition values that are correct.
- Exact divisions of percentiles into 100 parts gives 99 points
- Deciles have total 9 parts
- Quartiles are shown by Q1, Q2 and Q3
- symbolically, percentiles and Deciles are shown by P and D
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Choose the correct pair:
| Group A | Group B |
| 1) Quartiles | a) Dj = size of j`((n + 1)/10) ^"th Observation"` |
| 2) Deciles | b) `"P"_k = l +(((kn)/100 – cf)/f) xx "h"` |
| 3) Percentiles | c) `"Q"_i = l +((("in")/4 – cf)/f) xx "h"` |
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Give the economic term:
Procedure for dividing the data into equal parts.
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State with reasons whether you agree or disagree with the following statement:
Partition values have application only in theory but not in practice.
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State with reasons whether you agree or disagree with the following statement:
Average can misinterpret the representative value.
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Solve the following:
Calculate Q1, D4, and P26 for the following data.
| 18, 24, 45, 29, 4, 7, 28, 49, 16, 26, 25, 12, 10, 9, 8 |
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Solve the following :
Calculate of Q3, D5, and P35 for the given data
| Income (in lakhs ₹) | 1 | 2 | 3 | 4 | 5 | 6 | |
| No. of family | 2 | 5 | 20 | 25 | 15 | 12 | |
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Rural credit system assumes importance because ______.
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Complete the following statement:
Productive loans are economically justified because___________
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Complete the following statement:
Small farmers are unable to access rural credit provided by banks due to _________.
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Choose the wrong pair :
| column A | column B |
| Rural occupational structure | Activity |
| Agricultural sector | Banking and Insurance |
| Industrial sector | Processing of raw material |
| Service sector | Computer-related service |
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Assertion (A): Indian economy is pre-dominantly rural economy.
Reasoning (R): As per 2011 census, the country’s rural population is almost 83.25 crore (68.8% of the total population)
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Assertion and Reasoning – choose the correct answer from the following :
Assertion (A): Non-institutional finance forms an important part of rural credit.
Reasoning (R): Small farmers are unable to access bank credit because of borrowers' unfriendly products.
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Identify and explain the concept from the given illustration:
Kusumtai knowingly set up her business enterprise in the rural area so that people living there could be gainfully employed.
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Read the following passage carefully and answer the questions given below :
Rural development is one of the thrust areas of administration. As Mahatma Gandhi rightly said, “India lives in villages and the development of the nation cannot be achieved without the development of the villages”. The need of the hour is the convergence of all development interventions, at the grassroots level which can be possible through effective governance at the village level. The movement towards the decentralization of the National and State governments through the Panchayati Raj system needs to be strengthened through lessons learned from the successful stories of ‘Model villages’ around India. Though India is progressing in the right direction in reducing education inequalities and increasing literacy levels, there is still a lot that needs to be done. An understanding of social issues is important for effective planning and policy development. Self-governance ensures that Indian citizens, even the previously marginalized, can participate in decision-making.
1) Explain in short Mahatma Gandhi’s views on rural development.
2) Highlight the role of the government in achieving rural development.
3) What measures have been suggested to achieve rural development?
4) Express your idea of a ‘Model Village’.
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