Kerala Plus One Economics Board Model Paper 2022 with Answers

Teachers recommend solving Kerala Syllabus Plus One Economics Previous Year Question Papers and Answers Pdf Board Model Paper 2022 to improve time management during exams.

Kerala Plus One Economics Board Model Paper 2022 with Answers

Time: 2½ Hours
Maximum Score: 80
Cool-off time: 15 minutes

Part – I

A. Answer any 10 questions from 1 to 12. Each carries 1 Score. (10 × 1 = 10)

Question 1.
Who among the following economists is associated with the estimation of National Income in British India?
(a) V.K.R.V. Rao
(b) Amarthya Sen
(c) Mahalanobis
(d) C.Rangarajan
Answer:
(a) V.K.R.V. Rao

Question 2.
Which of the given factor is considered as human capital?
(a) Machinery
(b) Equipment
(c) Trained Labourers
(d) Computers and Electronics
Answer:
(c) Trained Labourers

Question 3.
Integration of the domestic economy with the world economy is known as
(a) Privatisation
(b) Globalisation
(c) Liberalisation
(d) Nationalisation
Answer:
(b) Globalisation

Question 4.
Which method is used for the estimation of population in India?
(a) Census method
(b) Sampling method
(c) Random sampling method
(d) Lottery method
Answer:
(a) Census method

Question 5.
Which of the following is a measure of central tendency?
(a) Standard deviation
(b) Mean deviation
(c) Arithmetic mean
(d) Co-efficient of variance
Answer:
(c) Arithmetic mean

Question 6.
Which of the given systems is not included in the Indian System of Medicine (ISM)?
(a) Homoeopathy
(b) Naturopathy
(c) Ayurveda
(d) Allopathy
Answer:
(d) Allopathy

Question 7.
Which of the following is not a function of the Environment?
(a) Supplies resources
(b) Degradation of land
(c) Sustains life
(d) Provides aesthetic services
Answer:
(b) Degradation of land

Question 8.
The cultivation of land collectively by people in China is known as
(a) Five-Year Plan
(b) Commune System
(c) Green Revolution
(d) Great Leap Forward
Answer:
(b) Commune System

Question 9.
Who discussed the concept of the poverty line for the first time in Pre-Independent India?
(a) William Shiras
(b) Jawaharlal Nehru
(c) Dadabai Naoroji
(d) Dr. Manmohan Singh
Answer:
(c) Dadabai Naoroji

Question 10.
When two related variables are moving in the same direction, the correlation between the variables is known as
(a) Positive correlation
(b) Negative correlation
(c) No correlation
(d) None of these
Answer:
(a) Positive correlation

Question 11.
The index number for the base period is always taken as
(a) 0
(b) 1
(c) 100
(d) 10
Answer:
(c) 100

Question 12.
Variables that can take any numerical value is
(a) Discrete variables
(b) Qualitative variables
(c) Nominal variables
(d) Continuous variables
Answer:
(d) Continuous variables

Answer any 6 questions from 13 to 21. Each carries 2 scores. (6 × 2 = 6)

Question 13.
List the financial institutions India approached to manage the economic crisis before the implementation of the New Economic Policy in 1991.
Answer:
IMF, IBRD (World Bank)

Question 14.
Over the summer journey, Mr. Rambo finds the fuel prices of six States vary as given below:
102, 104, 98, 95, 100, 108
Calculate the range of fuel prices over the States.
Answer:
Range = H – L
= 108 – 95
= 13

Question 15.
List any two goals of Indian Five Year Plans.
Answer:

• Growth
• Modernization

Question 16.
List any two areas, which need special focus as a part of rural development in India.
Answer:

• Agricultural Credit
• Agricultural Marketing

Question 17.
Identify chronological classification and spatial classification from the following:
(a) Number of Covid patients in different states of India.
(b) Population of India from 1951 to 2011.
Answer:
(a) Spatial Classification
(b) Chronological Classification

Question 18.
List any two features of a questionnaire used for data collection.
Answer:

• It should be simple.
• It should not be too long.

Question 19.
Write the economic terms for the given below statements:
(a) Index number that measures the average change in retail price.
(b) Index number that indicates the change in general price level.
Answer:
(a) Consumer Price Index
(b) Wholesale Price Index

Question 20.
List any 4 steps towards making a project.
Answer:

• Identifying the problem
• Selection of Target group
• Collection of data
• Organization and presentation of data collected.

Question 21.
Write any two sources of data on unemployment in India.
Answer:
Census of India, Employment and unemployment report by National Sample Survey Organisation.

Answer any 5 questions from 22 to 28. Each carries 3 scores. (5 × 3 = 15)

Question 22.
Write a short note on ’Green Revolution’.
Answer:
The Green Revolution brought major changes in Indian agriculture. It includes

• Use of HYV seeds
• Extended irrigation facilities
• Use of chemical fertilizers and pesticides
• Use of machines like tractors

Question 23.
Distinguish between the formal sector and informal sector of the workforce with suitable examples.
Answer:
In formal sector the employee gets more benefits and rights like fixed working hours, fixed wage, job protection, etc. But informal sector doesn’t offer such benefits.

Question 24.
Mention any 3 advantages of the personal interview method of data collection.
Answer:

• The response rate is high.
• Allows all types of questions.
• Reactions can be watched.

Question 25.
State the term of the following:
(a) A person who buys and uses goods to satisfy wants.
(b) A person who sells goods to make a profit.
(c) A person who employs somebody by giving them a wage.
Answer:
(a) Consumer
(b) Seller
(c) Organiser or Employer

Question 26.
Expenditure schedule of a first line Covid centre in Kerala is given below. Show the expenditure in a Pie diagram.

Item	Expenditure in Percentage
Ventilators	18%
PPE Kits	30%
Pulse Oximeter	12%
Gloves	10%
Miscellaneous	30%

Answer:

Question 27.
Calculate quartile deviation for the following data:
20, 22, 24, 25, 26, 28, 32, 38, 39, 46, 48
Answer:

Question 28.
Construct an Index number for the given data by using the simple aggregative method, considering 2010 as a base.

Commodity	Price per unit
	2010	2015
A	80	95
B	50	60
C	90	100
D	30	45

Answer:

Answer any 3 questions from 29 to 33. Each carries 4 scores. (3 × 4 = 12)

Question 29.
Explain the measures that are initiated by the Govt of India to improve the agricultural marketing system in rural areas.
Answer:
India implemented certain measures to improve the agriculture marketing system. Some of the important measures are given below.

• Regulation of the market to create orderly and transparent marketing conditions.
• Provision of physical infrastructure facilities.
• Cooperative marketing.
• Introduction of minimum support price.
• Creation of buffer stock.

Question 30.
Analyze the various strategies adopted by the Republic of China in their developmental path.
Answer:
China adopted some measures to achieve its development goals. They are as follows:

• A responsibility system was introduced in farming instead of a commune system.
• Private initiative and private enterprise were encouraged.
• State-owned enterprises were made to face competition.
• Foreign investment was allowed and encouraged. This policy attracted multinational corporations to China.
• Special economic zones were set up to attract FDI.

Question 31.
Analyze the state of infrastructural development in India under British rule.
Answer:
The real beginning of modem infrastructure development in India done by the British rule. But they had selfish interest behind this. i.e. to develop their trade facilities, mobilise their army. The following infrastructure were develop during British period.

• Railway
• Ports
• Posts and Telegraphs
• Water Transport

Question 32.
Following are the marks obtained by 30 students in economics in a class test. Construct a frequency distribution table with a class interval equal to 10.

Answer:

Class	Frequency
0 – 10	3
10 – 20	6
20 – 30	2
30 – 40	6
40 – 50	3
50 – 60	3
60 – 70	2
70 – 80	3
80 – 90	2
	Σf = 30

Question 33.
Draw scatter diagrams representing the following:
(a) Positive Correlation
(b) Negative Correlation
(c) Perfect Positive Correlation
(d) Perfect Negative Correlation
Answer:
A scatter diagram is a simple but useful technique for visually examining the type of relationship between two variables.
(a) Positive Correlation

When the plotted points show a rising trend from the lower left-hand corner to the upper right-hand corner and if they are very closely held together, this type of association is known as positive correlation.

(b) Negative Correlation

Here the plotted points show a falling trend from the upper level-hand corner to the lower right-hand corner.

(c) Perfect Positive Correlation

Here the plotted points lie on a straight line rising from the lower left-hand corner to the upper right-hand corner.

(d) Perfect Negative Correlation

Here the points lie on a straight line falling from the upper left-hand corner to the lower right-hand corner.

Answer any 3 questions from 34 to 38. Each carries 5 scores. (3 × 5 = 15)

Question 34.
Calculate the standard deviation and coefficient of variation for the following frequency distribution table:

Marks	Number of Students
20	8
24	7
30	10
35	12
38	6
40	3

Answer:

Question 35.
Analyze the industrial sector reforms and tax reforms implemented as a part of liberalization measures in 1991.
Answer:
Industrial sector reforms include the following measures.

1. Delicensing: Only a few industries like alcohol, cigarettes, hazardous chemicals, industrial explosives, drugs and pharmaceuticals need licensing. Others have been delicensed.
2. Dereservation: The number of industries reserved for the public sector has been drastically reduced. Only defense equipment, atomic energy, and railways are reserved for the public sector.
3. Dereservation and goods for the small-scale sector: The number of goods reserved for the small-scale sector was reduced.
4. Amendment of MRTP and FERA: The MRTP Act and FERA were amended to facilitate private investment.
5. Tax Reforms: Tax reforms were introduced as a part of liberalization and economic reform. Important tax reforms are the following.
   • Reduction in Personal Income Tax
   • Reduction in Corporation Tax
   • Reduction in Excise Duty
   • Reduction in Customs Duty

Question 36.
Explain the sources of Human Capital Formation.
Answer:
Human Capital formation is an important process in any nation in the world, without which development is almost impossible. India tries to attain this through the following ways.
1. Education:
An educated population is a very important part of development. So education should be given top priority because of the following reasons.

• Raises the quality of life
• Enhances productivity
• Raises social status
• It leads to innovation

2. Health:
A healthy population contributes much to the development of a nation. So all nations in the world give much importance to health care. It includes

• Preventive medicines
• Curative medicines
• Social medicine
• Provision of clean drinking water
• Provision for sanitation facilities

3. On Job Training:
Provision of on job training will help to enhance individual ability and it would increase the productivity of a person.

4. Migration:
Migration is an important way through which people can earn more and be familiar with novel ideas and concepts. Migration and its benefit are visible India which plays a crucial role in Kerala.

5. Information:
Proper information about education, employ-ment, healthcare are vey important. Expenditure on such information is regarded as investment in human capital.

Question 37.
Analyze the challenges that the power sector in India is facing.
Answer:
The power sector in India faces many challenges. They are given below.

• Insufficient power generation compared to the requirement.
• Low installed capacity, and underutilization of plants.
• State electricity boards are running with loss. In this sense they are inefficient.
• Distribution and transmission losses, subsidies, and power theft are huge.
• Thermal power plants face a shortage of coal. Nuclear power plants face a shortage of raw material Uranium.

Question 38.
Draw less than Ogive and more than Ogive from the given below data:

Daily Wage	Number of Persons
0 – 50	7
50 – 100	10
100 – 150	20
150 – 200	13
200 – 250	12
250 – 300	19
300 – 350	14
350 – 400	9

Answer:

Answer any 2 questions from 39 to 41. Each carries 8 scores. (2 × 8 = 16)

Question 39.
(a) List the causes of poverty in India.
(b) Analyse the policies introduced by the government for alleviating poverty in India.
Answer:
(a) Poverty is a major challenge faced by India. Poverty has many dimensions. The main causes of poverty in India are the following.

• Low income
• Lack of asset
• Unemployment
• Inequalities
• Isolation and powerlessness
• Vulnerability
• Low economic growth
• Population explosion
• Backward agriculture and low levels of industrialization
• Inflation

(b) Poverty is a major challenge faced by the Indian economy. To reduce poverty government has implemented certain measures. It includes

• Self-employment and Wage Employment Programmes
• Food Security Programmes
• Social Security Programmes

Question 40.
(a) What do you mean by sustainable development?
(b) What strategies can be adopted to achieve sustainable development?
Answer:
(a) Sustainable development is environment friendly development that sustains itself. It does not degrade the environment and damage the prospects for future generations.
(b) Strategies for sustainable development show a focus on the prevention of environmental degradation by limiting the demands on environmental resources. This strategy includes the use of non-conventional sources of energy adoption of traditional knowledge and practices, organic farming, etc.

(a) Use of Non-Conventional Sources of Energy:
This would reduce the damage to the environment due to the excessive use of conventional energy sources. This strategy includes

• Use of LPG, Gobar gas in rural areas
• Use of CNG in urban area
• Use of wind energy
• Use of solar energy
• Constructing mini hydel projects

(b) Traditional Knowledge and Practices:
This would help us to reduce the use of hazardous chemical substances. Through this we can minimise the environmental damage.
eg: Herbs can be used in the preparation of soaps, shampoos, and creams.

(c) Organic Farming:
This farming method is eco-friendly. Following this farming method would help to improve the quality of the environment.

(d) Biopest Control:
Through this, we can avoid the use of hazardous chemical pesticides.
Adoption of all these above-mentioned things would help us to attain the goal of sustainable development.

Question 41.
Calculate the mean and median for the following data:

Marks	Number of Persons
10 – 20	4
20 – 30	7
30 – 40	16
40 – 50	20
50 – 60	15
60 – 70	8

Answer:

Mean = \(\frac{\sum \mathrm{fx}}{\mathrm{~N}}=\frac{3040}{70}\) = 43.43
Median = \(l+\frac{\frac{N}{2}-c f}{f} \times C\)
l = lower limit of median class
Median class = \(\frac{N}{2}\)th item = \(\frac{70}{2}\) = 35
35 corresponds to cumulative frequency 47.
The class corresponding to 47 is 40 – 50, so it is the median class, we can select 40 as ‘l’.
cf is 27, frequency (f) = 20
Class interval (c) = 10
Just put the values in above mentioned equation.
Median = \(l+\frac{\frac{N}{2}-c f}{f} \times C\)
= 40 + \(\frac{35-27}{20} \times 10\)
= 40 + \(\frac{8}{20}\) × 10
= 40 + 4
= 44