ICSE Economics Question Paper

SECTION -A
Attempt all questions.
(Answers should be brief and to the point).
Q 1 (a) What are the chief methods of lending available to commercial banks?
Q 1 (b) Give two characteristics of the Green Revolution.
Q 1 (c) Define the role of capital in production.
Q 1 (d) Mention two features of a mixed economy.
Q 2 (a) Distinguish between Simple and Complex Division of Labour.
Q 2 (b) Explain how division of labour is limited by the extent of the market.
Q 2 (c) How does rapid growth of population aggravate the food problem ?
Q 2 (d) Mention two causes for the low productivity of Indian agriculture.
Q 3 (a) State the factors which determine the creation of savings in a country.
Q 3 (b) Mention two factors which determine the supply of labour in a country.
Q 3 (c) State any two drawbacks of State enterprises.
Q 3 (d) Give two features of sole proprietorship.
Q 4 (a) Differentiate between Sunk Capital and Floating Capital.
Q 4 (b) Give two factors that show the importance of agriculture for industrial development.
Q 4 (c) Mention two advantages of a bank account.
Q 4 (d) Examine any two major problems of the Jute Industry in India.

SECTION - B
Answer any four questions from this Section.
Q 5 (a) What is the meaning of “land” in economic terms ? Discuss any four peculiarities of land as a factor of production.
Q 5(b) Discuss the importance of Small Scale Industries and Cottage Industries in the Indian economy.
Q 6 (a) Explain briefly the meaning of efficiency of labor and state four factors which determine the efficiency of labor.
Q 6 (b) What is meant by “agriculture labor” ? Give four reasons for the rapid growth of agricultural labor in India.
Q 7 (a) Describe the quantitative method of credit control adopted by the central bank to control credit.
Q 7 (b) What are the co-operative societies? Explain the three different ways in which is co-operative are organized in India.
Q 8 (a) How is a Joint Stock Company formed ? In what four respects does a Joint Stock Company differ from a Partnership?
Q 8 (b) Discuss two objectives of land reform and give a brief account of tenancy reforms in India.
Q 9 (a) What is meant by subdivision and fragmentation of holdings ? Describe any four causes for the subdivision and fragmentation of land holdings .
Q 9 (b) Examine any four reasons for the importance of good transport in a growing in economy like that of India .
Q 10 (a) What is Economic Planning ? Explain the reasons for the three Annual Plans of 1966-’68, 1968-’69.
Q 10 (b) Discuss any four functions of the Government in economic development.
Q 11 (a) Discuss any four reasons to show that rapid industrialisation of our country is essential
Q 11 (b) What is fiscal policy ? How can fiscal policy be used for economic development .