MODEL PAPER 5 — Economics STD 12 Commerce — Question

What percentage of India was dependent on agriculture at the time of independence?

1. 60 percent.
2. 80 percent.
3. 70 percent.
4. 90 percent.

You are a factory owner and have given employment to 400 workers. If 10 workers are dismissed by you without loss of production then this situation will be described as:

1. Casual unemployment.
2. Disguised unemployment.
3. Structural unemployment.
4. Seasonal unemployment.

When was National Food For Work Programme launched?

1. 1992
2. 2005
3. 2004
4. 2012

The second phase of Green Revolution started in:

1. mid 60s
2. mid 70s
3. mid 80s
4. mid 90s

People who are unwilling to work at the existing wage rate are

1. Voluntary unemployed.
2. Frictional unemployed.
3. Casual unemployed.
4. Seasonal unemployed.

In 1958, there were _____ communes in China covering the entire farm population.

GDP (Gross Domestic Product) is a good indicator of growth but not development, because:

1. GDP is a partial measurement.
2. GDP do not cover all type of goods.
3. GPD may increase on account of production of harmful goods.
4. All of the above.

The Planning Commission was set up in:

1. 1948
2. 1950
3. 1951
4. 1956

Which of the following is not a source of Human Capital Formation?

1. Education.
2. Saving.
3. Health.
4. Information.

In order to facilitate privatisation, which of the following policies were adopted?

1. Policies were made liberal for private sector.
2. Taxfree advantage were given.
3. Private vector were given free capital.
4. Both (b) and (c).