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Fyjc Practice Abt

The document is an application-based test for economics consisting of multiple-choice questions, identification of odd words, correlation completion, and economic term definitions. It also includes situational questions regarding factors of production and agricultural credit. The test is structured to assess understanding of various economic concepts and real-world applications.

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phantomarmy879
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17 views3 pages

Fyjc Practice Abt

The document is an application-based test for economics consisting of multiple-choice questions, identification of odd words, correlation completion, and economic term definitions. It also includes situational questions regarding factors of production and agricultural credit. The test is structured to assess understanding of various economic concepts and real-world applications.

Uploaded by

phantomarmy879
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

ECONOMICS1 – APPLICATION BASED TEST – 20 mks

Q1. Choose the correct option.(4 mks)

1. Features of wealth.

a. Utility b. Transferability c. Externality d. traditionality

options-1)a,b,c 2)only a 3)c,d 4)only d

---------------------

[Link] of NAVRATNA status companies

a. IOC b. BPCL c. BHEL d. VSNL

options- 1) only a 2)a,b,c,d 3)only d 4)c,d

------------------------

3. Types of unemployment.

a. Absolute b. Relative c. Rural d. Urban

options- 1)only b 2) only a 3)c,d 4)only c

----------------------------

[Link] development goals.

a. Good health b. Clean energy c. Injustice d. Quality education

options- 1)a,b,d 2) b,c 3) only d 4)only c

--------------------

Q2. Find the odd word.(4 mks)

1. National income, individual income, total savings, economic growth .

_____________________

2. Q1, Q2, D5, Median

_____________________

3. MTDC, MAITRI,SEZ , MIDC

____________________
4. Calories- 2400, 1800, 2100, 2250

_______________________

Q3. Complete the correlation.(4 mks)

1. free good : air :: car : _________________

2. SEBI : ______________________ :: BIFR : privatisation

3. Sheep :animal money: : debit card:__________________

4. 1950 : Planning commission :: 2015 : _______________

Q4. Give economic term(4 mks)

1. Continuous rise in price level- _________________

2. Population growth exceeds natural resources_____________________

3. Exchange of goods for goods- ________________________

4. Value that divides the data into ten equal parts_________________________

Q5. Study the give situation and answer the questions given below. (4 mks)

SITUATION 1 – Nidhi runs a cake shop. She has employed five women and
pays wages to them.

[Link] factors of production mentioned in above example. (1 mark)

______________________________________________________________________________
____

Q2. Give your views on ‘Women Entrepreneurship’(1mark)

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
____________
SITUATION 2 – . Mhadu takes a loan from bank for the purpose of irrigation
work. Loan tenure is six years.

Q1. Name the type and source of agricultural credit depicted in above
situation . (1 mark)

.___________________________________________________________

Q2. Suggest some schemes to improve farmer’s situation(1 mark)

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
____________

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