case study questions economics

myCBSEguide

• Class 12 Economics Case...

Class 12 Economics Case Study Questions

Table of Contents

myCBSEguide App

Download the app to get CBSE Sample Papers 2023-24, NCERT Solutions (Revised), Most Important Questions, Previous Year Question Bank, Mock Tests, and Detailed Notes.

In this article, we will discuss how to download CBSE class 12 Economics Case Study Questions from the myCBSEguide App and our Student Dashboard for free. For the students appearing for class 12 board exams from the commerce/ humanities stream, Economics is a very lucrative and important subject. It is a very high-scoring subject that aids the students to increase their percentile and excel in academics.

The exam is divided into 2 parts:

• Macro Economics
• Indian Economics Development

12 Economics Case Study Questions

CBSE introduced case-based questions for class 12 in the year 2021-22 to enhance critical thinking in students. CBSE introduced a few changes in the question paper pattern to enhance and develop analytical and reasoning skills among students. Sanyam Bharadwaj, controller of examinations, CBSE quoted that the case-based questions would be based on real-life situations encountered by students.

The purpose was to drift from rote learning to competency and situation-based learning. He emphasized the fact that it was the need of the hour to move away from the old system and formulate new policies to enhance the critical reasoning skills of students. Introducing case study questions was a step toward achieving the goals of the National Education Policy (NEP) 2020.

What is a Case Study Question?

As part of these questions, the students would be provided with a comprehensive passage, based on which analytical questions will have to be solved by them. The students will have to read the given passage thoroughly before attempting the questions. In The current examination cycle (2021-22), case-based questions have a weightage of around 20%.

Types of Case Study Questions in Economics

CBSE plans to increase the weightage of such questions in the following years, so as to enhance the intellectual and analytical abilities of the students. Case-based questions are predominantly of 3 types namely:

• Inferential

Local questions

Local questions can be easily solved as the answers are there in the given passage itself.

Global Questions

For Global questions, the students will have to read the passage in depth, analyze it and then solve it.

Inferential questions

Inferential questions are the ones that would require the student to have complete knowledge of the topic and could be answered by application of the concepts. The answers to such questions are tricky and not visible in the given passage, though the passage would highlight the concept on which the questions would be asked by CBSE.

HOTS Questions in Class 12 Economics

Personally, the concept of case-based questions is not new since CBSE has always included questions based on Higher Order Thinking Skills (HOTs). Though now we will have an increased percentage of such questions in the question paper.

Advantages of Case-based Questions

Class 12 Economics has two books and CBSE can ask Case study questions from any of them. Students must prepare themselves for both the books. They must practice class 12 Economics case-based questions as much as possible.

Case study questions:

• Enhance the intellectual and analytical abilities of the students.
• Provide a complete and deeper understanding of the subject.
• Inculcate intellectual reasoning and scientific temperamental in students.
• Help students retain knowledge for a longer time.
• Would definitely help to discard the concept of memorizing insanely and cramming without a factual understanding of the content.
• The questions would help to terminate the existing system of education in India that promotes rote learning.

Sample case study questions (Economics) class 12

Here are some case study questions for CBSE class 12 Economics. If you wish to get more case study questions and other related study material, download the myCBSEguide App now. You can also access it through our Student Dashboard.

Case Study 1

Keeping in view the continuing hardships faced by banks in terms of social distancing of staff and consequent strains on reporting requirements, the Reserve Bank of India has extended the relaxation of the minimum daily maintenance of the CRR of 80% for up to September 25, 2020. Currently, CRR is 3% and SLR is 18.50%.

“As announced in the Statement of Development and Regulatory Policies of March 27, 2020, the minimum daily maintenance of CRR was reduced from 90% of the prescribed CRR to 80% effective the fortnight beginning March 28, 2020 till June 26, 2020, that has now been extended up to September 25, 2020,” said the RBI.

Q.1 The full forms of CRR and SLR are:

• Current Reserve Ratio and Statutory Legal Reserves
• Cash Reserve Ratio and Statutory Legal Reserves
• Current Required Ratio and Statutory Legal Reserves
• Cash Reserve Ratio and Statutory Liquidity Ratio (ans)

Q.2 What will be the value of the money multiplier?

• None of these

Q.3 SLR implies:

• a) Certain percentage of the total banks’ deposits has to be kept in the current account with RBI
• b) Certain percentage of net total demand and time deposits have to be kept by the bank themselves (ans)
• c) Certain percentage of net demand deposits has to be kept by the banks with RBI
• d) None of the above

Q.4 Decrease in CRR will lead to __.

• a) fall in aggregate demand in the economy
• b) rise in aggregate demand in the economy (ans)
• c) no change in aggregate demand in the economy
• d) fall in the general price level in the economy

Case Study 2

An important lesson that the COVID-19 pandemic has taught the policymakers in India is to provide greater impetus to sectors that make better allocation of resources and reduce income inequalities. COVID-19 has also taught a lesson that in crisis the population returns to rely on the farm sector. India has a large arable land, but the farm sector has its own structural problems. However, directly or indirectly, 50 percent of the households still depend on the farm sector. Greater support to MSMEs, higher public expenditure on health and education and making the labour force a formal employee in the economy are some of the milestones that the nation has to achieve.

One of the imminent reforms to be done in the country is labour reforms. Labour laws are outmoded in India, and some of these date back to the last century.

India’s complex labour laws have been blamed for keeping manufacturing businesses small and hindering job creation. Industry hires labour informally because of complex laws and that is responsible for low wages.

• Which types of structural problems are faced by the agricultural sector?
• “It is necessary to create employment in the formal sector rather than in the informal sector.’’ Defend or refute the given statement with valid argument.
• Hired labour comes in …………………. (Informal organisation / formal organisation)
• What do you mean by MSMEs?

Case Study 3

People spend to acquire information relating to the labour market and other markets like education and health. This information is necessary to make decisions w.r.t investment in human capital and its efficient utilization. Thus, expenditure incurred for acquiring information relating to the labour market and other markets is also a source of human capital formation.

Q1. Which of the following is the source of human capital formation in India?

• Acquiring information
• All of these (ans)

Q2. Education provides

• Private benefit
• Social benefit
• Both 1) and 2) (ans)

Q3. __ persons contribute more to the growth of an economy.

Q4. Training given by a company to its employees is generally__________

• Investment (ans)
• Social wastage
• Both 1) and 2)

Tips to Solve Case Study Questions in Economics

Let’s understand how you can solve case study questions in class 12 Economics. The two books are Macroeconomics and Indian Economic Development.

• Read the passage thoroughly
• Can follow a reversal pattern, especially macroeconomics questions, i.e. read questions first and then look for the answers in the passage.
• In case the question asked is about Indian Economic Development, read the passage very carefully as most of the answers would be hidden in the passage itself.
• Macro Economics questions will be more application-based and would test your conceptual clarity.
• Answer briefly and precisely.

Important Chapters – Economics Case Study Questions

Following are some of the very important topics that need to be prepared very thoroughly under CBSE class 12 Economics. We expect that CBSE will certainly ask case-based questions from these chapters.

• National income and its aggregates
• Government budget
• Current challenges faced by the Indian economy

“Stop waiting for tomorrow, Start now”

Test Generator

Create question paper PDF and online tests with your own name & logo in minutes.

Question Bank, Mock Tests, Exam Papers, NCERT Solutions, Sample Papers, Notes

Related Posts

• Competency Based Learning in CBSE Schools
• Class 11 Physical Education Case Study Questions
• Class 11 Sociology Case Study Questions
• Class 12 Applied Mathematics Case Study Questions
• Class 11 Applied Mathematics Case Study Questions
• Class 11 Mathematics Case Study Questions
• Class 11 Biology Case Study Questions
• Class 12 Physical Education Case Study Questions

3 thoughts on “Class 12 Economics Case Study Questions”

thanks for your information, dont forget to visit airlangga university website https://www.unair.ac.id/mahasiswa-unair-dan-y20-indonesia-diskusikan-isu-resesi-ekonomi/

thank you for Economics MCQs

https://mcqquestions.net/economics

Leave a Comment

Save my name, email, and website in this browser for the next time I comment.

• Browse All Articles
• Newsletter Sign-Up

Economics →

• 29 Jan 2024
• Research & Ideas

Do Disasters Rally Support for Climate Action? It's Complicated.

Reactions to devastating wildfires in the Amazon show the contrasting realities for people living in areas vulnerable to climate change. Research by Paula Rettl illustrates the political ramifications that arise as people weigh the economic tradeoffs of natural disasters.

• 10 Jan 2024

Technology and COVID Upended Tipping Norms. Will Consumers Keep Paying?

When COVID pushed service-based businesses to the brink, tipping became a way for customers to show their appreciation. Now that the pandemic is over, new technologies have enabled companies to maintain and expand the use of digital payment nudges, says Jill Avery.

• 17 Aug 2023

‘Not a Bunch of Weirdos’: Why Mainstream Investors Buy Crypto

Bitcoin might seem like the preferred tender of conspiracy theorists and criminals, but everyday investors are increasingly embracing crypto. A study of 59 million consumers by Marco Di Maggio and colleagues paints a shockingly ordinary picture of today's cryptocurrency buyer. What do they stand to gain?

• 15 Aug 2023

Why Giving to Others Makes Us Happy

Giving to others is also good for the giver. A research paper by Ashley Whillans and colleagues identifies three circumstances in which spending money on other people can boost happiness.

• 13 Mar 2023

What Would It Take to Unlock Microfinance's Full Potential?

Microfinance has been seen as a vehicle for economic mobility in developing countries, but the results have been mixed. Research by Natalia Rigol and Ben Roth probes how different lending approaches might serve entrepreneurs better.

• 23 Jan 2023

After High-Profile Failures, Can Investors Still Trust Credit Ratings?

Rating agencies, such as Standard & Poor’s and Moody's, have been criticized for not warning investors of risks that led to major financial catastrophes. But an analysis of thousands of ratings by Anywhere Sikochi and colleagues suggests that agencies have learned from past mistakes.

• 29 Nov 2022

How Much More Would Holiday Shoppers Pay to Wear Something Rare?

Economic worries will make pricing strategy even more critical this holiday season. Research by Chiara Farronato reveals the value that hip consumers see in hard-to-find products. Are companies simply making too many goods?

• 21 Nov 2022

Buy Now, Pay Later: How Retail's Hot Feature Hurts Low-Income Shoppers

More consumers may opt to "buy now, pay later" this holiday season, but what happens if they can't make that last payment? Research by Marco Di Maggio and Emily Williams highlights the risks of these financing services, especially for lower-income shoppers.

• 01 Sep 2022
• What Do You Think?

Is It Time to Consider Lifting Tariffs on Chinese Imports?

Many of the tariffs levied by the Trump administration on Chinese goods remain in place. James Heskett weighs whether the US should prioritize renegotiating trade agreements with China, and what it would take to move on from the trade war. Open for comment; 0 Comments.

• 05 Jul 2022

Have We Seen the Peak of Just-in-Time Inventory Management?

Toyota and other companies have harnessed just-in-time inventory management to cut logistics costs and boost service. That is, until COVID-19 roiled global supply chains. Will we ever get back to the days of tighter inventory control? asks James Heskett. Open for comment; 0 Comments.

• 09 Mar 2022

War in Ukraine: Soaring Gas Prices and the Return of Stagflation?

With nothing left to lose, Russia's invasion of Ukraine will likely intensify, roiling energy markets further and raising questions about the future of globalization, says Rawi Abdelal. Open for comment; 0 Comments.

• 10 Feb 2022

Why Are Prices So High Right Now—and Will They Ever Return to Normal?

And when will sold-out products return to store shelves? The answers aren't so straightforward. Research by Alberto Cavallo probes the complex interplay of product shortages, prices, and inflation. Open for comment; 0 Comments.

• 11 Jan 2022
• Cold Call Podcast

Can Entrepreneurs and Governments Team Up to Solve Big Problems?

In 2017, Shield AI’s quadcopter, with no pilot and no flight plan, could clear a building and outpace human warfighters by almost five minutes. It was evidence that autonomous robots could help protect civilian and service member lives. But was it also evidence that Shield AI—a startup barely two years past founding—could ask their newest potential customer, the US government, for a large contract for a system of coordinated, exploring robots? Or would it scare them away? Harvard Business School professor Mitch Weiss and Brandon Tseng, Shield AI’s CGO and co-founder, discuss these and other challenges entrepreneurs face when working with the public sector, and how investing in new ideas can enable entrepreneurs and governments to join forces and solve big problems in the case, “Shield AI.” Open for comment; 0 Comments.

• 06 May 2021

How Four Women Made Miami More Equitable for Startups

A case study by Rosabeth Moss Kanter examines what it takes to break gender barriers and build thriving businesses in an emerging startup hub. Open for comment; 0 Comments.

• 20 Apr 2021
• Working Paper Summaries

The Emergence of Mafia-like Business Systems in China

This study sheds light on the political pathology of fraudulent, illegal, and corrupt business practices. Features of the Chinese system—including regulatory gaps, a lack of formal means of property protection, and pervasive uncertainty—seem to facilitate the rise of mafia systems.

• 02 Feb 2021

Nonprofits in Good Times and Bad Times

Tax returns from millions of US nonprofits reveal that charities do not expand during bad times, when need is the greatest. Although they are able to smooth the swings of their activities more than for-profit organizations, nonprofits exhibit substantial sensitivity to economic cycles.

• 01 Feb 2021

Has the New Economy Finally Arrived?

Economists have long tied low unemployment to inflation. James Heskett considers whether the US economic policy of the past four years has shaken those assumptions. Open for comment; 0 Comments.

• 06 Jan 2021

Aggregate Advertising Expenditure in the US Economy: What's Up? Is It Real?

We analyze total United States advertising spending from 1960 to 2018. In nominal terms, the elasticity of annual advertising outlays with respect to gross domestic product appears to have increased substantially beginning in the late 1990s, roughly coinciding with the dramatic growth of internet-based advertising.

• 11 Dec 2020

Economic Jitters Push Pandemic Job Seekers to Big Companies, Not Startups

Small companies are receiving fewer applications, particularly from experienced professionals, according to research by Shai Bernstein and colleagues. How can startups overcome pandemic fears and compete for talent? Open for comment; 0 Comments.

• 08 Dec 2020

Party-State Capitalism in China

China’s political economy has evolved from “state capitalism” to a distinctly party-driven incarnation. Party-state capitalism, via enhanced party monitoring and industrial policy, deepens ambiguity between the state and private sectors, and increases pressure on foreign capital, prioritizing the regime’s political survival above all.

Want to create or adapt books like this? Learn more about how Pressbooks supports open publishing practices.

Topic 7: Producer Theory

Some hate it and some love it, but regardless of how you feel oil is still a key part of our daily lives. The average Canadian uses about 20 barrels of oil each year, equivalent to about one and a half swimming pools. Since it is such a major part of our expenses, oil is a product where, when price changes, we really notice.

In 2008, China’s expansion sparked  a  long period of high prices. In this case study, we will analyze what has happened to these prices over time and the impact this has had on oil producers from the lens of producer theory. 

To simplify our case study, let’s assume that the oil market is perfect competition.

1. Consider the following producer theory model for a single firm producing oil, and the aggregate supply and demand. What is the firm’s equilibrium price and quantity?

2. What is the firm’s profit at this level?

3. What will occur in the long-run for this market? Show this on the new graph below.

The period of high prices indeed incentivized private firms to search farther than ever before –  in the Arctic, Brazil’s pre-salt fields, deep waters off Angola, and Canada’s oil sands to ever expand the supply of oil. Investors encouraged this activity, rewarding future growth as much as profitability.

Oil prices have been quite volatile. Recently, from mid 2014 to early 2016 oil prices plummeted from $110 a barrel to around $27. This sharp decline has been due to a number of causes. A key cause was when sanctions were lifted from Iran, a new producer entered the market with large quantities of oil. In addition, growing fears about action on climate change, coupled with the emergence of alternative-energy technologies, caused producers to pump as hard as they can, while they can.

Read more about the reasons for changing oil prices

3. Use the producer theory model from above to show the impact of Iran’s entry, assume this brings the market from long-run equilibrium to a price of $27.

4. What are the firms profits at this price?

In the industry at large, the incentive is to keep producing “as flat out as you can”, once investment costs have been sunk into the ground, says Simon Henry, Shell’s chief financial officer. He says it is sometimes more expensive to stop production than to keep pumping at low prices, because of the high cost of mothballing wells. He suggested that firms  will not pack up so long as prices cover day-to-day costs, in some cases as low as $15 a barrel.

It may be uneconomic to drill new deepwater wells at prices under $60 a barrel, he says, but once they are built it may still make economic sense to keep them running at prices well below that. Such resilience is used by some to justify why they expect prices to remain “lower for longer”.

Read more about the impact of price changes on oil firms

6. What does this excerpt suggest about how firms will behave in the short run?

7. Based on the information given about this market, what do you think the time horizon will be for this industries ‘long run’? What will happen in the long run?

Notice that in our model when prices fall, even in the short run individual firms will decrease production. In reality, firms part of the Organization of Petroleum Exporting Countries (OPEC) made a pact to keep production high, to try to retain market share and keep out competitors.

In his book “The Prize”, Daniel Yergin quotes an American academic writing as far back as 1926 about the “spectacle” of massive overproduction. “All saw the remedy but would not adopt it. The remedy was, of course, a reduction in the production.”

8. Comment on the effects of OPEC’s actions on the market.

In this case study we have shown how microeconomic concepts of monopoly and monopolistic competition can be used to understand current events in the news. Do you have a story you think would make a good case study? Contact [email protected] to propose your own case.

Principles of Microeconomics Copyright © 2017 by University of Victoria is licensed under a Creative Commons Attribution 4.0 International License , except where otherwise noted.

Share This Book

Feedback/errata.

Comments are closed.

Connect with Us

• Entertainment
• Gadgets Review
• Government Schemes
• Make Money Online
• Product Review
• Uncategorized

Solving Case Study in Economics: A Complete Guide

case study in economics

Case studies are invaluable in economics education, providing students with real-world scenarios to apply theoretical concepts and analytical skills. However, solving a case study in economics requires a structured approach that combines research, critical thinking, and a deep understanding of economic principles. This post presents a comprehensive guide on effectively solving a case study in economics , ensuring a thorough analysis and a grasp of practical implications.

Understanding the Case Study

Read carefully: .

Begin by reading the case study thoroughly. Pay attention to the details, context, and objectives presented. Identify the main issues, stakeholders, and the economic concepts at play.

Define the Problem: 

Clearly define the economic problem or challenge presented in the case study. What are the fundamental problems that ought to be handled? Understanding the problem is crucial before proceeding with analysis.Identify the central economic problem or challenge that the case study presents. This could involve issues related to demand and supply, market structures, externalities, government interventions, or any other economic concept.

Gathering Relevant Information

Research: .

Conduct thorough research to gather additional information relevant to the case study. This may involve exploring economic theories, statistical data, and industry trends. Reliable sources such as academic journals, government reports, and reputable news outlets are valuable.

Identify Variables: 

Identify the variables affecting the situation presented in the case study. These could include economic indicators, market conditions, government policies, etc.

Read also: How Trademark Registration Can Help in Business

Applying Economic Concepts

Use relevant theories: .

Apply relevant economic theories and concepts to analyze the case study. Consider concepts like supply and demand, elasticity, market structure, cost analysis, and utility theory, depending on the case context.

Quantitative Analysis:  

If applicable, use quantitative methods such as calculations, graphs, and charts to illustrate your analysis. These tools can help visualize economic relationships and trends.

Data Interpretation

Cause and effect:.

 Identify the cause-and-effect relationships driving the economic situation in the case study. Analyze how changes in one variable can impact others and lead to specific outcomes.

Consider Alternatives: 

Explore solutions or strategies to address the issues presented. Consider the possible benefits and drawbacks of each option.

Making Recommendations

Informed decisions: .

Based on your analysis, make informed recommendations for addressing the challenges outlined in the case study in economics. Your recommendations should be rooted in economic theories and supported by your gathered data.

Justify Your Recommendations: 

Clearly explain the rationale behind your recommendations. How will they positively impact the stakeholders involved? Justify your choices with economic logic.

Read also: Best Practices for Workday Financial Management Integration

Tips for Success

Practice: .

The more case studies you solve, the more comfortable you’ll become with the process. Practice hones your analytical skills and enables you to apply economic concepts effectively.

Collaborate: 

Engage in discussions with peers or instructors. Collaborative analysis can offer diverse perspectives and deepen your understanding of the case.

Real-World Context: 

Relate the case study to real-world economic scenarios. Understanding the practical implications of your analysis adds depth to your recommendations.

Stay Updated:

 Case study in economics is a dynamic field. Stay updated with current economic trends, policy changes, and market developments to enhance the relevance of your analysis.

Read the Case Thoroughly

Begin by reading the case study attentively. Familiarize yourself with the context, characters, and economic issues presented. Take notes as you read to highlight key information and identify the main problems.

 Apply Relevant Economic Concepts

Next, apply the economic concepts and theories you’ve learned in your coursework to the identified problem. Consider how concepts like elasticity, opportunity cost, marginal analysis, and cost-benefit analysis can be applied to the situation.

 Collect Data and Information

Gather relevant data and information that can support your analysis. This may include statistical data, market trends, historical information, and other relevant sources that substantiate your arguments.

Analyze and Evaluate

Conduct a thorough analysis of the situation. Identify the factors contributing to the problem and evaluate their impact. Use graphs, charts, and diagrams to represent your analysis and provide clarity visually.

 Explore Alternatives

Generate possible solutions or alternatives to address the identified problem. Consider the pros and cons of each solution, keeping in mind economic feasibility, ethical implications, and potential outcomes.

 Apply Economic Theories

When formulating solutions, apply economic theories and principles that align with the situation. For instance, if you’re dealing with a market failure, explore how government intervention or corrective measures can be applied based on economic theories like externalities or public goods.

Quantitative Analysis

If applicable, perform quantitative analysis using relevant mathematical or statistical tools. This could involve calculating elasticity break-even points or analyzing cost structures to support your recommendations.

 Justify Your Recommendations

Ensure that your solutions are well-justified and backed by solid economic reasoning. Explain how each solution addresses the problem and aligns with economic theories.

 Consider Real-World Constraints

Acknowledge any real-world constraints that might affect the implementation of your recommendations. This could include budgetary limitations, political considerations, or social factors.

Solving an case study in economics writing is an enriching experience that bridges theory and practice. It requires a structured approach, from understanding the case to making well-informed recommendations. By thoroughly analyzing the economic concepts, interpreting data, and applying relevant theories, you can arrive at strategic solutions that align with economic principles.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Related News

How to migrate from Wix to WordPress – Ultimate Guide

7 Best Team Collaboration Tools for Remote & In-Person

You may have missed.

How to Personalize Custom Boxes for Special Occasions?

How to Fix NVIDIA GeForce Experience Error Code 0x0003

Style Mastery: Essential Tips for Every Woman’s Occasion

Creating High-Performance Teams for Success 

Health and Insurance Bridging the Gap of Technology

UBO Verification: Understand the Ultimate Beneficial Owners 

• Bihar Board

SRM University

Bseb 10th result.

• Bihar Board Result 2024
• UP Board Result 2024
• CBSE Board Result 2024
• MP Board Result 2024
• Rajasthan Board Result 2024
• Shiv Khera Special
• Education News
• Web Stories
• Current Affairs
• नए भारत का नया उत्तर प्रदेश
• School & Boards
• College Admission
• Govt Jobs Alert & Prep
• GK & Aptitude
• CBSE Class 12

CBSE Class 12 Economics Important Case Study Based Questions for 2023 Board Exams

Cbse class 12 economics important case study based questions: class 12th economics exam is just a few hours away. get important case study questions to practice before cbse class 12 economics board examinations scheduled to be conducted on march 17, 2023. .

Important Case Study Based Questions for CBSE Class 12 Economics Board Exam 2023

Read the following case study paragraph carefully and answer the questions on the basis of the same..

Q1 The central bank of India i.e. Reserve Bank of India, is the apex institution that control the entire financial market. It's one of the major functions is to maintain the reserve of foreign

exchange. Also, it intervenes in the foreign exchange market to stabilise the excessive fluctuations in the foreign exchange rate.

In other words, it is the central bank's job to control a country's economy through monetary policy; if the economy is moving slowly or going backward, there are steps that central bank can take to boost the economy. These steps, whether they are asset purchases or printing more money, all Involve injecting more cash into the economy. The simple supply and demand economic projection occur and currency will devalue.

When the opposite occurs, and the economy is growing, the central bank will use various methods to keep that growth steady and in-line with other economic factors such as wages and prices.

Whatever the central bank does or in fact don't do, will affect the currency of that country.

Sometimes, it is within the central bank's interest to purposefully effect the value of a currency.

For example, if the economy is heavily reliant on exports and their currency value becomes too high, importers of that country's commodities will seek cheaper supply; hence directly effecting the economy.

1 Which of the following tools are used by the central bank to control the flow of money in domestic economy?

(a) Fiscal tools (b) Quantitative monetary tools

(c) Qualitative monetary tools (d) Both (b) and (c)

• a) Tighten the money supply in the economy
• b) Ease the money supply in the economy
• c) Allow commercial banks to work under less strict environment
• d) Both (b) and (c)

3 Which of the following steps should be taken by the central bank if there is an excessive rise in the foreign exchange rate?

(a) Supply foreign exchange from its stock

(b) Demand more of other foreign exchange

(c) Not intervene in the market as the exchange rate is determined by the market forces

(d) Help central government to stabilize the foreign exchange rate.

Answer: 

1(d) Both (b) and (c)

2(a) Tighten the money supply in the economy

3(a) Supply foreign exchange from its stock

Q2 Changes in aggregate demand bring about changes in the level of output, employment, income, and price. These changes are generally cyclical in nature. These changes, more generally, follow a cycle of four different stages namely boom, recession, depression and recovery. The cyclical nature of economic activity is known as trade cycle or business cycle. Boom is a stage of economic activity characterized by rising prices, rising employment, rising purchasing power.

• During the time of ‘excess demand’, Govt. should .................. the public expenditure.
• a) Reduce b) increase c) unchanged d) none of these.
• Investment depends on: a) Supply b) income c) saving d) Both (a) and (c)

Answer: Income.

Q3 In the modern world, govt. aims at maximizing the welfare of the people and the country. It

requires various infrastructure and economic welfare activities. These activities require huge govt. spending through appropriate planning and policy. Budget provides a solution to all these concerns. Budget is prepared by the government at all levels.

Estimated expenditure and receipts are planned as per the objectives of the government. In India, budget is prepared by the parliament on such a day as the president may direct. The parliament approves the budget before it can be implemented. The receipts and expenditures as shown in the budget are only the estimated values for the upcoming fiscal year, and not the actual figure.

• a) Reallocation of resources.
• b) Re distribution of income
• c) Reducing expenditure
• d) Economic stability.

Answer: c) Reducing expenditure

Answer: False

Q4 India’s balance of payments position improved dramatically in 2013-14 particularly in the last three quarters. this moved in large part to measure taken by the government and the Reserve Bank of India (RBI) and eat some part to the overall macro-economic slowdown that fed into the external sector. current account deficit (CAD) declined sharply from a record high of U.S. dollar 88.2 billion (4.7% of GDP) in 2012 -1/3 to U.S. dollars 32.4 billion (1.7% of GDP) in 2013 -14. After staying at perilously unsustainable levels off well over 4.0 percentage of GDP in 2011 -12 and 2012 -13, the improvement in BOP position is a welcome relief, and there is need to sustain the position going forward. This is because even as CAD came down, net capital flows moderated sharply from U.S. dollars 92.0 billion in 2012 -13 do U.S. dollar 47.9 billion in 2013-14, that two after a special swap window of

The RBI under the nonresident Indian (NRI) scheme / overseas borrowings of banks alone yielded U.S. dollar 3 4.0 billion. This led to some increase in the level of external debt, but it has remained at the manageable levels. the large depreciation of the rupee during the course of the year, note with standing sizable accretion to reserve in 2013 – 14, could partly be attributed to frictional forces and partly to the role of expectations in the forex market. the rupiah has stabilized the recently, reflecting an overall sense of confidence in the forex market as in the other financial markets of a change for better economic

prospects there is a need to nurture and build upon this optimism through creation of an enabling environment for investment inflows so as to sustain the external position in an as yet uncertain global milieu. --------- The Hindu, archives

• a) credit, capital account
• b) debit, capital account
• c) credit, current account
• d) debit, current account
• a) current account
• b) revenue account
• c) capital account
• d) official reserves
• a) outward flow of foreign exchange
• b) inward flow of foreign exchange
• c) decrease in the level of external debt
• d) decrease in future claims

Answers: 1.b 2. c 3. b 4. d

Q5 The green revolution for the third agricultural revolution is the set of research technology

e-transfer initiatives earring between GNE E and the late 1960 that increased agricultural

production worldwide beginning most markedly in the late 1960 the initiative resulted in

the adoption of new technologies including high yield varieties of CSR rules of cells

especially does wheat and rice it was associated with chemical fertilizers agrochemicals

and controlled water supply and newer methods of cultivation including machine isolation

National bank for agriculture and rural development is and apex development finance

institution fully owned by government of India the bank has been entrusted with Martyrs

concerning policy planning and operations in the field of credit for agriculture and other

economic activities in rural areas in India.

1 Who among the following is known as the father of green revolution

(a) Dr. M S Swaminathan

(b) Dadabhai Naoroji

(c) Vikram Sarabhai

(d) all of these

2 Green revolution is also known as ..................

(a) Golden revolution

(b) milk revolution

(c) Wheat revolution

(d) None of this

3 Which of the following institutions were setup as the apex body in rural areas to support the small farmers in the adoption of modern farming methods?

4 Green revolution was the ............... set of agricultural reforms brought in India

Answer: 1 (a) 2 (c) 3 (d) 4(c)

• Narasimha Rao. This policy opened the door of the India Economy for the global exposure for the first time. In this New Economic Policy P. V. Narasimha Rao governmentreduced the import duties, opened reserved sector for the private players, devalued the Indian currency to increase the export. This is also known as the LPG Model of growth. New Economic Policy refers to economic liberalization or relaxation in the import tariffs, deregulation of markets or opening the markets for private and foreign players, and reduction of taxes to expand the economic wings of the country. Former Prime Minister Manmohan Singh is considered to be the father of New Economic Policy (NEP) of India. Manmohan Singh introduced the NEP on July 24,1991. Main Objectives of New Economic Policy – 1991, July 24 The main objectives behind the launching of the New Economic policy (NEP) in 1991 by the union Finance Minister Dr. Manmohan Singh are stated as follows:

The main objective was to plunge Indian Economy in to the arena of ‘Globalization and to give it a new thrust on market orientation. The NEP intended to bring down the rate of inflation.

1 New Economic Policy of India was launched in the year 1991 under the

• P. V. Narasimha Rao
• Atal Bihari Bajpayi
• Sharad Pawar
• None of these

2 .................................. is also known as the LPG Model of growth. ((choose

the correct alternative)) (New Economic Policy / New Education Policy)

Answer: New Economic Policy

3 State whether the given statement is true or false:

Former Prime Minister Manmohan Singh is considered to be the father of New Economic Policy (NEP) of India. ((choose the correct alternative))

True / False

Answer: True

Q7 Both forms of capital formation are the outcomes of conscious investment decisions. The decision regarding investment in physical capital is taken on the basis of one’s knowledge in this regard. The ownership of physical capital is the outcome of the conscious decision of the owner the physical capital formation is mainly an economic and technical process.

Human capital formation takes place in one’s life when she/he is unable to decide whether it would maximize her/his earnings. Children are given different types of school education and health care facilities by their parents and society. Moreover, the human capital formation at this stage is dependent upon the already formed human capital at the school level. Human capital formation is partly a social process and partly a conscious decision of the possessor of the human capital.

• a) Human capital is intangible whereas physical capital is tangible.
• b) Human capital can cope up with the changing technology whereas physical cannot.
• c) Human capital generates both personal and societal benefits whereas physical capital generates only personal benefit.
• d) Human capital gets obsolete with time whereas physical capital does not.
• In the context of the paragraph, it can be argued that human capital depreciates faster than the physical capital. The given statement is:
• c) Partially true
• d) can’t comment due to lack of proper estimation mechanism
• Machines and industrial tools are examples of _
• a) Physical capital
• b) Human capital
• c) Both physical and human capital
• d) Natural capital
• Investment in education by parents is the same as_______
• a) Investment in intermediate goods by companies
• b) Investment in CSR activity by companies
• c) Investment in capital goods by companies
• d) None of the above

Answer: – c) Investment in capital goods by companies

Q8 The central government will spend Rs. 9800 crores on livestock development over the next five years in a bid to leverage almost Rs. 55000 crore of outside investment into the Animal Husbandry Sector. It would do this by merging a slew of schemes of the Department of Animal Husbandry and Dairying into three main programmes, focused on indigenous cows and dairy development, livestock health and infrastructure development, an official statement said. The Cabinet Committee on Economic Affairs approved the implementation of the special livestock sector package by revising and realigning the various components of the existing schemes in order to boost growth and make animal husbandry more remunerative for the 10 crore farmers engaged in it.

1) Livestock production provides ------------- for the family without disrupting other food producing activities

(a)Increased stability in income 

(b) food security

(c)transport and fuel 

Answer: (d) all of these

2) The central bank undertakes to invest on livestock development in ----------- (horticulture/ animal husbandry) sector

Answer: animal husbandry

3) State one limitation of livestock sector in India

Answer: The livestock productivity is quite low as compared to other countries

Important resources for Class 12 Economics Board Exam 2023

Get here latest School , CBSE and Govt Jobs notification in English and Hindi for Sarkari Naukari and Sarkari Result . Download the Jagran Josh Sarkari Naukri App . Check  Board Result 2024  for Class 10 and Class 12 like  CBSE Board Result ,  UP Board Result ,  Bihar Board Result ,  MP Board Result ,  Rajasthan Board Result  and Other States Boards.

• CTET July 2024 Last Date
• NIACL Assistant Mains Exam Date 2024
• SSC GD Answer Key 2024
• GSSSB Clerk Analysis 2024
• NTA NITTT Result 2024
• Bihar Board Matric 10th Result 2024
• Bihar Board Result 2024 Class 10
• Bihar Board Result 2024 by Jagran Josh
• Class 10th Result 2024 Bihar Board
• Bihar Board 10th Topper List 2024

Trending Categories

Latest education news.

PDUSU Admit Card 2024 OUT at shekhauni.ac.in; Direct Link to Download PG Hall Ticket PDF

KCET Admit Card Date and Time: Hall Ticket On April 5 at cetonline.karnataka.gov.in

BPSC Head Teacher 2024 Apply Online Last Date: Direct Link at onlinebpsc.bihar.gov.in for 40247 Headmasters

JNTUH Manabadi Result 2024 OUT at jntuh.ac.in; Direct Link to Download UG and PG Marksheet

SSC JE Salary 2024: Check In Hand Salary, Perks & Benefits, Job Profile

[Updated] Haryana School Holiday List 2024, Download PDF Here

Jharkhand School Holiday List 2024, Download PDF Here

CTET July 2024 Registration Ends Today at ctet.nic.in, Direct Link to Apply Online, Important Details

TS SSC Social Studies Exam 2024: Exam Analysis, Question Paper and Answer Key, Download PDF

Tamil Nadu 10th Mathematics Paper Analysis 2024: Exam Review, Student Feedback and Expert View

World Autism Awareness Day 2024: Theme, What It Means and Activities Around the Globe

IBPS PO Final Cut off 2024: Check Category wise Cutoff Marks

PSEB 5th Class Result 2024 Declared, Scorecard Link Active at pseb.ac.in, Download Now

SSC GD Answer Key 2024 Link on ssc.nic.in: Latest Update on Response Sheet Date and Time

Find 3 Differences In 16 Seconds In This Old Couple Scene

UPPSC Assistant Town Planner Syllabus 2024: PDF Download For Important Topics, Check Exam Pattern

IBPS Clerk Final Result 2024 Out at ibpsonline.ibps.in: Download Final Merit List PDF, Check Provisional Allotment

pseb.ac.in PSEB 5th Result 2024 Out Live: Download Scorecards Through Direct Link Here

WB Police Lady Constable Recruitment 2024: Online application edit window opens, Check steps to apply

PSEB Class 5th Result 2024 Out: When, Where, and How to Download Punjab Board 5th Class Scorecard Online with Direct Link

Economics Tuition Singapore

How to do well in Economics — Case Studies

19 jun how to do well in economics — case studies.

What is Case Studies?

The Case Studies component is found in Paper 1 of the H1 and H2 A-Level Economics examination. There are 2 case studies in Paper 1. Each case study will present pages of economics data and issues related to the economics syllabus in textual, numerical and graphical forms.

This will be followed by questions relating to the data. These questions would require candidates to apply the relevant economic concepts and economic theories to answer and evaluate the economic issues, with reference to the data provided.

How do I know the requirements of the case studies question?

Read the question carefully and follow the instructions given. This is very important as candidates who do not follow the instructions will tend to deviate away from the question and apply the wrong economic concepts.

Pay close attention to the key command words and focus in the question. The command word will determine that kind of answer it expects. For example, the starting command words “Discuss” and “Explain” will produce a different answer for each question.

Typically, economic (change in) trend description questions carries 2 marks.

First mark: identify what is happening to the value of the variable. i.e. establish the general direction of the trend by statin whether the value of the variable that you are measuring has increased, decreased, remained stable, fluctuating, etc.

Second mark: provide a meaningful refinement or enhancement to the description of the trend in any of the following form: the rate of change, exceptions, reversals, or change to the level of volatility.

How do I prepare myself for the Paper 1?

Make sure that you have a good grasp of the underlying economic theories. A good foundation in economic knowledge will help you greatly in identifying what concepts the question seeks to assess you on. This will ensure that your answers are accurate.

Also, you need to have a set of data-handling skills (both statistical and textual knowledge). Case studies involve real life examples of economic situations locally and globally. You need to be able to draw a link between these real life economic examples to your economic concepts to be able to understand the underlying purpose and reason to the data. These skills are also useful in helping you analyse the data so that you can use these evidence in supporting your answers.

How do I write my economics case studies answers effectively with economics concepts?

Make use of appropriate and relevant diagrams to explain your economic analysis. Economic diagrams are helpful in showing you the effects of the economic happenings in the data given, hence you will be able to answer accurately. At the same time, economic diagrams are able to show examiners that you know your economic concepts well.

Always remember to quote from the data. The data given the the case study are there to help you find evidence to support your answers as it shows the economic effects. Make use of them to give a fuller answer.

Economics answers must not be long-winded. Sometimes, short and sharp answers are appreciated. Look at the question requirements and the number of marks allocated. Usually, these will tell you how long your answer should be. Long descriptions and answers do not equal to more credit given. Do not waste too much time overwriting your answers. Time management is key!

To get more tips in mastering economics case studies, join us at jceconomics.com

No Comments

Sorry, the comment form is closed at this time.

FOR ALL NEW JC ECONOMICS STUDENTS

Money-Back Guarantee, No Questions Asked! In the unlikely event that the lesson is not suitable, or you have not benefited from the lesson, you may request for a full refund at the end of the lesson!

Free Marking of Practice Essays/Case Studies and 24/7 WhatsApp Consultation Simply WhatsApp your tutor with a scanned copy of your scripts. You will receive detailed feedback on how to improve your answers.

Click here to register for a class!

NCERT Solutions for Class 12 Macroeconomics Chapter 1 Case Study

NCERT Solutions for Class 12 Macroeconomics Chapter 1 Case Study Questions updated for new academic session 2024-25. Get here all the Case based questions of chapter 1 Introduction with suitable answers with Case Study MCQ and practice questions on Case Studies.

Class 12 Macroeconomics Chapter 1 Case Studies Question Answers

• Class 12 Macroeconomics Chapter 1 Case Study
• Class 12 Macroeconomics Chapter 1 NCERT Solutions
• Class 12 Macroeconomics Chapter 1 MCQ Answer
• Class 12 Indian Eco & Macro Economics Solutions
• Class 12 NCERT Solutions in Hindi & English Medium
• Class 12 NCERT Books in Hindi & English Medium

First, who are the macroeconomic decision makers? Macroeconomic policy pursued by the state itself or statutory bodies just like the Reserve Bank of India, Security and Exchange Board of India and analogous establishments. Generally, every similar body can have one or a lot further public pretensions to pursue as outlined by law or the constitution of India itself. These pretensions aren’t those of individual profitable agents maximizing their private profit or weal. Therefore, the macroeconomic agents are completely different from the individual decision makers. Secondly, what do the Macroeconomic decision makers try to do? Obviously, they frequently have to go beyond profitable objects and try to direct the deployment of profitable coffers for similar public requirements as we’ve listed over. Similar conditioning isn’t aimed at serving individual tone- interest. They’re pursued for the Welfare of the country and its people as a whole.

• Question 1: State whether true or false. (a) Pretensions set in macroeconomics, are set for individualities. (b) Profitable objects are to fulfil public requirements. (c) Welfare of the country and its people don’t depend on profitable conditioning. (d) RBI, SEBI, and analogous institutions pursue the macroeconomic programs as the state does.
• Question 2: What are the pretensions of institutions like RBI and SEBI?
• Question 3: Macroeconomic conditioning is performed for the, of the country and it’s, as a whole.
• Question 4: Who are the Macroeconomic decision makers?
• Answer 1: (a) False, (b) True, (c) False, (d) True
• Answer 2: Generally, each similar body has one or further public pretensions to pursue as defined by the law or the constitution of India.
• Answer 3: Welfare, people
• Answer 4: Macroeconomic policy pursued by the state itself or statutory bodies like the Reserve Bank of India, Security and Exchange Board of India and analogous institutions.

Still, the Great Depression of 1929 and thus the succeeding times saw the affair and employment situations within the countries of Europe and North America fall by large quantities. It affected indispensable countries of the globe likewise. Demand for goods within the request was low, numerous manufactories were lying idle; staff were thrown out of jobs. In USA, from 1929 to 1933, severance rate rose from 3 per cent to 25 percent (severance rate may be outlined as the number of people who aren’t working and are looking for jobs divided by the total number of people who are working or looking for jobs).

Over the same period aggregate affair in USA fell by about 33 per cent. These events made economists suppose about the functioning of the frugality in a new way. The fact that the frugality may have long lasting severance had to be theorised about and explained. ‘Keynes’ book was an attempt in this direction. Unlike his forerunners, his approach was to examine the working of the frugality in its wholeness and examine the interdependence of the different sectors. The subject of macroeconomics was born.

• Question 1: How much the severance rate rose from 1929 to 1933 in USA?
• Question 2: Employment position in the countries of, and, fall by huge quantum at the time of Great Depression in 1929.
• Question 3: How important fall did aggregate affair saw in USA at the time of Great Depression?
• Question 4: The Great Depression affected, as well.
• Answer 1: In USA, the severance rate rose from 3 percent to 25 percent. That means the number of people who aren’t working and looking for jobs, divided by, the total number of people who are working and looking for job; is regarded as severance.
• Answer 2: Europe, North America
• Answer 3: The aggregate affair saw a fall of about 33 percent, at the time of Great Depression.
• Answer 4: Other Countries

In commercial country product conditioning are substantially carried out by commercial enterprises. A typical commercial enterprise has one or several entrepreneurs (people who exercise control over major opinions and bear a large part of the threat associated with the establishment/ enterprise). They may themselves supply the capital demanded to run the enterprise, or they may adopt the capital. To carry out product they also need natural coffers – a part consumed in the process of product (e.g., raw accoutrements) and a part fixed (e.g., plots of land). And they need the most important element of mortal labour to carry out product. This we shall relate to as labour.

After producing affair with the help of these three factors of product, vicelike capital, land and labour, the entrepreneur sells the product in the request. The plutocrat that’s earned is called profit. Part of the profit is paid out as rent for the service rendered by land, part of it is paid to capital as interest and part of it goes to labour as stipend. The rest of the profit is the earning of the entrepreneurs and it’s called profit. Gains are frequently used by the directors in the coming period to buy new ministry or to make new manufactories, so that product can be expanded. These charges which raise productive capacity are exemplifications of investment expenditure.

• Question 1: What’s done of the gains earned by the entrepreneurs?
• Question 2: In commercial country, are substantially carried out by commercial enterprises.
• Question 3: A Capital enterprise has only one entrepreneur. (True/False)
• Question 4: What are the effects needed to carry out product?
• Question 5: The plutocrat that’s earned is called ………..
• Answer 1: The gains are frequently used by the manufacturers in the coming period to buy new ministry or to make new manufactories, so that the product can be expanded.
• Answer 2: product conditioning
• Answer 3: False
• Answer 4: To carry out product they also need natural coffers – a part consumed in the process of product (e.g., raw accoutrements) and a part fixed (e.g., plots of land). And they need the most important element of mortal labour to carry out product.
• Answer 5: Profit.

Still, we’d find that commercial countries have come into being only during the last three to four hundred times, if we apply the over mentioned four criteria to the countries of the world. Also, rigorously speaking, indeed at present, a sprinkle of countries in North America, Europe and Asia will qualify as commercial countries. In numerous underdeveloped countries product (in husbandry especially) is carried out by peasant families. Pay envelope labour is infrequently used and utmost of the labour is performed by the family members themselves. Product isn’t solely for the request; a great part of it’s consumed by the family. Neither do numerous peasants’ granges witness significant rise in capital stock over time. In numerous ethical societies the power of land doesn’t live; the land may belong to the whole lineage. In similar societies the analysis that we shall present in this book won’t be applicable. It is, still, true that numerous developing countries have a significant presence of product units which are organised according to commercial principles.

The product units will be called enterprises in this book. In an establishment the entrepreneur (or entrepreneurs) is at the helm of affairs. She hires pay envelope labour from the request, she employs the services of capital and land as well. After hiring these inputs, she undertakes the task of product. Her motive for producing goods and services (appertained to as affair) is to vend them in the request and earn gains. In the process she undertakes pitfalls and misgivings. For illustration, she may not get a high enough price for the goods she’s producing; this may lead to fall in the gains that she earns. It’s to be noted that in a commercial country, the factors of product earn their inflows through the process of product and trade of the attendant affair in the request.

• Question 1: In numerous, product is carried out by peasant families.
• Question 2: What’s the part of an entrepreneur? What are their motives?
• Question 3 How do the factors of product earn their income in a commercial country?
• Question 4: State whether True or False. (a) In a frugality goods and services are produced to distribute free to the people. (b) All the countries in North America, Europe and Asia will qualify as commercial countries. (c) Commercial countries have been into actuality from the last 300 to 400 times.
• Answer 1: Underdeveloped countries
• Answer 2: In an establishment the entrepreneur (or entrepreneurs) is at the helm of affairs. They hire pay envelope Labours from the request, they employ the services of capital and land as well. After hiring these inputs, they take over the task of product. Their motive for producing goods and services is to vend them in the request and earn gains. In the process they take over pitfalls and misgivings.
• Answer 3: In a commercial country, the factors of product earn their inflows through the process of product and trade of the attendant affair in the request.
• Answer 4: (a) False, (b) False, (c) True.

In both the developed and developing countries, piecemeal from the private commercial sector, there’s the institution of State. The part of the state includes framing laws, administering them and delivering justice. The state, in numerous cases, undertakes product – piecemeal from assessing levies and spending plutocrat on erecting public structure, running seminaries, sodalities, furnishing health services etc. These profitable functions of the state have to be taken into account when we want to describe the frugality of the country. For convenience we shall use the term “Government” to denote state. Piecemeal from the enterprises and the government, there’s another major sector in a frugality which is called the menage sector. By a menage we mean a single existent who takes opinions relating to her own consumption, or a group of individualities for whom opinions relating to consumption are concertedly determined.

Homes also save and pay levies. How do they get the plutocrat for these conditioning? We must flash back that the homes correspond of people. These people work in enterprises as workers and earn stipend. They’re the ones who work in the government departments and earn hires, or they’re the possessors of enterprises and earn gains. Indeed, the request in which the enterprises vend their products couldn’t have been performing without the demand coming from the homes. Also, they can also earn rent by leasing land or earn interest by advancing capital. So far, we’ve described the major players in the domestic frugality. But all the countries of the world are also engaged in external trade. The external sector is the fourth important sector in our study. Trade with the external sector can be of three kinds:

• The domestic country may vend goods to the rest of the world. These are called exports.
• The frugality may also buy goods from the rest of the world. These are called significances. Besides exports and significances, the rest of the world affects the domestic frugality in other ways as well.
• Capital from foreign countries may flow into the domestic country, or the domestic country may be exporting capital to foreign countries.
• Question 1: What are the three kinds of trade that can be done with the external sector?
• Question 2: What’s the part of state in developed and developing countries?
• Question 3: Fill in the blanks. (a) The people work in establishment and earn, (b) A menage consists of, (c) Piecemeal from the enterprises and the government, there’s another major sector in a frugality which is called the……….
• Question 4: State whether this is true or False. The request in which the enterprises vend their products couldn’t have been performing without the demand coming from the homes.
• Question 5: What should be taken into account while describing the frugality of a country?
• Answer 1: Three kinds of trade with external sector are: The domestic country may vend goods to the rest of the world. These are called exports. The frugality may also buy goods from the rest of the world. These are called significance. Besides exports and significance, the rest of the world affects the domestic frugality in other ways as well. Capital from foreign countries may flow into the domestic country, or the domestic country may be exporting capital to foreign countries.
• Answer 2: The part of the state includes framing laws, administering them and delivering justice. The state, in numerous cases, undertakes product – piecemeal from assessing levies and spending plutocrat on erecting public structure, running seminaries, sodalities, furnishing health services etc.
• Answer 3: (a) stipend, (b) people, (c) homes
• Answer 4: True
• Answer 5: The profitable functions like; from assessing levies and spending plutocrat on erecting public structure, running seminaries, sodalities, furnishing health services etc. should be taken into account while describing the frugality of a country.

Copyright 2024 by Tiwari Academy | A step towards Free Education

Case Studies in Business Economics, Managerial Economics, Economics Case Study, MBA Case Studies

Ibs ® case development centre, asia-pacific's largest repository of management case studies, mba course case maps.

• Business Models
• Blue Ocean Strategy
• Competition & Strategy ⁄ Competitive Strategies
• Core Competency & Competitive Advantage
• Corporate Strategy
• Corporate Transformation
• Diversification Strategies
• Going Global & Managing Global Businesses
• Growth Strategies
• Industry Analysis
• Managing In Troubled Times ⁄ Managing a Crisis ⁄ Product Recalls
• Market Entry Strategies
• Mergers, Acquisitions & Takeovers
• Product Recalls
• Restructuring / Turnaround Strategies
• Strategic Alliances, Collaboration & Joint Ventures
• Supply Chain Management
• Value Chain Analysis
• Vision, Mission & Goals
• Global Retailers
• Indian Retailing
• Brands & Branding and Private Labels
• Brand ⁄ Marketing Communication Strategies and Advertising & Promotional Strategies
• Consumer Behaviour
• Customer Relationship Management (CRM)
• Marketing Research
• Marketing Strategies ⁄ Strategic Marketing
• Positioning, Repositioning, Reverse Positioning Strategies
• Sales & Distribution
• Services Marketing
• Economic Crisis
• Fiscal Policy
• Government & Business Environment
• Macroeconomics
• Micro ⁄ Business ⁄ Managerial Economics
• Monetary Policy
• Public-Private Partnership
• Entrepreneurship
• Family Businesses
• Social Entrepreneurship
• Financial Management & Corporate Finance
• Investment & Banking
• Business Research Methods
• Operations & Project Management
• Operations Management
• Quantitative Methods
• Leadership,Organizational Change & CEOs
• Succession Planning
• Corporate Governance & Business Ethics
• Corporate Social Responsibility
• International Trade & Finance
• HRM ⁄ Organizational Behaviour
• Innovation & New Product Development
• Social Networking
• China-related Cases
• India-related Cases
• Women Executives ⁄ CEO's
• Effective Executive Interviews
• Video Interviews

Executive Brief

• Movie Based Case Studies
• Case Catalogues
• Case studies in Other Languages
• Multimedia Case Studies
• Textbook Adoptions
• Customized Categories
• Free Case Studies
• Faculty Zone
• Student Zone

Economics case studies

Covering micro as well as macro economics, some of IBSCDC's case studies require a prior understanding of certain economic concepts, while many case studies can be used to derive the underlying economic concepts. Topics like Demand and Supply Analysis, Market Structures (Perfect Competition, Monopoly, Monopolistic, etc.), Cost Structures, etc., in micro economics and national income accounting, monetary and fiscal policies, exchange rate dynamics, etc., in macro economics can be discussed through these case studies.

Browse Economics Case Studies By

Sub-Categories

• Government and Business Environment
• Micro / Business / Managerial Economics
• Public Private Partnership
• Aircraft & Ship Building
• Automobiles
• Home Appliances & Personal Care Products
• Minerals, Metals & Mining
• Engineering, Electrical & Electronics
• Building Materials & Construction Equipment
• Food, Diary & Agriculture Products
• Oil & Natural Gas
• Office Equipment
• Banking, Insurance & Financial Services
• Telecommunications
• e-commerce & Internet
• Transportation
• Entertainment
• Advertising
• IT and ITES
• Leisure & Tourism
• Health Care
• Sports & Sports Related
• General Business
• Business Law, Corporate Governence & Ethics
• Conglomerates

Companies & Organizations

• China Aviation Oil Corp
• De Beers and Lev Leviev
• Goldman Sachs
• Gordon Brown
• Iliad Group, France Telecom
• Lehman Brothers
• Merrill Lynch
• Mittal Arcelor
• Morgan Stanley
• Northern Rock
• Temasek Holdings
• Wachovia Wells Fargo
• Dominican Republic
• Netherlands
• North America
• Saudi Arabia
• South Africa
• South Korea
• United Kingdom
• United Arab Emirates
• United States

Recently Bought Case Studies

• SSS�s Experiment: Choosing an Appropriate Research Design
• Differentiating Services: Yatra.com�s �Click and Mortar�Model
• Wedding Services Business in India: Led by Entrepreneurs
• Shinsei Bank - A Turnaround
• Accenture�s Grand Vision: �Corporate America�s Superstar Maker�
• Tata Group�s Strategy: Ratan Tata�s Vision
• MindTree Consulting: Designing and Delivering its Mission and Vision
• Coca-Cola in India: Innovative Distribution Strategies with 'RED' Approach
• IndiGo�s Low-Cost Carrier Operating Model: Flying High in Turbulent Skies
• Evaluation of GMR Hyderabad International Airport Limited (GHIAL)
• Ambuja Cements: Weighted Average Cost of Capital
• Walmart-Bharti Retail Alliance in India: The Best Way Forward?
• Exploring Primary and Secondary Data: Lessons to Learn
• Global Inflationary Trends: Raising Pressure on Central Banks
• Performance Management System@TCS
• Violet Home Theater System: A Sound Innovation
• Consumer�s Perception on Inverters in India: A Factor Analysis Case
• Demand Forecasting of Magic Foods using Multiple Regression Analysis Technique
• Saturn Clothing Company: Measuring Customer Satisfaction using Likert Scaling

New Case Studies In Economics

• The Sri Lankan Economic Crisis � What Went Wrong?
• Crude Oil Market and the Law of Supply
• Understanding Crude Oil Demand
• The `C` Factor: Cement Industry in India � Unhealthy Oligopoly & Controls
• Venezuela`s Macroeconomic Crisis: An Enduring Ordeal of Worsening Economy with Alarming Inflation
• Guwahati Molestation Case: Professional Responsibility Vs Moral Ethics
• The Renaissance of the South Africa Music Industry
• EU BREAK-UP?
• The Cyprus Bailout - Is the European Zone Failing?
• Global Financial Crisis and ITS Impact on Real and Financial Sectors in India

Best Selling Case Studies In Economics

• Perfect Competition under eBay: A Fact or a Factoid?
• Mexican Telecom Industry: (Un)wanted Monopoly?
• Mobile Telephony in India: Would Cheaper Rates Bring More Profits?
• US Financial Crisis: The Fall of Lehman Brothers
• Executive Pay Package: A Study of Demand and Supply
• OPEC: The Economics of a Cartel (A)
• OPEC The Economics of a Cartel (B)
• OPEC: The Economics of a Cartel (C)
• Comparative Cost Advantage and the American Outsourcing Backlash
• Global Oil Prices: Demand Side vs Supply Side Factors

Video Inerviews

Case studies on.

• View all Casebooks »

Course Case Mapping For

• View All Course Casemaps »
• View all Video Interviews »
• Executive Briefs
• Executive Inerviews
• View all Executive Briefs »

Executive Interviews

• View All Executive Interviews »

Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501203, Telangana, INDIA. Mob: +91- 9640901313, E-mail: [email protected]

Case Study Questions Class 9 Economics Chapter 3 Poverty as a Challenge

• Post author: studyrate
• Post published:
• Post category: class 9th
• Post comments: 0 Comments

Case study Questions in Class 9 Social Science Chapter 3 are very important to solve for your exam. Class 9 Social Science Chapter 10 Case Study Questions have been prepared for the latest exam pattern. You can check your knowledge by solving  case study-based questions for Case Study Questions Class 9 Economics Chapter 3 Poverty as a Challenge

Join our Telegram Channel, there you will get various e-books for CBSE 2024 Boards exams for Class 9th, 10th, 11th, and 12th.

Poverty as a Challenge Case Study Questions With Answers

Here, we have provided case-based/passage-based questions for Class 9 Social Science Chapter 3 Poverty as a Challenge

Case Study 1: The proportion of people below the poverty line is also not the same for all social groups and economic categories in India. Social groups, which are most vulnerable to poverty are Scheduled Caste and Scheduled Tribe households. Similarly, among the economic groups, the most vulnerable groups are the rural agricultural labour households and the urban casual labour households. Although the average for people below the poverty line for all groups in India is 22. 43 out of 100 people belonging o Scheduled Tribes are not able to meet their basic needs. Similarly, 34 per cent of casual workers in urban areas are below the poverty line. About 34 per cent of casual labour farms (in rural areas) and 29 per cent of Scheduled castes are also poor. The double disadvantage of being a landless casual wage labour household in the socially disadvantaged social groups of the scheduled caste or the scheduled tribe population highlights the seriousness of the problem. Some recent studies have shown that except for the scheduled tribe households, all the other three groups (i.e., scheduled castes, rural agricultural labourers and urban casual labour households have seen a decline in poverty in the 1990s.

Which of the following factors are needed to determine the poverty line? (a) A minimum level of food requirement and clothing (b) A minimum level of consumption of fuel and light (c) A minimum level of education and medical facilities (d) All of the above

Answer: (d) All of the above

What is the reason behind vulnerability to poverty for the rural agricultural labour and urban casual labour? (a) They do not have their own lands/property (b) They only get seasonal work (c) They are poorly paid (d) All of the above

There is also inequality among the family members as (a) In poor families all suffer but some suffer more than others (b) Women, elderly and female infants are denied equal access to resources (c) Both (a) and (b) (d) None of the above

Answer: (c) Both (a) and (b)

Which of the following reason(s) is/are cause for declining poverty ratio? (a) Focusing on human resource development (b) Land reform measures (c) Both (a) and (b) (d) None of these

Which state in India has reduced poverty by taking human resource development? (a) Uttar Pradesh (b) Haryana (c) Tamil Nadu (d) None of the above

Answer: (d) None of the above

Which state can reduce poverty by improving its PDS system? (a) Andhra Pradesh (b) Tamil Nadu (c) Both (a) and (b) (d) None of the above

Case Study 2: Poverty is a significant challenge faced by many countries, including India. It refers to the lack of basic necessities and resources required for a decent standard of living. In India, poverty is measured using a poverty line, which is the minimum level of income required to meet the essential needs of an individual. Poverty can be classified into two categories: rural poverty and urban poverty. Rural poverty is primarily caused by factors such as low agricultural productivity, lack of access to credit, unemployment, and landlessness. Urban poverty, on the other hand, is attributed to factors like unemployment, low wages, lack of skill development, and migration from rural areas. Poverty not only affects the material well-being of individuals and families but also leads to social exclusion and limited access to education, healthcare, and other essential services. Addressing poverty requires comprehensive measures such as poverty alleviation programs, inclusive economic growth, skill development, and social welfare initiatives.

How is poverty measured in India? a) By the level of education attained by individuals b) By the amount of land owned by individuals c) By the minimum level of income required to meet essential needs d) By the number of family members in a household

Answer: c) By the minimum level of income required to meet essential needs

What are the two categories of poverty in India? a) Agricultural poverty and industrial poverty b) Rural poverty and urban poverty c) Primary poverty and secondary poverty d) Absolute poverty and relative poverty

Answer: b) Rural poverty and urban poverty

What are some factors contributing to rural poverty in India? a) Lack of access to credit and low agricultural productivity b) High wages and lack of skill development c) Industrialization and urbanization d) Availability of agricultural subsidies

Answer: a) Lack of access to credit and low agricultural productivity

Which of the following factors is attributed to urban poverty in India? a) High wages and skill development b) Lack of access to credit and low agricultural productivity c) Industrialization and urbanization d) Availability of agricultural subsidies

Answer: c) Industrialization and urbanization

Besides material well-being, what are some consequences of poverty? a) Increased access to education and healthcare b) Social exclusion and limited access to essential services c) Higher standard of living and improved infrastructure d) Reduced income inequality and social mobility

Answer: b) Social exclusion and limited access to essential services

Hope the information shed above regarding Case Study and Passage Based Questions for Class 9 Social Science Chapter 3 Poverty as a Challenge with Answers Pdf free download has been useful to an extent. If you have any other queries about CBSE Class 9 Social Science Poverty as a Challenge Case Study and Passage-Based Questions with Answers, feel free to comment below so that we can revert back to us at the earliest possible By Team Study Rate

You Might Also Like

Mcq questions of class 9 social science history chapter 6 peasants and farmers with answers, class 9 maths case study questions chapter 4 linear equations in two variables, mcq questions of class 9 maths chapter 7 triangles with answers, leave a reply cancel reply.

Save my name, email, and website in this browser for the next time I comment.

Gurukul of Excellence

Classes for Physics, Chemistry and Mathematics by IITians

Join our Telegram Channel for Free PDF Download

Case Study Questions for Class 12 Economics

• Last modified on: 1 month ago
• Reading Time: 11 Minutes

Table of Contents

Here you will find Case Study Questions for CBSE Class 12 Economics.

Units and Chapter List:

PART A: INTRODUCTORY MACROECONOMICS

• National Income and Related Aggregates
• Money and Banking
• Determination of Income and Employment
• Government Budget and the Economy
• Balance of Payment

PART B: INDIAN ECONOMIC DEVELOPMENT

• Development Experience (1947-90) and Economic Reforms Since 1991
• Current Challenges Facing Indian Economy
• Development Experience of India

How to be a Well-prepared Examinee?

Getting prepared for the CBSE Examinations can be a challenging task, but with the right approach, you can be well-prepared. Every student wants to score well in the exams and be among the toppers. They all work hard to achieve this goal. The difference, between those who achieve the goal and those who do not, is not much. Here are a few points that will surely help in covering that difference and achieving the desired goal.

BE UPDATED First, get a clear understanding of the syllabus and the exam pattern of the CBSE Examinations. This will help you know which topics you need to focus on and what to expect in the exam.

DEVISE A STUDY PLAN Create a realistic study plan that covers all the subjects and topics that you need to study. Set realistic study goals for each day.

PRIORITISE THE TOPICS Identify the important topics and prioritise them in your study plan. This will help you focus on the most important concepts and reduce stress.

MAKE NOTES AND SUMMARIES Make concise notes and summaries of all the important topics. This will help you revise the concepts efficiently and effectively.

MNEMONICS Try to remember various concepts using the mnemonics

PRACTISE REGULARLY AND DILIGENTLY Solving previous years’ question papers and sample papers will help you assess your preparation level and identify your weak areas. It will also help you manage your time effectively during the exam.

STAY COMPOSED Try to keep calm and be in control of your feelings. Take a balanced diet, sleep well and do some physical exercise regularly. Spend some time doing the things which you like. Stay fit, calm and focused. It will help you immensely in your preparations and will lead you to success.

PREPARE FOR THE BIG DAY The examination day holds a great significance for the learners. Most of the learners try to assimilate as much as they can, just before the examination. This stressful, last minute preparation should be avoided, as much as possible. The preparation should end a night before the examination. A sound sleep is important for a fresh start in the morning. Avoid over-stressing just before the examination.

MINDSET DURING THE EXAM

In the examination hall, ensure that you have filled your particulars in the answer sheet correctly. Answer the questions according to the given directions. First attempt the questions that you can answer easily. It will create a positive mindset.

EFFECTIVE USE OF TIME

If you have solved the paper before time, don’t leave the examination hall. Revise your answers and look for any correction or improvement. There is always room for improvement. Do utilise your time effectively.

How to Tackle Business Studies Case Studies in Exams

Here’s a tip on how to approach and answer case study questions for Class 12 BST (Business Studies) exams:

1. Understand the Format:

• Case study questions are designed to test your ability to analyze and apply your knowledge to real-world situations.
• These questions are usually longer in length, but your answers should be concise and to the point.

2. Careful Reading:

• Begin by carefully reading the entire case study. Don’t rush; understand the context and details provided.
• Pay attention to any data, statistics, or specific information presented in the case.

3. Examine the Question:

• Before diving into the case study, read the question(s) associated with it. This will help you focus on what to look for while reading the case.
• Identify the key concepts or issues the question is addressing.

4. Highlight Key Information:

• While reading the case, underline or highlight important facts, figures, or statements that seem relevant to the question.
• Make notes if necessary to organize your thoughts.

5. Analyze the Situation:

• Once you have a good grasp of the case and its details, analyze the situation. Consider the cause-and-effect relationships, potential solutions, and any ethical or business principles involved.

6. Structure Your Answer:

• Start your answer with a brief introduction, summarizing the main problem or situation presented in the case.
• Organize your response logically. You can use bullet points or numbered lists for clarity.
• Present your analysis, providing relevant business theories or concepts as appropriate.
• Offer solutions or recommendations based on your analysis. Be clear and concise in your suggestions.

7. Use Simple Language:

• Write your answers in clear and simple language. Avoid unnecessary jargon or complex vocabulary.
• Ensure your answers are easy to understand for the examiner.

8. Practice with Sample Papers:

• Practice case study questions from sample papers and previous year papers to get a feel for the format and types of questions that may be asked.
• Writing practice answers will help you refine your approach.

Remember to practice, and you’ll become more proficient at tackling case study questions effectively.

Download CBSE Books

Exam Special Series:

• Sample Question Paper for CBSE Class 10 Science (for 2024)
• Sample Question Paper for CBSE Class 10 Maths (for 2024)
• CBSE Most Repeated Questions for Class 10 Science Board Exams
• CBSE Important Diagram Based Questions Class 10 Physics Board Exams
• CBSE Important Numericals Class 10 Physics Board Exams
• CBSE Practical Based Questions for Class 10 Science Board Exams
• CBSE Important “Differentiate Between” Based Questions Class 10 Social Science
• Sample Question Papers for CBSE Class 12 Physics (for 2024)
• Sample Question Papers for CBSE Class 12 Chemistry (for 2024)
• Sample Question Papers for CBSE Class 12 Maths (for 2024)
• Sample Question Papers for CBSE Class 12 Biology (for 2024)
• CBSE Important Diagrams & Graphs Asked in Board Exams Class 12 Physics
• Master Organic Conversions CBSE Class 12 Chemistry Board Exams
• CBSE Important Numericals Class 12 Physics Board Exams
• CBSE Important Definitions Class 12 Physics Board Exams
• CBSE Important Laws & Principles Class 12 Physics Board Exams
• 10 Years CBSE Class 12 Chemistry Previous Year-Wise Solved Papers (2023-2024)
• 10 Years CBSE Class 12 Physics Previous Year-Wise Solved Papers (2023-2024)
• 10 Years CBSE Class 12 Maths Previous Year-Wise Solved Papers (2023-2024)
• 10 Years CBSE Class 12 Biology Previous Year-Wise Solved Papers (2023-2024)
• ICSE Important Numericals Class 10 Physics BOARD Exams (215 Numericals)
• ICSE Important Figure Based Questions Class 10 Physics BOARD Exams (230 Questions)
• ICSE Mole Concept and Stoichiometry Numericals Class 10 Chemistry (65 Numericals)
• ICSE Reasoning Based Questions Class 10 Chemistry BOARD Exams (150 Qs)
• ICSE Important Functions and Locations Based Questions Class 10 Biology
• ICSE Reasoning Based Questions Class 10 Biology BOARD Exams (100 Qs)

✨ Join our Online JEE Test Series for 499/- Only (Web + App) for 1 Year

✨ Join our Online NEET Test Series for 499/- Only for 1 Year

Leave a Reply Cancel reply

Join our Online Test Series for CBSE, ICSE, JEE, NEET and Other Exams

Editable Study Materials for Your Institute - CBSE, ICSE, State Boards (Maharashtra & Karnataka), JEE, NEET, FOUNDATION, OLYMPIADS, PPTs

Discover more from Gurukul of Excellence

Subscribe now to keep reading and get access to the full archive.

Type your email…

Continue reading

• Free Case Studies
• Business Essays

Write My Case Study

Buy Case Study

Case Study Help

• Case Study For Sale
• Case Study Service
• Hire Writer

Economics Questions

a). With an increase in aggregate demand the resulting equilibrium will be at point B, where the AD2 curve intersect with the LRAS curve. The corresponding equilibrium price will be at point P2, this imply an increase in the price level from P1 to P2. The economy will adjust to the initial long run equilibrium at point A by increasing the supply that results in a decline of commodity prices. The supply of the commodity will reduce the price from P2 to P1 returning the economy into its original equilibrium because AD will equal LRAS. The price will fall up to the point where AD equals AS[.

b) An increase in the price of raw material will lead to an increase in the price level of the commodity from the equilibrium price P1 to the new price P2. The new equilibrium point will be at point C. The economy will revert to the original position by increasing production of the commodity whose production cost has increased so as to minimize the cost per unit of production hence lowering the price levels. Question 12 a) The real GDP will be 1260 billions o dollars and price levels 110.5 dollars.

We Will Write a Custom Case Study Specifically For You For Only $13.90/page!

b) RBA should use an expansionary policy to increase the number of exports. RBA will therefore, have to purchase securities through open market operations. c)Inflation rate (without policy)= (110.5 -107.0)/ 107.

0 * 100 ci) = 3.27 Inflation rate (with policy) = (109.5- 107.0)/ 107.0 *100 = 2.

34 Question 16 a). Real GDP Growth = (2010’s Real GDP – 2009’s Real GDP) / (2009’s Real GDP) = (1160 – 1120)/ 1120 = 0.035 *100 = 3.5 % b). Inflation rate = (1160- 1120)/ 1120 *100 = 3.5 c).

Growth rate for 2010 = 1120/ 1160 = 0.96

Related posts:

• Introduction to Macro Economics
• Economics Case Study
• Study Questions
• Lesson Plan Grade 10 Economics
• Economics – China Case Study
• Business and Economics

Quick Links

Privacy Policy

Terms and Conditions

Testimonials

Our Services

Case Study Writing Service

Case Studies For Sale

Our Company

Welcome to the world of case studies that can bring you high grades! Here, at ACaseStudy.com, we deliver professionally written papers, and the best grades for you from your professors are guaranteed!

[email protected] 804-506-0782 350 5th Ave, New York, NY 10118, USA

Acasestudy.com © 2007-2019 All rights reserved.

Hi! I'm Anna

Would you like to get a custom case study? How about receiving a customized one?

Haven't Found The Case Study You Want?

For Only $13.90/page

Case Study Questions Class 10 Social Science Economics Chapter 1 Development

CBSE Class 10 Case Study Questions Social Science Economics Development. Important Case Study Questions for Class 10 Board Exam Students. Here we have arranged some Important Case Base Questions for students who are searching for Paragraph Based Questions Development.

At Case Study Questions there will given a Paragraph. In where some Important Questions will made on that respective Case Based Study. There will various types of marks will given 1 marks, 2 marks, 3 marks, 4 marks.

Case Study 1:

Development and growth are often used interchangeably, however, they represent distinct facets of progress. Growth primarily pertains to quantitative expansion, such as an augmentation in GDP, population, or production. It is quantifiable and readily observable. Conversely, development encompasses a broader range of factors. It encompasses enhancements in living standards, education, healthcare, and overall well-being. Development places emphasis on the quality of growth rather than mere quantity. It is possible for a nation to experience growth without truly developing, resulting in disparities and inequalities. Consequently, the pursuit of sustainable development is paramount, ensuring not only economic growth but also social progress, equity, and environmental sustainability. Striking a balance between growth and development is the ultimate challenge for societies striving for comprehensive advancement.

Q1) Is development only calculated in monetary terms? Mark 2

Answer Quality of life also depends on non materialistic thing like quality of air, peaceful society , healthy environment and law and order condition which cannot be majorly buy by money. Development is majorly a subjective term and hence precise by different people differently.

Q2) Give an example where a situation is development for one but not for other? Mark 1

Answer An industrialist seek construction of dam for more electricity and more production however people who will required to migrate due to dam may not seek it as a development process in their life.

Q3) What are the two fundamental principle of development? Mark 1

Answer First different persons can have different developmental goals and second, what may be development for one may not be development for the other. It may even be destructive for the other.

Case Study 2:

A developed country is a highly industrial growth oriented country where quality of life is high, presence of developed economy and advanced technology. While the developing countries are those that are in either pre industrialization or in industrialization process. These economies are mostly relies in agrarian form of economy and there per capita income is generally less than the others. Another aspect of the developed countries are their highly dominating tertiary and Quaternary Sector. While tertiary sector provides services such as entertainment, finance and retailers quaternary sector comprises of knowledge based activities like of Information technology , research and development as well as areas of consulting services etc.  There is no all-agreed definition of a developed country.

Agencies such as the United Nations, the World Bank, the World Trade Organization, and the World Economic Forum use their indicators to club developed and developing countries. For example, the UN classifies countries into low, lower-middle, upper-middle, and high-income countries.

This classification is based on an individual country’s gross national income (GNI) per capita. Low –Income Economy: GNI per capita of up to $1,085 Lower Middle-income: GNI per capita up to $4,255 Upper-Middle-income: GNI per capita $13,205 High-Income economy: GNI per capita above $13,205.

Q1) What do you understand by the term per capita income? Mark 1

Answer  Average income which is the total income of the country divided by its total population. The average income is also called per capita income

Q2) What is the most important attribute to compare development of the countries? Mark 1

Answer Income is considered as the most important attribute while comparing development of the country.

Q3) Differentiate between development and growth? Mark 2

Answer  Development refers to a broader, multidimensional improvement in living standards, education, healthcare, and overall well-being. Growth is primarily quantitative and relates to an increase in factors like GDP, population, or production. While growth is measurable, development encompasses qualitative aspects and focuses on the quality of life.

Case Study 3:

The Human Development Report (HDR) by the United Nations Development Programme (UNDP) is a vital tool for assessing a nation’s progress beyond mere economic growth. In the context of India, the HDR provides a nuanced perspective. While India has made significant economic strides, socio-economic disparities persist. The report highlights challenges in health, education, and income inequality, reflecting the complexity of India’s development journey. It underscores the importance of inclusive policies to ensure that the nation’s remarkable growth benefits all citizens. As India continues its development path, the HDR serves as a crucial benchmark, guiding efforts towards a more equitable and prosperous future. A student’s BMI could be within the normal range or less than that (underweight) or more (obesity). For example, if a girl student is 14 years and 8 month old and the BMI is 15.2, then she is undernourished. Similarly, if the BMI of a boy aged 15 years and 6 months is 28, then he is overweight.

Q1) What do you understand by Body mass index? Mark 1

Answer BMI, or Body Mass Index, is a numerical measure that assesses a person’s body weight in relation to their height. It is calculated by dividing a person’s weight in kilograms by the square of their height in meters. BMI provides a rough estimate of whether a person is underweight, normal weight, overweight, or obese, serving as a basic indicator of overall body composition and health.

Q2) What is ranking of India in human development index? Mark 1

Answer As of last knowledge update in September 2021, India’s ranking on the Human Development Index (HDI) was 131 out of 189 countries.

Q3) On what factors human development report based on. Mark 2

The Human Development Report (HDR) is based on several key factors and indicators that collectively assess the overall well-being and development of a country or region. These factors include:

Life Expectancy at Birth

Educational Attainment:

Per Capita Income

Case Study 4:

The Public Distribution System (PDS) in India is an essential social welfare program with the primary objective of guaranteeing food security for a significant number of vulnerable citizens. Since its establishment in 1947, the PDS has undergone significant developments and now plays a pivotal role in the distribution of vital commodities such as rice, wheat, and sugar to those in dire need. This extensive network of fair price shops operates in both rural and urban areas, effectively bridging the gap between surplus production and food scarcity.

Despite the numerous challenges it faces, the PDS has proven to be a lifeline for low-income households, particularly during times of crisis. It serves to stabilize food prices and ensures that essential items are accessible to the needy at affordable rates. However, there are concerns regarding leakages and inefficiencies within the system that necessitate immediate attention. Continuous efforts to enhance the effectiveness of the PDS and reduce corruption are of utmost importance for its success in combating hunger and malnutrition in India.

Q1) Why Kerala has low infant mortality rate? Mark 1

Answer Kerala has a low Infant Mortality Rate because it has adequate provision of basic health and educational facilities. Similarly, in some states, the Public Distribution System (PDS) functions well. Health and nutritional status of people of such states is certainly likely to be better.

Q2) Money in your pocket cannot buy all the goods and services that you may need to live well. Explain this statement Mark 2

Answer Normally, money cannot buy us a pollution-free environment or ensure that you get unadulterated medicines, unless you can afford to shift to a community that already has all these things. Money may also not be able to protect us from infectious diseases, unless the whole of your community takes preventive steps

Q3) What do you understand by infant mortality rate? Mark 1

Answer Infant Mortality Rate (IMR) is a crucial demographic indicator that measures the number of deaths of infants under one year of age per 1,000 live births in a given population and time period

Case Study 5:

Despite being the first state in India to report COVID cases, Kerala was well-prepared due to its past experience in effectively managing the Nipah outbreak and Kerala floods. The state was able to initiate the necessary measures for containment because of its prior experience in mobilizing community-based groups, involving local self-government in decentralized planning, and participating in containment and relief measures, as well as having a well-equipped health system and infrastructure. The measures taken to “flatten the curve” in Kerala, which were unique to the state, and the factors that contributed to their success are described in detail using the framework developed after the Nipah outbreak containment experience. These insights are being shared with the hope that other regions can use them to replicate successful components.

Kerala’s remarkable success in managing the COVID-19 pandemic is a testament to its well-established infrastructure for social and human development. This foundation includes an efficient public healthcare delivery system that positions the state far ahead of the rest of India in numerous vital indicators.

Q1) Explain the term infant mortality rate , literacy rate and net attendance ratio? Mark 2

Answer Infant Mortality Rate (or IMR) indicates the number of children that die before the age of one yearas a proportion of 1000 live children born in that particular year.

Literacy Rate measures the proportion of literate population in the 7-and-above age group.

Net Attendance Ratio is the total number of children of age group 14 and 15 years attending school as a percentage of total number of children in the same age group

Q2) Why kerala health infrastructure stand strong in times of covid? Mark 2

Answer  Kerala’s resilient health infrastructure during COVID-19 is a result of long-term investments, a high doctor-to-patient ratio, well-equipped healthcare facilities, and a robust public healthcare system. Effective governance, a focus on education, community engagement, and transparent data reporting further bolstered its ability to respond effectively to the pandemic.

Also See : Gender, Religion and Caste Chapter Case Study Questions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

• New QB365-SLMS
• NEET Materials
• JEE Materials
• Banking first yr Materials
• TNPSC Materials
• DIPLOMA COURSE Materials
• 5th Standard Materials
• 12th Standard Materials
• 11th Standard Materials
• 10th Standard Materials
• 9th Standard Materials
• 8th Standard Materials
• 7th Standard Materials
• 6th Standard Materials
• 12th Standard CBSE Materials
• 11th Standard CBSE Materials
• 10th Standard CBSE Materials
• 9th Standard CBSE Materials
• 8th Standard CBSE Materials
• 7th Standard CBSE Materials
• 6th Standard CBSE Materials
• Tamilnadu Stateboard
• Scholarship Exams
• Scholarships

Class 12th Economics - Market Equilibrium Case Study Questions and Answers 2022 - 2023

By QB365 on 09 Sep, 2022

QB365 provides a detailed and simple solution for every Possible Case Study Questions in Class 12th Economics Subject - Market Equilibrium, CBSE. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.

QB365 - Question Bank Software

Market equilibrium case study questions with answer key.

12th Standard CBSE

Final Semester - June 2015

 Case Study 

We commonly come across instances where government fixes a maximum allowable price for certain goods. The government imposed upper limit on the price of a good or service is called 'price ceiling'. It is imposed on generally necessary items like wheat, rice, sugar etc. It is fixed below the market-determined price, as at the market determined price some section of the population will not be able to afford these goods. The government imposed lower limit on the price that may be charged for a particular good/service is called 'Price floor'. Some popular examples of imposition of price floor are agricultural price support programmes and the minimum wage legislation. Through the 'agricultural price-support programme' the floor is normally set at a level higher than the market-determined price for these goods. Similarly through the 'Minimum Wage Legislation' the government ensures that the minimum wage rate is set above the equilibrium wage rate. (a) Give another name for 'market-determined price'? (b) Explain the concept of 'price-ceiling'. (c) Throw light on the concept of 'Price-floor' with suitable examples.

*****************************************

Market equilibrium case study questions with answer key answer keys.

(a) It is also known as the 'equilibrium price'. (b) The government imposed upper limit on the price of a good or service is called 'price ceiling'. It is generally imposed on necessary items like wheat, rice, sugar etc. It is also fixed below the market-determined price as some sections of the population will not be able to afford these goods at the market-determined price. (c) The government imposed lower limit on the price that may be charged for a particular good/service is called 'Price floor'. Some of the popular examples of imposition of price floor are' Agricultural Price Support-Programmes' and the 'Minimum Wage Legislation'. Through the Agricultural Price-Support Programme the floor is normally set a level higher than the market determined price for these goods. Similarly, through the 'Minimum Wage Legislation', the government ensures that the Minimum Wage Rate is set above the equilibrium wage rate.

Related 12th Standard CBSE Economics Materials

12th standard cbse syllabus & materials, cbse 12th physics wave optics chapter case study question with answers, cbse 12th physics ray optics and optical instruments chapter case study question with answers, cbse 12th physics nuclei chapter case study question with answers, cbse 12th physics moving charges and magnetism chapter case study question with answers, cbse 12th physics electromagnetic induction chapter case study question with answers, cbse 12th physics atoms chapter case study question with answers, 12th physics alternating current chapter case study question with answers cbse, 12th maths vector algebra chapter case study question with answers cbse, 12th maths three dimensional geometry chapter case study question with answers cbse, 12th maths probability chapter case study question with answers cbse, 12th maths linear programming chapter case study question with answers cbse, 12th maths differential equations chapter case study question with answers cbse, 12th maths continuity and differentiability chapter case study question with answers cbse, 12th maths application of integrals chapter case study question with answers cbse, 12th chemistry the d and f block elements chapter case study question with answers cbse.

Class VI to XII

Tn state board / cbse, 3000+ q&a's per subject, score high marks.

12th Standard CBSE Study Materials

12th Standard CBSE Subjects

CBSE NCERT Solutions

NCERT and CBSE Solutions for free

Case Study Questions Chapter 2 Sectors of The Indian Economy

Please refer to the Case Study Questions Chapter 2 Sectors of The Indian Economy with answers provided for Class 10 Social Science. These solved case study based questions are expected to come in the Class 10 Economics exam in the current academic year. We have provided Case study for Class 10 Social Science for all chapters here. You should practise these solved case studies to get more marks in examinations.

Chapter 2 Sectors of The Indian Economy Case Study Questions Class 10 Social Science

1. Read the source given below and answer the following questions:

The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. This could be in a factory, a workshop or at home. For example, using cotton fibre from the plant, we spin yarn and weave cloth. Using sugarcane as a raw material, we make sugar or gur. We convert earth into bricks and use bricks to make houses and buildings. Since this sector gradually became associated with the different kinds of industries that came up, it is also called as industrial sector. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. Transport, storage, communication, banking, trade are some examples of tertiary activities. Since these activities generate services rather than goods, the tertiary sector is also called the service sector.

Answer the following MCQs by choosing the most appropriate option.

(i) Which sector includes the units producing services? (a) Primary sector (b) Secondary sector (c) Tertiary sector (d) All the above

(ii) Which one of the following economic activities is not in the tertiary sector? (a) Banking (b) Bee keeping (c) Teaching (d) Working in a call centre

(iii) The service sector includes activities such as (a) agriculture, dairy, fishing and forestry (b) making sugar, gur, and bricks (c) transport, communication and banking (d) none of these

(iv) Which of the following types of activities are covered in the secondary sector? (a) It generates services rather than goods. (b) Natural products are changed through manufacturing. (c) Goods are produced by exploiting natural resources. (d) It includes agriculture, forestry and dairy.

2. Read the source given below and answer the questions that follows:

The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is. In India, the mammoth task of measuring GDP is undertaken by a central government ministry. This Ministry, with the help of various government departments of all the Indian states and union territories, collects information relating to total volume of goods and services and their prices and then estimates the GDP. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. For example, goods that are produced in the primary or secondary sector would need to be transported by trucks or trains and then sold in wholesale and retail shops. At times, it may be necessary to store these in godowns. We also may need to talk to others over telephone or send letters (communication) or borrow money from banks (banking) to help production and trade. Transport, storage, communication, banking, trade are some examples of tertiary activities. Since these activities generate services rather than goods, the tertiary sector is also called the service sector.

(i) The money value of all final goods and services produced within a country during a particular year is called: (a) Gross domestic product (b) Net domestic product (c) National product (d) Production of secondary sector

(ii) Life insurance is an activity of the (a) primary sector (b) secondary sector (c) service sector (d) none of the above

(iii) Which sector has emerged as the largest producing sector in India. Select one from the following alternatives: (a) Secondary sector (b) Tertiary sector (c) Primary sector (d) Science and Technology sector

(iv) Information and communication technology is associated with (a) primary sector (b) secondary sector (c) tertiary sector (d) none of the above

3. Read the information given below and select the correct option:

Rahul is an agricultural labourer. There are several months in a year when he has no work and needs credit to meet his daily expenses. He depends upon his employer, the landowner for credit who charges an interest rate of 8 per cent per month. Rahul repays the money by working physically for the landowner on his farmland.

Over the years his debt will – (a) Increase – because of increasing interest and non-payment of monthly amount (b) Remain constant – as he is working for the employer but is repaying less (c) Reduce – as amount equivalent to his salary is being counted as monthly repayment (d) Be totally repaid – as he is repaying the debt in the form of physical labour

Most of the agricultural labourers like Rahul depend upon loans from informal sector. Which of the following statements about this sector is correct? (a) There are government bodies to supervise informal sector. (b) Money lenders ask for a reasonable rate of interest. (c) Cost of informal loans to the borrower is quite high. (d) Money lenders use fair means to get their money back.

4. Read the source given below and answer the following questions:

The organised sector offers jobs that are the most sought-after. But the employment opportunities in the organised sector have been expanding very slowly. It is also common to find many organised sector enterprises in the unorganised sector. They adopt such strategies to evade taxes and refuse to follow laws that protect labourers. As a result, a large number of workers are forced to enter the unorganised sector jobs, which pay a very low salary. They are often exploited and not paid a fair wage. Their earnings are low and not regular. These jobs are not secure and have no other benefits. Since the 1990s, it is also common to see a large number of workers losing their jobs in the organised sector. These workers are forced to take up jobs in the unorganised sector with low earnings. Hence, besides the need for more work, there is also a need for protection and support of the workers in the unorganised sector.

(i) Manufacturing units in unorganised sector are: (a) not subject to government regulations (b) subjects to government regulations (c) subject to central bank’s regulations (d) none of the above

(ii) Which of the following is not applicable for a worker, who works in the organised sector? (a) She gets a regular salary at the end of the month. (b) She is not paid for leave. (c) She gets medical allowance. (d) She got an appointment letter stating the terms and conditions of work when she joins work.

(iii) Choose the correct meaning of organised sector. (a) It covers those enterprises where the terms of employment are regular. (b) It is outside the control of the government. (c) Jobs are not regular. (d) It provides low salaries.

(iv) Which of the following examples does not fall under unorganized sector? (a) A farmer irrigating his field. (b) A daily wage labourer working for a contractor. (c) A doctor in a hospital treating a patient. (d) A handloom weaver working on a loom in her house.

5. Read the source given below and answer the questions that follows:

The product of this activity, cotton, is a natural product. Similarly, in the case of an activity like dairy, we are dependent on the biological process of the animals and availability of fodder etc. The product here, milk, also is a natural product. Similarly, minerals and ores are also natural products. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Why primary? This is because it forms the base for all other products that we subsequently make. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. This could be in a factory, a workshop or at home. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process Service sector also includes some essential services that may not directly help in the production of goods. For example, we require teachers, doctors, and those who provide personal services such as washermen, barbers, cobblers, lawyers, and people to do administrative and accounting works. In recent times, certain new services based on information technology such as internet cafe, ATM booths, call centres, software companies etc have become important.

(i) Which sector converts raw materials into goods? (a) primary sector (b) secondary sector (c) unorganised sector (d) organised sector

(ii) Manufacturing sector is associated with (a) primary sector (b) secondary sector (c) tertiary sector (d) private sector

(iii) Production of a commodity through exploitation of natural resources is an activity in the (a) primary sector (b) secondary sector (c) tertiary sector (d) information technology sector

(iv) Which sector includes the units producing services? (a) primary sector (b) secondary sector (c) tertiary sector (d) all the above

Very Short Answer Type Questions

Question. Suggest any one way to generate employment in urban areas. Ans.  Following are the ways in which employment can be generated in urban areas: (1) Improve local and inter city transportation. (2) Increase vocational education courses.

Question. When was MGNREGA passed? Ans.  2005

Question. How is GDP calculated? Ans.  GDP in India is calculated by the expenditure method. Only final goods and services are counted to get the final value. Therefore, GDP = Value of output – Intermediate consumption.

Question. The table below shows the estimated number of workers in India in the organised and unorganised sectors. Read the table carefully and answer the question given below: What percentage of tertiary sector workers in India are employed in Unorganised Sector according to the table?

Ans.  To calculate percentage of tertiary sector workers employed in unorganised sector: = (Numberof employees in unorganised sector/Total number of employees in tertiary sector) × 100

Total number of workers in tertiary sector: 17 + 76 = 93

Percentage employed in unorganised sector: (76/93) × 100 = 81.7%

Question. Why is the tertiary sector becoming an important sector in India? Explain the main reason. Ans . (1) The tertiary sector helps in the development of primary and secondary sectors by transporting goods, providing loans etc. Thus, helping in the development and growth of both primary and secondary sector. (2) The tertiary sector provides the basic services like public transportation, medical car, electricity, banking, post office etc. under the control of the government. (3) The tertiary sector creates an huge area for employment even for uneducated and unskilled work. (4) The tertiary sector distributes the consumer goods to different suppliers.

Question. Which category of economic sector does the activity of changing natural products into other forms come under? Ans.  Activities related to changing natural resources into other forms come under the primary sector.

Question. Look at the picture given below and identify the sector to which the characters shown in it belong to.

Ans.  The workers shown in the picture are associated with agricultural sector also known as Primary sector.

Question. Suggest any one way to increase the income of the marginalised groups in India. Ans . Marginal farmers need to be supported through adequate facility for timely delivery of seeds, agricultural inputs, credit, storage facilities and marketing outlets.

Question. What is GDP?  Ans.  GDP is the value of final goods and services produced in each sector during a particular year.

Question. Explain the main advantage of organised sector with respect to employment. Ans.  In the organised sector, terms of employment are regular and people have assured work throughout the year.

Question. Suggest any one way to create employment in semi-rural areas. Ans.  By setting up of small and agro-based industries, employment can be created in semi-rural areas.

Question. How is public sector different from the private sector? Ans.  The public sector is owned, managed and controlled by government whereas the private sector is owned, controlled and managed by individuals or group of individuals.

Question. Study this picture. Answer the question that follows: Identify the sector to which the worker in the picture belongs ?

Ans.  They belong to the Tertiary Sector.

Question. In a city, 5000 people work in offices and factories registered with the government, 3000 own offices, clinics in market places with formal license, 7000 people work on street, construction workers and domestic help whereas 9000 people work in small workshops usually not registered with the government. On the basis of the information given above calculate the percentage of people working in the Organised sector and choose the correct option. (a) 20% (b) 33% (c) 50% (d) 66% Ans.  (b) 33%

Question. Give one example each of primary and tertiary economic sectors. Ans.  Activities like agriculture, mining, etc. are examples of the primary sector, whereas activities like banking, tourism, etc. are examples of tertiary sector.

Question. Analyse the table given below and answer the question that follows: This source shows a database of Workers employed in different sectors (in millions) Calculate, the percentage of people in organised sector?

(a) 8.4% (b) 9.6% (c) 7.6% (d) 10% Ans.  (c) 7.6%

Question. Identify what sector does these products belong to?

Ans.  These products belong to Secondary Sector.

Short Answer Type Questions

Question. ‘‘Tertiary sector activities help in the development of the primary and secondary sectors.’’ Evaluate the statement. Ans.  ‘‘Tertiary sector activities help in the development of the primary and secondary sectors.’’ This statement can be understood by the following points : (1) The tertiary sector does not produce any goods by itself but it supports the production process of the primary and secondary sectors. (2) The tertiary sector comprises of several essential services such as hospitals, educational institutions, police stations, courts, transports, bank, etc. These basic services boost the primary and secondary sectors simultaneously. (3) Goods produced by the primary and secondary sectors are used by and sustained the tertiary sectors to provide services. For example, buildings created by the secondary sector are used by the tertiary sector, such as hotels, colleges, restaurants, residences etc.

Question. How can move employment be generated in the agriculture sector ? Explain any three methods. Ans . More employment can be generated in the agriculture sector alone in the following ways: (1) Increase in irrigation facilities: Without irrigation, only a single crop can be grown in most agricultural fields, which means less working opportunities, but if irrigation is provided, two or three crops can be grown on the same field. So more people will be employed. (2) Provide Basic facilities: Government should provide basic infrastructure in agriculture related facilities such as transportation (building of roads), irrigation, banking to ease the work of farmers. Subsidies can be provided. Dams and storages’ can be built. (3) Provide them easy loan: If people are provided easy bank loans, then they could start small businesses, which will make them self-dependent. (4) Storage: Storage facilities should be provided to farmers so that they can store their produce and can be able to sell it later.

Question. How does the public sector contribute to the economic development of the nation? Explain. Ans.  The public sector contributes to the economic development of the nation in the following ways: (1) It promotes rapid economic development through creation and expression of infrastructure. (2) It generates financial resources for development. (3) It ensures equality of income, wealth and thus a balanced regional development. (4) It encourages the development of small, medium and cottage industries. (5) It ensures easy availability of goods at moderate rates. (6) It contributes to community development i.e., to the human development index (HDI) via health and educational services.

Question. Mention the employment conditions prevailing in the organised sector. Ans.  The employment conditions prevailing in the organised sectors are as follows: (1) People working in the organised sectors have job security and get regular monthly salary. (2) They get paid leaves, salary during holidays, medical facilities, provident fund, gratuity, pension after retirement etc. (3) People working in this sector have fixed working hours.

Question. Underemployment continues to be rampant in the rural areas. Suggest any three ways through which employment for rural people can be generated. Ans . Employment generation (1) People can be employed in projects like construction of dam/canal/ roads in the village. (2) Government invests and employ people in providing transportation and storage services. (3) People can be employed in services like banking, trade, etc. (4) Government can identify, promote industries and services in semi-rural areas to enhance employment. (5) Government can open centres to give them training and financial assistance to help them become self – employed (6) Any other relevant point (Any three points to be explained)  OR The problem of unemployment can be eradicated in India in the following ways: (1) Loans should be provided to small farmers by the government or banks to have more irrigation facilities. This would help farmers by modernising their agricultural equipments and getting facilities of wells and tubewells. This can also help them to grow a second crop. (2) New dams and canals should be constructed which will create more employment in the agriculture sector. (3) Facilities for transportation and storage can be improved to get productive employment not only for the farmers but also for the people in these services. (4) Some industries, like cold storage and honey collection centres, should be set up in rural areas. These industries will get raw materials from the rural areas easily and could also create employment there. (5) Health service centers should be improved or opened. This will create employment as well as enable people to get a health check up easily. (6) Government schemes like MNREGA should be implemented by the government. health of the economy. The more the unemployment, the less the economic development.

Question. Why is the tertiary sector becoming more important in India ? Explain. Ans.  The tertiary sector is gaining importance because – (1) Several services such as hospitals, educational institutions, post and telegraph services, police stations, courts, village administrative offices, municipal corporations, defence, transport, banks, insurance companies, etc. which are considered as basic services are ensured by the government. (2) The more the development of the primary and secondary sectors, the more would be the demand for such services. (3) New services based on information and communication technology have become important and essential in a global world with technological advancement. (4) Rise in income has led to arise in the living standards of people, which automatically makes them demand services such as restaurants, hotels, gyms, shopping centres, private schools, colleges and hospitals. This boosts the tertiary sector. (Mention any 3 of the 4 points to get full marks).

Question. What are the main features of the Mahatma Gandhi National Rural Employment Guarantee Act-2005 (MNREGA)? Ans.  Main Features of MNREGA-2005: (1) It was implemented by the central government in India as the Right to work in 200 districts of India. (2) Under this Act, all those who are able to and are in need of work are guaranteed 100 days of employment in a year by the government. (3) If government fails in its duty to provide employment, it will give unemployment allowances to the people.

Question. ‘‘The primary sector I the most important sector of economic activity during the initial stages of development.’’ Evaluate the statement. Ans.  ‘‘The primary sector I the most important sector of economic activity during the initial stages of development.’’ This can be asserted using the following points: (1) Before technological advancement, people didn’t have much knowledge about construction, manufacturing or any crafts, they only knew how to produce and use natural products through farming, fishing or animal husbandry. It was the only way to sustain human life. (2) With development, the methods and procedures of farming changed and the agricultural sector prospered even more. (3) The sector produced a lot of products and maximum people were employed in this sector. With time technological advancements, people began to incline towards construction, manufacturing and other crafts. This was achieved after years of development.

Question. Distinguish between public sector and private sector in three points for each with examples.  Ans.

Question. Why is the organised sector preferred by employees? Explain. Ans . The organised sector is preferred by employees because – (1). Assured availability of work – Organised sector ensures year-long availability of work and continuous livelihood support. Employees in the unorganised sector don’t have continuous work available. (2) Job security – Workers in the organised sector enjoy security of employment. They are expected to work only a fixed number of hours. They are paid overtime otherwise. They cannot be removed withot any proper reason. (3) Added benefits and incentives – Employees of the organised sector get paid leave, provident fund and gratuity while employees of the unorganised sector do not have any such guarantee

Question. Suggest any three ways to save workers of unorganised sector from exploitation. Ans.  Measures to save employees of the unorganised sector from exploitation are : (1) Workers of the unorganised sector in rural areas are mostly farmers. They can be supported through adequate facility for timely delivery of seeds, agricultural inputs, credit, storage facilities and marketing outlets. (2) Workers involved in small scale industries also need support for procuring more raw material. This shall provide them with regular wages. (3) These workers should be educated, skilled and made aware of their human and labour rights to protect them from social discrimination and exploitation to the hands of their employers.

Long Answer Type Questions

Question. “The declining share of agriculture in the gross domestic product (GDP) is a matter of serious concern in India.” Support the statement. Ans.  The declining share of agriculture in the gross domestic product (GDP) is a matter of serious concern in India because: (1) Indian farmers are facing challenge from international competitors. (2) The government is reducing investment in the agricultural sector, especially the irrigation sector. (3) Subsidy in fertilisers has decreased, leading to a rise in the cost of production. (4) There has been a reduction in import duties on agricultural products. So cheap agricultural products are coming from abroad. (5) Farmers are withdrawing their investment in the agriculture industry, causing a downfall in employments.

Question. Explain how: (A) Public sector contributes to the economic development of a nation (B) Government contributes towards helping private sector grow Ans.  (A) In many ways does the public sector contributes to the economic development of our nation. Let’s go through some of the ways below in detail: (1) Public sector promotes rapid economic development through creation and expression of infrastructure. (2) t generates financial resources for development (3) It creates employment opportunities and ensures equality of income, wealth and thus a balanced regional development. (4) It encourages the development of small, medium and cottage industries, and ensures easy availability of goods at moderate rates. (5) Contributes to community development i.e., to the Human Development Index (HDI) via health and educational services. (Any 4 points will award full marks) (B) There are some activities, which the government has to support for the private sector to continue their production or business. For example, selling electricity at the cost of generation may push up the costs of production of industries. Many units, especially small-scale units, might have to shut down. Government steps in by producing and supplying electricity at rates which these industries can afford. Government has to bear part of the cost. Similarly, the government in India buys wheat and rice from farmers at a ‘fair price’. This it stores in its godowns and sells at a lower price to consumers through ration shops. In this way, the government supports both farmers and consumers.

Question. ‘There are a large number of activities which are the primary responsibility of the government.’ Do you agree to it? Support your view with arguments. Ans.  Yes, I agree. For example, (1) Providing health and education facilities for all is the prime responsibility of the governments at all levels. (2) Running proper schools and providing quality education, particularly elementary education is the duty of the government. India’s size of illiterate population is one of the largest in the world. (3) Similarly, half of India’s children are malnourished and a quarter of them are critically ill. Government also needs to pay attention to aspects of human development such as availability of safe drinking water, housing facilities, for the poor and food and nutrition. (4) It is also the duty of the government to take care of the poorest and most ignored regions of the country through increased spending in such areas.

Question. Describe the employment conditions prevailing in the unorganised sector of the economy. OR “Workers are exploited in the unorganised sector.” Give reasons to support this statement. Ans.  Employment conditions in the unorganized sector: (1) There are rule and regulations but these are not followed. (2) Jobs are not secured. (3) Jobs are low paid. (4) No provisions for over time, holidays, sick leaves etc. (5) People can be asked to leave without any reason. (6) They are largely outside the control of government. (7) Any other relevant point. Any five points to be described. 

Question. Highlight any five benefits of the organised sector, with examples. Ans . Benefits of the organised sector are as follows: (1) Workers of the organised sector get regular and assured employment. (2) Companies in the organised sector are registered/ enlisted under the government, and have to follow its rules and regulations which are mentioned in various laws such as Factories Act, Minimum Wages Act and Payment of Gratuity Act. (3) Workers in the organised sectors enjoy privileges of job security and are expected to work only for a fixed number of hours. (4) They also get several other benefits like paid leaves, provident fund, gratuity, etc. (5) They also receive medical benefits, pension, etc. (6) There is a provision for overtime payment, in case the workers do their duties after the fixed working hours.

Question. Show how tertiary sector has emerged as the largest producing sector in India. Ans.  Importance of Tertiary Sector : (1) Basic services like hospitals, educational institutions, defence, and transport are the part of tertiary sector. (2) Development of agriculture and industry leads to the development of services (3) As the income level rises, tourism, shopping, private schools and professional training also expands. People start demanding more services this leads to the expansion of the tertiary sector. (4) Information and communication technology also play an important role in this expansion. (5) Large number of workers are engaged in this sector, as the demand for services grow.

Question. Do you think the classification of economic activities into primary, secondary and tertiary is useful? If yes, give reasons to support your view. Ans.  Yes, it is very useful because (1) This classification gives us the total number of workers engaged in different sectors. (2) This classification gives us the clarity of share of each sector in GDP (3) This classification tells us which sectors is growing well and which one is lagging behind and accordingly measures can be taken to manage them. (4) This classification tells us how these sectors are interdependent on each other.

Related Posts

Case Study Questions Chapter 3 Water Resources

Nelson Mandela: Long Walk to Freedom Class 10 English Important Questions

Management of Natural Resources Class 10 Science Important Questions