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Economics (318)
Tutor Marked Assignment
Total Marks: 20

Note: (i) All questions are compulsory. The Marks allotted for each question are given beside the questions.
(ii) Write your name, enrollment numbers, AI name and subject on the first page of the answer sheet.

1. Answer any one of the following questions in about 40-60 words.
(a) “In spite of achieving remarkable progress in the economic growth of the country, India is still a developing economy”. List out any four reasons. (See Lesson – 1)
(b)“During post independence period Indian economy was facing challenges to mobilize the available resources in a right direction but it could not be possible without effective economic planning”. Justify the importance of economic planning in the light of the statement. (See Lesson– 2)

2. Answer any one of the following questions in about 40 to 60 words.
(a) Your teacher has given instruction to use primary data in the project work for internal assessment as per guidelines provided by CBSE Board Examination. Following the instruction, list out various methods of collecting primary data. (See Lesson – 6)
(b) The following are the marks (out of 100) of 60 students in Science)
55, 26, 95, 31, 7, 78, 92, 62, 52, 56, 15, 63, 25, 36, 54, 44, 47, 27, 72, 16, 13, 55, 80, 86, 17, 51, 48, 24, 56, 70, 19, 61, 17, 16, 36, 34, 42, 34, 35, 72, 55, 75, 31, 52, 28,72, 97, 74, 45, 62, 68, 86, 35, 85, 36, 81, 75, 34, 24, 30.
Prepare ‘Exclusive and inclusive series’ with tally sheet and frequency of the given series by taking class interval 5. (See Lesson – 6)

3. Answer any one of the following questions in about 40 to 60 words.
(a) “Agricultural sector is responsible to increase the extent of disguised unemployment in our economy.” Explain the statement with example. (See Lesson–4)
(b) “The concept sustainable development provides the basis of preserving our available resources for the development of economy globally”. Explain reasons. (See Lesson–3)

4.Answer any one of the following questions in about 100 to 150 words. Word limit is not applicable for numerical questions.
(a) repare pie diagram of given expenditure of a family on various items;
(b) “Statistics plays a very important role in the field of economics. There is need of statistical data in every walk of life. No field of study is complete without the supporting quantitative information about that field”. Taking the concept into your consideration, explain need and scope of statistics. (See Lesson – 5)

5. Answer any one of the following questions in about 100 to 150 words.
(a) Positive economics relates to the phenomenon of ‘what is’ which is based on facts whereas Normative economics deals with the issue of ‘what ought to be’ and is based on value judgment. Elaborate the statement with suitable example. (See Lesson–12)
(b) Mr. X is the owner of a production unit at Sahibabad Industrial Zone After one year, he experienced the three stages of production but he decided to continue his production of goods in the 2nd stage of production. Why? Give reasons. (See Lesson- 17)

6. Prepare project any one of the topics given below-
(a) Prepare a Project work on ‘The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)’ introduced by the Govt. under the structure of following headings-
• Introduction
• Meaning and present situation of employment in the recent years
• A brief description of ‘The Mahatma Gandhi National Rural Employment Guarantee Scheme’ (MGNREGS)’
• Objectives and relevance of the scheme in the context of Indian economy
• Conclusion and Suggestions (See Lesson – 4)
(b) Prepare a project on the Profit maximization condition of a FIRM –
You are suggested to visit to a firm located in the nearby locality and collect data related to cost of production, revenue and production of 7000 units of output of the firm during the period of 7 days based on the following headings –
• Introduction
• Objectives
• Concept of TR and TC approach and equilibrium condition
• Presentation of Schedule
• Graphical Presentation
• Interpretation (See Lesson – 23)