This Question Paper consists 32 questions and 8 Printed pages.

Bg àíZ-nÌ nw p ñVH$m Ho $ AÝVJ© V 32 àíZ Am¡ a 8 ‘w { ÐV n¥ ð > h¢ &

Sl. No.

Roll No.
AZw H « $ _m§ H $
Code No.
H$mo S > Z§ .
60/OSS/1
ECONOMICS
Set / go Q > C
AW©emó
(318)
Day and Date of Examination
(narjm H$m {XZ d {XZm§ H $)
Signature of Invigilators 1.
({ZarjH$m| Ho $ hñVmja)
2.
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1. Candidate must write his/her Roll Number on the first page of the Question Paper.
2. Please check the Question Paper to verify that the total pages and total number of questions contained in
the Question Paper are the same as those printed on the top of the first page. Also check to see that the
questions are in sequential order.
3. Making any identification mark in the Answer-Book or writing Roll Number anywhere other than the
specified places will lead to disqualification of the candidate.
4. Write your Question Paper Code No. 60 / OSS /1, Set - C on the Answer-Book.
5. (a) The Question Paper is in English/Hindi medium only. However, if you wish, you can answer in any
one of the languages listed below :
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for any errors/mistakes in understanding the question will be yours only.
gm_mÝ` AZwXoe :
1. narjmWu àíZ-nÌ Ho$ nhbo n¥ð> na AnZm AZwH«$‘m§H$ Adí¶ {bI|&
2. H¥$n¶m àíZ-nÌ H$mo Om±M b| {H$ àíZ-nÌ Ho$ Hw$b n¥ð>m| VWm àíZm| H$s CVZr hr g§»¶m h¡ {OVZr àW‘ n¥ð> Ho$ g~go D$na N>nr h¡& Bg ~mV
H$s Om±M ^r H$a b| {H$ àíZ H«${‘H$ ê$n ‘| h¢&
3. CÎma-nwpñVH$m ‘| nhMmZ-{M• ~ZmZo AWdm {Z{X©ï> ñWmZm| Ho$ A{V[aº$ H$ht ^r AZwH«$‘m§H$ {bIZo na narjmWu H$mo A¶mo½¶ R>ham¶m Om¶oJm&
4. AnZr CÎma-nwpñVH$m na àíZ-nÌ H$s H$moS> g§»¶m 60 / OSS /1, goQ> - C {bI|&
5. (H$) àíZ-nÌ Ho$db qhXr/A§J«oOr ‘mܶ‘ ‘| h¡& {’$a ^r, ¶{X Amn Mmh| Vmo ZrMo Xr JB© {H$gr EH$ ^mfm ‘| CÎma Xo gH$Vo h¢ :
A§J«oOr,qhXr,CX©ÿ,n§Om~r, ~§Jbm, V{‘b, ‘b¶mb‘, H$ÝZ‹S>, VobwJw, ‘amR>r, C{‹S>¶m, JwOamVr, H$m|H$Ur, ‘{Unwar, Ag{‘¶m, Zonmbr,
H$í‘rar, g§ñH¥$V Am¡a qgYr&
H¥$n¶m CÎma-nwpñVH$m ‘| {XE JE ~m°³g ‘| {bI| {H$ Amn {H$g ^mfm ‘| CÎma {bI aho h¢&
(I) ¶{X Amn qhXr Ed§ A§J«oOr Ho$ A{V[a³V {H$gr Aݶ ^mfm ‘| CÎma {bIVo h¢ Vmo àíZ H$mo g‘PZo ‘| hmoZo dmbr Ìw{Q>¶m|/Jb{V¶m| H$s
{Oå‘oXmar Ho$db AmnH$s hmoJr&

60/OSS/1-318-C] G-628 1  [ Contd......

 ECONOMICS
AW©emó
(318)
Time : 3 Hours] [Maximum Marks : 100
g_` : 3 KÊQ>o] [nyUmªH$ : 100

Note : i) All questions are compulsory.

ii) Marks allotted to each question are indicated against it.
iii) Each question from Question Nos. 1 to 10 has four alternatives - (A), (B), (C) and
(D), out of which one is most appropriate. Choose the correct answer among the
four alternatives and write it in your answer-book against the number of the ques-
tion. No extra time is allotted for attempting multiple choice questions.

{ZX}e: i) g^r àíZm| Ho$ CÎma Xr{OE &

ii) à˶oH$ àíZ Ho$ gm‘Zo CgHo$ A§H$ {bIo JE h¢ &
iii) àíZ g§»¶m 1 go 10 VH$ Ho$ à˶oH$ àíZ ‘| Mma {dH$ën-(A), (B), (C) VWm (D) h¢, {OZ‘| go EH$ g~go Cn¶wº$ h¡ & Mmam|
{dH$ënm| ‘| go ghr CÎma MwZ| VWm AnZr CÎma-nwpñVH$m ‘| àíZ g§»¶m Ho$ gm‘Zo CÎma {bI| & ~hþ-{dH$ënr àíZm| Ho$ {bE A{V[aº$
g‘¶ Zht {X¶m OmEJm &

1. The positional average which divides the series into two equal parts is : [1]
(A) Mode (B) Mean
(C) Median (D) Lower quartile
dh pñWVr¶ Am¡gV Omo l§Ibm H$mo Xmo g‘mZ ^mJm| ‘| ~m±Q>Vr h¡, ¶h h¡ :
(A) ~hþbH$ (B) ‘mܶ
(C) ‘mpܶH$m (D) {ZMbm MVwW©H$

2. The price elasticity of demand below the mid point of a downward sloping straight
line demand curve is : [1]
(A) Less than one (B) Greater than one
(C) Equal to one (D) Equal to zero
EH$ ZrMo H$s Amoa T>bdm± grYr aoIm ‘m±J dH«$ Ho$ ‘ܶ go ZrMo Ho$ ^mJ na ‘m±J H$s H$s‘V bmoM ¶h hmoVr h¡ :
(A) EH$ go H$‘ (B) EH$ go A{YH$
(C) EH$ Ho$ g‘mZ (D) eyݶ Ho$ g‘mZ

60/OSS/1-318-C] G-628 2  [ Contd......

3. When total utility is maximum, marginal utility is : [1]
(A) Increasing (B) Decreasing
(C) Negative (D) Zero
O~ Hw$b Cn¶mo{JVm A{YH$V‘ hmo, Vmo gr‘m±V Cn¶mo{JVm :
(A) ~‹T>Vr h¡> (B) KQ>Vr h¡
(C) G$UmË‘H$ hmoVr h¡ (D) eyݶ hmoVr h¡

4. When the money value of goods and services included in GDP is estimated on the
basis of prices of the current year, it is called? [1]
(A) Real GDP (B) Nominal GDP
(C) GDP at market prices (D) GDP at factor cost
O~ gH$b Kaoby CËnmX (Or. S>r. nr) ‘| em{‘b dñVwAm| Am¡a godmAm| H$m AZw‘mZ àM{bV ‘yë¶m| Ho$ AmYma na
bJm¶m OmVm h¡, Cgo ¶h H$hVo h¢ :
(A) dmñV{dH$ Or. S>r. nr (B) ‘m¡{ÐH$ Or. S>r. nr
(C) ~mOma H$s‘V na Or. S>r. nr (D) gmYZ bmJV na Or. S>r. nr

5. Goods and Service Tax (GST) is an example of : [1]

(A) Direct Tax (B) Indirect Tax
(C) Progressive Tax (D) Regressive Tax
dñVw Am¡a godm H$a (GST) BgH$m CXmhaU h¡ :
(A) à˶j H$a (B) Aà˶j H$a
(C) àJm‘r H$a (D) à{VJm‘r H$a

6. The difference between gross domestic product and net domestic product is : [1]
(A) Indirect Tax (B) Depreciation
(C) Subsidy (D) Transfer Payment
gH$b Kaoby CËnmX Am¡a {Zdb Kaoby CËnmX Ho$ ~rM H$m A§Va ¶h hmoVm h¡ :
(A) Aà˶j H$a (B) ‘yë¶õmg
(C) Am{W©H$ ghm¶Vm (D) hñVm§VaU ^wJVmZ

60/OSS/1-318-C] G-628 3  [ Contd......

7. The shape of perfectly inelastic supply curve is : [1]
(A) Parallel to X - axis (B) Upward sloping straight line
(C) Parallel to Y - axis (D) Downward sloping straight line
nyU©V¶m bmoMXma ny{V© dH«$ H$m AmH$ma ¶h hmoVm h¡ :
(A) X - Aj Ho$ g‘mZm§Va (B) Cna H$s Amoa T>bdm± grYr aoIm
(C) Y - Aj Ho$ g‘mZm§Va (D) ZrMo H$s Amoa T>bdm± grYr aoIm

8. Exchange of goods for goods is called : [1]

(A) Medium of exchange (B) Barter system of exchange
(C) Transfer of value exchange (D) None of the above
dñVw Ho$ ~Xbo dñVw H$m {d{Z‘¶ ¶h h¡ :
(A) {d{Z‘¶ H$m ‘mܶ‘ (B) dñVw H$s {d{Z‘¶ àUmbr
(C) ‘yë¶ hñVm§VaU {d{Z‘¶ (D) Cnamo³V ‘| go H$moB© Zht

9. The shape of Total Fixed Cost curve is : [1]

(A) Parallel to the X - axis (B) Parallel to the Y - axis
(C) Upward sloping (D) Downward sloping
Hw$b pñWa bmJV dH«$ H$m AmH$ma ¶h hmoVm h¡ :
(A) X - Aj Ho$ g‘mZm§Va (B) Y - Aj Ho$ g‘mZm§Va
(C) Cna H$s Amoa T>bdm± (D) ZrMo H$s Amoa T>bdm±

10. 'Increase' in supply leads to : [1]

(A) Upward movement on the supply curve
(B) Downward movement on the supply curve
(C) Leftward shift of supply curve
(D) Rightward shift of supply curve
Amny{V© ‘| "d¥{Õ' go ¶h hmoVm h¡ :
(A) ny{V© dH«$ na Cna H$s Amoa OmZm
(B) ny{V© dH«$ na ZrMo H$s Amoa OmZm
(C) ny{V© dH«$ H$m ~m±¶ {IgH$Zm
(D) ny{V© dH«$ H$m Xm±¶ {IgH$Zm
60/OSS/1-318-C] G-628 4  [ Contd......
11. Calculate Range from the following data : [3]
40, 45, 105, 108, 406, 440, 300, 39
{ZåZ{b{IV Am±H$‹S>m| go "{dñVma' H$m n[aH$bZ H$s{OE&
40, 45, 105, 108, 406, 440, 300, 39

12. State any three properties of correlation coefficient. [3]

ghg§~§Y JwUm§H$$ H$s H$moB© VrZ {deofVmE± ~VmBE&

13. How does the consumer decide as to how much to buy of a good, given price and
utility? [3]
H$s‘V Am¡a Cn¶mo{JVm {XE hmoZo na, EH$ Cn^mo³Vm ¶h H¡$go {ZpíMV H$aVm h¡ {H$ dh dñVw H$s {H$VZr ‘mÌm
IarXo?

14. A farmer undertakes farming on the land owned by him with the help of labour
services provided by his family members. He purchases fertilizers and insecticide
and pays water charges and electricity charges. Identify implicit costs and explicit
costs of farming. [3]
EH$ {H$gmZ AnZr IwX H$s O‘rZ na AnZo n[adma Ho$ Ûmam Xr J¶r l{‘H$ godmAm| H$s ghm¶Vm go IoVr H$aVm h¡&
dh ImX Am¡a H$sQ>ZmeH$ IarXVm h¡ Am¡a nmZr Am¡a {~Obr Ho$ {bE ^wJVmZ H$aVm h¡& IoVr H$aZo H$s ñnï> bmJVm|
Am¡a Amamo{nV bmJVm| H$s nhMmZ H$s{OE&

15. Name three types of measures of central tendency. [3]

Ho$ÝÐr¶ àd¥Vr ‘mnm| Ho$ VrZ àH$ma ~VmBE&

16. What do you mean by flow variable? Give two examples. [3]
àdmh Ma go Amn ³¶m AW© g‘PVo h¢? Xmo CXmhaU Xr{OE&

17. Why does an economic problem arise? Explain. [3]

Am{W©H$ g‘ñ¶m ³¶m| hmoVr h¡? g‘PmBE&

18. Explain 'Collusive' oligopoly. [3]

"Xþa^rg§{Y' Aënm{YH$ma g‘PmBE&

60/OSS/1-318-C] G-628 5  [ Contd......

19. Distinguish between private costs and social costs. [3]
{ZOr bmJVm| Am¡a gm‘m{OH$ bmJVm| Ho$ ~rM A§Va ~VmBE&

20. What do you mean by substitute good and complementary good? Give an example
of each. [3]
ñWmZmnÝZ dñVw Am¡a nyaH$ dñVw go ³¶m A{^àm¶ h¡? à˶oH$ H$m EH$-EH$ CXmhaU Xr{OE&

21. Calculate median marks : [4]

Marks 5 15 25 35 45 55
No. of Students 10 20 30 50 40 30
‘mpܶH$m A§H$ H$m n[aH$bZ H$s{OE :
A§H$ 5 15 25 35 45 55
{dÚm{W©¶m| H$s g§»¶m 10 20 30 50 40 30

22. Differentiate between average propensity to consume and marginal propensity to

consume. Value of which of the two can be greater than one and why? [4]
Am¡gV Cn^moJ àd¥{V Am¡a gr‘m±V Cn^moJ àd¥{V ‘| A§Va ~VmBE& BZ‘| go {H$g H$m ‘yë¶ EH$ go A{YH$ hmo gH$Vm
h¡ Am¡a ³¶m|&

23. Explain 'acceptance of deposits' function of commercial banks. [4]

dm{UÁ¶ ~¡H$m| H$s "O‘mAm| H$m ñdrH$maH$' H$m¶© g‘PmBE&

24. Explain the economic problem 'How to produce'. [4]

"H¡$go CËnmXZ H$a|' Am{W©H$ g‘ñ¶m g‘PmBE&

25. Explain the main precautions to be taken while calculating national income through
the Expenditure method. [4]
춶 {d{Y Ûmam amï´>r¶ Am¶ H$s JUZm ‘| br OmZo dmbr ‘w»¶ gmdYm{Z¶m± g‘PmBE&

26. Market for a good is in equilibrium. There is an 'increase' in demand for this good.
Explain the chain of effects of this change. [4]
EH$ dñVw H$m ~mOma g§VwbZ ‘| h¡& Bg dñVw H$s ‘m±J ‘| "d¥{Û' hmo OmVr h¡& Bg n[adV©Z go hmoZo dmbo à^mdm| H$s
l§¥Ibm g‘PmBE&
60/OSS/1-318-C] G-628 6  [ Contd......
27. Calculate (a) National income and (b) Net National Product at Market Price from the
given data below : [6]
(Rs. Crore)
i) Mixed income of self employed 2500
ii) Net factor income from abroad (–) 50
iii) Rent 500
iv) Consumption of fixed capital 400
v) Profits 300
vi) Compensation of employees 1600
vii) Net indirect tax 500
viii) Royalty 400
ix) Interest 500
x) Direct Tax 300
{ZåZ Am±H$‹S>m| go (a) amï´>r¶ Am¶ VWm (b) ~mOma H$s‘V na {Zdb amï´>r¶ CËnmX H$m n[aH$bZ H$s{OE :
(H$amo‹S> ê$.)
i) ñd¶‘ {Z¶mo{OVm| H$s {‘{lV Am¶ 2500
ii) {dXoem| go {Zdb H$maH$ Am¶ (–) 50
iii) {H$am¶m 500
iv) AMb ny±Or H$m Cn^moJ 400
v) bm^ 300
vi) H$‘©Mm[a¶m| H$m nm[al{‘H$ 1600
vii) {Zdb Aà˶j H$a 500
viii) am¶ëQ>r 400
ix) ã¶mO 500
x) à˶j H$a 300

28. Consumer consumes two commodities X and Y and is in equilibrium - The price of
Y increases. Explain the reactions of the consumer. [6]
EH$ Cn^moº$m Xmo dñVwAm| X Am¡a Y H$m Cn^moJ H$aVm h¡ Am¡a g§VwbZ ‘| h¡& Y H$s H$s‘V ~‹T> OmVr h¡& Cn^moº$m
H$s à{V{H«$¶mE± g‘PmBE&>

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29. Explain the role of (a) Bank rate and (b) Open Market Operations in controlling
excess demand in an economy. [6]
EH$ AW©ì¶dñWm ‘| ‘m±J Ho$ Am{Y³¶ H$mo {Z¶§ÌU H$aZo ‘| (a) ~¢H$ Xa VWm (b) Iwbo ~mOma H$s {H«$¶mE±± H$m
¶moJXmZ g‘PmBE&

30. a) State difference between "Change in supply" and "Change in quantity supplied".
[2]
b) A sellers sells 40 units of a good when price is Rs. 4 per unit. Price elasticity
of supply is 2. How much quantity will the seller supply when price rises to
Rs. 5 per unit. [4]
a) ""ny{V© ‘o§ n[adV©Z'' Am¡a ""ny{V© H$s ‘mÌm ‘| n[adV©Z'' Ho$ ~rM A§Va ~VmBE&
b) EH$ {dH«o$Vm EH$ dñVw H$s 4 ê$. à{V BH$mB© na 40 BH$mB© ~oMVm h¡& ny{V© H$s H$s‘V bmoM 2 h¡& H$s‘V ~‹T>
H$a 5 ê$. à{V BH$mB© hmoZo na dh dñVw H$s {H$VZr ‘mÌm ~oMoJm?>

31. Explain in brief any three objectives of government budget. [6]

gaH$mar ~OQ> Ho$ H$moB© VrZ CÔoí¶ g§jon ‘| g‘PmBE&

32. From the following data, construct an index for the year 2016 taking the year 2011
as base by the "Simple Average" of Price Relative method: [6]
Commodities A B C D E
Prices (2011) 50 40 80 100 20
Prices (2016) 70 60 100 120 20
{ZåZ{b{IV Am±H$‹S>m| go df© 2011 H$mo AmYma boH$a df© 2016 H$m ""gab Am¡gV ‘yë¶ AZwnmV'' {d{Y Ûmam EH$
gyMH$m±H$ ~ZmBE&
dñVwE± A B C D E
‘yë¶ (2011) 50 40 80 100 20
‘yë¶ (2016) 70 60 100 120 20



60/OSS/1-318-C] G-628 8 