Economic Systems and Scoring Indicators Quiz
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Questions and Answers

What is emphasized in the new curriculum regarding evaluation activities?

  • No evaluation activities required
  • Assessing only the process of learning
  • Assessing both the products and the process of learning (correct)
  • Only assessing the products of learning
  • In a constructive classroom, learners engage in activities to develop which of the following?

  • Competitiveness
  • Memorization skills
  • Attributes (correct)
  • A fixed mindset
  • What is the main objective of the book mentioned in the text?

  • To eliminate public examinations
  • To create fear about public examinations
  • To discourage learners from facing public examinations
  • To help learners face public examinations confidently (correct)
  • What does the text imply by mentioning 'continuous and comprehensive evaluation'?

    <p>Evaluating learners throughout the term</p> Signup and view all the answers

    What kind of learning is emphasized for real knowledge construction according to the text?

    <p>Active participation and engagement</p> Signup and view all the answers

    Which branch of economics would classify RBI formulating its new monetary policy?

    <p>Macroeconomics</p> Signup and view all the answers

    In which branch of economics would the statement 'Shyam purchased a new mobile phone' be classified?

    <p>Microeconomics</p> Signup and view all the answers

    Which economic concept is related to the statement 'Total Fixed Cost of a firm remains constant even if output increases'?

    <p>Elasticity of supply</p> Signup and view all the answers

    When National Income records the highest growth, it is most likely a concern of which branch of economics?

    <p>Macroeconomics</p> Signup and view all the answers

    Which economic system would mainly focus on planning mechanisms along with market mechanisms?

    <p>Mixed economy</p> Signup and view all the answers

    What is the main focus of the country in the provided scenario?

    <p>Providing educational and health facilities</p> Signup and view all the answers

    Which combination shows the highest priority to health facilities?

    <p>D (7 hospitals, 39 schools)</p> Signup and view all the answers

    If a country has already attained near total literacy, where on the PPC would it prefer to operate?

    <p>Upper portion of PPC</p> Signup and view all the answers

    In the context of utilizing resources for more health facilities, what is the suggested mechanism?

    <p>Centralized planning</p> Signup and view all the answers

    Which learning outcome from the text involves analyzing the central problems faced by an economy?

    <p>Analyzing central economic problems</p> Signup and view all the answers

    What should the country prioritize based on combination D in the schedule provided?

    <p>Health facilities over education</p> Signup and view all the answers

    What is the impact on the production possibility frontier as a result of increased inflow of foreign capital due to liberalisation policy?

    <p>PPC shifts upward</p> Signup and view all the answers

    Which branch of Economics focuses on the study of individual units and helpful in analyzing a micro economy?

    <p>Microeconomics</p> Signup and view all the answers

    In Economics, which branch is crucial for understanding the working of macroeconomy?

    <p>Macroeconomics</p> Signup and view all the answers

    Why is the study of aggregates equally important in Economics?

    <p>To understand the bigger picture in Economics</p> Signup and view all the answers

    Which type of economics classifies and gives examples for both microeconomics and macroeconomics?

    <p>Positive economics</p> Signup and view all the answers

    'Study of aggregates' refers to which branch of Economics?

    <p>Macroeconomics</p> Signup and view all the answers

    What is the budget line equation for Mr. Babu if he wants to buy rice and sugar with an income of Rs. 60 and market prices of Rs. 10 and Rs. 20, respectively?

    <p>60 = 10X1 + 20X2</p> Signup and view all the answers

    What are the constraints in the scenario of Mr. Babu wanting to buy rice and sugar at market prices of Rs. 10 and Rs. 20?

    <p>Income and market prices of both goods</p> Signup and view all the answers

    At what minimum level of income can Mr. Babu buy either 10 kg of rice or 5 kg of sugar?

    <p>Rs. 40</p> Signup and view all the answers

    What are the subsidised prices for the two goods that Mr. Babu can afford to buy 10 kg of rice and 5 kg of sugar?

    <p>Rs. 6 and Rs. 12</p> Signup and view all the answers

    What do we call the subsidised prices in Economics?

    <p>Fair prices</p> Signup and view all the answers

    Which scenario would require the government to provide assistance, according to the information given?

    <p>When income decreases</p> Signup and view all the answers

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