Karnataka SSLC Question Paper 2022 Answer Key Economics

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KARNATAKA SECONDARY EDUCATION EXAMINATION BOARD, MALLESHWARAM,
BANGALORE – 560 003

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S. S. L. C. EXAMINATION, MARCH/APRIL, 2022

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Date : 01. 04. 2022 ] CODE NO. : 96-E

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Subject : ECONOMICS

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[ V⁄¬Œ⁄r @MO⁄V⁄◊⁄fl : 80
[ Max. Marks : 80

Qn. Sub.
Value Points Marks
Nos. Qn.No.
I. Four choices are given for each of the following
questions / incomplete statements. Choose the
correct answer and write the complete answer along
with its letter of alphabet. 10 × 1 = 10

1. The country that has the least national income is

(A) Nepal (B) China
(C) India (D) Japan.

(A) Nepal 1

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2. The bank that got nationalised in 1955 is
(A) State Bank of Mysore
(B) State Bank of India
(C) Canara Bank
(D) Union Bank.
(B) State Bank of India 1
3. Unproductive agricultural loan means loans
(A) to social activities
(B) to purchase land
(C) for irrigation facilities
(D) to permanent development of land.
(A) to social activities 1
4. The loans usually given by the government during
drought, famine, floods etc. are
(A) Long term loans
(B) Short term loans
(C) Medium term loans
(D) Taccavi loans.
(D) Taccavi loans 1
5. National Industrial Board was established in the year
(A) 1951 (B) 1953
(C) 1955 (D) 1965.
(C) 1955 1
6. ‘‘Industrialise or perish’’ was said by
(A) Mahatma Gandhi (B) Sir M. Vishveshwaraiah
(C) Jawaharlal Nehru (D) Dr. B. R. Ambedkar.
(B) Sir M. Vishveshwaraiah 1

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7. The main aim of ‘20 point’ programme is
(A) providing free education
(B) removal of poverty
(C) providing free medical facilities
(D) providing housing facilities.
(B) removal of poverty 1
8. The programme launched in 1952 to develop rural areas
was
(A) Food for Work Programme
(B) Integrated Rural Development Programme
(C) Community Development Programme
(D) Jawahar Rojgar Yojana.
(C) Community Development Programmes 1
9. Broad gauge is related to
(A) Railways (B) Waterways
(C) Airways (D) Roadways.
(A) Railways 1
10. Riks bank is in
(A) Japan (B) Sweden
(C) India (D) England.
(B) Sweden 1
II. Match list A with list B and write them : 5×1=5
A B
a) South Western Railway i) Chennai
b) Southern Railway ii) Mumbai
c) Eastern Railway iii) New Delhi
d) Central Railway iv) Allahabad
e) Northern Railway v) Kolkata
vi) Jaipur
vii) Hubli.

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A B
a) South Western Railway vii) Hubli
b) Southern Railway i) Chennai
c) Eastern Railway v) Kolkata
d) Central Railway ii) Mumbai
e) Northern Railway iii) New Delhi 5
III. Answer the following questions in a word or sentence
each : 15 × 1 = 15
12. What is economic development according to Meier and

Baldwin ?
A process whereby an economy's real national income

over a long period time.
1

13. Why is Human Development Index developed ?

To measure standard of living of human beings.
1

14. The achievement of Human Development in India is
slow. Why ?

Low level of education, health facilities and income. 1

15. Why are the Regional Rural Banks established ?

To provide finance to marginal, small farmers and
landless labourers. 1

16. Industrial policy was very essential to India in 1947.

Why ?

Lack of raw materials, capital and technology. 1

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17. What is disinvestment ?
To the sale of equity of public enterprises to private
sector. 1
18. What is Industrialization ?
Establishment and expansion of industries throughout
the country.
1
19. What is poverty ?
The situation where the individuals are unable to fulfil
their basic requirements of life. 1
20. What does poverty line indicate ?
The level of income / expenditure required to satisfy the
minimum basic needs of a person. 1
21. What is the main objective of Food for Work
programme ?
Providing jobs to unemployed in and around the place of
living and to give foodgrain to them instead of money.
1
22. What is central bank according to Veera Smith ?
A banking system in which a single bank has either a
complete or residuary monopoly in the note issue. 1
23. Where is the headquarters of Reserve Bank of India ?
Mumbai 1
24. What is Trade ?
Buying and selling of goods and services. 1

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25. What is Foreign Exchange ?
Exchange of currency of one country with the currency
of other countries. 1
26. What is Foreign Trade ?
Trade between the countries. 1
IV. Answer the following questions in about two to four
sentences / points each 14 × 2 = 28

27. Underdeveloped countries fail to implement effective
welfare schemes. Why ?
— lack of political will
— bribery, corruption, nepotism and red tapism in
bureaucracy ruin. 2
28. List out the demerits of moneylenders.
— take the signature or thumb impression on blank
bond paper
— never give any receipts
— compound interest
— lend loans for productive and unproductive purpose. 2
29. What are the functions of National Bank for Agriculture
and Rural Development ?
— plans and developmental programmes
— source bank for the institutional credit agencies
— supervise the programmes
— Kisan credit cards
— research and development fund. 2

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30. Explain the importance of industrial development in
India.
— proper utilization of resources
— large scale investment
— division of labour
— structural change in the economy
— mechanization. 2
31. Mention the characteristics of small scale industries.
— easy to establish
— less investment
— labour is employed on wages
— managed by small entrepreneurs
— uses locally available resources. 2
32. Poverty is wide spread in India. Why ?
— rapid growth in population
— low productivity in agriculture
— rising prices
— unemployment problem
— lack of proper implementation of poverty alleviation
programmes. 2
33. Prime Minister’s Integrated Urban Poverty Eradication
Programme has reduced poverty level in urban areas.
Justify.
— self employment strategy
— shelter upgradation strategy
— providing loans and grants
— controlling basic reasons for poverty. 2

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34. Social basic infrastructure increases human efficiency.

How ?

— education

— health

— drinking water

— housing

— sanitation. 2

35. How does Air Transport help in the development of the

country ?

— helpful during natural calamities

— relief operation during emergency

— important role in defence of the country

— suitable for long distance. 2

36. Name the kinds of roads in India.

— National Highways

— State Highways

— District Roads

— Rural Roads. 2

37. How does the Board of Financial Supervision work ?

— bank inspections

— off-site surveillance

— statutory auditor

— internal security. 2

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38. How is Central Board of Reserve Bank formed ?
— One governor and four deputy governors
— Four directors
— Experts in different fields
— Representatives from finance department. 2
39. Explain the direction of India’s export trade.
— Before independence — Britain
— Trade agreements with all the continents 2
40. List out India’s imports.
Petroleum, oil and lubricants, gold, silver, electronics,
chemicals and machineries. 2
V. Answer the following questions in about five to six
sentences / points each : 6 × 3 = 18
41. Mention the characteristics of developed countries.
— Importance to Industrial Sector
— High level of capital formation
— Use of skills and technology
— Slow rate of population growth
— availability, equality, education and health facilities
— availability of good infrastructure. 3
42. Explain the necessity of agricultural finance.
— development of agricultural land
— monetary payment
— to increase agricultural productivity
— agricultural implements
— natural phenomena
— modern agricultural system
— other purposes. 3

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43. List out the problems of small scale industries.
— Problem of raw materials
— Financial problems
— Use of outdated technology
— Power scarcity
— Marketing problems
— High cost of production
— Competition of large scale industries. 3
44. Explain the two types of poverty.
— Absolute poverty — in the view of economic
condition — basic needs — level of consumption
— Relative poverty — comparison with other
countries — per capita income — inequality 3
45. Which are the training institutions of Reserve Bank of
India ?
— As part of RBI
— College of agricultural banking
— Reserve Bank of India staff college
— Autonomous Institutions
— National Institute for Banking Management
— Indira Gandhi Institute
— Development and Research Institute 3
46. Every nation needs foreign trade. Why ?
— Import of basic goods
— Maintaining stability in prices
— Industrial development
— Expansion of market
— Advantages of the movement of capital
— International peace and cooperation
— Utilization of resources
— Transfer of science and technology. 3

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VI. Answer the following question in about eight to ten
sentences / points : 1×4=4
47. What are the characteristics of underdeveloped
economy ?
— Economic characteristics
— Capital deficiency
— Lack of manpower planning
— Lack of modern technology
— Inadequate financial institutions
— Lack of basic infrastructure
— Non-economic characteristics
— Social characteristics
— Political characteristics
— Administrative characteristics. 4

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