NIOS CLASS 10TH Economics (214) SOLVED TMA In ENGLISH Medium PDF SESSION 2024 - 25

Q 1. (a) “Economic facts and figures are called Positive Economics whereas Normative Economics deals with “What ought to be.” Explain the statement with appropriate examples.
Answer - Positive economics focuses on objective facts and data, describing "what is." For example, "unemployment is at 5%."

Normative economics involves value judgments, addressing "what ought to be," such as "the government should reduce unemployment."

While positive economics is descriptive, normative economics is prescriptive, reflecting
opinions on economic policies and goals. 

Q 2. (b) Compare the basis of allocation of resources in the capitalist economic system and the planned economic system. 
Answer – In a capitalist economic system, resources are allocated through market forces—supply, demand, and price mechanisms—driven by individual choices and competition. In contrast, a planned economic system allocates resources based on government decisions and central planning, where the state determines production, distribution, and pricing to meet collective goals rather than market demand.

Q 3. (a) (i) Suppose you are a seller of apples and you have 100 kg of apples for sale. The market price is Rs 20 per kg. At this price, the demand for apples is only 60 kg. How will it affect the price of apples fixed by you?
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(ii) As in Question No. (i), if for Rs 20 per kg, the demand for apples is 150 kg. How will this affect the price of apples fixed by you? 

Q 4. (a) Suggest some effective measures for Indian farmers to sell out their agricultural products at support price fixed by the Government to protect their interest against exploitation from food grain merchants

Q 5. (b) “Establishment of Zamindary System by the British rule was used as an instrument to exploit the resources of Indian Economy for their own purposes”.Elaborate the statement. 

Q 6. (b) Prepare a Project on Blood Donation Program in your nearby rural areas under the provision of the National Rural Health Mission (NRHM). Write down various steps to be taken to organize the program. 

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