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ICSE Board Exam 2001 : Economic Applications

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ECONOMIC APPLICATIONS - 2001 (Two Hours) Answers to this Paper must be written on the paper provided separately. You will not be allowed to write during the first 15 minutes. This time is to be spent in reading the question paper. The time given at the head of this Paper is the time allowed for writing the answers. Attempt all questions from Part I and any four questions from Part II. The intended marks for questions or parts of questions are given in brackets [ ]. PAPER I (40 Marks) Attempt all questions from this Section. Question 1 (a) How is the supply of labour different from the supply of other goods? [3] (b) What is bank-rate? How does it influence the total money supply? [4] (c) M ention three salient features of Joint Stock Companies. [3] Question 2 (a) "Deficit financing should only be used as a last resort." Comment. [3] (b) What is a Public Corporation? How does it differ from a Departmental Organization? [4] (c) What is meant by the economic infrastructure of an economy? M ention its principal components. [3] Question 3

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Additional Info : Solved ICSE Board exam paper study guide - ICSE 2001 : ECONOMIC APPLICATIONS - I.C.S.E. Free Online Question Paper
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