Nios Economics (318) Tutor Marked Assignment Questions with their Answers .

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Nios Economics (318) Tutor Marked Assignment Questions with their Answers .
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Note: (i) All questions are compulsory. The Marks allotted for each question are given beside the questions.
(ii)Write your name, enrollment numbers, AI name and subject on the first page of the answer sheet.
(1)Answer any one of the following questions in about 40-60 words.
(a)”The world economy is broadly classified into two parts i.e. developed economy and developing economy.” In the light of the statement distinguish between these two economies on the basis of following features-:
(1)Dependence on agriculture.
(2)Heavy population pressure.
(b)”Planning is essential to ensure growth of any nation”. Do you agree with the given statement? Give two reasons and explain them to support your answer.
(a)“Economic development without growth is almost inconceivable.” Keeping this statement in view, distinguish between the concept of development and growth.
(b)”Underdeveloped economies suffer from a large number of issues”. Explain the common features of underdeveloped economies in the light of given statement.
(3)Answer any one of the following questions in about 40-60 words.
(a)“Unemployment is defined as a state of worklessness for a person who is fit and willing to work at the current wage rate. It is a condition of involuntary and not voluntary idleness”. Explain different types of unemployment in the light of above statement.
(b)Statistical data can be systematically organized and presented in the form of tables, graphs and charts. One such diagrams is a bar diagram. Explain the steps involved in construction of bar diagram.
(4)Answer any one of the following questions in about 100 to 150 words.
(a)Explain the following terms:
(1)Exclusive series
(2)Open end classes
(3)Cumulative frequency
(4)Class limit
(5)Tally Mark
(b)Unemployment rate is the percent of the labor force that is without work.It is calculated as below: Unemployment rate = (Unemployed Workers/Total labor force) × 100. Rates of unemployment, however, differ based on different concepts. Can you suggest some other methods of measuring
unemployment? Explain any two.
(5)Answer any one of the following questions in about 100 to 150 words.
(a)Different states in India have different living standards. Some states are comparatively rich while some are comparatively poor. Keeping this in view explain the causes of growing regional disparity in India.
(b)What are the differences between published and unpublished sources of data? Explain various sources of collection of primary and secondary data.
(6)Prepare any one project out of the given below:
(a)As you know that the aim of presenting a statistical data provides power of visual display to communicate the information efficiently. Prepare a project by taking this information into account. Visit a school nearby and collect the data related to the number of students admitted in the school for three years in humanities, commerce and science streams. Present the data in the form of multiple bar diagram, subdivided bar diagram and percentage bar diagram and also interpret the presentation.
(b)Data can be represented through various ways. Pie diagram which is a circle subdivided into component sectors to present the proportion of different constituent parts if the total is one of the ways to represent data in an understandable manner. You are required to identify ten items of your daily use in household and note the monthly expenditure on these items and prepare a Pie chart based on it.

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