Marking Scheme

PART-A

  1. (a)1
  2. (a) Arithmetic Mean 1
  3. Random sampling is that method of sampling in which every items of the universe has equal chance of being selected in the sample. 1
  4. Standard deviation is the square root of the arithmetic mean of the squires of deviation of the items from their mean value. 1
  5. Bar diagram is two-dimension diagram.1
  6. Statistics is collection, presentation, analysis and interpretation of data.

There are three characteristics of Statistics as follows:

  1. Aggregate of facts.
  2. Numerically expressed.
  3. Enumerated or estimated.
  4. Any other related point.(1+2)
  1. Formation of multiple bar diagram of

(a)Art faculty.

(b)Science faculty.

(c)Commerce faculty.(1+1+1)

  1. Rules of tabular presentation of data.

A-We should take table number, title, head notes, stub notes, foot notes etc

B-Table must be an ideal size.

C-Title should be compatible with the objective of the study.

D-Any other related points.(1+1+1)

  1. Formulation of histogram.3
  2. Main limitations of statistics are-

A-It is numerical facts only.

B-It is study of numerical facts only.

C-Results of statistics are true only on an average.

D-Any other related points. (1+1+1)

  1. Rank correlation Table.

Formula.

Solution and answer (Rk= -.393) (1+1+2)

  1. If all values are to be given equal importance then mean will be most suitable.

If a number repeating most frequently in a series then mode will be most suitable.

If the number of variables are very less then mean will be most suitable.

If there is no importance of highest and lowest limit then median or mode will be suitable.

Any other suitable points.4

  1. Arithmetic Mean Table

Formula

Solution and answer (Mean= 12.961)(1+1+2)

OR

Quartile Deviation Table

Formula

Solution and answer (Q1= 40)

  1. 1. Differences between Census and Sampling method on the (3+3)

Basis of (i) Area(ii) Accuracy(iii)Cost and time(iv) Any other related point

2. Differences between Primary and Secondary data on the basis of

(i) Originality (ii) Cost and time (iii)Accuracy(iv) any other related point

  1. (a) Mean deviation in the average of deviations of all the values taken from a statistical average of a series.

Mean Deviation Table

Formula

Solution and answer (MD= 2.05)( 1+2+1+2)

  1. Standard Deviation Table

Formula

Solution and answer (SD= 3.28)(2+1+3)

  1. When some definite connection exists two or more groups, classes or series their is said to be correlation.

Formula

Table

Solution and answer r=0.993(1+1+1+3)

  1. Index number is devices for measuring difference in the magnitudes of a group of related variables.

Problems-

To decide the purpose of index number.

To select the base year.

Selection of goods and services.

Selection the prices of goods and services.

Selection of method of weighting.

Any other related points.

OR

The consumer price index is the index number which measures the average change in prices paid by the specific class of consumers for goods and services consumed by them in the current year in comparision with base year.

Uses-

It helps to Formulation of price policy.

It helps to Wage adjustment.

It helps to Measurement of real values.

It helps to Analysis of markets.(1+5)

It helps to calculate national income deflator.

Any other relevant points.

PART-B

  1. Disinvestment is a process in which government sells the shares of PSUs to the private sectors. 1
  2. (a) India1
  3. Inward looking trade policy refers the policy of import substitution in domestic market. 1
  4. (i) Backwardness of Indian agriculture

(ii) Decay of Indian Handicrafts

(iii) Restriction on Indian-Foreign trade

(iv) Any other related point3

  1. (i) Trade was in stagnant condition

(ii) Net importer of finished goods

(iii) Net exporter of raw materials

(iv)Any other related points3

  1. (i) Low level of productivity

(ii) High degree of vulnerability

(iii) A Wedge between owners of the soil and tillers of the soil.

(iv) Any other related point3

  1. Liberalization of the economy means its freedom from direct or physical controls imposed by the government. Two steps are as follows;

(i)Industrial Sector Reforms

(ii)Financial Sector Reforms

(iii)Fiscal Reform

(iv)Any other related point4

OR

Privatization is the general process of involving the private sector in the ownership or operation of a state owned enterprise. Reasons behind privatization are :

(i)Heavy loses of public sector units

(ii)Inefficient performance of public sector units

(iii)Any other related points

  1. These reasons were responsible for decay of handicrafts

(i)Discriminatory Tariff policy of the state

(ii)Disappearance of princely courts

(iii)Competition from Machine made products

(iv)New patterns of Demand

(v)Introduction of Railways in India

Any four from the above4

  1. Poverty line is a line dividing rich and poor section of people. By planning commission it is decided 2400 calories per day for rural area and 2100 calories per day for urban areas people.

Description of two programmes started by government to iradicate poverty.

1-Swarn Jayanti Gram Swarojgaar Yojana.

2- Swarn Jayanti Sahari Rojgaar Yojana.

Any other programme.(2+2+2)

  1. Examine to economic reform on these basis

(i)Impact on agriculture.

(ii)Economic welfare

(iii)Self-sufficiency.( 2+2+2)

  1. Skilled and expertise people of a nation is considered as a human capital on the other hand physical capital refers to the product means of production.

Different sources of human capital formation are-

Expenditure on education.

Expenditure on health.

Expenditure on-the-job training.

Expenditure on information.

Any other related points.(2+4)