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When Every Child Matters!

The Global Classroom carries the unique GEMS “Dynamic” materials and assessments of Dr Sunita Gandhi, Ph.D. Cambridge University, UK. These have been tested and tried in three countries, Iceland, India and the UK, and perfected with a three year trial with over 40,000 children in India participating.

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Covering Chapters
1.	The Productive Mechanism	7.	The Theory of Supply
2.	Land	8.	Public Finance
3.	Labour	9.	Money and Banking
4.	Capital	10.	Economic Planning in India: Needs Objectives and Strategies
5.	Enterprise	11.	Five Year Plans and Economic Development
6.	The Theory of Demand

Questions

Questions 7		Time : 8 mins 5 Marks
(a)	Discuss the determinants of the productivity of land.

Questions 7		Time : 8 mins 5 Marks
(b)	Explain the demand pull type of inflation.

Questions 8		Time : 8 mins 5 Marks
(a)	Explain canons of taxation.

Questions 8		Time : 8 mins 5 Marks
(b)	State the differences (any five) between the cental bank and the commercial bank.

Questions 9		Time : 8 mins 5 Marks
(a)	Mention the factors determining the supply of a commodity.

Questions 9		Time : 8 mins 5 Marks
(b)	Mention five factors determining capital formation.

Questions 10		Time : 8 mins 5 Marks
(a)	What are the basic features of planning in India?

Questions 10		Time : 8 mins 5 Marks
(b)	Explain movement along the demand curve.

Solutions Tips and Guidelines

Solution 10
(b)	Movement along the demand curve - When the quantity demanded of a commodity changes (rises or falls) as a result of change in its own price, while the other determinants of demand (income, tastes and preferences, prices or related goods), remain constant, it is known as movement along the demand curve or change in quantity demanded.
	When demand decreases due to rise in price we move up along the demand curve (from point A to point B) called contraction in demand. On the other hand, when demand increases due to fall in price, we move down along the demand curve (from point A to point C) , called extension in demand.

Tips / Guidelines :
(i)	Draw relevant diagram and label it properly and correctly.
(ii)	Movement along a demand curve and shifts in the demand curve are different from each other.
(iii)	There is difference between contraction in demand and decrease in demand and extension in demand and increase in demand.

•	The MAXIM Classbook

•	GEMS Dynamic Assessments

•	PerBooks Personalised TopicBooks

•	Sure Success Series

•	TargetPLUS On-Line Mocks

•	UK GCSE Mock Papers for Mathematics

•	GEMS “Dynamic” at a Glance

•	Philosophy Behind GEMS “Dynamic”

•	GEMS “Dynamic” Surveys and Perbooks

•	GEMS “Dynamic” Reports

•	GEMS “Dynamic” Training

•	GEMS “Dynamic” Lab School?