By Keith Smith,2014-04-30 07:49
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Report on the Workshop on ‘Better Question Papers in Economics’

     One of the important issues in higher education requiring special attention is the relevance of the evaluation of students’ performance. The University Grants Commission circulated a Minimum Programme of Examination Reform in 1984. The Universities of Tamil Nadu in general implemented these reforms. At present in the University question papers there are in general three sections. The first section is of objective type or requiring one-word answers equally distributed over all the units of

    syllabus and are compulsory questions. The second section requires the

    short answers again made compulsory and equally distributed over all the units. The third section consists of either/or type questions for each unit of the syllabus. These questions require long answers.

     It is a known fact that these three types of questions naturally test different abilities of the students. The autonomous colleges have continuous internal assessment also. Therefore, it is necessary to maintain a certain proportion among these various components. But in recent years there has been a tendency to give more importance to objective type or one-word answer questions or memory recall type questions. This naturally may lead to an unreliable assessment of the knowledge and abilities of the students.

     Hence, with a view to study the present trend in question paper pattern and to chart out a plan of action, the Tamil Nadu State Council for Higher Education organised a workshop on “Towards Better Question

    thPapers” on 13 July 2002. This workshop suggested that a series of workshops be conducted subjectwise, inviting as participants the Chairmen and Members of the Boards of Studies and question paper setters. Based on this recommendation, the Tamil Nadu State Council for Higher Education decided to conduct a series of two-day workshops

    for each subject with the Chairmen and Members of Boards of Studies and Members of the Boards of Examiners (question paper setters) as participants.

    The second workshop in this series on Economics was conducted during 20-21 December 2002. The list of resource persons and participants who participated in this workshop is given in Annexure 1.

    During the workshop, after brief introductory remarks by the Resource Persons, highlighting the important issues pertaining to preparation of question papers, the participants discussed the framework for the model question papers with particular reference to the subject of Economics. It was felt that even though the syllabus has been unitized, the units are not of equal size. Therefore, the framework for the model question paper will have to be modified as follows: The objective type questions and very short questions will be compulsory and will be distributed over all the units. They will carry a maximum of 30 marks. In the sections pertaining to the short answer and long answer questions, there will be choice. Short answer questions will carry a total of 30 marks. 5 out of 7 questions will carry the maximum marks. Long answer questions will carry a total of 40 marks. 2 out of 4 questions will have to be answered. Thereafter, the participants divided themselves into groups and prepared model question papers. The papers prepared by one group was reviewed by the other groups and in the final session all the participants along with the resource persons discussed the details of the question papers and finalised 7 question papers which are given in Annexure 2 to 8. It is hoped that these question papers will serve as models for preparation of better question papers by the undergraduate question paper setters.

    Annexure 1

    Workshop on ‘Towards better question papers in Economics’

    thst20 and 21 December 2002

    Resource Persons

Dr. Siva Swaminathan,

    Retd. Professor, TTTI,

    G4 HIG Flats,

    Adayar Apartments,

    Kottur Gardens,

    Chennai 600 085.

Dr. Anand Kumar Raju,

    Head of the Department of English, Institute of Correspondence Education,

    University of Madras,

    Chennai 600 005.


    Mrs. Irene Chandrasekaran, Prof. and Head,

    Department of Economics, St. Mary‟s College,

    105 North Beach Road,

    Tuticorin 628 001.

Dr. (Tmt.) E. Gomathi,

    S.G. Lecturer in Economics, Government Arts College for Men, Nandanam, Chennai 600 035.

Dr. M. Gnanapragasam,

    Reader and Head,

    Department of Economics,

    Nadar Mahajana Sangam S. Vellaichamy Nadar College,

    Nagamalai, Maduai 625 019.

Thiru. L. Clement Baskar,

    Lecturer in Economics,

    Loyola College,

    Sterling Road, Nungambakkam, Chennai 600 034.

Mrs. K. Malarvizhi,

    Lecturer in Economics,

    M.O.P. Vaishnav College for Women, 20 IV Lane, Nungambakkam High Road, Chennai 600 034.

    Thiru. N.C. Chandrasekaran, Department of Economics,

    Kandasami Kandar‟s College,

    Velur, Salem 638 182.

    Dr. P.N.P. Mohammed Sahaputheen, Reader and Head of the Department of Economics,

    Jamal Mohamed College,

    Race Course, Khaja Nagar,

    Tiruchirapalli 620 020.

Prof. N.P. Hariharan,

    Madura College,

    TPK Road, Madurai 625 011.

Tmt. S. Kairunisa Begum,

    S.G. Lecturer in Economics, Sri Meenakshi Government College, Madurai 625 002.

Thiru. K. Kesavaram,

    Sr. Lecturer in Economics, Poonga College of Arts and Science, 56/1 East Coast Road, Chennai 600 119.

    Dr. Kanaga Sabesan Nagarajan, Department of Economics,

    Vivekananda College,

    Sri P.S. Sivaswami Salai, Mylapore, Chennai 600 004.

Tmt. Nalini Ravindran,

    Department of Economics,

    Quaid-e-millat Government Arts College for Women,

    Annasalai, Chennai 600 002.

Dr. K. Tamil Selvam,

    Department of Economics,

    Presidency College,

    Chennai 600 005.

Tmt. K. Hema,

    S.G. Lecturer in Economics, Chellammal Women‟s College,

    Guindy, Chennai 600 032.

    Annexures 2 to 8

    Model Question Papers for B.A. Economics










    M C Q ( 4 x 1 = 4 marks)

    1. Which of the following would not be considered as near-money?

    a) Time Deposits

    b) Saving and loan

    c) Treasury bills

    d) Demand Deposits

2. „High-powered‟ money is:

    a) Only banks‟ reserves with the Central Bank

    b) All bank loans

    c) Loans and security of banks

    d) Rupees held as legal bank reserves

    3. In the Hekscher - Ohlin Theory, the most important cause of the

    difference in relative commodity prices and trade between nations is a

    difference in:

    a) Factor Endowments

    b) Technology

    c) Tastes

    d) Demand conditions

4. Supply of money is:

    a) a stock concept

    b) a flow concept

    c) Both stock and flow concept

    d) Neither a stock nor a flow concept

State whether the following statements are True or False

    5. Scheduled Banks do not come under commercial banks (T/F)

    6. Bank Rate Policy is one of the quantitative credit control methods


Fill in the blanks:

7. Inflation is a situation is which the _______________ consistently

    rises (price level)

8. ____________________ is a Bankers‟ Bank (Central Bank)

Match the following:

9. List A List B

     1. Inflation a. Inflation + stagnation

     2. Deflation b. Revival from deflation

     3. Stagflation c. Decrease in price level

     4. Recovery d. Too much of money chasing

     too few goods

     e. Stability of price level

V. Short answer questions

1. State the functions of money

    2. What is value of money?

    State Grasham‟s Law

    3. Define neutrality of money

    4. Define classical Dichotomy

    5. What are the constituents of money supply? 6. What are the stages of trade cycle? 7. Name 4 term financing institutions in India? 8. Define Real Balance Effect

    9. State Friendman‟s Quantity Theory

    10. Name the instruments of quantitative credit control

Short answer Questions

    11. State the advantages of paper currency 12. Mention the features of the Gold standard 13. Distinguish between „Demand-pull‟ and „Cost-push‟ inflation

    14. What are the assets of commercial banks? 15. Enumerate the objectives of Nationalisation of commercial banks in


    16. What are the objectives of monetary policy? 17. Distinguish between fixed and floating exchange rates.

Long answer Questions

18. Compare and contrast Fishers Equation and Cambridge Equations

    19. Evaluate the role of RBI in the agricultural and industrial development

    of India

    20. Explain the Hawtrey‟s theory of trade cycle.

    21. Explain the role of IMF in solving the problem of international


Unit/ Objective type V. Short Short Long Total No. of

    Type of A. Section Questions

    question Multiple Fill up True/False Matching


    Unit I 2 1 3

    II 1 1 2

    III 3 2 5

    IV 1 2 1 1 5

    V 1 1 1 1 4

    VI 1 1 2

    VII 1 1

    VIII 1 1 1 1 4

    IX 1 1 2

    X 1 1 2

    Total No. of 4 2 2 1 10 7 4 30



    Section A (One mark each)

Answer all the questions

1. Which one of the following is a transfer income?

    a. The salary of MLA

    b. Company dividends to share holders

    c. Rent from house property

    d. Unemployment allowance

2. Equilibrium of an economy need not be at full employment level who

    said this?

    a. Adam Smith

    b. Ricardo

    c. Karl Marx

    d. Keynes

    3. Laissez faire policy is advocated by

    a. Adam Smith

    b. Samuelson

    c. Hicks

    d. Keynes

4. Unemployment is severe during

    a. Recession

    b. Boom

    c. Depression

    d. Recovery

    5. GNP - Depreciation = G.D.P (True/False)

6. MEC is high when there is business optimism (True/False)

    7. The measure of MPC is ______________.

8. Consumption function states the relationship between consumption

    and ________________.

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