Consumption (& crore)<\/strong><\/td>\n| 50<\/td>\n | 75<\/td>\n | 100<\/td>\n | 150<\/td>\n | 200<\/td>\n | 250<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n Alternatives :
\n(A) 50
\n(B) 100
\n(C) 200
\n(D) 0<\/p>\n 5. If in an economy the initial deposits are rs.4,000 crore and Reserve Ratio (RR) is 10%. The value of total deposit created would be rs _____ crore.<\/h2>\n(Fill up the blank with correct alternative.)
\n(A) 4,000
\n(B) 40,000
\n(C) 2,000
\n(D) 20,000<\/p>\n 6. “Mr. Sahotra borrowed funds from bank for purchasing a new house”.
\nFrom the above statement, identify the indicated function of money :<\/h2>\n(A) Medium of exchange
\n(B) Store of value
\n(C) Unit of account
\n(D) Standard of deferred payments<\/p>\n 7. If in an economy the Balance of Trade is showing a deficit of ? 200 crore and the value of import is ? 900 crore, then the value of exports would be ______ \u0441r\u043er\u0435.<\/h2>\n(Fill up the blank with correct alternative.)<\/p>\n (A) 200
\n(B) 1100
\n(C) 700
\n(D) 900<\/p>\n 8. In a hypothetical economy, if entire additional income is consumed, the value of investment multiplier would be ______<\/h2>\n(Fill up the blank with correct alternative.)<\/p>\n (A) One (1)
\n(B) Zero (0)
\n(C) Between zero (0) and one (1)
\n(D) Infinity (\u221e)<\/p>\n 9. Identify, which of the following is not considered as Normal Resident’ of India?<\/h2>\n(A) An Indian citizen working in U.S.A. embassy located at New Delhi.
\n(B) An Indian officials working in Indian embassy in China.
\n(C) An Indian diplomats visiting Canada for a summit.
\n(D) An Indian working in an American Company located in New York for a period of more than 1 year.<\/p>\n 10. Read the following statements carefully :<\/h2>\nStatement 1:<\/strong> Ex-post savings and Ex-post investments are equal at all
\nlevels of income.
\nStatement 2:<\/strong> Under the effective demand principle, the equilibrium output is equal to ex-ante Aggregate Demand (AD).<\/h2>\nIn the light of the given statements, choose the correct alternative from the following :
\n(A) Statement 1 is true and Statement 2 is false.
\n(B) Statement 1 is false and Statement 2 is true.
\n(C) Both Statemente 1 and 2 are true.
\n(D) Both Statements 1 and 2 are false.<\/p>\n 11. Trade Deficit must exist, if a country is facing situation of Current Account Deficit (CAD).”
\nDefend or refute the above mentioned statement with valid arguments.<\/h2>\n12 (a) Calculate Net Value Added at Factor Cost (NVAp) from the following data :<\/h2>\n\n\n\n| S. No.<\/td>\n | Particulars<\/td>\n | Amount (in 7 Lakh)<\/td>\n<\/tr>\n | \n| (i)<\/td>\n | Fixed capital goods
\n(expected life span – 5 years)<\/td>\n | 15<\/td>\n<\/tr>\n | \n| (ii)<\/td>\n | Domestic Sales<\/td>\n | 220<\/td>\n<\/tr>\n | \n| (iii)<\/td>\n | Change in stock<\/td>\n | (-) 10<\/td>\n<\/tr>\n | \n| (iv)<\/td>\n | Exports<\/td>\n | 10<\/td>\n<\/tr>\n | \n| (v)<\/td>\n | Single use producer goods<\/td>\n | 100<\/td>\n<\/tr>\n | \n| (vi)<\/td>\n | Net indirect taxes<\/td>\n | 20<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n OR<\/p>\n (b) From the following data, estimate the value of Net Indirect Taxes :<\/h2>\n\n\n\n| S. No.<\/td>\n | Particulars<\/td>\n | Amount (7 in crore)<\/td>\n<\/tr>\n | \n| (i)<\/td>\n | Net National Product at
\nMarket Price (NNP MP)<\/td>\n | 1400<\/td>\n<\/tr>\n | \n| (ii)<\/td>\n | Net Factor Income from abroad<\/td>\n | (-) 10<\/td>\n<\/tr>\n | \n| (iii)<\/td>\n | Gross National Product at
\nFactor Cost (GNP PC)<\/td>\n | 1300<\/td>\n<\/tr>\n | \n| (iv)<\/td>\n | Consumption of fixed capital<\/td>\n | 80<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n 13. From the following data calculate Investment Multiplier and Equilibrium level Income in the economy.<\/h2>\n(i) Change in initial investment (Al) = rs. 1,000 crore
\n(ii) Marginal Propensity to Save (MPS) = 0.5
\n(iii) Autonomous consumption (*) = rs. 50 crore
\n(iv) Planned investment = rs. 100 crore<\/p>\n 14. “Open Market Operation by the Reserve Bank of India (RBI) helps in regulating money supply in the economy.”<\/h2>\nJustify the given statement.<\/p>\n 15. “With an objective to reduce inflation, government may reduce public Expenditure.”
\nDiscuss the rationale behind such a step which may be taken by the Government.<\/h2>\n(ii) Define Effective Demand Principle.<\/h2>\nOR<\/p>\n (b) (i) State the meaning of ‘unintended accumulation of inventories.<\/h2>\n(ii) “In an economy, Aggregate Demand (AD) is more than Aggregate Supply (AS).
\n“Elaborate the possible impacts of the same, on the level of output, income and employment.<\/h2>\n(16)(a) (i)\u00a0 With suitable examples Distinguish between Direct tax and
\nIndirect tax.<\/h2>\n(ii) Responding to the Prime Minister’s ‘Give it up campaign’ a large number of Indian families have voluntarily surrendered their cooking gas subsidy.
\nIdentify and explain the objective behind this action taken by the Government of India.<\/h2>\nOR<\/p>\n (b) (i) Distinguish between Revenue Receipts and Capital Receipts of the government, with suitable example.<\/h2>\n(ii) “Under ‘Zero Defect, Zero Effect’ (ZED) scheme, the Government of India provides up to 80% subsidy to Micro, Small and Medium Enterprises (MSMEs).”
\nIdentify and explain the objective of government budget. highlighted in the above text.<\/h2>\n17. (a) As per The Economic Times report, dated April 11, 2023
\n“Electrie Vehicle sales cross 10 Lakh mark in financial year 2022-23.”
\nAnalyse the likely impacts of this news on Gross Domestic Product
\n(GDP) and Welfare.<\/h2>\n(b) Discuss briefly, the circular flow of income in a two sector economy model.<\/h2>\nSECTION – B
\n(Indian Economic Development)<\/p>\n 18. Read the following statements carefully :
\nStatement 1:<\/strong> China has used Market system mechanism without loosing political commitment to create additional social and economic opportunities.
\nStatement 2 :<\/strong> India, Pakistan and China have similar physical endowments but totally different Political systems.<\/h2>\n(A) Statement 1 is true and Statement 2 is false.
\n(B) Statement 1 is false and Statement 2 is true.
\n(C) Both Statements 1 and 2 are true.
\n(D) Both Statements 1 and 2 are false.<\/p>\n 19. Read the following statements carefully :
\nStatement 1 :<\/strong> Casual workers are hired on a permanent basis and also get social security benefits.
\nStatement 2:<\/strong> Workforce comprises, both employed and unemployed person.
\nIn the light of the given statements, choose the correct alternative from the following :<\/h2>\n(A) Statement 1 is true and Statement 2 is false.
\n(B) Statement 1 is false and Statement 2 is true.
\n(C) Both Statements 1 and 2 are true.
\n(D) Both Statements 1 and 2 are false.<\/p>\n 20. _____ indicator may be defined as the measure of the extent of demographic participation in Social and Political decision making in a Country.
\n(Fill up the blank with correct alternative.)<\/h2>\n(A) Economic
\n(B) Health
\n(C) Demographic
\n(D) Liberty<\/p>\n 21. The scheme of ‘Micro Finance’ is extended through ______ credit provision.
\n(Fill up the blank with correct alternative.)<\/h2>\n(A) Self help groups
\n(B) Land Development Banks
\n(C) Regional Rural Banks
\n(D) Commercial Banks<\/p>\n 22. Introduction of Economic Reforms in Pakistan took place in year ______
\n(Fill up the blank with correct alternative.)<\/h2>\n(A) 1978
\n(B) 1980
\n(C) 1988
\n(D) 1991<\/p>\n 23. Read the following statements carefully :
\nStatement 1: Outsourcing is one of the important outcome of globalization process.
\nStatement 2: Owing to globalization, many Indian companies have expanded their operation abroad.
\nIn the light of the given statements, choose the correct alternative from the following :<\/h2>\n(A) Statement 1 is true and Statement 2 is false.
\n(B) Statement 1 is false and Statement 2 is true.
\n(C) Both statement 1 and 2 are true.
\n(D) Both statement 1 and 2 are false.<\/p>\n 24. Study the following picture :<\/h2>\n![\"\"](\"https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2024\/03\/Screenshot_1-2.png\") <\/p>\n
Identify the kind of activities, which may be envisaged under _____ as diversification activity.<\/h2>\n(Fill up the blank with correct alternative.)<\/p>\n Alternatives :
\n(A) Animal Husbandry
\n(B) Fisheries
\n(C) Horticulture
\n(D) Organie farming<\/p>\n For Visually Impaired Candidates:<\/strong><\/p>\n______ farming is a system that is helpful in restoring, maintaining and enhaneing the ecological balance.<\/h2>\n(Choose the correct alternative to fill in the blank.)<\/p>\n (A) Multi layered
\n(C) Organic
\n(B) Chemical
\n(D) Conventional<\/p>\n 25. After independence, the rationale behind choosing Modernization as a planning objectives for the Indian economy were ______<\/h2>\nI. To bring positive changes in the social outlook
\nII. Equitable distribution of income
\nIII. Technological Upgradation
\nIV. Increase in Economic Divide<\/p>\n Alternatives :
\n(A) I and II
\n(B) I and III
\n(C) I and III
\n(D) I and IV<\/p>\n 26. From the events given in Column-I and facts given in Column-II about China, choose the correct pair :<\/h2>\n\n\n\nColumn – I<\/strong><\/td>\nColumn – II<\/strong><\/td>\n<\/tr>\n\n| Structural transformation<\/td>\n | Limited Urbanisation<\/td>\n<\/tr>\n | \n| Great leap forward campaign<\/td>\n | Reduced global demand for Chinese products<\/td>\n<\/tr>\n | \n| Less stress of usage on natural resources<\/td>\n | Low density of population<\/td>\n<\/tr>\n | \n| Slowdown in GDP, since 2014<\/td>\n | Aimed at massive industrialisation<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n Alternatives :
\n(A) (a) – (i)
\n(B) (b) – (ii)
\n(C) (c) – (iii)
\n(D) (d) – (iv)<\/p>\n 27. Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below :
\nAssertion (A) :<\/strong> India could not develop a sound Industrial-base during the British rule.
\nReason (R) :<\/strong> Britishers followed restrictive trade policies, which strengthened Indian handicraft industries.<\/h2>\nAlternatives :<\/p>\n (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
\n(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
\n(C) Assertion (A) is true, but Reason (R) is false.
\n(D) Assertion (A) is false, but Reason (R) is true.<\/p>\n 28. Explain the role of quality education in human capital formation in a country.<\/h2>\n29. (a) “Opening up of Suez Canal helped in establishing the British monopoly control over India’s foreign trade”.
\nJustify the given statement with valid arguments.<\/h2>\nOR<\/p>\n (b) “Development of Railways during British rule encouraged colonial exploitation of the Indian resources.”
\nJustify the given statement with valid arguments.<\/h2>\n30. From the given data, Compare and analyse Annual growth of Population and Urbanisation of China and Pakistan, with valid reasons :<\/h2>\nDemographic Indicators, 2017-18<\/strong><\/p>\n\n\n\nCountry<\/strong><\/td>\nEstimated Population (in million)<\/strong><\/td>\nAnnual<\/strong>
\nGrowth of<\/strong>
\nPopulation<\/strong><\/td>\nPopulation Density (per sq. km)<\/strong><\/td>\nSex Ratio<\/strong><\/td>\nFertility<\/strong>
\nRate<\/strong><\/td>\nUrbanisation<\/strong><\/td>\n<\/tr>\n\n| India<\/td>\n | 1352<\/td>\n | 1.03<\/td>\n | 455<\/td>\n | 924<\/td>\n | 2.2<\/td>\n | 34<\/td>\n<\/tr>\n | \n| China<\/td>\n | 1393<\/td>\n | 0.46<\/td>\n | 148<\/td>\n | 949<\/td>\n | 1.7<\/td>\n | 59<\/td>\n<\/tr>\n | \n| Pakistan<\/td>\n | 212<\/td>\n | 2.05<\/td>\n | 275<\/td>\n | 943<\/td>\n | 3.6<\/td>\n | 37<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n 31. (a) Study the following chart of Employment and Gross Domestic Product. Analyse the trend of the two variables between 1990-2012.<\/h2>\n![\"\"](\"https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2024\/03\/Screenshot_2.png\") <\/p>\n
For Visually Impaired Candidates :<\/strong><\/p>\nExplain why are regular salaried employees more in urban areas than in rural areas.<\/h2>\n(b) Define Worker – Population Ratio.<\/p>\n 32. (a) (i) development is an essential element to obtain the full potential of the rural sector in India”.
\nJustify the given statement with valid arguments.<\/h2>\n(ii) State the meaning of Human Development.<\/h2>\nOR<\/p>\n (b) “In a nation like India, self employment provides an important avenue for employment generation.”
\nDefend or refute the given statement with valid arguments.<\/h2>\n33. (a) (i) “Direct and active participation of state was considered essential in Industrial development process in period 1950-1990.”
\nJustify the given statement with valid explanation.<\/h2>\n(ii) “New Economic Policy 1991 altered the role of Reserve Bank of India (RBI) in the economy.”
\nJustify the given statement with valid explanation.<\/h2>\nOR<\/p>\n (b) (i) Explain the changes that were observed in India’s occupational structure during the British rule.<\/h2>\n(ii) “Navratan Policy of the government has helped in improving the performance of Public Sector Undertakings in India.”
\nDo you agree with the given statement? Justify your answer with valid arguments.<\/h2>\n","protected":false},"excerpt":{"rendered":"The Central Board of Secondary Education (CBSE) conducted the Class 12th Economics paper on March 17. The exam lasted for three hours, commencing at 10:30 am and concluding at 1:30 pm. The majority of students managed to complete the paper within the allotted time and even had some time left for revision. The multiple-choice questions […]<\/p>\n","protected":false},"author":21830,"featured_media":148375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-149679","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-education"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/149679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=149679"}],"version-history":[{"count":3,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/149679\/revisions"}],"predecessor-version":[{"id":149751,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/149679\/revisions\/149751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/148375"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=149679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=149679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=149679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | | | | | | | | | | ![\"\"](\"https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2024\/03\/Screenshot_1-1.png\")
<\/p>\n