CBSE Question Paper for Compartment Examination 2020-ECONOMICS (Code-58/C/1, 2, 3)



Code-58/C/1, 2, 3

                 Compartment Question Paper for Examination 2020

                                                    Class XII

                                                ECONOMICS(Theory)

    Time allowed: 3 hours                                         Maximum Marks: 100



General Instructions:

Read the following instructions very carefully and strictly follow them:

(i) This question paper comprises two sections- A and B. All questions are compulsory.

(ii) Question numbers 1 – 10 and 18 – 27 are very short-answer questions carrying 1 mark each. They are required to be answered in one word or one sentence each.

(iii) Question numbers 11 – 12 and 28 – 29 are short-answer questions carrying 3 marks each. Answers to them should not normally exceed 60 – 80 words each.

(iv)  Question numbers 13 – 15 and 30 – 32 are also short-answer questions carrying 4 marks each. Answers to them should not normally exceed 80 – 100 words each.

(v) Question numbers 16 – 17 and 33 – 34 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 – 150 words each.

(vi) Answers should be brief and to the point. Also, the above word limit be adhered to as far as possible.

(vii) There is no overall choice. However, an internal choice has been provided in 2 questions of one mark, 2 questions of three marks, 2 questions of four marks, and 2 questions of six marks. Only one of the choices in such questions have to be attempted.

(viii) In addition to this, separate instructions are given with each section and question, wherever necessary.


SECTION A

(Macro Economics)

 

One Mark Question                       

1. __________ (Aggregate Demand/Aggregate Supply) refers to total ex-ante expenditure in an economy during an accounting year.  (Fill in the blank with the correct alternative)

2. State whether the following statement is true or false:

‘‘Industrial waste driven into rivers is an example of a positive externality.’’ 

3. Define Current Account Surplus.

OR

Equilibrium in Balance of Payments is achieved when the net value of all the receipts and payments is ___________ (zero/positive). (Fill in the blank with the correct alternative)

4. If Marginal Propensity to Save (MPS) is equal to zero, the value of investment multiplier will be ___________.  (Fill in the blank with the correct answer)

5. State two components of Money Supply. (Set-1 & Set-2)

 

5. The value of money multiplier is equal to __________ . (Fill in the blank with the correct answer) (Set-3)

6. If Autonomous Consumption(C) is greater than zero, it indicates that the National Income of the economy will be __________. ) (Fill in the blank with the correct alternative)  

(a) rising

(b) falling

(c) zero

(d) constant

7. State whether the following statement is true or false:

‘‘Devaluation of currency is said to occur when the exchange rate is increased under the fixed exchange rate system.’’

 8. Define ‘Tax’. (Set-1) & (Set-3)

8. Define ‘indirect tax’. (Set-2)

9. The process of buying and selling of securities by the Central Bank of a country is known as ___________. (Fill in the blank with the correct alternative) (Set-1& Set-2)

(a) Margin Requirement

(b) Open Market Operations

(c) Cash Reserve ratio

(d) Statuary Liquidity Ratio

9. Define Demand deposit. (Set-3)

10._____________ is an example of a non-tax revenue receipt (Fill in the blank with the correct answer)                                                 

Three Marks Questions

11 ‘‘Final goods are those goods which are only consumed by the households.’’ Defend or refute the given statement with valid argument.

                                                            OR

Discuss briefly the meaning of ‘Value Addition’. (Set-1)

11. ‘‘Gross investment is always greater than net investment.’’ Defend or refute the given statement with valid argument.

OR

‘‘Net factor income from abroad can never be negative.’’ Defend or refute the given statement with valid argument. (Set-2)

11. Distinguish between exports and net factor income from abroad.

OR

‘‘Net factor income from abroad can never be negative.’’ Defend or refute the given statement with valid argument. (Set-3)

12. From the following data, calculate the (a) Consumption Expenditure and (b) Investment Expenditure for the economy.

S. No.

 

Particulars

 

Amount

 (in ₹)

 

                               i.             

Equilibrium level of income

 

5,000

                             ii.             

Autonomous consumption

 

500

                            iii.             

Marginal Propensity to Save

 

0.4

Four Marks Questions

 13. ‘‘A country deliberately keeps the value of its currency low under the managed floating system.’’ Discuss briefly how it will affect the exports of the country.

                                                            OR

On which side and in which sub-account of Balance of Payments, will ‘foreign investment in India’ be recorded? State valid reason for your answer.

14. Describe the ‘Banker to the Government'function of the Central Bank. (Set-1)

14. Describe the ‘Bank of currency issue’ function of the Central Bank. (Set-2)

14. Describe the ‘Bankers’ Bank’ function of the Central Bank. (Set-3)

15. Distinguish between fiscal deficit and revenue deficit in a Government Budget.

Six Marks Questions

16. (a) Giving valid reasons, state how the services of a ‘School Teacher’ will be undertaken in estimation of National Income.

(b) Distinguish between ‘Real Gross Domestic Product’ and ‘Nominal Gross Domestic Product’. 

                                                                                                                  (2+4) (Set-1& Set-3)                                                                                                                                    

16. (a)Discuss briefly how the money received from the sale of a second-hand car will be undertaken in estimation of National Income.

(b) Distinguish between ‘Real Gross Domestic Product’ and ‘Nominal Gross Domestic Product’.

   (2+4) (Set-2)

17 (a) ‘‘To boost the falling demand in the economy, Reserve Bank of India recently reduced Repo Rate and Reverse Repo Rate.’’ Elaborate the rationale behind the steps taken by the Central Bank.

     (b) Define involuntary unemployment. (4+2)

OR

What is meant by deflationary gap? State any two monetary measures to correct the situation of deflationary gap.

            SECTION B

                                         (Indian Economic Development)

One Mark Question

18. In China, commune system is related to ___________ sector. (Fill in the blank with the correct alternative)   

(a) agriculture

(b) industry

(c) service

(d) informal


19. Define ‘infrastructure’. (Set-1& Set-3)

19. Define ‘Jobless Growth’. (Set-2)

20. Economic growth combined with ___________ (equity/disparity) was the principal goal of planning in India. (Fill in the blank with the correct alternative)

21. State whether the following statement is true or false:

‘‘Elementary education covers both primary and middle level education.’’

22. Great Leap Forward (GLF) was the campaign launched by Mao in the year __________ (Choose the correct alternative) (Set-1)

(a) 1952

(b) 1958

(c) 1960

(d) 1968

27. The Great Leap Forward (GLF) campaign in China focused on ________ .

(Fill in the blank with the correct alternative) (Set-3)

(a) Industrialization

(b) Agriculture

(c) Privatisation

(d) Economic Reforms

23. Opening of ___________ Canal significantly reduced the cost of transportation of goods between Britain and India. (Fill in the blank)

24. State whether the following statement is true or false:

‘‘Smoke emitted by the industries leads to environmental pollution.’’(Choose the correct alternative)  (Set-1 & Set-3)

24. State whether the following statement is true or false:

‘‘Use of chlorofluorocarbons has led to ozone depletion.’’ (Set-2)

25. In the Industrial Policy Resolution of 1956, industries were classified in ____________ (two/three) categories.  (Fill in the blanks with the correct alternative) (Set-1)

25. State two components of Money Supply.(Set-2)

25. Define devaluation of currency. (Set-3)

26. In which of the following type of unemployment, is the marginal productivity of the worker zero? (Choose the correct alternative)

(a) Structural unemployment

(b) Involuntary unemployment

(c) Seasonal unemployment

(d) Disguised unemployment

27. Define Marketed Surplus.

OR

What is meant by Agricultural Productivity?

Three Marks Questions

28. State and discuss any two principal causes of environmental degradation

OR

Mention any two advantages of organic farming in India.

29. Discuss the role of the rural banking system in the process of rural development in India.(Set-1)

29. ‘‘Human capital formation gives birth to innovation, invention and technological improvements”. Do you agree with the given statement? Support your answer with valid arguments. (Set-2)

29. Describe any one strategy of sustainable development. (Set-3)

Four Marks Questions

30. The policy of liberalisation changed the role of Reserve Bank of India (RBI) from ‘a regulator’ to ‘a facilitator’ in the financial sector. Defend or refute the given statement with valid arguments. (Set1 & Set-2)

30. State and discuss any two reasons for the poor performance of industrial sector in the reforms period. (Set-3)

31. Compare India and Pakistan on the basis of their demography.

32. Discuss briefly the rationale behind choosing ‘self-reliance’ as an objective for the planning process of the Indian economy.

OR

‘‘India is often called as ‘outsourcing hub’ of the world.’’ State and discuss the prime reasons for this name given to India.

Six Marks Questions

33 (a) Define worker-population ratio. What does it signify?

(b) Discuss any two reforms which have been initiated recently to meet the energy crisis in India.(4+2)


OR

‘‘In India, the Poverty Alleviation Programmes have been found unsatisfactory due to many reasons.’’ Comment on any three such reasons.

34. (a) State how investment in human capital contributes to growth of an economy.

(b) Define the following (Any two):

(i) Golden Revolution

(ii) White Revolution

(iii) Green Revolution (4+2)   (Set-1)            

34. (a) ‘‘Infrastructure facilities raise productivity in tertiary sector of the economy.’’ Defend or refute the statement with valid argument.

(b) What is meant by informalisation of workforce? (4+2) (Set-2 & Set-3)



Note:

The above question paper for CBSE Economics for Compartment 2020- Code 58/C/1/2/3 combines the questions from all three sets so as to make it easy for the students to understand and analyse all the questions while preparing for their Board Examination. The questions on which set numbers are not mentioned belong to all three sets 58/C/1/2/3.

Original pdf. of Class XII Question Paper for Compartment Examination 2020- Code 58/C/1,2,3 is available on https://www.cbse.gov.in/cbsenew/question-paper.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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