CBSE Question Paper for Examination 2020-ECONOMICS (Code-58/3/1, 2, 3)
Code-58/3/1, 2, 3
Question
Paper for Examination 2020
Class XII
ECONOMICS
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. Which of the following is not a non-tax revenue receipt? (Choose the correct alternative)
(a)
Goods and Services tax
(b)
External grants
(c)
Dividends and profits
(d)
Disinvestment
2. Deflationary
gap indicates _________ (excess/deficient) demand in an economy. (Fill in the
blank with correct answer)
3. State, whether
the following statement is true or false:
‘‘Government budget is an annual statement showing actual receipts and actual payments of the government for the last fiscal year.’’
4. Name the components of money supply.
5. If the exchange rate of the home currency rises, the value of exports of the economy is likely to ________. (Fill in the blank with correct answer)
6. State the
meaning of Involuntary unemployment.
OR
Average Propensity to Save (APS)
is the ratio of ________ and ________ .
(Fill in the blanks with correct answer)
7. State, whether
the following statement is true or false :
‘‘The official reserve transactions are taken as the accommodating item in Balance of Payment (BOP).’’
8. Under Statutory Liquidity Ratio, commercial banks are required to keep a fraction of _________ in the form of liquid assets. (Choose the correct alternative)
(a) Total deposits
(b) Term deposits
(c) Total demand and term
deposits
(d) Current deposits
9. ‘Define ‘Foreign Exchange Rate’. (Set-1)
9. Define Autonomous items of Balance of Payment account. (Set-2)
9. Define Accommodating items in the Balance of Payment. (Set-3)
10. Primary deficit can be zero if _________. (Fill in the blank with correct alternative
(a) Fiscal deficit = Interest
payments
(b) Fiscal deficit < Interest
payments
(c) Fiscal deficit > Interest
payments
(d)
Revenue deficit < Fiscal deficit
Three Marks Questions
11. Distinguish
between a ‘Current account deficit’ and a ‘Trade deficit’.
OR
‘‘Balance of Payment (BOP) is always balanced in the accounting sense.’’ Defend or refute the given statement with valid reasons.
12. From the following data, calculate (a) Revenue deficit and (b) Fiscal deficit: (Set-1)
|
S.No. |
Particulars |
Amount (in
₹ crores) |
|
i. |
Tax
Revenue |
1,000 |
|
ii. |
Revenue
Expenditure |
3,821 |
|
iii. |
Non-tax
Revenue |
2,000 |
|
iv. |
Recovery
of Loans |
135 |
|
v. |
Capital
Expenditure |
574 |
|
vi. |
Disinvestment |
100 |
|
vii. |
Interest
Payments |
1,013 |
12. From the following data, calculate (a) Revenue deficit and (b) Fiscal deficit: (Set-2)
|
|
Particulars |
Amount (in
₹ crores) |
|
i.
|
Tax
Revenue |
1200 |
|
ii.
|
Revenue
Expenditure |
3700 |
|
iii.
|
Non-tax
Revenue |
2,000 |
|
iv.
|
Recovery
of Loans |
145 |
|
v.
|
Capital
Expenditure |
500 |
|
vi.
|
Disinvestment |
120 |
|
vii.
|
Interest
Payments |
1,070 |
12. From the
following data, calculate (a) Revenue deficit and (b) Fiscal deficit: (Set-3)
|
|
Particulars |
Amount (in
₹ crores) |
|
i.
|
Tax
Revenue |
1000 |
|
ii.
|
Revenue
Expenditure |
3500 |
|
iii.
|
Non-tax
Revenue |
2,300 |
|
iv.
|
Recovery
of Loans |
145 |
|
v.
|
Capital
Expenditure |
580 |
|
vi.
|
Disinvestment |
300 |
|
vii.
|
Interest
Payments |
1,013 |
Four Marks Questions
13. In the given figure, what does the gap ‘KT’ represent? State and discuss any two fiscal measures to correct the situation.
For Visually Impaired Candidates:
What is meant by deflationary gap? State and discuss any two fiscal measures to correct the situation of deflationary gap.
14. ‘‘To boost the falling demand in the economy, the Reserve Bank of India recently reduced Repo rate.’’ Elaborate the rationale behind the steps taken by the Central Bank.
15. Calculate Gross
Value Added at Market Price (GVAMP) from the following data :
|
S.No. |
Particulars |
Amount (in ₹ lakhs) |
|
1 |
Depreciation |
20 |
|
2 |
Domestic Sales |
200 |
|
3 |
Change in
Stock |
(–) 10 |
|
4 |
Exports |
10 |
|
5 |
Single Use
Producer Goods |
120 |
|
6 |
Net Indirect
Taxes |
20 |
The value of the Nominal Gross National Product (GNP) of an economy was ₹ 2,500 crores in a particular year. The value of GNP of that country during the same year, evaluated at the price of base year was ₹3,000 crores.
OR
Calculate the value of GNP deflator of the year in percentage terms. Has the price level risen between the base year and the year under consideration?
Six Marks Questions
16. Answer the
following questions based on the data given below: (Set-1)
(i) Planned investment = ₹100 crore
(ii) C = 50 + 0·5 Y
(a) Determine the equilibrium
level of income.
(b) Calculate the saving and consumption expenditure at equilibrium level of National Income.
16. Answer the following questions based on the data given below:
(Set-2)& (Set-3)
(i) Planned level of investment =
₹200 crore
(ii) C = 50 + 0·8 Y
(a) Determine the equilibrium
level of income.
(b) Calculate the saving and consumption expenditure at equilibrium level of National Income.
17. Define the
problem of double counting in the estimation of National Income. Discuss two
approaches to correct the problem of double counting.
OR
Define
the following:
(a)
Capital Goods
(b)
Gross Domestic Product
(c)
Flow Variables
(d) Income from property and
entrepreneurship
SECTION B
(Indian Economic
Development)
One Mark Question
18. __________ is one of the taxes eliminated after implementation of Goods and Services Tax (GST). (Fill in the blank with correct answer)
19. _________ and _________ currency notes of old Mahatma Gandhi series were banned as legal tender money on 8th November, 2016. (Choose the correct alternative)
(a)
₹ 50 and ₹100
(b)
₹500 and ₹1000
(c)
₹ 500 and ₹ 2000
(d) ₹ 500 and ₹ 200
20. Fixing of maximum land holding (ownership) for an individual is known as ___________ . (Fill in the blank with correct answer)
21.
Central
Pollution Control Board (CPCB) has identified ___________categories of large
and medium industries as polluting industries. (Choose the correct alternative)
(a) 15
(b) 17
(c) 19
(d) 13
22.
‘‘Google
in India has hired 4000 graduate students.’’
The given statement deals with formal sector/informal sector employment. (Pick the correct type of employment).
23. The first Industrial Policy Resolution in Independent India was introduced in the year ___________. (Choose the correct alternative)
(a) 1948
(b) 1950
(c) 1954
(d) 1956
24. State the meaning of Cooperative Marketing. (Set-1)
24. State the meaning of the term ‘Livestock’. (Set-2)
25. State the meaning of ‘Self-Help Groups’. (Set-3
25. Define ‘Human
Capital Formation’.
OR
Identify
the correct sequence of alternatives given in Column II by matching them
with their respective years in Column I :
|
Column
I |
Column
II |
||
|
a. |
Jan
Dhan Yojana |
(i) |
2005 |
|
b. |
Task Force on
projections of the Minimum Needs
and Effective Consumption Demand |
(ii) |
1962 |
|
c. |
Mahatma Gandhi
National Rural Employment
Guarantee Act |
(iii) |
1979 |
|
d. |
Study Group
formed by the Planning Commission
for Poverty |
(iv) |
2014 |
Choose the correct alternative from the following:
(a) a-(iv), b-(i), c-(ii),
d-(iii)
(b) a-(iv), b-(ii), c-(i),
d-(iii)
(c) a-(iv), b-(iii), c-(i),
d-(ii)
(d) a-(iv), b-(ii), c-(iii), d-(i)
26. State the meaning of ‘Commune’.
27. Arrange the following events in chronological order and choose the correct alternative:
(i) Establishment of People’s
Republic of China
(ii) Creation of Pakistan
(iii) First Five-Year Plan of
India
(iv) First Five-Year Plan of China
Alternatives:
(a) (i), (iv), (ii), (iii)
(b) (iii), (ii), (i), (iv)
(c) (ii), (i), (iii), (iv)
(d) (iv), (iii), (ii), (i)
Three Marks Questions
28. ‘‘It is
necessary to create employment in the formal sector rather than in the informal
sector.’’ Defend or refute the given statement with valid arguments.
OR
State and discuss any two challenges in the Power sector of India.
29. ‘‘Rapid increase in economic growth surely trickles down to the people under the absolutely poor category.’’ Defend or refute the given statement with valid arguments.
Four Marks Questions
30. ‘‘Agriculture
sector appears to be adversely affected by the economic reform process.’’
Explain the given statement
OR
India is often called the ‘Outsourcing Destination’ of the world. Discuss the prime reasons for this name given to India.
31. ‘‘India, China and Pakistan have travelled more than seven decades of developmental path with varied results.’’ Explain the given statement with valid arguments.
32. Discuss briefly the rationale behind choosing ‘Self-reliance’ as a planning objective for the Indian economy. (Set-1)
32.
Discuss
briefly the rationale behind choosing ‘Modernisation as a planning objective
for the Indian economy. (Set-2)
32. Discuss briefly the rationale behind implementation of land reforms in the post-independence era. (Set-3)
Six Marks Questions
33. (a) State the meaning of ‘Poverty Line’. (Set-1)
(b) Define the following:
(i) Carrying capacity of environment
(ii) Absorptive capacity of environment (2+4)
33.
(a)
‘‘Human capital formation gives birth to innovation, invention and
technological improvements.’’ Do you agree with the given statement? Support
your answer with valid arguments.
(b) Critically evaluate the role of rural banking system in the process of rural development in India. (Set-2)
34. (a) State the
meaning of the term ‘transient poor’.
(b) Critically examine the role of ‘Rural Banking’ sector in India. (2+4) (Set-3)
34. (a) ‘‘Ujjwala Yojana has been a game changer for rural India.’’ State any three conventional fuels being targeted under the LPG cylinder distribution scheme (Ujjwala Yojana).
(b) ‘‘The Indian Health System needs a stronger dose of public expenditure to cure it.Justify the given statement with valid arguments.
OR
(a) Why are less women found in regular
salaried employment?
(b) Analyse the recent trends in sectoral distribution of workforce in India:
Trends
in Employment Pattern (Sector wise), 1993 – 2012 (in %)
|
Sector |
1993 – 94 |
1999 – 2000 |
2011 – 12 |
|
Primary |
64 |
60.4 |
48.9 |
|
Secondary |
16 |
15.8 |
24.3 |
|
Services |
20 |
23.8 |
26.8 |
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