Question Paper

CBSE 12th Economics Paper 2020

CBSE 12th Economics Paper 2020
CBSE 12th Economics Paper 2020

SECTION A (Macro Economics)

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. 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’.

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

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 :

cbse economics paper 2020 question no 12
cbse economics paper 2020 question no 12

13. In the given figure, what does the gap KT represent ? State and discuss any two fiscal measures to correct the situation.

cbse economics paper question no 13
cbse economics paper question no 13

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 th following data :

cbse economics paper 2020 question no 15
cbse economics paper 2020 question no 15

OR
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.

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 ?

16. Answer the following questions based on the data given below :
(i) Planned investment = 100 crore
(ii) C = 50 + 0:5Y.

(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)

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,

25. Define ‘Human Capital Formation’. OR Identify the correct sequence of alternatives given in Column Il by matching them with their respective years in Column I: Column

cbse economics paper 2020 question no 25
cbse economics paper 2020 question no 25

(A) a-(iv), b-(i), c-(ii), d-(iii)
(B) a-(iv), b-(ii), c-(i), d-(ii)
(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)

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.

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.

33. (a) State the meaning of ‘Poverty Line’.
(b) Define the following:
(i) Carrying capacity of environment
(ii) Absorptive capacity of environment

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 itself.” 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 (Sectorwise),

cbse economics paper 2020 question no 34
cbse economics paper 2020 question no 34

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