Board Paper of Class 12-Commerce 2020 Economics Delhi(Set 3) - Solutions
Read the following instructions very carefully and strictly follow them:
(i) Question paper comprises two Sections – A and B. All questions are compulsory.
(ii) Question number 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 number 11 – 12 and 28 – 29 are short-answer questions carrying 3 marks each. Answer to them should not normally exceed 60 – 80 words each.
(iv) Question number 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 number 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) Answer 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.
- Question 1
_________ deficit includes interest payment by the Government on the past loans.(Fill up the blanks with correct answer.VIEW SOLUTION
- Question 2
State, whether the following statement is true or false:
'Inventory is a stock variable.' VIEW SOLUTION
- Question 3
To reduce credit availability in the economy, the Centrla Bank may ________.(Choose the correct alternative)(a) buy securities in the open market.VIEW SOLUTION
(b) sell securities in the open market.
(c) reduce reserve ratio.
(d) reduce repo rate.
- Question 4
In case of an underemployment equilibrium, which of the following alternative is not true?(Choose the correct alternative)(a) Aggregate demand is equal to Aggregate supply.
(b) There exist excess production capacity in the economy.
(c) Resources are not fully and efficiently utilised.
(d) Resources are fully and efficiently utilised. VIEW SOLUTION
- Question 5
Which of the following is not a 'factor payment?(Choose the correct alternative)(a) Free uniform to defence personnel.
(b) Salaries to the Members of Parliament.
(c) Rent paid to the owner of a building.
(d) Scholarship given to the students. VIEW SOLUTION
- Question 6
State, whether the following statement is true or false :
'Margin requirement is raised by the Central Bank to increase money supply.' VIEW SOLUTION
- Question 7
If Marginal Propensity to Save (MPS) is 0.25 and initial change in investment is ₹ 250 crores, then the final change in income would be ___________.(Choose the correct alternative)(a) ₹ 1,000 crores
(b) ₹ 1,200 crores
(c) ₹ 500 crores
(d) ₹ 3,500 crores VIEW SOLUTION
- Question 8
Combined factor income, which can't be separated into various factor income components is known as ____________.(Fill up the blanks with correct answer).VIEW SOLUTION
- Question 9
Define the term 'Public Goods'. VIEW SOLUTION
- Question 10
Rent + Interest + Profit = __________.(Fill up the blank with correct answer.)
When Nominal Gross Domestic Product (GDP) is ₹ 850 crores and Price Index is 170, Real Gross Domestic Product (GDP) will be ________.(Fill up the blank with correct answer)VIEW SOLUTION
- Question 11
'Subsidies to the producers should be treated as transfer payments.' Defend or refute the given statement with valid reason.
Explain circular flow of income in a two sector economy. VIEW SOLUTION
- Question 12
Calculate Net Domestic Product at factor cost.
Particulars (₹ in crores) (i) Interest 700 (ii) Compensation of Employees 3,000 (iii) Net Indirect Taxes 500 (iv) Rent and Profit 700 (v) Transfer Payments by Government 10
- Question 13
In the given figure, what does the gap 'KT' represent ? State any two fiscal measures to correct the situation.
Explain how the 'Reverse Repo Rate' helps in correcting excess demand. VIEW SOLUTION
- Question 14
'Taxation is an effective tool to reduce the inequalities of income.' Justify the given statement with valid reasons. VIEW SOLUTION
- Question 15
Explain the function of Central Bank as 'Banker's Bank and Supervisor'. VIEW SOLUTION
- Question 16
Answer the following questions based on the data given below :(i) Planned Investments = ₹ 100 crore.(a) Determine the equilibrium level of income.
(ii) C = 50 + 0.50 Y
(b) Calculate the value of Savings at equilibrium level of National Income.
(c) Calculate the value of Investment Multiplier.
Discuss the working of the adjustment mechanism in the following situations :
(a) If Aggregate demand is greater than Aggregate supply.
(b) If Ex-Ante Investments are less than Ex-Ante Savings. VIEW SOLUTION
- Question 17
(a) Explain the relationship between fall in price of a US Dollar ($) and its demand.
(b) Distinguish between Autonomous items and Accommodating items. VIEW SOLUTION
- Question 18
'GLF' with respect to the People's Republic of China referred to as ________.(Choose the correct alternative).(a) Giant Leap Forward
(b) Great Lead Forum
(c) Great Leap Forward
(d) Giant Lead Forum VIEW SOLUTION
- Question 19
State whether the following statement is true or false :
"GATT was established in 1923 with 48 member countries." VIEW SOLUTION
- Question 20
Which of the following countries initiated its process of Economic Reforms in the year 1991.(Choose the correct alternative)(a) Pakistan
(d) China VIEW SOLUTION
- Question 21
Policy of 'Import Substitution' was targeted to protect ______ industries.(Fill up the blank with correct answer)VIEW SOLUTION
- Question 22
Which of the following is not used as a strategy for Sustainable Development ?(Choose the correct alternative)(a) Use of bio-gas
(b) Use of solar power
(c) Use of thermal power
(d) Use of hydel power 1 VIEW SOLUTION
- Question 23
Maternal Mortality Rate is high in ________________ (China/Pakistan).(Fill up the blank with correct alternative)VIEW SOLUTION
- Question 24
__________ is one of the main positive contribution made by the British in India.(Fill up the blank with correct answer)VIEW SOLUTION
- Question 25
State whether the following statement is true or false :
"As per the Human Development Report, 2018, India was ranked at 180th position." VIEW SOLUTION
- Question 26
If a construction site Manager hires two workers on daily wages basis, such a situation is covered under ______ (formal/informal) sector.(Fill up the blank with correct alternative)VIEW SOLUTION
- Question 27
Greater proportion of women workers are found in (urban/rural) areas as a component of Indian work force.(Choose the correct alternative)VIEW SOLUTION
- Question 28
Compare and analyse the given data of India & China, with valid reasons.
Country Annual Growth rate of population (2015) Gender Ratio
(Per thousand males)
India 1.2% 929 China 0.5% 941
Source: World Development Indicators, 2015. VIEW SOLUTION
- Question 29
Discuss briefly the concept of 'Informalisation of workforce' in India.
State any three challenges facing rural development in India. VIEW SOLUTION
- Question 30
“Modernisation as a planning objective shows a dichotomy with employment generation." Justify the statement.
State the two-fold motive for the systematic destabilisation of indigenous Indian industries in the British era. VIEW SOLUTION
- Question 31
State and discuss any two problems faced by power sector in India. VIEW SOLUTION
- Question 32
Discuss briefly any two salient features of India's pre-independence occupational structure.
Discuss briefly, the rationale behind "equity with growth” as planning objectives for Indian Economy. VIEW SOLUTION
- Question 33
(a) Distinguish between 'Green Revolution' & Golden Revolution'.VIEW SOLUTION
(b) How has women's health become a matter of great concern in India? Explain.
- Question 34
Critically examine the results of Poverty Alleviation Programmes implemented in India since Independence.
(a) “Ujjawala Yojana has been a game changer for rural India.” State any three conventional fuels being targeted under the Ujjawala Yojana.
(b). “Economists believe that India should spend atleast 6% of its GDP on Education for achieving desired results."
Justify the statement with valid reasons. VIEW SOLUTION