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Board Paper of Class 12-Commerce 2022 Economics Delhi(SET 3) - Solutions

General lnstructions:

1. This question paper contains 13 questions.

2. All questions are compulsory. Marks are indicated against each question.

3. This question paper contains 5 questions of 2 marks each, 5 questions of 3 marks each and 3 questions of 5 marks each.

4. 2 marks questions are short-answer type questions and are to be answered in 30-50 words.

5. 3 marks questions are also short-answer type questions and are to be answered in 50-80 Words

6. 5 marks questions are long-answer type questions and are to be answered in 80-120 words.

7. There is no overall choice in the question paper. However, internal choices have been provided in few questions.

The candidates need to attempt only one question from such questions.

8. This question paper contains Case/Source Based question also.

  • Question 1
    'Health is a yardstick of human well-being'.
    Justify the given statement with valid explanation. VIEW SOLUTION

  • Question 2
    Distinguish between Consumption goods and Capital goods.


    Distinguish between net export and net factor income from abroad. VIEW SOLUTION

  • Question 3
    'Consumption function curve of an involuntary unemployed workers start from some positive level on Y-axis even at zero level of Income'.
    Justify the given statement. VIEW SOLUTION

  • Question 4
    Compare and analyse the sector-wise trends in employment, based on following information:
    Trends in Employment (Sector-wise)
    Primary sector
    Secondary sector
    Tertiary sector


    Ram is an owner of a salon. He is temporarily absent from work due to injury. 
    Can he be considered as worker? Explain. VIEW SOLUTION

  • Question 5
    At the break-even point level of incomes for the economy is ₹10,000 crores and if the people tends to save 20 per cent of their additional income, then calculate the value of autonomous consumption.


    An Economy is in equilibrium, calculate the Marginal Propensity to Save (MPS) from the following:
    (i) National Income (Y) = ₹4,400
    (ii) Autonomous Consumption (C) = ₹1,000
    (iii) Investment Expenditure (I)  = ₹100

  • Question 6
    "Gross Domestic Product (GDP) as an indicator of welfare loses its significance if the distribution of income turns unequal".
    Justify the given statement with valid reason.


    Giving valid reasons, explain how the following would be treated while estimating domestic income?
    (i) Payment made by a Japanese tourist for goods purchased in India.
    (ii) Broker's commission on the sale of second hand goods. VIEW SOLUTION

  • Question 7
    Why infrastructure needs to be upgraded? VIEW SOLUTION

  • Question 8
    "The Government has raised the exemption limit for the payment of Income tax from ₹2 lakh to ₹2.5 lakh."
    If the situation of deficient demand is prevailing in the economy, what will be the impact of this action taken by the Government ? VIEW SOLUTION

  • Question 9
    Define 'liberty indicator' with the help of an example and state its importance. VIEW SOLUTION

  • Question 10
    Briefly explain any two similar developmental strategies opted by India and Pakistan for their respective developmental path. VIEW SOLUTION

  • Question 11
    'Investment multiplier and Marginal Propensity to Consume are directly related to each other. Explain with the help of numerical example. VIEW SOLUTION

  • Question 12
    (I) From the following, calculate the value of net domestic product at factor cost:
    S. No.  Items Amount in
    (₹ crore)
    (i) Royalty 5
    (ii) Rent 75
    (iii) Interest 30
    (iv) Compensation of Employees 600
    (v) Profit 45
    (vi) Dividends 20
    (vii) Mixed Income of self employed 100

    (II) Distinguish between final goods and intermediate goods.


    (I) From the following data, calculate the value of compensation of employees (COE) :
    S.No.  Items Amount in
    (₹ crore)
    (i) Old age pension 2,000
    (ii) Wages and salaries in cash 60,000
    (iii) Rent free accommodation to employees 30,000
    (iv) Employer's contribution to provident fund 7,500
    (v) Payment of life insurance premium by the employees  2,500
    (vi) Contribution to provident fund by employees 35,000

    ​(II) Distinguish between 'Fixed Investment' and 'Inventory Investment'. VIEW SOLUTION

  • Question 13
    Read the following text carefully and answer question number 13(a) and 13(b) given below:
    Green investment and sustainability are priorities in public policy. India has emerged as a global leader at the front of the climate change. India has pledged to seek solutions for the future.
    Government schemes and policies such as Swachh Bharat Mission, Pradhan Mantri Awas Yojana, Smart Cities, Deen Dayal Upadhyay Gram Jyoti Yojana among other, all contribute towards achieving sustainable development goals.
    The government has contributed to maintain economic growth by introducing and implementing various policies and measures relating to sustainable development, climate change, energy efficiency and air pollution.
    Pradhan Mantri Uijwala Yojana Scheme, has actively contributed to cleaner air. It has resulted in drastic reduction of respiratory diseases and ultimately death as per recent medical report.
    The Jal Jeevan Mission was launched with the objective of achieving water security. We have seen 68 per cent decline in the size of population of various animal species and amphibian over the last 60 years. The issue of green house gases and rising temperature of the earth are a global concern. India is one of those countries that will be affected by the over 2 degree celsius rise in global temperature.
    'India has already taken a lot of steps in the area of innovation and development of different production methodologies which are environmentally friendly in the long run.'
    Source: The Economic Times; Oct. 27, 2021
    (a) State and discuss any two steps involved in attaining sustainable development in India.
    (b) From the given text, state any two factors which challenged the carrying capacity of the environment. VIEW SOLUTION
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