CBSE EXAMINATION PAPER-2022

Read the following text carefully and answer question 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 Ujjwala 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.'

'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.

'Health is a yardstick of human well-being.'

Justify the given statement with valid explanation.

Distinguish between Domestic Income and National Income.

"In an economy, the autonomous consumption is 100 and Marginal Propensity to Consume (MPC) is 0.6. If the equilibrium level of Income is 2000, then the autonomous investment is 300."

Justify the statement with valid calculation.

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) = ₹70

Compare and analyse the sector-wise trends in employment, based on

following information :

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

"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.

"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 ?

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.

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