CBSE EXAMINATION PAPER-2023

Read the following text carefully :                                                                               

 According to NITI Aayog, India has a technological advantage to facilitate digital banks. There is a need for creating a regulatory framework for promoting this.

NITI Aayog, in its report titled "Digital Banks: A Proposal for Licensing and Regulatory Regime for India", offers a template and roadmap for a digital bank licensing and regulatory regime for a country. India's public digital infrastructure, especially Unified Payments Interface (UPI) has successfully faced this. With Aadhar, India is at the cusp of operationalizing its own open banking framework. This demonstrates that India has the technology stock to fully facilitate digital banks. Digital banking allows a user to set up automatic payments for regular utility bills. Digital banking enables fund transfers to reduce the risk of counterfeit currency. By promoting a cashless society, digital banking restricts the circulation of black money. On the basis of the given text and common understanding, answer the following questions:

Read the following statements carefully:

Statement 1: Primary deposits are the cash deposits by general public with commercial banks.

Statement 2: Secondary deposits are those deposits which arise on account of credit provided by the commercial banks to the people.

In light of the given statements, choose the correct alternative from the following.

The difference between National Income at market price and National Income at factor cost is ________.

(Choose the correct alternative to fill up the blank)

The rate at which commercial banks borrow from the Reserve Bank of India to meet their long term requirements is known as ______________.

(Choose the correct alternative to fill up the blank)

Read the following statements carefully:

Statement 1: Borrowings by a nation from the World Bank to finance Balance of Payment (BoP) deficit will be recorded in the capital account.

Statement 2: Autonomous transactions are independent of the condition of Balance of Payment (BoP) account.

In light of the given statements, choose the correct alternative from the following.

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative given below:

Assertion (A): Before reaching the Break-Even level of income, the value of Average Propensity to Consume (APC) is greater than one. Reason

(R): The Average Propensity to Consume (APC) is the ratio of the total consumption and total income.

Gifts and remittances sent abroad are recorded on the _______ side of the _________ account in Balance of Payment.

(Choose the correct alternative to fill up the blanks) 1

Identify which of the following equations is true.

(Choose the correct alternative)

A situation in which an able bodied person is not willing to work at the existing wage rate, is referred to as _____________ situation.

(Choose the correct alternative to fill up the blank)

Identify which of the following represents only the real flow :

Read the following statements carefully :

Statement 1 : Commercialization of agriculture under the British rule was responsible for frequentfamines between 1875 and 1900.

Statement 2 : During British rule, India began to export food grains.

In light of the given statements, choose the correct alternative from the following :

Read the following statements carefully :

Statement 1 : The purchase of food grains made by the Government on the Minimum Support Price (MSP) is maintained as buffer stock.

Statement 2 : Minimum Support Price safeguards the farmers against any sharp fall in farm product prices.

In light of the given statements, choose the correct alternative from the following :

The Great Leap Forward (GLF) campaign in China focused on _________. (Choose the correct alternative to fill up the blank)

India is not a member of which of the following regional / global economic groups ?

'Skill India' programme launched by the Government is not an attempt to increase in -----India.

(Choose the correct alternative to fill up the blank)

Identify the correct alternative with reference to the following statement:

"Between 1966-76, Mao introduced this movement under which professionals and students were asked to work and learn from real life situations prevailing in the countryside of China."

Read the following statements carefully :

Statement 1 : In both India and Pakistan, the service sector has been emerging as a major source of development.

Statement 2 : Amongst the neighbours of India, China has the highest life expectancy rate.

In light of the given statements, choose the correct alternative from the following :

Workers who are on the permanent pay-roll of their employer are called ___________ workers.

(Choose the correct alternative to fill up the blank)

Jobless growth leads to unemployment because __________ .

(Choose the correct alternative to fill up the blank)

Read the following statements carefully :

Statement 1 : India announced its First Five Year Plan in 1951.

Statement 2 : India, Pakistan and China adopted economic planning as the core development strategy.

In light of the given statements, choose the correct alternative from the following :

Distinguish between 'Value Addition' and 'Final Value of Output' .

"There exists a positive relation between foreign exchange rate and supply of foreign exchange." Do you agree with the given statement ? Justify your answer with valid arguments.

Find the Value Added by Firm A, from the following information

Critically evaluate the role of rural banking system in the process of rural development in India.

"Dr. Khurana, a dentist, ran his clinic in an economically backward area. He was earning a comparatively low income. So, he decided to move to a city and spent a huge amount for the same." Identify and explain the type of expenditure incurred by Dr. Khurana, which directly contributed to the process of human capital formation.

Read the following news published on September 26, 2022 :

"The central bank has increased the benchmark lending rate by 140 basis points."

Identify the likely cause and consequences behind the action taken by the Reserve Bank of India.

Using a hypothetical numerical example, explain the effect of rise in Reserve Ratio on credit creation by the commercial banks.

Explain the 'Government's Bank' function of the central bank.

Explain valid reasons for the slow growth and re-emergence of poverty in Pakistan.

(a) Explain briefly the rationale behind the 'License Raj' under the Industrial Policy Resolution, 1956.

(b) Define Multilateral trade.

State and elaborate whether the following statement is true c false, with valid arguments:

"Indian economy has showed satisfactory progress toward formalization of workforce in the recent past."

"In India, the self-employed constitute around 60% employees. Th possible incidence of under employment is the highest among the self-employed."

As an economist, suggest and elaborate any two measures the may be taken to ensure more productive employment for the self-employed.

(i) Why are less women found in regular salaried employment ?

(ii) Distinguish between human capital and physical capital.

(i) State and discuss any one strategy involved in attaining sustainable development in India.

(ii) Discuss briefly the importance of micro credit programme in rural India.

(i) From the information given in the diagram, categorize the items into revenue receipts and capital receipts, stating valid reasons.

(ii) Distinguish between Revenue deficit and Fiscal deficit. 

(i) From the following data, calculate the primary deficit.

(ii) Elaborate Economic stability' function of the Government Budget.