QUESTION PAPER
2023 BOARD EXAM
CBSE CLASS 12-HUMANITIES ECONOMICS Board Paper 2023 — Set 4
2023
ECONOMICS
CLASS 12-HUMANITIES
CBSE EXAMINATION PAPER-2023
ECONOMICS
(Solved)
General Instructions :
Read the following instructions carefully and follow them :
- This question paper contains 43 questions. All questions are compulsory.
- This question paper is divided into 5 sections.
- Section A – questions number 1 to 5 are case based questions
- Section B – questions number 6 to 28 are multiple choice questions
- Section C – questions number 29 to 32 are short answer type i
- Section D – questions number 33 to 38 are short answer type ii
- Section E – questions number 39 to 43 are long answer
- There is no overall choice given in the question paper. However, an internal choice has been provided in few questions.
- Use of calculator is NOT allowed.
Section A
(1) In light of the given statements, choose the correct alternative from the following:
[1 Marks](1) In light of the given statements, choose the correct alternative from the following:
[1 Marks](1) In light of the given statements, choose the correct alternative from the following:
[1 Marks](1) Identify and discuss the function of central bank indicated in the above text.
[3 Marks](2) State any two advantages of digital rupee.
[1 Marks]Read the following text carefully :
Adoption of Village by Parliamentarians
In October, 2014, the Government of India introduced a new scheme called Saansad Adarsh Gram Yojana (SAGY). Under this scheme, Members of India Parliament need to identify and develop one villagefrom their constituencies. To begin with, MPs can develop one village as a model village by 2016, and two more by 2019, covering over 2,500 villages in India. According to the scheme, the village can have a population of 3,000 5,000 in the plains and 1,000 3,000 in the hills and should not be the MP,s own or theie spouse,s village. MPs are expected to facilitate a village development plan, motivate villagers to take up activities and build infrastructure in the areas of health, nutrition and education.
On the basis of the given text and common understanding, answer the following questions :
(1) State and discuss, any two objectives which the Government of India wanted to achieve through Saansad Adarsh Gram Yojana (SAGY),.
(2) State the yardsticks for selecting villages under the SAGY Scheme.
Section B
Read the following statements carefully:
Statement 1: Investment is defined as addition to the physical capital and changes in the inventory.
Statement 2: At equilibrium level of income, ex-post investments and ex-post savings are always equal.
In light of the given statements, choose the correct alternative.
An Indian company receives a loan from a company located abroad. This transaction would be recorded on the __________ side of __________ account in India's Balance of Payment .
(Choose the correct alternative to fill up the blanks)
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative given below.
Assertion (A): Excess demand does not lead to any increase in the level of real output.
Reason (R): Excess demand creates a gap between actual demand and desired demand corresponding to full employment level.
Read the following statements carefully :
Statement 1 : Balance of Payment account is always balanced in accounting sense.
Statement 2 : Autonomous transactions, restore balance in Balance of Payment account.
In light of the given statements, choose the correct alternative from the following :
Operating Surplus does not include __________. (Choose the correct alternative to fill up the blank)
If the Marginal Propensity to Save (MPS) is 0.5, what will be the value of investment multiplier ? (Choose the correct alternative)
An increase in National Income occurs by ₹ 3,000 crore, as Ninvestments increased by ₹ 1,200 crore. The value of investment multiplier would be _________.
(Choose the correct alternative to fill up the blank)
Demand Deposits include ____________. (Choose the correct alternative to fill up the blank)
Identify, which one of the following is an intangible item in Balance of Payment (BoP).
Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative given below.
Assertion (A) : Rich people have lower Marginal Propensity to Consume (MPC) as compared to poor people.
Reason (R) : Consumption curve makes an intercept on the y-axis at a point above the origin.
Alternatives :
Under the British Rule, commercialisation of agriculture resulted in shifting of agricultural production from ________ crops to ________ crops.
(Choose the correct alternative to fill up the blanks)
Identify, which of the following alternative is not associated with goals of economic planning in India.
In 1951, agricultural contribution to India's National Income was __________ . (Choose the correct alternative to fill up the blank)
Economic reforms were introduced in the year ________ in India and in the year ________ in Pakistan. (Choose the correct alternative to fill up the blanks)
Pakistan is ahead of India in the case of _______________. (Choose the correct alternative to fill up the blank) 1
__________ markets were organised to protect the farmers from malpractices in mandis.
(Choose the correct alternative to fill up the blank)
Arrange the following events of China in chronological order and choose the correct alternative :
(i) Great Proletarian Cultural Revolution
(ii) Great Leap Forward Campaign
(iii) Introduction of Economic Reforms
(iv) First Five Year Plan
Alternatives :
Read the following statements carefully :
Statement 1 : Economic growth means the increase in real national income of a country.
Statement 2 : Human capital formation and Human development are one and the same concepts.
In light of the given statements, choose the correct alternative from the following :
Carrying Capacity implies that __________.
(i) Resource extraction should remain below the rate of regeneration.
(ii) Resource extraction should remain above the rate of regeneration.
(iii) Generation of waste should remain within the absorption capacity of the environment.
(iv) Generation of waste should be more than the absorption capacity of the environment.
(Choose the correct alternative)
__________ system restores, maintains and enhances the ecological balance. Choose the correct alternative to fill up the blank)
Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative given below.
Assertion (A) : The nature of unemployment problem in India is multi-faceted.
Reason (R) : Worker-Population ratio is an indicator used for analysing the employment situation in a country.
Alternatives :
Read the following statements carefully :
Statement 1 : Liberty indicators measure the extent constitutional protection given to the citizens.
Statement 2 : India provides fair constitutional protection to its citizens.
In light of the given statements, choose the correct alternative from the following :
Section C
Discuss briefly, why agricultural diversification is essential for sustainable livelihoods.
"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.
Differentiate between Surplus in Balance of Trade and Current Account Surplus.
"The central bank needs to intervene under the managed floating system."
Do you agree with the given statement? Support your answer with valid reasons.
Section D
Discuss any two liberalisation measures pertaining to the financial sector, introduced by the Government of India during the economic reform process of 1991.
Self-Help Groups provide stimulus for institutionalised lending, employment generation and women empowerment in the rural areas."Justify the given statement with valid explanation".
From the data given below, compare and contrast India's and China's sectoral contribution towards GVA / GDP.
Read the following text carefully:
"After setting up a working group to study the possibility of a Central Bank Digital Currency (CBDC) in India in 2020, the RBI revealed a concept note on digital rupee (e-Rupee) on 7th October, 2022."
"The e-Rupee will provide an additional option to the currency available forms of money. It is substantially not different from bank notes, but being digital it is likely to be easier, faster and cheaper."
RBI said that it broadly defines CBDC as the legal tender issued by a central bank in a digital form. It is akin to paper currency in a different form.
On the basis of the above text and common understanding, answer the following questions:
(a) Identify and discuss the function of central bank indicated in the above text.
(b) State any two advantages of digital rupee.
Suppose consumption function for an economy is C = 80 + 0·75 Y (where C = consumption function and Y = national income) and the investment expenditure is < 200 crore.
Estimate the following :
(a) Equilibrium level of income
(b) Values of consumption and saving at equilibrium level of income
Section E
(i) Explain the need and types of land reforms implemented in the agriculture sector.
(ii) Why was public sector given a leading role in industrial development during the planning period ? Explain.
(i) Explain the reasons why the industrial sector has performed poorly in the reform period.
(ii) Distinguish between the Bilateral and Multilateral trade.
State whether the following statements are true or false, with reasons :
(i) High tax on higher income groups aims to achieve the reallocation resources objective of the Government
(ii) Borrowings are a revenue receipt of the government.
(iii) Fiscal deficit always leads to inflation.
(i) Government provides essential items like food grains almost free for the families belowpoverty line. Identify and explain the objective of the government budget indicated.
(ii) Define the following :
(1) Revenue deficit
(2) Primary deficit
(a) " Machiane purchased by a firm is always a capital good ".Do you agree with the given statement ? Give valid reasons for your answer.
(b) Define the following :
(i) Net Exports
(ii) Externalities
(iii) Problem of Double Counting
Other Years — ECONOMICS