CBSE EXAMINATION PAPER-2023

Read the following text carefully and answer the given questions on the basis of the same and common understanding :

India urged the World Trade Organisation (WTO) to relax rules to allow the country to export food grains from its public stocks to the nations facing food crises. India can help, reduce food insecurity but there is hesitation on the part of the WTO, in relaxing its rules. India's Finance Minister said food, fuel and fertilizers are global public goods and ensuring access of these for developing and emerging economies is critical. She also shared India's experiences, including robust gains in agriculture production, citizen centric food security programmes and innovative delivery mechanisms such as the 'One Nation one Ration Card' Scheme.

(Source : The Economic Times; July 16, 2022)

Study the given picture carefully :

Answer the following questions based on common knowledge and picture :

'Money is an asset which can be stored for use in future.'  

 In the light of given statement, identify the function of money.

(Choose the correct alternative)

"Considering the depreciation of Indian Currency (e) in the international market, the Reserve Bank of India (RBI) has decided to purchase Indian currency (₹) in the open market."

This represents ━━━━━━━━━━━━━━ exchange rate system.

(Fill up the blank with correct alternative)

Read the following statements carefully :  

Statement I : In a two sector economy, consumption expenditure and investment expenditure are the two components of Aggregate Demand.

Statement 2 : Aggregate demand curve always start from point of origin with positive slope.

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

'Deficit' in Balance of Payment (BOP) refers to the excess of ━━━━━━━━━━━━━━ .

 (Choose the correct alternative)                                                                                             

If in an economy, the Investment Multiplier is 4 and Autonomous Consumption is 30 crore, the relevant consumption function would be ━━━━━━━━━━━━━━ .

(Fill up the blank with correct alternative)

If increase in National Income is equal to increase in Savings, the value of Marginal propensity to Consume would be ━━━━━━━━━━━━━━.

(Fill up the blank with correct alternative)

Read the following statements carefully:

Statement 1: Money supply (M) in India does not include 'demand deposits' with commercial banka.

Statement 2: Money supply (M) refers to, assets available with the Commercial Banks during a particular period of time.

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

Suppose, Country X, has more inflation than Country Y. Which of the following is most likely situation to happen in such a case, assuming other factors being constant?

(Choose the correct alternative)

Suppose, the price of one UK Pound (f) has increased from ₹ 70 to ₹ 80, owing to market forces.                                                    

This means that value Of Indian Currency (₹) has ━━━━━━━━━━━━━━ .

(Choose the correct alternative)

Read the following statements — Assertion(A) and Reason (R). Choose one of the correct alternatives given below :      

Assertion (A) : Full employment refers to, absence Of involuntary unemployment.

Reason (R) : Under full employment situation, all willing and able bodied people get employment at prevailing wage rate.

Alternatives :

In an economy, the value of Marginal Propensity to Save (MPS) is 0.25, what will be the value of increase in income, if investments increased by ₹ 200 crores ?   

During the British rule in India, Indian agricultural output witnessed stagnation due to ━━━━━━━━━━━━━━.

 (Choose the correct alternative)

In the first phase of Green Revolution, output was restricted mainly to ━━━━━━━━━━━━━━ .

(Choose the correct alternative)

━━━━━━━━━━━━━━ is known as the architect Of Indian Planning.                        

Read the following statements carefully

Statement 1 : Great Proletarian Cultural Revolution was introduced in China in 1950's.

Statement 2 : China's growth is mainly contributed by the manufacturing sector.

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

━━━━━━━━━━━━━━ is the apex institution which plans and evaluates policies related to rural credit needs.        

Read the following statements — Assertion (A) and Reason (R). Choose one of the correct alternatives given below :       

Assertion (A) : During 1980's, economic growth rate of Pakistan was more than that of India.

Reason (R) : Pakistan followed the path of mixed economic structure with equal participation of the public and the private sector.

Alternatives :

Identify, which Of the following are associated with the problem Of human capital formation in India ?

(i) Brain drain

(ii) Low academic standards

(iii) Rising population

(iv) Changes in social outlook

Alternatives :

Read the following statements carefully :  

Statement 1 : Special Economic Zones (SEZ's) policy has led to huge Foreign Direct Investment (FDI) flow to China.

Statement 2 : China's rapid industrial growth was the result of its economic reform in 1981.

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

Identify, which of the following is an incorrect function of environment ? 

Identify, which of the following IS the correct formula for calculating 'Worker-Population Ratio' ?                     

(Choose the correct alternative)  

Read the following statements carefully :  

Statement 1 : First Five Year Plan of China commenced in the year 1956.

Statement 2 : Both India and China adopted Socialist Economy model, following USSR.

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

Suppose only one Good 'X' is produced in the country. Output of Good X during year 2018 and 2019 were 100 units and 110 units respectively. The market price of the product during the two years was 50 and 55 per unit respectively.

Calculate the percentage change in Real Gross Domestic Product (GDP) in year 2019 using 2018 as the base year.

Giving valid reasons, state whether the following statements are true or false:

(i) Dividend received from investment abroad is recorded on the credit side of the capital account.

(ii) Depreciation of the Indian Currency will lead to promotion of Indian exports.

Distinguish between Autonomous transactions and Accommodating transactions.

Interpret the situation of earth as depicted in the given picture, with reference to current environmental challenges :

"In rural areas of India, more members of a family are engaged in work, yet the gross income of the family is generally low."

Identify the type of unemployment indicated in the above statement and explain the paradox associated with it.

Explain the role of micro-credit system in meeting credit requirements of poor.

As per the following news published in 'The Hindu' on 6th August, 2022 : 'The Monetary Policy Committee (MPC) of the Reserve Bank of India raised the Repo Rate by 50 basis points.'
Identify and explain the likely cause and consequences behind this type Of action taken by the Reserve Bank of India.

Compare and analyse the following information related to Annual Growth of Gross Domestic Product (GDP) of India and China :

(Source : Asian Development Bank, Philippines, World Development indicator — 2018)

(i) State the meaning of 'Privatisation'.  

(ii) 'Agriculture sector has been adversely affected by the Economic reform process.' Comment.

State and explain any two main causes behind infrastructural development by British rule.

(a) State, with valid reasons whether, the following statements are true or false :

"Higher productivity and production are the outcome of investment in human resources."  

( b) Rising population is not the cause for quality of human capital formation.

(i)  Define Agricultural diversification.      

(ii) State the meaning of organic farming. Discuss how does it help in promoting sustainable development.

(i)     Discuss the need for promoting women's education in India. 

(ii)  Explain absorptive capacity of environment with example.