CBSE EXAMINATION PAPER-2024

Read the following text carefully :

India has aimed to reduce the country's carbon intensity by approximately 45% by 2030. To achieve this 'Green finance' plays a vital role. At the initial stages, green finance needs a big push from the government. The Indian government has identified projects worth 25,000 crore that will be financed by proceeds from Sovereign Green Bonds.

According to the framework approved by finance ministry, the sovereign green bonds will focus on financing public projects including renewable energy, climate change, clean transportation, sustainable water and waste management and pollution control.

Businesses that take green finance can get benefit in various ways. It can help them follow different environmental norms and regulations and thus avoid possible fines. Adopting sustainable developmental practices enhances brand value of businesses. Customers tend to prefer brands that adopt clear sustainable development practices. The energy-efficient and other sustainable development practices promoted by green finance also often help in saving cost, boosting profitability of businesses etc.

— The Economic Times, April 22, 2023 (Modified)

On the basis of given text and common understanding, answer the following questions :

(a)         Define sustainable development.

(b)        State the public project areas, where Sovereign Green Bond are focussed.

(c)         How can businesses get benefit from green finance ?

Read the following statements carefully :

Statement 1 : Ex-post savings and Ex-post investments are equal at all levels of income.

Statement 2 : Under the effective demand principle, the equilibrium O output is equal to ex-ante Aggregate Demand (AD).

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

Identify, which of the following is not considered as a Normal Resident of India?

In a hypothetical economy, if all income is consumed, the value of investment multiplier would be ━━━━━━━━━━?

If in an economy the Balance of Trade is showing a deficit of ₹ 200 crore and the value of import is ₹ 900 crore, then the value of exports would be ━━━━━━━━━━ ₹ crore. (Fill up the blank with correct alternative.)

Mr. Sahotra borrowed funds from the bank for purchasing a new house. Identify the indicated function of money:

From the given table, identify that level of income, where Average Propensity to Save (APS) becomes zero :

(Choose the correct alternative.)

If in an economy the initial deposits are ₹ 4,000 crore and Reserve Ratio (RR) is 10%. The value of total deposit created would be ━━━━━━━━━━ ₹ crore.

(Fill up the blank with correct alternative.)                                                                                                                                       

From the following, identify the correct reasons that may affect the supply of foreign exchange in an economy :

I. Purchase of land in England by an Indian

Il. Foreign tourists visiting Taj Mahal

Ill. Donation of $ 500 million from Microsoft

IV. Indian students going to Australia for studies

Alternatives :       

Identify, what does the shaded area (AEFG), in the given figure indicate ?

I. Consumption > Income

Il.    Saving = Zero (0)

III. Consumption < Income

IV. Saving < Zero (0)

For Visually Impaired Candidates

Marginal Propensity to Save (MPS) is the slope of ━━━━━━━━━━ function. (Choose the correct alternative.)

The measurement of Balance of Payments deficit is based on ━━━━━━━━━━ transactions. (Fill up the blank with correct alternative.)                       

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

Assertion (A) : India could not develop a sound Industrial-base during the British rule.

Reason (R) : Britishers followed restrictive trade policies, which strengthened Indian handicraft industries.

Alternatives :

From the events given in Column-I and facts given in Column-Il about China, choose the correct pair :

After independence, the rationale behind choosing Modernization as a planning objectives for the Indian economy were━━━━━━━━━ .

I. To bring positive changes in the social outlook

Il. Equitable distribution of income

Ill. Technological Upgradation

IV. Increase in Economic Divide

Alternatives :

Study the following picture :

Identify the kind of activities, which may be envisaged under ━━━━━━━━━━ as diversification activity.

(Fill up the blank with correct alternative.)

Read the following statements carefully :   

Statement 1 : Outsourcing is one of the important outcome of globalization process.

Statement 2 : Owing to globalization, many Indian companies have expanded their operation abroad.

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

Introduction of Economic Reforms in Pakistan took place in year ━━━━━━━━━━ .

(Fill up the blank with correct alternative.)

Read the following statements carefully :                                            

Statement 1 : China has used Market system mechanism without loosing political commitment to create additional social and economic opportunities.

Statement 2 India, Pakistan and China have similar physical endowments but totally different Political systems.

━━━━━━━━━━ indicator may be defined as the measure of the extent of demographic participation in Social and Political decision making in a Country. 
(Fill up the blank with correct alternative.)

Read the following statements carefully :                                         

Statement 1 : Casual workers are hired on a permanent basis and also get social security benefits.

Statement 2 : Workforce comprises, both employed and unemployed person.

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

The scheme of 'Micro Finance' is extended through ━━━━━━━━━━ credit provlslon.

(Fill up the blank with correct alternative.)

Calculate Net Value Added at Factor Cost (NVAFO) from the following data :

From the following data, estimate the value of Net Indirect Taxes (NIT) :

"Trade Deficit must exist, if a country is facing situation of Current Account Deficit (CAD)."

Defend or refute the above mentioned statement with valid arguments.

As per The Economic Times report, dated April 11, 2023

"Electric Vehicle sales cross 10 Lakh mark in financial year 2022-23." Analyse the likely impacts of this news on Gross Domestic Product (GDP) and Welfare.

Discuss briefly, the circular flow of income in a two sector economy model.

"Opening up of Suez Canal helped in establishing the British monopoly control over India's foreign trade".

Justify the given statement with valid arguments.

"Development of Railways during British rule encouraged colonial exploitation of the Indian resources."

Justify the given statement with valid arguments.

Explain the role of affordable healthcare facilities in promoting human capital in a country.

Study the following chart of Employment and Gross Domestic

Product. Analyse the trend of the two variables between 1990-2012.

"Open Market Operation by the Reserve Bank of India (RBI) helps in regulating money supply in the economy."

Justify the given statement.

Suppose, an economy is in equilibrium. From the following data, calculate investment expenditure in the economy :

(a) National Income (Y) = ₹10,000 crore

(b) Marginal Propensity to Consume (MPC) = 0.8

(c) Autonomous Consumption (C) = ₹100 crore

(i) "With an objective to reduce inflation, government may reduce public Expenditure."

Discuss the rationale behind such a step which may be taken by the Government.

(ii) Define Effective Demand Principle.

(i) State the meaning of 'unintended accumulation of inventories'.

(ii) "In an economy, Aggregate Demand (AD) is more than Aggregate Supply (AS)."

Elaborate the possible impacts of the same, on the level of output, income and employment.

From the given data compare and analyse the Population Density and Fertility Rate of China and Pakistan, with valid reasons :

"In a nation like India, self employment provides an important avenue for employment generation."

Defend or refute the given statement with valid arguments.

(i) "Infrastructural development is an essential element to obtain the full potential of the rural sector in India".

Justify the given statement with valid arguments.

(ii) State the meaning of 'Human Development'.

(i) Explain the need and type of land reforms implemented in the agriculture sector.

(ii) "Industrial sector performed poorly in the economic reform period." Elucidate the given statement.

(i) "Indian economy has certain advantages, which have made it a favourite outsourcing destination."

Do you agree with the given statement ? Give valid reasons in support of your answer.

(ii) "In the post-reform period the government of India decided to privatise profit making Public Sector Undertakings (PSUs). Do you agree with the given statement ? Give valid arguments in support of your answer.

(i) Distinguish between Revenue Expenditure and Capital Expenditure of a government, with suitable example.

(ii) "Under the 'Production Linked Incentive' scheme, the Government of India offers various benefits like reduced import-export duties, incentives to investors, tax-rebates etc." In the light of above statement, identify and explain the Budget objective and its likely consequences.

(ii) "Under 'Zero Defect, Zero Effect' (ZED) scheme, the government of India provides up to 80% subsidy to Mini, Small and Medium Enterprises (MSMEs)."

Identify and explain the objective of government budget, highlighted in the above text.

(ii) Distinguish between Direct tax and Indirect tax with suitable examples.