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CBSE Class 12 Board Exam 2020 : Economics (Series 1)

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H$moS> Z . Code No. amob Z . 58/1/1 narjmWu H$moS >H$mo C ma-nwp VH$m Ho$ _wI-n >na Ad ` {bIo & Roll No. Candidates must write the Code on the title page of the answer-book. (I) ZmoQ> H $n`m Om M H$a b| {H$ Bg Z-n _o _w{ V n > 15 h & (II) Z-n _| Xm{hZo hmW H$s Amoa {XE JE H$moS >Z ~a H$mo N>m C ma-nwp VH$m Ho$ _wI-n > na {bI| & (III) H $n`m Om M H$a b| {H$ Bg Z-n _| >34 Z h & H $n`m Z H$m C ma {bIZm ew $ H$aZo go nhbo, C ma-nwp VH$m _| Z H$m H $_m H$ Ad ` {bI| & Bg Z-n H$mo n T>Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h & Z-n H$m {dVaU nydm _| 10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>m Ho$db Z-n H$mo n T>|Jo Am a Bg Ad{Y Ho$ Xm amZ do C ma-nwp VH$m na H$moB C ma Zht {bI|Jo & (IV) (V) NOTE (I) Please check that this question paper contains 15 printed pages. (II) Code number given on the right hand side of the question paper should be written on the title page of the answer-book by the candidate. (III) Please check that this question paper contains 34 questions. (IV) Please write down the Serial Number of the question in the answer-book before attempting it. (V) 15 minute time has been allotted to read this question paper. The question paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the students will read the question paper only and will not write any answer on the answer-book during this period. AW em (g mp VH$) ECONOMICS (Theory) {ZYm [aV g_` : 3 K Q>o A{YH$V_ A H$ : 80 Time allowed : 3 hours .58/1/1 Maximum Marks : 80 1 P.T.O. gm_m ` {ZX}e : {Z Z{b{IV {ZX}em| H$mo ~h V gmdYmZr go n{ T>E Am a CZH$m g Vr go nmbZ H$s{OE : (i) Bg Z-n | Xmo I S> h H$ Am a I & g^r Z A{Zdm h & (ii) Z g m 1 go 10 Am a 18 go 27 A{V bKw-C mar H$ma Ho$ Z h , oH$ Z 1 A H$ H$m h & BZH$m C ma EH$ e X m EH$ dm | Xr{OE & (iii) Z g m 11 Am a 12 Am a 28 Am a 29 bKw-C mar H$ma Ho$ Z h , oH$ Z 3 A H$m| H$m h & BZH$m C ma bJ^J 60 go 80 e Xm| | Xr{OE & (iv) Z g m 13 go 15 Am a 30 go 32 ^r bKw-C mar H$ma Ho$ Z h , oH$ Z 4 A H$m| H$m h & BZH$m C ma bJ^J 80 go 100 e Xm| | Xr{OE & (v) Z g m 16 Am a 17 Am a 33 Am a 34 XrK -C mar H$ma Ho$ Z h , oH$ Z 6 A H$m| H$m h & BZH$m C ma bJ^J 100 go 150 e Xm| | Xr{OE & (vi) C ma g {j V VWm q~X dma hmoZo Mm{hE Am a gmW hr Cn`w V e X gr m H$m Wmg ^d nmbZ H$s{OE & (vii) Z-n | H$moB g J {dH$ n Zht h & VWm{n, EH$-EH$ A H$ dmbo Xmo Zm| |, VrZ-VrZ A H$m| dmbo Xmo Zm| |, Mma-Mma A H$m| dmbo Xmo Zm| | Am a N> -N> A H$m| dmbo Xmo Zm| | Am V[aH$ {dH$ n {XE JE h & Eogo Zm| | Ho$db EH$ hr {dH$ n H$m C ma Xr{OE & (viii) BgHo$ A{V[a V, Amd H$VmZwgma, oH$ I S> Am a Z Ho$ gmW Wmo{MV {ZX}e {XE JE h & I S> H$ (g_{ Q> AW em ) 1. 2. AW `d Wm _| _w m Amny{V H$mo {Z` { V H$aZo Ho$ {bE, Ho$ r` ~ H$ ________ gH$Vm h & (ghr {dH$ n H$m M`Z H$s{OE) (A) Iwbo ~m Oma _| {V^y{V`m IarX (B) Iwbo ~m Oma _| {V^y{V`m ~oM (C) Z H$X Ama{jV AZwnmV H$_ H$a (D) aonmo Xa H$_ H$a C oI H$s{OE {H$ {Z Z{b{IV H$WZ g ` h `m Ag ` : gaH$mar ~OQ> _m { H$ Zr{V H$m EH$ _h dnyU gmYZ h & AWdm {d{Zdoe gaH$ma H$s EH$ ________ (ny OrJV/amO d) m{ V h & (ghr {dH$ n H$m M`Z H$s{OE) .58/1/1 2 1 1 1 General Instructions : Read the following instructions very carefully and strictly follow them : (i) This question paper comprises two sections A and B. All questions are compulsory. (ii) Question numbers 1 10 and 18 27 are very short-answer questions carrying 1 mark each. They are required to be answered in one word or one sentence each. (iii) Question numbers 11 12 and 28 29 are short-answer questions carrying 3 marks each. Answers to them should not normally exceed 60 80 words each. (iv) Question numbers 13 15 and 30 32 are also short-answer questions carrying 4 marks each. Answers to them should not normally exceed 80 100 words each. (v) Question numbers 16 17 and 33 34 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 150 words each. (vi) Answers should be brief and to the point. Also the above word limit be adhered to as far as possible. (vii) There is no overall choice. However, an internal choice has been provided in 2 questions of one mark, 2 questions of three marks, 2 questions of four marks and 2 questions of six marks. Only one of the choices in such questions have to be attempted. (viii) In addition to this, separate instructions are given with each section and question, wherever necessary. SECTION A (Macro Economics) 1. 2. In order to control the money supply in the economy, the Central Bank may ________. (Choose the correct alternative) (A) buy securities in the open market (B) sell securities in the open market (C) reduce cash reserve ratio (D) reduce repo rate State whether the following statement is true or false : Government Budget is an important monetary policy instrument. OR Disinvestment is a ________ (capital/revenue) receipt of the government. (Choose the correct alternative) .58/1/1 3 1 1 1 P.T.O. 3. 4. 5. ^mdr _m J H$mo n[a^m{fV H$aVo h ________ VWm ________ _w m ________ & (C{MV n[a^mfm mam [a V WmZ H$s ny{V H$s{OE) 1 Amny{V Ho$ Xmo KQ>H$ h & (ghr C ma mam [a V WmZm| H$s ny{V H$s{OE) 1 C oI H$s{OE {H$ {Z Z{b{IV H$WZ g ` h `m Ag ` : Ano{jV A MbZ H$mo _y ` mg _| em{_b {H$`m OmVm h & 6. amOH$mofr` KmQ>o H$m AZw_mZ ________ gy go bJm`m Om gH$Vm h & (ghr gy mam [a V WmZ H$s ny{V H$s{OE) 7. 8. H$s g Ho$ AW em {g m Vm| Ho$ AZwgma, Am gV Cn^moJ d { m H$m _mZ ________ H$^r Zht hmo gH$Vm h & (ghr {dH$ n H$m M`Z H$s{OE) (A) ey ` (B) BH$mB (C) EH$ go A{YH$ (D) EH$ go H$_ 10. 1 1 (1) ________ {dXoer _w m H$s _m J Ho$ g~go _h dnyU moVm| _| go EH$ h & (ghr C ma mam [a V WmZ H$s ny{V H$s{OE) 9. 1 C oI H$s{OE {H$ {Z Z{b{IV H$WZ g ` h `m Ag ` 1 : H$s g Ho$ {g m VmZwgma EH$ AW `d Wm _|, nyU amo OJma H$s p W{V H$^r _m OyX Zht hmo gH$Vr & 1 `mnma A{Yeof H$mo n[a^m{fV H$s{OE & 1 .58/1/1 4 3. Effective demand is defined as ________. (Fill in the blank with the suitable definition) 4. 1 Two components of money supply are ________ and ________. (Fill in the blanks with correct answers) 5. 1 State whether the following statement is true or false : Expected obsolescence is included in depreciation. 6. 1 Fiscal deficit can be estimated using the formula ________. (Fill in the blank with the correct formula) 7. 1 According to the theory of Keynesian Economics, the value of Average Propensity to Consume can never be ________. (Choose the correct alternative) 8. (A) zero (B) unity (1) (C) more than one (D) less than one 1 ________ is one of the most important sources of demand for foreign currency. (Fill in the blank with the correct answer) 9. 1 State whether the following statement is true or false : As per Keynesian theory in an economy, full employment can never 10. exist. 1 Define Trade Surplus . 1 .58/1/1 5 P.T.O. 11. 12. 13. 14. 15. 16. A {V_ d VwAm| Ho$ A VJ V Ho$db do d VwE em{_b hmoVr h , Omo {H$ J h Wm| mam Cn^moJ H$s OmVr h & {XE JE H$WZ H$m _m ` H$maU mam g_W Z AWdm I S>Z H$s{OE & AWdm Am` H$m dVw b dmh {g m V Bg nyd YmaUm na AmYm[aV h {H$ EH$ `{ $ mam {H$`m J`m `` X gao H$s Am` ~ZVr h & {XE JE H$WZ H$m dU Z H$s{OE & {Z Z{b{IV H$WZ H$m _m ` H$maU mam Am {M ` {g H$s{OE & `m{eV Hw$b _m J gX d `m{eV Hw$b ny{V Ho$ ~am~a hmoVr h & EH$ H$m n{ZH$ g `m _H$ CXmhaU H$m `moJ H$aVo h E, dm{Up `H$ ~ H$ mam gmI {Z_m U H$s {H $`m H$s `m `m H$s{OE & AWdm Ho$ r` ~ H$ gaH$ma Ho$ ~ H$a H$m H$m` H$aVm h & {XE JE H$WZ H$m {d Vma go dU Z H$s{OE & `mnma gwJ_Vm gyMH$m H$ _| ^maV ~ S>r N>bm J bJm ahm h , BgHo$ \$b d $n H$B ~h am Q >r` H$ n{Z`m (MNC) AnZo C nmXZ AmYma H$mo ^maV _| WmZm V[aV H$a ahr h & Cn`w V H$WZ Ho$ AmbmoH$ _|, {dXoer _w m Ho$ dmh Am a ^maVr` AW `d Wm na BgHo$ g ^m{dV ^md na {Q> nUr H$s{OE & (b) amO d `` H$mo n[a^m{fV H$s{OE & `j H$a VWm A `j H$a Ho$ ~rM A Va n > H$s{OE & (a) {Z Z{b{IV Am H$ S>m| go Q>m H$ _| n[adV Z Ho$ _y ` H$s JUZm H$s{OE (a) .58/1/1 : 3 4 4 4 4 am{e (< H$amo S> _|) _X| (i) {~H $s (ii) gmYZ bmJV na {Zdb _y ` d { (iii) AZwXmZ (gp gS>r/ghm{`H$s/AZwd { m) (iv) Q>m H$ _| n[adV Z (v) _y ` mg 40 (vi) _ `dVu Cn^moJ 100 400 200 10 ? 6 3 1+3 H $.g . (NVAFC) 3 11. Final goods include only those goods which are consumed by the households. Defend or refute the given statement with valid reason. 3 OR Circular flow principle is based on the assumption that one s expenditure will become other s income. Explain the given statement. 12. 3 Justify the following statement, with valid reason. Ex-ante Aggregate Demand is always equal to Ex-ante Aggregate Supply. 13. 3 Using a hypothetical numerical example, explain the process of credit creation by a commercial bank. 4 OR Central Bank acts as the banker to the government. Elaborate the given statement. 14. 4 India is taking huge leaps in the index of Ease of Doing Business, as a result many MNCs are shifting their production base to India. In the light of the above statement, comment upon the flow of foreign exchange and its likely impact on the Indian Economy. 15. 16. 4 (a) Define Revenue Expenditure . (b) Distinguish between Direct tax and Indirect tax. (a) Calculate the value of Change in Stock from the following data : 4 Amount (in < Crores) S. No. Items .58/1/1 1+3 (i) Sales 400 (ii) Net Value Added at Factor Cost (NVAFC) 200 (iii) Subsidies 10 (iv) Change in Stock (v) Depreciation 40 (vi) Intermediate Consumption 100 ? 7 P.T.O. (b) 17. 2 (a) dm V{dH$ gH$b Kaoby C nmX H$mo n[a^m{fV H$s{OE & AWdm g n{ m Am a C _erbVm go Am` Ho$ VrZ KQ>H$m| na g jon _| MMm H$s{OE & (b) ~m VmE `m hmoVr h ? Cn`w V CXmhaUm| g{hV BgHo$ H$ma {b{IE & 3 3 EH$ AW `d Wm _|, `{X ma {^H$ {Zdoe _| < 100 H$amo S> H$s d { h B h , `h _mZVo h E {H$ gr_m V Cn^moJ d { m 0 8 h , {Zdoe JwUH$ H$s H$m` n {V H$s MMm H$s{OE & 6 I S> I (^maVr` AW `d Wm H$m {dH$mg) ^maV H$s W_ gmV n Mdfu` `moOZmAm| _| ^maV gaH$ma mam ________ Zr{V H$m AZwJ_Z Kaoby C moJm| Ho$ g ajU Ho$ {bE {H$`m J`m Wm & (ghr C ma mam [a $ WmZ H$s ny{V H$s{OE) 1 19. O {dH$ IoVr Ho$ {H$gr EH$ bm^ H$m C oI H$s{OE & 1 20. ~VmBE {H$ {Z Z{b{IV H$WZ g ` h `m Ag ` : {dJV Hw$N> XeH$m| _|, ^maV _| mW{_H$ jo Zo gdm {YH$ amo OJma Ho$ Adga C n {H$E h & 1 18. 21. ________ {d d (A) (B) (C) (D) 22. `mnma g JR>Z (WTO) H$s nyd dVu g Wm Wr & (ghr {dH$ n H$m M`Z H$s{OE) A Vam Q >r` nwZ{Z _m U Am a {dH$mg ~ H$ (IBRD) A Vam Q >r` _w m H$mof (IMF) ^maVr` [a Od ~ H$ (RBI) `mnma Am a gr_m ew H$ _hmg {Y (GATT) ^maV {Z Z{b{IV _| go {H$g jo r`/d p dH$ Am{W H$ g_yh H$m gX ` Zht h ? (ghr {dH$ n H$m M`Z H$s{OE) (A) `yamo{n`Z g K (B) BRICS ({~ g) (C) G-20 (D) SAARC (gmH $) AWdm .58/1/1 8 1 1 (b) (a) (b) 17. Define Real Gross Domestic Product. OR Discuss briefly the three components of Income from Property and Entrepreneurship . 2 What are externalities ? State its types with suitable examples. 3 In an economy, if initial investments are increased by < 100 crores, discuss the working of investment multiplier presuming marginal propensity to consume is 0 8. 3 6 SECTION B (Indian Economic Development) 18. During India s first seven five-year plans, the Government of India adopted ________ policy to protect domestic industries. (Fill up the blank with correct answer) 1 19. Mention any one advantage of Organic farming. 1 20. State whether the following statement is true or false : 21. 22. In the past few decades, primary sector has created maximum jobs in India. 1 ________ was the predecessor organisation to World Trade Organisation (WTO). (Choose the correct alternative) 1 (A) International Bank for Reconstruction and Development (IBRD) (B) International Monetary Fund (IMF) (C) Reserve Bank of India (RBI) (D) General Agreement on Tariffs and Trade (GATT) India is not a member of which of the following regional/global economic grouping ? (Choose the correct alternative) (A) European Union (B) BRICS (C) G-20 (D) SAARC 1 OR .58/1/1 9 P.T.O. nm{H$ VmZ Zo df 23. 24. 25. 26. (A) 1974 (B) 1976 (C) 1978 (D) 1988 ___________ _| AnZo Am{W H$ gwYmam| H$s ew AmV H$s Wr & (ghr {dH$ n H$m M`Z H$s{OE) ~VmBE {H$ {Z Z{b{IV H$WZ g ` h AWdm Ag ` : d` ghm`Vm g_yh A{VbKw gmI g JR>Z Ho$ CXmhaU h & J oQ> brn \$m adS> H$m _w ` C o ` MrZ _| Vo Or go d { gw{Zp MV H$aZm Wm & ________ 1 1 ( mW{_H$/{ Vr`H$/V Vr`H$) jo _| (ghr {dH$ n H$m M`Z H$s{OE) 1 1991 _| ^maV _| Am{W H$ gwYmam| H$mo H$m`m p dV H$aZo Ho$ {H$gr EH$ n[aUm_ H$m C boI H$s{OE & H$mbmZwH ${_H$ H $_ _| {Z Z{b{IV KQ>ZmAm| H$mo `dp WV H$s{OE VWm {XE JE {dH$ nm| _| go ghr C ma H$m M`Z H$s{OE : (i) MrZr OZdmXr JUam ` H$s WmnZm (ii) nm{H$ VmZ H$m {Z_m U (iii) ^maV H$s W_ n Mdfu` `moOZm (iv) MrZ H$s W_ n Mdfu` `moOZm 1 1 {dH$ n : 27. (A) (i), (iv), (ii), (iii) (B) (iii), (ii), (i), (iv) (C) (ii), (i), (iii), (iv) (D) (iv), (iii), (ii), (i) dV ^maV H$m W_ Am mo{JH$ Zr{V Vmd df ________ _| Kmo{fV {H$`m J`m Wm & (ghr {dH$ n mam [a V WmZ H$s ny{V H$s{OE) (A) (B) (C) 1947 1948 1951 (D) 1956 .58/1/1 10 1 Pakistan introduced its economic reforms in the year ____________ . (Choose the correct alternative) 23. (A) 1974 (B) 1976 (C) 1978 (D) 1988 State whether the following statement is true or false : Self-Help Groups (SHGs) are an example of a microcredit organisation. 24. 1 The main aim of Great Leap Forward was to ensure rapid increase in ________ (primary/secondary/tertiary) sector in China. (Choose the correct alternative) 25. 26. 1 1 State any one outcome of implementation of Economic Reforms in India in 1991. 1 Arrange the following events in chronological order and choose the correct answer from the given alternatives : 1 (i) Establishment of People s Republic of China (ii) Creation of Pakistan (iii) First Five-Year Plan of India (iv) First Five-Year Plan of China Alternatives : 27. (A) (i), (iv), (ii), (iii) (B) (iii), (ii), (i), (iv) (C) (ii), (i), (iii), (iv) (D) (iv), (iii), (ii), (i) First Industrial Policy Resolution of Independent India was announced in the year ________. (Fill in the blank with correct alternative) (A) 1947 (B) 1948 (C) 1951 (D) 1956 .58/1/1 11 1 P.T.O. 28. _mZd ny Or {Z_m U Zdmo WmZ, Am{d H$ma VWm VH$ZrH$s gwYmam| H$mo O _ XoVm h & `m Amn {XE JE H$WZ go gh_V h ? _m ` VH$m]$ g{hV AnZo C ma H$m g_W Z H$s{OE & 3 AWdm ^maV _| J m_rU {dH$mg H$s {H $`m _| J m_rU ~ qH$J `d Wm H$s ^y{_H$m H$m AmbmoMZm _H$ _y `m H$Z H$s{OE & 29. d Y H$maUm| Ho$ gmW ^maV Am a MrZ Ho$ {XE JE Am H$ S>m| H$s VwbZm d {d bofU H$s{OE OZg `m H$s dm{f H$ d { qbJmZwnmV Xoe> Xa (2015) ( {V hOma nw f) ^maV 1 2% 929 MrZ 0 5% moV : {d d {dH$mg g Ho$VH$, 30. : 3 3 941 2015 ^maV H$mo m` {d d H$m ~m mnU J V ` H$hm OmVm h & ^maV H$mo {XE JE Bg Zm_ Ho$ _w ` H$maUm| H$s MMm H$s{OE & 4 AWdm Am`mV {V WmnZ H$m AW {b{IE & n Q> H$s{OE {H$ Am`mV {V WmnZ {H$g H$ma Kaoby C moJm| H$mo g ajU XmZ H$a gH$Vm h & 31. 32. (a) A J o Om| mam ^maV _| {H$E JE {H$gr EH$ gH$mam _H$ `moJXmZ H$m C oI H$s{OE & (b) dV Vm Ho$ g_` ^maV Ho$ {dXoer `mnma Ho$ n[a_mU Am a {Xem H$s OmZH$mar Xr{OE & {Z Z{b{IV _| go {H$ ht Xmo H$mo n[a^m{fV H$s{OE (a) n`m daU H$s Ademofr j_Vm (b) n`m daU H$s YmaU j_Vm (c) Jar~r aoIm (H $bmoar _mZm| Ho$ nXm| _|) .58/1/1 12 : 4 1+3 2+2 28. Human Capital Formation gives birth to innovation, invention and technological improvements. Do you agree with the given statement ? Support your answer with valid arguments. 3 OR Critically evaluate the role of rural banking system in the process of rural development in India. 29. 3 Compare and analyse the given data of India and China, with valid reasons : 3 Annual Growth Rate of Gender Ratio Population (2015) (Per thousand males) India 1 2% 929 China 0 5% 941 Country Source : World Development Indicators, 2015 30. India is often called as outsourcing destination of the world. Discuss the prime reasons for this name given to India. 4 OR State the meaning of import substitution. Explain how import substitution can protect the domestic industries. 31. 32. 4 (a) State any one positive contribution made by the British in India. (b) Indicate the volume and direction of foreign trade of India at the time of Independence. 1+3 Define any two of the following : 2+2 (a) Absorptive Capacity of Environment (b) Carrying Capacity of Environment (c) Poverty Line (in terms of Calorific values) .58/1/1 13 P.T.O. 33. (a) {Z`{_V doVZ^moJr H$_ Mm[a`m| _| _{hbmE H$_ `m| h (b) ^maV _| H$m` ~b Ho$ jo r` {dVaU _| hmb H$s d { m`m| H$m {d bofU H$s{OE amo OJma n {V H$s d { m`m (jo dma), 1993 2012 ( {VeV _|) jo H$ 34. ? 3 : 3 1993 94 1999 2000 2011 2012 mW{_H$ 64 60.4 48.9 { Vr`H$ 16 15.8 24.3 godm 20 23.8 26.8 (a) J m_rU ^maV Ho$ {bE C dbm `moOZm _wI n[adV H$ ahr h & Eogo {H$ ht VrZ nma n[aH$ B YZm| H$m C boI H$s{OE, {OZHo$ `moJ H$mo H$_ H$aZo H$s {Xem _| Eb.nr.Or. {gb|S>a {dVaU `moOZm (C dbm `moOZm) H$m` H$a ahr h & (b) d` H$mo R>rH$ H$aZo Ho$ {bE ^maVr` dm ` Umbr H$mo gmd O{ZH$ `` H$s EH$ e{ Vembr IwamH$ H$s Amd `H$Vm h & _m ` VH$m] mam {XE JE H$WZ H$m Am {M ` {g H$s{OE & 3+3 AWdm ^maVr` dV Vm go A~ VH$ H$m`m p dV {H$E JE Jar~r C _ybZ H$m` H $_m| Ho$ n[aUm_m| H$s AmbmoMZm _H$ g_rjm H$s{OE & 6 .58/1/1 14 33. (a) Why are less women found in regular salaried employment ? 3 (b) Analyse the recent trends in sectoral distribution of workforce in India : 3 Trends in Employment Pattern (Sector-wise), 1993 2012 (in %) 1993 94 1999 2000 2011 2012 Primary 64 60.4 48.9 Secondary 16 15.8 24.3 Services 20 23.8 26.8 Sector 34. (a) Ujjwala Yojana has been a game changer for rural India. State any three conventional fuels being targeted under the LPG cylinder distribution scheme (Ujjwala Yojana). (b) Indian Health System needs a stronger dose of public expenditure to cure itself. Justify the given statement with valid arguments. 3+3 OR Critically examine the results of Poverty Alleviation Programmes implemented in India since Independence. .58/1/1 15 6 P.T.O.

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