No.

ofpages -14
PRE -HOARD EXAMINATf()N (20 24- 25)
CLASS: XII
Sl! D.IECT: EC()N()MICS (03 0) Maximum Ma rks : 80
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Gen eral Instructions:
w them-
Rea d the follo wing instructions carefully andfollo
This question pape r contains 34 ques tions . All ques tions are compulsory.
(i)
(ii) This question pape r contains two sections:
Section A-M acro Economics
Sect ion B-ln dian Economic Deve lopm ent .
ce type questions. Each ques tion carr ies I mark
(iii) This ques tion pape r contains 20 Multiple Choi ies 3 mark s. Answ er
Type-I questions. Each ques tion carr
(iv) This queslion pape r conlains 4 Shor t Answ er
these queslions in 60 to 80 words. s. A nswe r
Type-II ques tions . Each ques tion carr ies 4 mark
( v) This ques tion pape r conlains 6 Shor / Answ er
1hese ques tions in 80 lo I 00 words. s. Ans~rer
lype questions. Each ques tion carr ies 6 mark
(vi) This ques tion pape r contains 4 Long Answ er
these ques tions in I 00 to 150 words·.
(vii) Atte mpt all parts of a queslion loge/her. cand idar es in
In addi tion lo this, note thal a sepa rate ques lion has been prov ided for Visually Impa ired
( viii) Impa ired
Such ques tions are to be attem pted by Visual~v
/ie11 of ques tions having visual inpul.s, map etc.
cand idate.\· only . •ided ;11 lew
r. Ho we ,·er, an inter nal choi ce has been pro,
(ix) Ther e i.\ nfJ fJ vera/1 choice in t/11: q11estion pape ·
lions has to he al/empted.
que.\ tiom Only one of the choices in such q11es
XII-E CON OMI CS- [
 SECTION -A {MA CRO ECO NOM ICS)
the correct
I. Rend till' fo llowi ng stntt·m cnt'~ : Asse rtion (A) nncl Reaso n (R) & choose
I
option:

t\SSl'r tion {A) : The gove rnment ca n dccrcnsc the inflationar

y gap by selling government

S1..' ruritics 1n the op1.·n market.

RcnS()l\ (R) : The central bank sells the government

securities in the open market to

d 1...'fft'8S1..' the lending capacity of commercial banks.

Options: ,
1s the correct
(Af Both Asse11ion (A) and Reason (R) are true and Reason (R)
explanation of Assertion (A).
not the correct
(8) Both Assertion (A) and Reason (R) are true but Reason (R) is
explanation of Asse1tion (A).

(C) Assertion (A) is true but Reason (R) is false.

(D) Assertion (A) is false but Reason (R) is true.

Mantri Garib Kalyan
2. 'The government has increased wheat allocation under Pradhan
additional 3 .5 millions
Anna Yojana from October 2024 lo stabilise the rising prices. An
I
tonnes of wheat will be provided until March 202:S."
tive the government
Based on the aforementioned statement identify the budgetary objec
is trying to achieve.

(A) Reallocation of resources (B) Economic stability

(C) Redistribution of income ( ~ n e e d regional growth

must be added to net
3. To arrive at the value of gross value added at market price, - -
I
value added at factor cost.

(A) Consumption of fixed capital

(B) Net factor Income from abroad

( ~ ~ t indirect tax and net factor income from abroad

(D) Depreciation and net indirect tax

3 XII-ECONOMICS-E
 (·xc hnngc rn te sys tc111 . th e cx<.: hangc nit!.! is pro ne to speculative
4. UndC'r tlw
ntt ncks.
-- I

tA) F,~l·d (B) Flc x1blc

(C) N'-·1ther (/\ ) nor (B) (le f Both (A) and (BJ

a consumption curv e paral lel

~- ll n,k r the Kcyncsinn theory , if a hypothetical economy has
iplier will be: I
10 x-nx is. the va lue of will be investment mult

(8)
(A~~

(e( Infinity (D) Can ' t be determ ined

fi sca l defici t was 17.86 lakhs

6. As per the data presented in Union Budget 2023-24, the
7.06 lakh crore s. The value of
crores whereas prim ary defic it the value of lakh crores was
1
would be. I 0.8 lakh crores.

~ev enu e deficit disinvestment (B) Borrowings

Interest payments (D) Disinvestment

(C)
ct optio n : 1
7. Read the following statements·carefully & choose the corre
can _be infin ity.
Statement I : The maximum value of investment multiplier
een the value of marginal
Statement 2 : There exists an inverse relationship betw
propensity to consume and investment multiplier.

In light of given statements, choose the correct optio n :

(A) Statement I is true & statement 2 in false ,

(B) Statement 1 is false & statement 2 is tme.

(✓Both the statements are true.

(D) Both the state ment are false.
r Keynesian Economics is a
8. Total consumption expenditure in a two sector model unde
combination of _ _ _ and ___ ,_ l

(✓Autonomous consumption, Autonomous Investme~t

(B) Auto nomous Investment, Induced consumption

(C) Induced In vestment, Autonomous consumption

(D) Autonom ous consumption, Induced consumption

5 Xll-ECONOMICS-E
 t

c 111 c full y :
I
l) lknd tlw follP win t-t :-1n1c11wnt
rnme nt on free vaccination durin g
S1nll't1Wnt I : E>. pl'nd ,tun: trH.: urrcd by the ccntr nl go ve
('t) \ "11 ) . JO " ns :1 r11 p11 :il L'xpc nJitu rc.

S1nl\: 111n\l 2 : C',1prt11l ~xpcnditurc arc th e recurring expe

nses of the go vernment that lead

l l) incrc ns1..· in its liabi lit ies or dec rease

in its assets .

from the following :

ln the light of given sta tements, choose the correct option

(A( Statement l is true & statement 2 in false.

(B) Statement I is false & statement 2 is true.

(C) Both the statements are true.

(D) Both the statement are false.

durin g April to Febr uary 2024

10. Based on the given diagram, the merchandise trade
1
reflects a __ _ of USO __ _ billion.

Merchandise Jrade during Apr-Feb 2023-2 4

655.05
620.19

409.11 394.99

Apr-Feb 2023 Apr-Feb-2024

I □ Exports ■ Imports I

(A) Surplus, 225.20 (B) Surp lus, 245. 94

(e f oeficit, 225.20 (D) Defi cit, 245. 94

7 XII-ECONOMICS-E
. a\1esu v 11 v - - Mi c.«aaM- - ~-IP.:l~
r,-m :rt"iUllll'•Wl -•- -

For Visually Impaired Cnnd idntes :

_ _ _ indicates th, •iiwllion of current account surplus in the balance of payments

account.

(A) Total autonomot. s inflows > Total autonomous outflows

(B) Total autonomors inflows< Total autonomous outflows

(C) Accommodating i 1fl ovv·s > Auto_nomous outflows

(D) Accommodating outflows< Autonomous inflows

3
~ (M On the basis of tl1c given data calculate the operating surplus:
Items Amount (in er.)
S.No.

Sales 4000
(i)

(ii) Compensation of employees 800

(iii) Intennediate consumption 600

(iv) Rent 400

(v) Interest 300

(vi) Net indirect tax 500

(vii) Replacement cost 200

(viii) Mixed income 400

OR

(B) State the steps ~1ertaining to estimation of National mcome by expenditure

method. 3

9 XJI-ECONOMICS-E
\2/ ·1lwut- h 1:1" is the mnjo r sourc,: of revenue receipts for l~f govcrfl ment, it is not the only
~,Ht {Cl'. · .lu~ti t) th~ stat..:nh.· nt giving proper arguments and exampl es . 3

lt1 d1a rer t:ivcs higl1cst foreign direct invcstmen! from Singapore m 2023 -24;
, I

t' ami t1us second biggest investor: Government data ' .

ln which sub-accou nt and on which side of the balance of payments account the
above transaction will be recorded? Give reason in ·suppott of your answer. 3

(Ii State the meaning of 'Current Account surplus.'

l y
" / , / I
(A..Y In a hypothetical economy, the aggregate dema nd exceeds aggregate supply at
, I

given level of employment. What changes are expected to lake place in this
economy with respect to income & employment? Explain: 4

OR

(B) In a hypothetical economy, the autonomous consunfPtion and autonomous

investment are t 80 crores and ~ 200 crores respectively. If the marginal
propensity to save is 0.4, calculate the break even level o[income of this economy.
If the marginal propensity to save decreases to 0.2, wh~t will be the equilibrium
. ?
level of income of this economy? 4

15. In an economy, people consume 90% of their additional income. If an additional

.-
investment oft 1000 crores is pumped into the economy, expl~in the working process of
. ~

increase in this investment on national income. 4

In an imaginaiy economy, only one good X being produced . In 2020, 1000

units of good X were produced and the price per unit was ~ 20. In 2023, the
product10n increased by 20% whereas the price 111crcascd by 50%. Find out.

(~ Real and nominal GDP for the year 2023 (assuming 2020 as the base

/ iear).

~ GDP deflator for the year 2023. 3

11 XII-ECONOMICS-E
 a,rrying ~ ..
d questions c

·Extcrnality'. How doc s the exi stence of cxtemality acts as a

(JJY Define 3
? Explain with suitable example.
limitolion of GDP as an index of welfare

OR

·same good can be an intermediate,

consumer or capital good defending
® (I) · h heJP o f suitable
statement wit
upon its end use. Defend or refute the
3
example.
considerably reduced the useful life
(II) 'Continuously changing technology has
hlighted in this statement and state
of fixed assets.' Identify the concept hig 3
its utility in national income accounting.

~ ad the following text carefully :

nomic situation.
'Central Board of RBI reviews current eco
th
(Economic Times: 13 Aug., 2021)
policy
current economic situation and the recent
The Central Board of RBI reviewed the
igate the adverse impact ofCOVID-19.
measures taken by the Reserve Bank to mit

rd reviewed the curren t econom ic situation global & domestic chal1enges and
'The Boa
& the recent policy measures taken
by Reserve
various areas of operations of the bank
Loca I
Board also reviewed the functioning of
Bank to mitigate the adverse impact. The
Boards.' RBI said in a statement.
ing, answer the following:
On th~ sis of text above and _common understand
ney & credit supply in the economy?
c✓ How does RB
_ I regulate the flow of mo
4
pted by RB I'for the same.
Explain any two measures that can be ado

(6 the situation of COVID-19, what do you

would have done to the repo rate? Explain
think that the Central Board of RBI
reason for answer.
2

13 XII-ECONOMICS-E
 SECTI ON-B (IND IAN ECONOM IC DEVELO PMENT)

\Vhich of the foll owing is NOT a strategy suggested by Herman Daly to attain
I
~u!-tainoblc development.

{A) Cont rol over population

(B) Input consuming technology

(✓Check over pollution

(D) Rate of resource extraction lesser than rate of resource regeneration
I
19. Read the following statement carefully :
Statement 1 : During the colonial rule in India. India e~perienced surplus in balance of
trade.

Statement 2 : The industrial sector became quite diversified under the colonial rule in
India.

Choose the correct option from the following:

(A) Statement I is true & statement 2 in false.

(B) Statement I is false & statement 2 is true.

(C f Both the statements are true.

(D) Both the statement are false.

20. Read the following statement - Assertion (A) & Reason (R) & choose the correct
options: I

Assertion (A): There is a need to promote education for women in India.

Reason (R) : Women education makes an adverse impact on fertility rate and health care
of women and children.

Options:

(AY Both Assertion (A) and Reason (R) are true and Reason (R) 1s the correct
explanation of Assertion (A).

(B) Both Assertion (A) and Reason (R) are true ~ut Reason (R) is not the correct
explanation of Assertion (A).

(C) Assertion (A) is true but Reason (R) is false.

(D) Assertion (A) is false but Reason (R) is true.

15 Xll-ECONOMICS-E
 Mlllllll'SMPIJIB
-IIII-IIIWIDl■ :w■
au11B1--BAi.'Jl -
---=u..-....-..-

21. In th~ tir~t ~cw n ) -ycn r pl nns. trndc wos drnrActcrised by whal is commonly called as
_ _ policy. I

(A) Fxport promotion (B) Disin vestment

(C) Outward looking (DY Inwar<l looking

,, Pres~ntly in lndia, the fish production from ___ contribute about 65% from of the
total volume of fish production and 35% comes from - - -

(A) Inland sources, mnrine sector (B) Inland sources, imports

(C) Marine sector, imports (gp( Marine sector, inland sources

23. Which of the following statements is INCORRECT about the industrial sector reforms
introduced in 1991? ~' 1
•
(A) Industrial licensing was abolished for almost all industries

(B) Only a few industries were now reserved for public sector

(C) Many goods eo~ld be produced only in Jmall scale industries

(DY The market was allowed to determine the prices of industrial goods

24. In the first phase of economic reforms in China, reforms were initiated in _ __
sectors.

(i) Agriculture (ii) Foreign trade

(iii) Investment (iv) Industrial sector

Options:

(A( ci), (ii) and (iii) only (B) (iv) only

(C) (i) and (ii) only (D) (ii), (iii) and (iv) only

25. The Central Pollution Control Board was set up in ___ by the Indian government to
address the water and air pollution.

(A) 1969 (B) 1974

(C) 1978 (D) 1982

17 XII-ECONOMICS-E
 empl oyment
t f nu l'l'Pnom v i~ uhlc to prndurc morl' goods & scrvi cc!'i wit hou t generat ing
2h. I
()1'1'"11u ni1k:,,;. it i~ :,,;nid to he chnrnc tcri ~cd hy :

(:\) Cn:- 11:ili ~ntion of workforce (11}/'Joblcss gro wth

tnfonnnli sntinn of workforce (D) Disgui sed unemployment

(C)

"- account s for the largest share in the di stri bution of li vestock in India.
- --
/ (8) Poultry
lk ) Cattle

(C) Sheep and goats (D) Horses

2a,/ (~/ Critically appraise the tax reforms initiated by the governmen t during reform s of
3
I 991.

OR

(B) 'Globalisation is the outcome of policies of liberalisation & privatisation .' Justify
3
the statement with help ·of valid arguments.

upon
29. 'China introduced structural refonns on its own initiative while they were forced
3
India & Pakistan by international agencies.' Do you agree? Justify your answer.
of
30. State and explain any two reasons for the slow down of growth and re-emergence
4
poverty in Pakistan's economy in its post reform period.

31. (A) 'Human development is a concept broader than human capital: ' Elaborate the
statement clearly differentiating between the two concepts. 4

OR

(B) 'The opportunity costs of negative environmental impacts are high .' Justify the
4
statement highlighting the opportunity costs mentioned in the statement.

19 XII-ECONOMICS-E
 . 2 I.:~\)C"ct·,' ....,,~
.:..t ~ A "'
V •
,,\
.-wwm--ea- ..
- ...
■■■Kl■l■1.
--
715

farm products and has

32 . ·The oltcrnntivc marketing chonncls have expanded the market for
channels have been
reduced the price risks of formers.· What kind of altc,·natc marketing
4
referred to in the given statement? Explain.
y. 3
33. (A) (1) " 'Growth without equity' is an undesirable planning objective." Justif
sign
(II) 'During the colonial rule, occupational structure of India showed little
Indian
of change.' Elaborate the statement citing the characteristics of
3
occupational structure on the eve of independence.

OR

r and
(B) (I) Discuss the changes made by the British in Indian Agricultural secto
3
the reasons behind them.
policy
(II) Briefly discuss the classification of industries under the industrial
3
resolution of 1956.

34. Read the following Passage carefully:

i.e. unemployment.
All developing countries like India, are facing one major problem
is growing day by
There are limited numbers of jobs in ·India and the youth population
ployment generated
day. Here the condition of more demand and less supply, hence unem
is high risk and
and the rate of generation are very fast like compound rate. There
asing unemployment
uncertainty in the agricultural and industrial sector. The incre
t we cannot think of
problem is definitely serious for India. Without doing some effor
asing population. We
getting success in any field and this will also be true for incre
a suitable job and help
should handle unemployment in such a manner that everyone gets
in increasing the growth of the country.

21 XII-ECONOMICS-E
 5 ,Q - . M wo ·nw e::
-.
An~wcr th<.' fr1l low in , d.
g quc~tin 11 ,~o
o
nt h• l . of. ahovc lcx r an <l common undcrstan mg :
c 'lns,s
\VI .
I I. mt 1s nwnnr 1
)y llll c n 1 I0
I
· P Ylllcnt?
. \Ve shnufd l1 n\:i11 di e un ~u ita bl e
em ploym ent in such a manner that everyone get<:> a
job and hc l . .
p in rncreasi th
c growt h of the co un try '. fn this state ment , what do
vo u think tl must be d ng 2
. 1at unemployment?
one to resolve the problem of
\¥ ha t steps hav e been tak b rnment of India to tackle the prob
lem of
. en Y the gove
unem 1 J
p oyment m the nation?