Economics XII Pre Board - Google Forms

9/20/21, 1:48 PM K.R.
MANGALAM VP/2021-22/CLASS XII/PRE BOARD EXAM/ECONOMICS
K.R. MANGALAM VP/2021-22/CLASS

XII/PRE BOARD EXAM/ECONOMICS
MAX. MARKS: 50
TIME ALLOWED: 90 MINUTES
GENERAL INSTRUCTIONS:
1 There are 50 questions in the question paper.
2 The question paper contains 3 sections.
3 Section A has 20 questions.

4 Section B has 20 questions.
5 Section C has 10 questions.
6 All questions carry equal marks.
7 There is NO negative marking.
* Required
1. Email *
2. Name *
3. Class *
Mark only one oval.
XII A
XII B
XII C
XII D
XII E
XII F
https://docs.google.com/forms/d/1r2vU31q7gY-JBiudSTYyRQw-88sOeOVgNFz6WUqrRXg/edit 1/25
9/20/21, 1:48 PM K.R. MANGALAM VP/2021-22/CLASS XII/PRE BOARD EXAM/ECONOMICS
There are 20 questions in section A. All questions are compulsory.

SECTION A
4. ------------ programme intend to improve the food and nutritional status of 1 point
the poor. *
Mark only one oval.
Midday Meal Scheme
Public Distribution System
Integrated Child Development Scheme
All of these
5. Match the following. * 1 point
Mark only one oval.
A-2, B-3, C-4, D-1
A-1, B-3, C-4, D-2
A-2, B-4, C-3, D-1
A-3, B-2, C-4, D-1
6. Which of the following is the problem of human capital formation in India: * 1 point
Mark only one oval.
Brain drain
Low academic standards
Rising population
All of the above
7. Which one of the following is not a capital expenditure? * 1 point
Mark only one oval.
Loans advanced by World bank
Construction of school buildings
Repayment of loans
Purchase of metro coaches from japan
8. A government budget is an annual statement of ________ during a fiscal year. * 1 point
Mark only one oval.
Estimated receipts and expenditure
Actual receipts and expenditure
Revenue receipts and expenditure
Capital receipts and expenditures
9. Which of the following steps should be taken by the central bank if there is ex 1 point
cessive rise in the foreign exchange rate? *
Mark only one oval.
Supply foreign exchange from its stock
Demand more of other foreign exchange
Not intervene in the market as exchange rate is determined by the market forces
Help central government to stabilise foreign exchange rate
10. In an economy, If the amount 1 point
of export of goods and services are Rs.4500 and Rs.2500 respectively and i
mport of services
and goods are Rs.1000 and Rs.1500 respectively. Balance of Trade in the eco
nomy is: *
Mark only one oval.
3500
3000
4000
4500
11. What percentage of agricultural production increased from 2007 to 2012? * 1 point
Mark only one oval.
2%
3.2%
4.1%
4.4%
12. In the rural area, which institutions collect small savings and give credit to 1 point
their members: *
Mark only one oval.
Self Help Group
Saving Help Group
Short time Help Group
All of the above
13. Which one of the following was not the condition of foreign trade under 1 point
British rule? *
Mark only one oval.
Surplus on account of foreign trade was spent on war expenses.
Favourable trade policies for Handicraft industry
India became net exporter of raw material
India became net importer of finished goods produced by Britain.
14. Under Flexible exchange rate system, due to relaxation of global COVID-19 1 point
pandemic restrictions on travel, there is increased movement of tourists
from India to Maldives. This leads to ________ in domestic currency of India. *
Mark only one oval.
Depreciation
Appreciation
Devaluation
Revaluation
15. Attempt any one of the following: * 1 point
Mark only one oval.
16. GATT was established in the year: * 1 point
Mark only one oval.
1958
1946
1955
1962
17. It refers to contracting out some of its activities to a third party which were 1 point
earlier performed by the organization *
Mark only one oval.
Globalisation
Outsourcing
Privatisation
Liberalisation
18. Human capital formation leads to : * 1 point
Mark only one oval.
Efficient utilisation of inputs
Increases in skills of people
Increase in GDP growth
All of the above
19. When was the National Bank for Agriculture and Rural Development 1 point
established in India: *
Mark only one oval.
1982
1987
1976
1999
20. In 1987-88, ______________ were setup to impart modern education to 1 point

talented students of rural areas. *
Mark only one oval.
Kendriya Vidyalaya
Navodaya Vidyalayas
Pratibha vikas Vidyalayas
Gramin Vidyalayas
21. Which one of the following is not related to AGMARK : * 1 point
Mark only one oval.
Quality of agricultural produce
Grading of agricultural produce
Certification of agricultural produce
Heavy machinery used for agricultural activities
Mark only one oval.
23. The focus of government budget is to: * 1 point
Mark only one oval.
Maximise fiscal deficit
Minimise fiscal deficit
Maximum expenditure
Maximum revenue
There are 20 questions in section B. All questions are compulsory.

SECTION B
24. Decrease in Cash Reserve Ratio will lead to…...........… * 1 point
Mark only one oval.
Fall in aggregate demand
No change in aggregate demand
Rise in aggregate demand
Fall in general price level
25. …………….was the Indian Finance Minister in 1991, acknowledged for his 1 point
capabilities to steer away the economic crisis looming large on the erstwhile
Indian Economy. *
Mark only one oval.
Dr. Subramanian Swamy
Dr. Manmohan Singh
Pranab Mukherjee
Dr. Urjit Patel
26. Select the correct option: * 1 point
Mark only one oval.
Both Assertion(A) and Reason (R) are true and Reason(R) is the correct explanation of
Assertion(A)
Both Assertion(A) and Reason (R) are true and Reason(R) is the not correct explanation
of Assertion(A).
Assertion(A) is true but Reason(R) is false.
Assertion (A) is false but Reason (R) is true.
Mark only one oval.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A)
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A)
Assertion (A) is true but Reason (R) is false.
28. What was Infant Mortality rate of India at the time of Independence * 1 point
Mark only one oval.
214 per thousand
218 per thousand
252 per thousand
239 per thousand
29. Which of the following is an indicator of economic development in an 1 point

economy? *
Mark only one oval.
Increase in National Income
Increase in per capita Income
Increase in population
All of the above
30. Which economic system is based upon the market forces of demand and 1 point
supply? *
Mark only one oval.
Capitalism
Socialism
Mixed
Monarchy
31. In which of the following state land reform was most successful? * 1 point
Mark only one oval.
Punjab
Haryana
Tamil nadu
West Bengal
32. Identify the correct pair from column I and column II and choose the correct 1 point
alternative. *
Mark only one oval.
A-1
B-2
C-3
D-4
33. Which one of the following is a non tax revenue. * 1 point
Mark only one oval.
Income tax
Corporate tax
Dividends
Borrowings
34. How will the devaluation of Indian Rupee affect the exports? * 1 point
Mark only one oval.
Exports will fall
Exports will rise
Exports will remain same
Exports will first fall and then rise
35. If LRR is 5% , the money multiplier will be * 1 point
Mark only one oval.
20 times
10 times
5 times
4 times
Mark only one oval.
Both Assertion (A) and Reason(R) are true and Reason (R)is the correct explanation of
Assertion(A)
Both Assertion (A) and Reason(R) are true and Reason (R)is not the correct explanation
of Assertion(A)
Assertion (A) is true and Reason(R) is false
Assertion (A) is false and Reason(R) is true.
37. An Indian real estate company receives rent from Google in New York. This 1 point
transaction would be recorded on ________ side of _________ account. *
Mark only one oval.
Credit, current
Credit, capital
Debit, capital
Debit, current
38. Export of machinery is recorded on the: * 1 point
Mark only one oval.
Debit side of Current Account
Credit side of Current Account
Credit side of Capital Account
Debit side of Capital Account
39. Identify the correct pair from column I and column II and choose the correct 1 point
alternative. *
Mark only one oval.
A-1
B-2
C-3
D-4
40. Select the correct option. * 1 point
Mark only one oval.
Assertion (A).
of Assertion(A).
Assertion (A) is true but Reason (R) is false
Assertion (A) is false but Reason (R) is true
41. The main cause(s) behind poverty is/are. * 1 point
Mark only one oval.
Social inequality
Illiteracy
Unequal wealth distribution
All of the above
42. Reforms have not been able to benefit agriculture because of 1 point
______________________ *
Mark only one oval.
Public investment in agriculture sector especially in infrastructure has fallen
Rise in subsidy
Rise in import duties on agriculture products
Shift from production of cash crops to food crops
43. _____________ is not issued by RBI. * 1 point
Mark only one oval.
RS. 100 note
RS. 500 note
Coins
RS. 2000 note
There are 6 questions in section C(1). All questions are compulsory.

SECTION C (1)
Mark only one oval.
Assertion (A)
of Assertion (A)
Assertion (A) is true but Reason (R) is false.
Mark only one oval.
46. Which of the following is not a measure to reduce fiscal deficit? * 1 point
Mark only one oval.
Reduction in taxes
Disinvestment
Reduction in subsidies
Deficit financing
47. Which one of the following is not recorded in the capital account of BOP? * 1 point
Mark only one oval.
Equity capital
Gifts, remittances and grants
Government aid
Offshore funds
48. Which of the following is not a component of fiscal policy of the government. 1 point
*
Mark only one oval.
Fines, challans and penalties
Expenditure on maintenance of roads and dams
Margin requirements
Tax revenue
49. On the basis of the given case study: What is the main benefit of the scheme? * 1 point
Mark only one oval.
Bring alot of people in the purview of health care.
Make health care affordable for the rich in India.
Alleviating poverty in India.
Improving the education in India.
There are 4 questions in section C(2) based on a case study. All questions are compulsory.
India officially enters technical recession,

GDP contracts by 7.5 percent in Q2 of FY21The Indian economy contracted by 7.5 percent
in the second quarter of the fiscal year 2020-21 (July to September), as per government
data that was released on November 27, 2020. With this contraction, India officially
entered a technical recession for the first time. The contraction is a rebound from the
earlier quarter of the fiscal year 2020-21. India's economy had contracted by 23.9 percent
in the April to June quarter (Q1 FY21), which marked the first contraction in more than 40
years as the COVID-19 pandemic majorly impacted consumer demand and private
SECTION investments. According to the Ministry of Statistics and Programme Implementation, the
C (2) gross value added (GVA) came in at minus 7 percent during the second quarter of FY21.
Key Details •The GDP at Constant (2011-12) Prices in Q2 of FY 2020-21 was estimated at
CASE Rs 33.14 lakh crore, as against Rs 35.84 lakh crore in Q2 of FY 2019-20. This shows a
STUDY contraction of 7.5 percent as compared to 4.4 percent growth in the second quarter of the
Fiscal Year 2019-20.•The quarterly GVA at Basic Prices at Constant (2011-12) Prices for
the second quarter of FY 2020-21 was estimated at Rs 30.49 lakh crore, as against Rs
32.78 lakh crore in Q2 of 2019-20. This showed a contraction of 7 percent.•The second
quarter of FY 2020-21 saw a -15.6 percent drop in trade, transport, communication and
hotels. On the other hand, defence, public administration and other services saw a
contraction of -12.2 percent.•Further, the real estate, financial and professional services
sector saw a contraction of 8.1 percent and construction by 8.6 percent.
Ministry of Statistics and Programme Implementation 2020.
50. Repo rate is the rate at which * 1 point
Mark only one oval.
Commercial bank purchases government securities from the central bank
Commercial bank can take long term loans from central bank
Commercial bank can keep their deposits with Central bank
Short term loans are given by commercial bank
51. The central bank cannot increase the availability of credit by: * 1 point
Mark only one oval.
Decreasing the repo rate
Decreasing the reverse repo rate
Buying government securities
Decreasing the margin requirements
52. To encourage the flow of goods and services, RBI should * 1 point
Mark only one oval.
Increase bank rate
Increase CRR
Increase LRR
None of these
53. In order to increase purchasing power of people to come out of the low 1 point
aggregate demand trap and to increase the growth rate of GDP of an
economy, which of the following will increase the money supply? *
Mark only one oval.
Fall in repo rate
Purchase of securities in open market
Decrease in CRR
All of these
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9/20/21, 1:48 PM K.R.

MANGALAM VP/2021-22/CLASS XII/PRE BOARD EXAM/ECONOMICS

K.R. MANGALAM VP/2021-22/CLASS

TIME ALLOWED: 90 MINUTES

1 There are 50 questions in the question paper.

2 The question paper contains 3 sections.

3 Section A has 20 questions.

5 Section C has 10 questions.

6 All questions carry equal marks.

7 There is NO negative marking.

Mark only one oval.

There are 20 questions in section A. All questions are compulsory.

Mark only one oval.

Midday Meal Scheme

Public Distribution System

Integrated Child Development Scheme

5. Match the following. * 1 point

Mark only one oval.

A-2, B-3, C-4, D-1

A-1, B-3, C-4, D-2

A-2, B-4, C-3, D-1

A-3, B-2, C-4, D-1

Mark only one oval.

Low academic standards

All of the above

7. Which one of the following is not a capital expenditure? * 1 point

Mark only one oval.

Loans advanced by World bank

Construction of school buildings

Purchase of metro coaches from japan

Mark only one oval.

Estimated receipts and expenditure

Actual receipts and expenditure

Revenue receipts and expenditure

Capital receipts and expenditures

Mark only one oval.

Supply foreign exchange from its stock

Demand more of other foreign exchange

Help central government to stabilise foreign exchange rate

10. In an economy, If the amount 1 point

Mark only one oval.

Mark only one oval.

Mark only one oval.

Self Help Group

Saving Help Group

Short time Help Group

All of the above

Mark only one oval.

Surplus on account of foreign trade was spent on war expenses.

Favourable trade policies for Handicraft industry

India became net exporter of raw material

India became net importer of finished goods produced by Britain.

Mark only one oval.

15. Attempt any one of the following: * 1 point

Mark only one oval.

16. GATT was established in the year: * 1 point

Mark only one oval.

earlier performed by the organization *

Mark only one oval.

18. Human capital formation leads to : * 1 point

Mark only one oval.

Efficient utilisation of inputs

Increases in skills of people

Increase in GDP growth