General Instructions

) This question paper contains 13 questions.

indicated against each
All questions
are compulsory. Marks are
ii)
question.

2 marks each, 5 questions of

iii) This question paper contains 5 questions of
and 3 questions of 5 marks each.
3 marks each
to be
2 marks questions are Short Answer Type questions and are

(iw) answered in 30- 50 words.

and are to be
3 marks questions are also Short Answer Type questions
(v)
answered in 50- 80 words.
and are to be
Long Answer 1ype questions
(vi) 5 marks questions are

answered in 80- 120 words.

However, internal
There is overall choice in the question paper.
no
(vii) candidates need to
questions. The
choice has been provided in few
such questions.
attempt only one question from
Case/Source Based Question also.
(vii) This question paper contains

Income from Abroad (NFIA) shows Negative Value?

When does Net Factor
OR
State the meaning of retained earning

schedule, answer given questions:

the
Onthe basis of following 150 200
0 50 100
Income (in erores)
20-10 0 30 60
Savings (in Rcrores)
Save (MPs) at 150 crores level of
(a) Calculate Marginal Propensity to
income.
Consumption?
(b) What is the value of Autonomous
OR
spent is on

In an economy 75 increase in income

percent of the
increased by7 1,000 crore.
consumption. Investment 2
information.
on the basis of given
the total increase in income
Calculate
P.T.O.

58/8/1
 Excess demand creates Breater opportunities of employment in the
economy.' Defend or refute the given statement with valid explanation.

"In India women participation rate is lower in urban areas than in the
rural areas." Explain with valid arguments.

OR

Infrastructure contributes directly to the economic development of a

country." Do you agree with the given statement ? Explain.

Stimulating public mode of transportation may lead to promote

Sustainable development'. Explain with valid arguments. 2

Giving valid reasons, explain how the following would be treated while
estimatingNational income:

(a) Payment of indirect taxes by a firm.

1%
(b) Purchase of goods by foregin tourists. 1%
OR
Using the following information, caleulate and analyse the value of Gross

Domestic Product (GDP) deflator 3

Year 2014 155 2016-17

Nominal GDP 6.5 9

Real GDP 6.5 7.2

Explain how Bio-composting can be helpful in achieving the objectives of

3
sustainable development.

58/31 P.T.o.
 Great leap forward campaign.
Explain briefly the problems faced by

Annual Growth rate of population of India and

9. Compare and analyse the
China.
Annual Growth rate of population (2015)
Country
1.2%
India
0.5%
China

demand for
how will it affect the
Bank rate is increased,
B. lf in a n economy

credit ? Bxplain.
calculate Net Value
Added at Factor
) From the following data,
. (a)
Cost (NVAp) Amount in (? Crores)
Particulars
S. No.
20
Price per unit of output
) 1250 units
Output sold (units)
(i)
Excise duty
5,000
(ii)
Consumption of fixed capital 1,000
iv)
Change in stock 500
(v)
6,000
(vi) Single use producer goods

and
distinction between final
there is a need to make
i) Why 2
intermediategoods?
OR
Externalities, with suitable
the concept of
b) Discuss briefly
example.
Factor Income
from abroad'.
Export are not a part of 'Net
i)
behind the given statement.
Elaborate the reason

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58/3/1
 pressures
two monetary tools to control inflationary
12 State and discuss any
5
in the economy.

CASE STUDY

question number 13(a)

Read the following text carefully and answer

and 13 (b) given below:

The centre's PM Gati Shakti Scheme will give much needed push to
infrastructure development and logistic across India. This scheme will

drive the economic growth by giving boost to industries such as steel and

cement.

Greater connectivity is expected to improve economic opportunities

for small farmers and small and medium enterprises through new roads,

cargo terminals etc.

The Gati Shakti Scheme features at the centre

stage of Budget 2022-
28, highlighting the importance of quality multi-modal transport in
achieving overall cost competitiveness.

Under Gati Shakti Scheme, the

railways will develop new products
and services targeted at small farmers and
businesses to help them
become a part of layer supply chain.

Source: The Economic

Times, Feb. 2, 2022 (Modified)

58/3/1 P.T.O.
 2
2 13
( State the meaning of infrastructure.

3 6Explain any two objectives of PM Gati Shakti Scheme.

58/3/1 11