SHIVALIK-HILLS SEN. SEC.

SCHOOL
(SA-1 2022)
Class-12 th
Subject-Economics
M.M. 80 Time-3 Hour
Name_______________________ Sec____________ Roll No______
1. Inventory is a__________ concept whereas the change in inventory is a __________ concept. (1)
( a ) stock , flow ( b ) flow ,stock (c) stock, stock (d) flow, flow
2. If in an economy the value of Net factor Income from abroad is Rs. 200 crores and the value of
factor Income to abroad is Rs.40 crores . Identify to value of factor Income from abroad (1)
3. Which of the following is the component of M₁ measure of money supply? (1)
( a ) Time Deposit (b) Demand Deposit
(c ) Cash Reserves of commercial banks (d) None of these
4. Who Supplies money in India ? (1)
( a ) The RBI ( b ) The Commercial banks
(c ) The Government ( d ) all of these
5. Commercial banks create Money by way of (1)
( a ) time Deposits ( b ) Demand Deposits (c)Treasury bills (d)Bill of exchange
6. How is Money multiplier estimated in relation to CRR? (1)
7. The Central bank issues Currency on the basis of CRR
( True / False ) (1)
8. If MPC is 0.8 the value of multiplier is: (1)
(a)2 (b)3 (c)4 (d)5
9. Desired saving during an accounting year is called (1)
(a)ex-ante saving (b)ex-post saving (c)actual savings (d) None of these
10. Suppose in a hypothetical economy, the income rises from Rs. 5000 crores to Rs. 6,000
crore. As a result the consumption expenditure rises from RS. 4000 crore to RS. 4,600
crore.Marginal Propensity to consume in such a case would be (1)
(a)0.8 (b)0.4 (c)0.2 (d)0.6
11. The programme of economic reforms in India was started on_______________ (1)
12. Which of the following are the components of globalization under the new economic policy?
(1)
(a) Partial convertibility of the Indian rupee.
(b) Increase in equity limit of foreign investment
(c) Reduction in tariffs
(d) All of these
13. External sector reforms under NEP included (1)
(a) Foreign exchange reforms
(b) Foreign trade policy reforms
(c) Both (a) and (b)
(d) None of these
14. Legally stipulated maximum size beyond which no individual farmer can hold any land(1)
(a) Tenancy reforms (c) Abolition of intermediaries
(b) Land Consolidation (d) Land ceiling
15. Match the following: (1)
Architect of Indian Planning 2015
Green Revolution PC Mohalanobis
NITI Aayog Prime Minister
Chairman of Planning Commission 1967-68
(a) 1A,2B,3C,4D
(b) 1B, 2D, 3A, 4C
(c) 1D, 2A, 3B, 4C
 (d) 1C, 2A, 3B, 4D
16. What do you mean by tarrifs? (1)
17. Which of the following is the primary objective of economic planning in India? (1)
(a) Abolition of Poverty
(b) Removing unemployment
(c) Growth with social justice
(d) Reducing inequality of Income
18. Most developed infrastructure during British period (1)
(a)Waterways (b)Airways (c)Railways (d)Roadways
19. Which year is known as the year of great divide? (1)
20. What was the nature of the Indian economy on the eve of independence?
(1)
(a)Stagnant (b)Backward (c)Underdeveloped (d) All of these
Section-B
21. Given that S=-25+0.5y and I =5000,find equilibrium y and equilibrium C. (3)
22 If a consumption function of a hypothetical economy is given as
C=100 + 0.6y, them (3)
(i)What will be the values of MPC and MPS
(ii)Write the corresponding saving function
OR
If the real GDP is Rs. 400 and Nominal GDP is Rs. 450, Calculate the price Index(Base=100)
23. What is meant by Money Supply ? mention its Components (4)
24. What is Investment Multiplier ? Explain its working with suitable numerical example. (4)
25. (a) Explain the Bankers Bank function of the Central Bank
(b) Giving reasons classify the following into intermediate products and find products:
(a) Furniture purchased by a school
(b) A car purchased by a household. (2+2=4)
26. Explain the determination of equilibrium level of national income using saving and
Investment approach. use table and diagram. Also explain the effects if savings are greater
than investment (6)
27. Calculate National Income by Income and Expenditure Method (6)
Particulars Rs.(in crores)
Compensation of employees 1200
Net factor Income from abroad -20
Net Indirect tax 120
Profits 800
Private final consumption expenditure 2000
Net Domestic capital formation 770
Consumption of fixed Capital 130
Rent 400
Interest 620
Mixed Income of self employed 700
Net exports -30
Government final consumption expenditures 1100

Section-C
28. State three arguments in favour of NEP? (3)
29. Explain how import subsitution can protect domestic industry.
OR
What are the features of Industrial Policy of 1956? (3)
30. Distinguish between tarrif and Non tarrif barriers.Why should these be removed to
promote globalization.
OR
Agriculture sector appears to be adversely affected by the reform process. Why? (4)
31. Discuss briefly the rational behind equity with growth as planning objective for Indian
economy. (4)
32. (a) State any one positive contribution made by the British in India. (4)
(b)Indicate the volume and direction of foreign trade of India at the time of Independence
33. What are the main Land reforms undertaken in India? (6)
34. State four main features of India economy at the time of independence. (6)