Guru Harkrishan public school , India Gate

Economics holiday homework

Class XII ( 2023- 2024)

PART A: Project work in economics

1.Guidelines for project work in economics
A. Learners will complete ONE project during the academic session.
B. Project should be of 3500 -4000 words.
( excluding diagrams and graphs)
C. It should be an independent self-directed piece of study.
2.Scope of project: Student may work upon the following lines:
• Introduction
• Detail of the topic
• Collection of research material/ Data
• Organisation of material/ Data
• Present material / Data ( Diagrammatic presentation or Numerical presentation related to the
TOPIC)
• Analyzing the material/ Data for conclusion
• Draw the relevant conclusion : which may include the following
- Pros and cons of economic event/ happenings
- Major criticism related to topic if any
- Students own view/ perception /opinion and learning from the work
- Any other valid Idea as per perceived notion of the student who is actually working and
presenting the project work
• Presentation of the project work.

3. Marking scheme

S.NO HEADING MARKS ALLOTTED

1. Relevance of the topic 3
2. Knowledge Content / Research work 6
3. Presentation Technique 3
4. Vice- voce 8
TOTAL 20 Marks

Suggestive list of topics( choose any 1 topic)

• Petrol Pricing
• Special Economic Zones in India.
• From Planning Commission to Niti Aayog - Transforming India.
• Micro and Small Scale industries.
• Contemporary Employment Situation in India.
• Health expenditure (of any state)
• Food Supply channel to India
• Disinvestment policy of the government.
• Human Development Index
• Self help groups
• Inclusive growth strategy
• Minimum Support Prices.
• Minimum Wage Rate- Approach and Application .
• Make in India- The way ahead.
• Digital India- Step towards the future.
• Waste management in India- Need of the hour/ waste to wealth creation
• Organic farming- Rising trend
• Vertical farming- an alternate way.
• Livestock- Backbone of Rural India.
• Bumper Production- Boon or Bane for the farmers.
• Horticulture - Golden revolution
• Virtual Water
• Reforms in Agriculture Marketing- A key to increase Per Capita Income of the farmers.
• Smart village- An ideal solution for reduction in migration of workers.
• Revival of Tributaries of river- better solution for irrigation than canal.
• Localization of productive activity- a good solution for reducing unemployment.
• Renewable and Affordable Energy sources
• Outsourcing -a boon to India
• Consumer’s behaviour for green product
• Srilanka's economic crisis
• Public private partnership.
• India’s first Global skill Park or skill India.
• E- wallet market in India – shift towards a cashless economy
• Need for Second Green Revolution.
• Money multiplier
• Government budget and its components
• Exchange rate systems- Methods and Techniques.
• An Analytical study of the Balance of payments Accounts
• The Reserve Bank of India – Organisation, Objects and Functions
• Role of RBI In control of Credit.
• Credit creation
• Trends in Credit availability In India.
• Budget deficit
• Trends in Budgetary condition of India.
• Foreign exchange market
• Money and Banking – From Barter to Crypto.
• Rise of Concrete Jungle – Trend Analysis.
• Sarwa Siksha Abhiyan – Cost Ratio Benefits.
• Education in India- changes and implications
• Bangladesh- the next Asian tiger
• Food security / Food wastage and its implications
• Waste Management and its importance
• Sustainable development – Need of the hour
• Any other Newspaper article and its evaluation on basis of economic principles.
 • Any other topic

PART B: Questions relating to the Chapters covered (Do these in sheets or separate register)
Answer the following questions
Q1. Which of the following are intermediate goods and which are final goods. Give reasons for your
answer.
a. Furniture purchased by a school.
b. Milk purchased by a tea stall.
c. Bus purchased by a school.
d. Juice purchased by a student from the school canteen.
e. Mobile set purchase by a mobile dealer.
f. Chalk, duster etc. purchased by a School.
Q2. Are the following statements true or false, give reasons.
a. Bread is always a consumer good.
b. Capital formation is a flow.
c. Single use consumer goods are intermediate goods
d. Change in inventory is a stock concept

Q3. ‘Circular flow of income in a two sector economy is based on the axiom that one's expenditure in
others income’. Do you agree with the given statement? Support your answer with valid reasons
Q4. Microeconomics is different from macroeconomics because:
a. Microeconomics deals with economic behaviour
b. Microeconomics deals with individual behaviour
c. Microeconomics deals with prices only
d. Microeconomics deals with the government’s decisions
Q5. Which of the following is an example of macroeconomics?
a. Price determination
b. Consumer’s equilibrium
c. Producer’s equilibrium
d. Inflation
Q6. Which of the following is an example of transfer payment:
a. Free meals in the company canteen
b. Employers’ contribution to social security
c. Retirement pension
d. Old-age pension
Q7. Can the gross domestic product be greater than the gross national product? (1)
a. No
b. Yes
c. Never
 d. Can’t say
Q8. State which one of the following is true.
a. Rent is a factor income
b. Royalty is not a factor income
c. Tax is a factor income
d. Subsidies is a factor payment
Q9. National Income is a
a. Hypothetical concept
b. Non economic concept
c. Stock concept
d. Flow concept
Q10. Money flow is the flow of
a. Goods only
b. Factor payments
c. Services only
d. Goods and services only
Q11. State which of the following is a stock and which is a flow?
a. Population of a country
b. Number of births
c. Investment
d. Monetary expenditure
e. A hundred Rupee Note
f. A family’s consumption of salt
g. Services of a tutor
h. Production of cement
i. Machinery of a sugar mill.
j. Cement production
k. Wealth

Q12. There are only two producing sectors A and B in an economy. Calculate (a) Gross value added at
market price by A and B (b) National Income

ITEMS. (Rs. IN Crores)

a. Net factor income from abroad. 20
b. Sale by firm A 500
c. Sale by firm B, 600
d. Indirect taxes by firm A and B 80
e. Depreciation by A and B 30
f. Export by A 45
g. Net change in stock of A 10
h. Net change in stock of B (-)10
 i. Intermediate consumption by A 200
j. Intermediate consumption by B 300

Q13.Calculate ‘ net value added at factor cost’ from the following data: -
ITEMS. (Rs. IN LAKHS)
a. Sale 800
b. Import of material. 500
c. Subsidies. 50
d. Change in stock. 40
e. Purchase of raw material from domestic market. 450
f. Wages and salaries. 200
g. Consumption of fixed capital. 60

Q14. From the following data, calculate ‘ National income’ by (a) Income method (b) Expenditure
method : -
ITEMS. (Rs. IN Crores)
a. Interest 150
b. Rent. 250
c. Government final consumption expenditure 600
d. Private final consumption expenditure 1200
e. Profit 640
f. Compensation of employees 1000
g. Net factor income from abroad. 30
h. NIT 60
i. Net export. (-) 40
j. Consumption of fixed capital 50
k. Net domestic capital formation. 340

Q15. Calculate NI by income and expenditure method:

S.no Items (Rs. in Crores)

(i) Subsidies 5

(ii) Private final consumption expenditure 100

(iii) NFIA (-) 10

 (iv) Indirect Tax 25

(v) Rent 5

Government final consumption

(vi) 20
expenditure

(vii) Net domestic fixed capital formation 30

(viii) Operating surplus 20

(ix) Wages 50

(x) Net export (-) 5

(xi) Addition to stock (-) 5

(xii) Social security contribution by employers 10

(xiii) Mixed income 40

Q16. Calculate national income or NNP at FC

Particulars. ₹ in crores
GDP at MP. 5,500
Consumption of fixed capital. 300
Goods and services tax. 120
Factor income from abroad. 150
Subsidies. 70
Factor income to abroad. 250

Q17. Mention the situations in which the following equations will hold true:

1. National income = Domestic income

 2. GDPFC > GDPMP
3. NNPFC < NDPFC
4. GDPFC = GDPMP

Q18. Calculate Indirect Taxes from the following data:-

Particulars Rs. in crores

NDP at FC 55,915
Subsidies 1,540
Factor Income from abroad 625
Consumption of fixed capital 1,625
Factor Income to abroad 865
Subsidies 58,350
Q19. How will you treat the following which estimating national income of India? Give reasons.
1. Dividend received by an Indian from his investment in shares of a foreign company.
2. Money received by a family in India from relatives working abroad.
3. Interest received on loans given to a friend for purchasing a car.
4. Dividend received by a foreigner from investment in shares of an Indian company.
5. Profit earned by a branch of an Indian bank in Canada.
6. Scholarship given to Indian students studying in India by a foreign company.
7. Fees received from students.
8. Profits earned by branch of a foreign bank.
9. Interest paid by an individual on a loan taken to buy a car.
10. Expenditure on machines for installation in a factory.
11. Profit earned by a branch of foreign bank in India.
12. Payment of salaries to its staff by an embassy located in New Delhi.
13. Interest received by an Indian resident from firms abroad.
14. Salaries received by Indians working in branches of foreign banks in India
15. Profits earned by an Indian bank from its branches abroad.
16. Rent paid by embassy of Japan in India to an Indian resident.
17. Imputed rent of self occupied house
18. Interest received on debentures
19. Financial help received for flood victims
20. Value of bonus shares received by shareholders of a company.
 Q20. Will the following be included in gross domestic product / Domestic Factor Income of India?
Give reasons for each answer.
1. Old age pension given by govt.
2. Factor income from abroad.
3. Salaries to Indian residents working in American embassy in India.
4. Compensation of employees given to residents of china working in Indian embassy in China.
5. Profit earned by a company in India, which is owned by a non-resident.
6. Profit earned by an Indian company from its branch in Singapore.
Part C: India's Global Leadership – Host of G- 20 Summit

1. Make a MINDMAP/ CHART on G20

• When established ?
• Headquarter
• Main aim
• Theme of G20 Summit - 2023
• Member countries
• Logo of G20
• Key areas of focus of G20 – Summit 20
2. Make a BOOKLET on following topic
With the global task of G20 Presidency turns toward India's table, discuss India's role as a leader of
Global South
( include- A brief introduction of G-20 , Issues that developing economies are facing today, Issues
which India could highlight as a member of G20, and how India can help in contributing global
economic growth)

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