UDAYA PUBLIC SCHOOL,AYODHYA

First Term Examination

CLASS- 12
Timing : 3:00 Hours SUBJECT- ECONOMICS M.M : 80
SET -2
General Instruction:’
 All the question in both the section are compulsory.
 Question number 1- 10 are very short answer question carrying 1 marks each.
 Question number 11- 12 are short answer question carrying 4 marks each.
 Question number 13- 15 are also short answer question carrying 4 marks each.
 Question number 16- 17 are long answer question carrying 6 marks each.
Part-A Macroeconomic

1. What is the time period of the Great depression:-

a) 1921 to 1925 b) From 1941 to 1953 c) From 1929 to 1933 d) None
2. In 1936, macroeconomic becomes a separate branch of economics after a book published by:-
a) Adam smith b) JB say c) J.M kenyes d) Alfred Marshall
3. Which is not a characteristics of a services?
a) Intangibility b) Variability c) Inseparability d) Inperishability
4. The rate of interest offered by the bank to deposit holder is called the
a) Bank rate b) Borrowing rate c) Lending rate d) Inflation rate
5. Cheques are example of............
6. Gross demand deposit include inter bank claims whereas net demand deposit do not include inter bank
claims. True or false.
7. Loans offered by commercial bank.......... the money supply in the economy.
8. ............. manages public debt of the central as well as state government.
9. Explain legal reserve requirements.
10. What is reverse repo rate.
11. Suppose a bond promise 500 rs at the end of two years with an intermediate return. If the rate of interest is
5% per annum. What is the price of the bond.
12. There is no equivalent cash to the amount of demand deposit with the bank even the why should the
demand deposit be taken as a part of money supply.
13. What type of data is required to measure national income at each of the three phases of circular flow.
14. Gross value added at market price and Gross domestic product at market price are one and the same thing.
True or false give reason
15. Giving valid reason whether they include in national income or not
a. Salaries paid by the French embass, New Delhi to the local workers of the housekeeping
department .
b. Compensation paid the govt of India to the victims of flood.
16. Calculate NVAfc:-
Items
Sale of wheat by the farmers in the local market (6800)
Purchase of tractor (5000)
Procurement of wheat by the govt from the farmer (200)
Consumption of wheat by the farming family during the year(50)
Expenditure on the maintenance of existing capital stock (100)
Subsidy (20)
17. Calculate NDPfc
Items
Dividends (60)
 Wages and salaries (2000)
ECSSS (100)
Rent (300)
Corporate tax (30)
Retained earning of private corporations (10)
Interest (300)

Part-B Indian Economic development

18. .........unemployment is a distinct characteristics of Indian agriculture.
19. Handmade textile of Bengal........ was also referred of as Malmalshahi.
20. Which of the following factors further caused decline of jute textile after partition of the country.
a. British policies b) Famines c) Lack of raw materials d) None of these.
21. In India,......... was the chairperson of planning commission.
22. The second phase of green revolution started in........
a. Mid 60s b) Mid 70s c) Mid 80s d) Mid 90s
23. Before the advent of green revolution in 1960s India was primarily dependent on...... for the supply of food
grains.
a. USA b) UK c) Mexico d) USSR
24. How many FYP’s have implemented in India?
25. Deregulation of the economy and to introduce the policy the laissez faire can be achieved through
a. Liberalization b) Globalization c) Privatization d) None of these.
26. As a part of Globalization process, tariff rates were......... in India.
a. Raised b) Lowered c) Both d) None
27. Which market form has declined with coming of NEP?
a. Monopoly market b) Perfect competition c) Oligopoly d) Monopolistic competition
28. Do you think only loss making companies should be privatized? Why?
29. Why should Navratna’s not be privatized ? Giving logical reason.
30. How do the industries help to strengthen the economy.
31. Trace the growth of industries sector during the period 1950-51 to 1990-91.
32. Explain the causes of downfall of the Indian handicraft during the British rule?
33. Give two merits and demerits of mixed economic system.
34. Economic growth and economic development means one and the same. Defend or refute give reason.