a ate / NOTE: @ Frasta eS Re va re a gia Ts 28 F ___ Please check that his question paper contains 28 printed pages @) Frmste aa fh aaevat ode Please check that this question paper contains 34 questions a ate SGM eyes & al Gi) gene Hef rer A SK FRM HATH fee | Q.P. Code given on the right hand side of the question paper should be written on the title page of the answer-book by the ¢@ \didate. Gy) eee en sr \ Please write down the serial number of the question in the answer-book before attempting it. @) aya ST GTS FR 45 frre at aa AT TAT pwenen ar ae ate 10.15 aa fear TET | 10.15 444 gg a aes ae ae ET ALE ars aa Fah sec afer aE AEF \ me has been allotted to read. this question paper. The question 15 minute til paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the Pap dates will read the question PAPET only and will not write any answer on the answer-book during this period. agra Bee ECONOMICS rea fratha at: 3 we apfirean a6 : 8 Time allowed : 3 hours Maximum Marks : 8 58/5/2/RR5SP/22 PL.General Instructions : i Read the following i following instructions carefully and follow the™ ©, compuleo!>: @ This i his question paper containa 34 questions. AH question? are co Gi) This question paper contains two sectio Shee 53 . Marre Economics os tion —B : Indian Economi Gti) “Tate paper conan BO heute Choce Questins ee aueeuo”® an _ question carries 1 mark. ‘ Each (iv) This paper contains 4 Short Answer Questions Type-l questions, Eat question carries 8 marks. Anawer these questions Go 10 80 word () This paper contains 6 Short Answer Question’ ‘Type question® a; | question carries 4 marks, Answer these question’ tn 80 to 100 words. (vi) This paper contains 4 Long Answer Type Quest | __ carries 6 marks, Answer these questions in 100 (vii) Attempt ail paris of a question together. ded (oiii) In addition 10 this, NOTE that a separate question has been provide for Visually Impaired candidates in liew of QUCSheT? having visual inputs, Map ete. Such questions are 10 be attempted by Visually Impaired candidates only. (ix) There is no overall choice in the quest choice has been provided in few questi such questions has to be attempted. 7, an internal ion paper. Howevel the choices tr ‘ons. Only one of SECTION-A (Macro Economics) funds from bank for purchasing a new house”. 1 t, identify the indicated function of money * “Mr. Sahotra borrowed From the above statemen' (B) Store of value (A) Medium of exchange (D) Standard of deferred payments (Q Unit of account initial deposits are % 4,000 crore and Reserve Ratio If in an economy the f total deposit created would be & crore. (RR) is 10%. The value o! (Fill up the blank with correct alternative.) 1 ay’ 4,000 @ 40,000 © 2,000 @) 20,000 56/5/2/RR5SP/22 pro.of India? Tdentify, which of the following is not considered as Norm) Resident 1 (A) An Indian citizen working in U.S.A, embassy lovated st Mica @)_An Indian officials working in Indian embassy in Chins (© An Indian diplomats visiting Canada for a summits (B) An Indian working in an American Company located im a period of more than 1 year. New York for Read the following statements carefully : 1 Statement 1 ; Ex-post savings and Ex-post investments ore equal st 4} levels of income, Seoteed We Unter tre eneaive dortond primey reer output is equal to ex-ante Aggregate Demand (AD). In the light of the given statements, choose the correct the following : (A) Statement 1 is true and Statement 2 is false. (B) Statement 1 is false and Statement 2 is true. (©) Both Statements 1 and 2 are true. (@) Both Statements 1 and 2 are false. alternative from In a hypothetical economy, if entire additional income is consumed, the value of investment multiplier would be (Fill up the blank with correct alternative.) (B) Zero (0) ©) Infinity @) (A) One (1) (C) Between zero (0) and one (1) From the given table, identify that level of income, where Average Propensity to Save (APS) becomes zero = (Choose the correct alternative.) 1 0 | 60 | 100 | 200 | 300 | 400 | 50 | 75 | 100 | 150 | 200 | 250 | Income (¥ crore) Consumption (@ crore) Alternatives : (A) 50 @ 100 (@ 200 ) 0 58/5/2/RR5SP/22 PTO.; 7 1 a What doos the shaded aren (ABFG), in the given Harare indicate Axis Pw Consumption 3 0 Income . Consumption > Income Tl. Saving = Zero (0) UL. Consumption < Income IV. Saving < Zero (0) Alternatives : (A) Tand I i Tene Ut (Ge Mandy (Q TandIV For Visually Impaired Candidates : Marginal Propensity to Save (MPS) is the slope of : : (Choose the correct alternative.) @) Cost function (A) Consumption function () Investment (©) Saving function The measurement of Balance of Payments deficit is based on (Fill up the blank with correct alternative.) (B) Accommodating @) Capital account transactions. (A) Autonomous (C) Current account vi From the following, identify the correct reasons that may affect the supply of foreign exchange in an economy : Purchase of land in England by an Indian Il. Foreign tourists visiting Taj Mahal II, Donation of $ 500 million from Microsoft IV. Indian students going to Australia for studies Alternatives : (A) Land II (B) TandIv © Ti and Il (D) land Tv 58/5/2/RR5SP/22 - P.T.O.10. Ifin ay i in no} i of ¢ 200 crore Geonomy the Balance of ‘Trade ia showing « deficit Pea ould be and the value rt ul of import is % value of exP0? : port is % 900 crore, then the val Fitornatwve) (Q 700 yA aT (@) Calculate Net Value Added at Factor Cost (NVAyc data ; S.No. | Particulars @ | Fixed capital goods (expected life span — 5 years) 0 ) from the following ‘Amount (in € laleh) 15 crore, : ad fA) 200 (Fill up the blank with cor « Domestic Sales Change in stock ©)10 | Gv) | Exports 10 (v) __| Single use producer goods 120 a (vi) | Net indirect taxes 20 OR 2 (b) From the following data, estimate the value of Net Indirect Taxes ; gees ser fo. Particulars ‘Amount (in crore) | @ [Net National Product at 1,400 Market Price (NNPatp) (i) | Net Factor Income from ©20 abroad g a Gi)_| Gross National Product at 1,300 Factor Cost (GNP so) Gv) __| Consumption of fixed capital 100 12. Define with suitable examples, autonomous transactions and accommodating transactions in the Balance of Payments of an economy. “With an objective to reduce inflation, government may reduce 13. @) @ public Expenditure.” Discuss the rationale behind such a step which may be taken by the Government. 8 (ii) Define Effective Demand Principle, OR (b) () State the meaning of ‘unintended accumulation of inventories’ “In an economy, Aggregate Demand (AD) is more than Gi) Aggregate Supply (AS).” Elaborate the possible impacts of the same, on the level of output, income and employment, © © 58/5/2/RR5SPI22 RTO. 3jeulate ee economy is in equilibrium, From the following data, ealeula @ Ge in economy ts income (Y) = & 10,000 erore 2 Marginal Propensity to Save (MPS) = 0.2 Gil) Autonomous Consumption (6) =< 100 crore “Open Market Operation by the Reserve Bank of India (RBD helps 1» regulating money supply in the economy.” iy Justify the given statement, (@) @) Distinguish between Revenue Receipts and Capital ReesiPts of the government, with suitable example. (i) “Under the Production Linked Incentive’ Government of India offers various. benefits import-oxport duties, incentives to investors, tax-reb: identify and explain the Budget scheme, the Tike reduced ates ete.” In the light of above statement, objective and its likely consequences. 3 OR () @ “Under ‘Zero Defect Zero Effect’ (ZED) scheme, the government of India provides up to 80% subsidy to Micro, Small and Medium Enterprises (MSMEs).” Identify and:explain the objective of government budget, highlighted in the above text. 3 Gi) Distinguish between Tax Revenue and Non-tax Revenue, with suitable examples. 3 (a) As per The Economic Times report, dated April 11, 2028 “Bllectric Vehicle sales cross 10 Lakh mark in: financial year 2022-28." ‘Analyse the likely impacts of this news on Gross Domestic Product (GDP) and Welfare. iz (b) Discuss briefly, the circular flow of income in a two sector economy 3 model. ) 58/5/2/RRGSP/22 LanSECTION -B (ndian Economie Development) nization 08 © 8. After independence, the rationale behind choosing Mode Planning objectives for the Indian economy were I. _ To bring positive changes in the social outlook Tl, Equitable distribution of income HI. Technological Upgradation TV. Increase in Economic Divide Alternatives : (A) TandIt (© Tanai @® Wand ) TandIV Study the following picture : as Identify the kind of activities, which may be envisaged under diversification activity. 1 ill up the blank with correct alternative.) Alternatives : (A) Animal Husbandry (B) Fisheries (@D) Organic farming (©) Horticulture For Visually Impaired Candidates: farming is a system that is helpful in restoring, maintaining and 1 enhancing the ecological balance. (Choose the correct alternative to fill in the blank.) (A) Multi layered (B) Chemical (C) Organic @) Conventional ) ) 58/5/2/RR5SP/22 PTO.| a] | | : shoowe the 20, Read the fotlowing statements : Amsertion (A) and Reanon (BR): Cheore 1 ee Alternative from those given below ! jol-base during ertion (A): India could not develop a sound Industrial ba the British rule. Reason (R): —Britishers followed restrictive trade 0! strengthened Indian handicraft industries. Alternatives: is the (A) Both Assertion (A) and Reason (R) are true and Reason (BR) i 4 correct explanation of Assertion (A). @®) Both Assertion (A) and Reason (R) are true, correct explanation of Assertion (A). (©) Assertion (A) is true, but Reason (R) is false. (D) Assertion (A) is false, but Reason (R) is true. 21. From the events given in Column-I and facts given in China, choose the correct pair: Column ~1 Column =U (a) | Structural transformation | @)_| Limited Urbanisation | ) | Great leap forward campaign | (ii) | Reduced global demand L for Chinese products (©) | Less stress of usage on (ii) | Low density of population (2 Slowdown in GDP, since 2014 | (iv) | Aimed at massive but Reason (R) is not the Column-II about industrialisation Alternatives : A @-@ @) &)-@ (Q- (@) - Gi) @) @-@ Read the following statements carefully : Statement 1 : China has used Market system mechanism without loosing political commitment. to create additional social and economic opportunities. Statement 2 : India, Pakistan and China have similar physical endowments but totally different Political systems, A Statement 1 is true and Statement 2 is falag, (B) Statement 1 is false and Statement 2 is true. (C) Both Statements 1 and 2 are true. (D) Both Statements 1 and 2 are false, 58/5/2/RR5SP/22 PTO.I 23, apie and also Read the following atatements o: Statement 1+ Casual Reoae ks: ‘hod on a permanent 0 Ket social security benefits. Statement 2 : Workfores comprises, both employed and person, i Tn the Light of ths given etatementa, choose the correct sive’ 7? Fete the following : (A) Statement 1 is true and Statement 2 is false, (B) Statement 1 is false and Statement 2 is true— (©) Both Statements 1 and 2 are true. (D) Both Statements 1 and 2 are false. unemployed indicator may be defined as the measure of the extent of demographic participation in Social and Political decision making in a Country. ae (Fill up the blank with correct alternative.) (A) Economic (Health (©) Demographic (D) Liberty a Introduction of Economic Reforms in Pakistan took place in yeay ———~ £ (Fill up the blank with correct alternative.) (A) 1978 (B) 1980 (©, 1988 @) 1991 ‘The scheme of ‘Micro Finance’ is extended through credit provision. (Fill up the blank with correct alternative.) (B) Land Development Banks (A) Self help groups ) Commercial Banks (C) Regional Rural Banks Read the following statements carefully Statement 1: Outsourcing is one of the important outcome of globalization process. Staternent 2: Owing to globalization, many Indian companies have expanded their operation abroad. In the light of the given statements, choose the correct alternative from the following : (A) Statement 1 is true and Statement 2 is false, (B) Statement 1 is false and Statement 2 is true. (©) Both statement 1 and 2 are true, (D) Both statement 1 and 2 are false. PTO. 58/5/2/RR5SPI22| 3 28. Discuss the nead for ‘On-the-job training’ for an employee. val e. British 29. (a) “Opening up of Suez Canal helped in eatablishing, th monopoly control over India’s foreign trade”. Justify the given statement with valid arguments: OR 4 colonial (©) “Development of Railways during British rule encourage 3 exploitation of the Indian resource: Justify the given statement with valid arguments. ‘annual Growth of From the given data, Compare and analyse the i Population and Sex Ratio of China and Pakistan, with valid reasons * Demographic Indicators, 2017-18 = Country] Estimated | Annual |Population| Sex Fortility| Urbanisation Population | Growth of| Density | Ratio| Rate (in million) |Population| (per sq. km) India_| 1952 108 ge | ora | 22 en Chinese De 0.46 Tagen 59 | Pakistan 212 2.05 275, 943 3.6 37 nd Gross Domestic 3 41) (a) Study the following chart of Employment # Steud cet tween 1990-2012. Product. Analyse the trend of the two variables be Growth of Employment and Gross Domestic Product, 1951-2012 (%) 112 Toi. user Tonia0" 088-71 1074.77 190-9 19540 199092 TaN ie tnb a9 IRN GDP _-# Employment For Visually Impaired Candidates : Explain why are regular salaried employees more in urban areas 3 than in rural areas. (b) Define Worker — Population Ratio. 1 © 58/5/2/RR6SP/22| (52) (a) ci) “Infrastructural development is an ensenstiol © the full potential of the rural aector in. India”. - Justify the given statement with valid arguments, Gi) State the meaning of ‘Human Development’. OR (b) “In a nation like India, self em: avenue for employment generation.” Defend or refute the given statement wit] jement to obtain ployment provides an important h valid arguments. Read the following text carefully : India has aimed to reduce the country’s car 45% by 2080, To achieve this ‘Green finance’ plays @ vital initial stages, green finance needs a big push from the governii Indian government has identified projects worth © 25,000 crore be financed hy proceeds from Sovereign Green Bonds. (According to the framework approved by finance ministry, the sovereign green bonds will focus on financing public projects including renewable energy, climate change, clean transportation, sustainable water and waste management and pollution control. Businesses that take green finance can get benefit in various ways. It can help them follow different environmental norms and regulations and thus avoid possible fines. (’Adopting ‘sustainable developmental practices enhances brand yalue of businesses. Customers tend to prefer brands that adopt clear sustainable development practices) (The energy-efficient and éther sustainable development practices promoted by green finance also often help in saving cost, boosting profitability of businesses ete) — ‘The Economic Times, April 22, 2023 (Modified) On the basis of given text and common understanding, answer the bon intensity by approximately J. role, At the ent. The that will following questions : (a) Define sustainable development. (b) State the public project arens, where Sovereign Green Bond are focussed. 2 2 4 (c) How can businesses get benefit from green finance ? 58/5/2/RR5SP/22 Page 21 PTO.lid arguments * te the following statement with val n encouraged the growl impediment.” le of Reserve Bank of 3 ih of domestic 34. (a) Defend or refu (@ —*The policy of protectionism industries, but at the same time proved t0 bean (i), “New Economie Policy 1991 altered the rol India (RBD in the economy.” oR changes that were observed in India’s occupational (») @ Explain the structure during the British rule. s “Navratan Policy of the government has hi the performance of Public Sector ‘Undertakings in India” gree with the given statement 9 Justify your answer 8 elped in improving (ii) Do you a: with valid arguments.