CBSE 12 Economics Question Paper-2020 Set-2

What is the agent and adviser to the Government of India?

State whether the following statement is true or false: 'To reduce inflation, the Central Bank should reduce Cash Reserve Ratio (CRR).'

Define Aggregate Demand.

What is the GNP deflator?

A car purchased by a household is a ___.

Government expenditure incurred on defence items is a type of ___ expenditure in the Government Budget.

If the entire additional income of an economy is consumed, the value of investment multiplier will be ___.

State whether the following statement is true or false: 'Under a managed floating exchange rate system, the Government directly controls the exchange rate.'

‘Charity from Abroad’ will be recorded on ___ (credit/debit) side of the Balance of Payment accounts.

Give any two examples of non-tax revenue receipts.

‘Gross Domestic Product (GDP) is not the best indicator of the economic welfare of a country.’ Defend or refute the given statement with valid reasons.

Discuss the working of the adjustment mechanism if, Aggregate Demand (AD) is greater than Aggregate Supply (AS).

If the entire additional income of an economy is consumed, the value of the investment multiplier will be ___.

The GNP deflator is represented by which of the following formulae?

A car purchased by a household is a ___.

Government expenditure incurred on defense items is a type of ___ expenditure in the Government Budget.

In a hypothetical economy, if the income rises from 500 crores to 600 crores, and consumption rises from 400 crores to 500 crores, the marginal propensity to consume is ___.

State whether the following statement is true or false: 'Land ceiling means fixing the minimum limit of land holding for an individual.'

Which of the following organizations regulates the health sector in India?

Which of the following is an example of a commercial source of energy?

State whether the following statement is true or false: 'Proportion of people living below poverty line is more in India as compared to Pakistan.'

Which year did the Indian Government make education free and compulsory for children between 6 – 14 years?

Which of the following is not an advantage of organic farming?

State whether the following statement is true or false: 'Proportion of people living below poverty line is more in India as compared to Pakistan.'

Name any one Maharatna company.

Name the apex institution for rural financing in India.

State whether the following statement is true or false: 'The Central Bank directly controls the exchange rate under a managed floating exchange rate system.'

Which of the following is an example of a commercial source of energy?

State whether the following statement is true or false: 'Proportion of people living below the poverty line is more in India than in Pakistan.'

Which year did the Indian Government make education free and compulsory for children between 6 – 14 years?