CBSE 12 Economics Question paper-2021 Term-1

The Government can achieve its budget objective of ‘Redistribution of Income’ by______

Balance of Payments of an economy records_______ for a fiscal year.

Identify which of the following bank does not interact directly with the general public.

Identify which of the following is not an example of ‘invisible item’ under Current Account of the Balance of Payments transactions:

Read the following statements carefully and choose the correct alternative from the following:
Statement 1 – Demonetization was the step taken by the Government of India in order to tackle the problems of corruption, black money, terrorism and circulation of fake currency in the Indian Economy.
Statement 2 – Demonetization has ensured improved tax compliance in India over the period of time.

Ms Sakshi, an economics teacher, was explaining the concept of ‘minimum percentage of the total deposits to be kept by any commercial bank with the Central Bank of the country, as per norms and statute prevailing in the country’.
From the following, choose the correct alternative which specifies towards the concept explained by her?

Two friends Mira and Sindhu were discussing the exchange rate systems. ‘Under this system, the exchange rates are determined by the market forces of demand and supply. However, deliberate efforts are made by the competent authority to keep the exchange rates within a specific range’. The above-mentioned statement was given by Sindhu, identify the type of exchange rate system was she talking about?

Read the following statements carefully and choose the correct alternative from the following:
Statement 1 – Public goods are those goods and services that are collectively consumed by the public.
Statement 2 – Public goods are excludable and rivalrous in nature.

Under the Balance of Payments structure of a nation, the two main categories of accounts for the classification of the transactions are and .

Identify which of the following is not a function of the Reserve Bank of India?

Industrial Policy Resolution (IPR) 1956 formed the basis of the___ Five Year Plan.

Occupational structure refers to_____

_______ is the portion of agricultural produce which is sold in the market by the farmers, after meeting their self-consumption requirements.

Read the following statements carefully and choose the correct alternatives given below:
Statement 1 – Poverty line in India is defined in terms of monetary value of the minimum nutritional (calorific) requirements of an individual in a day.
Statement 2 – The definition of poverty line in monetary terms has not changed over the years.

Read the following statements carefully and choose the correct alternatives given below:
Statement 1 – India is often called as the ‘outsourcing hub’ of the world.
Statement 2 – Availability of skilled manpower is one of the prime factors responsible for the status gained by India at the international platform.

Before the advent of Green Revolution in 1960’s, India was primarily dependent on ___ for the supply of food grains.

From the following given sets of statements in column I and II, choose the correct pair of statements.
Column I Column II
A Exports of goods and services i Excess of Exports of goods over the Imports of goods
B Trade Surplus ii An element of invisible items
C Current Transfers to rest of the world iii Recorded as a positive item in the BOP account
D Portfolio Investments iv Foreign Institutional Investors

National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/the___ body to coordinate the activities of all institutions involved in the rural financing system.

The Government of India has decided to vaccinate the adult population of India (with Covaxin/Covishield), without any charge. This would be categorized as ______

______ is not a reason for poverty in India.

In a hypothetical economy, Mr. Neeraj has deposited ₹100 in the bank. If it is assumed that there is no other currency circulation in the economy, then the total money supply in the economy will be ____

‘Since independence, India has witnessed a considerable fall in the Infant Mortality Rate in India’.
Identify which of the following may not be one of the reasons for the fall in the Infant Mortality Rate?

Read the following statements carefully and choose the correct alternatives given below:
Statement 1 – Subsidies do not add any burden on the financial health of a nation.
Statement 2 – Complete removal of subsidies may violate the aim of equitable distribution of income.

Prior to India's independence, the stagnation in the agricultural sector was mainly caused by ___.

Read the following statements - Assertion (A) and Reason (R):
Assertion (A) – Acquisition of a domestic (Indian) company by a foreign (Australian) company will be recorded on the credit side of Balance of Payment Account.
Reason(R) – It leads to outflow of foreign exchange from the domestic economy.
From the given alternatives choose the correct one:

Suppose in an economy, the initial deposits of ₹ 400 crores lead to the creation of total deposits worth ₹ 4000 crores. Under the given situation the value of reserve requirements would be__

Read the following statements - Assertion (A) and Reason (R):
Assertion (A) – Major policy initiatives (land reforms and Green Revolution) helped India to become self-sufficient in food grains production.
Reason (R) – The proportion of people depending on agriculture did not decline as expected after the Green Revolution.
From the given alternatives choose the correct one: