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CBSE 12 Economics Question Paper-2023 Set-2
This mock test includes actual CBSE Class 12 Economics board exam questions from the year 2023 Set-2, helping students understand exam trends and practice real paper format
Duration
30 min
Questions
27
Marking
Negative
Questions Preview
Read the following statements carefully: Statement 1 The induced consumption shows, the direct relation between consumption and income. Statement 2: With a certain increase in income, induced consumption also increases. In the light of the given statements, choose the correct alternative from the following:
In the Annual Budget 2022-23, the Government of India set up disinvestment targets of 65,000 crore". Such proceeds from disinvestment can be classified as _ receipts in the Government Budget as it leads to _ of the Government.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): The Balance of Payments is in surplus, if autonomous receipts are greater than autonomous payments. Reason (R): Autonomous transactions are determined by the difference in the Balance of Payments.
As per the Reserve Bank of India (RBI) press report, dated 22nd June, 2022: "Net Foreign Portfolio Investment (FPI) recorded an outflow of US$15.2 billion mainly from the equity market." The above transaction will be recorded in the _ account on _ side of Balance of payments account of India.
Ms. Iqra Ansari, a teacher, was explaining in her class about various types of deposits with the commercial banks. She quoted that - "These deposits form a part of M1 measure of money supply and are payable on demand by the commercial banks." Identify the type of deposits she was explaining about and choose the correct alternative: (i) Demand Deposits (ii) Time Deposits (iii) Post Office Deposits
Read the following statements Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): At the break-even level of income, the value of Average Propensity to Consume (APC) is zero. Reason (R) Sum of Average Propensity to Consume (APC) and Average Propensity to Save (APS) is always equal to one.
____ refers to that level of Aggregate Demand, which can be met by the corresponding supply in the economy.
Read the following statements carefully: Statement 1: Gross Domestic Product (GDP) is the sum total of the gross market value of all the final goods and services added by all the sectors in the economy during a fiscal year. Statement 2: Gross Value Added at Market Price (GVAMP) is equal to the excess of value of output over intermediate consumption. In the light of the given statements, choose the correct alternative from the following:
On the basis of the figure given below, identify the type of flow indicated by B and D:
The balance of Trade from 2020 to 2021 _ by _ crore. (Choose the correct alternative) Exports of visibles 2020: 1000, 2021: 1100. Imports of visibles 2020: 800, 2021: 850.
In the Indian economy, ____ are issued by the Reserve Bank of India and acts as legal tender money. (i) Coins of all denomination (ii) Currency notes of various denominations, except one rupee note (iii) Demand deposits
____ formulates the Monetary Policy in the economy.
In order to tackle the problem of rising general price level in an economy, government may come up with a surplus budget to achieve the budget objective of ____. (i) reallocation of resources (ii) price stability (iii) redistribution of income
The balance of Trade from 2020 to 2021 _ by _ crore. (Choose the correct alternative) Exports of visibles 2020: 1000, 2021: 1100. Imports of visibles 2020: 800, 2021: 850.
In the Indian economy, ____ are issued by the Reserve Bank of India and acts as legal tender money. (i) Coins of all denomination (ii) Currency notes of various denominations, except one rupee note (iii) Demand deposits
____ formulates the Monetary Policy in the economy.
In order to tackle the problem of rising general price level in an economy, government may come up with a surplus budget to achieve the budget objective of ____. (i) reallocation of resources (ii) price stability (iii) redistribution of income
Read the following statements carefully: Statement 1 The induced consumption shows, the direct relation between consumption and income. Statement 2: With a certain increase in income, induced consumption also increases. In the light of the given statements, choose the correct alternative from the following:
In the Annual Budget 2022-23, the Government of India set up disinvestment targets of ₹ 65,000 crore". Such proceeds from disinvestment can be classified as _ receipts in the Government Budget as it leads to _ of the Government.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): The Balance of Payments is in surplus, if autonomous receipts are greater than autonomous payments. Reason (R): Autonomous transactions are determined by the difference in the Balance of Payments.
As per the Reserve Bank of India (RBI) press report, dated 22nd June, 2022: "Net Foreign Portfolio Investment (FPI) recorded an outflow of US$15.2 billion mainly from the equity market." The above transaction will be recorded in the _ account on _ side of Balance of payments account of India.
Ms. Iqra Ansari, a teacher, was explaining in her class about various types of deposits with the commercial banks. She quoted that - "These deposits form a part of M1 measure of money supply and are payable on demand by the commercial banks." Identify the type of deposits she was explaining about and choose the correct alternative: (i) Demand Deposits (ii) Time Deposits (iii) Post Office Deposits
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): At the break-even level of income, the value of Average Propensity to Consume (APC) is zero. Reason (R) Sum of Average Propensity to Consume (APC) and Average Propensity to Save (APS) is always equal to one.
____ refers to that level of Aggregate Demand, which can be met by the corresponding supply in the economy.
Read the following statements carefully: Statement 1: Gross Domestic Product (GDP) is the sum total of the gross market value of all the final goods and services added by all the sectors in the economy during a fiscal year. Statement 2: Gross Value Added at Market Price ($GVA_{MP}$) is equal to the excess of value of output over intermediate consumption. In the light of the given statements, choose the correct alternative from the following:
On the basis of the figure given below, identify the type of flow indicated by B and D:
The balance of Trade from 2020 to 2021 _ by _ crore. (Choose the correct alternative) Exports of visibles 2020: 1000, 2021: 1100. Imports of visibles 2020: 800, 2021: 850.