CBSE 12 Economics Question Paper-2023 Set-3

Read the following statements carefully: Statement 1: Savings function can be derived from Consumption function. Statement 2: Consumption curve must always start from the point of origin. In light of the given statements, choose the correct alternative from the following:

Keeping other factors constant, if the price of crude oil falls in the international market, it may lead to __. (Choose the correct alternative to fill up the blank)

Identify, which of the following is not a function of the Reserve Bank of India. (Choose the correct alternative)

Read the following statements carefully: Statement 1: Import of gold from Dubai will be recorded on the debit side of the current account in Balance of Payments of India. Statement 2: Outflow of Foreign Institutional Investment (FII) from Indian stock markets will be recorded on the credit side of the capital account. In light of the given statements, choose the correct alternative from the following:

Read the following statements carefully: Statement 1: Stock variables are measured at a point of time. Statement 2: Flow variables and stock variables are same. In light of the given statements, choose the correct alternative from the following:

Identify, flow variable from the following: (Choose the correct alternative)

If in an economy, the value of Investment Multiplier is 5 and dissavings are (-)100 crore, the relevant savings at income level of 1,400 crore would be ____ crore. (Choose the correct alternative to fill up the blank)

The range of value of Investment Multiplier is always between _ and _. (Choose the correct alternative to fill up the blanks)

If the Central Bank wants to decrease the money supply in the economy, it may undertake ____. (Choose the correct alternative to fill up the blank) (i) increase in Bank Rate (ii) decrease in Cash Reserve Ratio (iii) sale of securities in the open market (iv) purchase of securities in the open market

Identify which of the following is not a source of foreign exchange for India. (Choose the correct alternative)

In an economy, the value of Average Propensity to Save (APS) is 0.4. If the national income is 2,000 crore, the value of Autonomous Consumption would be ____ crore. (Choose the correct alternative to fill up the blank)

The consumption function of an economy is given as C = 100 + 0.8Y. The value of Investment Multiplier would be ____. (Choose the correct alternative to fill up the blank)

If the marginal propensity to consume is 0.8, the value of Marginal Propensity to Save (MPS) will be ____. (Choose the correct alternative to fill up the blank)

If marginal propensity to save is 0.5, then the value of marginal propensity to consume will be ____. (Choose the correct alternative to fill up the blank)

The ratio of total receipts and total payments on account of flow of goods, services, and unilateral transfers is known as ____. (Choose the correct alternative to fill up the blank)

If in an economy, the value of Marginal Propensity to Save (MPS) is 0.3 and the value of Autonomous Consumption is 200 crore, the relevant Consumption function would be ____. (Choose the correct alternative)

The planning commission of India was set up in ____. (Choose the correct alternative to fill up the blank)

____ is a measure of human poverty. (Choose the correct alternative to fill up the blank)

Read the following statements carefully: Statement 1: The 'Great Leap Forward' campaign of the People's Republic of China aimed at modernizing its economy. Statement 2: The 'Great Proletarian Cultural Revolution' of the People's Republic of China aimed at industrialization. In the light of the given statements, choose the correct alternative from the following:

As per the data of Census 2011, the percentage of rural population in India is approximately ____. (Choose the correct alternative to fill up the blank)

Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below: Assertion (A): In India, the casual wage workers are more vulnerable to poverty. Reason (R): Casual wage workers get paid on a daily basis and have no guarantee of getting work regularly. In the light of the given statements, choose the correct alternative from the following:

Pakistan has a better performance than India in case of ____. (Choose the correct alternative to fill up the blank)

Read the following statements carefully: Statement 1: The population of Pakistan is more than that of India. Statement 2: China is the most populous country in the world. In the light of the given statements, choose the correct alternative from the following:

The first five-year plan of India focused on ____.

Micro-finance is the provision of ____ services to the needy. (Choose the correct alternative to fill up the blank)

India, Pakistan, and China have similar strategies for their developmental path. Which of the following is an example of a similar strategy?