CBSE 12 Economics Question Paper-2024 Set-1

Read the following statements carefully: Statement 1: If in an economy the level of income increases (AY), it will always proportionately increase the level of consumption (AC). Statement 2: Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS) are always equal to each other. In the light of the given statements, choose the correct alternative from the following:

Identify the correct equation from the following:

Read the following statements - Assertion (A) and Reason (R). Choose the correct alternative given below: Assertion (A): Full employment situation refers to absence of involuntary unemployment. Reason (R): Under full employment situation, all the willing and able bodied people get employment at the prevailing wage rate.

According to the data of National Stock Exchange (NSE) of 9th June 2023, there was a net sale of ₹309 crores by Foreign Institutional Investors (FII) during a period of one month, i.e., 9th May 2023 - 9th June 2023. The above transaction will be recorded on the __ side of the __ Account in India's Balance of Payments.

Identify the incorrect feature(s) of money supply (M1) from the following: (i) It is measured at a point of time. (ii) It does not include stock of money held by the government. (iii) It is always the currency in the hands of the Central Bank of a nation. Alternatives:

Total consumption expenditure by households under Keynesian Economics is a combination of _ and _. (Choose the correct alternative to fill in the blanks)

Identify the correct option from the following statements: Statement 1: The rise of Pakistan's Gross Domestic Product (GDP) during 2013-17 was mainly driven by the service sector. Statement 2: China's growth performance in the early decades was better than that of India. Statement 3: Due to the 'Great Proletarian Cultural Revolution' of 1966-76, China's economic growth was setback.

Which of the following is an example of an infrastructural resource of a country?

The economic reforms introduced in 1991 led to the introduction of a new paradigm in the Indian economy. Which of the following is not a component of this paradigm?

Which of the following describes the situation when people are employed but work for less than their potential?

Which of the following is an example of a transfer payment in the context of national income accounting?

The 'Green Revolution' in India was a period of significant growth in agricultural production. Which of the following was a key feature of this revolution?

In the context of the Indian economy, which of the following is a direct tax?

Which of the following is not a function of the Reserve Bank of India (RBI)?

Which of the following is a key reason for the slow growth of the industrial sector in India during the post-independence period?