CBSE 12 Economics Question Paper-2024 Set-3

Inflationary gap in an economy may exist when __ at full employment level. (Choose the correct alternative to fill in the blank)

According to the Reserve Bank of India's (RBI's) Statistical Supplement released on 19th May, 2023: "India's foreign exchange reserves grew for the third straight week and reached near an approximate level of $600 billion." The above situation will _ the _ side of Balance of Payments account of India. (Choose the correct alternative to fill in the blanks)

Read the following statements carefully: Statement 1: Reserve ratio and Credit creation process are inversely related. Statement 2: Central Bank of an economy performs the vital function of controlling the credit creation process. In light of the given statements, choose the correct alternative from the following:

In order to discourage any fall in Aggregate Demand, the Government of India may _ the _. (Choose the correct alternative to fill in the blanks)

Choose the correct alternative to complete the given schedule:

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): Voluntarily unemployed people are those able bodied people who are not willing to work at the prevailing wage rate. Reason (R): There exists zero involuntary unemployment at full employment level of equilibrium.

Identify which of the following statements is incorrect with reference to an economy.

An economy is operating at a state of deficient demand. The Central Bank of the country takes steps to reduce the Cash Reserve Ratio (CRR). This will lead to __. (Choose the correct alternative)

Read the following statements carefully. Statement 1: All the countries across the globe have a uniform rate of growth. Statement 2: The distribution of income in a country is an indicator of its economic growth. In light of the given statements, choose the correct alternative from the following:

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): The major objective of planning in India was to achieve self-reliance. Reason (R): Self-reliance was essential to increase our dependence on imports of food grains.

Which of the following problems were faced by the farmers in India on the eve of independence?

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): In India, there has been a paradigm shift in the workforce from the primary sector to the secondary sector. Reason (R): Industrialization has led to the growth of industries across the country.

From the set of events given in Column I and the corresponding years in Column II, choose the correct pair:

Read the following statements carefully: Statement 1: In India, majority of the workforce is found in the formal sector. Statement 2: The formal sector workers get social security benefits. In light of the given statements, choose the correct alternative from the following:

Read the following statements carefully. Statement 1: The 'Great Leap Forward' campaign was initiated in China in 1958. Statement 2: The 'Great Proletarian Cultural Revolution' of China was initiated to give an impetus to agriculture. In light of the given statements, choose the correct alternative from the following:

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): India has a higher population density as compared to China. Reason (R): India has a smaller geographical area as compared to China.

Which of the following is an example of an informal sector loan?

In India, which of the following is the most significant source of employment for the rural population?

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): The problem of unemployment is a significant challenge in both urban and rural areas of India. Reason (R): The demand for labour is not sufficient to absorb the growing labour force.

Which of the following is a drawback of using biomass as a source of energy?

Read the following statements carefully. Statement 1: The 'Swachh Bharat Mission' aims to achieve a clean and open defecation-free India. Statement 2: 'Swachh Bharat Mission' is an initiative of the government to improve sanitation and hygiene.