CBSE 12 Economics Question Paper-2024 Set-4

Identify the incorrect feature(s) of the Money Supply in an economy, from the following: (i) It is measured during a period of time. (ii) It includes stock of money held by the government of a nation. (iii) It always represents the currency held with Central Bank of the Nation.

Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below : Assertion (A): Real Gross Domestic Product is a better indicator of the economic growth of a nation as compared to Nominal Gross Domestic Product. Reason (R): Real Gross Domestic Product measures the value of goods and services at the prevailing prices of the current year.

Identify the level of income where Average Propensity to Save (APS) will be zero:

Read the following statements carefully. Statement 1: Consumption and Saving are the components of National Production of an economy. Statement 2: A high level of income often leads to low saving. In light of the given statements, choose the correct alternative from the following:

Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below : Assertion (A): Ceteris Paribus, Devaluation of domestic currency leads to an increase in National Income of a nation. Reason (R): Devaluation of domestic currency refers to reduction in the value of domestic currency with respect to foreign currency, under the fixed exchange rate system.

Arrange the following in the correct sequential order, if the government of a nation is trying to curtail the situation of inflationary gap:

In an economy, the Central Bank can increase money supply by _ the _. (Choose the correct alternative to fill in the blanks)

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:

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): 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.

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:

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.

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)

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

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.