CBSE(NCERT) GRADE 12 ECONOMICS 2023 SET1

Read the following statements carefully : Statement 1 : Primary deposits are the cash deposits by general public with commercial banks. Statement 2 : Secondary deposits are those deposits which arise on account of credit provided by the commercial banks to the people. In light of the given statements, choose the correct alternative from the following :

(A) The difference between National Income at market price and National Income at factor cost is ________. (Choose the correct alternative to fill up the blank) OR (B) Identify which of the following represents only the real flow :

The difference between National Income at market price and National Income at factor cost is ________. (Choose the correct alternative to fill up the blank)

Identify which of the following represents only the real flow :

Read the following statements carefully : Statement 1 : Borrowings by a nation from the World Bank to finance Balance of Payment (BoP) deficit will be recorded in the capital account. Statement 2 : Autonomous transactions are independent of the condition of Balance of Payment (BoP) account. In light of the given statements, choose the correct alternative from the following :

Read the following news report carefully : Ltd. and Andaman and Nicobar State Cooperative Bank Ltd. for violation According to the given report, identify the function of the central bank.

If the value of investment multiplier = 4 and Dissavings = () 60, identify the correct Saving function from the following :

For the given Consumption function, $C = 205 + 0\cdot9Y$, the value of investment multiplier would be ___________. (Choose the correct alternative to fill up the blank)

Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative given below : Assertion (A) : Before reaching

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative given below: Assertion (A): Before reaching the Break-Even level of income, the value of Average Propensity to Consume (APC) is greater than one. Reason (R): The Average Propensity to Consume (APC) is the ratio of the total consumption and total income. Alternatives:

Identify which of the following equations is true. (Choose the correct alternative)

A situation in which an able bodied person is not willing to work at the existing wage rate, is referred to as _____________ situation. (Choose the correct alternative to fill up the blank)

(b) (i) From the following data, calculate the primary deficit.

(ii) Budget.

Read the following statements carefully: Statement 1: Commercialization of agriculture under the British rule was responsible for frequent famines between 1875 and 1900. Statement 2: During British rule, India began to export food grains. In light of the given statements, choose the correct alternative from the following:

Read the following statements carefully: Statement 1: The purchase of food grains made by the Government on the Minimum Support Price (MSP) is maintained as buffer stock. Statement 2: Minimum Support Price safeguards the farmers against any sharp fall in farm product prices. In light of the given statements, choose the correct alternative from the following:

Identify the incorrect statement from the following:

Mini-hydel plants are good for the environment because:

Mini-hydel plants are good for the environment because: (i) they generate electricity only for local areas. (ii) they do not change the land use pattern. (iii) they rely on the perennial streams. (Choose the correct alternative)

The Great Leap Forward (GLF) campaign in China focused on _________. (Choose the correct alternative to fill up the blank)

India is not a member of which of the following regional / global economic groups ?

gramme launched by the Government is not an attempt to increase ___________ in India. (Choose the correct alternative to fill up the blank)

Identify the correct alternative with reference to the following statement : 76, Mao introduced this movement under which professionals and students were asked to work and learn from real life situations pr

Read the following statements carefully : Statement 1 : In both India and Pakistan, the service sector has been emerging as a major source of development. Statement 2 : Amongst the neighbours of India, China has the highest life expectancy rate. In light of the given statements, choose the correct alternative from the following :

(A) Workers who are on the permanent pay-roll of their employer are called ___________ workers. (Choose the correct alternative to fill up the blank) OR (B) Jobless growth leads to unemployment because __________ . (Choose the correct alternative to fill up the blank)

Workers who are on the permanent pay-roll of their employer are called ___________ workers. (Choose the correct alternative to fill up the blank)

Production of diverse varieties of crops rather than one specialized crop is called __________. (Choose the correct alternative to fill up the blank)

Jobless growth leads to unemployment because __________. (Choose the correct alternative to fill up the blank)

(a) State and elaborate whether the following statement is true or false, with valid arguments: In India, approximately 60% of the self-employed work force is under-employed.

Read the following text carefully: According to NITI Aayog, India has a technological advantage to facilitate digital banks. There is a need for creating a regulatory framework for promoting this. NITI Aayog in its report, A Proposal for Licensing and Regulatory Regime for Digital Banks, has presented a roadmap for the country’s digital banking licensing and regulatory system. India’s public digital infrastructure, especially Unified Payments Interface (UPI), has successfully faced this challenge. With Aadhaar, India is at the cusp of operationalizing its own open banking framework. This demonstrates that India has the technology stock to fully facilitate digital banks. Digital banking allows a user to set up automatic payments for regular utility bills. Digital banking enables fund transfers to reduce the risk of counterfeit currency. By promoting a cashless society, digital banking restricts the circulation of black money. On the basis of the given text and common understanding, answer the following questions: (a) Which institution has been replaced by NITI Aayog in India? Who is the ex-officio Chairman of NITI Aayog? (b) State and discuss any two main advantages of digital banking.