Commerce (English Medium)
Arts (English Medium)
Academic Year: 2019-2020
Date & Time: 13th March 2020, 10:30 am
Duration: 3h
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General Instructions:
- The question paper comprises two Sections - A and B. All questions are compulsory.
- Question numbers 1 - 10 and 18 - 27 are very short-answer questions carrying 1 mark each. They are required to be answered in one word or one sentence each.
- Question numbers 11 - 12 and 28 - 29 are short-answer questions carrying 3 marks each. Answers to them should not normally exceed 60 - 80 words each.
- Question numbers 13 - 15 and 30 - 32 are also short-answer questions carrying 4 marks each. Answers to them should not normally exceed 80 - 100 words each.
- Question numbers 16 - 17 and 33 - 34 are long-answer questions carrying 6 marks each. Answers to them should not normally exceed 100 - 150 words each.
- Answer should be brief and to the point, also the above word limit should be adhered to as far as possible.
- There is no overall choice. However, an internal choice has been provided in 2 questions of one mark, 2 questions of three marks, 2 questions of four marks, and 2 questions of six marks. Only one of the choices in such questions has to be attempted.
- In addition to this, separate instructions are given with each section and question, wherever necessary.
If the value of Average Propensity to Save (APS) is 0.2 and National Income is ₹ 4,000 crores, then consumption will be ______.
₹ 4,000 crores
₹ 3,200 crores
₹ 3,800 crores
₹ 2,600 crores
Chapter:
Loans offered by commercial banks ______ the money supply in the economy.
Increase
Decrease
Chapter:
State whether the given statement is true or false:
‘Unexpected obsolescence is a component of depreciation.’
Chapter:
Two components of money supply are ______ and ______ .
Chapter:
The main aim of monetary policy is ______.
to bring price stability in the economy.
employment generation in the country.
to increase trade surplus.
to generate greater tax revenue.
Chapter:
The sum of factor payments is equal to ______.
Domestic Income
National Income
Per Capita Real Income
Per Capita Nominal Income.
Chapter:
₹ 2,000 note lying in the wallet of Rohini, a student, is an example of ______ variable.
Stock
Flow
Chapter:
State whether the given statement is true or false:
‘Expenditure on Ujjwala Yojana launched by the Government is an example of capital expenditure.’
Chapter:
Give any one example of ‘debt creating capital receipts’ in the Government Budget.
Chapter:
Calculate Net Value Added at Factor Cost (NVAFC) from the following data:
| S. No. | Particulars | Amount (in ₹ crores) |
| (i) | Value of Output | 800 |
| (ii) | Intermediate Consumption | 200 |
| (iii) | Indirect taxes | 30 |
| (iv) | Depreciation | 20 |
| (v) | Subsidies | 50 |
| (vi) | Purchase of machinery | 50 |
Chapter:
State the three components of Income from Property and Entrepreneurship.
Chapter:
“Management of a water polluting oil refinery says that it (oil refinery) ensures welfare through its contribution to Gross Domestic Product.”
Defend or refute the argument of management with respect to GDP as a welfare measure of the economy.
Chapter:
Discuss how effective demand can be restored if ex-ante saving is less than ex-ante investment.
Chapter:
Explain the ‘allocation of resources’ objective of Government budget.
Chapter:
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Discuss the function of the Central Bank as ‘Banker, Agent and Advisor’ to the Government.
Chapter:
Elaborate, how does a Central Bank stabilize money supply through ‘Bank Rate’.
Chapter:
Given the following information, state whether the economy is in equilibrium or not:
| S. No. | Particulars | Amount |
| (i) | Autonomous Consumption & Investment Expenditure `(barA)` | ₹ 700 crores |
| (ii) | Marginal Propensity to Consume (MPC) | 0.8 |
| (iii) | National Income | ₹ 4,000 crores |
Chapter:
Answer the following questions based on the figure given below:
- At which level of income will Average Propensity to Save (APS) be equal to zero & why?
- What does ‘OA’ signify with respect to the consumption function?
Chapter:
State, giving valid reasons, whether the following statement is true or false:
Trade deficit is always a great cause of worry for an economy.
Chapter:
State, giving valid reasons, whether the following statement is true or false:
Depreciation of currency has the same effect on exports as the devaluation of currency.
Chapter:
State, giving valid reasons, whether the following statement is true or false:
‘Indians investing in assets abroad’ will be recorded under the debit side of the capital account in the Balance of Payments.
Chapter:
Explain what can be the likely impact of depreciation of the home currency on imports to the country.
Chapter:
Distinguish between ‘Current Account Deficit’ and ‘Current Account Surplus’.
Chapter:
World Trade Organisation (WTO) was established in 1995, as a successor organisation to ______.
Chapter:
Great Proletarian Cultural Revolution was introduced under the leadership of ______.
Mao Zedong
J.L. Nehru
M.K Gandhi
M.A. Jinnab
Chapter:
______ policy followed in first seven five year plans of India, aimed at substituting imports with domestic production.
Chapter:
In the past few decades ______ sector has created maximum jobs opportunities in India.
primary
secondary
tertiary
Chapter:
The main aim of the Great Leap Forward (GLF) in China was to ensure a rapid increase of ______.
Agriculture
Industries
Services
Exports
Chapter:
Which of the following is not a benefit of organic farming?
Cheaper inputs
Attractive returns on investment
Greater import possibilities
Higher nutritional value
Chapter:
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State whether the following statement is true or false:
World Bank is also known as International Bank for Registration and Delimitation (IBRD).
Chapter:
Introduction of Economic Reforms in China took place in the year ______.
1978
1980
1988
1991
Chapter:
“Rapid increase in economic growth surely trickles down to the people under the absolutely poor category.”
Defend or refute the given statement with a valid argument.
Chapter:
“Human Capital Formation gives birth to innovation, invention, and technological improvements.”
Do you agree with the given statement? Support your answer with valid arguments.
Chapter:
Compare and analyse the given data of India & China, with valid reasons.
| Country | Annual Growth Rate of Population (2015) | Gender Ratio (Per thousand males) |
| India | 1.2% | 929 |
| China | 0.5% | 941 |
Source: World Development Indicators, 2015.
Chapter:
Highlight the salient features of India’s pre independence occupational structure.
Chapter: [1] Indian Economy on the Eve of Independence
Discuss briefly the rational behind adopting ‘Self reliance’ as a planning objective for the India Economy.
Chapter:
“Some economists believe that the economic reforms have adversely affected the agriculture sector in India.”
Do you agree with the given statement? Justify your answer with a valid reason.
Chapter:
State the names of six Indian Systems of Medicine (ISM) under the AYUSH scheme of the Government of India.
Chapter:
Name any two non-conventional sources of energy.
Chapter:
Discuss briefly any two strategies of sustainable development.
Chapter:
Define worker-population ratio.
Chapter: [6] Employment: Growth, Informalisation and Other Issues
What does the worker-population ratio signifies?
Chapter:
Analyse the trends in sectoral distribution of workforce in India on the basis of data:
| Trends in Employment Pattern (Sector−wise), 1972−2012 (in%) |
|||||
| Sector | 1972 − 73 | 1983 | 1993 − 94 | 1999 − 2000 | 2011 − 2012 |
| Primary | 74.3 | 68.6 | 64 | 60.4 | 48.9 |
| Secondary | 10.9 | 11.5 | 16 | 15.8 | 24.3 |
| Services | 14.8 | 16.9 | 20 | 23.8 | 26.8 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
Chapter:
“The Prime Minister urged to increase the rural income by increasing nonfarm activities.”
Explain how non-farm activities can lead to a rise in the income of people in the rural sector.
Chapter:
“The Indian health system needs an increased dose of public expenditure to cure itself.”
Defend or refute the given statement with valid arguments.
Chapter:
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