Commerce (English Medium)
Arts (English Medium)
Academic Year: 2021-2022
Date & Time: 28th May 2022, 10:30 am
Duration: 2h
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General Instructions :
- This question paper contains 13 questions.
- All questions are compulsory. Marks are indicated against each question.
- This question paper contains 5 questions of 2 marks each, 5 questions of 3 marks each, and 3 questions of 5 marks each.
- 2 marks questions are Short Answer Type questions and are to be answered in 30-50 words.
- 3 marks questions are also Short Answer Type questions and are to be answered in 50-80 words.
- 5 marks questions are Long Answer Type questions and are to be answered in 80-120 words.
- There is no overall choice in the question paper. However, internal choice has been provided in few questions. The candidates need to attempt only one question from such questions.
- This question paper contains Case/Source Based Questions also.
Distinguish between Factor Income and Transfer Income.
Chapter: [0.02] National Income and Related Aggregates
Distinguish between Domestic Income and National Income.
Chapter: [0.02] National Income and Related Aggregates
"In an economy, the autonomous consumption is ₹ 100 and Marginal Propensity to Consume (MPC) is 0.6. If the equilibrium level of Income is 2,000, then the autonomous investment is ₹ 300." Justify the statement with valid calculation.
Chapter: [0.04] Determination of Income and Employment
An Economy is in equilibrium, calculate the Marginal Propensity to Save (MPS) from the following:
- National Income (Y) = ₹ 4,400
- Autonomous Consumption `bar("C")` = ₹ 1,000
- Investment Expenditure (I) = ₹ 70
Chapter: [0.04] Determination of Income and Employment
'Consumption function curve of an involuntary unemployed workers start from some positive level on Y-axis even at zero level of Income'. Justify the given statement.
Chapter: [0.04] Determination of Income and Employment
Distinguish between Factor Cost and Market Price.
Chapter: [0.02] National Income and Related Aggregates
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Distinguish between Factor Income and Transfer Income.
Chapter: [0.02] National Income and Related Aggregates
'Ram is able to get work only for two hours in a day. Rest of the day, he is looking for work.' Is he unemployed? What kind of job could person like Ram be doing?
Chapter: [0.04] Determination of Income and Employment [0.07] Employment: Growth, Informalisation and Other Issues
Ram is an owner of a salon. He is temporaily absent from work due to injury.
Can he be considered as worker? Explain.
Chapter: [0.07] Employment: Growth, Informalisation and Other Issues
How do infrastructure facilities boost production?
Chapter: [0.01] Indian Economy on the Eve of Independence [0.08] Infrastructure
"women’s health become a matter of great concern'. Defend or refute the given statement with valid argument."
Chapter: [0.08] Infrastructure
"The Government has raised the exemption limit for the payment of Income tax from ₹ 2 lakh to ₹ 2.5 lakh."
If the situation of deficient demand is prevailing in the economy, what will be the impact of this action taken by the government?
Chapter: [0.04] Determination of Income and Employment
Define liberty indicator.
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
Give some examples of liberty indicators.
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
State the importance of 'liberty indicator'.
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
What similar developmental strategies have India and Pakistan followed for their respective developmental paths?
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
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'Investment multiplier and Marginal Propensity to Consume are directly related to each other'. Explain with the help of numerical example.
Chapter: [0.04] Determination of Income and Employment
From the following data, calculate the value of operating surplus:
| S.No. | Items | Amount in (₹ crore) |
| (i) | Royalty | 10 |
|
(ii) |
Rent | 70 |
| (iii) | Interest | 25 |
| (iv) | Net domestic product at factor cost |
500 |
| (v) | Profit | 50 |
| (vi) | Dividends | 20 |
Chapter: [0.02] National Income and Related Aggregates
Distinguish between 'Fixed Investment' and 'Inventory Investment'.
Chapter: [0.02] National Income and Related Aggregates
From the following data, calculate the value of compensation of employees (COE):
| S.No. | Items | Amount in (₹ crore) |
| (i) | Old age pension | 2,000 |
| (ii) | Wages and salaries in cash |
60,000 |
| (iii) | Rent free accommodation to employees |
30,000 |
| (iv) | Employer's contribution to provident fund |
7,500 |
| (v) | Payment of life insurance premium by the employees |
2,500 |
| (vi) | Contribution to provident fund by employees |
35,000 |
Chapter: [0.02] National Income and Related Aggregates
Distinguish between stock and flow variables with suitable examples.
Chapter: [0.02] National Income and Related Aggregates
Read the following text carefully and answer the questions given below:
|
Green investment and sustainability are priorities in public policy. India has emerged as a global leader at the front of climate change. India has pledged to seek solutions for the future. Government schemes and policies such as Swachh Bharat Mission, Pradhan Mantri Awas Yojana, Smart Cities, and Deen Dayal Upadhyay Gram Jyoti Yojana among other, all contribute towards achieving sustainable development. The government has contributed to maintain economic growth by introducing and implementing various policies and measures relating to sustainable development, climate change, energy efficiency and air pollution. Pradhan Mantri Ujjwala Yojana Scheme, has actively contributed to cleaner air. It has resulted in drastic reduction of respiratory diseases and ultimately death as per a recent medical report. The Jal Jeevan Mission was launched with the objective of achieving water security. We have seen 68 percent decline in the size of population of various animal species and amphibian over the last 60 years. The issue of green house gases and rising temperature of the earth are a global concern. India is one of those countries that will be affected by the over 2 degree celsius rise in global temperature. 'India has already taken a lot of steps in the area of innovation and development of different production methodologies which are environmentally friendly in the long run'. |
- State and discuss any two steps involved in attaining sustainable development in India.
- From the given text, state any two factors which challenged the carrying capacity of the environment.
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
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