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.
When does Net Factor Income from Abroad (NFIA) shows Negative Value?
Chapter: [0.02] National Income and Related Aggregates
State the meaning of retained earning.
Chapter: [0.02] National Income and Related Aggregates
Explain the precautions that should be taken while estimating national income by expenditure method.
Chapter: [0.02] National Income and Related Aggregates
Distinguish between Gross Domestic Product at Market Price and Net Domestic Product at Market Price.
Chapter: [0.02] National Income and Related Aggregates
'Excess demand creates greater opportunities of employment in the economy' Defend or refute the given statement with valid explanation.
Chapter: [0.04] Determination of Income and Employment
"In India women participation rate is lower in urban areas than in the rural areas." Explain with valid arguments.
Chapter: [0.09] Environment and Sustainable Development
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‘Investment in infrastructure contributes to the economic development of a country.’ Justify the given statement with a valid agrument.
Chapter: [0.08] Infrastructure
"Despite women participation in family farm activities, they are not categorised as workers". Explain why?
Chapter: [0.08] Infrastructure
Giving valid reasons, explain how the following would be treated while estimating National income:
- Payment of indirect taxes by a firm.
- Purchase of goods by foreign tourists.
Chapter: [0.02] National Income and Related Aggregates
Using the following information, calculate and analyse the value of Gross Domestic Product (GDP) deflator:
| Year | 2014-15 | 2016-17 |
| Nominal GDP | 6.5 | 9 |
| Real GDP | 6.5 | 7.2 |
Chapter: [0.02] National Income and Related Aggregates
Explain how the opportunity costs of negative environmental impact are high.
Chapter: [0.09] Environment and Sustainable Development
Explain briefly the problems faced by Great leap forward campaign.
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
Compare and analyse the Annual Growth rate of population of India and China.
| Country | Annual Growth rate of population (2015) |
| India | 1.2% |
| China | 0.5% |
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
If in an economy Bank rate is increased, how will it affect the demand for credit? Explain.
Chapter: [0.03] Money and Banking
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From the following data, calculate Net Value Added at Factor Cost (NVAFC):
| S. No. | Particulars | Amount in (₹ Crores) |
| (i) | Price per unit of output | 20 |
| (ii) | Output sold (units) | 1250 units |
| (iii) | Excise duty | 5,000 |
| (iv) | Consumption of fixed capital | 1,000 |
| (v) | Change in stock | (-) 500 |
| (vi) | Single use producer goods | 6,000 |
Chapter: [0.02] National Income and Related Aggregates
Why there is a need to make distinction between final and intermediate goods?
Chapter: [0.02] National Income and Related Aggregates
Discuss briefly the concept of 'Externalities', with suitable example.
Chapter: [0.02] National Income and Related Aggregates
Export are not a part of 'Net Factor Income from abroad'. Elaborate the reason behind the given statement.
Chapter: [0.02] National Income and Related Aggregates
Explain the role of legal reserve ratio and Bank rate in correcting inflationary gap in an economy.
Chapter: [0.03] Money and Banking
Read the following text carefully and answer question given below:
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The centre's PM Gati Shakti Scheme will give much needed push to infrastructure development and logistic across India. This scheme will drive the economic growth by giving boost to industries such as steel and cement. Greater connectivity is expected to improve economic opportunities for small farmers and small and medium enterprises through new roads, cargo terminals etc. The Gati Shakti Scheme features at the centre stage of Budget 2022-23, highlighting the importance of quality multi-modal transport in achieving overall cost competitiveness. Under Gati Shakti Scheme, the railways will develop new products and services targeted at small farmers and businesses to help them become a part of layer supply chain. (Source: The Economic Times, Feb., 2, 2022 (Modified) |
- State the meaning of infrastructure.
- Explain any two objectives of PM Gati Shakti Scheme.
Chapter: [0.01] Indian Economy on the Eve of Independence [0.08] Infrastructure
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