Commerce (English Medium)
Arts (English Medium)
Academic Year: 2023-2024
Date & Time: 18th March 2024, 10:30 am
Duration: 3h
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General Instructions:
Read the following instructions carefully and follow them:
- This question paper contains 34 questions. All questions are compulsory.
- This question paper contains two sections:
Section - A: Macro Economics
Section - B: Indian Economic Development - This paper contains 20 Multiple Choice Questions type questions. Each question carries 1 mark.
- This paper contains 4 Short Answer Questions Type-I questions. Each question carries 3 marks. Answer these questions in 60 to 80 words.
- This paper contains 6 Short Answer Questions Type-II questions. Each question carries 4 marks. Answer these questions in 80 to 100 words.
- This paper contains 4 Long Answer Type Questions. Each question carries 6 marks. Answer these questions in 100 to 150 words.
- Attempt all parts of a question together.
- In addition to this, NOTE that a separate question has been provided for Visually Impaired candidates in lieu of questions having visual inputs, Map ete. Such questions are to be attempted by Visually Impaired candidates only.
- There is no overall choice in the question paper. However, an internal choice has been provided in few questions. Only one of the choices in such questions has to be attempted.
The measurement of Balance of Payments deficit is based on ______ transactions.
Autonomous
Accommodating
Current account
Capital account
Chapter:
Identify, what does the shaded area (ΔEFG), in the given figure indicate?
- Consumption > Income
- Saving = Zero (0)
- Consumption < Income
- Saving < Zero (0)
I and II
II and III
III and IV
I and IV
Chapter:
From the following, identify the correct reasons that my affect the supply of foreign exchange in an economy:
- Purchase of land in England by an Indian
- Foreign tourists visiting Taj Mahal
- Donation of $ 500 million from Microsoft
- Indian students going to Australia for studies
I and II
II and IV
II and III
I and IV
Chapter:
From the given table, identify that level of income where Average Propensity to Save (APS) becomes Zero.
| Income (₹ crore) | 0 | 50 | 100 | 200 | 300 | 400 |
| Consumption (₹ crore) | 50 | 75 | 100 | 150 | 200 | 250 |
50
100
200
0
Chapter:
If in an economy the initial deposits ₹ 4,000 crore and Reserve Ratio (RR) is 10%. The value of total deposit created would be ₹ ______ crore.
4,000
40,000
2,000
20,000
Chapter:
"Mr. Sahotra borrowed funds from bank for purchasing a new house".
From the above statement, identify the indicated function of money:
Medium of exchange
Store of value
Unit of account
Standard of deferred payments
Chapter:
If in an economy the Balance of Trade is showing a deficit of ₹ 200 crore and the value of import is ₹ 900 crore, then the value of exports would be ₹ ______ crore.
200
1100
700
900
Chapter:
In a hypothetical economy, if entire additional income is consumed, the value of investment multiplier would be ______.
One (1)
Zero (0)
Between zero (0) and one (1)
Infinity (∞)
Chapter:
Identify, which of the following is not considered as 'Normal Resident' of India?
An Indian citizen working in U.S.A. embassy located at New Delhi.
An Indian officials working in Indian embassy in China.
An Indian diplomats visiting Canada for a summit.
An Indian working in an American Company located in New York for a period of more than 1 year.
Chapter:
Statement 1: Ex-post savings and Ex-post investments are equal at all level of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to ex-ante Aggregate Demand (AD).
In the light of the given statements, choose the correct alternative from the following:
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both Statements 1 and 2 are true.
Both Statements 1 and 2 are false.
Chapter:
"Trade Deficit must exist if a country is facing situation of Current Account Deficit (CAD)."
Defend or refute the above mentioned statement with valid arguments.
Chapter:
Calculate Net Value Added at Factor Cost (NVAFC) from the following data:
| S. No. | Particulars | Amount (in ₹ Lakh) |
| (i) | Fixed capital goods (expected life span - 5 years) |
15 |
| (ii) | Domestic Sales | 220 |
| (iii) | Change in stock | (−) 10 |
| (iv) | Exports | 10 |
| (v) | Single use producer goods | 100 |
| (vi) | Net indirect taxes | 20 |
Chapter:
From the following data, estimate the value of net indirect taxes:
| S. No. | Particulars | Amount (in ₹ crore) |
| (i) | Net National Product at Market Price (NNPMP) | 1,400 |
| (ii) | Net Factor Income from abroad | (−) 10 |
| (iii) | Gross National Product at Factor Cost (GNPFC) | 1,300 |
| (iv) | Consumption of fixed capital | 80 |
Chapter:
From the following data, calculate investment multiplier and equilibrium level income in the economy.
- Change in initial investment (ΔI) = ₹ 1,000 crore
- Marginal Propensity to Save (MPS) = 0.5
- Autonomous consumption (`barc`) = ₹ 50 crore
- Planned investment = ₹ 100 crore
Chapter:
"Open Market Operation by the Reserve Bank of India (RBI) helps in regulating money supply in the economy." Justify the given statement.
Chapter:
"With an objective to reduce inflation, government may reduce public Expenditure."
Discuss the rationale behind such a step which may be taken by the Government.
Chapter:
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State the meaning of 'unintended accumulation of investories'.
Chapter:
"In an economy, Aggregate Demand (AD) is more than Aggregate Supply (AS)."
Elaborate the possible impacts of the same, on the level of output, income and employment.
Chapter:
With suitable examples, distinguish between Direct taxes and Indirect taxes.
Chapter: [0.05] Government Budget and the Economy
Responding to the Prime Minister's ‘Give it up campaign’ a large number of Indian families have voluntarily surrendered their cooking gas subsidy.
Identify and explain the objective behind this action taken by the Government of India.
Chapter:
Distinguish between revenue receipts and capital receipts in a government budget. Give example in each case.
Chapter: [0.05] Government Budget and the Economy
"Under 'Zero defect, Zero Effect' (ZED) scheme, the government of India provides up to 80% subsidy to Mini, Small and Medium Enterprises (MSMEs)."
Identify and explain the objective of the government budget, highlighted in the above text.
Chapter:
As per the Economic Times report, dated April 11, 2023
"Electric Vehicle sales cross 10 Lakh mark in financial year 2022-23."
Analyse the likely impacts of this news on Gross Domestic Product (GDP) and Welfare.
Chapter:
Discuss briefly, the circular flow of income in a two sector economy model.
Chapter:
Statement 1: China has used Market system mechanism without loosing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan and China have similar physical endowments but totally different Political systems.
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both statement 1 and 2 are true.
Both statement 1 and 2 are false.
Chapter:
Statement 1: Casual workers are hired on a permanent basis and also get social security benefits.
Statement 2: Workforce comprises, both employed and unemployed person.
In the light of the given statements, choose the correct alternative from the following:
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both statement 1 and 2 are true.
Both statement 1 and 2 are false.
Chapter:
______ indicator may be defined as the measure of the extent of demographic participation in Social and Political decision making in a Country.
Economic
Health
Demographic
Liberty
Chapter:
The scheme of 'Micro Finance' is extended through ______ credit provision.
Self help groups
Land Development Banks
Regional Rural Banks
Commercial Banks
Chapter:
The introduction of Economic Reform in Pakistan took place in year ______.
1978
1980
1988
1991
Chapter: [0.1] Comparative Development Experiences of India and Its Neighbours
Statement 1: Outsourcing is one of the important outcome of globalization process.
Statement 2: Owing to globalization, many Indian companies have expanded their operation abroad.
In the light of the given statements, choose the correct alternative from the following:
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both statement 1 and 2 are true.
Both statement 1 and 2 are false.
Chapter:
Study the following picture:
Identify the kind of activities, which may be envisaged under ______ as diversification activity.
Animal Husbandry
Fisheries
Horticulture
Organic farming
Chapter:
After independence, the rationale behind choosing Modernization as a planning objectives for the Indian economy were ______.
- To bring positive changes in the social outlook
- Equitable distribution of income
- Technological Upgradation
- Increase in Economic Divide
I and II
II and III
I and III
I and IV
Chapter:
From the events given in Column-I and facts given in Column-II about China, choose the correct pair:
| Column-I | Column-II | ||
| (a) | Structural transformation | (i) | Limited Urbanisation |
| (b) | Great leap forward camp | (ii) | Reduced global demand for Chinese products. |
| (c) | Less stress of usage on natural resources | (iii) | Low density of population |
| (d) | Slowdown in GDP, since 2014 | (iv) | Aimed at massive industrialisation |
(a) - (i)
(b) - (ii)
(c) - (iii)
(d) - (iv)
Chapter:
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Assertion (A): India could not develop a sound Industrial-base during the British rule.
Reason (R): Britishers followed restrictive trade policies, which strengthened Indian handicraft industries.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true, but Reason (R) is false.
Assertion (A) is false, but Reason (R) is true.
Chapter:
Explain the role of quality education in human capital formation in a country.
Chapter:
"Opening up of Suez Canal helped in establishing the British monopoly control over India's foreign trade".
Justify the given statement with valid arguments.
Chapter:
"Development of Railways during British rule encouraged colonial exploitation of the Indian resources."
Justify the given statement with valid arguments.
Chapter:
From the given data compare and analyse the Population Density and Fertility Rate of China and Pakistan, with valid reasons:
| Demographic Indicators, 2017-18 |
||||||
| Country | Estimated Population (in million) |
Annual Growth of Population | Population Density (Per sq. km) |
Sex Ratio | Fertility Rate | Urbanisation |
| India | 1352 | 1.03 | 455 | 924 | 2.2 | 34 |
| China | 1393 | 0.46 | 148 | 949 | 1.7 | 59 |
| Pakistan | 212 | 2.05 | 275 | 943 | 3.6 | 37 |
Chapter:
Study the following chart of employment and gross domestic product. Analyse the trend of the two variable between 1990-2012.
Chapter:
"Infrastructural development is an essential element to obtain the full potential of the rural sector in India."
Justify the given statement with valid arguments.
Chapter:
"In a nation like India, self employment provides an important avenue for employment generation."
Defend or refute the given statement with valid arguments.
Chapter:
"Direct and active participation of state was considered essential in Industrial development process in period 1950-1990."
Justify the given statement with valid explanation.
Chapter:
"New Economic Policy 1991 altered the role of Reserve Bank of India (RBI) in the economy."
Justify the given statement with valid explanation.
Chapter:
Explain the changes that were observed in India’s occupational structure during the British rule.
Chapter:
“Navratan Policy of the government has helped in improving the performance of public sector undertakings in India.”
Do you agree with the given statement? Justify your answer with valid arguments.
Chapter:
Read the following text carefully:
|
India has aimed to reduce the country’s carbon intensity by approximately 45% by 2030. To achieve this ‘Green finance’ plays a vital role. At the initial stages, green finance needs a big push from the government. The Indian government has identified projects worth ¥ 25,000 crore that will be financed by proceeds from Sovereign Green Bonds. According to the framework approved by finance ministry, the sovereign green bonds will focus on financing public projects including renewable energy, climate change, clean transportation, sustainable water and waste management and pollution control. Businesses that take green finance can get benefit in various ways. It can help them follow different environmental norms and regulations and thus avoid possible fines. Adopting sustainable developmental practices enhances brand value of businesses. Customers tend to prefer brands that adopt clear sustainable development practices. The energy-efficient and other sustainable development practices promoted by green finance also often help in saving cost, boosting profitability of businesses etc. |
On the basis of given text and common understanding, answer the following questions:
- Define sustainable development. [1]
- State the public project areas, where Sovereign Green Bond are focussed. [2]
- How can businesses get benefit from green finance? [3]
Chapter:
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