CBSE Class XII Economics Sample Question Paper 2024-25
Organisation : Central Board of Secondary Education (CBSE)
Class Name : 12th/HSC (Class XII)
Subject : Economics
Download : Sample Question Paper 2024-25
Website : https://cbseacademic.nic.in//SQP_CLASSXII_2024-25.html
CBSE Class XII Economics Sample Question Paper
Central Board of Secondary Education (CBSE) Class XII Economics Sample Question Paper 2024-25.
Section A-Macro Economics Marks:
1. Read the following statements: Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): The government can reduce the deflationary gap by purchasing government securities in the open market.
Reason (R): The Central Bank purchases government securities in the open market to increase the lending capacity of commercial banks.
Options:
A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
C. Assertion (A) is true, but Reason (R) is false.
D. Assertion (A) is false, but Reason (R) is true.
2. “The Cabinet led by Prime Minister has decided that the Central Government will provide free food grains to 81.35 crore (approx.) beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from 1st January, 2024.” Based on the aforesaid statement, identify the budgetary objective the government is trying to achieve and choose the correct option:
A. Reallocation of resources
B. Economic stability
C. Redistribution of income
D. Economic instability
3. To arrive at the value of Gross Value Added at Market Price (GVAMP) ______ must be added to Gross Value Added (GVA) at Basic Prices. (Choose the correct option to fill up the blank)
A. Product Taxes
B. Net Product Taxes
C. Production Taxes
D. Net Production Taxes
4, Under the _______ exchange rate system, market forces automatically adjust the surplus and deficit in the Balance of Payments account. (Choose the correct option to fill up the blank)
A. fixed
B. flexible
C. managed floating
D. dirty floatin
5. As per the data presented in the Union Budget 2023-24, the total receipts of the government other than borrowings and the total expenditure are estimated at ₹ 27.2 lakh crore and ₹ 45 lakh crore respectively. The value of the ________ deficit would be ₹ 17.8 lakh crore. (Choose the correct option to fill up the blank)
A. revenue
B. fiscal
C. budgetary
D. primary
6. Read the following statements carefully:
Statement 1: The maximum value of Marginal Propensity to Consume (MPC) can be unity.
Statement 2: As the income of an economy increases, the proportionate increase in the level of consumption is always more than the increase in the level of income.
In light of the given statements, choose the correct option from the following:
A. Statement 1 is true and Statement 2 is false.
B. Statement 1 is false and Statement 2 is true.
C. Both Statements 1 and 2 are true.
D. Both Statements 1 and 2 are false.
7. In a two-sector economy, Aggregate Demand can be determined by adding ______. (Choose the correct option to fill up the blank)
A. Autonomous Consumption, Induced Consumption and Induced Investment
B. Autonomous Consumption, Autonomous Investment and Induced Investment
C. Autonomous Consumption and Autonomous Investment
D. Autonomous Consumption, Induced Consumption and Autonomous Investment
9. Read the following statements carefully:
Statement 1: Foreign grants-in-aid receipts do not lead to any claim on the government.
Statement 2: Disposal of equity by the Public Sector Undertakings in the market may lead to a decrease in the assets of the government.
In light of the given statements, choose the correct option from the following:
A. Statement 1 is true and Statement 2 is false.
B. Statement 1 is false and Statement 2 is true.
C. Both Statements 1 and 2 are true.
D. Both Statements 1 and 2 are false.
10. (I) ‘Foreign Portfolio Investment (FPI) witnessed a sharp turnaround during 2023-24 with net FPI inflows of US$ 32.4 billion.’ In which sub-account and on which side of the Balance of Payments account the above transaction will be recorded? Give reasons in support of your answer.
(II) State the meaning of ‘Balance of Payments Deficit’.
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