3 SET-1] 8 HFG1E/: Fue sea aie a i ~ te & Series 1E/2 Bee Q.P. Code 58/2/1 » & aaa. veri yew aig et ser-yferor 3] 2 Roll No. yaya ara fer | oh & Candidates must write the QP. Code] x on the title page of the answer-book. | [35 i arg (aah) a ECONOMICS (Theory) 8 ® Pratt era: 3 aoe onfirerar 36 : 80 | 4) Time allowed : 3 hours Maximum Marks: 80 a) ei . SSIES pra ais ar a fe ga ero af os 31S 1 fo Boe recur Tafel a A aie Racer ste a alee ayer gE Ae fed ® Boe persis acl fe ca wea Had were | rs 2. geome arae rea ge ee a ued, agitate armies arava fd | geomet ah gh ae 15 ie rae fe ar | ere a ee ate 10.15 2 LW fara orem | 10.15 #8 2 10.30 33 am Vere are er—wa a aA oie ga HH Bsa tr ae afar a soe P| Ps 4) © Please check that this question paper contains $1 printed pages. & } @ Q.P. 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The (4) question paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 $% am. the candidates will read the question paper only and will not write 4! answer on the answer-book during this period. & a5 Bhs Ta ba 58/2/1 = ee P.T.O. feaera Fraat : ‘Prafefian Peet at aga araert & fee site star rer aire : 58/2/1 <25> (i) Bayer aa HoT 34 eI a | ret eR HPT & | (i) Tesea-aa aearst F fanfad 8 - ws ET | aus a: walt eT asa: aretha siete a raret (ii) Fae 19H ea- Um Te H 20 aehreoHT WET e | (iv) $4 WR4-99 F aaa aa) & 4 crg-aeHia WaR-1 & ver @ fats HH 60 4 80 weal # fee art amie | (ve) sa Nera aR-aR Her & 6 oI-THIH VER-LL % We & farws TH BO F100 reat H here art TRS | (vi) Brea Ao: aFast H 4 Gt —seia We H eT & Farr FR 100 F 150 Wet HF era art ape | (vii) sede veh ai art} sere ww ae fered ard TART | as -F (wef sretzrea) “2022-23 % anflas ame area aca 7 F 65,000 ats a fafa ces TAT aT |” FA san oft faftaar oft at aa & aa + softest & ate a aefiges fara aren &, wifeae men aca (ara Faenes ars ae) (a) etna, arated tat (ob) Tora, wafer tafe (©) deta, Garhi 4 aha @ ws, aheli a ae ‘Prefered seri abl ag - after (A) Sik A (R) | Ate fae ae farmed Ha ww Bet freer gi: afireert (A): Wa doer afer Foe eh @, Sa earre oftaal carta TAT & sift atch & | ‘were (R) : AAT eA 2H Hera gers Hsia S Prather ee & | ‘freed: (a) siftrarer (A) afk are (R) ete aca @ she sre (R), sired (A) FI BE eaTeAT al (bo) siftrasert (A) afk are (R) AT Bea & aie sre (R), serpent (A) FI Be oureAT waz (©) siftrarert (A) wea 2, afar are (R) sree | (@) aafireer (A) staea @, Sift SAT (R) Bea? |General Instructions : Read the following instructions carefully and follow them : () This question paper contains 34 questions. All questions are compulsory. (ii) This question paper contains two sections, section-A and B. Section - A: Macro Economics Section - B: Indian Economic Development (iii) This paper contains 20 Multiple Choice Questions type questions of I mark each. (iv) This paper contains 4 Short Answer Questions type-I questions of 3 marks each to be answered in 60 to 80 words. (v) This paper contains 6 Short Answer Questions type-II questions of 4 marks each to be answered in 80 to 100 words. (vi) This paper contains 4 Long Answer type Questions of 6 marks each to be answered in 100 to 150 words. (vii) Attempt all parts of a question together. Section - A (Macro Economics) 1, “In the Annual Budget 2022-23, the Government of India set up disinvestment targets of € 65,000 crore” Such proceeds from disinvestment can be classified as receipts in the Government Budget as it leads to of the Government. (Choose the correct alternative) 1 (a) capital, decrease in assets (b) revenue, increase in assets (© capital, increase in liabilities (d)_ revenue, decrease in liabilities 2. Read the following statements — Assertion (A) and Reason (R). Choose one of the correct alternatives given below 1 Assertion (A) : The Balance of Payments is in surplus, if autonomous receipts are greater than autonomous payments Reason (R) : Autonomous transactions are determined by the difference in the Balance of Payments. Alternatives : (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 and Reason (R) is not the correct explanation of Assertion (A). (©) Assertion (A) is true, but Reason (R) is false. (d) Assertion (A) is false, but Reason (R) is true. 58/2/1 ee fae3. Prafeted seri at cage are et: wert 1 Sha sash, ara a sae wera eater ah aaa 2 wer 2: aaa us falta ga a aoe, Hea gH a i gfe eee | fea y merit & sree 4, Prefers 4 8 adh fener ar shtfire : (a) Saal aearé ahha 2 waz | (b) Fer 1 seer sik eer 2 were © wis aiaaé) @ wrlsik2 ai aeaé! 4. @Al gnu sian, we seater, seh wen F arfirisae deci gre aA are fatter ar wept & ant ara cel oft | Sets eT fs — Qs ag rTgf & MA aren aT aie , cen arfirfSeres Seat arr a we ear eas I” SAH GAT AGT THAT HM AY TEATT HU TE Fane aI TT BE: @ ait Gi) arate en Gi) See ST aT Pree: (@) 7G) () 37 Gi) © @aGi) @ ~ @, @) 4 Gai) 22 3e, 2022 ay serfira siete fos aap ar We ferries & ara “qer: sad Ga aon a Ya fees Tested Fae F US$ 15.2 tafe ar afeate aie seer ata aes prada wart arse (ae Praed ar aa wt) (a) are, fee (b) are, Shae © Bh, Hie @) eh, fae 58/2/1 < > Esa [Eee3. Read the following statements carefully : 1 Statement 1 : The induced consumption shows, the direct relation between consumption and income. Statement 2 : With a certain increase in income, induced consumption also increases. In the light of the given statements, choose the correct alternative from the following : (a) Statement 1 is true and Statement 2 is false. (b) Statement 1 is false and Statement 2 is true. (© Both Statements 1 and 2 are true. (@ Both Statements 1 and 2 are false. 4, Ms. Iqra Ansari, a teacher, was explaining in her class about various types of deposits with the commercial banks. She quoted that — “These deposits form a part of M1 measure of money supply and are payable on demand by the commercial banks.” Identify the type of deposits she was explaining about and choose the correct alternative : 1 () Demand Deposits (i) Time Deposits (iii) Post Office Deposits Alternatives : (a) Only @) (b) Only Gi) © @and Gi) (@) @, Gi) and Giii) 5. As per the Reserve Bank of India (RBI) press report, dated 22 June, 2022 : 1 “Net Foreign Portfolio Investment (FPI) recorded an outflow of US$15.2 billion mainly from the equity market.” ‘The above transaction will be recorded in the__ account on_ side of Balance of payments account of India. (Choose the correct alternative) (a) current, credit () current, debit (©) capital, credit (d@) capital, debit 58/2/1 ee fae6. (A) frafefad seri ar anys rer ai : wert 1: daa ote] garg fet fartia ad & cher arora & avi Aa arr pet rar ae, at if aeqe a Bersih 3s meme aT Apa wT Ba a eat a1 eM 2: ST Pa Waa Wea Bf (GVA p), Tea SHIT H seg AT & saftraa & aera eet @ 1 fen y merit & arreite 4, freaferftad 8 eet fares apr ra hhare - (a) Sar 1 aera seme 2 aT !a | (>) SH 1 aed 8 sik Her 2 we’ | © PA sk2 eas! @) S44 1s 2 ahi rade | aera (B) ae eee Rea ae KB a D arr ead 1a ware & sean Al Gea at __ se reerareersi) xateiat ie Ne — _— a iS > were Sar —D feraea (a) areas vare (b) “ies ware (© eH are @) wiasae 7. ar affine Ph, feet areahie seloraear & fare Preafefiand artes svete & : a ad 2020 (@ wits H) | 2021 (wis a) ict — ea wal I Praia 1,000 1,100 ge nal ar are 800 850 ag 20204 20214 am ageet__— IS G__Z (we farmed aor er a) (a) 200, #7 (b) 200, #4 aT (© 50, ag7RT @ 50, #4 ET 58/2/1 < > Esa [Eee(A) Read the following statements carefully : Statement 1 : Gross Domestic Product (GDP) is the sum total of the gross market value of all the final goods and services added by all the sectors in the economy during a fiscal year. Statement 2 : Gross Value Added at Market Price (GVAypp) is equal to the exe In the light of the given statements, choose the correct alternative from the following (a) Statement 1 is true and Statement 2 is false. (b) Statement 1 is false and Statement 2 is true. ss of value of output over intermediate consumption. (© Both Statements 1 and 2 are true @_ Both Statements 1 and 2 are false. OR (B) On the basis of the figure given below, identify the type of flow indicated by B and D : (Choose the correct alternative) A Spending NN Goode and S we Tirms [Households] 7 Factor Payments © ~~ Eactor Sorviens 57 Alternatives : (a) Real flow (6) Money flow (© Nominal flow (@ National flow 7. Assuming that, the following data is given for an imaginary economy : —— Year | 2020 (% in Cr.) | 2021 (@ in Cr.) Items Exports of visbles 1,000 1,100 Imports of visibles 800 350 ‘The balance of Trade from 2020 to 2021 by? crore. (Choose the correct alternative) (a) increased, 200 (b) decreased, 200 (©) increased, 50 @ decreased, 50 58/2/1 ee fae 18, odors 3 gfaa ara aa eat A ame & raed & fore, aH sane Sea Ame S wha a sister ae a oT ae | @ denser giomic Gi) apa era Gi) ora far fared : @ we ) Gi) © 7 Gi) @ @aGi) 9. (A) Prefefiad seri #1 99 - aiftreer (A) aft rr (R) | Ae fag Te feed 4a cH a fewer gi: caftreer (A) : 3 WH EK Break Even level) %, stad sain wafer (APC) 14 et Bra 8 | erm (R) : aa SHIM vafa (APC) wen ailaa aaa Wafa (APS) #1 art aa word} sam eat 8 ‘Prexa: (a) sefte (A) aft are (R) SHI aes & sie sre (R), safes (A) A El caren? | (>) affirrers (A) sit are (R) SHI aoa & sik wre (R), safirwe (A) AI TET STE Fe | (co) aifrmers (A) ae 2, Afaa are (R) sre | (a) sifrqers (A) sta 2, APA er (R) aT? | aot (B) __ #4 ain & aa eR @ defile em 2, ot fH sefeasen F defer aa srafé ara qu Rear sn aaa 2 | (at faenes ara, fom cara Ht af we) @ =rastin (b) ward ai © sftrtin (@) weratr 58/2/1 < > Esa [Eee8, In order to tackle the problem of rising general price level in an economy, government may come up with a surplus budget to achieve the budget objective of ___ 1 (i) reallocation of resources Gi) price stability (ii) redistribution of income Alternatives : (@) @only ) Gi) only © Gi) only @ = @and Gi) 9. (A) Read the following statements — sertion (A) and Reason (R). Choose one of the correct alternatives given below 1 Assertion (A) : At the break-even level of income, the value of Average Propensity to Consume (APC) is zero. Reason (R) : Sum of Average Propensity to Consume (APC) and Average Propensity to Save (APS) is always equal to one. Alternatives : (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). () Both Assertion (A) and Reason (R) aro 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. oR s to that level of Aggregate Demand, which can be met by B) re the corresponding supply in the economy. (ill up the blank with correct alternative) 1 (a) Autonomous Consumption (b) Effective Demand (©) Excess Demand (@ Deficient Demand 58/2/1 <9> ee fae10, (A) anda aera, ada ford dm (RBI art wrt fae ara @ eT ae eerie ate @ aii gga far Gi) GHettes aera, fara yeaa & ate he Gil) ait se freed (a) 4A G) (b) 4H Gi) (c) TA ii) @ @aG) aaa (B) seferaea a sige Afr er Pate ace 2 (wel fered ar, fer tare Ft aft aE) (a) afore, de (bo) sterhgia agra © sia aa (@) Satta wep 11. we areas areforcean & Preafefiaa siferdi & orem we, wes era we IS ete Teme (NDP gc) At RTE = cS id ven @ wits @ | year svi eae 2,000 Gi) erat sifery Sasi a 1,500 Gi) | war etteperet fot ator 1,000 (vy) | Rist geste 300 ) frat 700 Wi) | Yaar a 350 (vii) | area 200 (will) | aria ser 250 58/2/1 <10 >10. (A) In the Indian economy, are issued by the Reserve Bank of India and acts as legal tender money. 1 (@) Coins of all denomination (i) Currency notes of various denominations, cept one rupee note (ii) Demand deposits Alternatives : (@) Only @) &) Only Gi) (©) Only (iii) (da) @) and (ii) OR (B) ____ formulates the Monetary Policy in the economy. (Fill up the blank with correct alternative) 1 (@) Commercial Banks (b) International Monetary Fund (© Central Bank (@ Central Government 11, On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost (NDP yc) : 3 Amount S.No. Items in crore) @ Household Consumption Expenditure 2,000 Gi) _ | Government Final Consumption Expenditure 1,500 (ii) | Gross Domestic Fixed Capital Formation 1,000 (iv) | Net additions to stock 300 w) Exports 700 (vi) Net Indirect Taxes 350 (vii) | Imports 200 (viii) _ | Consumption of Fixed Capital 250 58/2/1 ee P.T.O. fae. (a) “WA (Plexible) faa q woreh & stots, atta Se feet aa a A ees wera 2" | area eet grr faq me wer ar sitfarca fang at | at (>) Pret ue Prats oe ae aa yeawre % wera ah care se | wafiifea deat grr ara gore 1 afer aa aims etch &, stat siPrare ate apr ahr sires ST TA BT TAT BI” We eres qu HI aera a fire wi, Fe fear er aT? | . (a) “te selene 9 Peifira aay win Pretfira ea gf & sift & 1” searet, 3a a ToT eae Te Sa are ge MUTT AI caves HE | aor ) we Heats aeferaen & fore, ae ard gu fe ants sat vafs (MPC) 4 75% 3 90% Fale Be, sar rae Fe 1,000 Hig wr ahaa aT e | Bae are Fl aero ar wie wea Be, ania seni waft (MPC) Fukada serene ara fh gf AT aE | 5. SHITE SETA ERT, erat eh og seeseT AT A sie Bre ae | a) G) Reh ag weg a Sart ath &, st wear Harem Bh, yeg awa Tt ‘Searg & sega H anitet dt a sare & 1” er army feu a se O eH € 7 THA Tee awe A ary are g | Gi) Sage scree gH, ifs aeqail a neared aeqail J aint exw wt | Herat ) @ AR Heres sqeer & sat a, aches wwe ate sere a ai aa tte seg oie ere wt | Gi) WHA “ares Pare’ ar aiel fer | 58/2/1 <2 > omic [Eee12. (a) “Under the flexible exchange rate system, the Central Bank does not intervene in the foreign exchange market. Justify the statement, giving valid arguments. 3 OR () Explain the impact of home currency depreciation on the exports of a nation. 3 13. “The process of eredit creation by commercial banks comes to an end when the total of required reserves become equal to the initial deposits. With the help of a numerical example, prove that the given statement is true. 4 14. (a) “In an economy ex-ante Aggregate Demand is more than ex-ante Aggregate Supply.” Explain its impact on the level of output, income and employment. 4 oR (») For a hypothetical economy, assuming there is an increase in the Marginal Propensity to Consume (MPC) from 75% to 90% and change in investment to be % 1,000 crore. 4 Using the concept of investment multiplier, calculate the increase in income due to change in Marginal Propensity to Consume (MPC). 15. With suitable examples, distinguish between Direct taxes and Indirect taxes, 4 16. (a) (i) “Many goods and services which may contribute to welfare, but are not included in estimating Gross Domestic Product (GDP). Do you agree with the given statement ? Give valid reason in support of your answer. 3 (i) With suitable examples, distinguish between final goods and intermediate goods. 3 oR (b) (i) Using a suitable numerical example, distinguish between Real Gross Domestic Product (GDP) and Nominal Gross Domestic Product (GDP). 4 Gi) State the meaning of ‘normal resident’ of a country. 2 58/2/1 <3 > ee P.T.O. fae17. Frafefan ta ar er sere at | sad Ten as a orn H fee 1a we aT wRE: 30 fara 2022 = aria Rise dap 3 cera ell are Ta ae A gly Ae Tes AA afi (MPC) Afra 50 tee (ae en =r to] A af 2 1 ea ato SHIA, TH eK 5.9% TER, Tale IT WH 8.35% % SA ACTH whe! error ft sera & aren attri aes atte gem Aan ate 1 tH ae A afe RO STA SAAT BT aT Sa eT SI TET | ar gafee @ waifH, A at RBI Vt ag ?, fat & fare hata Se a srereifera aa Sa eT SI AAT? | afeormeaey, ti aH gfe A wed & fru ds ge ar ata gfe wea Ea mes, tet 8 son aa é | ten salem der 2 wife, de GaT sae + a aa eT am 88, Tam te TT a ree wT a ors aT? | Ya x F 0.50% Ft gfe aa san SF are & fre aT ser ati soe SAT | wear of 2, ff ada a gar & fee dt a are EMI (Equated Monthly Instalments) 4 ff gf@ @ Sef | Source : https://www.businessstandard,com/articleleconomicpolicy/rbi-monetary-policy- repo-rate-up-by-50hps-here-s-how-it-will-impact-you-122093000267 (Bdited) (a) Wier arafeniia at (b) retested de Fi aie fa aff (MPC) ar are BAH aa fare Te ota I seer wt | © “Saige seorren it gn shite ar ganar ae & fore ate aife afata art ‘seein Ron ar aren wee Hee HEHE |” feu are eer ar afiftrea Pera at | 58/2/1 Gsm [Eee17. Read the following text carefully. Answer the given questions on the basis of the same and common understanding : On 30% September 2022, the Reserve Bank of India (RBI) raised Repo Rate for the fourth time in a row. The Monetary Policy Committee (MPC) decided to raise the policy rate by 50 basis points 1 (1 basis point = 795" ofa pereent] After this announcement, the new repo rate stands at 5.9%, while the reverse repo rate continues to stand at 3.35%. Commercial banks borrow money from the Central Bank, when there is a shortage of funds. With the surge in the repo rate, borrowings by general public will become costlier. This is because, as RBI hikes its repo rate, it becomes costly for the banks to borrow short term funds from the Central Bank As a result, the banks hike the rates at which customers borrow money from them to compensate for the hike in the repo rate. This happens because banks offer loans to retail consumers at an interest rate which is generally, directly proportional to the repo rate The increase of 0.50 pereent in repo rate will lead to a higher interest rates on loans for borrowers, implying that the Equated Monthly Instalments (EMIs) for repaying the existing loans will also increase. Source: _ https:/vww.businossstandard,com/articleleconomicpolicy/rbi-monetary- policy-repo-rate-up-by-50bps-here-s-how-it-will-impact-vou- 122093000267 (Edited) (a) Define ‘Repo Rate’ 1 (>) Outline the recent change made by the Monetary Policy Committee of Reserve Bank of India in the repo rate. 1 (c) “Increase in repo rate is an important tool used by Monetary Policy Committee to combat the situation of inflation in the Economy Justify the given statement. 4 58/2/1 <5 > ee P.T.O.weg (andra sefereen an fara) 18. staftafirs ees era & ah fest cao & ded a frefatan fa ate a ee aT weit? (wel fret a aa =) (a) RE TS SAT Te SBT STAT HAT IST | (>) eq Serres Hy sfeteterreres feet apr grers Fa eT | (© fea ana & fata a arara 1 Gafteaice Paar ware TET aT | @) aR wrefies sere ser Pata 3 aan sale Seqail Ser STENTS A TAT ATT | 19. (A) ___ ww 2 vem, frall gard a dan senfta aeqall A ar i Pet a anh afafattrat afters ect @ | (aét Praes arn, fom ears Ht afd ae) (a) anion fase Bhi fata ( aaa ad @ Ffifrr art ®) we vecrpt aftey fie wore & eo FH oar @ sik ged aiken warfare Ba 8 | (wei faraed ar, fem ears Fr yf aE) (a) ag (NABARD) () wae aE (o) aifiiere a @) afr fra ta 20. (A) freafefad seria 4g — sifireer (A) itt ere (R) | ara faq ae famed Ta oH adl fener gt: afraid (A) : arta pit ar ara Hf etfs et Bh 2, Tati geht SarsiT oma fara Ge? | ‘aera (R) = HFG SH aay Bret | freer (a) aiftrmers (A) ait ere (R) eH ger & Sit wreT (R), saftrweT (A) A Tet eae 2 | (b) atftremer (A) oi IT (R) SHI Gea @ GK GIT (R), HET (A) FI TET aren wae | (©) aifirmert (A) ara 2, afaea Bre (R) SAI z | (a) atftreper (A) Hard, cA BAT (R) AT? | sere 58/2/1 <6 >Section-B (Indian Economic Development) 18. Which of the following is NOT true about foreign trade during the colonial rule? (Choose the correct alternative) 1 (a) India suffered from large trade deficit. (b) Restrictive policies of commodity production, were followed. (©) Britain maintained a monopoly control over India’s exports and imports. (@ India became an exporter of primary products and an importer of finished consumer goods 19. (A) is a process, which includes all the activities from sowing till sale of the final produce in the market. (Fill up the blank with correct alternative) 1 (a) Rural Development (b) Agricultural Diversification (© Organic Farming (@ Agricultural Marketing oR B) have emerged as an important micro finance system and led to women empowerment. (Fill up the blank with correct alternative) 1 (a) NABARD () Self-Help Groups () Commercial Banks (@ Land Development Banks 20. (A) Read the following statements — Assertion(A) and Reason (R). Choose one of the correct alternatives given below : 1 Assertion (A) : Human capital is not traded in the market; however its services are traded, Reason (R) : Human capital is intangible in nature. Alternatives : (a) 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. OR 58/2/1 ee P.T.O. fae(B) Aft oh a at Seat Pah desi aA rere 8; Safa area fh Poh 3 area wea are sh era aa & (adi ferent ar, Pees ear aft aft at) (a) aes (b) annie © wera @ a 21. Preafetad seri ar erage seer ze : mer 1: oa ead fae feet cara, chara sufi gue Fy Rata Hat | wer 2: fear ar ob 2 f&, sea F anil quit ft sear 3 wht oni aahaat et ara ar fer 8 | Reeser & ance 8, Prafataa a a ad freer ara aif : @) BA Laat awe 2 Tae (b) He 1 race 8 ik Her 2 wer? | © RAlake diag @ wr 13k 2a wae 22, Prerferftaa #8 an ceaftie arifer at wa cH wat oT? (adi fares ar art at) @) prerh ari ata | (>) qua tative seme & gee af | (©) wea afer & gene a Fata a fe | (@) oof dat F afeensil eraser | 58/2/1 <8 >(B) Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as benefits. (Fill up the blank with correct alternative) 1 (@) profitable () social (© fiseal (@) monetary 21. Read the following statements carefully : 1 Statement 1 : China introduced structural economic reforms on its own, without any pressure Statement 2 : Scholars argue that in India, the economic reforms process led to the worsening of all the economic indicators. In the light of the given statements, choose the correct alternatives from the following (a) Statement 1 is true and Statement 2 is false. (b) Statement 1 is false and Statement 2 is true. (© Both Statements 1 and 2 are true (@) Both Statements 1 and 2 are false. 22. Which of the following was NOT the benefit accruing from ‘Golden Revolution’ ? (Choose the correct alternative) 1 (a) Increase in the income of the farmers. (b) Increase in production of milk and related products, (© Increase in production and exports of fruits and vegetables (@) Employment for women in rural areas. 58/2/1 <19 > ee P.T.O. fae23. sien —1 9 feu me wens % Se @ Hien - I feu ne deified ai Fa area gm aT wa aet: wie —1 wie — 11 A. | are a tera Ft ges @ 1850 B, | TISCO a Frm Gi), 1807 C, | area wert snftrance Serre Gai) 1881 D. | aa ae args (iv) 1869 ‘fread: (@) A-@ ) B-Gi @ C-Gii) @) D-@y) 24. (A) H9 19584 shi gpara i, freer seza a8 ta Tae ar steefacT eer aT | (at faces ara, fom a A af BE) (a) Hem aderaaiepfees wif — (b) aie anita: Bat At area () safe gant ft gest @) Feet ered afta aaa @) annie 3 tonite Pola af 4 ctecifies uefa at ata wae saa wri orl een? | (ai farmer are, fom ears Fr yf at), (a) arta faepre aerate ) eas (©) ania Facer @) Priam agai 25. we sehoraen 3 aa dart & fondo ft a dant S gaa Ht ae a am ate @, a vale ‘aarfera ear? | (ae farmer a, fom ear a aft we) (a) wearer art b) ate sragier errata art © aria aaa ar (a) seh ated aaa arr 58/2/1 < 20 > Esa [Eee23. From the set of the events given in Column - I and the corresponding year in Column — II, choose the incorrect pair 1 Column - 1 Column - II A. | Introduction of railways in India | (i) 1850 B. | Incorporation of TISCO Gi) 1807 C.] First Official Census of India Gi) 1881 D. | Opening of Suez Canal (iv) 1869 Alternatives : f@) A-@ (b) B-Gi) (® C-fiiy (@ D-Gv) 24, (A) China initiated in 1958, that aimed at industrializing the country on a massive scale. (Fill up the blank with correct alternative) 1 (a) The Great Proletarian Cultural Revolution (b) Setting up of Special Economic Zones (© Introduction of Economie Reforms (a) The Great Leap Forward Campaign OR acts as a measure of ‘the extent of democratic participation in social and political decision-making. ®) (Fill up the blank with correct alternative) 1 (a) Human Development Index (b) Liberty Indicator (© Economic Growth (@) Poverty Index 25. In an economy, when the rate of resource extraction is lower than the rate of regeneration of the resource, the environment may operate 1 Fill up the blank with correct alternative) (a) within its carrying capacity. (b)_ beyond its absorptive capacity. (©) beyond its carrying capacity. (d@) beyond its aesthetic capacity. 58/2/1 ee P.T.O.26. Prafefon sent or erage ser ze : wer 1 as, Wie aa, te aes agra eee ae are TER | aor 2: dis i 1970 & are & aia Fi i Fh a Cae Tere fe a en ay caret att arr a | feu re merit & srreite 4, frevferfird 4 8 wet fared aa aaa shifty: (a) Sea 1 aa é a He 2 TAT? | (be) Ber 1 sree ike Hera 2 were | © RA sik2 dias! @ #1 13ik2 eH wee | 27. Prafatad sisgi % sma aH Tiel seg (GDP %) A ates ofa aH aah T rea ert Wea aE : (a Parser a we a) wane ey serra A afta: afeg F (%). 1980 - 2017 aa 1980-90 | 2015 - 2017 wer 57 73 ie 10.3 68 UR 63 5.3 Source : Key Indicators for Asia and Pacific 2016, Asian Development Bank. Philippines : World Development Indicators 2018, freva: fa) 1980 % ears te con ced ataet Fly we ware war A ae eT | (b) 1980-2017 S sea nea aa & att et | () 2015-17 % dh ana 9 ae Ste] Sere (GDP) Fata ofa ar aya fe aT | (@) 2015-17 % dhe a a afer aot 9 af at 4 frase ar aga feat aT | 58/2/1 <2 > Gsm [Eee26. Read the following statements carefully : 1 Statement 1 ; Amongst India, China and Pakistan, China is the largest nation and has the highest population density. Statement 2 : One-child policy introduced in the late 1970s in China led to a considerable decline in the population growth rate, In the light of the given statements, choose the correct alternative from the following : (a) Stat (b) Statement 1 is false and Statement 2 is true. ent 1 is true and Statement 2 is false. (©) Both Statements 1 and 2 are true (d) Both Statements 1 and 2 are false. 27. On the basis of the data given below, identify the incorrect statement in terms of annual growth of GDP (%) : (Choose the correct alternative) 1 Annual Growth of Gross Domestic Product (%). 1980 - 2017 Country | 1980-90 | 2015-2017 India 5.7 73 China 68 Pakistan 6.3 5.3 Source : Key Indicators for Asia and Pacifie 2016. Asian Development Bank. Philippines : World Development Indicators 2018, Alternatives : (a) China was able to maintain near double-digit growth during the 1980s. (>) Pakistan was ahead of India during 1980 - 2017. (©) India experienced a rapid rise in Gross Domestic Product during 2015-17. (@) Both China and Pakistan experienced a decline in growth rate during 2015-17. 58/2/1 <3 > ee P.T.O. fae28, “Sitar oftada aT creme Pane ii aT Oa STH aA aarepitia at TEE I” oriad wer a fers & oncite F cata oh afar fiat a faves & fee fare at ore eal at | 29. (a) “emda, ara ear 3 Pie fafa mem a peat Ht ora er FH fen eden gare & sailaa wea & arreite Fit F fafaettone % Pei ft cst Ht carer at | wert (bo) crea fen a cares & Ba hacen a afaes ee sae I” ao a eure er & aes S 2 HH eR ae FETE | 30. aide orehca & opt dha eft sail & fase ot eit a aha oft at wt | 58/2/1 Be mh28. “Serious concerns over the climate change is taking over the attention of the world.” 3 In the light of the above statement and image, discuss any two strategies to tackle this global concern of Environmental degradation. 29. (a) “Recently the Government of India has taken numerous steps towards increasing the farmer's income through agricultural diversification.” 3 In light of the above statement, explain any two advantages of diversification in agriculture. OR (b) “Active Government intervention is essential in education and health sectors in India.” Do you agree with the given statement ? Give reasons in support of your answer. 3 30. Discuss any two merits and demerits of the Green Revolution in the agricultural sector in the Indian economy. 4 5872/1 ee P.T.O. fae31, frum atest aren: Some Selected Indicators of Human Development, 2017-2019 Team Tndia__|_ China| Pakistan Human Development Index (Valte) oeas | over oss7 ‘Rank (based on 11D) 130 a7 154 Life Expectancy at Birth (years) oo7 | 769 673 Mean years of Schooling (% aged 15 and above} 65 8.1 5.2 (Gross National Income per eapita (PPP USS) 6.681_| 16,087 5.005 Percentage of People living Below Poverty Line (National) | 21.9° LT 24.3" Infant Mortality Rate (per 1000 live births) 29.9 74 87.2 “Maternal Moriality Rate (per 1 lalch hirtha) 1a8 29 140 Topulation using at least basic Sanitation (6) 60 75 60. Poptilation using at least haste drinking ry 96 al Water Source (6) Percentage of Undernourished Children, 37.9 8.1 37.6 Note: * for the year 2011: for the years 2015. Soureea: Human Nevelopment Report 2019 and 2020. @Q a ra Benes eae es et Fea FE | Gi) 3M GF year re feet ww seas aoe Te aa a aie A Ger wt | 32. (a) “ard at afte (On the Job Training) % fear TaT aa seforren Fa fot ‘Fraior ar wap mecanel ere 8 1” feu re aera Ay arr arc grr gfe a | aaa (bo) “anette Frama #1 steenfea sort & fore Sites Get arr A aie 8, Tig geht are ge utr a" arlene & sacle Hates Set & fed ot anit a shat a re at | 33. (@) @) afte creen gaa A sere S| gach saat at fade wt | Gi) ‘onef fren ga ae & aria sha af¥ are orate aaara a gs TE, Weg SaAl Sina Sea YI otters aah & Tore aft fea we Reowoh at a aay gat ela Hey sre | | aaa 6) @ sera wenrs arta act, aaa aa A oS eT ‘rrara fea sire @ 1" er 3g aie eH ais Fe or wa § 2 aH ae & anda ae arr | Gi) “1990 % eum % aia Fura 3 aaa ae sere (GDP) A sf a toe or & Fea Ue cares ait ata Peat er 1” fata wt | 58/2/1 < 26 > Esa fe31. On the basis of the given data : Some Selected Indicators of Human Development, 2017-2019 Tem India| China | Pakistan Human Development Index (Value) cosas | over 0887 Rank (based on 11DI) 130 a7 154 Life Expectancy at Birth (years) 7 | 769 ora ‘Mean years of Schooling (% aged 15 and abovel 65 a1 52 ‘Gross National Income per capita (PPP USS) 6.681 | 16.057 5.005 Percentage of People living Below Poverty Line (National) | 21.9" | 1.7% 24.3" Infant Mortality Rate (per 1000 live births) 20.9 74 o7.2 Maternal Mortality Rate (per 1 laikh births) 138 29 140 Popnilation using at least hasic Sanitation (96) 60 75 60 Population using at least hasic drinking 33 96 ar Water Source (Ys) Percentage of Undernourished Children 37.9 81 37.6 Note: * for the year 2011; for the years 2015. Soureea: Human Development Report 2019 and 2020. @ Gi) 32. (a) ) 33. @) ) 58/2/1 Identify one income indicator and one health indicator, each. 2 Compare India and China on the basis of any one of the indicator identified above in part (j). 2 “Expenditure on On-the-job training is an important means of human capital formation in an economy.” Give valid reasons to justify the given statement, 4 OR “Organic Farming is the need of the hour to promote sustainable development but, has its own limitations.” 4 Elaborate any two advantages and limitations each of organic farming in the light of the above statement. () Define Worker Population Ratio, Diseuss its usefulness. 3 (i) ‘Mr. Rishi, after completing his education, has joined his family business but his marginal productivity is zero.’ Comment upon the employment status of Mr. Rishi. Give valid reasons in support of your answer. 3 OR () ‘Kavya works on her family farm and is neither paid in cash nor in the form of grains. Can she be categorized as a worker ? Give valid reasons in support of your answer. 3 Gi) “In the late 1990's India experienced a widening gap between the growth of GDP and employment generation’. Discuss. 3 <.27 > P.T.O.34, fefeattra x aot arrest ey qe seh ar re ew ATTA aT STATES | 1991 % “aif gurl” & siete wry fee me enfierant @ eee warts saat A area aft srfeten sAiferat wep Ofererfties anor apy Perfiea Paper er | garcia & cla ezrebt eh sree 6) Pepa orhfer @ anflas “feet arnt =a a gars & ars senrea a doer F ha af ort & sexa a Preheat | 1970 % wean 8 ae sipra fren en fe, ankle feted a ag Rent ft setter ware a gat 8 cen areata 43 srt ferare Taree ara S| gah wht see Fey 1980 % care & wre 8 He aH Satie Ba at Yesa HH | ‘eretttes, atta referee a etter Garg eae ST TAT HT ST TT POTTS @ tah hed A ahifere; Gi) area A ae; Gai) thi agreftfrenrd cara; (iv) ara Fea A eT; @) terete aera 4 firoae anf; & ero undia ariorsen ante daz} ee weaga ng aOR quae A wlan acer A go entrant a dearer Quel FYE Pra we @) Waite ae i aah, Gi) roma A af ae Pia; (ii) faFrra air woret sry | eaticaant ifs or ger seer ara nin & fara ot adoraen & chlanfe fasta va} sgeT aT aT | 58/2/1 <> Esa [Eee34, Read the following text carefully and answer the given questions on the basis of the same and common understanding ‘The stabilisation and structural adjustment measures, initiated under the 1991 “Economic Reforms” mark a watershed moment in India’s economic policies. For almost three decades since independence, India’s development strategy and economic policies were guided by the objectives of accelerating the growth of output and employment with social justice and equity. Ever since the 1970’s, it was realised that many of the regulations on economic activities have outlived their usefulness and were in fact hampering economic growth and development. In response to this, the government initiated some milder liberalisation reforms for almost a decade since the early 1980's. However, the Indian economy soon had to face the Gulf crisis and consequently : () The uncertainties about the oil price: Gi) The external payment problems; (ii) The serious inflationary pressures; (iv) ‘The scarcities of essential commodities; (¥) The deterioration of fiscal discipline, ete. ‘These led to the Indian economy on the verge of Economic crisis. In response to this emerging crisis, the Government initiated a set of stabilisation and structural reforms like () Reduction in fiscal deficit; Gi) Containment of growth in money supply; (ii) An exchange rate adjustment system ete. The key objective of stabilisation policy was to bring the growth of aggregate demand in line with long term growth path of the economy. 58/2/1 <2 > P.T.O.sseforaeen % sal wes gure & fre datas a H sees arto sa eae a: sees onda ar Gi) stata eran ai Fafa ae art if rae ar sera (iy Pra Faer wa oiemer ds tiatae fers ae pie wea fe | (eit ee eitfera) httpe://niti gov.in/planningcommission,gov.in/docs/reports/genrep/arep9099/at94- him (a) 1991 Gankls qui $1 yeaa & Peedi 2 erotl a data A taifa we I (>) Bean? ankle dae a ga we & fare enacaard a aes Gan Aa Fae a | Ira BEEN BT areas we gs Aa At mS gedit a Seva er sect ST | 58/2/1 <30 >fa) ) 58/2/1 In conjunction, the structural adjustment measures like; () industrial delicensing (i) liberalisation of policy regime governing international trade Gi) deregulation of financial sector Were taken to improve the supply side of the economy This shifted the long-term growth path of the economy itself completely. (Adapted and modified) Souree Jiniti gov in/planningcommission.gov.in/docs/reports/gent: 99/at9. 95.htm Briefly outline any two reasons for the initiation of Economic Reforms in 1991 Government introduced a set of stablisation and structural reforms to solve the economic crisis. State the key initiatives and objectives of these policies adopted by the Government of India. fae58/2/1 <3 >