Economics
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CBSE Sample Paper Economics 2021-22 (Set 1)
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Question 1 of 50
1. Question
The Government can achieve its budget objective of ‘Redistribution of Income’ by____________.
Correct
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Question 2 of 50
2. Question
Balance of Payments of an economy records_____________ for a fiscal year.
Correct
Incorrect
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Question 3 of 50
3. Question
Identify which of the following bank does not interact directly with the general public?
Correct
Incorrect
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Question 4 of 50
4. Question
Identify which of the following is not an example of ‘invisible item’ under Current Account of the Balance of Payments transactions:
Correct
Incorrect
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Question 5 of 50
5. Question
Read the following statements carefully and choose the correct alternative from the following:
Statement 1 : Demonetization was the step taken by the Government of India in order to tackle the problems of corruption, black money, terrorism and circulation of fake currency in the Indian Economy.
Statement 2 : Demonetization has ensured improved tax compliance in India over the period of time.
Alternatives:Correct
Incorrect
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Question 6 of 50
6. Question
Ms. Sakshi, an economics teacher, was explaining the concept of ‘minimum percentage of the total deposits to be kept by any commercial bank with the Central Bank of the country, as per norms and statute prevailing in the country’.
From the following, choose the correct alternative which specifies towards the concept explained by her?Correct
Incorrect
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Question 7 of 50
7. Question
Two friends Mira and Sindhu were discussing the exchange rate systems.
‘Under this system, the exchange rates are determined by the market forces of demand and supply. However, deliberate efforts are made by the competent authority to keep the exchange rates within a specific range’.
The above-mentioned statement was given by Sindhu, identify the type of exchange rate system was she talking about?Correct
Incorrect
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Question 8 of 50
8. Question
Read the following statements carefully and choose the correct alternative from the following:
Statement 1 : Public goods are those goods and services that are collectively consumed by the
public.
Statement 2 : Public goods are excludable and rivalrous in nature.
Alternatives:Correct
Incorrect
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Question 9 of 50
9. Question
Under the Balance of Payments structure of a nation, the two main categories of accounts for the classification of the transactions are ________ and ________.
i. current account
ii. unilateral transfer account
iii. capital account
iv. loan accountIdentify the correct alternatives from the following:
Alternatives:Correct
Incorrect
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Question 10 of 50
10. Question
Identify which of the following is not a function of the Reserve Bank of India?
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Question 11 of 50
11. Question
Industrial Policy Resolution (IPR) 1956 formed the basis of the_________ Five Year Plan.
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Question 12 of 50
12. Question
Occupational structure refers to___________.
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Question 13 of 50
13. Question
____________ is the portion of agricultural produce which is sold in the market by the farmers, after meeting their self-consumption requirements.
Correct
Incorrect
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Question 14 of 50
14. Question
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 : Poverty line in India is defined in terms of monetary value of the minimum nutritional (calorific) requirements of an individual in a day.
Statement 2 : The definition of poverty line in monetary terms has not changed over the years.
Alternatives:Correct
Incorrect
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Question 15 of 50
15. Question
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 : India is often called as the ‘outsourcing hub’ of the world.
Statement 2 : Availability of skilled manpower is one of the prime factors responsible for the status gained by India at the international platform.
Alternatives:Correct
Incorrect
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Question 16 of 50
16. Question
Before the advent of Green Revolution in 1960’s, India was primarily dependent on _________for the supply of food grains.
Correct
Incorrect
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Question 17 of 50
17. Question
From the following given sets of statements in columns I and II, choose the correct pair of statements.
Alternatives:Correct
Incorrect
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Question 18 of 50
18. Question
National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/the _________ body to coordinate the activities of all institutions involved in the rural financing system.
Correct
Incorrect
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Question 19 of 50
19. Question
The Government of India has decided to vaccinate the adult population of India (with Covaxin/Covishield), without any charge. This would be categorized as ____________.
Correct
Incorrect
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Question 20 of 50
20. Question
____________ is not a reason for poverty in India.
Correct
Incorrect
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Question 21 of 50
21. Question
In a hypothetical economy, Mr. Neeraj has deposited `100 in the bank. If it is assumed that there is no other currency circulation in the economy, then the total money supply in the economy will be ________________.
Correct
Incorrect
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Question 22 of 50
22. Question
‘Since independence, India has witnessed a considerable fall in the Infant Mortality Rate in India’
Identify which of the following may not be one of the reasons for the fall in the Infant Mortality Rate?Correct
Incorrect
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Question 23 of 50
23. Question
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 : Subsidies do not add any burden on the financial health of a nation.
Statement 2 : Complete removal of subsidies may violate the aim of equitable distribution of income.
Alternatives:Correct
Incorrect
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Question 24 of 50
24. Question
Prior to India’s independence, the stagnation in the agricultural sector was mainly caused by ___________.
Correct
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Question 25 of 50
25. Question
Read the following statements – Assertion (A) and Reason (R):
Assertion (A) : Acquisition of a domestic (Indian) company by a foreign (Australian) company will be recorded on the credit side of Balance of Payment Account.
Reason(R) : It leads to outflow of foreign exchange from the domestic economy. From the given alternatives choose the correct one:
Alternatives:Correct
Incorrect
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Question 26 of 50
26. Question
Suppose in an economy, the initial deposits of `400 crores lead to the creation of total deposits worth ₹ 4000 crores.
Under the given situation the value of reserve requirements would be________.Correct
Incorrect
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Question 27 of 50
27. Question
Read the following statements – Assertion (A) and Reason (R):
Assertion (A) : Major policy initiatives (land reforms and Green Revolution) helped India to become self-sufficient in food grains production.
Reason (R) : The proportion of people depending on agriculture did not decline as expected after
the Green Revolution.
From the given alternatives choose the correct one:
Alternatives:Correct
Incorrect
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Question 28 of 50
28. Question
Identify the incorrect statement from the following:
Correct
Incorrect
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Question 29 of 50
29. Question
Read the following statements – Assertion (A) and Reason (R):
Assertion (A) : Human capital treats human beings as a means to an end (increase in productivity).
Reason (R) : Human Capital Formation decreases by way of investments in education and health.
From the given alternatives choose the correct one:
Alternatives:Correct
Incorrect
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Question 30 of 50
30. Question
From the set of statements given in Column I (Name of the Scheme) and Column II (Objective of Poverty Alleviation Program), choose the correct pair of statements:
Alternatives:Correct
Incorrect
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Question 31 of 50
31. Question
Figure Showing Population below poverty line in some large states, 1973-2012 (%)
On the basis of the given bar diagram, identify the states which are able to reduce the poverty level as compared to other states between 1973 – 2012.Correct
Incorrect
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Question 32 of 50
32. Question
Select Indicators of Development in Education and Health Sectors
On the basis of the above-mentioned information answer the following question:
The Real Per Capita Income of India (as per the given data) has increased by _______________ (approximately) between 1951 and 2016-17.Correct
Incorrect
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Question 33 of 50
33. Question
Read the following statements – Assertion (A) and Reason (R):
Assertion (A) : The goal of equitable distribution of land was fully served by abolition of intermediaries, in the post-independence India.
Reason (R) : Big landlords challenged the land ceiling legislation, delaying the implementation and subsequently escaping from the legislation.
From the given alternatives choose the correct one:
Alternatives:Correct
Incorrect
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Question 34 of 50
34. Question
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 : The emergence of Self-Help Groups (SHG’s) ensured the reduction in the fissures of the formal credit system.
Statement 2 : The borrowings from SHGs mainly confined to consumption purposes by its members.
Alternatives:Correct
Incorrect
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Question 35 of 50
35. Question
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 : The value of money multiplier is determined by the reserve ratio prevailing in the monetary system.
Statement 2 : The process of credit creation directly relates to the value of reserve ratio.
Alternatives:Correct
Incorrect
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Question 36 of 50
36. Question
Arrange the following event in the correct chronological order:
i. The year of great divide
ii. Establishment of Tata Iron and Steel Company (TISCO)
iii. Introduction of Railways in India by the British
iv. Opening of Suez Canal
Alternatives:Correct
Incorrect
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Question 37 of 50
37. Question
Read the following statements -Assertion (A) and Reason (R), choose one of the correct alternatives given below:
Assertion (A) : Trade of invisible items between two nations is a part of capital account of Balance of Payment
Reason (R) : Transactions that affect the asset-liability status of a country in relation to the rest of the world are known as Capital Account transaction.
Alternatives:Correct
Incorrect
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Question 38 of 50
38. Question
Demand Deposits include______ and _________.
i. Saving account deposits
ii. Fixed deposits
iii. Current Account Deposits
iv. Post Office Savings
Alternatives:Correct
Incorrect
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Question 39 of 50
39. Question
Read the following statements -Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): Since the default rates of farm loans have become chronically high due to multiple reasons, the rural banks are facing a lot of cash crunch.
Reason (R): Due to lack of proper storage facilities a lot of farm produce is wasted.
Alternatives:Correct
Incorrect
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Question 40 of 50
40. Question
Read the following statements -Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): Since Independence, the economic condition of many farmers across India has improved as they have adopted horticulture as a secondary source of income.
Reason (R): Varying climatic and soil conditions have given India an added advantage to be the producer of diverse horticultural crops.
Alternatives:Correct
Incorrect
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Question 41 of 50
41. Question
Read the following statements – Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): Demand Deposits are considered as a convenient mode of payment for execution of even the high value transactions.
Reason (R): Demand Deposits are non-withdrawable in nature and cannot be withdrawn against issue of cheques and other similar instruments of payment.
Alternatives:Correct
Incorrect
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Question 42 of 50
42. Question
Choose the correct alternatives to be filled in given blanks A and B.
Correct
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Question 43 of 50
43. Question
Ms Ramanpreet has started a new business venture, she intends to spend a huge amount towards ‘on-the-job training’ of her workers before putting them to work. It exhibits the right step in the direction of Human Capital Formation.
Spot which of the following does not directly contributes to the process of human capital formation by Ms Ramanpreet:Correct
Incorrect
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Question 44 of 50
44. Question
Suppose that the Balance of Trade (BOT) of a nation, exhibits a surplus of `20,000 crores. The import of merchandise of the nation is half of the exports of merchandise to the rest of the world.
The value of exports would be `______ crores.Correct
Incorrect
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Question 45 of 50
45. Question
Read the following statements carefully and choose the correct alternatives given below:
Statement 1 : Government of India adopted ‘Trickle Down Approach’ to alleviate poverty to benefit the last man at the bottom of the pyramid.
Statement 2 : Empirical data over the years have shown that trickle-down theory did not yield desired results in India.
Alternatives:Correct
Incorrect
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Question 46 of 50
46. Question
Read the following statements -Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): If the receipts and payments on the current account are equal to each other, it depicts a situation of Current Account Surplus.
Reason (R): A surplus current account means that the nation is a lender to other countries and a deficit current account means that the nation is a borrower from other countries.
Alternatives:Correct
Incorrect
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Question 47 of 50
47. Question
Identify the correct statement from the following:
Correct
Incorrect
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Question 48 of 50
48. Question
Match the situations given in Column I with their respective implications given in Column II:
Alternatives:Correct
Incorrect
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Question 49 of 50
49. Question
The volume of money held by the public _________, in an economy, is referred to as the money supply.
Correct
Incorrect
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Question 50 of 50
50. Question
India entered the _________ stage of Demographic Transition after the year 1921.
Correct
Incorrect
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