Manipur Cohsem Class 12 Economics — Real Previous-Year Papers

Central Bank is an apex financial institution of a country that (A) controls the entire banking system and money supply. (B) acts as banker to the Government. (C) issues currency. (D) All of the above.

Distinguish between consumption function and amount of consumption.

Identify the main consideration that weigh with the commercial bank in deciding about the composition of their assets.

Define Government Budget.

Indicate which attempts have been made by the Government of India to reduce Fiscal deficit.

What is circular flow of income in a simple economy?

Explain any two objectives which are influencing consumption demand.

Complete the following table : | Level of Income in Rs. (Y) | Consumption Expenditure in Rs. (C) | Marginal Propensity to consume | Average Propensity to consume | |---|---|---|---| | 1000 | 950 | | | | 1100 | 1040 | | | | 1200 | 1120 | | | | 1300 | 1190 | | | | 1400 | 1250 | | | | 1500 | 1300 | | |

Explain any two points of importance for increasing public expenditure in developing countries.

What are the implications of J.B. Say's Law of Market? Give four points.

Explain how would you calculate Personal Dispossable Income. OR Differentiate between intermediate goods and final goods.

Explain the two alternative ways to avoid the problems of double counting. OR Give reasons why (i) Sale and purchase of second hand goods and (ii) Expenditure on transfer payments not included in calculating Gross National Product(GNP).

Read the following text paragraph carefully and answer the following questions on the basis of the same : In developing countries like India, budget has to play a more important role. Whereas, in the industrialised developed countries, the basic problem in the short-run is to ensure stability at full employment level and in the long run to ensure steady rate of economic growth, the developing countries face a more difficult problems of how to generate a higher economic growth so as to tackle the problems of poverty and unemployment. Therefore, budget has to play a special role of promoting economic growth in the developing countries and maintaining price stability. Therefore, the function of the government budget has not only to raise resources for development and to achieve optimum allocation of resources, but also to promote fair distribution of income and expansion of employment opportunities. (i) Which of the following is not the objective of Government Budget? (Choose the correct alternative) (A) Reallocation of resources (B) Redistribution of income (C) Reducing expenditure (D) Economic stability (ii) Government budget is a statement of the estimate of revenue and expenditure of the Government for a year. (True/False) (Select the correct option). (iii) Give a reason why there is tremendous increase in Government expenditure. (iv) What is fiscal year?

Explain how equilibrium level of national income is determined by Aggregate Demand and Aggregate Supply. Illustrate it diagrammatically. OR Explain the concept of Investment Multiplier. Illustrate it with the help of diagram.

"Money is a matter of functions four, a medium, a measure, a standard, a store." Analyze the above couplet. OR Analyze the process of credit creation by the Commercial Banks.

The sole purpose of the British Colonial rule in India was : (A) to reduce the country to bring a raw material supplier for Great Britain's own rapidly expanding modern industrial base (B) to serve the people of India (C) to develop handicrafts industries in India (D) to provide public health facilities

Which of the following is the strategy to promote globalisation of the Indian economy? (A) Partially convertability (B) Reduction of tarrifs (C) Increase in equity limit of foreign investment (D) All of the above

The common goals of India's Five-Year Plans are : (A) Growth (B) Modernization (C) Self reliance and equity (D) All of the above

Identify which of the following is not an advantage of Green Revolution. (A) India has become self-sufficient in the production of food grains (B) India has built sufficient buffer-stock of food grains (C) Increase market surplus (D) Increase in the prices of food grains

One of the pier bridges, the bridge across the river Ijai of Manipur on the rail route will be the tallest in the world measuring : (A) 141 metre in height (B) 139 metre in height (C) 140 metre in height (D) None of these

In the following question, a statement of Assertion (A) is followed by a statement of Reason (R). Choose the correct alternative among those given below : Assertion (A) : NITI Aayog replaced the Planning Commission with new focus on the theme "Minimum Government, Maximum Governace". Reason (R) : The Planning Commission was criticised for its top-down approach to planning whereas NITI Aayog promotes a bottom-up cooperative federalism approach. (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) (C) Assertion (A) is true but Reason (R) is false (D) Assertion (A) is false but Reason (R) is true

What is quantitative restrictions on imports?

Suggest one long-term structural reform policy measure undertaken by the Government of India with the introduction of New Economic Policy.

Identify one point of similarity in the development strategies of India and China.

Suggest one measure to get the multiplier effects of the border trade under the Act East Policy in Manipur.

"Economic reforms have placed limits on the growth of public expenditure especially in social sector". Justify the above statement.

Explain why is equity considered as one of the goals of Five-Year plans of India. Give two points.

Give the economic justification in favour of continuing agricultural subsidies to the farmers in India. Give two points.

Suggest any two measures to be adopted by the Government of Manipur for forestry development and conservation of environment.

What were the adverse consequences of restrictive trade policy pursued by the colonial British Government? Give two points.

Explain the benefits of organic agriculture for achieving sustainable developoment in India. OR Distinguish between human capital and human development.

What are differences between workers in formal and informal sectors of the Indian economy?

Analyze the development pattern of India and China with respect to some select Human Development Indicators. OR Analyze the implication of "One-Child Norm" introduced in China in the late 1970s.

Explain the structural changes in agriculture and industry during the economic reforms period. OR Explain Liberalization policies with reference to financial sector reforms and Tax reforms.

Analyze the future prospects of gender equity and higher education in India. OR Analyze the strategies for Sustainable Development by giving four points.