CBSE Class 12 Economics Question Paper 2009 (Outside Delhi)

CBSE CLASS XII Questions

• 1.

  Read the following text carefully:
  “A country’s total National Income (NI) at the end of the year is ₹ 80,000 crore. During the same year, the Gross Domestic Product (GDP) increased by ₹ 2,00,000 crore. Price index for capital goods at the end of year is ₹ 15 lakh crore. Additionally, country invested ₹ 8,000 crore in new capital goods industries.”
  In the light of the above text, classify the items as ‘stock’ or ‘flow’ variables with valid arguments. OR The value of Nominal Gross National Product (GNP) of an economy was ₹ 2,500 crore in a particular year. The value of Gross National Product (GNP) of that country during the same year, estimated at the prices of base year was ₹ 3,000 crore.

  • [(i)] Estimate the Gross National Product (GNP) deflator (in percentage).
  • [(ii)] “The price level has risen between the base year and the year under consideration.” Defend or refute the statement with suitable argument.

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• 2.

  Income generated from Aircrafts of Air India operating between Canada and England would be added to the domestic income (NDPFC) of ____________.

  • Canada
    
  • England
    
  • Both Canada and England
    
  • India
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• 3.

  In an economy, the currency held by the public, Net Demand Deposits with Commercial Banks and Net Time Deposits with Commercial Banks stand at ₹ 1,42,000 crore, ₹ 22,000 crore and ₹ 86,000 crore respectively. The value of Money Supply (M1) would be ₹ _______ crore.

  • 2,50,000
    
  • 86,000
    
  • 1,64,000
    
  • 1,42,000
    
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• 4.

  Read the following statements carefully:
  Statement 1: During the British rule in India, the export surplus was utilised to import invisible items from Britain.
  Statement 2: Indians paid for the expenses incurred by an office set up by the colonial government in Britain. In the light of above statements, choose the correct option 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.
    
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• 5.

  In an economy, when __________ is insufficient to achieve the level of output corresponding to the full employment, the difference is termed a deflationary gap. 
   

  • ex-ante Aggregate Demand
    
  • ex-post Aggregate Demand
    
  • ex-ante Aggregate Supply
    
  • ex-post Aggregate Supply
    
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• 6.

  Read the following statements carefully:
  Statement 1: Under the flexible exchange rate system, a deficit or surplus in the Balance of Payments is automatically corrected.
  Statement 2: Under the flexible exchange rate system, there is always a possibility of over/under valuation of currency.
  In the light of the above given statements, choose the correct option 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.
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