A

SET-3
Series HFG1E/4 àíZ-nÌ H$moS>
Q.P. Code 58/4/3
amob Z§.
narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$
Roll No. _wI-n¥ð >na Adí` {bIo§ &
Candidates must write the Q.P. Code
on the title page of the answer-book.

AW©emñÌ
ECONOMICS
:3 : 80
Time allowed : 3 hours Maximum Marks : 80

H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &

àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE àíZ-nÌ H$moS> H$mo narjmWu CÎma-nwpñVH$m Ho$ _wI-n¥ð>
na {bI| &
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >34 àíZ h¢ &
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$
Adí` {bI| &
Bg àíZ-nÌ Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-nÌ H$mo
-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &
Please check that this question paper contains 27 printed pages.
Q.P. Code given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
Please check that this question paper contains 34 questions.
Please write down the serial number of the question in the
answer-book before attempting it.
15 minute time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m.,
the students will read the question paper only and will not write any
answer on the answer-book during this period.
*
58/4/3 1 P.T.O.
 :
:

(i) 34

(ii) :

(iii) 20

(iv) 4 I 60 80

(v) 6 II 80 100

(vi) : : 4 100 150

(vii)

IÊS> H$
g_{îQ> AW©emñÌ

1. EH$ ^maVr` H$ånZr, {dXoe _| pñWV EH$ H$ånZr go G$U àmßV H$aVr h¡ & `h boZXoZ, ^maV
Ho$ ^wJVmZ g§VwbZ _|, __________ ImVo Ho$ _________ nj _| XO© {H$`m OmEJm &
([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1

(a) Mmby, H«o${S>Q> $

(b) Mmby, S>o{~Q> $
(c) ny±Or, H«o${S>Q>
(d) ny±Or, S>o{~Q>>

58/4/3 2
General Instructions :

Read the following instructions carefully and strictly follow them :

(i) This question paper contains 34 questions. All questions are compulsory.

(ii) This question paper contains two Sections :

Section A Macro Economics

Section B Indian Economic Development

(iii) This paper contains 20 Multiple Choice Questions Type questions of 1 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 Questions 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. An Indian company receives a loan from a company located abroad. This

transaction would be recorded on the ___________ side of ____________

(Choose the correct alternative to fill up the blanks) 1

(a) Credit, Current

(b) Debit, Current

(c) Credit, Capital
(d) Debit, Capital
58/4/3 3 P.T.O.
2. :
1: ^m¡{VH$ ny±Or _| d¥{Õ VWm ñQ>m°H$ (inventory) _| n[adV©Z H$mo {Zdoe Ho$ ê$n _|
n[a^m{fV {H$`m OmVm h¡ &
2 : Am` Ho$ g§VwbZ ñVa na dmñV{dH$ {Zdoe d dmñV{dH$ ~MV gX¡d ~am~a hmoVo
h¢ &
{XE JE H$WZm| Ho$ AmbmoH$ _|, {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1
(a) H$WZ 1 gË` h¡ Am¡a H$WZ 2 AgË` h¡ &
(b) H$WZ 1 AgË` h¡ Am¡a H$WZ 2 gË` h¡ &
(c) H$WZ 1 Am¡a 2 XmoZm| gË` h¢ &
(d) H$WZ 1 Am¡a 2 XmoZm| AgË` h¢ &
3. AW©ì`dñWm _| _wÐm Ho$ ñQ>m°H$ H$mo _________ Ho$ {bE ^maVr` [aµOd© ~¢H$ (RBI), gaH$mar
à{V^y{V`m| H$m __________ H$aoJm &
([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) H$_ H$aZo, {dH«$`>
(b) H$_ H$aZo, H«$`
(c) o, {dH«$`
(d) >
4. : A{^H$WZ (A) Am¡a H$maU (R) & ZrMo {XE JE {dH$ënm| _|
go EH$ ghr {dH$ën Mw{ZE : 1

(A) : {ZY©Z ì`{º$`m| H$s VwbZm _| A_ra ì`{º$`m| H$s gr_m§V Cn^moJ àd¥{Îm
(MPC) H$_ hmoVr h¡ &
(R) : Cn^moJ dH«$ y-Aj na _yb-q~Xþ Ho$ D$na EH$ q~Xþ na à{VÀN>oX
(intercept) H$aVm h¡ &
{dH$ën :
(a) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢ Am¡a H$maU (R), A{^H$WZ (A) H$s
ghr ì¶m»¶m H$aVm h¡ &
(b) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢, bo{H$Z H$maU (R), A{^H$WZ (A)
H$s ghr ì¶m»¶m H$aVm h¡ &
(c) A{^H$WZ (A) gË` h¡, bo{H$Z H$maU (R) AgË` h¡ &
(d) A{^H$WZ (A) AgË` h¡, bo{H$Z H$maU (R) gË` h¡ &
58/4/3 4
2. Read the following statements carefully :
Statement 1 : Investment is defined as addition to the physical capital
and changes in the inventory.
Statement 2 : At equilibrium level of income, ex-post investments and
ex-post savings are always equal.
In light of the given statements, choose the correct alternative from the
following : 1
(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.

3. The Reserve Bank of India (RBI) __________ government securities in a

bid to __________ the stock of money in the economy.

(Choose the correct alternative to fill up the blanks) 1

(a) sells, decrease
(b) purchases, decrease
(c) sells, increase
(d) purchases, not change

4. Read the following statements : Assertion (A) and Reason (R). Choose the
correct alternative given below. 1
Assertion (A) : Rich people have lower Marginal Propensity to Consume
(MPC) as compared to poor people.
Reason (R) : Consumption curve makes an intercept on the y-axis at a
point above the origin.
Alternatives :
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the
correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not
the correct explanation of the Assertion (A).
(c) Assertion (A) is true, but Reason (R) is false.
(d) Assertion (A) is false, but Reason (R) is true.

58/4/3 5 P.T.O.
5. : A{^H$WZ (A) Am¡a H$maU (R) & ZrMo {XE JE {dH$ënm| _|
go EH$ ghr {dH$ën Mw{ZE :$ 1

(A) : A{Y_m±J go dmñV{dH$ CËnmXZ ñVa _| H$moB© d¥{Õ Zht hmoVr h¡ &

(R) : A{Y_m±J, dmñV{dH$ _m±J d nyU© amoµOJma ñVa Ho$ AZwê$n dm§{N>V _m±J Ho$
_Ü` A§Va CËnÞ H$aVr h¡ &
{dH$ën :
(a) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢ Am¡a H$maU (R), A{^H$WZ (A) H$s
ghr ì¶m»¶m H$aVm h¡ &

(b) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢, bo{H$Z H$maU (R), A{^H$WZ (A)
H$s ghr ì¶m»¶m H$aVm h¡ &

(c) A{^H$WZ (A) gË` h¡, bo{H$Z H$maU (R) AgË` h¡ &

(d) A{^H$WZ (A) AgË` h¡, bo{H$Z H$maU (R) gË` h¡ &

6. {ZåZ{b{IV H$WZm| H$mo Ü`mZnyd©H$ :

1: boIm§H$Z Ho$ g§X^© _|, ^wJVmZ g§VwbZ ImVm gX¡d g§Vw{bV (~am~a) ahVm h¡ &
2: ñdm`Îm boZXoZ, ^wJVmZ g§VwbZ ImVo ~am~a aIVo h¢ &
{XE JE H$WZm| Ho$ AmbmoH$ _|, {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1

(a) H$WZ 1 gË` h¡ Am¡a H$WZ 2 AgË` h¡ &

(b) H$WZ 1 AgË` h¡ Am¡a H$WZ 2 gË` h¡ &
(c) H$WZ 1 Am¡a 2 XmoZm| gË` h¢ &
(d) H$WZ 1 Am¡a 2 XmoZm| AgË` h¢ &

58/4/3 6
5. Read the following statements : Assertion (A) and Reason (R). Choose the
correct alternative given below. 1

Assertion (A) : Excess demand does not lead to any increase in the level
of real output.
Reason (R) : Excess demand creates a gap between actual demand and
desired demand corresponding to full employment level.

Alternatives :

(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the
correct explanation of the Assertion (A).

(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not
the correct explanation of the Assertion (A).

(c) Assertion (A) is true, but Reason (R) is false.

(d) Assertion (A) is false, but Reason (R) is true.

6. Read the following statements carefully :

Statement 1 : Balance of Payment account is always balanced in

accounting sense.

Statement 2 : Autonomous transactions, restore balance in Balance of

Payment account.

In light of the given statements, choose the correct alternative from the
following : 1

(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.

58/4/3 7 P.T.O.
7. (H$) {MÌ _| [aº$ ñWmZm| (i) d (ii) H$s ny{V© Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE : 1
(i) Am`
CËnmXZ H$maH$

J¥hñW \$_]

dñVwE± d godmE±

(ii) ì``
{dH$ën :
(a) amîQ´>r`, CËnmXZ (b) H$maH$, CËnmXZ $
(c) H$maH$, Cn^moJ $ (d) amîQ´>r`, Cn^moJ
AWdm
(I) _________ àMmbZ A{Yeof _| gpå_{bV Zht hmoVm h¡ &
([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) ã`mO (b) {H$am`m $
(c) bm^ $ (d) H$_©Mm[a`m| H$m nm[al{_H$
8. _m±J O_m _| ___________ gpå_{bV hmoVo h¢ &
([aº$ ñWmZ H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a)
(b) gaH$ma Ho$ nmg AÝ` O_m
(c) ~MV ImVm O_m d gmd{Y O_m
(d) Mmby ImVm O_m d gmd{Y O_m
58/4/3 8
7. (A) Choose the correct alternative to fill in the blanks (i) and (ii) in the
figure. 1
(i) Income

Factors of Production

Household Firms

Goods and Services

(ii) Expenditure

Alternatives :
(a) National, Production (b) Factor, Production
(c) Factor, Consumption (d) National, Consumption
OR
(B) Operating Surplus does not include __________.
(Choose the correct alternative to fill up the blank) 1
(a) Interest (b) Rent
(c) Profit (d) Compensation of employees

8. Demand Deposits include ____________.

(Choose the correct alternative to fill up the blank) 1
(a) Currency and coins held with the public
(b) Other deposits with the Government
(c) Savings Account Deposits and Fixed Deposits
(d) Current Account Deposits and Fixed Deposits

58/4/3 9 P.T.O.
9. (H$) `{X gr_m§V ~MV àd¥{Îm (MPS) 0·5 ?
(ghr {dH$ën H$m M`Z H$s{OE) 1
(a) 1 (b) 2
(c) 1·6 (d) 1·45
AWdm
(I) {Zdoe _| < 1,200 < 3,000
hmoVr h¡ & {Zdoe JwUH$ H$m _yë` __________ hmoJm &
([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) 2 (b) 2·5$
(c) 4 $ (d) 5

10. (H$) T>E :

1 Kaoby _wÐm _| _yë`õmg go {Z`m©V _| d¥{Õ hmo gH$Vr h¡ &
2 ^maVr` amï´>r` énE (<) _| _yë`õmg Ho$ H$maU, A_o[aH$s S>m°ba ($)
H$s H«$` e{º$ _| d¥{Õ hmo gH$Vr h¡ &
{XE JE H$WZm| Ho$ AmbmoH$ _|, {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1
(a) H$WZ 1 gË` h¡ Am¡a H$WZ 2 AgË` h¡ &
(b) H$WZ 1 AgË` h¡ Am¡a H$WZ 2 gË` h¡ &
(c) H$WZ 1 Am¡a 2 XmoZm| gË` h¢ &
(d) H$WZ 1 Am¡a 2 XmoZm| AgË` h¢ &
AWdm
(I) 1
(a) ImÚmÞm| H$m {Z`m©V
(b)
(c) g§.am. A_o[aH$m H$mo gyMZm àm¡Úmo{JH$s (IT) godmAm| H$m {Z`m©V
(d) ^maV _| ñQ>rb H$ånZr Ûmam H$mo`bo H$m Am`mV
11. _mZ br{OE {H$gr df© _| EH$ amîQ´> H$m ~mµOma _yë` na gH$b Kaoby CËnmX (GDP)
< 1,500 | go àmßV ewÕ H$maH$ Am` < 100
H$am| H$m _yë` < 180 < 1,050
{bE _yë`õmg Ho$ _mZ H$s JUZm H$s{OE & 3
58/4/3 10
9. (A) If the Marginal Propensity to Save (MPS) is 0.5, what will be the
value of investment multiplier ? (Choose the correct alternative) 1
(a) 1 (b) 2
(c) 1·6 (d) 1·45
OR
(B) An increase in National Income occurs by < 3,000 crore, as
investments increased by < 1,200 crore. The value of investment
multiplier would be _________.
(Choose the correct alternative to fill up the blank) 1
(a) 2 (b) 2·5
(c) 4 (d) 5
10. (A) Read the following statements carefully :
Statement 1 : Depreciation of domestic currency may lead to a
rise in exports.
Statement 2 : Due to the depreciation of Indian National Rupee
(<), purchasing power of US Dollar ($) may
increase.
In light of the given statements, choose the correct alternative
from the following : 1
(a) Statement 1 is true and Statement 2 is false.
(b) Statement 1 is false and Statement 2 is true.
(c) Both Statements 1 and 2 are true.
(d) Both Statements 1 and 2 are false.
OR
(B) Identify, which one of the following is an intangible item in
Balance of Payment (BoP). 1
(a) Export of food grains
(b) Imports of crude oil
(c) Export of Information Technology (IT) services to U.S.A.
(d) Import of coal by steel company in India
11. Suppose the Gross Domestic Product (GDP) at market price of a country
in a particular year was < 1,500 crore. Net Factor Income from Abroad
was < 100 crore. The value of Net Indirect Taxes was < 180 crore and the
National Income was < 1,050 crore. Calculate the value of depreciation
for the economy. 3
58/4/3 11 P.T.O.
12. (H$) Ho$ÝÐr` ~¢H$ H$mo à~§{YV {VaVr àUmbr Ho$ A§VJ©V hñVjon H$aZo H$s Amdí`H$Vm
hmoVr h¡ &
? AnZo CÎma H$m _mÝ` H$maUm| g{hV g_W©Z
H$s{OE & 3
AWdm
(I) ì`mnma g§VwbZ A{Yeof d Mmby ImVm A{Yeof _| A§Va ñnîQ> H$s{OE & 3

13. EH$ AW©ì`dñWm _|, {Zdoe _| d¥{Õ amîQ´>r` Am` _| XþJwZr d¥{Õ H$aVr h¡ &
Xr JB© AW©ì`dñWm _| gr_m§V Cn^moJ àd¥{Îm (MPC) H$s JUZm H$s{OE & 4

14. :
2020 _| ^maV _| g|Q´>b ~¢H$ {S>{OQ>b H$a|gr (CBDC) H$s g§^mdZmAm| H$m AÜ``Z H$aZo
Ho$ {bE EH$ H$m`© g_yh H$s ñWmnZm Ho$ Cnam§V, ^maVr` [aµOd© ~¢H$ (RBI) Zo 7
2022 H$mo {S>{OQ>b énE (e-énE) na EH$ AdYmaUm ZmoQ> àñVwV {H$`m &
e-énE, _wÐm Ho$ CnbãY àmê$nm| Ho$ {bE EH$ A{V[aº$ {dH$ën àXmZ H$aoJm & `h ~¢H$
ZmoQ>m| go H$m\$s hX VH$ n¥WH$ Zht hmoJm, naÝVw {S>{OQ>b hmoZo Ho$ H$maU BgHo$ AmgmZ, Vrd« d
gñVm hmoZo H$s g§^mdZm h¡ &
RBI Zo H$hm h¡ {H$, _w»` Vm¡a na CBDC H$mo {S>{OQ>b ê$n _| Ho$ÝÐr` ~¢H$ Ûmam Omar
d¡Ym{ZH$ {Z{dXm (legal tender) Ho$ ê$n _| n[a^m{fV {H$`m Om gH$Vm h¡ & `h AÝ` ê$n
_| H$mJµOr _wÐm (paper currency) Ho$ g_mZ h¡ &
Cn`w©º$ CÕaU d gm_mÝ` g_P Ho$ AmYma na {ZåZ{b{IV àíZm| Ho$ CÎma Xr{OE :
(H$) Cn`w©º$ CÕaU _| B§{JV Ho$ÝÐr` ~¢H$ Ho$ H$m`© H$s nhMmZ H$s{OE d {ddoMZm
H$s{OE &
(I) {S>{OQ>b énE Ho$ {H$Ýht Xmo bm^m| H$m CëboI H$s{OE & 3+1=4

15. g§jon _| MMm© H$s{OE {H$, gaH$ma {H$g àH$ma {ZåZ{b{IV Ûmam Anñ\$s{V H$s pñW{V H$mo
{Z`§{ÌV H$a gH$Vr h¡ : 4
(H$) H$amYmZ Zr{V
(I) gaH$mar ì`` Zr{V
16. AW© ~VmBE : 6
(H$) Xmohar JUZm H$s g_ñ`m
(I) àMmbZ A{Yeof
(J) H$_©Mm[a`m| H$m nm[al{_H$
58/4/3 12
12. (a)

Do you agree with the given statement ? Support your answer with
valid reasons. 3
OR
(b) Differentiate between Surplus in Balance of Trade and Current
Account Surplus. 3
13. n an economy, an increase in investment leads to doubling of the
national income.
Calculate the Marginal Propensity to Consume (MPC) for the given
economy. 4

14. Read the following text carefully :

ing up a working group to study the possibility of a Central
Bank Digital Currency (CBDC) in India in 2020, the RBI revealed a
concept note on digital rupee (e-Rupee) on 7th
-Rupee will provide an additional option to the currency available
forms of money. It is substantially not different from bank notes, but

RBI said that it broadly defines CBDC as the legal tender issued by a
central bank in a digital form. It is akin to paper currency in a different
form.
On the basis of the above text and common understanding, answer the
following questions :
(a) Identify and discuss the function of central bank indicated in the
above text.
(b) State any two advantages of digital rupee. 3+1=4
15. Discuss briefly, how the government can control the situation of deflation
using the following : 4
(a) Taxation Policy
(b) Government Expenditure Policy
16. State the meaning of : 6
(a) Problem of Double Counting
(b) Operating Surplus
(c) Compensation of Employees

58/4/3 13 P.T.O.
17. (H$) (i) gaH$ma µJar~r aoIm go ZrMo Ho$ n[admam| H$mo ImÚmÞ O¡gr Amdí`H$ dñVwE±
bJ^J {ZewëH$ àXmZ H$aVr h¡ &
B§{JV {H$E JE gaH$mar ~OQ> Ho$ CÔoí` H$s nhMmZ H$s{OE d ì`m»`m H$s{OE & 4
(ii) {ZåZ{b{IV H$mo n[a^m{fV H$s{OE : 2
(1) amOñd KmQ>m
(2) àmW{_H$ KmQ>m
AWdm
(I) _mÝ` H$maUm| g{hV CëboI H$s{OE {H$ {ZåZ{b{IV H$WZ h¢ AWdm : 6
(i) g_yh na D±$Mm H$amamonU gaH$ma Ho$ g§gmYZm| Ho$ nwZ:Am~§Q>Z Ho$
CÔoí` H$mo àmßV H$aVm h¡ &
(ii) G$U gaH$ma Ho$ {bE EH$ amOñd àm{ßV h¢ &
(iii) amOH$mofr` KmQ>m gX¡d _wÐmñ\$s{V H$mo CËnÞ H$aVm h¡ &
IÊS> I
^maVr` Am{W©H$ {dH$mg
18. {~«{Q>e emgZH$mb _|, H¥${f Ho$ ì`dgm`rH$aU Ho$ n[aUm_ñdê$n H¥${f CËnmXZ __________
µ\$gbm| go _________ µ\$gbm| na ñWmZm§V[aV hmo J`m Wm &
([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) ZH$X, ImÚ (b) H$nmg, OyQ>
(c) ImÚ, ZH$X (d) OyQ>, ImÚ
19. {H$gmZm| H$mo _§{S>`m| H$s Hw$ar{V`m| go ~MmZo Ho$ {bE __________ ~mµOmam| H$mo Am`mo{OV
{H$`m OmVm h¡ & ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) {d{Z`{_V (b) gm_{`H$
(c) X¡{ZH$ (d) gmßVm{hH$
20. (H$) YmaU j_Vm (Carrying Capacity) H$m AW© h¡ {H$ ___________ & 1
(i) g§gmYZ {ZîH$f©U, nwZO©ZZ H$s Xa go H$_ hmoZm Mm{hE &
(ii) g§gmYZ {ZîH$f©U, nwZO©ZZ H$s Xa go A{YH$ hmoZm Mm{hE &
(iii) Adeof CËnmXZ n`m©daU H$s Ademofr j_Vm Ho$ ^rVa hmoZm Mm{hE &
(iv) Adeof CËnmXZ n`m©daU H$s Ademofr j_Vm go A{YH$ hmoZm Mm{hE &
(ghr {dH$ën H$m M`Z H$s{OE)
{dH$ën :
(a) (i) d (iv) (b) (i) d (iii)
(c) (ii) d (iii) (d) (ii) d (iv)
AWdm
58/4/3 14
17. (a) (i) like food grains almost

Identify and explain the objective of the government budget

indicated. 4
(ii) Define the following : 2
(1) Revenue deficit
(2) Primary deficit
OR
(b) State whether the following statements are true or false, with valid
reasons : 6
(i) High tax on higher income groups aims to achieve the
of the Government.
(ii) Borrowings are a revenue receipt of the government.
(iii) Fiscal deficit always leads to inflation.
SECTION B
Indian Economic Development
18. Under the British Rule, commercialisation of agriculture resulted in
shifting of agricultural production from ________ crops to ________ crops.
(Choose the correct alternative to fill up the blanks) 1
(a) Cash, Food (b) Cotton, Jute
(c) Food, Cash (d) Jute, Food
19. __________ markets were organised to protect the farmers from
malpractices in mandis.
(Choose the correct alternative to fill up the blank) 1
(a) Regulated (b) Periodic
(c) Daily (d) Weekly
20. (A) Carrying Capacity implies that _________ . 1
(i) Resource extraction should remain below the rate of
regeneration.
(ii) Resource extraction should remain above the rate of
regeneration.
(iii) Generation of waste should remain within the absorption
capacity of the environment.
(iv) Generation of waste should be more than the absorption
capacity of the environment. (Choose the correct alternative)
Alternatives :
(a) (i) and (iv) (b) (i) and (iii)
(c) (ii) and (iii) (d) (ii) and (iv)
OR
58/4/3 15 P.T.O.
 (I) _________ àUmbr nm[apñW{VH$ g§VwbZ H$mo ~ZmE aIVr h¡
VWm d¥{Õ H$aVr h¡ & ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) amgm`{ZH$ H¥${f (b) O¡{dH$ H¥${f $
(c) naånamJV H¥${f (d) ~hþnaVr` H¥${f
21. (H$) nhMmZ H$s{OE {H$, {ZåZ{b{IV _| go H$m¡Z-gm {dH$ën ^maV _| Am{W©H$ `moOZm Ho$
CÔoí`m| go g§~§{YV h¡ & 1
(a) OrdZ Ho$ g_mZ ñVa H$mo gw{ZpíMV H$aZm
(b) àm¡Úmo{JH$s` CÞ{V
(c) Am{W©H$ {dH$mg _| d¥{Õ
(d) {dbm{gVm H$s dñVwAm| Ho$ Am`mV H$mo àmoËgm{hV H$aZm
AWdm
(I) 1951 _|, ^maV H$s amîQ´>r` Am` _| H¥${f H$m `moJXmZ _________ Wm &
([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) VrZm| joÌm| _| go gdm©{YH$
(b) VrZm| joÌm| _| go g~go H$_ $
(c) Am¡Úmo{JH$ joÌ go H$_
(d) godm joÌ go H$_
22. (H$) ^maV _| gZ² ___________ _| d nm{H$ñVmZ _| gZ² __________ _| Am{W©H$ gwYmam|
H$s ewéAmV hþB© Wr &
([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) 1978, 1988 (b) 1988, 1978
(c) 1978, 1991 (d) 1991, 1988

AWdm
(I) _________ Ho$ _m_bo _| nm{H$ñVmZ ^maV go AmJo h¡ &
([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1
(a) _mZd {dH$mg gyMH$m§H$ (HDI) _yë`
(b) à{V ì`{º$ Am` $
(c) ñdÀN>Vm gw{dYmAm| VH$ nhþ±M
(d) OÝ_ na OrdZ àË`mem
58/4/3 16
 (B) __________ system restores, maintains and enhances the ecological
balance. (Choose the correct alternative to fill up the blank) 1
(a) Chemical farming (b) Organic farming
(c) Conventional farming (d) Multi-layered farming

21. (A) Identify, which of the following alternative is not associated with
goals of economic planning in India. 1
(a) Ensuring equitable standard of living
(b) Technological advancement
(c) Increase in economic growth
(d) Promoting imports of luxury goods
OR

(B)
__________ . (Choose the correct alternative to fill up the blank) 1
(a) Highest among the three sectors
(b) Lowest among the three sectors
(c) Lower than the industrial sector
(d) Lower than the service sector

22. (A) Economic reforms were introduced in the year ________ in India
and in the year ________ in Pakistan.
(Choose the correct alternative to fill up the blanks) 1
(a) 1978, 1988 (b) 1988, 1978
(c) 1978, 1991 (d) 1991, 1988
OR
(B) Pakistan is ahead of India in the case of _______________.
(Choose the correct alternative to fill up the blank) 1
(a) HDI value
(b) Per capita income
(c) Access to sanitation facilities
(d) Life expectancy at birth

58/4/3 17 P.T.O.
23. MrZ H$s {ZåZ{b{IV KQ>ZmAm| H$mo H$mbmZwH«${_H$ H«$_ _| ì`dpñWV H$s{OE d ghr {dH$ën
H$m M`Z H$s{OE : 1
(i) _hmZ gd©hmam gm§ñH¥${VH$ H«$m§{V
(ii) J«oQ> brn \$m°adS>© A{^`mZ
(iii) Am{W©H$ gwYmam| H$m àmaå^
(iv) àW_ n§Mdfu` `moOZm
{dH$ën :
(a) (ii), (iv), (iii), (i) (b) (iv), (ii), (i), (iii)
(c) (ii), (iv), (i), (iii) (d) (iv), (i), (ii), (iii)

24. {ZåZ{b{IV H$WZm| H$mo Ü`mZnyd©H$ :

1 : Am{W©H$ {dH$mg go VmËn`© {H$gr amîQ´> H$s dmñV{dH$ amîQ´>r` Am` _| d¥{Õ go h¡ &
2 : _mZd ny±Or {Z_m©U d _mZd {dH$mg XmoZm| EH$g_mZ AdYmaUmE± h¢ &
{XE JE H$WZm| Ho$ AmbmoH$ _|, {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1
(a) H$WZ 1 gË` h¡ Am¡a H$WZ 2 AgË` h¡ &
(b) H$WZ 1 AgË` h¡ Am¡a H$WZ 2 gË` h¡ &
(c) H$WZ 1 Am¡a 2 XmoZm| gË` h¢ &
(d) H$WZ 1 Am¡a 2 XmoZm| AgË` h¢ &

25. :

1: ñdV§ÌVm g§Ho$VH$ ZmJ[aH$m| H$mo {XE JE g§d¡Ym{ZH$ g§ajU H$s gr_m H$mo _mnVo
h¢ &
2 : ^maV AnZo ZmJ[aH$m| H$mo C{MV g§d¡Ym{ZH$ g§ajU àXmZ H$aVm h¡ &
{XE JE H$WZm| Ho$ AmbmoH$ _|, {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1
(a) H$WZ 1 gË` h¡ Am¡a H$WZ 2 AgË` h¡ &
(b) H$WZ 1 AgË` h¡ Am¡a H$WZ 2 gË` h¡ &
(c) H$WZ 1 Am¡a 2 XmoZm| gË` h¢ &
(d) H$WZ 1 Am¡a 2 XmoZm| AgË` h¢ &
58/4/3 18
23. Arrange the following events of China in chronological order and choose
the correct alternative : 1
(i) Great Proletarian Cultural Revolution
(ii) Great Leap Forward Campaign
(iii) Introduction of Economic Reforms
(iv) First Five Year Plan
Alternatives :
(a) (ii), (iv), (iii), (i) (b) (iv), (ii), (i), (iii)
(c) (ii), (iv), (i), (iii) (d) (iv), (i), (ii), (iii)

24. Read the following statements carefully :

Statement 1 : Economic growth means the increase in real national
income of a country.
Statement 2 : Human capital formation and Human development are
one and the same concepts.
In light of the given statements, choose the correct alternative from the
following : 1
(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.

25. Read the following statements carefully :

Statement 1 :
protection given to the citizens.
Statement 2 : India provides fair constitutional protection to its citizens.
In light of the given statements, choose the correct alternative from the
following : 1
(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.

58/4/3 19 P.T.O.
26. {ZåZ{b{IV H$WZm| : A{^H$WZ (A) Am¡a H$maU (R) & ZrMo {XE JE {dH$ënm| _|
go EH$ ghr {dH$ën Mw{ZE :$ 1

(A) : MrZ Zo Iwbo Ûma H$s Zr{V H$mo EH$ à_wI Am{W©H$ gwYma nhb Ho$ ê$n _|
AnZm`m Wm &
(R) : BgH$m CÔoí` ì`mnH$ ñVa na amîQ´> H$m Am¡ÚmoJrH$aU H$aZm Wm &
{dH$ën :
(a) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢ Am¡a H$maU (R), A{^H$WZ (A) H$s
ghr ì¶m»¶m H$aVm h¡ &
(b) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢, bo{H$Z H$maU (R), A{^H$WZ (A)
H$s ghr ì¶m»¶m H$aVm h¡ &
(c) A{^H$WZ (A) gË` h¡, bo{H$Z H$maU (R) AgË` h¡ &
(d) A{^H$WZ (A) AgË` h¡, bo{H$Z H$maU (R) gË` h¡ &

27. : A{^H$WZ (A) Am¡a H$maU (R) & ZrMo {XE JE {dH$ënm| _|
go EH$ ghr {dH$ën Mw{ZE :$ 1

(A) : ^maV _| ~oamoµOJmar g_ñ`m H$s àH¥${V ~hþAm`m_r h¡ &

(R) : l{_H$-OZg§»`m AZwnmV EH$ Eogm g§Ho$VH$ h¡, {OgH$m à`moJ {H$gr amîQ´>
H$s amoµOJma pñW{V H$m {díbofU H$aZo _| {H$`m OmVm h¡ &
{dH$ën :
(a) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢ Am¡a H$maU (R), A{^H$WZ (A) H$s
ghr ì¶m»¶m H$aVm h¡ &
(b) A{^H$WZ (A) Am¡a H$maU (R) XmoZm| gË` h¢, bo{H$Z H$maU (R), A{^H$WZ (A)
H$s ghr ì¶m»¶m H$aVm h¡ &
(c) A{^H$WZ (A) gË` h¡, bo{H$Z H$maU (R) AgË` h¡ &
(d) A{^H$WZ (A) AgË` h¡, bo{H$Z H$maU (R) gË` h¡ &

58/4/3 20
26. Read the following statements : Assertion (A) and Reason (R). Choose the
correct alternative given below. 1
Assertion (A) :
reform initiative.
Reason (R) : It aimed at industrialising the country on a massive scale.

Alternatives :

(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the
correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not
the correct explanation of the Assertion (A).

(c) Assertion (A) is true, but Reason (R) is false.

(d) Assertion (A) is false, but Reason (R) is true.

27. Read the following statements : Assertion (A) and Reason (R). Choose the
correct alternative given below. 1
Assertion (A) : The nature of unemployment problem in India is
multi-faceted.
Reason (R) : Worker-Population ratio is an indicator used for analysing
the employment situation in a country.
Alternatives :

(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the
correct explanation of the Assertion (A).

(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not
the correct explanation of the Assertion (A).
(c) Assertion (A) is true, but Reason (R) is false.

(d) Assertion (A) is false, but Reason (R) is true.

58/4/3 21 P.T.O.
28. dV©_mZ n`m©daUr` MwZm¡{V`m| Ho$ g§X^© _| {XE JE {MÌ H$s ì`m»`m H$s{OE & 3

gy`©

hdm Ob ^yVmnr`
D$î_m

$
: 28 :

{H$gr EH$ dV©_mZ n`m©daUr` MwZm¡Vr H$s {ddoMZm H$s{OE & 3

29. (H$) ^maV _| J«m_rU ~¢qH$J àUmbr H$s à{H«$`m _| AmZo dmbr {H$Ýht Xmo g_ñ`mAm| H$s
{ddoMZm H$s{OE & 3

AWdm
58/4/3 22
28. Interpret the given picture with reference to current environmental
challenges. 3

Note : The following question is for the Visually Impaired Candidates only, in
lieu of Q. No. 28 :
Discuss any one current environmental challenge. 3

29. (a) Discuss any two problems being faced in the process of rural
banking in India. 3
OR

58/4/3 23 P.T.O.
 (I) ZrMo {XE JE {MÌ _| Xem©E AZwgma ^maV _| H$m`©~b {dVaU H$s àH¥${V H$m
{díbofU d VwbZm H$s{OE : 3

joÌdma amoµOJma {dVaU

ehar l{_H$ J«m_rU l{_H$
38% 15%
58% 29%

47% 13%

AmH$pñ_H$ doVZH$_u {Z`{_V doVZ^moJr H$_©Mmar

ñd{Z`mo{OV

30. _mZd ny±Or Ho$db ñdm{_`m| H$mo bm^ àXmZ H$aVr h¡, g_mO H$mo Zht & {XE JE H$WZ H$m
g_W©Z AWdm I§S>Z H$s{OE & 4

31. / gH$b Kaoby CËnmX H$s {Xem _| ^maV d MrZ

Ho$ joÌdma `moJXmZ H$s VwbZm H$s{OE & 4

/ % (2018 19)

H¥${f 16 7

CÚmoJ 30 41
godmE± 54 52

Hw$b 100 100

32. 1991 H$s Am{W©H$ gwYma à{H«$`m Ho$ Xm¡amZ, ^maV gaH$ma Ûmam àmaå^ {H$E JE {dÎmr` joÌ
go g§~§{YV {H$Ýht Xmo CXmarH$aU Cnm`m| H$s MMm© H$s{OE & 4

58/4/3 24
 (b) Analyse and compare the nature of the workforce distribution in
India as depicted in the diagram given below : 3

Distribution of Employment by Region

Urban Workers Rural Workers
38% 15%
58% 29%

47% 13%

Casual Wage Labourers Regular Salaried Employees

Self-employed

30. Human Capital benefits only the owner and not the society. Defend or
refute the given statement. 4

31.
sectoral contribution towards GVA / GDP. 4

Sectoral Contribution to GVA/GDP (in %) (2018 19)

Sector India China
Agriculture 16 7
Industry 30 41
Services 54 52
Total 100 100

32. Discuss any two liberalisation measures pertaining to the financial

sector, introduced by the Government of India during the economic
reform process of 1991. 4

58/4/3 25 P.T.O.
33. (H$) (i) H¥${f joÌH$ _| bmJy {H$E JE ^y{_ gwYmam| H$s Amdí`H$Vm Am¡a CZHo$ àH$mam|
H$s ì`m»`m H$s{OE & 3

(ii) `moOZm Ad{Y Ho$ Xm¡amZ Am¡Úmo{JH$ {dH$mg _| gmd©O{ZH$ joÌH$ H$mo hr
? ì`m»`m H$s{OE & 3

AWdm
(I) (i) ì`m»`m H$s{OE {H$, gwYma H$mb _| Am¡Úmo{JH$ joÌH$ Ho$ {ZamemOZH$
4

(ii) {Ûnjr` VWm ~hþnjr` ì`mnma _| {d^oX H$s{OE & 2

34. :

gm§gXm| Ûmam Jm±d Ho$ XÎmH$ J«hU

2014 _|, ^maV gaH$ma Zo gm§gX AmXe© J«m_ `moOZm (SAGY) Zm_H$ EH$ ZB©
`moOZm H$s ewéAmV H$s & Bg `moOZm Ho$ A§VJ©V ^maV Ho$ gm§gXm| H$mo EH$ Jm±d H$s nhMmZ
H$aZo Am¡a {dH${gV H$aZo H$s Amdí`H$Vm h¡ & ewê$ H$aZo Ho$ {bE, gm§gX df© 2016 VH$
EH$ _m°S>b Jm±d Ho$ ê$n _| EH$ Jm±d H$mo {dH${gV H$a gH$Vo h¢ Am¡a df© 2019 VH$ Xmo Am¡a
Jm±d {dH${gV H$aZo h¢, ^maV _| 2,500 go A{YH$ Jm±dm| H$mo gpå_{bV H$aZo H$s `moOZm h¡ &
`moOZm Ho$ _wVm{~H$, Jm±d Ho$ _¡XmZr BbmH$m| _| 3,000 5,000
1,000 3,000 V/nËZr H$m
Jm±d Zht hmoZm Mm{hE & gm§gXm| Ûmam EH$ Jm±d Ho$ {dH$mg `moOZm H$s Cå_rX H$a aho h¢ {H$,
do J«m_rUm| H$mo J{V{d{Y`m| H$mo boZo Ho$ {bE ào[aV H$aZo Am¡a ñdmñÏ`, nmofU Am¡a {ejm Ho$
joÌm| _| ~w{Z`mXr T>m±Mo H$m {Z_m©U H$aZo Ho$ {bE ào[aV H$a|Jo &
{XE JE CÕaU d gm_mÝ` g_P Ho$ AmYma na {ZåZ{b{IV àíZm| Ho$ CÎma Xr{OE :

(H$) Eogo {H$Ýht Xmo CÔoí`m| H$m CëboI d MMm© H$s{OE Omo {H$, ^maV gaH$ma gm§gX
AmXe© J«m_ `moOZm (SAGY) Ûmam àmßV H$aZm MmhVr Wr & 4

(I) SAGY `moOZm Ho$ A§VJ©V MwZo JE Jm±dm| Ho$ {bE _mZX§S>m| H$m CëboI
H$s{OE & 2

58/4/3 26
33. (a) (i) Explain the need and types of land reforms implemented in
the agriculture sector. 3

(ii) Why was public sector given a leading role in industrial

development during the planning period ? Explain. 3
OR

(b) (i) Explain the reasons why the industrial sector has performed
poorly in the reform period. 4

(ii) Distinguish between the Bilateral and Multilateral trade. 2

34. Read the following text carefully :

Adoption of Village by Parliamentarians

In October, 2014, the Government of India introduced a new scheme

called Saansad Adarsh Gram Yojana (SAGY). Under this scheme,
Members of India Parliament need to identify and develop one village
from their constituencies. To begin with, MPs can develop one village as a
model village by 2016, and two more by 2019, covering over 2,500 villages
in India. According to the scheme, the village can have a population of
3,000 5,000 in the plains and 1,000 3,000 in the hills and should not
be the MP s own or their spouse village. MPs are expected to facilitate a
village development plan, motivate villagers to take up activities and
build infrastructure in the areas of health, nutrition and education.

On the basis of the given text and common understanding, answer the
following questions :

(a) State and discuss, any two objectives which the Government of
India wanted to achieve through Saansad Adarsh Gram Yojana
. 4

(b) State the yardsticks for selecting villages under the SAGY Scheme. 2

58/4/3 27 P.T.O.