MBSE HSSLC Sample Question Paper Economics

Total number of printed pages – 3 HSS/019

ECONOMICS
SAMPLE QUESTION PAPER
FULL MARKS – 80
TIME – 3 Hours

General Instructions :

(i) All questions are compulsory.

(ii) Marks allotted to each question are indicated against it.

(iii) Please write down the serial number of the question before attempting it.

SECTION –A

MACRO ECONOMICS (40 marks)

1. State whether the following statements are True or False: 4×1=4
(a) There is no aggregation in micro economics.
(b) Transfer payments are the incomes received by the households for rendering their services
to the producers.
(c) MPC is generally less than unity and greater than zero.
(d) Margin Requirement is raised by the Central Bank with a view to stimulate money supply.

2. Fill in the blanks with the correct options from the answers given: 4×1=4
(a) The ________ School of Thought advocated for a free economy. (Classical/Keynesian)
(b) Gross Income is estimated ________ of depreciation. (inclusive/exclusive)
(c) ________ refers to 'actual saving’ in the economy during the period of one year.
(Ex-ante Saving/Ex-post saving)
(d) _______ refers to money by order/authority of the government. (Fiduciary Money/Fiat
Money)
3. What is meant by normal residents of a country? 2
4. What is the relation between gross domestic product at market price and net domestic product
at market price? 2
5. What is meant by investment multiplier? Give the formula of multiplier. 2
6. How do changes in taxes affect the availability of credit? Explain. 2
7. Explain why saving is treated as a leakage in a circular flow model. 4
8. (a) Explain any four primary and secondary functions of money. 4
OR
(b) How are the commercial banks different from the central bank of a country? 4
9. Explain the various objectives of government budget. 4
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10. Given the following data and using income method calculate: 6
(a)Net Domestic Income (b) Gross Domestic Income

(c)Net National Income (d) Net National Product at Market Price

Items ( ` in crore)

i. Indirect taxes 8,000
ii. Subsidies 1,650
iii. Depreciation 1,500
iv. Mixed income of self-employed 18,000
v. Operating surplus 7,000
vi. Net factor income from abroad (-)400
vii. Compensation of employees 15,000

11. (a) Explain 'saving function’ with the help of a diagram. 6
OR

(b) Explain the theory of determination of equilibrium level of output and income with the
help of aggregate demand and aggregate supply curve. 6

SECTION -B

INDIAN ECONOMIC DEVELOPMENT (40 marks)

12. State whether the following statements are True or False: 4×1=4
(a) Economic development is concerned both with income and structural changes.
(b) Capitalism is the framework of planning in India.
(c) Global exposure to the economy has been far more wider in China than in India.
(d) If liberty indicators are accounted, India’s HDI rank will improve compared with China.
13. Fill in the blanks with the correct answer from the options given: 4×1=4
(a) Organic farming focuses on maintaining ________ . (plant health/soil health)
(b) The economy of India is now relying more on________ sector. (tertiary/secondary)
(c) ________ per capita income is calculated by assuming that price remains constant.
(Monetary/Real)
(d) The objective of economic planning is to achieve ____________income.
(equal/equitable)
14. Explain 'exploitative agrarian relations'. 2
15. How is rising population a problem in the process of human capital formation? 2
HSS/19
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16. What is meant by import substitution? 2
17. What is the difference between relative poverty and absolute poverty? 2
18. (a)What are the main land reforms undertaken in India? 4
OR
(b)Briefly explain the bad impact of Inward Trade Strategy on the domestic industry. 4
19. State the four main achievements of economic planning in India. 4
20. Analyse the social consequences of unemployment. 4
21. (a) What are the possible strategies for achieving sustainable development? 6
OR
(b)What steps have been initiated by the government to improve agricultural market system
in India? 6
22. Highlight the negative impact of LPG policies. 6

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