Term 1 Examination Practice Paper – ECONOMICS Class XII
CBSE Class 12 Economics Term 1 Board Exam sample paper 2021, practice this to score full marks
CBSE Term-1 Board Exam 2021: The Central Board of Secondary Education has released sample papers for the upcoming class 10 and 12 Term-1 board exam 2021. As per the schedule, the CBSE class 12 Economics board exam 2021 will be held on December 15, 2021.
General Instructions:
- Read questions carefully.
- Each question has four choices. Select the best answer.
- All the questions in both sections are compulsory.
Test Your Knowledge.
Per Question Time : 6 Minutes
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QUIZ START
#1. If the total deposits created by commercial banks is Rs 10,000 crores and legal reserve requirements is 40%, then number of initial deposits will be___________.
#2. If a balance of trade is showing a deficit of Rs 300 crores and value of exports is Rs 1,200 crores, then the value of imports would be:
#3. When the government wants to strengthen the rupee, it _________ foreign currency and _______ domestic currency.
#4. High powered money consists of:
#5. Read the following case study carefully and answer the question carefully 21-22 on the basis of same. It is the year 1936, Ram is making beautiful handmade items for home decoration. But the British government has imposed strict laws due to which Ram is not being able to sell his goods in the domestic or international market. Answer the following questions with reference to this passage: Question is Decay of handicrafts was due to:
#6. What is the duration of Union Budget?
#7. In India, which of the following organization regulate the health sector?
#8. From the set of statements given in Column I and Column II, choose the correct pair of statements:
#9. The expenditure by the government on education is expressed as:
#10. Which programme has been renamed as Deendayal Antayodaya Yojna?
#11. Read the following case study carefully and answer the question carefully 21-22 on the basis of same. It is the year 1936, Ram is making beautiful handmade items for home decoration. But the British government has imposed strict laws due to which Ram is not being able to sell his goods in the domestic or international market. Answer the following questions with reference to this passage: Question is Foreign demand for the Indian handicrafts was destroyed by:
#12. ____________ poor are the ones who regularly move in and out of poverty.
#13. Deposit Creation by banks comes to an end when:
#14. India entered the ______________ stage of Demographic Transition after the year 1920.
#15. Fees of the government college is a revenue receipt because:
#16. Choose the correct alternative showing chronological order of the following events: 1- World Trade organization, 2- Opening of Suez Canal , 3- State Bank of India 4- PMEGP
#17. The scheme of “Micro Finance “is extended through:
#18. Supply of money refers to _____________.
#19. ‘Abolition of intermediaries’ and ‘Land Ceiling’ are part of:
#20. Read the following statements: Assertion (A) and Reason(R). Choose one of the correct alternatives given below: Assertion(A): Repayment of borrowings is a capital expenditure. Reason(R): Capital expenditure reduces a liability of the government.
#21. Read the following statements: Assertion (A) and Reason(R). Choose one of the correct alternatives given below: Assertion(A): Autonomous transactions are independent of the state of BOP account. Reason(R): Autonomous items are also known as above the line items. Alternatives:
#22. The main aim of monetary policy is _________.
#23. Read the following statements: Assertion (A) and Reason(R). Choose one of the correct alternatives given below: Assertion (A): Every year, government fixes a target for disinvestment of public sector Enterprises (PSEs). Reason(R): Disinvestment is an excellent tool for discarding the loss incurring Public Sector Enterprises (PSEs). Alternatives:
#24. ‘Import of machinery’ is recorded in ___________ account and ‘Borrowings from abroad’ is recorded in the ________ account.
#25. The government budget has a revenue deficit. This gets financed by: a) Borrowing, B) Disinvestment, C) Tax revenue, D) Indirect taxes Choose Two Answers Like a and c or b and d .
#26. Name the state which is held as a success story in the efficient implementation of milk cooperatives.
#27. ___________ refers to poverty of people, in comparison to other people, regions or nations.
#28. What was the share of education in total government expenditure in 2014?
#29. Outsourcing is good for India because:
#30. If amount of initial deposits with commercial banks is Rs 3,000 crore and LRR is 25%, then total deposits created will be:
#31. Under Managed Floating Exchange Rate System, if rupee is getting depreciated fast then RBI:
#32. Which of the following is a non- farm area of employment?
#33. Which economy produces only the consumer goods that can be sold in the domestic or foreign market profitably?
#34. Which of the following industries are reserved for the public sector?
#35. Identify the tax whose burden can be shifted:
#36. In a government budget, revenue deficit is Rs 50,000 crores and borrowings are Rs 75,000 crores. The fiscal deficit will be:
#37. In which year, India adopted High Yielding Varieties programme for the first time.
#38. Which of the following statement is false in the context of industrial sector during British rule?
#39. ____________ involves deregulation and reduction of government controls and greater autonomy of private investment, to make economy more competitive.
#40. How much loan was provided by World Bank and IMF during the nineties to bail India out of the crisis?
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