Class 12 Economics 2023 Board Exam

Read the following statements carefully :
Statement 1 : Primary deposits are the cash deposits by general public with commercial banks.
Statement 2 : Secondary deposits are those deposits which arise on account of credit provided by the commercial banks to the people.
In light of the given statements, choose the correct alternative from the following :
(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.

Read the following statements carefully :
Statement 1 : The induced consumption shows, the direct relation between consumption and income.
Statement 2 : With a certain increase in income, induced consumption also increases.
In the light of the given statements, choose the correct alternative from the following :
(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.

(A) The difference between National Income at market price and National Income at factor cost is ________.
(Choose the correct alternative to fill up the blank)
(a) net indirect taxes
(b) net factor income from abroad
(c) consumption of fixed capital
(d) market price
OR
(B) Identify which of the following represents only the real flow :
(a) Firms -> Goods and Services -> Household -> Factor payments -> Firms
(b) Firms -> Goods and Services -> Household -> Factor services -> Firms
(c) Firms -> Factor payments -> Household -> Consumption Expenditure -> Firms
(d) Firms -> Goods and Services -> Household -> Consumption Expenditure -> Firms

“In the Annual Budget 2022-23, the Government of India set up disinvestment targets of ₹ 65,000 crore”.
Such proceeds from disinvestment can be classified as ______ receipts in the Government Budget as it leads to ______ of the Government.
(Choose the correct alternative)
(a) capital, decrease in assets
(b) revenue, increase in assets
(c) capital, increase in liabilities
(d) revenue, decrease in liabilities

The rate at which commercial banks borrow from the Reserve Bank of India to meet their long term requirements is known as ______________.
(Choose the correct alternative to fill up the blank)
(a) Margin requirement
(b) Bank rate
(c) Repo rate
(d) Reverse repo rate

Read the following statements – Assertion (A) and Reason (R). Choose one of the correct alternatives given below :
Assertion (A) : The Balance of Payments is in surplus, if autonomous receipts are greater than autonomous payments.
Reason (R) : Autonomous transactions are determined by the difference in the Balance of Payments.
Alternatives :
(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.

Read the following statements carefully :
Statement 1 : Borrowings by a nation from the World Bank to finance Balance of Payment (BoP) deficit will be recorded in the capital account.
Statement 2 : Autonomous transactions are independent of the condition of Balance of Payment (BoP) account.
In light of the given statements, choose the correct alternative from the following :
(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.

As per the Reserve Bank of India (RBI) press report, dated 22nd June, 2022 :
“Net Foreign Portfolio Investment (FPI) recorded an outflow of US$15.2 billion mainly from the equity market.”
The above transaction will be recorded in the ______ account on ______ side of Balance of payments account of India. (Choose the correct alternative)
(a) current, credit
(b) current, debit
(c) capital, credit
(d) capital, debit

Read the following news report carefully :
“The central bank has imposed fine on Hisar Urban Cooperative Bank Ltd. and Andaman and Nicobar State Cooperative Bank Ltd. for violation of banking norms.”
According to the given report, identify the function of the central bank.
(a) Issue of currency
(b) Banker to the public
(c) Banker to the Government
(d) Banker’s Bank

Ms. Iqra Ansari, a teacher, was explaining in her class about various types of deposits with the commercial banks. She quoted that –
“These deposits form a part of M1 measure of money supply and are payable on demand by the commercial banks.”
Identify the type of deposits she was explaining about and choose the correct alternative :
(i) Demand Deposits
(ii) Time Deposits
(iii) Post Office Deposits
Alternatives :
(a) Only (i)
(b) Only (ii)
(c) (i) and (ii)
(d) (i), (ii) and (iii)