CBSE Class 12 Economics Board Question Paper 2020 (Delhi Set-1)
This is the CBSE Class 12 Economics Board Question Paper from the 2020 Delhi Set-1 examination. The paper is divided into two sections, A and B, and all questions are compulsory. It features a mix of question types: very short-answer questions (1 mark each) for questions 1-10 and 18-27, short-answer questions (3 marks each) for 11-12 and 28-29, short-answer questions (4 marks each) for 13-15 and 30-32, and long-answer questions (6 marks each) for 16-17 and 33-34. Word limits are provided for different question types, ranging from one word/sentence to 100-150 words. While there is no overall choice, internal choices are available in two questions of each mark category (1, 3, 4, and 6 marks). Solving this previous year's paper is crucial for students to understand the exam pattern, question difficulty, and time management strategies, ultimately aiding in better preparation and performance.
Quick info
| Board | CBSE |
|---|---|
| Class | 12 |
| Subject | Economics |
| Session | 2020 |
| Language | English |
| Type | Previous Year Question Paper |
| Exam type | Board Exam |
Paper pattern
The question paper comprises two sections, A and B, with questions ranging from 1 to 6 marks. Internal choices are provided in some questions across different mark categories.
Topics covered
Paper topics
- Credit availability
- Fiscal deficit
- Stock variable
- Factor payment
- Underemployment equilibrium
Important topics
- Central Bank's role in credit control
- Components of fiscal deficit
- Distinction between stock and flow variables
- Factor payments vs. transfer payments
- Characteristics of underemployment equilibrium
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Question paper text
Economics Delhi (Set 1)
General Instructions:
Read the following instructions very carefully and strictly follow them:
- Question paper comprises two Sections – A and B. All questions are compulsory.
- Question number 1 – 10 and 18 – 27 are very short-answer questions carrying 1 mark each. They are required to be answered in one word or one sentence each.
- Question number 11 – 12 and 28 – 29 are short-answer questions carrying 3 marks each. Answer to them should not normally exceed 60 – 80 words each.
- Question number 13 – 15 and 30 – 32 are also short-answer questions carrying 4 marks each. Answers to them should not normally exceed 80 – 100 words each.
- Question number 16 – 17 and 33 – 34 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 - 150 words each.
- Answer should be brief and to the point also the above word limit be adhered to as far as possible.
- There is no overall choice. However, an internal choice has been provided
in 2 questions of one mark, 2 questions of three marks, 2 questions of four marks and 2 questions of six marks. Only one of the choices in such questions have to be attempted.
- In addition to this, separate instructions are given with each section and question, wherever necessary.
Question 1
To reduce credit availability in the economy, the Centrla Bank may ______.
(Choose the correct alternative)
- buy securities in the open market.
- sell securities in the open market.
- reduce reserve ratio.
- reduce repo rate.
Solution:
To reduce credit availability in the economy, the Central Bank may sell securities in the open market.
Hence, the correct answer is option B.
Question 2
deficit includes interest payment by the Government on the past loans. (Fill up the blanks with correct answer.
Solution:
Fiscal deficit includes interest payment by the Government on the past loans.
Question 3
State, whether the following statement is true or false: 'Inventory is a stock variable.'
Solution:
True, 'Inventory is a stock variable' as it is measured at a particular time and not over a time period.
Question 4
Which of the following is not a 'factor payment?
(Choose the correct alternative)
- Free uniform to defence personnel.
- Salaries to the Members of Parliament.
- Rent paid to the owner of a building.
- Scholarship given to the students.
Solution:
Scholarship given to students is not a factor payment. It is a transfer payment. Hence, the correct answer is option D.
Question 5
In case of an underemployment equilibrium, which of the following alternative is not true?
(Choose the correct alternative)
- Aggregate demand is equal to Aggregate supply.
- There exist excess production capacity in the economy.
- Resources are not fully and efficiently utilised.
- Resources are fully and efficiently utilised.
Solution:
Frequently asked questions
What is this document?
This document is the CBSE Class 12 Economics Previous Year Board Question Paper from the 2020 Delhi Set-1 examination.
What is the structure of the Economics 2020 paper?
The paper has two sections (A and B) and includes very short-answer (1 mark), short-answer (3 and 4 marks), and long-answer (6 marks) questions, with specified word limits and internal choices.
How can solving this previous year paper help students?
Solving this previous year question paper helps students understand the board's exam pattern, question types, marking scheme, and time management, leading to improved performance.
What is the total mark distribution mentioned in the paper?
The paper includes questions carrying 1, 3, 4, and 6 marks, with specific question number ranges for each category.
Are there any choices available in the questions?
Yes, while there is no overall choice, internal choices are provided in two questions of each mark category (1, 3, 4, and 6 marks).
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