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Class 12 Economics Question Paper Solved (2023) - 7 | Economics Class 12 - Commerce PDF Download

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 Page 1


    
58/3/1 1  P.T.O. 
narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$ 
_wI-n¥ð >na Adí` {bIo§ & 
Candidates must write the Q.P. Code 
on the title page of the answer-book. 
A 
 Series HFG1E/3 
  àíZ-nÌ H$moS>    
   
 
 
Q.P. Code   
amob Z§. 
Roll No. 
 
 
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> 31 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 31 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. 
 
58/3/1
 
SET-1 
* 
Page 2


    
58/3/1 1  P.T.O. 
narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$ 
_wI-n¥ð >na Adí` {bIo§ & 
Candidates must write the Q.P. Code 
on the title page of the answer-book. 
A 
 Series HFG1E/3 
  àíZ-nÌ H$moS>    
   
 
 
Q.P. Code   
amob Z§. 
Roll No. 
 
 
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> 31 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 31 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. 
 
58/3/1
 
SET-1 
* 
    
58/3/1 2 
: 
: 
(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. {ZåZ{b{IV : 
 1 : ~MV \$bZ Cn^moJ \$bZ go ì`wËnÞ (derive) {H$`m Om gH$Vm h¡ &  
2 : Cn^moJ dH«$ gX¡d _yb {~ÝXþ go àmaå^ hmoZm Mm{hE &   
{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¢ & 
Page 3


    
58/3/1 1  P.T.O. 
narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$ 
_wI-n¥ð >na Adí` {bIo§ & 
Candidates must write the Q.P. Code 
on the title page of the answer-book. 
A 
 Series HFG1E/3 
  àíZ-nÌ H$moS>    
   
 
 
Q.P. Code   
amob Z§. 
Roll No. 
 
 
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> 31 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 31 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. 
 
58/3/1
 
SET-1 
* 
    
58/3/1 2 
: 
: 
(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. {ZåZ{b{IV : 
 1 : ~MV \$bZ Cn^moJ \$bZ go ì`wËnÞ (derive) {H$`m Om gH$Vm h¡ &  
2 : Cn^moJ dH«$ gX¡d _yb {~ÝXþ go àmaå^ hmoZm Mm{hE &   
{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¢ & 
    
58/3/1 3  P.T.O. 
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. Read the following statements carefully :  
 Statement 1 : Savings function can be derived from Consumption 
function.  
Statement 2 : Consumption curve must always start from the point of 
origin. 
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.  
Page 4


    
58/3/1 1  P.T.O. 
narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$ 
_wI-n¥ð >na Adí` {bIo§ & 
Candidates must write the Q.P. Code 
on the title page of the answer-book. 
A 
 Series HFG1E/3 
  àíZ-nÌ H$moS>    
   
 
 
Q.P. Code   
amob Z§. 
Roll No. 
 
 
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> 31 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 31 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. 
 
58/3/1
 
SET-1 
* 
    
58/3/1 2 
: 
: 
(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. {ZåZ{b{IV : 
 1 : ~MV \$bZ Cn^moJ \$bZ go ì`wËnÞ (derive) {H$`m Om gH$Vm h¡ &  
2 : Cn^moJ dH«$ gX¡d _yb {~ÝXþ go àmaå^ hmoZm Mm{hE &   
{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¢ & 
    
58/3/1 3  P.T.O. 
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. Read the following statements carefully :  
 Statement 1 : Savings function can be derived from Consumption 
function.  
Statement 2 : Consumption curve must always start from the point of 
origin. 
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.  
    
58/3/1 4 
2. AÝ` H$maUm| Ho$ An[ad{V©V ahZo na, `{X A§Vam©
h¡, Vmo `h ___________ H$a gH$Vm h¡ &  
                                       ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1   
(a) ì`mnma KmQ>o _| d¥{Õ >  $   
(b) ì`mnma KmQ>o _| H$_r $  
(c) ì`mnma KmQ>o _| H$moB© n[adV©Z Zht > 
(d) {dXoer _wÐm ^§S>ma _| H$moB© n[adV©Z Zht >> 
3. nhMmZ H$a| {H$, {ZåZ{b{IV _| go H$m¡Z-gm, ^maVr` [aµOd© ~¢H$ H$m EH$ H$m`©  h¡ & 
                                                                             (ghr {dH$ën H$m M`Z H$s{OE)   1 
(a) _wÐm Amny{V© {Z`§ÌH$     
(b) dm{UpÁ`H$ ~¢H$m| H$mo G$U àXmVm   
(c) gaH$ma H$m dm{f©H$ ~OQ> ~ZmZo dmbr _w»` EO|gr   
(d) H$a|gr H$s {ZJ©VH$Vm© / OmarH$Vm©  >  
4. {ZåZ{b{IV H$WZm| H$mo Ü`mZnyd©H$ : 
 1 : Xþ~B© go ñdU© Am`mV, ^maVr` ^wJVmZ g§VwbZ Ho$ Mmby ImVo Ho$ S>o{~Q> nj _| 
XO© {H$`m OmEJm &   
2 : ^maVr` eo`a ~mµOmam| go {dXoer g§ñWmJV {Zdoe (FII) H$m ~{hdm©h (outflow) 
ny±Or ImVo Ho$ H«o${S>Q> nj _| XO© {H$`m OmEJm &    
{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¢ & 
Page 5


    
58/3/1 1  P.T.O. 
narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$ 
_wI-n¥ð >na Adí` {bIo§ & 
Candidates must write the Q.P. Code 
on the title page of the answer-book. 
A 
 Series HFG1E/3 
  àíZ-nÌ H$moS>    
   
 
 
Q.P. Code   
amob Z§. 
Roll No. 
 
 
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> 31 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 31 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. 
 
58/3/1
 
SET-1 
* 
    
58/3/1 2 
: 
: 
(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. {ZåZ{b{IV : 
 1 : ~MV \$bZ Cn^moJ \$bZ go ì`wËnÞ (derive) {H$`m Om gH$Vm h¡ &  
2 : Cn^moJ dH«$ gX¡d _yb {~ÝXþ go àmaå^ hmoZm Mm{hE &   
{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¢ & 
    
58/3/1 3  P.T.O. 
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. Read the following statements carefully :  
 Statement 1 : Savings function can be derived from Consumption 
function.  
Statement 2 : Consumption curve must always start from the point of 
origin. 
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.  
    
58/3/1 4 
2. AÝ` H$maUm| Ho$ An[ad{V©V ahZo na, `{X A§Vam©
h¡, Vmo `h ___________ H$a gH$Vm h¡ &  
                                       ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1   
(a) ì`mnma KmQ>o _| d¥{Õ >  $   
(b) ì`mnma KmQ>o _| H$_r $  
(c) ì`mnma KmQ>o _| H$moB© n[adV©Z Zht > 
(d) {dXoer _wÐm ^§S>ma _| H$moB© n[adV©Z Zht >> 
3. nhMmZ H$a| {H$, {ZåZ{b{IV _| go H$m¡Z-gm, ^maVr` [aµOd© ~¢H$ H$m EH$ H$m`©  h¡ & 
                                                                             (ghr {dH$ën H$m M`Z H$s{OE)   1 
(a) _wÐm Amny{V© {Z`§ÌH$     
(b) dm{UpÁ`H$ ~¢H$m| H$mo G$U àXmVm   
(c) gaH$ma H$m dm{f©H$ ~OQ> ~ZmZo dmbr _w»` EO|gr   
(d) H$a|gr H$s {ZJ©VH$Vm© / OmarH$Vm©  >  
4. {ZåZ{b{IV H$WZm| H$mo Ü`mZnyd©H$ : 
 1 : Xþ~B© go ñdU© Am`mV, ^maVr` ^wJVmZ g§VwbZ Ho$ Mmby ImVo Ho$ S>o{~Q> nj _| 
XO© {H$`m OmEJm &   
2 : ^maVr` eo`a ~mµOmam| go {dXoer g§ñWmJV {Zdoe (FII) H$m ~{hdm©h (outflow) 
ny±Or ImVo Ho$ H«o${S>Q> nj _| XO© {H$`m OmEJm &    
{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¢ & 
    
58/3/1 5  P.T.O. 
2. Keeping other factors constant, if the price of crude oil falls in the 
international market, it may lead to ___________.  
                                       (Choose the correct alternative to fill up the blank) 1 
(a) increase in trade deficit  
(b) decrease in trade deficit 
(c) no change in trade deficit  
(d) no change in the foreign exchange reserves 
3. Identify, which of the following is not a function of the Reserve Bank of 
India.                                                            (Choose the correct alternative) 1 
(a) Controller of money supply  
(b) Credit provider to commercial banks 
(c) Central agency preparing the annual budget of the Government  
(d) Issuer of currency 
4. Read the following statements carefully :   
 Statement 1 : Import of gold from Dubai will be recorded on the debit 
side of the current account in Balance of Payments of 
India.  
Statement 2 : Outflow of Foreign Institutional Investment (FII) from 
Indian stock markets will be recorded on the credit side of 
the capital 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. 
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FAQs on Class 12 Economics Question Paper Solved (2023) - 7 - Economics Class 12 - Commerce

1. What are the factors affecting the demand for agricultural products?
Ans. The factors affecting the demand for agricultural products include population growth, income levels, consumer preferences, government policies, and changes in the prices of substitutes and complements.
2. How does technological advancement impact the production and supply of agricultural goods?
Ans. Technological advancement in agriculture can lead to increased productivity, lower production costs, improved quality of goods, and expanded market access. This can result in an increase in the supply of agricultural products.
3. What role do government subsidies play in the agricultural sector?
Ans. Government subsidies in the agricultural sector can provide financial support to farmers, encourage production, stabilize prices, promote exports, and ensure food security. However, they can also lead to market distortions and inefficiencies.
4. How do global trade agreements affect the agricultural industry?
Ans. Global trade agreements can impact the agricultural industry by opening up new markets, increasing competition, lowering tariffs, and promoting specialization. However, they can also lead to challenges such as unfair competition and market volatility.
5. What are the challenges faced by small-scale farmers in the agricultural sector?
Ans. Small-scale farmers in the agricultural sector often face challenges such as limited access to resources, lack of market information, price volatility, climate change impacts, and inadequate infrastructure. Addressing these challenges is crucial for their sustainable growth and development.
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