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 Page 1


    
13-58/3/2  Page 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. 
  Series 
R 3 P Q S / 3
 SET~2 
     
   
 
 
Q.P. Code  
Roll No. 
 
 
 
 
 ZmoQ> / NOTE : 
(i) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &    
 Please check that this question paper contains 27 printed pages. 
(ii) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >34 àíZ h¢ &   
 Please check that this question paper contains 34 questions. 
(iii) 
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| &  
 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. 
(iv) 
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Adí` 
{bI| & 
 Please write down the serial number of the question in the 
answer-book before attempting it.  
(v) 
Bg  àíZ-nÌ  15 {_ZQ >H$m g_` {X`m J`m h¡ &  àíZ-
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-
Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &    
 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. 
 AW©emñÌ  
ECONOMICS   
: 3 : 80 
Time allowed : 3 hours Maximum Marks : 80 
5 8 / 3 / 2
 
Page 2


    
13-58/3/2  Page 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. 
  Series 
R 3 P Q S / 3
 SET~2 
     
   
 
 
Q.P. Code  
Roll No. 
 
 
 
 
 ZmoQ> / NOTE : 
(i) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &    
 Please check that this question paper contains 27 printed pages. 
(ii) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >34 àíZ h¢ &   
 Please check that this question paper contains 34 questions. 
(iii) 
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| &  
 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. 
(iv) 
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Adí` 
{bI| & 
 Please write down the serial number of the question in the 
answer-book before attempting it.  
(v) 
Bg  àíZ-nÌ  15 {_ZQ >H$m g_` {X`m J`m h¡ &  àíZ-
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-
Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &    
 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. 
 AW©emñÌ  
ECONOMICS   
: 3 : 80 
Time allowed : 3 hours Maximum Marks : 80 
5 8 / 3 / 2
 
    
13-58/3/2 Page 2 
: 
: 
(i) 34 
(ii) :
   
(iii) 20 1
(iv) 4 I 3
60 80 
(v) 6 II 4
80 100 
(vi) 4 6
100 150 
(vii) 
(viii) 
(ix) 
IÊS> H$ 
g_{îQ> AW©emñÌ 
1. {H$gr AW©ì`dñWm _| ñ\$s{VH$mar A§Vamb V~ CnpñWV hmoVm h¡, O~ nyU© amoµOJma ñVa na 
_____________ hmo & ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1   
(A) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(B) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(C) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(D) dmñV{dH$ g_J« _m±J = g§^m{dV g_J« _m±J 
2. 19 _B©, 2023 H$mo Omar ^maVr` [aµOd© ~¢H$ (RBI) Ho$ gm§p»`H$s` nyaH$ Ho$ AZwgma :  
 ^maV H$m {dXoer _wÐm ^§S>ma (Ama{jV) bJmVma Vrgao gßVmh _| d¥{Õ_mZ hþAm h¡ VWm `h 
$ 600 Aa~ Ho$ AZw_m{ZV ñVa Ho$ H$ar~ nhþ±M J`m h¡ & 
 Cn¶w©º$ pñW{V ^maV Ho$ ^wJVmZ g§VwbZ ImVo Ho$ _____________ nj _| _____________ 
H$aoJr &                             ([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE)  1 
(A) H«o${S>Q>, d¥{Õ    (B) H«o${S>Q>, H$_r 
(C) S>o{~Q>, H$_r  (D) S>o{~Q>, d¥{Õ 
Page 3


    
13-58/3/2  Page 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. 
  Series 
R 3 P Q S / 3
 SET~2 
     
   
 
 
Q.P. Code  
Roll No. 
 
 
 
 
 ZmoQ> / NOTE : 
(i) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &    
 Please check that this question paper contains 27 printed pages. 
(ii) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >34 àíZ h¢ &   
 Please check that this question paper contains 34 questions. 
(iii) 
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| &  
 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. 
(iv) 
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Adí` 
{bI| & 
 Please write down the serial number of the question in the 
answer-book before attempting it.  
(v) 
Bg  àíZ-nÌ  15 {_ZQ >H$m g_` {X`m J`m h¡ &  àíZ-
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-
Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &    
 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. 
 AW©emñÌ  
ECONOMICS   
: 3 : 80 
Time allowed : 3 hours Maximum Marks : 80 
5 8 / 3 / 2
 
    
13-58/3/2 Page 2 
: 
: 
(i) 34 
(ii) :
   
(iii) 20 1
(iv) 4 I 3
60 80 
(v) 6 II 4
80 100 
(vi) 4 6
100 150 
(vii) 
(viii) 
(ix) 
IÊS> H$ 
g_{îQ> AW©emñÌ 
1. {H$gr AW©ì`dñWm _| ñ\$s{VH$mar A§Vamb V~ CnpñWV hmoVm h¡, O~ nyU© amoµOJma ñVa na 
_____________ hmo & ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1   
(A) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(B) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(C) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(D) dmñV{dH$ g_J« _m±J = g§^m{dV g_J« _m±J 
2. 19 _B©, 2023 H$mo Omar ^maVr` [aµOd© ~¢H$ (RBI) Ho$ gm§p»`H$s` nyaH$ Ho$ AZwgma :  
 ^maV H$m {dXoer _wÐm ^§S>ma (Ama{jV) bJmVma Vrgao gßVmh _| d¥{Õ_mZ hþAm h¡ VWm `h 
$ 600 Aa~ Ho$ AZw_m{ZV ñVa Ho$ H$ar~ nhþ±M J`m h¡ & 
 Cn¶w©º$ pñW{V ^maV Ho$ ^wJVmZ g§VwbZ ImVo Ho$ _____________ nj _| _____________ 
H$aoJr &                             ([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE)  1 
(A) H«o${S>Q>, d¥{Õ    (B) H«o${S>Q>, H$_r 
(C) S>o{~Q>, H$_r  (D) S>o{~Q>, d¥{Õ 
    
13-58/3/2  Page 3 P.T.O.   
General Instructions : 
Read the following instructions carefully and 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 question paper contains 20 Multiple Choice type questions. Each question 
carries 1 mark. 
(iv) This question paper contains 4 Short Answer Type-I questions. Each question 
carries 3 marks. Answer these questions in 60 to 80 words.   
(v) This question paper contains 6 Short Answer Type-II questions. Each question 
carries 4 marks. Answer these questions in 80 to 100 words. 
(vi) This question paper contains 4 Long Answer type questions. Each question 
carries 6 marks. Answer these questions in 100 to 150 words. 
(vii) Attempt all parts of a question together. 
(viii) In addition to this, note that a separate question has been provided for Visually 
Impaired candidates in lieu of questions having visual inputs, map etc. Such 
questions are to be attempted by Visually Impaired candidates only. 
(ix) There is no overall choice in the question paper. However, an internal choice 
has been provided in few questions. Only one of the choices in such questions 
has to be attempted. 
SECTION A 
Macro Economics 
1. Inflationary gap in an economy may exist when _________ at full 
employment level. (Choose the correct alternative to fill in the blank) 1 
(A) Actual Aggregate Demand  Potential Aggregate Demand  
(B) Actual Aggregate Demand  Potential Aggregate Demand  
(C) Actual Aggregate Demand  Potential Aggregate Demand  
(D) Actual Aggregate Demand = Potential Aggregate Demand  
2. According to the Reserve Bank of s ( ) Statistical Supplement 
released on 19
th
 May, 2023 :     
s foreign exchange reserves grew for the third straight week and 
reached near an approximate level of $  
The above situation will _________ the __________ side of Balance of 
Payments account of India.  
                                   (Choose the correct alternative to fill in the blanks)  1 
(A) Increase, Credit (B) Decrease, Credit 
(C) Decrease, Debit (D) Increase, Debit 
Page 4


    
13-58/3/2  Page 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. 
  Series 
R 3 P Q S / 3
 SET~2 
     
   
 
 
Q.P. Code  
Roll No. 
 
 
 
 
 ZmoQ> / NOTE : 
(i) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &    
 Please check that this question paper contains 27 printed pages. 
(ii) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >34 àíZ h¢ &   
 Please check that this question paper contains 34 questions. 
(iii) 
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| &  
 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. 
(iv) 
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Adí` 
{bI| & 
 Please write down the serial number of the question in the 
answer-book before attempting it.  
(v) 
Bg  àíZ-nÌ  15 {_ZQ >H$m g_` {X`m J`m h¡ &  àíZ-
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-
Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &    
 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. 
 AW©emñÌ  
ECONOMICS   
: 3 : 80 
Time allowed : 3 hours Maximum Marks : 80 
5 8 / 3 / 2
 
    
13-58/3/2 Page 2 
: 
: 
(i) 34 
(ii) :
   
(iii) 20 1
(iv) 4 I 3
60 80 
(v) 6 II 4
80 100 
(vi) 4 6
100 150 
(vii) 
(viii) 
(ix) 
IÊS> H$ 
g_{îQ> AW©emñÌ 
1. {H$gr AW©ì`dñWm _| ñ\$s{VH$mar A§Vamb V~ CnpñWV hmoVm h¡, O~ nyU© amoµOJma ñVa na 
_____________ hmo & ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1   
(A) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(B) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(C) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(D) dmñV{dH$ g_J« _m±J = g§^m{dV g_J« _m±J 
2. 19 _B©, 2023 H$mo Omar ^maVr` [aµOd© ~¢H$ (RBI) Ho$ gm§p»`H$s` nyaH$ Ho$ AZwgma :  
 ^maV H$m {dXoer _wÐm ^§S>ma (Ama{jV) bJmVma Vrgao gßVmh _| d¥{Õ_mZ hþAm h¡ VWm `h 
$ 600 Aa~ Ho$ AZw_m{ZV ñVa Ho$ H$ar~ nhþ±M J`m h¡ & 
 Cn¶w©º$ pñW{V ^maV Ho$ ^wJVmZ g§VwbZ ImVo Ho$ _____________ nj _| _____________ 
H$aoJr &                             ([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE)  1 
(A) H«o${S>Q>, d¥{Õ    (B) H«o${S>Q>, H$_r 
(C) S>o{~Q>, H$_r  (D) S>o{~Q>, d¥{Õ 
    
13-58/3/2  Page 3 P.T.O.   
General Instructions : 
Read the following instructions carefully and 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 question paper contains 20 Multiple Choice type questions. Each question 
carries 1 mark. 
(iv) This question paper contains 4 Short Answer Type-I questions. Each question 
carries 3 marks. Answer these questions in 60 to 80 words.   
(v) This question paper contains 6 Short Answer Type-II questions. Each question 
carries 4 marks. Answer these questions in 80 to 100 words. 
(vi) This question paper contains 4 Long Answer type questions. Each question 
carries 6 marks. Answer these questions in 100 to 150 words. 
(vii) Attempt all parts of a question together. 
(viii) In addition to this, note that a separate question has been provided for Visually 
Impaired candidates in lieu of questions having visual inputs, map etc. Such 
questions are to be attempted by Visually Impaired candidates only. 
(ix) There is no overall choice in the question paper. However, an internal choice 
has been provided in few questions. Only one of the choices in such questions 
has to be attempted. 
SECTION A 
Macro Economics 
1. Inflationary gap in an economy may exist when _________ at full 
employment level. (Choose the correct alternative to fill in the blank) 1 
(A) Actual Aggregate Demand  Potential Aggregate Demand  
(B) Actual Aggregate Demand  Potential Aggregate Demand  
(C) Actual Aggregate Demand  Potential Aggregate Demand  
(D) Actual Aggregate Demand = Potential Aggregate Demand  
2. According to the Reserve Bank of s ( ) Statistical Supplement 
released on 19
th
 May, 2023 :     
s foreign exchange reserves grew for the third straight week and 
reached near an approximate level of $  
The above situation will _________ the __________ side of Balance of 
Payments account of India.  
                                   (Choose the correct alternative to fill in the blanks)  1 
(A) Increase, Credit (B) Decrease, Credit 
(C) Decrease, Debit (D) Increase, Debit 
    
13-58/3/2 Page 4 
3. {ZåZ{b{IV H$WZm| H$mo Ü`mZnyd©H$  1 
1 : Ama{jV AZwnmV d gmI {Z_m©U à{H«$`m _| G$UmË_H$ (ì`wËH«$_) g§~§Y hmoVm h¡ & 
2 : {H$gr AW©ì`dñWm H$m Ho$ÝÐr` ~¢H$ gmI {Z_m©U à{H«$`m Ho$ {Z`§ÌU H$m 
_hÎdnyU© H$m`© H$aVm h¡ & 
{XE JE H$WZm| Ho$ AmbmoH$ _|, {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE :  
(A) H$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$WZ 1 Am¡a 2 XmoZm| AgË` h¢ & 
4. g_J« _m±J _| {H$gr ^r àH$ma H$s H$_r H$mo hVmoËgm{hV H$aZo Ho$ {bE ^maV gaH$ma 
_________ _| __________ H$a gH$Vr h¡ &  
                            ([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1  
(A) aonmo Xa, H$_r     
(B) [adg© aonmo Xa, d¥{Õ 
(C) gaH$mar ì``, H$_r   
(D) H$a H$s Xa, H$_r 
5. Xr JB© Vm{bH$m H$mo nyam H$aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE : 1 
(90%) (10%)
I 2000 1800 200 
II ...(i)... ...(ii)... 180 
...   ... ... ... 
... ... ... ... 
Hw$b ...(iii) ... ...(iv) ... 2000 
{dH$ën : 
(A) 2000, 1620, 20000, 18000  
(B) 1800, 180, 2000, 18000 
(C) 1620, 180, 2000, 18000  
(D) 1800, 1620, 20000, 18000 
Page 5


    
13-58/3/2  Page 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. 
  Series 
R 3 P Q S / 3
 SET~2 
     
   
 
 
Q.P. Code  
Roll No. 
 
 
 
 
 ZmoQ> / NOTE : 
(i) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &    
 Please check that this question paper contains 27 printed pages. 
(ii) 
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >34 àíZ h¢ &   
 Please check that this question paper contains 34 questions. 
(iii) 
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| &  
 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. 
(iv) 
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Adí` 
{bI| & 
 Please write down the serial number of the question in the 
answer-book before attempting it.  
(v) 
Bg  àíZ-nÌ  15 {_ZQ >H$m g_` {X`m J`m h¡ &  àíZ-
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-
Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &    
 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. 
 AW©emñÌ  
ECONOMICS   
: 3 : 80 
Time allowed : 3 hours Maximum Marks : 80 
5 8 / 3 / 2
 
    
13-58/3/2 Page 2 
: 
: 
(i) 34 
(ii) :
   
(iii) 20 1
(iv) 4 I 3
60 80 
(v) 6 II 4
80 100 
(vi) 4 6
100 150 
(vii) 
(viii) 
(ix) 
IÊS> H$ 
g_{îQ> AW©emñÌ 
1. {H$gr AW©ì`dñWm _| ñ\$s{VH$mar A§Vamb V~ CnpñWV hmoVm h¡, O~ nyU© amoµOJma ñVa na 
_____________ hmo & ([aº$ ñWmZ ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1   
(A) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(B) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(C) dmñV{dH$ g_J« _m±J  g§^m{dV g_J« _m±J 
(D) dmñV{dH$ g_J« _m±J = g§^m{dV g_J« _m±J 
2. 19 _B©, 2023 H$mo Omar ^maVr` [aµOd© ~¢H$ (RBI) Ho$ gm§p»`H$s` nyaH$ Ho$ AZwgma :  
 ^maV H$m {dXoer _wÐm ^§S>ma (Ama{jV) bJmVma Vrgao gßVmh _| d¥{Õ_mZ hþAm h¡ VWm `h 
$ 600 Aa~ Ho$ AZw_m{ZV ñVa Ho$ H$ar~ nhþ±M J`m h¡ & 
 Cn¶w©º$ pñW{V ^maV Ho$ ^wJVmZ g§VwbZ ImVo Ho$ _____________ nj _| _____________ 
H$aoJr &                             ([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE)  1 
(A) H«o${S>Q>, d¥{Õ    (B) H«o${S>Q>, H$_r 
(C) S>o{~Q>, H$_r  (D) S>o{~Q>, d¥{Õ 
    
13-58/3/2  Page 3 P.T.O.   
General Instructions : 
Read the following instructions carefully and 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 question paper contains 20 Multiple Choice type questions. Each question 
carries 1 mark. 
(iv) This question paper contains 4 Short Answer Type-I questions. Each question 
carries 3 marks. Answer these questions in 60 to 80 words.   
(v) This question paper contains 6 Short Answer Type-II questions. Each question 
carries 4 marks. Answer these questions in 80 to 100 words. 
(vi) This question paper contains 4 Long Answer type questions. Each question 
carries 6 marks. Answer these questions in 100 to 150 words. 
(vii) Attempt all parts of a question together. 
(viii) In addition to this, note that a separate question has been provided for Visually 
Impaired candidates in lieu of questions having visual inputs, map etc. Such 
questions are to be attempted by Visually Impaired candidates only. 
(ix) There is no overall choice in the question paper. However, an internal choice 
has been provided in few questions. Only one of the choices in such questions 
has to be attempted. 
SECTION A 
Macro Economics 
1. Inflationary gap in an economy may exist when _________ at full 
employment level. (Choose the correct alternative to fill in the blank) 1 
(A) Actual Aggregate Demand  Potential Aggregate Demand  
(B) Actual Aggregate Demand  Potential Aggregate Demand  
(C) Actual Aggregate Demand  Potential Aggregate Demand  
(D) Actual Aggregate Demand = Potential Aggregate Demand  
2. According to the Reserve Bank of s ( ) Statistical Supplement 
released on 19
th
 May, 2023 :     
s foreign exchange reserves grew for the third straight week and 
reached near an approximate level of $  
The above situation will _________ the __________ side of Balance of 
Payments account of India.  
                                   (Choose the correct alternative to fill in the blanks)  1 
(A) Increase, Credit (B) Decrease, Credit 
(C) Decrease, Debit (D) Increase, Debit 
    
13-58/3/2 Page 4 
3. {ZåZ{b{IV H$WZm| H$mo Ü`mZnyd©H$  1 
1 : Ama{jV AZwnmV d gmI {Z_m©U à{H«$`m _| G$UmË_H$ (ì`wËH«$_) g§~§Y hmoVm h¡ & 
2 : {H$gr AW©ì`dñWm H$m Ho$ÝÐr` ~¢H$ gmI {Z_m©U à{H«$`m Ho$ {Z`§ÌU H$m 
_hÎdnyU© H$m`© H$aVm h¡ & 
{XE JE H$WZm| Ho$ AmbmoH$ _|, {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE :  
(A) H$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$WZ 1 Am¡a 2 XmoZm| AgË` h¢ & 
4. g_J« _m±J _| {H$gr ^r àH$ma H$s H$_r H$mo hVmoËgm{hV H$aZo Ho$ {bE ^maV gaH$ma 
_________ _| __________ H$a gH$Vr h¡ &  
                            ([aº$ ñWmZm| H$mo ^aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE) 1  
(A) aonmo Xa, H$_r     
(B) [adg© aonmo Xa, d¥{Õ 
(C) gaH$mar ì``, H$_r   
(D) H$a H$s Xa, H$_r 
5. Xr JB© Vm{bH$m H$mo nyam H$aZo Ho$ {bE ghr {dH$ën H$m M`Z H$s{OE : 1 
(90%) (10%)
I 2000 1800 200 
II ...(i)... ...(ii)... 180 
...   ... ... ... 
... ... ... ... 
Hw$b ...(iii) ... ...(iv) ... 2000 
{dH$ën : 
(A) 2000, 1620, 20000, 18000  
(B) 1800, 180, 2000, 18000 
(C) 1620, 180, 2000, 18000  
(D) 1800, 1620, 20000, 18000 
    
13-58/3/2  Page 5 P.T.O.   
3. Read the following statements carefully :  1 
Statement 1 : Reserve ratio and Credit creation process are inversely 
related. 
Statement 2 : Central Bank of an economy performs the vital function of 
controlling the credit creation process. 
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. 
4. In order to discourage any fall in Aggregate Demand, the Government of 
India may _________ the _________.  
                                     (Choose the correct alternative to fill in the blanks)  1 
(A) decrease, repo rate  
(B) increase, reverse repo rate 
(C) decrease, government expenditure  
(D) decrease, tax rate 
5. Choose the correct alternative to complete the given schedule : 1   
Round Deposits Loans 
(90%)
Reserve Ratio 
(10%)
I 2000 1800 200 
II ...(i)... ...(ii)... 180 
...   ... ... ... 
... ... ... ... 
Total ...(iii) ... ...(iv) ... 2000 
Alternatives : 
(A) 2000, 1620, 20000, 18000  
(B) 1800, 180, 2000, 18000 
(C) 1620, 180, 2000, 18000  
(D) 1800, 1620, 20000, 18000 
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1. What are the key concepts of microeconomics?
Ans. Microeconomics focuses on individual economic agents such as consumers, producers, and markets. It deals with issues like supply and demand, pricing of goods and services, consumer behavior, and the allocation of resources.
2. How does macroeconomics differ from microeconomics?
Ans. Macroeconomics studies the economy as a whole, including factors like inflation, unemployment, national income, and economic growth. It looks at the broader picture of the economy, while microeconomics focuses on individual economic agents.
3. What is the importance of studying economics in today's world?
Ans. Economics helps us understand how individuals, businesses, and governments make decisions regarding the allocation of resources. It provides insights into various economic issues like unemployment, inflation, poverty, and inequality, which are crucial in shaping policies and making informed decisions.
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Ans. Economics helps businesses analyze market trends, consumer behavior, and pricing strategies. It provides tools and frameworks for making informed decisions regarding production, marketing, investment, and expansion, ultimately leading to improved performance and profitability.
5. Can economics be applied to real-life situations?
Ans. Yes, economics can be applied to various real-life situations such as budgeting, investing, purchasing decisions, and policy-making. Understanding economic principles can help individuals and organizations navigate complex economic environments and make rational choices.
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