CBSE Class 12 2025 Economics 58-4-2 Question Paper Set-2: Download Solutions with Answer Key

CBSE CLASS XII Questions

• 1.

  Read the following text carefully: 
  Union Food and Consumer Affairs Minister said that the Central Government has taken many proactive steps in the past few years to control retail prices of food items. He said that the government aims to keep inflation under control without compromising the country’s economic growth. Retail inflation inched up to a three-month high of 5.55% in November 2023 driven by higher food prices. Inflation has been declining since August 2023, when it touched 6.83%. 140 new price monitoring centres had been set up by the Central Government to keep a close watch on wholesale and retail prices of essential commodities. The Government has banned the export of many food items like wheat, broken rice, non-basmati white rice, onions etc. It has also reduced import duties on edible oils and pulses to boost domestic supply and control price rise. On the basis of the given text and common understanding, 
  answer the following questions:

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• 2.

  Giving valid reasons, state whether the following statements are true or false.
  There was growth in agricultural sector due to expansion of aggregate area under cultivation, during the colonial era.
  The objective of World Trade Organisation (WTO) is to establish a rule based regime, in the world trade.
  Economic growth with regional disparity was the main goal of planning in India.

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• 3.

  "In the mountainous regions, mini-hydel plants prove to be cost effective as well as eco-friendly."
  Justify above statement with valid arguments.

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• 4.

  "Small-Scale Industries require a shield against large-scale industries."

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• 5.

  Define Carrying Capacity.

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• 6.

  Calculate the value of Net Value Added at Factor Cost (NVAFC):

  S. No.	Particulars	Amount (In ₹ crore)
  (i)	Operating Surplus	3,740
  (ii)	Increase in unsold stock	600
  (iii)	Sales	10,625
  (iv)	Purchase of raw materials	2,625
  (v)	Consumption of fixed capital	500
  (vi)	Subsidies	400
  (vii)	Indirect taxes	1,200

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