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16 views

Holiday HW

Hw

Uploaded by

prithveeshnair2304
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PM SHRI KENDRIYA VIDYALAYA ADOOR, SHIFT II

HOLIDAY HOMEWORK
CLASS: XII B
SUB: ECONOMICS

1. Read the following statements carefully:


Statement 1: Jobless growth has been a significant challenge
in the Indian economy in recent years.
Statement 2: Despite witnessing economic growth, the Indian
economy has been struggling to create sufficient employment
opportunities to absorb the growing workforce.
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
2. Read the following statements carefully:
Statement 1: The level of consumption has a direct impact on the amount
of savings the households can accumulate over time.
Statement 2: Higher consumption often lead to lower savings, while lower
consumption tend to facilitate higher levels of savings.
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.
3. Read the following statements carefully:
Statement 1: Aggregate demand is the sum total of consumption and
investment expenditures.
Statement 2: Total consumption consists of an autonomous component
and an induced component.
Choose the correct option based on the above statements.
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. There are two statements given below, marked as Statement (1) and
Statement (2). Read the statements and choose the correct option.
Statement (1): The Balance of Payments is a key economic indicator of a
country’s economic well-being.
Statement (2): It is a summary of all economic transactions of a country
and the rest of the world in a given financial year.
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
5. The money exchanged in which of the following situations will not be
considered as Invisible items under the Balance of Payments?
A. An Indian flying to the US for his medical treatment.
B. Oil India Limited (OIL) purchasing crude oil from Iraq.
C. The Indian diaspora remitting money to their families at home
D. Tata consultancy services (TCS) providing cloud consulting to
African nations.
6. Identify the situation that can be certainly deduced from a "capital and
current account equilibrium"?
A. The current account deficit is financed by the selling of foreign
exchanges.
B. There is an inverse relationship between the current and the
capital account.
C. The capital account has to be equal to the current account to
achieve equilibrium.
D. The country is running into an economic deficit and requires
borrowing from foreign reserves.
7. Due to increasing expenses related to energy and ecological
considerations, a country chose to make significant investments in
domestic renewable energy technologies instead of bringing in traditional
energy sources from abroad. What favorable outcomes can be anticipated
from this strategy of substituting imports?
I: lower energy costs for consumers due to subsidised imports
II: promotion of domestic green energy sector through targeted
investments
III: enhanced self-sufficiency in energy production and greater
sustainability
IV: increased dependence on foreign technology for renewable
energy implementation
Alternatives: a) I and II b) II and III c) III and IV d) IV and I

8. Kavitha, a farmer in rural India, is a recipient of a government scheme


named __________. This scheme helps her set up a bank account and
provides insurance, overdraft and other social security benefits.
A. Sansad Adarsh Gram Yojana B. Jan-Dhan Yojana C. Kudumbashree D.
NABARD

9 . Study the table given below which has information about two firms of
an economy.
Wages (in ₹) Profits (in ₹) Interest (in Rent (in ₹)
₹)
Firm A 50 150 100 100
Firm B 90 210 100 100
Further, it should be noted that
1. Net Factor Income from Abroad is (-) ₹ 20
2. Employee's contribution to the Social Security Fund by Firm A and Firm
B is ₹ 5 and ₹ 10 respectively
Calculate the National Income.
10.a) When does a Current Account Surplus situation arise?
b) Discuss its significance in an economy.
11.Venture capital refers to the funding provided by investors to small or
start-up businesses with strong potential for growth. In light of the above
statement, how does the process of devaluation of a currency affect
Foreign Direct Investment or Portfolio investment?
12. ‘During the last few years’ initiatives such as Jan Dhan Yojna, Aadhar-
enabled payment systems, e-Wallets, National Financial Switch (NFS) and
others have strengthened the government's resolve to go cashless.’
Source: NCERT
Elaborate on how such initiatives may have affected the Indian economy.
13. Given below are some statistics related to India, China and Pakistan.
Countr Population Fertility rate Urbanisation
y (millions) (%)
India 1352 2.2 34
China 1393 1.7 59
Pakista 212 3.6 37
n
Compare and contrast China's demographic statistics with its neighbours.
14.
15. On the basis of the given data

a) Identify one income indicator and one health indicator.


b)Compare India and China on the basis of the two indicators identified
above in part ( b)

19. 'Kudumbashree' is a woman-oriented community-based poverty


reduction programme being implemented in Kerala. In 1995, a thrift and
credit society was started as a small savings bank for poor women with
the objective to encourage savings. The thrift and credit society mobilised
₹1 crore as thrift savings. These societies have been acclaimed as the
largest informal banks in Asia in terms of participation and savings
mobilised.
Source: www.kudumbashree.com, NCERT
Based on this passage,
a) Discuss the role of Self-Help Groups (SHGs) in meeting the credit
requirements of the poor.
b) List some of the drawbacks of such micro-credit programmes.

20. Read the following passage on the causes of the environmental crisis
and answer the questions that follow:
The world is facing an unprecedented environmental crisis characterized
by various interconnected challenges. Several factors have contributed to
this alarming situation, threatening the delicate balance of ecosystems
and the well-being of both humans and wildlife. One of the primary causes
of the environmental crisis is the rapid growth of human population. The
increasing demand for resources, food and energy has led to extensive
deforestation, habitat destruction and overconsumption of natural
resources. Industrialization and modernization have played a significant
role in exacerbating the environmental crisis. The reliance on fossil fuels
and the emission of greenhouse gases have resulted in global warming
and climate change, leading to extreme weather events, rising sea levels
and disruptions in natural cycles. The unchecked discharge of pollutants
and waste from industries has further contaminated air, water and soil,
endangering human health and biodiversity. Another critical factor
contributing to the environmental crisis is the expansion of agriculture
and urbanization. The conversion of forests and natural habitats into
agricultural lands and urban areas has led to the loss of biodiversity and
fragmentation of ecosystems. This has disrupted the natural habitats of
numerous species, leading to the extinction of many plants and animal
species. Moreover, human activities such as irresponsible waste
management and improper disposal of plastics have resulted in the
accumulation of plastic waste in oceans and landfills, causing harm to
marine life and contaminating the environment. The excessive use of
chemical fertilizers and pesticides in agriculture has also led to soil
degradation, water pollution and loss of biodiversity. The environmental
crisis is a complex issue with various interconnected causes. The rapid
growth of human population, industrialization, urbanization, and
irresponsible waste management practices are some of the major
contributors to this crisis. Addressing these causes requires a collective
effort from governments, industries and individuals to adopt sustainable
practices and promote environmental conservation.
Source from: National Institutes of Health, Mongabay, UNFCCC,
Intergovernmental Panel on Climate Change

On the basis of the given text and common understanding, answer the
following question:
(i). Elucidate the primary causes of the environmental crisis described in
the passage.
(ii). Discuss the connection between industrialization and the ongoing
environmental crisis.
(iii). Explain the impact of agriculture and urbanization on the
environment.

NOTE: WRITE IN THE EXAM NOTEBOOK AND SUBMIT ON


21.10.2023

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