Class XII Economic Human Capital Formation Test Paper Part I - 2021 ARQ, CASE STUDY , MCQ
Email *
CASE STUDY -1 The first ever Human Development Report (2001) of India has been released. It focuses on the vital-facts related to bureaucratic controls and poor governance of the country. The report was prepared by the planning Commission under the guidance of its Deputy Chairman, Mr. K.C. Pant. This 297-page document was released on April 23, 2002 and submitted to the Prime Minister. The report states that from 1983 to 1993-94, the Human Development Index (HDI) improved by nearly 2.6 per cent annum and by over 3 per annum during the period 1993-2001. Rural and urban areas have shown signs of improvement,according to the report. Kerala, Punjab, Tamil Nadu, Maharashtra and Haryana have good HDIs. But states like Bihar, Uttar Pradesh, Mandhya Pradesh, Rajasthan and Orissa have HDIs close to nearlyone-half to that to Kerala. Funds must be distributed efficiently and effectively so that human development processes do not suffer according to the report. India’s growth in terms of HDI has shown dismal trends during the recent past. Lack ofresources, communal feelings and illiteracy are the chief causes of decay of the average Indian. Further, politicians, bureaucrats and other elements of the administration exploit the masses, executives, and business houses. The economic and political systems needserious transformations. The socio-cultural fabric of the nation cannot be weaved againbecause of religious compulsions. Ironically, we believe in religion so that our passage into the next world could be smooth and sans agonies. But we are least worried about ourcourses of action (and their outcomes) in this world. Religion often forces us to dominate other communities and sects. We attack them at opportune moments and face reprisals from them. This vicious cycle has been going on in India for the past 3,000 years.In order todevelop the quality of life of Indians, the administration must become honest, efficient, productive and agile. Plant workers must increase productivity and eschew violence and strikes. Businessmen must conduct their business operations with honesty; they never do so. Further,political parties must guide the electorate and also, the masses towards prosperity and not chaos. Our psyche has to be changed; a change of government cannot lead us to a new era sans corruption and poor governance. Economic growth is linked to social growth, moral awareness, health and education. Every industrialist must work for the benefit of his or her nation. We have least interest in our nation and that is why, we are not receiving anything from her.The targeted rate of growth (of GDP) for the Tenth Plan is 8 per cent. However, the GDP growth rate during the Ninth Plan was a meagre 5.4 per cent. During the Eighth Plan, this rate was 6.7 per cent. How can we ensure consistent human development on a national scale if our results always fall short of targets. Our economy should grow at the rate of 7-8 percent. During 2001-02, it grew at the rate of 5.4 percent. 1. Which state is lag in good HDI according to this report. *
1 point
2. When was fist report on HRD was published. *
1 point
3. What was the target for GDP Growth during 10th five year plan ? *
1 point
4. Which is not related with human capital formation. *
1 point
5. India’s HDI rank was too low because of *
1 point
CASE STUDY -2 Read the passage carefully and answer the questions that follows The objectives of public finance are to ensure macroeconomic stability, achieve the desired state of distribution, provide public services to accelerate growth and development. Fiscal policy has both macro and micro economic aspects. Further, the objectives include allocating resources for the provision of public services. The important point is that ensuring security and protection of property rights is a basic public good and this can be provided only by the government. The governments have the task of distributing incomes and alleviating poverty. After the Great Depression and influenced by Keynesian economics, public spending was assigned a central role. Thus, the role of public finance is inextricably linked to the role of the state. From merely ensuring safety, security and property rights, governments have expanded their activities to providing a variety of public services with externalities. The expansion has been a subject matter of debate. Musgrave considers that the expansion of the public sector has been a necessary and constructive development and strong public sector is needed along with the capitalist market. In contrast, Buchanan argues that dispute arises when the stateexpands to areas beyond the realm of boundaries of the protective state into a productive or tax-transfer state.In India, state intervention through public finance policy has to play an important role besides ensuring the safety and security of people and their property rights. These include the need to overcome large social and physical infrastructure deficit, provide correctives to missing and imperfect markets, introduce measures to reduce acute inequalities and poverty and provide correctives to widespread information asymmetry. Interventions are needed alsoto provide externalities in terms of market development, irrigation, storage and price support in agriculture to deal with market imperfections and supply volatility. Similarly, generalized externalities have to be ensured for the manufacturing and service sectors through competitive levels of infrastructure. India's public finance policies have enabled the government to play a catalytic role in the development of the economy as a whole. In additionover the years, there has been a significant increase in transfers from the government such as for employment guarantee and food security, national housing scheme, Swachchh Bharat Abhiyan, Ujjawala Yojana, Pradhan Mantri Kisan Samman Nidhi, periodic loan waives, etc. 1. Which one of the following statements is correct? A. The expansion of the public sector has been a necessary and constructive development and a strong public sector is needed along with the capitalist market B. There are several reasons for the state to embrace a much larger role C. In India, state intervention through public finance policy has to play an important role D. Keynesian economics states that the state has to ensure full employment Choose the correct answer from the options given below: *
1 point
2. The statement, "Dispute arises when the state expands to areas beyond the realm of boundaries of the protective state into a productive or tax-transfer state", was given by *
1 point
3. Which one of the following objectives of public finance is NOT correct? *
1 point
4. The externalities of the government intervention in the economy can be found in terms of A. Market development B. Money supply C. Storage and price support in agriculture D. Irrigation Choose the correct answer from the options given below: *
1 point
5. Which one of the following does NOT fall in the category of government transfers? *
1 point
CASE STUDY-3 Read the passage carefully and answer the questions that follows There is considerable evidence that some consumers are willing to pay more for greengoods. To produce green goods we need not to use skill and human resources. Green goods are goods that are manufactured in an environmentally friendly way (e.g. wood products from sustainable forests, electricity produced from wind power) without a direct impact on a consumer. These are referred to as impure Public goods - a package of Private good and Public good. Why consumers are willing to pay more for these goods is complex. Whatever the reason, it is clear some consumers are willing to pay for green actions that do not benefit them directly. One example of green goods is 'green electricity'. Green power is simply electricity produced using renewable sources of energy. Of course, electricity itself is completely indistinguishable from non-green electricity. There are two ways in which consumers may buy green electricity; either by buying it directly or by contributing to the cost of building green electricity capacity. Consumers are clearly willingto spend more for green electricity and their preference for green production is indicated by the recent rise in popularity of retail carbon offsets. Offsets of emissions have long been used by firms to buy and sell the obligation to reduce emissions. In the USA, new emitters setting up a business in an urban area have to 'offset' their emission additions by finding (and paying) existing firms to reduce their emissions. In recent years, firms have used offsets to effectively reduce their emissions in order to provide a green image, particularly in the case of carbon emissions. The purchase of offsets by consumers is different when consumers buy offsets. They are making a purely voluntary contribution to the environment. Retail offsets are a way in which consumers can produce a green product from a brown product. For example, one can make his part of the flight carbon neutral by paying someone else to reduce his or her carbon emission. This is formalized in an offset market whereby sellers of offsets reduce emissions and then sell these 'reductions'. 1. Green Electricity means *
1 point
2. Impure Public goods are *
1 point
3. Offset of emissions are used a) To reduce emissions b) To provide green image c) For emission addition d) To satisfy consumer preferences Choose the correct answer from the options given below: *
1 point
4. An example of green good is e) White paper f) Wind power g) Forest product h) Solar energy Choose the correct answer from the options given below: *
1 point
5. The way in which consumers can produce a green product from a brown product *
1 point
ASSERTION AND REASON BASED QUESTIONS 1. Assertion (A): Indian economy is predominantly rural economy Reasoning (R): As per 2011 census, the country's rural population is almost 83.25 crore (68.8% of total population) Options :   *
1 point
2. Assertion (A): Literacy is a powerful instrument of socio-economic change. Reasoning (R) : Empowerment of women helps to reduce gender disparity. Options : *
1 point
3. Assertion (A): India become self-reliant in the agricultural production after introducing green revolution. Reason(R): shortage of food grains due to drought and lack of irrigation facilities in the early 1960’s.   *
1 point
4. Read the following statements - Assertion (A) and Reason ( R) Assertion (A): Small scale industries ensure a more equitable distribution of national income and wealth. Reason (R): The ownership of small scale industries is more wide spread than the ownership of large scale industries. Select the correct alternative from the following: *
1 point
5. Assertion (A): India became an exporter of primary products and an importer of finished consumer and capital goods produced in Britain. Reason (R): Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India’s foreign trade. *
1 point
6. Assertion (A): The major policy initiatives i.e. land reforms and green revolution helped India to become self-sufficient in food grains production. Reason (R): The proportion of people depending on agriculture did not decline as expected Alternatives: *
1 point
MULTIPLE CHOICE QUESTIONS 1. which of the following is not an example of physical capital? *
1 point
2. .............five-year plan recognized the importance of human capital? *
1 point
3. which one of the following is a reason for poor human capital formation in India? *
1 point
4. how much educational cess has been imposed by the government on all union taxes ? *
1 point
5. which one of the following is a major sources of human capital formation in the country ? *
1 point
6. the objectives of the mid-day meal scheme is.......................? *
1 point
Submit
Clear form
This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy
Google Forms