Solution 1,2 and 3 | cbse sample paper 2024-25 | Economics| class 12 ‪@sethsaccountancytricks‬

Solution 1,2 and 3 | cbse sample paper 2024-25 | Economics| class 12 ‎@sethsaccountancytricks  1. Read the following statements: Assertion (A) and Reason (R). Choose the correct option from those given below: Assertion (A): The government can reduce the deflationary gap by purchasing government securities in the open market. Reason (R): The Central Bank purchases government securities in the open market to increase the lending capacity of commercial banks. Options: A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). B. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A). C. Assertion (A) is true, but Reason (R) is false. D. Assertion (A) is false, but Reason (R) is true. 1 2. “The Cabinet led by Prime Minister has decided that the Central Government will provide free food grains to 81.35 crore (approx.) beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from 1st January, 2024.” Source: https://pib.gov.in/PressReleaseIframe... Based on the aforesaid statement, identify the budgetary objective the government is trying to achieve and choose the correct option: A. Reallocation of resources B. Economic stability C. Redistribution of income D. Economic instability 3. To arrive at the value of Gross Value Added at Market Price (GVAMP) ______ must be added to Gross Value Added (GVA) at Basic Prices. (Choose the correct option to fill up the blank) A. Product Taxes B. Net Product Taxes C. Production Taxes D. Net Production Taxes