Wednesday, November 7, 2018
Sunday, November 4, 2018
SAMPLE QUESTION PAPER IN ECONOMICS
SAMPLE QUESTION PAPER IN ECONOMICS
ECONOMICS
Class:
XII Max
marks: 80
Time: 3 hrs.
SECTION-A
1.
If is given that TVC for producing 15 units of output is rupees 3000 and for 16
units is rupees 3500.Find the value of marginal cost. (1)
2.
Define micro economics. (1)
3.
Which of the following can be referred to as “Point of satiety”? (1)
a)
MU is negative b) TU is
rising.
c) MU is zero d)
TU is falling.
4.
Which of the following is an assumption of Production Possibility Frontier? (1)
Resources
are not fully employed.
Resources
are not equally efficient for the production of the 2 goods.
Resources
are not efficiently employed.
Resources
available are not fixed.
5.
State any 2 central problems under “problem of allocation of resources”. (1)
6.
“Supply curve is the rising portion of marginal cost curve over and above the
minimum of AVC curve”. Do you agree? Support your answer with valid reason. (3)
7. Explain
“black marketing’ as a direct consequence of price ceiling. (3)
8.
Explain any 2 sources of restricted entry under monopoly. (3)
9.
Comment upon the elasticity of demand for good X, in the following given
situation, if the Price of the commodity rises from rupees 5 per unit to 7per
unit and the quantity demanded falls from 20 units to 16 units. (4)
Using
total household expenditure method.
Using
Proportionate method.
10.
Explain the factors determining the supply of a commodity. (6)
Product
differentiation
Price
discrimination.
11. Write
the properties of PPC.
(6)
SECTION –B
12.
Goods produced for the satisfaction of wants are called: (1)
a.
capital goods. b) Intermediate
goods.
c.
consumer goods d)Producer
goods.
13.
Which financial institution accepts deposits and creates money; (1)
A )SEBI b)LIC
c) RBI d) Commercial banks.
14.
Which of the following is the post tax income of the household? (1)
a) Private
income b)
Personal income
c)
Personal disposable income. d)
None of these
15.
Balance of trade is equal to (1)
a) X-M b) x+m
c) Both
A and B d) none of these
16.
Balance of payment is based on (1)
a)
Capital account transactions b) Autonomous
transactions.
c)
Current account transactions d) Accommodating transactions.
17.Balance
of payment always be balanced.how? (3)
18.
Explain the unit of account function of money. (3)
19.
Explain the relationship between income consumption and APC using a schedule
and diagram. (3)
20.Giv
e2 reasons which led to a deflationary gap in the economy and state its 2
effects. (4)
22.
Explain briefly the quantitative methods which a central bank may adopt for
controlling the volume of credit. (4)
23. From the following data calculate “Net
value added at factor cost” (4)
|
Items
|
Rupee in crores
|
|
Net factor income from abroad
|
30
|
|
Sales
|
3500
|
|
Purchase of intermediate goods
|
2000
|
|
Exports
|
400
|
|
Indirect taxes
|
350
|
|
Change in stocks
|
50
|
|
Consumption of fixed capital
|
500
|
24.
Write the difference between classical and Keynesian economics. (6)
25. Derivation of Saving function curve from
consumption function curve and consumption function curve from saving function
curve. (6)
26. Write
the difference between Central bank and the commercial bank. (6)
27
.Calculate sales from the following
data. (6)
|
|
Rupees in lakhs
|
|
|
1
|
NVA at factor cost
|
800
|
|
2
|
Depreciation
|
60
|
|
3
|
Change in stock
|
-30
|
|
4
|
Intermediate consumption
|
1000
|
|
5
|
Exports
|
300
|
|
6
|
Indirect tax
|
60
|
.
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