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CBSE SAMPLE
QUESTION PAPER
Class XIIth -
Economics
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Time: 3 Hours Max. Marks: 100
(1) All questions are compulsory
(2) Marks for questions are indicated against each .
SECTION -A
Q 1 Define
Marginal utility (1mark)
Q 2 Give
two examples of variable costs (1mark)
Q 3 Define
marginal rate of transformation (1mark)
Q 4 In which market form demand curve is highly
elastic (1mark)
Q 5 If the price of good X rises and this
leads to decrease in demand
For
good Y , how are the two goods related ? (1
mark)
Q 6 State any three causes of a leftward shift
of supply curve (3marks)
Q 7 Explain any three factors affecting
Elasticity of demand (3 marks)
Q 8 Explain the problem "What to produce
" with the help of an example (3)
Q 9 Explain any three features of Monopolistic Competition (3
marks)
OR
Briefly explain why a perfectly
competitive firm is a price taker in the market .
Q 10 What are increasing returns to scale? How do
they arise ( 3)
Q 11 A consumer buys 100 units of good X at Rs 8
per unit.
Price elasticity of demand is 3 .At
what price will he be Willing to buy 150 units of the good ? (4)
OR
Distinguish between Change in
quantity demanded and Change in Demand
Q 12 What is Consumers' equilibrium ? Explain the
condition of consumers equilibrium assuming that the consumer consumes
only
two goods.
Q 13 Calculate AVC and AC from the following cost
schedule . AFC at 2nd
Unit of
output is Rs 10
Outout ( units)
1 2 3
4
M C (Rs.)
16 14 12
15
Q 14 Define equilibrium price. What will happen if
the price prevailing in the market is
(6)
(1) above the equilibrium
price ?
(2) below
the equilibrium price ?
Q 15 Why are the Long run average cost ( LRAC)
and Long run Marginal cost (LRMC) curves " U" shaped ? Use
diagram
(6marks)
OR
What is break even point ? Explain
Briefly Producers' equilibrium with the Help of
Total Revenue and Total Cost curves.
Q 16. Distinguish between Returns to a factor and
Returns to scale (6 marks)
SECTION - B
Q 17. Give two examples of non tax revenue (1)
Q 18 Define fiscal deficit (1)
Q 19 What do you mean by Open Market
Operations (1)
Q 20 If MPS is 0.2 find out Multiplier (1)
Q 21 A country's balance of trade is Rs (-100) crores. Value of import of goods is Rs. 500 crores .Find out the value of exports . (1)
Q 22. Calculate
Net Value Added at Factor Cost
(3)
(Rs lakh)
(i) Sales 1000
(ii)
Closing stock 100
(iii)
Opening stock 200
(iv)
Purchase of raw materials 300
(v) purchase of machinery 400
(vi) Consumption
of fixed Cap. 50
(vii)
Subsidies
30
Q 23 Giving reasons, categorise the following into direct tax and indirect
tax (3)
(i)
Corporation tax
(ii)
Value added tax
(iii) Custom duty
Q 24 Distinguish between plan and non-plan
expenditure. Give one example of each (3)
Q 25 Define fixed exchange rate. State two merits
of flexible exchange rate (3)
Q 26 Briefly explain any three sources of supply
of foreign exchange. (3)
OR
Distinguish between current account
and capital account.
Q 27 Explain any four functions of Commercial
Bank. (4)
Q 28 How does the Central Bank perform the
function of controller of Credit ?
(4)
OR
State the four functions of money .
Describe any two of these.
Q 29 Given below is the Consumption function in an
economy (4)
C= 100+ 0.5Y
Calculate MPC from the following
schedule.
Income (Rs.) 100 200
300 400
Q 30 Explain with
the help of a diagram the
situation of Deficient Demand. Explain
any three monetary measures of
correcting it.
(6)
OR
What is meant by equilibrium level
of income? Can there be unemployment at equilibrium level ofincome ?
Q 31. Explain the "Income" method of
estimating national income. State three
Types of expenditure that are not
included while estimating national income
by expenditure method.. Give reasons for your answer. ( 6)
Q 32. Calculate Gross National Disposable income
and Personal disposable income from the following data .
(Rs. Crores)
(i)
Corporation tax 40
(ii) Net
factor income from abroad
(-)200
(iii) Consumption
of fixed capital 100
(iv)
Indirect taxes 50
(v) Net Domestic Product at factor cost 4000
(vi)
Subsidies 20
(vii)
Retained earning of private corporate sector
300
(viii)
Current transfers from government
150
(ix) National debt interest 130
(x) Net current transfers from the rest of
world 80
(xi) Share of government in national income
900
(xii)
Direct taxes paid by the households 70
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Tips:
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1. Read properly the question paper.
2. As for as possible attempt the questions in the serial order given in
the paper.
3. Do not waste the time for the questions which you do not know.
4. Try to complete the section "A" with in 90
minutes.
5. Leave at least one or two lines after every question.
6. Write the answer to the point only.
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Dr. Indrajeet Singh
M A (Eco,Hindi,Sociolog) Ph.D , Goldmedalist
K.V., I M A Dehradun,
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