Scribd
Upload
78 views4 pages

Economics Sample Paper - 2

Economics sample paper -2

Uploaded by

errorrijul2006
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
78 views4 pages

Economics Sample Paper - 2

Economics sample paper -2

Uploaded by

errorrijul2006
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

KENDRIYA VIDYALAYA SANGATHAN KOLKATA REGION

SUBJECT - ECONOMICS
CLASS XII
SAMPLE QUESTION PAPER

Time- 3hrs F.M- 80

Instructions-
1) All questions are compulsory.
2) Very short answer questions carrying 1 mark each are required to be answered in one sentence.
3) Short answers question carrying 3 marks are required to be answered in 60 words each.
4) Short answers question carrying 4 marks each are required to be answered in 70 words each.
5) Long answer type question carrying 6 marks each are required to be answered in 100 words each.
6) Answers should be brief and to the point and the above word limit be adhered to as far as possible.

Section - A
Q1. There are only few sellers under
(i) Perfect Competition
(ii) Monopolistic competition
(iii) Monopoly
(iv) Oligopoly (1)

Q2. State the law of demand. (1)


Q3. When the MU is zero, TU is
(i) Zero
(ii) Minimum
(iii) Maximum
(iv) Negative (1)

Q4. When income of the Consumer increases , the budget line


(i) Shifts to the right
(ii) Shifts to the left
(iii) Rotates to the right towards Y axis
(iv) Rotates to the left towards the Y axis (1)

Q5. Explain the unification of “interdependence between firms


Characteristics of oligopoly market. (3)
Or
Explain the implications of the “freedom of entry and exit” feature of
Perfect Competition.
Q6. Explain the behaviour of short run average Cost Curve. (3)

Page 1 of 4
Q7. Production is an economy is below it’s potential due to unemployment
Government starts employment generation schemes. Explain it’s effect
Using PPC.
Or
Why does an economic problem arise? Explain the problem of ‘whom to
Produce’ with example. (4)
Q8. “Higher indifference curve represents higher level of satisfaction to the
Consumer”. Explain the statement , also state the underlying
assumption related to this property of Indifference Curve.
Q9. Explain the marginal cost and average variable cost. (4)
Q10. From the following data find out the level of output that will give the
Producer maximum profit ( use marginal cost and marginal revenue
approach ) Give reasons for your answer.

Output 1 2 3 4 5
(units)
Total Cost 9 17 24 29 36
Total 11 20 27 32 35
Revenue
(6)
Q11. Explain the meaning and implications of maximum price ceiling giving
reasons explain the ‘ law of variable proportions’. (6)
Q12. A consumer consumes only two goods X and Y. The marginal rate of
Substitution is 1. Prices of X and Y are Rs 3 and Rs 4 per unit respectively.
Is the Consumer in equilibrium. What will be further reaction of consumer?
Give reason. (6)

Section B
Q13. Repo rate is the rate at which
(a) Commercial banks purchase government securities from the central bank.
(b) Commercial banks can take loans from the Central bank.
(c) Commercial banks can keep their deposits with the Central bank.
(d) Short term loans are given by commercial bank. 1

Q14. Which of the following is not a component of M1 measurement of Money


Page 2 of 4
Supply? 1
(a) Demand deposits
(b) Currency
(c) Other deposits
(d) Term deposits

Q15. What is meant by devaluation of domestic currency. 1


Q16. Give two sources of supply of foreign exchange. 1
Q17. In an economy, the consumption function is C= 400+0.75
Where C is the consumption expenditure and Y is the income and
Investment expenditure is 2000. Calculate the equilibrium level of
National income and consumption expenditure.
or
Explain the working of investment and multiplier with the help of a
Numerical example. 3
Q18. Out line the steps required to be taken in deriving saving curve from
the given Consumption Curve. Use diagram. 3
Q19. Explain the credit creation role of Commercial banks with the help of a
Numerical example.
Or
Explain the “bankers bank” function of the Central Bank. 4
Q20. Distinguish between stock and flow. 4
Q21. Distinguish between depreciation and appreciation of currency.
How are exports and imports impacted in these situations. 4
Q22. How is the Budgetary policy used to promote GDP growth in the Economy? 6
Or
Define fiscal deficit and Primary deficit. Write implications of primary deficit.

Q23. Distinguish between inflationary and deflationary gap. Write two measures to correct inflationary
gap. 6

Q24. From the following data, calculate (a) Gross Domestic Product at Factor

Page 3 of 4
Cost, and (b) Factor Income to Abroad:
Items (Rs in crore)
(i) Compensation of employees 1,000
(ii) Profits 200
(iii) Dividends 80
(iv) Gross national product at market price 1,800
(v) Rent 250
(vi) Interest 200
(vii) Gross domestic capital formation 300
(viii) Net fixed capital formation 200
(ix) Change in stock 50
(x) Factor income from abroad 80
(xi) Net indirect taxes 120

******

Page 4 of 4

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy