SAMPLE PAPER
Pre-Board
-2
Class: XII
Subject: ECONOMICS
Time:
3 Hours M.M.:
80
General Instruction:-
1. All
questions
in both the sections are compulsory.
2. Marks for questions are indicated
against each question.
3. Questions No. 1 – 4 and 13 – 16 are very short-answer questions carrying 1 mark each. They are required to be
answered in one sentence each.
4. Questions No. 5 – 6 and 17 – 8 are short-answer
questions carrying 3 marks each.
Answer to them should normally not exceed 60 words each.
5. Questions No. 7 – 9 and 19 – 21 are also short-answer questions carrying 4 marks each.
Answer to them should normally not exceed 70 words each.
6. Questions No. 10 – 12 and 22 – 24 are long -answer questions carrying 6 marks each. Answer
to them should normally not exceed 100
words each.
7.
Answer
should be brief and to the point and the above word limits should be adhered to
as far as possible.
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SECTION
A MICRO
ECONOMICS |
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1. |
In
the backdrop of a trend of declining sex –ratio in the age group up to five
years, the government has introduced a new scheme “Beti Bachao, Beti Padhao”
with the twin aim of improving sex-ratio and ensuring that girls get
educated. However the production possibility curve was not affected. Why? |
1 |
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2. |
Define
Marginal Cost with an example. |
1 |
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3. |
Do
average Cost and Average Variable cost intersect? Specify reason. |
1 |
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4. |
A
firm under Monopoly is called a “price maker” or “Price taker”? Specify reason. |
1 |
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5. |
Suppose
in an economy, only two goods are being produced, i.e.; guns and wheat. While
due to recession in the neighbor country there has being a huge migration of
people in the home country. What will be its impact on the PPC of the
domestic country? (Use diagram). |
3 |
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6. |
1.
Explain with the help of a diagram the relationship between demand and the
income of the consumer. 2. Price
of other goods and the demand for a given commodity. |
3 |
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7. |
The
price elasticity of a commodity is (-) 1.5, when its price falls by Rs.1 per
unit, its quantity demanded rises by 3 units. If the quantity demanded rises
by 3 units. If the quantity demanded before the price change was 30 units,
what was the price at this demand? |
4 |
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8. |
How is
equilibrium price of commodity determined? What happens if the market price
is more than the equilibrium price? (Use diagram). |
4 |
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9. |
Explain
how the following factors affect the supply of the commodity (any two): 1)
Price of factors of production
2) price of other goods 3) price of the given commodity. |
4 |
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10. |
A
consumer wants to consume two goods. The price of the two goods is Rs. 4 and Rs.
5 respectively. The consumer has the income of Rs.20. 1. Write down the equation of Budget
line. 2. How much of good X can the
consumer consume if she spends her entire income on that good. 3. How much of good Y can she
consume, if she spends her entire income on that good? 4. What is the slope of the budget
line? |
6 |
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11. |
From
the following information about a firm, find out the firms equilibrium output
in terms of Marginal Cost and Marginal Revenue. Give reason. Also find out
the profits at this output.
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6 |
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12. |
Good “Y” is a substitute of
Good “X”. The price of Y falls. Explain the various chain of effects of this
change in the market of X. |
6 |
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SECTION B MACRO
ECONOMICS |
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13. |
What do you mean by the supply
of money? |
1 |
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14. |
Capital receipts always create
liability. Do you agree? Yes/ no explain.
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1 |
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15. |
What is planned expenditure and
non-planned expenditure? |
1 |
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16. |
What primary deficit? |
1 |
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17. |
On the basis of consumption
function C = 120 + 0.4 1.
Derive the
saving function. 2.
Determine
the saving at the income level of ₹500. 3. At what level of income the saving will be
zero. |
3 |
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18. |
Explain the concept of Excess
demand in macroeconomics? Also explain the role of open market operation in
correcting it. |
3 |
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19. |
Elaborate in detail the
objective of budget in “reducing the regional disparities” in an economy? |
4 |
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20. |
Calculate
Gross National product at Market Price and Net National Disposal income from
the following data:
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4 |
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21. |
How will Repo rate and margin
requirement rate helpful in controlling the money supply in an Economy? OR What is multiplier? Explain the
process and working of multiplier with an example. Also find out the
relationship between Multiplier and MPC, MPS. |
4 |
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22. |
Calculate NDPFC by expenditure
method and GDPMP by the income method:
OR How are following treated while
estimating private final consumption expenditure? Give reasons to your
answer: 1.
Exports 2.
Direct
purchases made abroad by resident household. 3.
Final
consumption expenditure of nonprofit institutions serving the household. 4.
Change in
stocks. 5.
Net
domestic fixed capital formation. 6. Construction of household. |
6 OR 6 |
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23. |
State whether the following
statements are true or false. Give valid reasons for your answers. 1.
Inflationary
gap exists when aggregate demand is greater than aggregate supply at full
employment level. 2.
Marginal
propensity to consume for poor is high as compared to rich. 3. Average propensity to consume can be <
1. |
6 |
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24. |
What is the meaning of current
account in balance of payment? What are its components? Explain them briefly.
OR What is deprecation of currency? Write down any two differences
between Autonomous items and Accommodating Items. What is Hedging? How the risk
of Hedging is covered under foreign exchange market. |
6 1 2 3 |
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*** all the best ***
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