MP Board Half Yearly Examination : Class 12 Economics (Commerce & Arts Faculty) Model Question Paper I for Half Yearly Examination 2022-23

 MP Board Half Yearly Examination : 

Class 12 Economics (Commerce & Arts Faculty) 

                   Model Question Paper 

 for Half Yearly Examination 2022-23

Through this website, what will be the format of the question papers of the half-yearly examination for all subjects from class 9th to 12th, i.e. how many marks will the question paper be, what type of questions will be there for marks 1, 2, 3, 4 etc. Has been done .

     In this post, we understand the question paper format of class 12 economics. This is an ideal question paper and important questions are included in it. It is possible that many questions will be asked from this question paper in the upcoming half yearly examination. It is possible that students will prepare for these questions as well and will do their preparation well separately. Questions will be asked from about 90 percent of the syllabus in the question paper.

The possible syllabus for the half-yearly examination 2022-23 for CLASS 12 ECONOMICS (Commerce and Arts Faculty) is as follows

    12 Economics (Faculty of Commerce and Arts)

1. Introduction

Chapter 2 Theories of Consumer Behavior

  Chapter 3 Production and Cost

CHAPTER IV THEORY OF THE FIRM UNDER PERFECT COMPETITION

Chapter 5 Market Equilibrium

6. The Uncompetitive Market This chapter has been deleted for this session.

Book 2 Macroeconomics An Introduction

Chapter 1 Introduction

Chapter 2 Accounting for National Income

Chapter 3 Money and Banking

Chapter 4 Income and Employment Determination

Note - Questions are not likely to come from the deleted course

CLASS 12 ECONOMICS OBJECTIVE QUESTIONS FOR 32 MARKS

                                          Will be asked Objective questions will be asked mainly in 5 types

1. Choose the correct option 06 marks

2. Write answer in one word/sentence 07 marks

3. Fill in the blanks 07 marks

Match 4 Correct Pairs 06 Marks

5. Write True/False 06 Marks

Apart from this, 10 questions of 2 marks, 4 questions of 3 marks, 4 questions of 4 marks will also be asked.

          MP board half yearly exam 2022-23
                    model question paper
  Subject: 12 Economics (Faculty of Commerce & Arts)

Time - 3.00 hours Marks - 80

Instructions:-1. It is compulsory to attempt all the questions.

  2. Question no. Internal options are given from 06 to 23.

3. Question no. Marks 01 to 05 are objective type questions. Separate marks are prescribed for each question.

4. Marks for each question are indicated against it.

5. Question no. Answer questions from 06 to 15 in 30-40 words each.

6.Question no. Answer questions 16 to 19 in about 75-80 words each.

7. Question no. Answer questions from 20 to 23 in about 120-130 words each.

Question 1. Write the correct option- 1×6=6

i. Which of the following is studied in microeconomics :-

   (A) Individual Unit (B) National Income (C) Full Employment (D) All of the above

II. What is the ability of a commodity to satisfy a human need called?

(a) Productivity (b) Utility (c) Profitability (d) None of the above

III. Which of the following rules describes the short run production function? ,

A. Law of demand B. Law of variable proportions C. Elasticity of demand D. None of the above

iv. Supply is related to which of the following?

(A) Time period (B) Price (C) Both A and B (D) None

v. The value of a commodity is determined by-

(a) by demand (b) by supply

(c) by demand and supply (d) by the government

vi. Which of the following is an intermediate product?

(A) TV (B) Machine

  (C) Wood (D) Coal

Question 2. Fill in the blanks - 1×7 = 7

i) The elasticity of demand for luxury goods is --------------

II. Increase in total output by increasing one unit of factor is called -------------

iii. TR is maximum when MR is

iv National income can be studied not from individual point of view but from ______________ point of view.

v. Low demand in the economy can be corrected by making a budget of

vi. Small four are studied in ----------------- economics

viii. Long term cost is called ----------------------

  

Question 3. Match the correct pair 1×6 = 6

             A                                               B

  

Full and efficient use of resources - interaction with other countries

Law of Demand - Keynes

Net Product - Absence of Change

equilibrium price - TP

Employment Theory - Microeconomics

Open Economy - Production Possibility Curve  

                                                       

Question.4. Write answer in one sentence. 1×7 = 7

i. What are all income generating activities called? ,

ii What is the elasticity of demand for Giffen goods?

iii. The shape of average cost curve is like which letter of English?

iv. Write the formula of profit per unit?

v. With which economics is the term macro related?

vi Write the full form of GDP.

 vii. Which economy has been recognized by Keynes in his theory?

Q.5 Write True/False 1×6 =6

i. Goods that are used in place of each other are called complementary goods.

II. Contraction of supply means that there is less supply at a higher price

iii. factor demand is called direct demand

iv. Individual units are studied in microeconomics

v. Services may be collected

vi. factor demand is called direct demand

Question.6. What is economy? (2)

                                          Or

               what is capitalism

Question.7. What is short term cost? (2)

                        Or

          What is fixed cost?

Question 8. What is equilibrium price? (2)

                           Or

      Write the meaning of excess supply for a commodity in the market?

Question 9. What is derived demand? (2)

                               Or

What is market pricing?

Question 10: What is meant by production method of measurement of national income?

                                   Or

      What is meant by expenditure method of measurement of national income? (2)

Question 11. What is monetary flow? (2)

                              Or

     What is circular flow of income?

Question 12. Write the meaning of cash fund ratio? (2)

                           Or

       Give the definition of money?

Q.13 What is meant by propensity to consume? (2)

                       Or

      What is Liquidity Trap?

Question.14. Define saving function ( 2 )

                                Or

  Write the meaning of investment function.

    

Question 15. What is the relationship between consumption and income? (2 )

                                   Or

     what is involuntary unemployment

Question 16. Write three features of perfect competition. 3

                          Or

  Explain the factors that affect the elasticity of supply.

Question 17. Explain normal and inferior goods with examples and write the formula of total utility.

                                Or

  Explain average revenue and marginal revenue.

Question 18. Name the three elements that determine the supply curve of a firm. (3)

                                       Or

   Write the formula and major categories of elasticity of demand.

Question 19. Write the difference between central bank and commercial bank (3)

                                            Or

   Money is the pivot around which economics revolves explain

Question 20. Explain the difference between returns to scale and the law of variable proportions? 4

                       Or

    The following table shows the marginal production schedule of labor and prepare the total production schedule on the basis of it.

                     Labor - 1 2 3 4 5

  Marginal Product 10 18 25 10 5

Question 21 At what rate does total utility increase when marginal utility decreases, explain with diagram 4

                       Or

    A decrease in the price of a commodity always leads to an expansion in its demand. Do you agree? Write

Q.22 Explain the concept of production function 4

                       Or

  Show total product and marginal product diagrammatically.

Question 23 Explain the law of diminishing utility with diagram 4

                     Or

Explain the different categories of price elasticity of demand.

Note - Also want to read

👉 DOWN LOAD PDF  COPY OF CLASS 12 ECONOMICS MODEL PAPER  

👉 half yearly exam I class 11 Business Studies I Model Question Paper

1. Some grammatical errors are possible in the question paper and text material, please ignore them and take the efforts made in a positive way.

2 . Check and remember the site https://www.vimarshportal.in for model question paper, blue print, question bank, and practice paper for upcoming annual examination etc. of all other subjects of class 9th to 12th

Note- Students can practice this question paper well, along with it they can also prepare well whatever preparation they have done. To check your preparation, please write the answers of the above question paper in your copy or answer book by yourself and check those answers yourself with the help of your book and other material. This type of practice will surely give you not only semi Can get good marks in annual examination but also in annual examination.

In the above question paper, the syllabus till November 2022 has been taken, as well as it has not included the removed syllabus for this year, but by mistake, if any subject matter point or question is included in it, please do not take it otherwise. Because in the upcoming session 2023-24 you have to study from the complete syllabus and questions will be asked from that only.

For the preparation of class 9th to 12th examinations, keep visiting https://www.vimarshportal.in continuously and also inform your friends about it.