Half yearly exam : Class 12 Economics Model Question Paper I

 Half yearly exam : Class 12 Economics 

Model Question Paper I

Half yearly exam: for class 12 economics

Question paper format

Objective questions of 32 marks will be asked in Class 12 Economics.

                          Mainly 5 types of objective questions will be asked.

 

1.Choose the correct option 06 marks

2. Write the answer in one word/sentence 07 marks

3. Fill in the blanks 06 marks

Match 4 correct pairs 07 points

5. Write True/False 06 marks

In this, 10 questions of 2 marks, 4 questions of 3 marks and 4 questions of 4 marks will also be asked.

Half Yearly Examination (Session - 23-24)

Class – 12

Subject – Economics (Arts and Commerce) Time 3 hours

(Sample question paper)

Instruction :-

1. All questions are compulsory.

2. Question numbers 1 to 5 are objective questions.

3. Internal options have been given in question numbers 6 to 23.

4. Question numbers 6 to 15: Two marks each.

5. Question number 16 to 19: 3 marks each.

6. Question No. 20 to 23: 4 marks each.

​Question 1 choose the correct option

  i Which of the following is studied under micro economics?

  a. individual unit

b. Economic overall

c. National income

d. none of the above

  ii. It is related to utility.

  a. Profitability b. By morality c. By fulfillment of human needs

d. from all of these

iii Demand for tea due to increase in price of coffee

a. increases b. decreases c. remains stable

d. none of these

iv Which of the following is included in the four regional models?

a. Family, Firm, Industry b. Family, Firm, Government

c. Family, firm, industry, government d. none of these

v. It is Reserve Bank of India.

a. Central Bank   b. Commercial Bank      c. Co-operative Bank   d. all of the above

vi Supply is associated with which of the following

a. a   period of time   b. price   c. Both A and B    d. none of these

Question 2 - Tell true or false.

i. Marginal utility can also be negative.

ii. The indifference curve is ascending towards the origin.

iii. The means of production can be changed in the long run.

iv. Market value is found in the long-term market.

v. The central bank is the people's bank.

vi. MPC+MPS=1 |

Question 3- Fill in the blanks

i. Micro and macroeconomics are……………………………….. of each other.

ii. Total utility is the sum of …………..……..utilities.

iii. There are no fixed costs in the ……………………….. period.

iv. The price of a commodity is determined by demand and………….. It is done through curves.

v. There is a relation between MPC and multiplier…………………………………………….

VI. ……………is a government document which contains details of the income and expenditure of the government.

Question 4. Answer in one word/sentence.

i. What is total utility when marginal utility is zero?

ii. Over what period do returns to scale arise?

iii. By whom is the demand for the item made?

iv. What is the demand for resources?

v. What is included in the tertiary sector?

vi. What is NNPMP-NFIA?

vii. What is the formula of credit multiplier?

Question 5. Match the correct pairs-

“A”	“B”
intermediate goods	Minimum Support Price
firm's equilibrium	flow of goods and services
income flow	property tax
real flow	MR=MC
floor price range	monetary flow
direct tax	1

                MPC+MPS=                               raw material

Each question carries two marks

6. What is micro economics

              Or

What does slope of the production possibilities curve show?

Q.7 What is meant by utility?

or

   What is meant by budget set?

Q.8 Write any two characteristics of perfect competition.

   or

Write the law of supply?

Q.9 When do we say that there is excess demand for a commodity in the market?

               or

            

             explain market equilibrium?

Q.10 Write the meaning of macroeconomics?

                   or

What is economic agent?

Q.11 What do you mean by gross domestic product?

                   or

What do you mean by intermediate goods?  

Q.12 What is consumption function called?

                or

What is called saving function?

 Q.13 What is meant by revenue receipts

     or

What is meant by capital receipts?

Q.14 What is a balanced budget?

         or

What is meant by deficit budget?

 

Q.15 What is meant by balance of trade.

        or

   Define balance of payments.

 

Each question is of 3 marks-

Q.16 Write three main characteristics of utility.

OR

Write the difference between substitute goods and complementary goods.

Q.17 The following table gives the total production schedule of labour. Find the corresponding average product and marginal product schedules of labour.

L	TP
0	0
1	15
2	35
3	50
4	40
5	48

OR    

Explain the concepts of the short run and the long run

Q.18 Explain the important functions of the central bank.

OR

                           Write the difficulties faced in bartering.

Q.19 What is the difference between anticipated investment and actual investment?

                               OR

What is marginal propensity to consume? How is it related to marginal propensity to save?   

Each question is of 4 marks-

Q. 20 Explain the law of demand with diagram.

                        OR

Explain any four factors affecting the price elasticity of demand.

Q. 21 What is the law of variable proportions?

  OR

Explain any four differences between total fixed cost and total variable cost. 

Q. 22  Explain ‘paradox of thrift’

OR

Explain the relationship between average saving propensity and average consumption propensity.

Q. 23 Explain the difference between devaluation and depreciation.

OR

                 Write the merits and demerits of fixed exchange rate system

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