Sample Question Paper for class 12th Economics (Annual Examination)

 Sample Question Paper for class 12th 

Economics (Annual Examination)

ANNUAL EXAMINATION 2020-21

SUBJECT – ECONOMICS

CLASS – XII

TIME: 3 HRS.                                                                                 M.M.: 80

 

GENERAL INSTRUCTION:-

ALL QUESTION ARE COMPULSORY. 

SECTION – A [MICRO ECONOMICS]

Q1.    What are time deposits?                                                                     1

Q2.    Define investment.                                                                             1

Q3.    As per durability of consumer goods ______ are used for more than one year.                                                                                                      1

a.       Semi-durable goods 

b.       Durable 

c.       Services 

d.       Non-durable goods 

Q4.    If gross value added at market price is d350 crore, change in stock is (-)d50 crore and  intermediate consumption is d200 crore, Find the total amount of sales.                                                                                                        1

Q5.    ________ is the ratio between aggregate saving and aggregate income. 1

Q6.    Revenue Deficit = ____________________ (formula)                     1

Q7.    Goods which are used in the process of production for several years are referred to as capital goods. (True/False)                                                         1

 

Q8.    Give one difference between currency depreciation and currency devolution.

1

Q9.    The value of MPS is zero. In this case, the value of MPC will be _______________.                                                                                 1

Q10. Give two examples of flow variables.                                                          1

Q11. Public expenditure is necessary for the development of the country. In the light of the statement, explain any two significance of public expenditure. 

OR

Explain any three implications of a large fiscal deficit.                        3

Q12. In the context of government budget, giving reasons, explain whether the following are  a revenue receipt or a capital receipt.                        3

a.       Tax receipt 

b.       Sale of public sector undertaking. 

Q13. What do you understand by inflationary gap?                                    4

Q14. Giving reasons, explain whether the given statement are true or false - 4

a. Current account of balance of payments account records only export and import of goods and services.

b. Foreign investments are recorded in the capital account of balance of payments. c. Improvement in exchange rate of the country’s currency always beneficial for balance of payment (BOP) 

d. Rise in foreign exchange rate cause a rise in its supply. 

Q15. The saving function of an economy is S = -200 + 0.25Y. The economy is in equilibrium when income is equal to d2000. Calculate the following:          4

a.       Investment expenditure at equilibrium level of income. 

b.       Autonomous consumption 

Q16. From the following information, calculate gross national product at market price (GNPMP) by

(a)      Income method

(b)     Expenditure Method.                                                               6 

S. No.	Items	(d) in crores
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15	Factor income from abroad  Wages of employees  Net domestic capital formation  Private final consumption expenditure  Factor income to abroad  Change in stock  Depreciation  Interest  Exports  Imports  Indirect Taxes  Rent  Subsidies  Government final consumption expenditure Profit	100  1500  500  2200  150  150  150  400  200  250  300  400  100  850  1000

 

Q17. What do you mean by multiplier (K)? Explain the relationship between Marginal propensity to consume (MPC) and multiplier (K).               6 

SECTION – B (INDIAN ECONOMIC DEVELOPMENT)

Q18. First five year plan was announced in Pakistan in which year?           1 

Q19. _____ is a whole system of farming that restores and enhances the ecological balance.                                                                       1

Q20. The source of human capital in a country are investment in _______ and ____.                                                                                          1 

Q21. Give one difference between green revolution and golden revolution.          1 

Q22. World trade organization (WTO) aims at reduction of trade barriers to liberalize  world trade. (True/False)                                                           1 

Q23. Fiscal reforms comprise -                                                                   1

a.       reforms in tax structure 

b.       reforms in public expenditure and public debt 

c.       reforms in interest rates 

d.       Both (a) and (b) 

Q24. Which programme was introduced in China to control the growth of population?                                                                                                 1 

Q25. _____________ is a geographical region that has economic laws different from a country’s typical economic laws.                                              1 

Q26. Why self-employment is more in rural areas?                                     1 

Q27. _______________unemployment is caused when more workers are engaged in a work than are actually required.                                                         1 

Q28. Explain the role of micro-credit in meeting credit requirement of the poor. OR

Why calorie based norm is nor adequate to identify the poor?            3 

Q29. “Agricultural marketing refers to the farmer’s act of bringing their products to a market for sale”. Is the statement correct?                               3 

Q30. Write few steps which are helpful for sustainable development.                   4

OR

Explain primary and secondary sources of energy. 

Q31.  (i) Enumerate the reasons of success of structural reforms in China.

          (ii) Enumerate the failures of the structural reforms in China.              4

Q32. Differentiate between human capital and human development.

OR

Why rural development is is of tremendous importance for our country. 4 

Q33. Indicate the value and direction of trade at the time of independence.. What do you find disturbing about it?                                                         6

Q34. Highlight the importance of seller and more productive employment of the self-employed in India and suggest some measures that could help to increase their productivity?                                                              6 

OR

“Infrastructure contributes to the economic development of a country”. Do you agree?