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CBSE Class 12 exams 2019: For the students who will sit for Class 12 Economics paper next year, here is the sample paper
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<p><strong>CBSE Class 12 exams 2019:</strong> The Central Board of Secondary Education (CBSE) will conduct board examinations from February for the coming academic year 2019. The board has already released a list of vocational subjects for the examinations that will be conducted from February to March 2019, the schedule and date of the examinations will be released later.</p> <p style="text-align: justify; margin-top: 10px; margin-bottom: 10px;">GOOGLE_AD_DATA</p> <p>From next year, the students need to get a minimum of 33 per cent marks in theory and practical combined to declare pass in the subject to get pass in the Class 10 examinations.</p> <p><strong>SECTION A</strong></p> <div id="zdt_367213_1_wrapper">1. ‘Total Cost changes due to changes in TFC’. State True or False. Give reason [1]</div> <p> </p> <p>Give the reason why AFC curve never touches X-axis</p> <p>2. What would be the shape of PPF, if resources are equally efficient in the production of goods? [1]</p> <p>3. Prove that Average revenue and price are same. [1]<br /><br />4. When Marginal Physical Product falls, Total Physical Product ………………… [1] (Choose the correct alternative)</p> <p>a. Fall<br />b. Rise<br />c. Can rise or can fall<br />d. Remains constant</p> <p>5. What is positive economics? Explain the basic economic problem of ‘for whom to produce’. [3]</p> <p>What is normative economics? Explain the fundamental economic problem of ‘how to produce’.</p> <p>6. Comment on the shape of supply curve if the price of a commodity rises by 5% and there is no<br />change in quantity supply. [3]</p> <p>7. State the relations between AC and MC with a diagram. [4]</p> <p> OR</p> <p>State the relations between MR and TR with a diagram, when the Price falls.</p> <p>8. A consumer consumes only two goods X and Y. Marginal utilities of X and Y are 3 and 4<br />respectively. Prices of X and Y are ? 4 per unit each. Is the consumer in equilibrium? What<br />will be further reaction of the consumer? Give reasons.</p> <p>[4]</p> <p> OR</p> <p>A consumer consumes only two goods X and Y, both priced at ? 2 per unit. If the consumer<br />chooses a combination of the two goods with MRS equal to 2, is the consumer in<br />equilibrium? Why or why not? What will a rational consumer do in this situation? Explain.</p> <p>9. If there is ‘excess supply’ at a given price of a commodity, how will the equilibrium price be<br />reached? Use diagram. [4]</p> <p>10. ‘Uniform price in key feature that makes Perfect Competition different from other market forms’.<br />Elaborate the factors in perfect competition that makes price constant. [6]</p> <p> OR</p> <p>a. Why does the demand curve of a monopoly firm less elastic? Use diagram.<br />b. Discuss ‘price discrimination’ feature of monopoly.</p> <p>11. Explain producers equilibrium in imperfect competition market by using Marginal Cost and<br />Marginal Revenue approach. [6]</p> <p>12. a. Identify any two reasons for the superiority of ‘ordinal utility approach’ over ‘cardinal utility<br />approach’ in analysis.</p> <p>b. Explain how the demand for a given commodity is affected by ‘changes in the prices of related<br />goods’ and ‘consumers expectations of future change in its price’. [2+4]</p> <p>SECTION B</p> <p>13. Give any one characteristic that make money a ‘medium of exchange’.</p> <p>OR</p> <p>How does money solve the lack of unit of account of barter system?<br />[1]</p> <p>14. What is deficit financing? [1]</p> <p>15. Reverse Repo Rate is………………: (Choose the correct alternative) [1]<br />a) Equal to Repo Rate<br />b) Higher than Repo Rate<br />c) Lower than Repo Rate<br />d) None of these</p> <p>16. Primary deficit and interest on debt are Rs 11500 Crores and Rs 3500 Crores respectively.<br />Calculate Fiscal deficit. [1]</p> <p>17. Explain how the level of effective demand is attained if ‘aggregate demand’ is more than<br />‘aggregate supply’. [3]</p> <p> OR</p> <p>Explain how the equilibrium in the economy is attained if investment exceeds saving</p> <p>18. Estimate the value of aggregate demand in an economy.</p> <p>[3]<br />i. Autonomous investment : 200<br />ii. MPC : 0.4<br />iii. Level of income(Y) : 8000<br />iv. Autonomous consumption: 100</p> <p>19. Explain any two ‘qualitative credit control’ measures of the Central bank. [4]</p> <p> OR</p> <p>Explain any two ‘quantitative credit control’ measures of the Central bank</p> <p>20. Elaborate economic growth as an objective of government budget. [4]</p> <p> OR</p> <p>Discuss the role of government budget in reducing economic inequality in the country.</p> <p>21. What is double counting? What does it lead to? Suggest two measures to solve it. [4]</p> <p>22. a.How does the rising foreign exchange rate affect the foreign trade of a country? [2+4]</p> <p>b. Distinguish between ‘current account’ and ‘capital account’ transaction of BOP.</p> <p>23. a. Explain ‘real flow’ in the context of a two sector model economy [2+4]</p> <p>b.Calculate ‘GDP at market price’ from the following data (Rs in Crores)<br />i. Mixed income of self-employed : 500<br />ii.Social security contribution by employer : 100<br />iii.Consumption of fixed capital : 25<br />iv.Dividends : 40<br />v.Net factor income to abroad : 35<br />vi. Corporation tax : 60<br />vii. Subsidies : 10<br />viii. Net indirect taxes : 50<br />ix. Undistributed profit : 200<br />x. Wages and salaries : 900<br />xi. Interest and rent : 300</p> <p>24. Elaborate ‘excess demand’ with a diagram. What are the government measures to reduce it? [4+2]</p> <p>News Source (<a href="https://indianexpress.com/article/education/cbse-class-12-exams-2019-check-sample-paper-of-economics-5475267/" target="_blank" rel="nofollow">Indian Express</a>)</p>
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Page Title :
CBSE Class 12 exams 2019: Check sample paper of Economics
Page Description :
CBSE Class 12 exams 2019: For the students who will sit for Class 12 Economics paper next year, here is the sample paper
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