ECONOMICS
SAMPLE PAPERS CLASS XII
TIME
ALLOWED: 3 Hrs MAX.
MARKS: 80
PART - A
ATTEMPT ALL QUESTIONS: -
1. Which of the following is a stock?
(a) Saving (b) Production (c) Consumption (d) Capital.
(1)
2. What will be the effect of
increase in the ' Repo Rate' on the money supply: (1)
(a) Money supply will increase.
(b) money supply will decrease. (c) money supply will remains
constant. (d) None of these.
(1)
3.
Demand deposits are: - (a) Chequable deposits (b) none Chequable
deposits (c) deposits which can
be withdraw. (d) both (a) and (c)
(1)
4. Aggregate demand can be increase
by : (a) Increase in bank rate (b)
selling govt. securities.
(c) increasing cash reserve ratio (d)
none of these
5. The value of multiplier is
.............................................
(1)
(a) 1/ MPC (b) 1/ MPS (c)
1/ 1- MPS (d) 1/ MPC-1
6. If C = 50 and Y = 200 than APC
will be (a) 750 (b)0.75 (c) 250 (d)
0.25
(1)
7.
If MPC = 1, the value of multiplier is : - (a) greater than 2, (b) less than 2,(c) Equal
to 2(d) equal to 5. (1)
8. Full employment means- (a)
Voluntary unemployment. (b)Involuntary unemployment. (1)
(c) Unemployment (d) None of these.
9. Capital receipts may come from:
(1)
(a) market borrowing (b)
provident fund (c) recovery of
loan (d) all of them
10. ------------------is the
difference between total receipts and total expenditure. (1)
(a) deficit financing (b) debt
financing (c) credit financing (d) none of these.
11.Primary deficit in a govt. budget
: (Choose the correct alternative) (1)
(a)Revenue expenditure - Revenue receipts. (b) Total expenditure - Total receipts (c) Revenue deficit - interest payments. (d) Fiscal deficit - interest payment
12. Reduction in the value of
domestic currency by the govt. is called: (1)
(a) depreciation (b) devaluation (c) revaluation (d) appreciation
13. Current transactions are of
................................ nature (1)
(a) Flow (b) stock (c) banking capital (d) all of these.
14.Explain the function of Central Bank
as' Banker, Agent and advisor to the government'. ( 3)
OR
How Central Bank act as ,' Currency
authority' in the country.
15.
An economy is an equilibrium from the following data, calculate the
MPS.
( 3)
Income = 10,000, Autonomous consumption = 500, consumption expenditure =
8000
16. Distinguish between Devaluation
and Depreciation. (3)
17. Distinguish between real and
nominal GDP, which of these is a better indicator of economic welfare? (4)
OR
18.
Explain the with the help of an example the basis of classifying goods
in final good and intermediate goods.
19. Calculate operating surplus from the following data: (4)
Sr. No.
|
Particulars
|
Amount (Crores)
|
1
|
Value of output
|
200
|
2
|
Net value added at FC
|
80
|
3
|
Goods and services taxes
|
15
|
4
|
Subsidies
|
05
|
5
|
Depreciation
|
20
|
20. Explain credit creation by
Commercial bank with a numerical example. (4)
21. What is the relationship between
MPC and MPS. Prove with an example. (4)
OR
What is Investment multiplier? How is
its value is determined ? What can be minimum and maximum value of
multiplier?
22. Distinguish between Autonomous
and accommodating items of balance of payments account. (4)
23.
Explain four steps of calculating National Income by Income method. (6)
OR
Calculate Gross National Product by Income and
expenditure method: -
Sr.No.
|
Particulars
|
Amount( crores)
|
1
|
Rent
|
40
|
2
|
Private final consumption
expenditure
|
800
|
3
|
Net export
|
20
|
4
|
Interest
|
60
|
5
|
Profit
|
120
|
6
|
Government final consumption
expenditure
|
200
|
7
|
Net domestic capital formation
|
100
|
8
|
Compensation of employees
|
800
|
9
|
Consumption of fixed capital
|
20
|
10
|
Net in direct taxes
|
100
|
11
|
Net factor income from abroad
|
(-) 20
|
(6)
24.
What are the two alternatives ways of determining equilibrium level of
income? How they related?
(6)
25. What do you means by terms revenue deficit,
Fiscal deficit and Primary deficit: ( 6)
Sr. no.
|
Particulars
|
Amount
|
1
|
Capital receipts net of borrowing
|
95
|
2
|
revenue expenditure
|
100
|
3
|
Interest payments
|
10
|
4
|
Revenue receipts
|
80
|
5
|
Capital expenditure
|
110
|
PART - B
26. In which year railway was
introduced in India: -
(1)
(1) 1850 (ii) 1853 (iii) 1890
(iv) 1892
27. When was India's first official Census
operation undertaken? (1)
(i) 1881 (ii) 1885 (iii)
1886 (iv) 1895
28. Absolution of intermediaries and
part ceiling are part of: (1)
(i) Industrials reforms in India (ii)
External reforms in Indian (iii) Land
reforms in India (iv) Banking reform in
India.
29. Mudra Bank was set up to meet
credit need of the : (1)
(i) Farmer (ii) small enterprises (iii)
larger enterprises (iv)
Exporters
30. Which of the following was
replaced by competition act :
(1)
(i)
MRTP (II)
FERA (iii) Companies Act. (iv) None of these.
31.
What is meant by Globalization?
(1)
32. In which year 'Niyati Ayog' was established in
India.
33. Explain any three
main causes of India's agriculture stagnation during the colonial period. (3)
OR
What was the two fold motives behind the systematic de-
industrializations of effected by the British in pre - Independence India.
34. What is meant by Liberalization?
Explain briefly economic reform under Liberalization. (4)
35. What is the concept of Demonetization ? Why
and how it was implemented in India? (6)
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