|
Std.XII:ECO
|
EMINENT LEARNING
|
|
01
|
BOARD QUESTION PAPER MAR 2015
|
|||
|
|
|
|
|
|
|
|
Time: 3 Hours
|
Max. Marks: 80
|
||
|
|
|
|
|
|
Notes:(1) All questions are
compulsory.
(2) Figures to the right indicate full marks
for the questions
(3) Figures to the left indicate question
marks.
(4) Answer to every question must be
started on new page.
 |
||
 |
||
Q.1.(A).Select the correct answer
from the possible choices given below and rewrite the statement: (5)
1. The terms ‘micro’ and ‘macro’ economics
were first used by ____________
(Marshall / Ragnar Frisch
/ Robbins / Adam Smith)
2. The objective of a seller in monopoly
market is _____________ maximization.
(Loss
/ Profit / negative profit /
zero profit)
3. Marginal propensity to consume +
Marginal propensity to save is equal to _______
(zero
/ one / less / more)
4. Method of withdrawing money without
going to the bank is by ___________
(cheque
/ demand draft / ATM / mail
transfer)
5. The term ‘budget’ is derived from the
_______________ word ‘bougette’.
(Greek
/ German / French / Latin)
(B)Match the correct pairs: (5)
|
Group ‘A’
|
Group ‘B’
|
|
1. Pen and ink
|
a. Quantity price
|
|
2. Revenue
|
b. Accident
|
|
3. Insurable risk
|
c. Transfer income
|
|
4. Unemployment allowance
|
d. Short period
|
|
5. Reverse repo rate
|
e. Long period
|
|
|
f. Change in demand
|
|
|
g. Joint demand
|
|
|
h. Quantity × Price.
|
|
|
|
(C)
State whether the following statements are true or false. (5)
1. Demand for perishable goods is
inelastic.
2. Total cost is the total expenditure
incurred by firm.
3. The seller is a price maker in the
perfect competition.
4. Cheque is an optional money.
5. A bank is an institution which deals in
money and credit.
6. The RBI was nationalised in the year
1935.
Q2. (A) Define or explain the following
concepts (Any Three)
(6)
1. Resource
allocation
2. Elasticity
of supply
3. Market
4. Labour
5. Macro economics
6. Central
bank
(B) Give reasons or explain the following
(Any Three) (6)
1. Micro
economics studies individual economic unit.
2. Cheque in the price of substitute goods
affects the demand for another goods.
3. In
order to avoid double counting, value added approach is used.
4. Effective
demand is also called macro economics equilibrium.
5. The
Central Bank may take direct action against the defaulting commercial banks.
6. Unpaid
services are not included in national income.
Q3. A. Distinguish between (Any Three) (6)
1. Place
utility and Time utility.
2. Demand
curve and supply curve
3. Individual
supply and Market supply
4. Slicing
method and Lumping method.
5. Convertible
paper money and inconvertible paper money.
6. Revenue
expenditure and Capital Expenditure.
B. Write short notes (Any Two)
(6)
1. Microscopic study.
2. Income elasticity of demand.
3. Determination of equilibrium price under
perfect competition.
4. Functions of an Entrepreneur.
Q4. Write short answers for the following
questions (Any Three) (12)
1. Explain the law of diminishing marginal
utility.
2. Explain the features of monopoly.
3. Explain the features of macroeconomics.
4. Explain various types of investment
expenditure.
5. Explain the secondary function of money.
6. Explain different types of loans and
advances provided by commercial banks.
Q5. Explain with reasons whether you ‘agree’
or ‘disagree’ with the following statements
(Any
Three) (12)
1. The law of equi – marginal utility is
based on certain assumptions.
2. Population is the only determinant
factor of demand.
3. There are no exceptions to the law of
supply.
4. Providing safe deposits vault facility
is the only general functions of commercial banks.
5. There is no difference between the
Central bank and a commercial bank.
6. During the period of inflation surplus
budget is advisable.
Q6. Write explanatory answers. (Any Two) : (16)
1. Explain in detail ‘saving function’ with
schedule and diagram.
2. What is ‘elasticity of demand’? Explain
the factors determining elasticity of demand.
3. What is ‘national income’ ? Explain the
theoretical difficulties involved in the measurement of national income.
4. State and explain the ‘law of demand’
with its exceptions.
***************************************************************