KENDRIYA VIDYALAYA SANGATHAN: HYDERABAD REGION 2 nd PRE BOARD EXAMINATION ( ) CLASS : XII MAX. MARKS: 100
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1 KENDRIYA VIDYALAYA SANGATHAN: HYDERABAD REGION 2 nd PRE BOARD EXAMINATION ( ) CLASS : XII MAX. MARKS: 100 SUBJECT: ECONOMICS TIME: 3 HRS GENERAL INSTRUCTIONS:- 1. All questions in both the sections are compulsory. 2. Marks for questions are indicated against each question. 3. Questions no 1-5 and are very short answer type questions carrying 1 mark each. 4. Questions no 6-8 and are short answer type questions carrying 3 marks each. Answers to them should normally not exceed 60 words each. 5. Questions no 9-11 and are also short answer questions carrying 4 marks each. Answers to them should normally not exceed 70 words each. 6. Questions no and are long answer questions carrying 6 marks each. Answers to them should normally not exceed 100 words each. 7. Answers should be brief and to the point and the above word limit should be adhered to as far as possible. S E C T I O N A 1.Micro economics studies the economic behavior of a. Economy as a whole b. Individual economic units c. Employment situation in a country d. World economy 1M स भ अथथश स त र क स आर थथक व मवह य क अध ममन कयत ह a. एक ऩ य र ऩ भ अथथव मवस त थ b. व मक तत आर थथक इक इम c. एक द श भ य जग य क क स त थतत d. ववश व अथथव मवस त थ 1
2 2.Say true or false 1 M The problem of how to produce involves the choice between consumer goods and capital goods. सह म गरत फत ओ क स उत ऩ दन कय सभस त म उऩब तत वस त त ओ औय ऩ ज गत वस त त ओ क फ च चमन सभस त म स सम फक धधत ह 3. When all the inputs used in production of a good are increased simultaneously in the same proportion, that production function is known as 1 M a. Law of Variable proportions b. Law of returns to scale c. Law of returns to a factor d. It s not a production function जफ सब स धन आगत भ ऩरयवतथन क क यण उत ऩ दन ऩय ऩड़न व र प रब व क अध ममन कयन व र उत ऩ दन परन तनम न र ऩ भ ज न ज त ह अ)ऩरयवततथ अन ऩ त क उत ऩ दन परन फ)ऩ भ न क प रततपर स )ऩरयवततथ स धन क प रततपर द) उत ऩ दन परन नह ह 4. Shantha Bio Tech Company came out with a new vaccination to prevent Ebola Virus. The company alone enjoys an exclusive right to produce the vaccination. This right is known as 1 M a. Fundamental right b. Human right c. Patent right d. RTI श धत फ म ट क क ऩन न एफ र व इयस क य कन क लरए एक नम ट क क अववष क य ककम ह क ऩन अक र ट क कयण क उत ऩ दन कयन क लरए एक ववश ष अर धक य प र ऩत ककम ह ऐस मह अर धक य इस र ऩ भ ज न ज त ह अ) भ र अर धक य फ) भ र ववर ध स) ऩ ट ट अर धक य द) भ नव अर धक य 2
3 5. Price floor is defined as 1 M a The maximum price fixed above the equilibrium price b Minimum price fixed below the equilibrium price c Equal to the equilibrium price d None धम नतभ क भत ऐस ऩरयब वषत ककम ज त ह कक अ) सयक य द व य स त रन क भत स ऊऩय तम क गई ह फ) सयक य द व य स त रन क भत स न च तम क गई ह स) स त रन क भत स स भ न ह द ) क ई नह 6. When the price of a commodity falls by 80%, the quantity demanded of it increases by 100 %. Find out its price elasticity of demand. 3M एक व स त त क क भत भ 80%, क कभ ह न स इसक भ ग 100 %. स फढ़ ज त ह भ ग क क भत र च ग न त क क जए 7. A consumer consumes only two goods X & Y and is in equilibrium. Show that when the price of good X falls, the consumer buys more of good X. Use utility ]analysis. 3 M एक उऩब तत क वर द वस त त ओ x औय y क उऩब ग कयत ह ददख इए कक जफ वस त त x क क भत घटत त उऩब तत वस त त x क अर धक भ र खय दत ह. उऩम र गत ववश र षण क उऩम ग क क जए OR Given the price of a good how will a consumer decide as to how much quantity of that good to buy? Use utility analysis. ककस व स त त क द गम क भत क आध य ऩय उऩब तत क स तम कय ग कक वह उस वस त त क ककतन भ र खय द? उऩम र गत ववश र षण क उऩम ग क क जए 8. From the following table calculate Average revenue at each level of output. 3 M Output Marginal revenue
4 तनम न त लरक स औसत आगभ क गणन क क जए उत ऩ दन स भ तआगभ Distinguish between change in quantity demanded and change in demand. Which of these causes a shift of the demand curve? 4 M Or Explain the inverse relationship between price and the quantity demanded of a commodity. भ ग भ ऩरयवतथन औय भ ग भ र भ ऩरयवतथन भ ब द क क जए इन भ स ककसक क यण भ ग वक र खखसकत ह? अथव एक वस त त क क भत औय उस त क भ ग भ र भ ववऩय त सम फधध क व म ख म क क जए 10. Draw a PPC and show the following situations. 4 M a. All the land resources are used. b. Government started promoting foreign capital. c. Some of the labor force remaining unemployed. d. Destruction of resources in the recent natural calamity. उत ऩ दन सम ब वन वक र फन इए औय तनम न क स त थततम क वणथन क क जए अ) सब ब लभ स स धन क इस त त भ र ककम गम ह फ) सयक य ववद श ऩ ज क फढ़ व द न क लरए श र स) श ष फ य ज़ग य श रभफर द) प र क ततक आऩक त त भ स स धन ववन श 11. To what extent can a firm influence the price under a) Perfect competition b) Monopolistic competition C) Monopoly d) Oligopoly 4 M OR 4
5 Distinguish between collusive and non-collusive oligopoly and explain the following features of oligopoly. i) Non price competition ii) Few firms ककस स भ तक एक पभथ तनम न क स त तर थम भ क भत क प रब ववत कय सकत ह? अ) ऩ णथ प रततम र गत फ) एक र धक य त भक प रततम र गत स) एक र धक य द)अल ऩ र धकय अथव ग य - सहम ग औय सहम ग अल ऩ र धक य क फ च अ तय फत इए अल ऩ र धक य क तनम नलरखखत ववश षत ऍ सभझ इए i)ग य क भत प रततम र गत ii)क छ पभ 12. Define market supply. What is the effect on the supply of a good? a) When the government imposes a tax on the production of that good b) When the government gives a subsidy. Explain using a diagram. 6 M फ ज य ऩ ततथ क ऩरयब ष द क जए अ) मदद ककस वस त त क उत ऩ दन ऩय सयक य कय रग द त ह त उसक ऩ त ऩय तम प रब व ऩड़त ह फ )मदद ककस व स त त क उत ऩ दन ऩय सयक य आर थथक सह मत द त ह त उसक ऩ त ऩय तम प रब व ऩड़त ह? र चर क सहत त स उल र ख क क जए 13. Explain why is an indifference curve a) Downward sloping b) Convex to the origin 6 M OR Explain the concept of MRS with the help of a numerical example. Also explain its behavior along an indifference curve. सभझ इए तम एक अनर धभ वक र अ ) न च क ओय ढर व औय फ )उत तर ह त ह 5
6 अथव स ख म त भक उदह यण क सह मत स प रततस त थ ऩन क स भ त दय क अवध यण सभझ इए अनर धभ न वक र ऩय इसक प रब व ब सभझ इए 14. What is producer s equilibrium? Explain the conditions of producer s equilibrium through MC-MR approach when price remains the same at all levels of output. Use a diagram. 6 M उत ऩ दक स त रन तम ह?,जफ उत ऩ दन भ व व स क भत एक सभ न यहत ह तफ स भ त आगभ क र ऩ भ उत ऩ दक स त र क स त रन क शत क सभझ इए र चर क प रम ग क क जए 15. If equilibrium price of a good is less than its market price, explain all the changes that will take place in the market. Use a diagram. 6 M मदद एक व स त त क स त रन क भत उसक फ ज य क भत स कभ ह, त फ ज य भ तम ऩरयवतथन ह ग? उन सब ऩरयवतथन क व म ख म क क जए S E C T I O N - B 16. If MPC =1 the value of the multiplier is 1 M a) 0 b) 1 c) between 0 and 1 d) All of the above मदद स भ त उऩब ग प रव क त त = १, ग ण क क भ ल म मह ह ग अ) 0 फ ) 1 स) 0 औय 1 क फ च भ द) सब उत तय सह ह 17. APC = 1 when 1M a) C > Y b) C=Y c) C < Y d) C = 0 औसत उऩब ग प रव क त त =1 जफ अ) C > Y फ ) C=Y स) C < Y द ) C = which of the following is not an indirect tax 1 M a) Corporate tax b) VAT c) service tax d) excise duty तनम नलरखखत भ ज अप रत म कय नह ह अ) तनगभ कय फ) भ रमव व कय स) स व कय द) उत ऩ दश ल क 19. Disinvestment is a 1 M a) capital receipt b) revenue expenditure c) budget expenditure d) direct tax 6
7 ववतनव श तनम नलरखखत स ज ड़ ह आ ह अ) ऩ ज गत प र क थथम फ) य जस त व व मम स) फजत व मम द) ऩत म कय 20. Say true or false. 1 M Appreciation of Indian rupee will occur when Rs 66 have to be paid to exchange one US dollar instead of Rs 40. सह म गरत फत ओ ब यत क अर धभ ल मन ह ग जफ एक ड रय क फदर र 40 क फज म ड वतथभ न दय र 66 द न ऩड़ ग 21. Explain how distribution of GDP is limitation in taking GDP as an index of welfare. सभझ इए कक ककस प रक य सकर घय र उत ऩ द क ववतयण सकर घय र उत ऩ द क कल म ण क ऩम थथ स चक भ नन भ एक स भ ह 22. Which transaction determine the BOT? When is BOT in surplus? 3 M क न स र नद न व म ऩ य श ष क तनध थयण कयत ह? व म ऩय श ष कफ धन त भ क ह त ह? 23. When the price of a foreign currency rises, its demand falls. Explain why? 3M OR When the price of a foreign currency rises its supply also rises. Explain why? जफ ववद श भ द र क क भत भ व व ह त ह त उसक ऩ ततथ भ ब व व ह ज त ह सभझ इए ऐस तम अथव जफ ववद श भ द र क क भत भ व व ह त ह त उसक भ ग कभ ह ज त ह सभझ इए ऐस तम 24. A farmer wants to exchange his wheat for cricket bats. What problems he may face in this transaction, and how can he overcome them? 4 M 3 M एक ककस न न ग ह क फदर कक रक ट क फल र क आद न-प रद न कयन च हत ह ऐस प रण र भ तम कलभम ह औय व इस क स द य कय सकत? 25. In an economy the MPC = Investment expenditure in the economy increases by Rs 75 Crores. Calculate the total increase in national income. 4 M 7
8 OR Define Investment multiplier and explain its working with a help of table एक अथथव मवस त थ भ स भ धत उऩब ग प रव क त त 0.75 ह. अथथव मवस त थ भ तनव श व मम भ र 75 कय ड़ क व व ह त ह. य ष र म आम भ क र व व ग न त क क जए अथव तनव श ग ण क क ऩरयब वषत कय एक त लरक क सह मत स ग ण क क क मथप रण र क व म ख म कय 26. What is excess demand? Explain the role of Repo rate in removing it. 4M अतत भ ग स तम अलबप रम ह? इस त क द य कयन भ ऩ नखथय द दय क ब लभक सभझ इए 27 Explain the re-allocation of resources objective of Government budget. Tax rates on higher income groups have been increasing. Which economic value does it reflect? Explain using examples. सयक य फजट क आफध न उद द श म सभझ इए 6 M उस आम वगथ ऩय कय क दय फढ़ द गई ह मह ककस आर थथक भ ल म क दश थत ह? उदह यण सदहत सभझ इए 28. When is an economy in equilibrium? Explain with the help of saving and investment functions. Also explain the changes that takes place in an economy when economy is not in equilibrium. Use diagram or a table. 6 M फचत औय तनव श क सह मत स सभझ इए कक अथथव मवस त थ कफ स त रन भ ह त ह? मह ब सभझ इए कक जफ अथथव मवस त थ स त रन भ न ह त अथथव मवस त थ भ तम ऩरयवतथन आत ह? य ख र चर क प रम ग क क जए 29. How will you treat the following while estimating national income of India? Give reasons for your answer. 6 M I) Dividend received by a foreigner from investment in share of an Indian company. II) Profits earned by a branch of an Indian bank in Canada. III) Scholarship given to Indian students, studying in India by a foreign company. OR 8
9 Explain the problem of double counting in estimating the national income with help of an example. Also explain two alternative ways of avoiding the problem. ब यत क य ष र म आम क आकरन कयन सभम आऩ तनम नलरखखत क स थ तम व मवह य कय ग? अऩन उत तय क लरए क यण द क जए अ )एक ववद श क एक ब यत म क ऩन क अ श भ ककए गए तनव श स प र ऩत र ब श फ) कन ड भ एक ब यत म फ क क श ख द व य अक जथत र ब स) एक ववद श क ऩन द व य ब यत भ ऩढ़ यह ब यत म वद म र थथम क द गई छ रव क त त अथव य ष र म आम क अन भ न रग न भ आन व र द हय गणन क सभस त म एक उदह यण द कय सभझ इए इस सभस त म स फचन क द व कक ल ऩक उऩ म ब फत इए 30. Calculate GNP at MP from the following data. 6 M ( य In crores) (i) Compensation of employees 2000 (ii) Interest 500 (iii) Rent 700 (iv) Profit 800 (v) Employer s contribution to social security schemes 200 (vi) Dividends 300 (vii) CFC 100 (viii) Net indirect taxes 250 (ix) Net export 70 (x) Net factor income to abroad 150 (xi) Mixed income of self-employed
10 तनम नलरखखत आ कड़ स फ ज य भ ल म ऩय सकर य ष र म उत ऩ द क ऩरयकरन क क जए (य कय ड भ ) i)कभथच रयम क ऩ रयश रलभक 2000 (ii) ब म ज 500 (iii) ककय म 700 (iv) र ब 800 (v) स भ क जक स य म जन ओ क म गद न 200 (vi) र ब श 300 (vii) क स त थय ऩ ज क उऩब ग 100 (viii) तनवर अप रत म कय 250 (ix) तनवर तनम थत 70 ववद श तनवर क यक आम 150 (x) स त व - तनम क जत क लभर श रत आम
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