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    Greenfield Public School Kurukshetra Half Yearly Examination CLASS-12 Subject-Economics Time - 3 Hrs M.M-100

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    sachin1065
    This document provides an economics exam for class 12 with 29 multiple choice and short answer questions testing key concepts. The questions cover topics such as elasticity, costs, market structures, demand and supply determinants, and production analysis. Students are instructed to answer questions between 1 to 5 sentences for short responses and between 90 to 100 words for longer explanations. Diagrams may be used for certain questions to illustrate economic principles.

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    Greenfield Public School Kurukshetra Half Yearly Examination CLASS-12 Subject-Economics Time - 3 Hrs M.M-100

    Uploaded by

    sachin1065
    30 views2 pages
    This document provides an economics exam for class 12 with 29 multiple choice and short answer questions testing key concepts. The questions cover topics such as elasticity, costs, market structures, demand and supply determinants, and production analysis. Students are instructed to answer questions between 1 to 5 sentences for short responses and between 90 to 100 words for longer explanations. Diagrams may be used for certain questions to illustrate economic principles.

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    12th class

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    12th sa 1

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    This document provides an economics exam for class 12 with 29 multiple choice and short answer questions testing key concepts. The questions cover topics such as elasticity, costs, market structures, demand and supply determinants, and production analysis. Students are instructed to answer questions between 1 to 5 sentences for short responses and between 90 to 100 words for longer explanations. Diagrams may be used for certain questions to illustrate economic principles.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views2 pages

    Greenfield Public School Kurukshetra Half Yearly Examination CLASS-12 Subject-Economics Time - 3 Hrs M.M-100

    Uploaded by

    sachin1065
    This document provides an economics exam for class 12 with 29 multiple choice and short answer questions testing key concepts. The questions cover topics such as elasticity, costs, market structures, demand and supply determinants, and production analysis. Students are instructed to answer questions between 1 to 5 sentences for short responses and between 90 to 100 words for longer explanations. Diagrams may be used for certain questions to illustrate economic principles.

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    © All Rights Reserved
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    GREENFIELD PUBLIC SCHOOL KURUKSHETRA

    HALF YEARLY EXAMINATION

    CLASS-12th

    SUBJECT-ECONOMICS

    Time -3 hrs M.M-100

    Note:
    1. All questions are compulsory. However there is internal choice in some questions.
    2. Marks for questions are indicated against each question.
    3. Question No. 1-5 are very short answer questions. They are required to be answered in one
    sentence
    4. Question No. 6-10 are short answer questions. Answer to them should not normally exceed 40
    words each.
    5. Question No. 11-15 are short answer questions. Answer to them should not normally exceed 60
    words each.
    6. Question No. 16-20 are also short answer questions. Answer to them should not normally exceed
    70 words each.
    7. Question No. 21-24 are long answer questions. Answer to them should not normally exceed 90
    words each.
    8. Question No. 25-29 are long answer questions. Answer to them should not normally exceed 100
    words each.

    1. If due to fall in the price of good X, demand for good Y rises, the two goods are.
    (a) Substitutes (c) Not related
    (b) Complements (d) Competitive 1
    2. Give equation of budget line 1
    3. Define Utility. 1
    4. Who is considered as the Father of Economics? 1
    5. Define Economics 1
    6. Define mixed economy 2
    7. Define indifference curve. 2
    8. Name the central problems of an economy. 2
    9. Distinguish Desire, Want and Demand 2
    10. What is law of demand? 2
    11. What will be the impact of recently launched ‘Clean India Mission’ (Swachh Bharat
    Mission) on the production possibilities curve of the economy and why? 3
    OR
    What will likely be the impact of large scale outflow of foreign capital on production
    possibilities curve of the economy and why?
    12. The measure of price elasticity of demand of a normal good carries minus sign while
    price elasticity of supply carries plus sign. Explain why. 3

    13. There are large numbers of buyers in a perfectly competitive market. Explain the
    significance of this feature. 3

    14. Explain any three exceptions in the law of demand. 3

    15. Differentiate between fixed cost and variable cost. 3

    16. A consumer spends Rs. 1000 on a good priced at Rs. 8 per unit. When price rises by 25%,
    the consumer continues to spend Rs.1000 on the good. Calculate price elasticity of
    demand by percentage method. 4

    17. Define Cost. State the relation between total cost and marginal cost. 4

    18. Government of India has launched ‘Jan-Dhan Yojana’ aimed at every household in the
    country to have at least one bank account. Explain how deposits made under the plan are
    going to affect national income of the country. 4

    19. Why the demand curve of a normal good is downward sloping. 4

    20. Explain the geometric method of price elasticity of demand 4


    OR
    Explain four factors affecting price elasticity of demand
    21. Explain the relation between total utility and marginal utility with the help of the
    diagram 5
    22. What is law of supply? Also explain its determinants. 5

    23. What is forward shifting in demand curve? Explain it with the help of a table and
    Diagram. OR 5
    What is backward shifting in demand curve? Explain it with the help of a table and
    Diagram.
    24. What is greater than unitary elastic demand? Explain it with the help of a diagram 5
    25. Market for a good is in equilibrium. The demand for the good ‘increases’. Explain the
    chain of effect of this change. 6
    26. What are the determinants of demand 6
    27. Explain the different phases of law of variable proportions with help of suitable
    Diagrams 6
    28. Explain the features of perfect competition. 6
    OR

    Explain the features of monopolistic competition.

    29. What is monopoly? Explain its features. 6

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