SCERT Kerala Class XII Economics Sample Question Paper 2015

Organisation : State Council of Educational Research & Training
Exam : Higher Secondary Education Exam
Subject : Economics
Document Type : Sample Question Paper
Year : 2015
Class : XII STD

Website : http://www.scert.kerala.gov.in
Download Sample Question Paper : https://www.pdfquestion.in/uploads/8452economicsXII.pdf

Economics Class XII Sample Question Paper :

Maximum : 80 Score
Time: 2 ½ hrs
Cool off time : 15 mts

Related : SCERT Kerala Class XII History Sample Question Paper 2015 : www.pdfquestion.in/8448.html

General Instructions to candidates:
** There is ‘Cool off time’ of 15 minutes in addition to the writing time of 2 hrs.
** You are neither allowed to write your answers nor to discuss anything with others during the ‘cool off time’.
** Use the ‘cool off time’ to get familiar with questions and to plan your answers.
** Read the questions carefully before answering
** All questions are compulsory and only internal choice is allowed.
** When you select a question, all the sub-questions must be answered from the same question itself.
** Calculations, figures and graphs should be shown in the answer sheet itself.
** Malayalam version of the questions is also provided.
** Give equations wherever necessary
** Only nonprogrammable calculators are allowed in the Examination Hall.

1. If the price of commodity ‘x’ increases, the quantity demanded of commodity of also increases, then the commodity x and y are
a) Complementary goods
b) Substitutes
c) giften goods
d) Inferior goods

2. MPC + MPS is always equal to…..
a) Zero
b) Less than one
c) One
d) Greater than one

3. Which of the following do not fall into ‘Capital receipts’
a) Loans from RBI
b) Loans from the Public
c) Receipts from the sale of share of PSUs
d) Loans to the state governments

4. In the diagram Movement from A to B denotes that
a) Moving from fuller utilization to under utilization
b) Such a movement has no opprotunity lost
c) A natural calamity has occured in the country.
d) Such movement has high opportunity lost

5. Write down any two Central Problems faced by an economy

6. A household’s monthly consumption of rise fell down from 12 Kg to 10 kg as the price of rise increased from Rs. 30 to Rs. 40. Calculate the price elastcity demand for rise and analyse its impact on total monthly expenditure of household (5)
7. Draw the diagram and explain the price determination under perfect compelition with the situation of free entry and unit. (2)
8. Match the following
A B
a) Slope of indifference – P = AVC curve
b) Break even point – M/h
c) Shutdown point – Net National Product
d) GNP – Depreciation – Marginal rate of substitution
e) Money multiplies – Normal profit (5)

9. In a rural tomato market only three consumers are there. Demand functions of there three consumers are given below
Consumer 1 – d1 (p) = 15 – P 0 = ? = = 15
Consumer 2 – d2 (p) = 20 – P 0 = ? = = 20
Consumer 3 – d3 (p) = 25 – P 0 = ? = = 25 ? from the above information derive market demand function and a market demand schedule for prices 5, 10, 15, 20 (3)
10. Distinguish between transaction motive and speculative motive of demand for money (2)
11. ‘A change in the value marginal propensity to import will influence the open econ,y multiplies’ Explain (3)
12. Identify the three factors that will affect the supply curve of the firm (3)

13. As a economics student you observed that the price of sugar is increasing. You are asked to find out a method to control the high price of sugar in the government intervention methods you studied such as minimum price and maximum price which one would you suggest? Explain (3)

14. a. The perfectly competitive markets, a production and sale of a larger quantity of the commodity, compared to a monopoly frim’ Substantiate yours views will suitable diagram? (8)
b. ‘Profit maximisation is one of the goals of the firms ‘Analyse the two different ways that are used to find out a firms profit maximising level of output?

15. From the statements given below choose the correct one
a. When the elasticity of demand curve is less than one, the total revenue is maximum
b. When the exasticity of demand curve is greater than one the total revenue is decreasing.
c. When marginal revenue is zero, total revenue is maximum
d. When marginal revenue is negative total revenue will be increasing (1)
16. Trade deficit is
a. export > Import
b. government revenue > government expenditure
c. Import > Export
d. government expenditure> government revenue (1)
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