TEAM MEMBERS - DelE Directorate of...

1 XII – Economics

LIST OF MEMBERS WHO PREPAREDQUESTION BANK FOR ECONIMICS FOR CLASS XII

TEAM MEMBERS

Sl. No. Name Designation

1. Dr. M.L. Kaushik Principal(Team Leader) Rajkiya Pratibha Vikas Vidyalaya

Nand Nagari, Delhi-110093

2. Sh. Narendra Chandra Vice PrincipalG.B.S.S.S. (Kamdhenu)Plot-II, Mangol Puri,Delhi-110083

3. Sh. Ram Kishan Chauhan P.G.T. (Economics)Rajkiya Pratibha Vikas VidyalayaNand Nagari, Delhi-110093

4. Sh. Sanjeev Kumar P.G.T. (Economics)G.B.S.S.S. No. 2,Ghonda, Delhi-110053

5. Mrs. Neelam Vinayak P.G.T. (Economics)Rajkiya Pratibha Vikas VidyalayaLink Road, Karol Bagh,New Delhi

6. Mrs. Balwinder Kaur P.G.T. (Economics)R.D.S.K.V. No. 1Kidwai Nagar,New Delhi-110023

2 XII – Economics

QUESTION BANK

ECONOMICS (Hindi Medium)

DESIGN OF SAMPLE QUESTION PAPER FOR MARCH, 2009EXAMINATION

Time : 3 hours Maximum Marks : 100

The weightage to marks over different dimensions of the question paper shall be as under.

A. Weightage to Current/Subject units

S.No. Content Unit Mark

Part A : Introductory Micro Economics

1. Introduction 4

2. Consumer Behaviour and Demand 13

3. Producer Behaviour and Supply 23

4. Forms of Market and Price Determination 10

5. Simple applications of Tools of demand and supply curves

Total 50

Part B : Introductory Macro Economics

1. National Income and Related Aggregates 15

2. Determination of Income and Employment 12

3. Money and Banking 8

4. Government Budget and the Economy 8

5. Balance of payments 7

Total 50

Grand Total 100

3 XII – Economics

WEIGHTAGE TO FORMS OF QUESTIONS

S.No. Forms of Questions Marks for each No. Totalquestion question Mark

1. Very short answer type (VSA) 1 10 10

2. Short answer type (SAI) 3 10 30

3. Short answer type (SAII) 4 6 24

4. Long answer type (LA) 6 6 36

Total 32 100

C. No. of Sections

The questions paper will have two section A and B.

D. Scheme of Option

There will be no overall choice. However, there is internal choice in one question of 3 marks andone question of 4 marks and one question of 6 marks in each section.

E. Weightage to forms of Questions

S.No. Estimated Difficulty Level of Questions Percentage

1. Easy 30%

2. Average 50%

3. Difficult 20%

F. Typology of Questions

In order to asses different abilities related to the subject, the question paper is likely to include open-ended questions and numerical questions.

4 XII – Economics

5 XII – Economics

yMRTx

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6 XII – Economics

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20

H.O.T.S.

*21

*22

*23

1

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3

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9

10

7 XII – Economics

H.O.T.S.

*11

*12

*13

*14

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13

14 Y X

8 XII – Economics

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yMRTx

23

9 XII – Economics

1.

2.

(i) MUx = Px

(ii)yX

mx y

MUMUMU

P P

10 XII – Economics

(i)

(ii) xxy

y

PMRS

P

(iii)

1

2

3

4

5

1

2

3

4

5


1 0 0

1 0 0

Q Q PQ PEd EdP Q P – P Q

Ed

Y

X

A.

B.

C.

D.

E.

F.


1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18 'x' 'x'

19

20

21

22

23


24

25

26 x

27

28

H.O.T.S.

29

30 X

31

32

33

34 X

1

(A) X

(B) X

(C) X

2

3

4

5


6

7

8

9

10

(A)

(B)

11

12

13

14

15

16

(A)

(B)

17

18

(A)

(B)

19 X Y

(A) X 5%

(B) Y 15%

20

(A)

(B)


21

(A)

(B) Y

(C) X

22

(A)

(B)

(C)

23

(A)

(B)

(C)

24

25 (–2) 1640

26 (–2) 400 300 40

27 2 20%120

28 40 800120

29 4 50 2100

30 X Y X 10% Y 10%X Y


H.O.T.S.

1

2

3

4

5

A X

B

6

7

8

9

10

11

1

2

3

4

5

6


7

8

(HOTS)

9

(A)

(B)

10

(A)

(B)

(C)

11

(A)

(B)

(C)

1

2

3

4

5 x xMU P


6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25


26

27 (i) (ii)

28

(HOTS)

29

30 X Y X

31 Y X

32 Y X

33

34


Ox = f (i1, i2 ..... in)

Ox x

f

i1 i2 ...... in

(TP ) (M P) (A P )

(AP)

TP = AP × L

(MP)

TP MP

TPMP

L


AP

(TP) (MP)

(TP) (MP)

(TP) (MP)

1.

(A)

(B)

2.

(A)

(B)

U

‘X’


1 (TFC) 1 (LAC)

2 (TVC) 2 (LMC)

3 (TC)

4 (AC)

5 (MC)

6 (AFC)

7 (AVC)

(TFC) ‘X’

TFC = TC – TVC Or TFC = AFCX Q

(TVC)

(TVC)

TVC = TC – TFC

TVC = AVC × Q TVC = MC

TC = TFC + TVC

TC = ATC × Q

(AFC)


AFC = TFC

Qor AFC = ATC – AVC

(AVC)

AVC = TVC

Qor AVC = ATC – AFC

U

ATC = AFC + AVC

(MC)

n n 1TVCMC TVC TVC or MC

Q

TR = P × Q or TR = M R

TR P QAR PriceQ Q

(MR)

MR =

TR

Q


(i) (AR) (MR)

(ii) (TR) O

(iii)

TR, AR MR

(i) AR MR MR AR

(ii) MR, AR

(iii) TR

Sx = f (Px, T, Nf, Pf, Gp, Ex.)

(i)

(ii)

(iii)


(iv)

(v)

(vi)

(A)

(B)

(C)

(D)

5

(A)

(B)

5

(C)

(D)

x(es < 1) x-


(es = 1)

TR TC

(level of output)

(a) (TR) (TC)

(b)

(a)

(i)

(ii)

(iii) TR TC

(b)

(i)(MR)

(MC)

(ii) (MC)

TR = TC

1

2


3

4

5

6

7

8 (MP) (TP)

9 (AP) MP AP

10 5 6 17 15

11 (APP) (MPP)

12

13 2022 (AP) (TP)

14

15

16

17 (TPP)

18

19 TPP APP

20

21

22

23

24 (TVC)


25

26

27

28

29

30 5 20 6 125

31 5 20 6200

32 40 20

33 (AFC) ‘X’ ‘Y’

34

35

36

37 ‘A’ 40 3070

38 60 100

39

40 (TR)

41 (MR)

42

43 3 8 4

44 28 2


45

46 1 2 10 9

47

48

49

50

51

52

53

54

55

56

57

58

59

60 Y

61

62

63

64

65

66

67

68


69

70

71

72

73

74

75 TR TC

76

77

HOTS

78

79

80

81

82 (TFC) 'X'

83 X

84

85 40°

86

87

88

1

2


3

4

5

6

7 (ATC) (AVC) (MC)

8

9‘X’ ‘Y’

10

11

12 ‘U’

13

14

15 ‘U’

16

17

(i)

(ii)

(iii)

18


19

20 (TR), (AR) (MR) 10

21

22

0 1 2 3 4 5 6 7 8 9 10

(TC) 5 15 22 27 31 38 49 63 80 101 123

(TR) 0 10 20 30 40 50 60 70 80 90 100

23

1 2 3 4 5

(AR) 10 9 8 7 6

(AC) 10 7 6 6 7

24

0 1 2 3 4 5 6 7

11 10 9 8 7 6 5 4

(MC) 3 2 3 4 5 10 13

(TFC) 3 3 3 3 3 3 3 3

25 (AVC)

0 1 2 3

(TC) 40 50 60 70

26 1018 20


27

1 2 3 4 5

10 8

10 8 0

10 20

28

1 2 3 4 5 6

2 3 4 4 25 3 3 5

29

0 22 20

22

0 20 88

30

31

32

33

34

35

36

37

(A)

(B)

38


39

40

41 400 1,000 40%2

42 800 5% 120

43 80 120144

44 5% 60 66

HOTS

45

1 2 3 4 5 6 7

20 25 30 30 28 25 22

20 30 40 30 20 10 4

46

47

48

49.

50

(A)

(B) AR MR

51

(A)

(B)


52

(A)

(B) AC AVC

53

54

55

(A)

(B)

1

2

1 2 3 4 5 6

50 110 150 180 180 150

3

4

(A)

(B)

(C) MC = AVC

5

6

7.

8

9

10


HOTS

11

(A)

(B)

12

(A)

(B)

(C)

1

2

3

4

5 TP = AP ×

6

7

8 TP

9 MP

10

11 ‘U’

12

13 TP = MP AP = TP/Q

= 20 + 22 = 42/2

= 42 = 21


14

15

16

17

18

19

20

21

22

23

24

25 TVC = MC

26

27 TC TVC TFC

28 TC TFC

29

30 MC = 25

31 MC = 100

32 TVC = 60 AVC = 20

33 TFC

34 n n 1TVCMC TVC TVC or MC

Q

35

36

37 2600


38 40

39

40 TR = ×

41 MR

42 TR

43 28

44 6

45 AR MR

46 8

47 MR

48

49

50

51 (i)

(ii)

52

53

54

55

56

57

58


59

60

61

62

(A)

(B)

63

64

65

66 (i) (ii)

67

68 (i)

(ii)

(iii)

69

70 TR TC

71

(i)

(ii)

(iii) TR TC

72

(i) MR MC

(ii) (MC curve)


73 TR TC

74 TR = TC

75 TR TC

76 TR = TC

77 (i) TR TC

(ii) MR MC

HOTS

78 AR

79

80

81

82

83

84

85

86

87

88


OX


(i)

(ii)


1

2 OX

3

4

5

6

7

8

9

10

11


12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

HOTS

31

32

33

34

35


36

37

38

39

40

1

2

3

(i) (ii)

4

5

6

7

(i)

(i)

(i)

8

9

10

11


12

13

14

HOTS

15

16

17

18

1

2

3

(A)

(B)

4

5

6

6

8

HOTS

9


10

(i)

(ii)

11

1

2

3

4

5

6

7 (i)

(ii)

8

9

10

11

12

13


14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33 (i)

(ii)

34


35

36

37

38

39

40


OY OX

OY OX


(i)

(ii)

(iii)


(NDP )FC

(NNP )FC

+ NFIA

(P.D.I.)(P.D.I.) =


(P.D.I.)

(NDP )FC

+ NFIA

(NNP )FC

1

2 (GVAMP)

3 (NVAMP)

4 (NVAFC)


(GDP )M P

(NDP )FC

(NNP )FC


1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

(i)

(ii)

(iii)

(iv)

17

18

19

20


(i)

(ii)

21 GNP

22

23 GNP

HOTS

24

25

26

27

28

29

30

31 NVAFC NVAmp

1

2

3

4

5

6 (NNPFC)

7

8

9

(i)


(ii)

10

(i) (ii)

(iii) (iv)

(v) (vi)

11

12

13

(i)

(ii)

14

15

HOTS

16

17 GDP GDP

18

19

20

1

2


(i)

(ii)

3

4

5

6

7

8 (NFIA)

HOTS

9

(i)

(ii)

(iii)

10

(i)

(ii)

(iii)

11

(i)

(ii)

(iii)

12

(i)

(ii)

(iii)


1 A B

(i) A 20

(ii) B 15

(iii) A 5

(iv) B 10

(v) A 300

(vi) A B 100

(vii) B A 80

(viii) B 250

(ix) A 50

(x) B 30

A 165

B 205

2 A, B C

(i) A 300 B 200 C

(ii) B 100 300 C

(iii) C 1200

1300

3

(i) 1,000

(ii) 100


(iii) 150

(iv) 500

(v) 30

(vi) 60

(vii) 20

(viii) 10

340

4

(i) 600

(ii) 200

(iii) 1800

(iv) 100

(v) 200

(vi) 75

(vii) 600

(viii) 450

(ix) 75

(x) 150

(xi) 80

(xii) 20

(xiii) 50

1,375

5

(i) 300


(ii) 20

(iii) 50

(iv)10

(v) 5

260

6

(i) 1 000

(ii) 70

(iii) 100

(iv) 500

1,400

7

(i) 100

(ii) 200

(iii) 50

(iv) 3,500

(v) 300

(vi) 1,000

(vii) 200

(viii) 300

(ix) 100

5,450

8


(i) (ii)

(iii) (iv)

(i) 9,000

(ii) 1,800

(iii) 1,700

(iv) 28,000

(v) 10,000

(vi) (–)300

(vii) 24,000

(i) 62 000 (ii) 61 700 (iii) 63 700 (iv) 68 900

9

(i) 1 000

(ii) 3 000

(iii) 6 000

(iv) 40 000

(v) 5 000

(vi) 2,000

(vii) 100

(viii) 3,000

(ix) 500

(x) 3,000

(xi) 6,000

68 600


10

(i) 2,000

(ii) 200

(iii) 100

(iv) (–)100

(v) 250

2,550

11

(A) (B) (C)

(i) 100

(ii) 80

(iii) 500

(iv) 30

(v) 65

(vi) 20

(vii) 10

(viii) 20

(ix) 5

(x) 150

(xi) 15

(A) 520 (B) 425 (C) 405

9 (i)

(ii)


(iii)

10 (i)

(ii)

(iii)

11 (i)

(ii)

(iii)

12 (i)

(ii)

(iii)

1

2

3

4

5

6

7

8

9

10


11 (i)

(ii)

12 (i)

(ii)

13

14

15

16 (i)

(ii)

(iii)

(iv)

17

18

19

20 (i) (ii)

21

22

23

24

25

26


27

28

29

30

31 (NVAFC)


(AD)

AD = C + I

(AS)

AS = C + S

AD = AS

AD < AS

(C)

(Y) (C) C = f (Y)


APC MPC

( Y)

( C)

APC = CY

MPC =

CY

C C by

C =

C =

b =

y =

S = f(y)

A P S M P S

A P S = SY

M P S =

SY

S –S sy

S =

S = y = 0

s =

y =

APC APS


MPC MPS

(K)

YKI

(i) MPC MPCMPC

(ii) MPS = 0 K = 1/0 =

(iii) MPS (Inverse) MPS

(iv) MPS = 1 1 1K 1MPS 1

(AD) (AS)

(AD) (AS)

AD = C + I AS = C + S

APC = C/Y MPC = C/Y

APS = S/Y MPS = S/Y

APC + APS = I MPC + MPS = I

APC = I – APS MPS = I – MPC


Y I IK K KI 1 MPC MPS

Y = K · I IY . IMPS

C C MPC Y

S –S MPS Y

1

2

(i)

(ii)

(iii)

(iv)

3

4

5

6

7

8

9

10

11

12 0.1 500

13 100 250

14 600 0.7


15

16

17

18

19

20

21

22

HOTS

23

24

25

26

27

1 C = 20 + 0.9Y 100 200 300 400 500

2 MPS–

(i) 0.10 (ii) 0.20 (iii) 0.25

3 0.9 5000

4 0.25 125

5 400 1600


6

AS C I S AD

100 125 25200 200 25300 275 25400 350 25500 425 25

7

Y C S I S AD

0 60 – – 100 –– – –40 – – 100

200 – – – 260 –– – 0 – – 300

400 380 – – – –

8

MPC APC

0 –2050 –10

100 0150 30200 60

9 APC, MPC, APS MPS

APC MPC APS MPS

0 8001000 15002000 20003000 24004000 27005000 2900

10

MPC

0 – –- 1/2 –– – 3

3/4 – –


11

S = – 10 + 0.2Y

I = – 3 + 0.1 Y

12

13

14

15

16

17 (Excess Demand)

18

19

20

21

22

HOTS

*23 45°

*24

*25

*26

1

2


3

4

5

6

7

8

9 C = 1000 + 0.5Y I = 2000,

(i)

(ii)

10

11

12

13

14

(i)

(ii)

15

(i)

(ii)

HOTS

*16


(i)

(ii)

(iii)

*17 S = –200 + 0.25Y 2000

(i)

(ii)

(iii)

*18

*19

(i)

(ii)

(iii)

(iv)

1

2

3

4


5

6

7 MPC MPS MPC MPS

8 APC APS

9 MPC = 1.

10 MPC MPS = 0

11

12 50

13 MPC = 0.75

14 2000

15

16 1K1 MPC

17

1 1 YKMPS 1 MPC I

18 1 1K , K1 MPC MPS

19

20

21

22

23 AD = C + I

24 APC

25 MPC

26


1.

2.

3.

4.

1.

2.

3.

4.


M1 M2 M3 M4

M1M1

M3(NSC)

1

2

3

4

5

6

1. 3.2.

( i)

( ii)

( iii)

( iv )

( i)

( ii)

( iii)

( iv )

(v)

( i)

( ii)

( iii)

( iv )


1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

1

2

3


4

5

6

7

8

9

10

11

12 SLR CRR

13

14

15 M1 M4

16

17

18

10

20

21

22

23

1

2 (i)

(ii)

3


4

5

6 (i)

(ii)

7 (i)

(ii)

8

9

10

11

12 (i)

(ii)

13

(i)

(ii)

14 (%)

15

16

17

18 (i)

(ii)


19

20


1 31

1

2

3

4

1

2

1

2

1

2


1

2

>

1

2

3

1

2

3

1

2

3


1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24


25

26 8000 10,000

27

HOTS

28

29 4400 400

30 50,000 75,000

31

32

1

2

3

4

5

6

7

8


9

10

11

12

HOTS

13

14

1

2

3

4

1


2

3 (i) (ii)

4

5

6 (i) (ii)

7 (i)

(ii)

8. (i) (ii)

9 (i) (ii)

10

11

12

13

14

15

16

17

18


19

20

21

22

23

24

25

26 18,000

27

28

29

4400 400

4800

30 75,000

31

32


(i)

(ii)


(i)

(ii)

(iii)

(iv)

(i)

(ii)

(iii)

(i)

(ii)

(iii)


(i)

(ii)

1

2

3

4

5 5000 1000

6 300 500

7 100 175

8.

9

10

11

12

13

14

15

16

17

18


19

20

21

22

23

24

(i) (ii)

25.

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42


43

44

45

46

47 $4 = £1 $2 = £1

HOTS

48

49

50

51

52

53

54

1

2

3

4

5

6

7

8

9


10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

1

2

3

4

5 400

6 800

7 75


8

9

10

11

12 (i)

(ii)

13

14

15

16

17

18 (i)

(ii)

19

20

(i)

(ii)

21

22

23

24 (i) (ii)

25


26

27

28

29 (i)

(ii)

30

31 (i)

(ii)

32 (i)

(ii)

33 (i)

(ii)

34 (i)

(ii)

35

36

37

38 (i)

(ii)

39

40

41

42

43


44

45

46

47

48

49

50

51

52

53

54


QUESTION PAPER SET I

3 100

(i)

(ii)

(iii) 1 5 17 21

(iv) 6 10 22 2660

(v) 11 13 27 2970

(vi) 14 16 30 32 6 6100

(vii)

1

2

3

4

5

6

(i) 'X'

(ii) 'X'


(iii) 'X'

7

8

(i)

(ii)

9 TR TC

10

11

12

(i)

(ii)

13 2 400 30040

14

(i)

(ii)

(iii)

15

(i)

(ii)

(iii)


16

16

17

18 5

19

20 110 185

21

22 400 200 B C1000

23

24

(i)

(ii)

(iii)

25

26

27

28

29


30

(i) (ii) (ii)

(i) 1,000

(ii) 235

(iii) 40

(iv) 15

(v) 10

(vi) 25

(vii) 35

(viii) 30

(ix) 05

(x) 15

(i) GDPMP

(ii) (N.N.P.FC)

(i) 13,000

(ii) 3,700

(iii) 7,300

(iv) Interest 1,000

(v) 1,500

(vi) 2,500

(vii) 3,400


(viii) 16,000

(ix) 1,000

(x) 1,800

(xi) 1,700

(xii) 29,000

(xiii) 300

(xiv) (–)250

(xv) 2,800

31

(i)

(ii)

(iii)

32


1

2

3

4

5

6 (i)

(ii)

(iii)

7 (i)

(ii)

(iii)

1.

2

3

8 (i)

(ii)

9 (i)

(ii)

(ii) TR TC


10 (i)

(ii)

(iii)

11

1.

2

3

1. 1.

2. 2.

3. 3.

12 (i)

(ii)

13 P QEdQ P

Ed = –2 P = 40 Q = 400 Q1 = 300

P = ? Q = 100

O 100–2400 – P

–2P = –10

10– P –2

P = + 5

P + P = 40 + 5 = 45

14 (A)


D1

D1

S1

SD

S S1 D

E1

E

P1

PPric

e

O XQuantity demanded/supplied

Y

(B)

D1D

P1

P

S1

S

D1

D

E1

E

S1

S

Y

XQuantity demanded/suppliedQ

Pric

e

(C)

YD1

D

S1

S

P E1E

S1

S D1D

Quantity demanded/supplied

Pric

e

X

15 (i)

(ii)


(iii)

16

MP is Maximum

TP is Maximum and MP = 0

TP

Phase I Phase II Phase IIIQ units of variable in inputs

X

Y

TP

X

Y

MP

units of variable in inputs

M

Q

(i)

(ii)

(iii)


1 20 20 I

2 50 30

3 70 20 II

4 80 10

5 60 –20 III

PART B

17

18 1K1 MPC

151 MPC

5 – 5 MPC = 1

5 –1 = 5 MPC

5 MPC = 4

4MPC .805

Ans.

19

20

110 185

185 110

75


21

22

A B – 400 600

A C – 200

B 400 500 100C 200 500 300

B = Rs. 100 = 1000

C = Rs. 300

24

24 (i)

(ii)

(iii)

25(Credit)

26

(i)

(ii)

(ii)

27

(i)

(ii)

(iii)


28

(i)

(ii)

(iii)

29

YKI

(i)

(ii)

(i)

(ii)

30 (i) (PDI)

= (i) + (ii) = 1000 + 235 = 1235

(ii) = PDI + (iii)

= 1235 + 40 = 1275

(iii) = PI + (vi) + (iv)

= 1275 + 25 + 15 = 1315

(iv)

= (v) – (x) – (viii) – (xi)

1315 – 10 – 15 – 30 –(–10) = 1270


N.I. = 1270 + (vii) + (ix)

NNPFC = 1270 + 35 + 5 = 1310

31

(i) + (ii) + (iv) + (v) + (vi) + (viii) – (xiii) + (iii – xv)

= 1300 + 3700 + 1000 + 1500 + 2500 + 1600 – 300 + (7300 – 2800)

= 41900

vii + (xi – x) + xii + xiv + xv – (ii + xiii)

= 3400 + (1700 + 1800) + 2900 + (–250) + 2800 – (3700 + 300)

= 31450

30 (i)

(ii)

(iii)

31

Y

Q

EI

S

M XIncome/output

(S = I)E OM

(I > S)


SET II

(i)

(ii)

(iii) 1 5 17 22

(iv) 6 10 22 2660

(v) 11 13 27 2970

(vi) 14 16 30 32100

(vii)

1. 1

2. 5% 5%1

3. X X1

4. 1

5. 1

6. 3

7. 3

8. 5 10


40 53

9. 3

10. 1203

0 2 3

40 30 26

11. 4

12.4

13. 4

14. 6

15.

6

16.6

17. 1

18. 1

19. 1

20.

21.


22.

23. 3

24. 3

25.

(i) 75,000

(ii) 30,000

(iii) 7,500

(iv) 2,500

26.

27.

28.

29.

(i)

(ii)

(iii)

(iv) 4

30.

(i) 5

(ii) 100

(iii) –10

(iv) 25

(v) 5

(vi) 20

(vii) 30


(viii) 20

(ix) 50

(x) –5

(xi) –5

(xii) 10

(xiii) 40

31.6

32. 6

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