Economics Model Question Paper Himachal Pradesh : Plus Two / 12th Std / +2 www.hpeducationboard.nic.in

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Document Described : Economics Question Paper, Himachal Pradesh Question Paper

Himachal Pradesh Board of School Education
MODEL QUESTION PAPERS
Plus Two Examination March 2009
ECONOMICS
Time Allowed : 3 hrs. Maximum Marks : 85

General Instructions :
All questions are compulsory.
All parts of one question should be attempted at one place.
Marks of each question are given in front of it.

http://hpeducationboard.nic.in/ModelQP.htm
http://hpeducationboard.nic.in/plus2_model_paper.pdf

What do you mean by Economics ?
What is Economic activity ?
What do you understand by Utility ?
What is meant by Market ? (1×4=4)
What is meant by economic problem ? Why does it arise ? (2)
Explain the relationship between the Average product and Marginal product. (2)
Explain the meaning of Consumer's equilibrium with the help of a table and diagram.(3)
Explain increase in demand and decrease in demand with the help of diagram. (3)
Explain the characteristics of a perfect competition market. (3)
Complete the following table: (3)
Output Units Total Cost (TC) (AVC) Average Variable (M.C.) Marginal
Cost Cost
0 100
1 150
2 190
3 220
4 236
5 270
Explain the relationship between AR and MR with the help of diagrams and schedules.(4)
What do you understand by Equilibrium Price ? How does the forces of demand and supply affect the equilibrium price ?
What do you understand by price elasticity of demand ? How is it measured ?(5)
Explain the law of variable proportion. (5)
What is the meaning of supply ? Explain the factors affecting supply of a commodity.(5)
OR
Why does demand curve slope down-ward to right ?
Distinguish between the fixed cost and variable cost. (2.5+2.5=5)
What do you understand by Macro economics ?
What is meant by Gross Domestic Product (GDP)
What is batar system of exchange ?
What is meant by Propesity to consume ? (1×4=4)
What is the difference between the private income and personal income ? (2)
Explain three components of aggregate demand. (2)
What is the difference between balance of payment and balance of trade ? (2)
Clearly explain the significance of Government expenditure in the modern economies.(3)
Calculate the domestic product at factor cost in following datas:(3)
(Item)(Crores Rs.)
Compensation of employees
Operating Surplus
Mixed Income
Consumption on fixed capital
Net Indirect Taxes
What are the main functions of money ? (3)
What do you understand by Central Bank ? Explain its function. (4)
Give details of the various measures to control budgetary deficit. (4)
Define investment multiplier. What is the relationship between investmentmultiplier and marginal propensity to consume. (5)
Explain four sector circular flow of income model. (5)
What is meant by disequilibrium in the balance of payments ? What are its causes ? Explain.
OR
Write short notes on :
What is excess demand ? What is its impact on output and price ? (2)
Write short explanation of variable system of exchange.(3)