RBSE Class 12 Economics Model Paper 2 English Medium are part of RBSE Class 12 Economics Board Model Papers. Here we have given RBSE Class 12 Economics Sample Paper 2 English Medium.
|Paper Set||Model Paper 2|
|Category||RBSE Model Papers|
RBSE Class 12 Economics Sample Paper 2 English Medium
Time: 3.15 Hours
Maximum Marks: 80
General Instructions to the Examinees
- Candidate must write his/her Roll No. on the question paper compulsorily.
- All the questions are compulsory.
- Write the answer to each question in the given answer book only.
- For questions having more than one part, the answers to those parts are to be written together in continuity.
- Write down the serial number of the question before attempting it.
Section Q. Nos Marks per question Word limit of answer A 1-10 1 10 Words B 11-18 2 20 Words C 19-27 4 30-40 Words D 28-30 6 250-300 Words
- Question Nos. 28,29 and 30 have internal choices.
SECTION – A
From which Greek word has the word ‘Macro’ originated? 
By which other name is micro economics known? 
On what basis are decisions taken in a capitalist economy? 
What is meant by function? 
What is meant by social cost? 
What is meant by excess supply? 
Where do families and firms sector deposit their savings? 
Give any one example of direct tax. 
What are consumer goods? 
Write any one objective of government budget. 
SECTION – B
Write the major reasons of economic problem arising due to limited availability of resources. 
Explain the indifference curve. 
What is meant by very short term market? 
Which goods are known as capital goods? 
Calculate intermediate consumption from the following data- 
|1. Cost of production||200|
|2. Net value added at factor cost||80|
|3. Sales tax||15|
Build the formula for the equilibrium level of income. 
Differentiate between revenue and capital expenditure. 
What is meant by US SD? 
Explain the income effect. 
Total fixed cost of a firm is Rs. 10, and its cost schedule is given below. Calculate total variable cost and total cost- 
|Quantity of Production||1||2||3||4|
What is the difference between sales by grading and sales by sample? 
Explain Price Floor with the help of a graph. 
What is meant by Gross National Product (GNP) at market price? 
Explain the difference between savings account and current account. 
Which measures of monetary policy are applied during inflation? 
Complete the table given below- 
|Income||‘ Consumption||Marginal Propensity to Consume||Average Propensity to Save|
Savings from Balance of Trade of a country is Rs. 3,000 crore. If the value of exports is Rs. 8,000 crore, calculate the value of imports. 
SECTION – D
Define the price elasticity of demand and also differentiate between law of demand and elasticity of demand. 
What is meant by marginal utility and total utility? Explain the relationship between both of them with the help of a graph.
Explain the law of variable proportions in detail. 
Explain ‘supply’ and describe the factors which affect the supply.
Describe the functions of Reserve Bank of India in detail. 
Perform a comparative analysis between central bank and commercial bank on the basis of their functions.
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