RBSE Class 12 Economics Model Paper 3 English Medium are part of RBSE Class 12 Economics Board Model Papers. Here we have given RBSE Class 12 Economics Sample Paper 3 English Medium.
|Paper Set||Model Paper 3|
|Category||RBSE Model Papers|
RBSE Class 12 Economics Sample Paper 3 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
Who has defined economics as the study of wealth? 
When did Ragnar Frisch use the words micro and macro economics for the first time? 
Who is the decision maker in macro economics? 
What is meant by ‘Padto? 
What are the functions of an entrepreneur? 
Define the term ‘market’. 
What is meant by closed economy? 
When is domestic factor income greater than the national income? 
What is meant by monetary flow? 
What is meant by Balance of Trade? 
SECTION – B
Describe the characteristics of production possibility curve. 
Explain the effect of increase in the price of substitute goods on the demand of a the help of a graph. 
Write the meaning of perfect competition market. 
What is meant by monetary investment? 
Calculate the cost of production from the data given below- 
|1. Net value added at factor cost||100|
|2. Intermediate consumption||75|
|3. Excise duty||20|
If autonomous investment in an economy is Rs. 400 and the given consumption function C = 80 + 0.75 Y, then what will be the equilibrium level of income? 
Give arguments in favour of fixed exchange rate. 
What is meant by NEFT?
SECTION – C
What is meant by total utility? How Is it calculated in mathematical form? 
Total Product (TP) has been given in the following table. Calculate Average Product (AP) and Marginal Product (MP). 
|Units of Variable Factor – Labour||Total Product|
Differentiate between monopoly and duopoly. 
Explain the supply of labour in a perfect competition market with the help of a graph. 
What is meant by Personal Disposable Income? 
Mention four central banking related functions of the Reserve Bank of India. 
Write four measures adopted by the government to check inflation. 
Income generated in an economy is two times the autonomous investment. Calculate the value of MPC and MPS. 
Calculate the total expenditure of the government using the following data- 
|Items||Amount (in Rupees)|
|Loans and other liabilities||50,000 crore|
|Revenue receipts||3,00,000 crore|
|Non-debt capital receipts||20,000 crore|
Interpret the Law of Equi-marginal Utility. 
Describe the determining factors of the elasticity of demand in detail.
What is the effect of technological changes on the supply curve? Explain with the help of graph. 
Describe the concept of Production Function in detail.
Commercial banks accept deposits from public through the medium of which accounts? 
How has money removed the faults of barter exchange system?
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