RBSE Class 12 Economics Model Paper 3 English Medium

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.

Board	RBSE
Textbook	SIERT, Rajasthan
Class	Class 12
Subject	Economics
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

1. Candidate must write his/her Roll No. on the question paper compulsorily.
2. All the questions are compulsory.
3. Write the answer to each question in the given answer book only.
4. For questions having more than one part, the answers to those parts are to be written together in continuity.
5. Write down the serial number of the question before attempting it.

6. 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

7. Question Nos. 28,29 and 30 have internal choices.

SECTION – A

Question 1.
Who has defined economics as the study of wealth? [1]

Question 2.
When did Ragnar Frisch use the words micro and macro economics for the first time? [1]

Question 3.
Who is the decision maker in macro economics? [1]

Question 4.
What is meant by ‘Padto? [1]

Question 5.
What are the functions of an entrepreneur? [1]

Question 6.
Define the term ‘market’. [1]

Question 7.
What is meant by closed economy? [1]

Question 8.
When is domestic factor income greater than the national income? [1]

Question 9.
What is meant by monetary flow? [1]

Question 10.
What is meant by Balance of Trade? [1]

SECTION – B

Question 11.
Describe the characteristics of production possibility curve. [2]

Question 12.
Explain the effect of increase in the price of substitute goods on the demand of a the help of a graph. [2]

Question 13.
Write the meaning of perfect competition market. [2]

Question 14.
What is meant by monetary investment? [2]

Question 15.
Calculate the cost of production from the data given below- [2]

Items	In Lakh
1. Net value added at factor cost	100
2. Intermediate consumption	75
3. Excise duty	20
4. Subsidy	5
5. Depreciation	10

Question 16.
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? [2]

Question 17.
Give arguments in favour of fixed exchange rate. [2]

Question 18.
What is meant by NEFT?

SECTION – C

Question 19.
What is meant by total utility? How Is it calculated in mathematical form? [4]

Question 20.
Total Product (TP) has been given in the following table. Calculate Average Product (AP) and Marginal Product (MP). [4]

Units of Variable Factor – Labour	Total Product
0	0
1	5
2	12
3	20
4	28
5	35

Question 21.
Differentiate between monopoly and duopoly. [4]

Question 22.
Explain the supply of labour in a perfect competition market with the help of a graph. [4]

Question 23.
What is meant by Personal Disposable Income? [4]

Question 24.
Mention four central banking related functions of the Reserve Bank of India. [4]

Question 25.
Write four measures adopted by the government to check inflation. [4]

Question 26.
Income generated in an economy is two times the autonomous investment. Calculate the value of MPC and MPS. [4]

Question 27.
Calculate the total expenditure of the government using the following data- [4]

Items	Amount (in Rupees)
Loans and other liabilities	50,000 crore
Revenue receipts	3,00,000 crore
Non-debt capital receipts	20,000 crore

SECTION- D

Question 28.
Interpret the Law of Equi-marginal Utility. [8]
OR
Describe the determining factors of the elasticity of demand in detail.

Question 29.
What is the effect of technological changes on the supply curve? Explain with the help of graph. [8]
OR
Describe the concept of Production Function in detail.

Question 30.
Commercial banks accept deposits from public through the medium of which accounts? [8]
OR
How has money removed the faults of barter exchange system?

We hope the given RBSE Class 12 Economics Model Paper 3 English Medium will help you. If you have any query regarding RBSE Class 12 Economics Sample Paper 3 English Medium, drop a comment below and we will get back to you at the earliest.