RBSE Class 12 Economics Model Paper 4 English Medium are part of RBSE Class 12 Economics Board Model Papers. Here we have given RBSE Class 12 Economics Sample Paper 4 English Medium.
|Paper Set||Model Paper 4|
|Category||RBSE Model Papers|
RBSE Class 12 Economics Sample Paper 4 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
Give the definition of economics. 
Write any one point of importance of macro economics. 
When was the book “The General Theory” associated with macro economics published? 
What is meant by short run production function? 
What is meant by marginal cost? 
What is meant by domestic market? 
What is meant by stock? 
What is the name given to the calculation of national income done on domestic basis? 
Describe the relationship between NDP and NNP with the help of an equation. 
When does trade deficit take place? 
SECTION – B
“Micro and macro economics are complimentary to each other.” Explain this statement. 
Explain the effect of change in income on the demand curve with the help of a graph. 
Write the meaning of monopoly. 
What is meant by monetary flow? 
Calculate national income with the help of the following data- 
|Items||In crore rupees|
|1. Operating surplus||200|
|2. Wages and Salaries||700|
|3. Net factor income from abroad||-10|
|4. Social security scheme of the employee||100|
|5. Rent and Royalty||50|
If Average Propensity to Consume (APC) is 0.2, 0.4, 0.7 then calculate Average Propensity to Save (APS). 
Give two arguments in favour of floating capital exchange rate. 
What do you understand by the term AEPS? 
SECTION – C
Why is the budget line downward sloping? Explain. 
Complete the following table- 
|Quantity of Goods (q)||Total Revenue (TR)||Marginal Revenue (MR)||Average Revenue (AR)|
Differentiate between monopolistic competition and oligopoly. 
Show the effect of shift in the demand curve on equilibrium price and quantity with the help of graph. 
What is meant by Personal Income? 
What is the difference between Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)? 
Explain aggregate demand in open and closed economy. 
Complete the following table- 
|Income (Y)||Saving (S)||Marginal Propensity to Consume (MPC)||Average Propensity to Consume (APC)|
Calculate the balance of account of Balance of Payments. Is the remainder of the Balance of Payments account balanced? 
|Items||Amount (in Rupees)|
|1. Capital account balance||400 crore|
|2. Value of exports||150 crore|
|3. Value of exports||450 crore|
|4. Unilateral transfers||100 crore|
|5. Visible trade balance||200 crore|
SECTION – D
Clarify the limitations of the Law of Equi-marginal Utility. 
Describe the various determinant factors of demand.
Describe the various conditions of Total Product, Average Product and Marginal Product in detail. 
Differentiate between short run and long run production function and describe them in detail.
Clearly explain savings bank account and current account. 
Which functions are performed by the Reserve Bank of India? Explain
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