RBSE Class 12 Economics Model Paper 2 English Medium

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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.

Board RBSE
Textbook SIERT, Rajasthan
Class Class 12
Subject Economics
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

  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.
From which Greek word has the word ‘Macro’ originated? [1]

Question 2.
By which other name is micro economics known? [1]

Question 3.
On what basis are decisions taken in a capitalist economy? [1]

RBSE Class 12 Economics Model Paper 2 English Medium

Question 4.
What is meant by function? [1]

Question 5.
What is meant by social cost? [1]

Question 6.
What is meant by excess supply? [1]

Question 7.
Where do families and firms sector deposit their savings? [1]

Question 8.
Give any one example of direct tax. [1]

Question 9.
What are consumer goods? [1]

RBSE Class 12 Economics Model Paper 2 English Medium

Question 10.
Write any one objective of government budget. [1]

SECTION – B

Question 11.
Write the major reasons of economic problem arising due to limited availability of resources. [2]

Question 12.
Explain the indifference curve. [2]

Question 13.
What is meant by very short term market? [2]

Question 14.
Which goods are known as capital goods? [2]

Question 15.
Calculate intermediate consumption from the following data- [2]

Items in Lakh
1.   Cost of production 200
2.       Net value added at factor cost 80
3.      Sales tax 15
4.      Subsidy 5
5.   Depreciation 20

Question 16.
Build the formula for the equilibrium level of income. [2]

Question 17.
Differentiate between revenue and capital expenditure. [2]

RBSE Class 12 Economics Model Paper 2 English Medium

Question 18.
What is meant by US SD? [2]

SECTION-C

Question 19.
Explain the income effect. [4]

Question 20.
Total fixed cost of a firm is Rs. 10, and its cost schedule is given below. Calculate total variable cost and total cost- [4]

Quantity of Production 1 2 3 4
Marginal Cost 6 5 4 6

Question 21.
What is the difference between sales by grading and sales by sample? [4]

Question 22.
Explain Price Floor with the help of a graph. [4]

Question 23.
What is meant by Gross National Product (GNP) at market price? [4]

RBSE Class 12 Economics Model Paper 2 English Medium

Question 24.
Explain the difference between savings account and current account. [4]

Question 25.
Which measures of monetary policy are applied during inflation? [4]

Question 26.
Complete the table given below- [4]

Income ‘ Consumption Marginal Propensity to Consume Average Propensity to Save
o 40 ……. …….
……. 120 0.8 …….
……. 200 0.8 …….
……. 280 0.8 …….

Question 27.
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. [4]

SECTION – D

Question 28.
Define the price elasticity of demand and also differentiate between law of demand and elasticity of demand. [8]
OR
What is meant by marginal utility and total utility? Explain the relationship between both of them with the help of a graph.

RBSE Class 12 Economics Model Paper 2 English Medium

Question 29.
Explain the law of variable proportions in detail. [8]
OR
Explain ‘supply’ and describe the factors which affect the supply.

Question 30.
Describe the functions of Reserve Bank of India in detail. [8]
OR
Perform a comparative analysis between central bank and commercial bank on the basis of their functions.

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