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.
Board | RBSE |
Textbook | SIERT, Rajasthan |
Class | Class 12 |
Subject | Economics |
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
Question 1.
Give the definition of economics. [1]
Question 2.
Write any one point of importance of macro economics. [1]
Question 3.
When was the book “The General Theory” associated with macro economics published? [1]
Question 4.
What is meant by short run production function? [1]
Question 5.
What is meant by marginal cost? [1]
Question 6.
What is meant by domestic market? [1]
Question 7.
What is meant by stock? [1]
Question 8.
What is the name given to the calculation of national income done on domestic basis? [1]
Question 9.
Describe the relationship between NDP and NNP with the help of an equation. [1]
Question 10.
When does trade deficit take place? [1]
SECTION – B
Question 11.
“Micro and macro economics are complimentary to each other.” Explain this statement. [2]
Question 12.
Explain the effect of change in income on the demand curve with the help of a graph. [2]
Question 13.
Write the meaning of monopoly. [2]
Question 14.
What is meant by monetary flow? [2]
Question 15.
Calculate national income with the help of the following data- [2]
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 |
Question 16.
If Average Propensity to Consume (APC) is 0.2, 0.4, 0.7 then calculate Average Propensity to Save (APS). [2]
Question 17.
Give two arguments in favour of floating capital exchange rate. [2]
Question 18.
What do you understand by the term AEPS? [2]
SECTION – C
Question 19.
Why is the budget line downward sloping? Explain. [4]
Question 20.
Complete the following table- [4]
Quantity of Goods (q) | Total Revenue (TR) | Marginal Revenue (MR) | Average Revenue (AR) |
1 | …… | …… | 10 |
2 | 9 | …… | …… |
3 | …… | 6 | 24 |
4 | …… | 4 | 28 |
Question 21.
Differentiate between monopolistic competition and oligopoly. [4]
Question 22.
Show the effect of shift in the demand curve on equilibrium price and quantity with the help of graph. [4]
Question 23.
What is meant by Personal Income? [4]
Question 24.
What is the difference between Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)? [4]
Question 25.
Explain aggregate demand in open and closed economy. [4]
Question 26.
Complete the following table- [4]
Income (Y) | Saving (S) | Marginal Propensity to Consume (MPC) | Average Propensity to Consume (APC) |
0 50 100 150 200 | -20 -10 0 30 60 |
Question 27.
Calculate the balance of account of Balance of Payments. Is the remainder of the Balance of Payments account balanced? [4]
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
Question 28.
Clarify the limitations of the Law of Equi-marginal Utility. [6]
OR
Describe the various determinant factors of demand.
Question 29.
Describe the various conditions of Total Product, Average Product and Marginal Product in detail. [6]
OR
Differentiate between short run and long run production function and describe them in detail.
Question 30.
Clearly explain savings bank account and current account. [6]
OR
Which functions are performed by the Reserve Bank of India? Explain
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