Board : Central Board Of Secondary Education
Exam :AISSCE Economics
Document Type : Question Paper
Website : cbse.nic.in
Download Previous/ Old Question Papers : https://www.pdfquestion.in/uploads/6643-Economics_Code_No_58_Set_No_1.pdf
Economics Sample Question Paper – I :
Class – XII
Time – 3 Hours.
Maximum Marks – 100
Related : Central Board Of Secondary Education AISSCE Accountancy Question Paper : www.pdfquestion.in/6642.html
Instructions :
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying
4. Question Nos. 6-10 and 22-26 are short-answer questions carrying
5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying
6. Question Nos. 14-16 and 30-32 are long-answer questions
7. Answer should be brief and to the point and the above word
Section A :
1. State two features of resources that give rise to an economic
2. What happens to total expenditure on a commodity
when its price falls and its demand is price elastic?(1)
3. What happens to equilibrium price of a commodity
4. Give the meaning of equilibrium price. (1)
5. What is meant by cost in economics? (1)
6. State any three factors that cause an ‘increase’ in demand
7. What will be the price elasticity of supply at a point on a positivel
8. Explain the shape of a production possibility frontier.
Explain the Central problem “how to produce.”(3)
9. How does the nature of a commodity influence its price elasticity
10. Explain the changes that will take place in the market
11. Calculate the price elasticity of demand for a commodit
12. Explain the relation between marginal revenue and average revenue
when a firm is able to sell more quantity of output
(i) at the same price. (ii) only by lowering the price.
Explain the effect of the following on the supply of a commodity:
(a) Fall in the prices of factor inputs.
(b) Rise in the prices of other commodities.(4)
14. Why does the difference between Average Total Cost
15. Explain the implications of the following features of perfe
Section B :
17. Give the meaning of involuntary unemployment. (1)
18. What is the relationship between marginal propensity
19. The price of 1 US Dollar has fallen from Rs 50 to Rs 48.
20. State the two components of money supply. (1)
21. What is meant by cash reserve ratio? (1)
22. From the following data relating to a firm,
calculate its net value added at factor cost : (Rs in Lacs)
(i) Subsidy 40 (ii) Sales 800 (iii) Depreciation 30 (iv) Exports 100
(v) Closing stock 20 (vi) Opening stock 50 (vii) Intermediate purchases 500
23. Give the meaning of Nominal GDP and Real GDP.
24. ‘Machine’ purchased is always a final good.’ Do you agree?
25. Explain the effect of depreciation of domestic currency on exports.
Objectives:
** Understanding of some basic economic concepts and development of economic reasoning which the learners can apply in their day-to-day life as citizens, workers and consumers.
** Realisation of learners’ role in nation building and sensitivity to the economic issues that the nation is facing today.
** Equipment with basic tools of economics and statistics to analyse economic issues. This is pertinent for even those who may not pursue this course beyond senior secondary stage.
** Development of understanding that there can be more than one view on any economic issue and necessary skills to argue logically with reasoning.
Part A: Fundamentals of Physical Geography 87 Periods
Unit-1: Geography as a Discipline 04 Periods
** Geography as an integrating discipline, as a science of spatial attributes.
** Branches of Geography; Physical Geography and Human Geography.
** Scope and Career Options
Unit-2: The Earth 11 Periods
** Origin and evolution of the earth; Interior of the earth.
** Wegener’s continental drift theory and plate tectonics.
** Earthquakes and volcanoes: causes, types and effects.
Unit-3: Landforms 20 Periods
** Rocks: major types of rocks and their characteristics.
Part A :
Statistics for Economics :
In this course, the learners are expected to acquire skills in collection, organisation and presentation of quantitative and qualitative information pertaining to various simple economic aspects systematically. It also intends to provide some basic statistical tools to analyse, and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behaviour of various economic data.
Unit 1: Introduction 07 Periods
What is Economics?
Meaning, scope, functions and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of data 27 Periods
Collection of data – sources of data – primary and secondary; how basic data is collected, with concepts of Sampling; Sampling and Non-Sampling errors; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.
Organisation of Data: Meaning and types of variables; Frequency Distribution.
Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and ogive) and (iii) Arithmetic line graphs (time series graph).