DGE Tamilnadu Class XII Economics Sample Question Paper : Directorate of Government Examination

Name of the Board : Tamilnadu Directorate of Government Examination
Name of the Exam : HSC – XII STD
Subject : Economics
Document Type : Sample Question Paper

Website : http://dge.tn.gov.in/
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/859212Economics.pdf

Class XII Economics Sample Question Paper :

Time : 3 hrs
Maximum Marks : 200
Answer all questions : 50 X 1 = 50
I. Choose the best answer :-
1. Economics is a ___________ science
a) Natural
b) Physical
c) Social
d) Behavioural

Related : Directorate of Government Examination DGE Tamilnadu Class XII Communicative English Sample Question Paper : www.pdfquestion.in/8590.html

2. Indian Economy is a ___________economy
a) Socialist
b) Capitalist
c) mixed
d) traditional

3. Utility may be defined as
a) usefulness of a commodity
b) the desire for a commodity
c) the units of a commodity consumed
d) the power of a commodity to satisfy human wants.

4. Demand means
a) the readiness to buy a commodity
b) the ability to pay for a commodity
c) the desire to buy and the decision to buy backed by purchasing power
d) a mere desire to buy

5. The concept of equilibrium is always explained with reference to
a) price
b) supply
c) demand
d) time

6. The concept ‘ Division of labour’ was introduced by
a) Alfred Marshall
b) Adam Smith
c) J. M. Keynes
d) J. R. Hicks

7. Private cost is called
a) Explicit and Implicit costs
b) Social cost
c) explicit cost
d) implicit cost

8. Monopoly exists when there is
a) a single producer
b) a single buyer
c) a few producers
d) many producers

9. Rent is the price paid for the use of
a) capital
b) organization
c) labour
d) land

10. The statement ‘ Supply creates its own Demand’ was given by
a) Adam Smith
b) J. M. Keynes
c) J. B. Say
d) Stonier

11. Monetary policy is implemented by
a) Central Government
b) Central and State Governments
c) Central Bank of the country
d) Private enterprises

12. Income tax is a ___________
a) Direct tax
b) Indirect tax
c) both direct tax and indirect tax d) customs duty
13. The relationship between inputs and outputs is known as
a) Cost function b) Production function
c) Profit function d) Revenue function
14. Social cost is borne by
a) firm b) producer c) seller d) society

II. Fill in the blanks:
15. If the cost of borrowing is raised, such policy is known as ___________
16. Modern Governments are ___________ states.
17. ‘Wealth definition’ was given by ___________
18. A Capitalist economy is also called ___________ economy.
19. Utility depends upon the state of ___________ of the consumer.
20. Quantity demanded of a commodity varies inversely with its ___________
21. Internal economies arise from ___________ the firm.
22. In the long run all factors of production are ___________
23. A firm pays ___________ for the labour.
24. In Monopolistic Competition the products are similar but not ___________
25. The Marginal Productivity Theory of distribution is known as theory of ___________ pricing.
26. Macro economics studies the behaviour of ___________ variables.

III. Match the following :
27. Oikos a. C.W. Cobb and P.H. Douglas
28. 12th Finance Commission b. perfect competition
29. Utils c. two sellers
30. Increase in real income d. J. M. Keynes
31. Market period e. Household
32. Homogenous production function f. Dr C. Rangarajan
33. Absence of transport cost g. Effect of fall in price
34. Duopoly h. Utility measured in units
35. Exploitation of labour i. Very short period
36. Liquidity preference theory j. Karl Marx
37. Demand pull inflation k. Amartya Kumar Sen
38. First Nobel Laureate in Economics l. Excess demand

IV. Answer each one of the following questions in a word or two :
39. Who gave the wealth definition of Economics?
40. What was the prize awarded to Amartya Kumar Sen for his outstanding contribution to economics?
41. What is the other name for Marshallian utility analysis?
42. Name the French Mathematician who first stated the Law of Demand.
43. Can the size of plant and technology employed be changed in the market period?
44. Is ‘Capital’ a man – made productive resource?
45. What is the price paid for the use of the power of land according to David Ricardo?
46. What is the difference between revenue receipts and revenue expenditure called?
47. What should be added to a three sector model to make it a four sector model or open economy?
[embeddoc url=”https://www.pdfquestion.in/uploads/859212Economics.pdf”]