Gujarat Board Class 12 Economics Sample Papers 2005

ECONOMICS 


Time 3 Hours                             Maximum Marks : 100

Note: (1) This Question Paper consists of two Part-A is from Core modules and Part-B from Optional modules.

(ii) Attempt all questions from Part-A and any one Option from Part-B.

(iii) Answer to questions carrying I mark should riot exceed one or two sentence(s), 2 marks should not exceed 30 words, 4 marks should not exceed 60 words and 8 marks should not exceed 120 words.

PART-A

1. When is a pie-diagram used?                                                       1

2. What is meant by statistics in singular sense?                             1

3. Define domestic product.                                                            1

4. What is meant by total revenue?                                                  1

5. Give the meaning of fiscal deficit.                                                1

6. What is cash reserve ratio?                                                           1

7. What is the difference between economic growth and economic development?          2

8. State any two uses of index number.                                                                              2

9. What is the purpose of calculating national income at constant prices?                          2

10. What will be the effect of increase in demand of a commodity on its equilibrium price and equilibrium quantity?                      2

11. Give the meaning and two examples of capital receipts.                                               2

12. Giving reasons, categories the following into producer and consumer goods:               4

(a) Sewing machine purchased by a household

(b) Milk purchased by a restaurant

(c) Stationery purchased by a bank

(d) A pen purchased by a student

13. Calculate arithmetic average from the following data.                                                   4

Class Frequency
0-4 4
4-8 6
8-12 6
12-16 4
14. Calculate ‘gross national product at factor cost’ from the following data:                    4

  Rs (in crores)
(i) Value of output 7,000
(ii) Net indirect tax 200
(iii) Net domestic product at market price 3,500
(iv) Net factor income from abroad
(v) Consumption of fixed capital (-)100
300
15. Explain the following objectives of budgetary policy                                                    4

(a.) Price stability

(b) Promoting economic growth

16. Complete the following table                                                                                         4

Output (units) Total cost (Rs) Total variable cost (Rs) Marginal cost (Rs)
0 12 -- --
1 20 -- --
2 -- 25 --
3 30 -- --
4 -- 14 --
17. Explain the role of `open market operations' in regulating the lending capacity of banks.           4

18. Explain the for major changes introduced in fiscal policy under economic reforms.                    4

19. Explain the. problem of ‘for whom to produce’.                                                   4

20. The following table shows the marks obtained by 20 students in an examination. Prepare (a) a frequency array and (b) a frequency distribution by inclusive method with class interval of 5 :                      8

Marks Marks Marks Marks
0 5 10 15
1 6 10 16
2 6 11 16
2 7 12 18
4 8 14 19
21. Explain the industrial classification of production units for estimating domestic product.                     8

22. Explain the law of demand with the help of a demand schedule. Also explain any two exceptions to this law.        8

23. Explain any four main objectives of planning in India.                                        8