AHSEC Class 12 Economics Question Paper 2024

 

AHSEC Class 12 Economics Question Papers 2024

(For New Course Students)

Full Marks: 80

(Part – A = 40 + Part – B = 40)

Pass Marks: 24

(For Old Course Students in lieu of Project works)

Full Marks: 100

(Part – A = 40 + Part – B = 40 + Part – C = 20

Pass Marks: 30

Time: Three hours

Those who appeared H.S. Final Exam till 2024

have been treated as Old Course students

The figures in the margin indicate full marks for the questions.

PART – A

1. Answer any four of the following questions:    1x4=4

(a) What is intermediate good?

(b) If MPS = 1, what is the value of MPC?

(c) Primary Deficit = Fiscal Deficit – _______ (Fill in the blank)

(d) Which one of the following is not a quantitative credit control measure of the central bank?

(i) Bank rate.

(ii) Open market operation.

(iii) Variable reserve ratio.

(iv) Direct control.

(e) Write one merit of flexible exchange rate.

(f) What is GDP deflator?

2. Answer any five of the following questions:     2x5=10

(a) Differentiate between capital expenditure and revenue expenditure.

(b) What are the components of high-powered money?

(c) What are the transactions that are included in the capital account of balance of payments?

(d) Define personal income and personal disposable income.

(e) As a result of increase in investment by Rs. 125 crores, national income increases by 500 crores. Calculate the value of the multiplier.

(f) Distinguish between stock and flow.

(g) Write any two implications of revenue deficit.

3. Answer any two of the following questions:     3x2=6

(a) Write any three limitations of barter system.

(b) What is balance of payments deficit? Write two causes of balance of payments deficit.

(c) Write a short note on: Autonomous and Induced Investment.

(d) What is a government budget? What are the components of government budget?

4. Answer any two of the following:         6x2=12

(a) Discuss the motives of demand for money? What is liquidity trap?      5+1=6

(b) Briefly discuss the income method of calculating national income. From the following data calculate Gross National Product at market price (GNP_MP).              4+2=6

	(in Rupees Crore)
(i) Mixed income of self-employed (ii) Compensation of employees (iii) Net factor income from abroad (iv) Net Indirect Taxes (v) Consumption of fixed capital (vi) Profits (vii) Rent (viii) Interest	400 500 (– 20) 100 120 350 100 150

 

(c) Discuss the functions of commercial bank.

(d) Define aggregate demand and aggregate supply. Compute the following table and determine the equilibrium level of income:                           2+4=6

Aggregate Supply (AS)	Consumption (C)	Savings (S)	Investment (I)	Aggregate Demand (AD)
900	780		40
800	700		40
700	620		40
600	540		40
500	460		40
400	380		40
300	300		40
200	220		40
100	140		40

 

5. Answer any one of the following:        8x1=8

(a) What is fiscal policy? Discuss the impact of changes in government expenditure and changes in taxes on equilibrium income.        2+3+3=8

(b) Explain the determination of exchange rate under flexible exchange rate system.

(c) Write short notes on:               4+4=8

(i) Demonetisation.

(ii) Fiscal Responsibility and Budget Management Act, 2003.

Also Read: AHSEC Class 12 Economics Question Paper

PART – B

6. Answer any four of the following questions:    1x4=4

(a) What is underdeveloped economy?

(b) In which year World Trade Organisation (WTO) was formed?

(c) Write the full form of SHG.

(d) Write one objective of NITI Aayog.

(e) Golden revolution was related to:-

(i) fish production.

(ii) horticulture production.

(iii) milk production.

(iv) agriculture production. (Choose the correct option)

(f) Define privatisation.

7. Answer any five of the following questions:     2x5=10

(a) Mention two non-institutional sources of rural credit.

(b) Write two long-term goals of Five Year Plans of India.

(c) Mention two types of unemployment prevalent in the agriculture sector of India.

(d) What is the importance of green revolution in the Indian agriculture?

(e) Write two positive effects of LPG policies in the Indian economy.

(f) Write two merits of globalisation.

(g) Mention two objectives of disinvestment.

8. Answer any two of the following questions:     3x2=6

(a) Write a note on Industrial Policy Resolution, 1956.

(b) Briefly discuss any one serious environmental problem India is facing at present time.

(c) Discuss the composition of India’s foreign trade on the eve of independence.

(d) Explain the role and importance of education in human capital formation.

9. Answer any two of the following questions:     6x2=12

(a) Write a comparative note for India, China and Pakistan on the basis of

(i) Demographic indicators.

(ii) Human development indicators.

(b) Briefly discuss the challenges India is facing in the context of employment.

(c) What is economic reform? Explain the need for economic reforms in India.         1+5=6

(d) Outline the common developmental successes and failures of India and Pakistan.  3+3=6

10. Answer any one of the following:       8x1=8

(a) What do you understand by agriculture marketing system? Discuss government measures to improve agriculture marketing system in India.           2+6=8

(b) Analyse the concept of sustainable development. Also discuss the strategies for sustainable development.                 4+4=8

PART – C

(For Old Course Students in lieu of Project Works)

11. Answer any four of the following questions:      5x4=20

(a) Write a critical note on public debt.

(b) Discuss the sources of demand for foreign currency.

(c) Can GDP be used as an index of country’s welfare? Justify your answer.

(d) What is human capital? Discuss the sources of human capital.

(e) Briefly write about India as a knowledge economy.

(f) Discuss the circular flow of national income in a simple economy.

 

***