12th HSC Board Economics:
TABLE, DIAGRAM, PASSAGE BASED QUESTIONS
Notes: (1) One each Table Diagram. Passage will be given with the question based on them.
(2) Write answers to any two out of three s questions in answer sheet.
|
1. |
Choose
the Correct Option |
5 Marks |
|
|
2 |
Complete
the Correction |
5 Marks |
|
|
3 |
Give
Economic Term |
5 Marks |
|
|
4 |
Find the
Odd Word |
5 Marks |
|
|
5 |
Complete
the following Statements |
5 Marks |
|
|
6 |
Assertion
and Reasoning Questions |
5 Marks |
|
|
7 |
Identify
and Explain the Concepts |
6 Marks |
|
|
8 |
Distinguish
Between |
6 Marks |
|
|
9 |
Answer
in Brief |
12 Marks |
|
|
10 |
State
with Reasons, Do you Agree/ Disagree |
12 Marks |
|
|
11 |
Table,
Diagram, Passage Based Questions |
8 Marks |
|
|
12 |
Answer
in Detail |
16 Marks |
Chapter 2: Utility Analysis
(1) Observe the following table and answer the questions given below it: (March 23)
|
Unit of
Commodity |
Total Utility
(TU) units |
Marginal Utility
(MU) units |
|
1 |
6 |
|
|
2 |
|
5 |
|
3 |
15 |
4 |
|
4 |
15 |
|
|
5 |
|
-1 |
Questions:
(1) Complete the above table. (2)
Ans:
|
Unit of
Commodity |
Total Utility
(TU) units |
Marginal Utility
(MU) units |
|
1 |
6 |
6 |
|
2 |
11 |
5 |
|
3 |
15 |
4 |
|
4 |
15 |
0 |
|
5 |
14 |
-1 |
(2) (a) When total utility is Maximum, the marginal utility is ______ (1)
Ans: Zero
(b) When total utility falls, the marginal utility becomes ________. (1)
Ans: Negative
Chapter 3 (A): Demand Analysis
(2) Observe the following table and answer the questions:
|
Price Per kg (Rs.) |
Quantity
Demanded |
Market Demand |
||
|
Consumer
A |
Consumer
B |
Consumer
C |
In
Kg (A+B+C) |
|
|
25 |
16 |
15 |
12 |
-- |
|
30 |
12 |
11 |
10 |
-- |
|
35 |
10 |
09 |
08 |
-- |
|
40 |
08 |
06 |
04 |
-- |
Questions:
(1) Complete the market demand schedule. (2)
|
Price Per kg (Rs.) |
Quantity
Demanded |
Market Demand |
||
|
Consumer
A |
Consumer
B |
Consumer
C |
In
Kg (A+B+C) |
|
|
25 |
16 |
15 |
12 |
43 |
|
30 |
12 |
11 |
10 |
33 |
|
35 |
10 |
09 |
08 |
27 |
|
40 |
08 |
06 |
04 |
18 |
(2) Draw market demand curve based on above market demand schedule. (2)
.jpg)
Chapter 4: Supply Analysis
(3) Study the following table and answer the questions given below it:
Individual Supply Schedule
|
Price (Rs.) |
Individual
Supply Schedule |
|
10 |
60 |
|
20 |
80 |
|
30 |
100 |
Questions:
(1) Draw individual supply schedule with the help of the given individual demand schedule. (2)
(2) Individual supply curve slopes upwards from the left to the right. State, with reason, whether this statement is true or false. (2)
Ans.
(1)
.jpg)
(2) The statement that individual supply curve slopes upwards from the left to the right is true, There is direct relationship between the price of a commodity and the individual supply for a commodity. As a result, the individual supply curve slopes upwards from the left to the right.
Chapter 7: National Income
(4) Study the following table and answer the questions given below it: (March '22)
|
Components |
Crores |
|
Consumption (C) |
800 |
|
Investment (I) |
700 |
|
Government Expenditure (G) |
400 |
|
Net Export (X-M) |
-150 |
|
Depreciation (D) |
100 |
Questions:
(1) Calculate GDP (Gross Domestic Product) on the basis of above table. (2)
(2) Calculate NDP (Net Domestic Product) on the basis of above table. (2)
Ans.
(1) GDP = C+I+G+(X-M)
= 800+700+400+(-150) 1900+(-150)
=1750 crores
(2) NDP = GDP-Depreciation (D)
=1750-100
=1650 crores
Chapter 2: Utility Analysis
(5) Study the following diagram and answer the questions given below it :
.jpg)
Questions:
(1) When the total utility is the maximum, the marginal utility is ________ (1)
(2) When the total utility diminishes, the marginal utility ________ (1)
(3) At ________ unit, the marginal utility is the maximum.
(4) At _______ unit, the consumer will derive dissatisfaction. (1)
Ans.
(1) When the total utility is the maximum, the marginal utility is zero
(2) When the total utility diminishes, the marginal utility becomes negative
(3) At first unit, the marginal utility is the maximum.
(4) At fifth unit, the consumer will derive dissatisfaction.
Chapter 3 (A): Demand Analysis
(6) Study the following diagram and answer the questions given below it:
.jpg)
Questions:
(1) When the price of the commodity is OP, the demand of the commodity is ________ (1)
(2) QQ1, distance indicates _______ in demand. (1)
(3) QQ2, distance indicates _______ in demand. (1)
(4) The slope of demand curve is _______ (1)
Ans.
(1) When the price of the commodity is OP. the demand of the commodity is OQ
(2) QQ1, distance indicates expansion in demand.
(3) OQ2, distance indicates contraction in demand.
(4) The slope of demand curve is negative.
Chapter 3 (B): Elasticity of Demand
(7) Following diagram is a linear demand curve. On the basis of the given diagram answer the following questions: (July 22)
Question:
(1) Demand at point 'P2' is relatively inelastic. Is this statement true or false? (1)
(2) Identify the elasticity of demand at point 'P'. (1)
(3) What is denoted on 'X' axis in the above diagram? (1)
(4) Which method of measuring elasticity of demand is denoted in the above diagram? (1)
Ans.
(1) False
(2) Perfectly elastic demand (Ed = alpha)
(3) Quantity demanded
(4) Point or geometric method.
(8) Study the following diagram and answer the questions given below it : (March '22)
Question:
Identify the price elasticity of demand from each diagram. (4)
Ans.
(1) The price elasticity of demand in diagram (1) is perfectly inelastic.
(2) The price elasticity of demand in diagram (2) is perfectly elastic.
(3) The price elasticity of demand in diagram (3) is less (relatively Inelastic) elastic.
(4) The price elasticity of demand in diagram (4) is more (relatively elastic) elastic.
Chapter 4: Supply Analysis
(9) Study the following diagram and answer the questions given below it: (Sept. 21)
Questions:
(1) The diagram shows direct relationship between quantity supplied and ________ (1)
(2) In diagram, supply curve 'SS' has _______ slope. (1)
(3) Rise in price leads to upward movement of supply on the same supply curve from point 'R' to point "T. This movement is known as ________ (1)
(4) Fall in price leads to downward movement of supply on the same supply curve from point 'R' to point 'M'. This movement is known as ________ (1)
Ans.
(1) Price
(2) Positive
(3) Expansion of supply
(4) Contraction of supply.
Q. Study the following passage and answer the questions given below it: (4 marks each)
(10) Study the following passage and answer the questions given below it:
The conventional notion of social security is that the government would make periodic payments to look after people in their old age health. disability and poverty. This idea should itself change from writing a cheque for beneficiary to institutional arrangements e care for beneficiaries, including by enabling them to look after themselves, to a large extent.
The write-a-cheque model of social security is a legacy from the rich world at the optimal phase of its domestic transition, when the working population was numerals enough and earning enough to generate the taxes to pay for the care of those not working This model is ill-suited for less, well-off India with growing life expectancy, increasing urbanization and resultant migration. Social security under urbanization will be different from social security in a static society.
Questions:
(1) State the conventional notion of social security. (2)
(2) What kind of conceptual change is suggested in the given paragraph. (2)
Ans.
(1) The conventional notion of social security is that the government should provide periodic payments to concerned people to look after their old age, ill-health, disability and poverty.
(2) Conceptual change in social security in the form of making institutional arrangements to take care of the beneficiaries and making them self-reliant instead of paying them in the form of cheques is suggested in the given paragraph.
(11) Study the following passage and answer the questions given below it: (March 22)
Commercial banks act as intermediaries in the country's financial system to bring the savers and investors together. They are profit-seeking financial institutions. Due to bank nationalisation in 1969, there was increase in loan disbursement in urban and rural areas. Agriculture and retail traders started getting more loans. Those sectors which were not getting loans before 1969, started getting loans in post-nationalisation period. After nationalisation of banks branch expansion took place. There has been diversification in the functions of banks. Commercial banks are providing different types of services like safe deposit lockers. D-mat facility. Internet banking, mobile banking, etc.
Questions:
(1) Write any two benefits of Bank nationalisation. (2)
(2) Write various services provided by banks. (1)
(3) Write your opinion about the passage. (1)
Ans.
(1) Benefits of bank nationalisation:
(a) Increase in loan disbursement to urban and rural areas,
(b) Agriculture and retail traders started getting more loans.
(2) Various services provided by banks: Safe deposit lockers, D-mat facility, internet banking, mobile banking, etc.
(3) Commercial banks of profit-seeking financial institutions, Nationalisation of commercial banks helped in diversification in the functions of banks.
(12) Study the following passage and answer the questions given below it: (Sept. '21)
India's economy is very diverse. This includes agriculture. handicrafts, textile mills, industries, manufacturing and a variety of services. Two thirds of the people working in India still depend on agriculture or agro-based industries for their livelihood, but a wide range of services are also contributing to the economy, and more recently services based businesses are playing a very important role in the economy. In recent years, with the advancement of computer technology and information technology in India, as well as the growing number of highly educated and English speaking young people, India has gradually started playing the role of an outsourcing service to the whole world. India is the world's largest exporter of highly skilled technicians. At the same time, India's potential in manufacturing, pharmaceuticals, biotechnology, microtechnology. elecommunications, rapidly. shipbuilding, aviation and tourism is growing
Since the early 1990s, India has begun to open up its economy through economic reforms, gradually reducing its control over foreign investment and trade.
Questions:
(1) What is the prime source of livelihood for the majority of population in India? (1)
(2) Which sector is developing very fast in India in the recent years? (1)
(3) Give your opinion about India's economy with reference to the above passage. (2)
Ans.
(1) Agriculture or agro-based industries.
(2) Service sector.
(3) There is diversity in Indian economy. Most of the people working in India are dependent on agriculture or agro-based industries. The contribution of service sector in India's economy is also increasing.
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