AHSEC Class 12 Economics Question Papers 2022
Full Marks: 80
Pass Marks: 24
Time: Three Hours
PART – A
1. (a) Define involuntary unemployment. 1
(b) What is effective demand? 1
(c) What do you understand by depreciation of
capital? 1
(d) GNP = GDP = _______. (Fill in the blank) 1
(e) What is foreign exchange market? 1
(f) Which of the following transactions are
included in the current account of Balance of Payment? 1
(1) Import and Export of goods.
(2) Import and Export of services.
(3) Unilateral transfer.
(4) All of the above. (Choose the correct
option)
2. Write the difference between GDP at market
price and GDP at factor cost. 2
Or
Write one similarity and one difference
between intermediate goods and capital goods. 1+1=2
3. What do you understand by ‘Paradox of
Thrift’? 2
Or
What is aggregate supply? Explain. 2
4. Write two differences between direct tax
and indirect tax. 2
5. What are the components of high-powered
money? 2
Or
Define Bank Rate and Cash Reserve Ratio. 1+1=2
6. Write two differences between Balance of Payment
and Balance of Trade. 2
7. Write in brief the ideas of fixed exchange
rate and flexible exchange rate. 2
8. What is investment multiplier? If a new
investment of Rs. 300 crore increases National Income by Rs. 1,200 crore,
calculate the value of investment multiplier. In this case, what will be the
value of MPC? 1+1+2=4
Or
Briefly discuss the components of aggregate
demand. 4
9. Write the differences between the
following concepts: (any two) 2+2=4
(a) Autonomous investment and Induced
investment.
(b) Ex-ante consumption and Ex-post
consumption.
(c) Marginal propensity to consume and
Marginal propensity to save.
(d) Marginal propensity to consume and
Average propensity to consume.
10. Discuss four main functions of Central
Bank. 4
Or
Explain how commercial banks create credit. 4
11. Discuss the components of Government
Budget. 4
Or
Define the following: 1+1+1+1=4
(1) Fiscal Deficit.
(2) Primary Deficit.
(3) Planned governmental expenditure.
(4) Non-planned government expenditure.
12. Explain how GDP is calculated using
Income method. 6
Or
Discuss the reasons why GDP can’t be used as
an index of country’s welfare. 6
Also Read: AHSEC Class 12 Economics Question Paper
PART – B
13. (a) Define sustainable development. 1
(b) During British rule, decay of Indian
handicrafts was caused by – 1
(1) Discriminatory tariff policy of the
British Government.
(2) Competition from machine-made products.
(3) Change in patterns of demand.
(4) All of the above. (Choose the correct
option)
(c) In which year the NITI Ayog was formed? 1
(d) What is the difference between ‘Labour
Force’ and ‘Work Force’? 1
(e) Mention one similarity of the economic
policies adopted by India and Pakistan. 1
(f) The ‘Great Leap Forward’ campaign in
China focused on – 1
(1) Privatisation.
(2) Widespread industrialisation.
(3) Development of services sector.
(4) Economic reform. (Choose the correct
option)
14. Mention two major industrial sector
reforms in the Indian economy under the policy of liberalisation. 2
Or
Write about two positive effects of LPG policies
in the Indian economy. 2
15. Write two merits of GST. 2
Or
What is demonetisation? Mention one positive
effect of demonetisation in the Indian economy. 2
16. What is structural composition of an
economy? As on 2021, which sector contributed highest to the GDP of India?
1+1=2
Or
Write two characteristics of small-scale
industries. 2
17. Write two differences between economic
infrastructure and social infrastructure. 2
Or
Write about two problems faced by the power
sector in India. 2
18. Write any two measures undertaken by the
Government of India to improve agricultural marketing. 2
Or
What do you understand by diversification of
agriculture? 2
19. What are the three main approaches
undertaken by Government of India to alleviate poverty? 2
Or
Write a short note on MGNREGA. 2
20. Discuss the goals of planning in India. 4
Or
Briefly discuss two positive and two negative
impacts of Green Revolution. 2+2=4
21. Write a comparative note on the
demographic indicators for India, China and Pakistan. 4
Or
(a) Write two reasons for rapid economic
development in China. 2
(b) Write two reasons for slow economic
growth in Pakistan. 2
22. Write about different types of
unemployment. 4
23. Is economic growth, a cause of
environmental degradation? Justify your answer. 4
Or
(a) Write two causes of global warming. 2
(b) Suggest two measures for attaining
sustainable development in India. 2
24. What is organic farming? Discuss its
merits and demerits. 1+5=6
Or
What is Human Capital? Discuss the sources of
human capital formation. 1+5=6
***
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