AHSEC Class 12 Economics Question Paper 2023

AHSEC Class 12 Economics Question Paper 2023

AHSEC Class 12 Economics Question Papers 2023
Full Marks: 80
Pass Marks: 24
Time: Three Hours

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


1. Answer the following:               1x6=6

(a) Define personal disposable income.

(b) What is the primary objective of commercial bank?

(c) Net indirect taxes are estimated as –

(1) Indirect taxes + Subsidies.

(2) Subsidies – Indirect taxes.

(3) Indirect taxes – Subsidies.

(4) Both (2) and (3)

(Choose the correct option)

(d) Give two examples of capital expenditure of the government budget.

(e) What type of budget should the government prepare during inflation?

(f) In order to encourage investment in the economy; the central bank will adopt which of the following measures?

(1) Increase cash reserve ratio.

(2) Reduce cash reserve ratio.

(3) Increase bank rate.

(4) None of the above. (Choose the correct option)

2. Answer the following:               2x6=12

(a) A firm produces goods of Rs. 500 per year and uses intermediate goods of worth Rs. 250. The cost of depreciation is Rs. 20 per year. Calculate gross value addition and net value addition by the firm.


What do you understand by the problem of double counting in the context of national income accounting?

(b) Calculate national income with the following data.

GDP at market price: Rs. 830 crore.

Depreciation: Rs. 120 crore.

Net indirect taxes: Rs. 70 crore.

Net factor income from abroad: Rs. 40 crore.


Differentiate between nominal GDP and real GDP.

(c) Write two objectives of government budget.

(d) Write two differences between revenue expenditure and capital expenditure.


What is revenue receipt? How it is different from capital receipt?

(e) What is deficit demand? Write one cause of deficit demand.


What are the factors that affect investment demand in an economy?

(f) Write two merits of fixed exchange rate.


Define spot and forward exchange rate.

3. Explain the expenditure method of calculating national income.             4


Discuss the circular flow of national income in a two sector economy.

4. Discuss the functions of money.            4

5. There is a plan to increase national income from Rs. 1,500 crore to Rs. 4,000 crore. If MPC = 0.6, then what should be the change in investment to achieve the goal?                    4


What is marginal propensity to consume (MPC) and marginal propensity to save (MPS)? Show that MPC + MPS = 1. 1+1+2=4

6. Outline how equilibrium exchange rate is determined in free market system.                  4


Write a note on ‘balance of payment’.

7. Discuss the working of investment multiplier with example.                    6


Explain diagrammatically how equilibrium level of employment and income is determined in a two sector economy with the concept of aggregate demand and aggregate supply.


8. Answer the following:               1x6=6

(a) What is poverty line?

(b) Name any two Navaratna industries.

(c) Who is known as the architect of economic planning in India?

(d) What do you understand by jobless growth?

(e) Name two unconventional sources of energy.

(f) Which of the following is a cause of ozone layer depletion?

(1) Noise pollution.

(2) Air pollution.

(3) Water pollution.

(4) None of the above.

(Choose the correct option)

9. Answer the following:               2x6=12

(a) Write two objectives behind infrastructure development in India by the British government during Colonial rule.

(b) Write two objectives of NITI Aayog.


Write two factors that necessitates the introduction of economic reform in India.

(c) Correctly match the two sides of the following table:


Rank Based on Human Development Index 2022










(d) Write the full form of AYUSH.


What do you understand by medical tourism?

(e) Write one positive and one negative impact of globalisation in the Indian economy.

(f) Write two differences between formal and informal sources of rural credit.

Also Read: AHSEC Class 12 Economics Question Paper

10. Write the features of the Industrial Policy, 1956.                        4


Briefly discuss the problems faced by the Indian agriculture sector in pre-reform period.

11. Discuss four important causes of poverty in India.                      4

12. Write a note on condition of health infrastructure in India.                     4


What is workforce? Write the causes of low workforce participation rate of female as compared to male.                 1+3=4

13. Write a comparative note on the contribution of agriculture, industry and service sectors to the respective economies of India, China and Pakistan.                                 4


Briefly describe the path of economic development of China.

14. How is human development a broader term as compared to human capital? What are the main problems of human capital formation in India?            3+3=6


Discuss how agricultural activities can be diversified.                6 


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