AHSEC| CLASS 12| ECONOMICS| QUESTION PAPER - 2022| H.S. 2ND YEAR
2022
ECONOMICS
Full Marks: 80
Pass Marks: 24
Time: Three hours
The figures in the margin indicate
full marks for the questions.
PART-A
1. (i) Define involuntary unemployment. 1
(ii) What is
effective demand? 1
(iii) What do you
understand by depreciation of capital?
1
(iv) GNP = GDP -
________. (Fill in the blank) 1
(v) What is
foreign exchange market? 1
(vi) What of
the following transactions are included in the current account of Balance of
Payment? 1
(a) Import and
Export of goods
(b) Import and
Export of services
(c) Unilateral
transfer
(d) All of the
above (Choose the correct option)
2. Write the differences 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. 1200 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 differences between the following concepts: (any
two) 2+2=4
(i) Autonomous
investment and Induced investment.
(ii) Ex-ante
consumption and Ex-post consumption.
(iii) Marginal
propensity to consume and Marginal propensity to save.
(iv) 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
(i) Fiscal
Deficit
(ii) Primary
Deficit
(iii) Planned
government expenditure
(iv) 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
PART-B
13. (i) Define sustainable development. 1
(ii) During
British rule, decay of Indian handicrafts was caused by – 1
(a) Discriminatory
tariff policy of the British Government
(b) Competition
from machine-made products
(c) Change in
patterns of demand
(d) All of the above
(Choose the correct option)
(iii) In which
year the NITI Aayog was formed? 1
(iv) What is the
difference between ‘Labour Force’ and ‘Work Force’? 1
(v) Mention one
similarity of the economic policies adopted by India and Pakistan. 1
(vi) The ‘Great
Leap Forward’ campaign in China focused on – 1
(a) Privatisation
(b) Widespread
industrialisation
(c) Development
of services sector
(d) 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 LPC 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+2=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
(i) Write two
reasons for rapid economic development in China. 2
(ii) 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 environment degradation? Justify
your answer. 4
Or
(i) Write two
causes of global warming. 2
(ii) 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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