AHSEC CLASS 12 ECONOMICS QUESTION PAPER - 2026| ASSEB BOARD
2026
ECONOMICS
Full Marks: 80
(Part-A=40 +
Part-B=40)
Pass Marks: 24
Time: Three hours
The figures in the
margin indicate full marks for the questions
PART – A
(Introductory
Macroeconomics)
1. Answer any four of the following as directed: 1x4= 4
(a) Define
'economic agents!
(b) Name the
four major sectors of an economy.
(c) "Flows
are defined over a period of time." (State True or False)
(d) Define full
employment level of income.
(e) NDPMP =
______ Depreciation. (Fill in the blank)
(f) How do
economists define a non-rivalrous good?
(g) At what
point is the 'balance of trade' said to be balanced?
2. Answer any five of the following questions: 2x5= 10
(a) Distinguish
between Intermediate goods and Final goods.
(b) Explain the
concept of net investment.
(c) Distinguish
between Gross National Product (GNP) and Net National Product (NNP).
(d) What are the
components of aggregate demand?
(e) Mention any
two motives of holding money.
(f) Under what
circumstances does a fiscal deficit emerge? Support your answer with an
example.
(g) If the
marginal propensity to consume (MPC) is 0.8, then calculate the government
expenditure multiplier.
3. Answer any two of the following questions: 3x2= 6
(a) Mention and
describe very briefly the three methods of measuring national income.
(b) How do
commercial banks create credit?
(c) Define
Marginal Propensity to Consume (MPC). How is it related to Marginal Propensity
to Save (MPS)? 1+2=3
(d) Mention any
three features of the FRBM Act, 2003.
4. Answer any two of the following questions: 6x2= 12
(a)
Distinguish between the following: 3x2= 6
(i) Gross
Domestic Product (GDP) and Gross National Product (GNP)
(ii) Nominal GDP
and Real GDP
(b) Discuss the
rationale behind demonetization in India in the year 2016.
(c) Elaborate
the concept of 'paradox of thrift' with the help of a suitable numerical
example.
(d) Consider
an economy described by the following functions:
C = 20 +0.8Y
I = 30
G = 50
TR = 100
(i) Find the
equilibrium level of income and autonomous expenditure multiplier in the model.
(ii) If the
government expenditure increases by 30, then what is the impact on equilibrium
income?
(iii) If a
lump-sum tax of 30 is added to pay for increase in government purchase, then
how will equilibrium income change? 3+2+1=6
5. Answer any one of the following questions: 8x1= 8
(a) From the
following data, calculate: 4+2+2=8
(i) GDP at
factor cost
(ii) GNP at
market price
(iii) NNP at
factor cost
|
Items |
(In crore) |
|
Consumption
expenditure |
2,000 |
|
Investment
expenditure |
1,200 |
|
Government
expenditure |
450 |
|
Export |
80 |
|
Import |
95 |
|
Net factor
income from abroad |
60 |
|
Indirect tax |
90 |
|
Subsidies |
80 |
|
Depreciation |
30 |
(b) Write
short notes on the following: 4x2= 8
(i) Barter
system
(ii) Functions
of money
PART-B: Indian
Economic Development
6. Answer any four of the following: 1x4= 4
(a) What was the
basic objective of the British colonial rule in India?
(b) In which
year was India's first Official Census operation undertaken?
(c) Name any two
types of economic systems.
(d) What is
'marketable surplus'?
(e) Write the
full form of WTO.
(f) Define
unemployment.
7. Answer any five of the following questions: 2x5= 10
(a) Mention any
two causes of India's low-level economic development under Colonial rule.
(b) Write two
objectives of India's Five-Year Plans.
(c) What is
liberalization? Why was the policy of liberalization adopted in India? 1+1= 2
(d) Point out
any two sources of human capital formation.
(e) What is
Kudumbashree?
(f) Define
economic activities.
(g) In which
Indian State did the Appiko Movement originate?
8. Answer any two of the following questions: 3x2= 6
(a) Explain the
State of Indian agriculture sector during pre-British period.
(b) What is
Green Revolution? Write its main features.
(c) Explain the
concepts of privatization and disinvestment.
(d) What are the
functions of environment? Explain briefly.
9. Answer any two of the following questions: (6x2= 12
(a) Explain
the features of the following sectors on the eve of Indian Independence: 2x3= 6
(i)
Infrastructure
(ii) Foreign
trade
(iii) Industrial
sector
(b) Write
comparative notes for India and China on the basis of the following: 3x2= 6
(i) Demographic
indicators
(ii) GDP and
sectoral compositions
(c) What is
import substitution policy? Explain the role and importance of small-scale
industries in India. 2+4= 6
(d) In your
view, is it essential for the government to regulate the fee structure in
education and healthcare institutions? Discuss in the light of human capital
formation, LPG reforms, poverty, inequality and inclusive growth.
10. Answer any one of the following questions: 8x1= 8
(a) Write a
brief note on the role of women in various economic activities in Indian
economy.
(b) What is
sustainable development? Explain the strategies for sustainable development in
India. Discuss the major environmental challenges faced by India. 2+3+3= 8
(c) Define
rural development. Write brief notes on the:
(i) adoption of
village by the Parliamentarians
(ii) Tamil Nadu
Women in Agriculture (TANWA). 2 + 3 + 3= 8
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