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Class 12 CBSE Pre Board 2016 : Economics (Kendriya Vidyalaya (KV) No. 1, Salt Lake)

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Sample Question Paper (Set-2) Economics (030) Class XII (2015-16) Time : 3 Hours Maximum Marks : 100 Instructions: 1. All questions in both sections are compulsory. However, there is internal choice in some questions. 2. Marks for questions are indicated against each question. 3. Question No.1-5 and 16-20 are very short answer questions carrying 1 mark each. They are required to be answered in one sentence. 4. Question No.6-8 and 21-23 are short answer questions carrying 3 marks each. Answers to them should not normally exceed 60 words each. 5. Question No.9-11 and 24-26 are also short answer questions carrying 4 marks each. Answers to them should not normally exceed 70 words each. 6. Question No.12-15 and 27-30 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 words each 7. Answers should be brief and to the point and the above word limit be adhered to as far as possible. Section A: Microeconomics 1. If it is given that the total variable cost for producing 15 units of output is units is 3,500. Find the value of Marginal Cost. 3000 and for 16 (1) 2. Ceteris Paribus, if the government provides subsidies on electricity bills, what would be the likely change in the market demand of desert coolers? (1) 3. Which of the can be referred to as point of satiety ? i) Marginal Utility is negative iii) Total Utility is rising ii) Marginal utility is zero iv) (1) Total Utility is falling 4. Which of the following is an assumption of Production Possibility Frontier? (1) i) Resources are not fully employed. ii) Resources are not equally efficient for production of the two goods. iii) Resources are not efficiently employed. iv) Resources available are not fixed. 5. State any two central problems under problem of allocation of resources . (1)

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