On this page we have uploaded UBSE Intermediate Class 12 Question Paper for Economics released by ubse.uk.gov.in. The question paper provided here from Uttarakhand State Board. Download the 2023 question paper pdf as well.
Uttarakhand State Board has published subject wise question paper for this year Class 12 students in its official portal ubse.uk.gov.in. Here we have published Class 12 UBSE question paper 2023 for Economics subject. For more information regarding Uttarakhand Intermediate Class 12, 2023 Exam Date, Exam Pattern, Time, Date, How to prepare follow our website.
Uttarakhand Board (UBSE) Intermediate Class 12 Question Papers – Economics Subject
Section – A
(1) Reason of the ‘Problem of choice’ in an economy is:
(i) Excess of resources
(ii) Per Capita Income
(iii) Technological development
(iv) Scarcity of resources
(2) Tea and Sugar are:
(i) Substitute goods
(ii) Complementary goods
(iii) Luxury goods
(iv) None of the above
(3) The Value of Change in Output/Change in input is-
(i) Total Product
(ii) Average product
(iii) Marginal Product
(iv) None of these
(4) Which of the following is not a feature of perfect competition:
(i) The market consists of a large number of buyers and sellers.
(ii) Entry into the market as well as exit from the market are free for firms.
(iii) Firms produce homogenous products.
(iv) Firms do not produce homogenous products.
(2) In what type of economic system all the economic activities are organized through the market?
(3) What type of slope does a demand curve generally have?
(4) What ‘the want-satisfying capacity’ of a commodity is called?
(5) What the factor is called, which the firm can vary in the short run?
(6) What do you understand by Micro Economics?
(7) What is Decreasing Returns to Scale?
(8) How the total cost of a firm is calculated in a short run?
(9) What is the Shut Down Point?
(10) What do you mean by the price elasticity of demand?
(11) Why do two indifference curves never intersect each other? Clarify.
(12) Explain the concept of production function with the help of an example.
Or
In the following given table, calculate Total cost (TC) and Average Fixed cost (AFC):
Output (Units) (q) |
Total Fixed Cost (TFC)
(₹) |
Total Variable Cost (TVC)
(₹) |
Total Cost
(TC) (₹) |
Average Fixed Cost (AFC) (₹) |
0
1 2 3 4 5 6 7 |
20
20 20 20 20 20 20 20 |
0
10 18 24 29 33 39 47
|
|
(13) What are the determining factors of price elasticity of demand for a goods? Explain with the help of examples.
(14) What do the long run marginal cost curve and the average cost curve look Iike? Explain in detail.
(15) What do you understand by Non-competitive markets? Clarify.
Or
How do firms behave in Oligopoly? Explain.
Section – B
(16) (a) The expense which raise productive capacity is called:
(i) Investment expenditure
(ii) Deference expenditure
(iii) Wastage
(iv) None of these
(b) Meaning of deterioration in the purchasing power of money is:
(i) Decrease in prices of goods
(ii) No change in the prices of goods
(iii) Rise in prices of goods
(iv) None of these
(c) Average Propensity to Consume (APC) is equal to:
(i) △C/△Y
(ii) S + C
(iii) C/Y
(iv) S/Y
(d) Balance of Trade (BOT) is said to be in deficit, if:
(i) Exports > Imports
(ii) Imports > Exports
(iii) Imports = Exports
(iv) None of these
(17) What those goods are called which do not pass through any more stages of production?
(18) What the change in consumption is called due to per unit change in income’?
(19) What does ‘Ceteris Paribus’ literally mean?
(20) When did the Goods and Service Tax come into force in India?
(21) What is a Barter system? What are its drawbacks?
(22) Why money is demanded?
(23) Define Investment.
(24) What is Foreign Exchange Rate?
(25) How did Macroeconomics emerge? Mention.
(26) What do you understand by Repo Rate and Reverse Repo?
(27) State the components of current account of the Balance of Payments (BOP).
Or
What is foreign exchange market? Clarify.
(28) How is National Income measured according to Value Added method? Explain.
(29) Describe the multiplier mechanism in the reference of the creation of excess demand.
(30) What is a deficit budget? Write its merits and demerits.
Or
How the Fiscal Deficit is measured? Explain.