(Papers) CISCE : Download Class XII Exam Papers-2018 (ECONOMICS)

ECONOMICS :

• Subject : ECONOMICS
• Year : 2018
• Class : 12
• Duration : 3 Hour

Instruction :

1. Answer Question 1 from Part I (compulsory) and five questions from Part II.
2. The intended marks for questions or parts of questions are given in brackets

Question 1

Answer briefly each of the following questions (i) to (x): [10x2]
(i) What is meant by ex-ante demand and ex-post demand?
(ii) What is short run production function? Explain how is short run production function different from long run production function.
(iii) Explain one main feature of each:
(a) Monopsony market.
(b) Monopoly market.
(iv) How is elasticity of supply different from supply of a commodity?
(v) What is direct tax?
(vi) Give two differences between time deposit and demand deposit.
(vii) Explain with the help of an example, the problem of double counting while calculating national income.
(viii) Give a reason for each of the following:
(a) The demand for a good increases when the income of the consumer increases.
(b) X and Y are substitute goods. A rise in the price of X results in a rightward shift of the demand curve of Y.
(ix) Write any two differences between balance of trade and balance of payment.
(x) Explain the shape of MC curve. 

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