Sample Paper Class XII (Economics) Bihar Board 2010-11

Sample Paper Bihar Board Class XII Economics


1- Which one is true?
(A) GNP = GDP + Depreciation (B) NNP = GNP + Depreciation
(C) NNP = GNP – Depreciation) (D) GNP = NNP – Depreciation

2- Which one of the following is included in flow?
(A) Consumption) (B) Investment (C) income (D) All the above

3- Price of commodity is determined at a point where–
almond exceeds (B) Supply exceeds
(C) demand equals supply (D) None of these

4-For every market which condition has to be fulfilled for firm's equilibrium?
AR = MC (B) MR = MC
(C) Me should cut MR from below (D) both b and C

5- In which market AR = MR
monopoly (B) monopolistic competition
(C) both a and b (D) Perfect competition

6- With the increases in Production the difference between total fixed cost:
remains constant (B) increases
(C) decreases (D) both increase and decreases

7- If the price of the goods rises say 40% and Supply increases by only 15% the supply of goods will be:
Higher elastic (B) Elastic
(C) Inelastic (D) Perfectly inelastic

Sample Paper Bihar Board Class XII Economics


1. whose book is the is the general theory of Employment Instant and Money?
I. B. Say (B) J. S. Mill (C) I. M. Keynes (D) Joan Robbins

2. Macro economics includes–
Theory of employment
(B) Theory of inflation
(C) Theory of national income
(D) All the above

3. In which economy central problem are solved with the help of price mechanizing and planners technique?
Socialist economy
(B) Mixed economy
(C)Capitalist economy
(D) None of these

4.Economic problem is basically a problem of?
Consumer's choice
(B) Chince
(C) Firm's choice
(D) None of these

5. Which one of the following formula is used to measure elasticity of demand ?
Proportionate charge in price /Proportioning charge in demand
(B)Change in demand /Charge in price
(C)Proportionate change in quantity demanded/ Proportion change in price
(D) None

6.Which is the main cause of the operation of Law of Diministiry Retunes?
Factors are limited
(B) Factors are imperfect
(C) 'a' and 'b' both
(D) None of the above

7.Production function is expressed as
Qx = Rx
(B) Qx = f (A, B, C, D
(C) Qx = Dx
(D) All

8. Which of the following statement in correct ?
There is direct relationship between the pride of a commodity and its price.
(B)Supply curve moves upward from left to right
(C) Supply is effected by many factors
(D) All the above

9. The following figure shows:
Extension of supply
(B) Contraction in supply
(C)Increase in supply
(D) None of these

10. Which of the following pairs is correct?
Perfectly elastic supply Es α
(B)Tightly elastic supply Es>1
(C) Perfectly in elastic supply Es = O
(D) All the above

Sample Paper Bihar Board Class XII Economics


1. ‘Micros’ which means ‘small’, belongs to
Arabian word
(B) Greek word
(C) German word
(D) English word

2.Consumer behavior is studied in —
(A) Micro Economies
(B) Macro Economics
(C) Income Theory
(D) None of the above

3. The basic reason of operating the law of diminishing returns is
Scarcity of factors
(B) Imperfect substitution between factors
(C) Both A and B
(D) None of these

4. Which of the following function shows the law of supply?
S = f (P)
(B) S = f (F/P)
(C) S = f (Q)
(D) None of these

5. MR is shown as —
(D) None of the above

6. Price of a commodity is determined at a point where—
Demand exceeds
(B) Supply exceeds
(C) Demand equals supply
(D) None of the above

Sample Paper Bihar Board Class XII Economics


1. Which in following include under fiscal policy?
Public Expenditure
(B) Taxation
(C) Public debt
(D) Above all

2. Which kind of commodity's price decrease then demand does not increase?
Essential commodities
(B) Comfortable Commodities
(C) Luxurious Commodities
(D) None of these

3. Price demand's elasticity for Giffin Commodities ?
(B) Positive
(C) Zero
(D) None of these

4. Which of the following gave concept of time factor in price determination process?
(B) Walras
(C) Marshall
(D) Marshall J. K. Mehta

5. In the following direct taxes from which tax government receive more revenue.
Municipality tax
(B) Income tax
(C) Wealth tax
(D) Forest tax

6. Which in following direct tax?
Service tax
(B) Production fee
(C) Income tax
(D) Sales tax

7. Indian's financial year is
From 1 January to 31 December
(B) From 1 April to 31 March
(C) From 1 May to 30 April
(D) From 1 to 28 February

8. From 30 April 2003 effective Bank rate in