Rajasthan Board Class 12 Question Paper 2025 Economics

RAJASTHAN BOARD

QUESTION
PAPER
2025

ANNUAL EXAMINATION

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Zm_m§ H $ Roll No.

Tear Here
Sl.No. :

No. of Questions – 20
No. of Printed Pages – 11 SS–10–Economics

Cƒ _mÜ`{_H$ narjm, 2025
SENIOR SECONDARY EXAMINATION, 2025
AW©emó

TEAR HERE TO OPEN THE QUESTION PAPER
ECONOMICS
g_` : 3 KÊQ>o 15 {‘{ZQ>

àíZ nÌ H$mo ImobZo Ho$ {bE `hm± \$m‹S>|
nyUmªH$ : 80

narjm{W©`m| Ho$ {bE gm_mÝ` {ZX}e …
GENERAL INSTRUCTIONS TO THE EXAMINEES :

1) narjmWu gd©àW_ AnZo àíZ nÌ na Zm_m§H$ A{Zdm`©V… {bI|&
Candidates must write first his / her Roll No. on the question paper
compulsorily.

2) g^r àíZ A{Zdm`© h¢&
All the questions are compulsory.

3) àË`oH$ àíZ H$m CÎma Xr JB© CÎma-nwpñVH$m _| hr {bI|&
`hm± go H$m{Q>E

Write the answer to each question in the given answer-sheet only.

SS–10–Economics 7006 [ Turn Over

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4) {OZ àíZmo§ _| AmÝV[aH$ IÊS> h¡§, CZ g^r Ho$ CÎma EH$ gmW hr {bI|&

For questions having more than one part, the answers to those parts are to
be written together in continuity.

5) àíZ H$m CÎma {bIZo go nyd© àíZ H$m H«$‘m§H$ Adí¶ {bI|&

Write down the serial number of the question before attempting it.

6) àíZ nÌ Ho$ {hÝXr d A§J«oOr ê$nmÝVa _o| {H$gr àH$ma H$s Ìw{Q> / AÝVa / {damoYm^mg hmoZo na {hÝXr ^mfm
Ho$ àíZ H$mo hr ghr _mZ|&

If there is any kind of error / difference / contradiction in the Hindi & English
versions of the question paper, the question of Hindi version should be treated
valid.

7) àíZ H«$‘m§H$ 14 go 20 ‘| AmÝV[aH$ {dH$ën h¢& {H$gr EH$ {dH$ën H$mo hb H$s{OE&

Question Nos. 14 to 20 have the internal option. Attempt any one option.

SS–10–Economics 7006

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IÊS> - A
SECTION - A

1) ~hþ{dH$ënr àíZ :
Multiple choice questions:
i) "OZab Ï`moar Am°\$ B§ßbm`_|Q>, B§Q>aoñQ> E§S> _Zr' nwñVH$ Ho$ boIH$ h¡ - [1]
A) H$sÝg ~) [aH$mS>m}
g) ES>‘ pñ‘W X) Oo.Ho$. ‘ohVm
The author of the book 'General theory of employment, interest and money'
is -
A) Keynes B) Ricardo
C) Adam Smith D) J.K. Mehta
ii) {ZåZ ‘| go H$m¡Z-gm g_{ï> AW©emñÌ _| {ZU©`H$Vm© Zht hmo gH$Vm? [1]
A) amÁ` ~) ^maVr` [aOd© ~±H$
g) Cn^moº$m X) ^maVr` à{V^y{V Am¡a {d{Z_` ~moS>©
Which of the following could not be decision maker in macro economics?
A) State
B) Reserve Bank of India
C) Consumer
D) Securities and Exchange Board of India
iii) A§{V_ eaU F$UXmVm H$hbmVm h¡ - [1]
A) ì`mnm[aH$ ~±H$ ~) Ho$ÝÐr` ~±H$
g) {ZOr$ ~±H$ X) ghH$mar ~±H$
The lender of last resort is called -
A) Commercial bank B) Central bank
C) Private bank D) Co-operative bank
iv) {ZåZ _| go H$m¡Z-gr n[agån{Îm _wÐm Ho$ A{V[aº$ _yë` g§M` H$m H$m`© H$a gH$Vr h¡? [1]
A) gmoZm ~) ^y{_
g) ~§YnÌ X) Cnamoº $g^r
Which of the following asset other than money can also act as a store of
value?
A) Gold B) Land
C) Bonds D) All of the above

SS–10–Economics 7006 [ Turn Over

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v) Am` H$m dh ^mJ Omo Cn`moJ Zht {H$`m J`m, H$hbmVm h¡ - [1]
A) ~MV ~) Cn`moJ àd¥{Îm
g) {d{Zdoe X) _yë`ömg
The part of income that is not consumed, is called -
A) Saving B) Consumption propensity
C) Disinvestment D) Depreciation
vi) Cn`moJ _m±J H$m g~go _hËdnyU© {ZYm©aH$ h¡ - [1]
A) ~MV ~) Cn`moJ
g) Kaoby Am` X) {Zdoe
The most important determinant of consumption demand is -
A) Saving B) Consumption
C) Household income D) Investment
vii) {ZåZ _| go H$m¡Z-gm àË`j H$a h¡? [1]
A) gån{Îm H$a ~) CËnmX H$a
g) gr_m ewëH$ X) godm H$a
Which of the following is direct tax?
A) Wealth tax B) Excise tax
C) Custom duty D) Service tax
viii) gmd©O{ZH$ dñVwAm| H$m CXmhaU h¡ - [1]
A) amï´>r` gwajm ~) g‹S>Ho$
g) gaH$mar àemgZ X) Cnamoº$ g^r
Example of public goods is -
A) National security B) Roads
C) Government administration D) All of the above
ix) {ZåZ _| go H$m¡Z-gm Xoe Am¡a CgH$s _wÐm H$m JbV `w½_ h¡? [1]
A) OmnmZ-`oZ ~) ^maV-én`m
g) {~«Q>oZ-bram X) g§`wº$ amÁ` A_o[aH$m-S>m°ba
Which of the following is an incorrect pair of country and its currency?
A) Japan - Yen B) India - Rupee
C) Britain - Leera D) United State of America - Dollar
x) {ZåZ _| go H$m¡Z-gm Q>¡[a\$ go g§~§{YV h¡? [1]
A) {deof Am{W©H$ joÌ ~) ì`mnma AdamoYH$
g) ì`mnma ghm{`H$m X) _wº$ ì`mnma
Which of the following is related to tariff?
A) Special Economic Zone B) Trade barrier
C) Trade subsidy D) Free trade

SS–10–Economics 7006

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xi) ~mOma AW©ì`dñWm _| g^r {H«$`mŠbmnm| H$m {ZYm©aU hmoVm h¡ - [1]
A) ~mOma Ûmam ~) Cn^moº$m Ûmam
g) CËnmXH$ Ûmam X) gaH$ma Ûmam
All the economic activities are determined in market economy by -
A) Market B) Consumer
C) Producer D) Government
xii) {d{^ÝZ ~mOmam| H$m AÜ``Z g§~§{YV h¡ - [1]
A) ì`{ï> AW©emñÌ go ~) g_{ï>> AW©emñÌ go
g) ì`{ï> Am¡a g_{ï> XmoZm| go X) BZ_| go H$moB© Zht
Study of various markets is related to -
A) Micro economics B) Macro economics
C) Both micro and macro D) None of the above
xiii) ~OQ> aoIm H$m g_rH$aU h¡ - [1]
A) M = P1x2 + P2 x1 ~) M = P1x2 ÷ P2 x1
g) M = P1x1 ÷ P2 x2 X) M = P1x1 + P2 x2$
Equation of budget line is -
A) M = P1x2 + P2 x1 B) M = P1x2 ÷ P2 x1
C) M = P1x1 ÷ P2 x2 D) M = P1x1 + P2 x2
xiv) {ZåZ _| go H$m¡Z-gm dñVw H$s _m±J H$m {ZYm©aH$ h¡? [1]
A) dñVw H$s H$s_V ~) Cn^moº$m H$s é{M
g) Cn^moº$m Ho$ A{Y_mZ X) Cnamoº$ g^r
Which of the following is a determinant of demand for a good?
A) Price of good B) Consumer taste
C) Consumer preference D) All of these
xv) {ZåZ _| go H$m¡Z-gm dH«$ Am`VmH$ma A{Vnadb` AmH¥${V H$m hmoVm h¡? [1]
A) Am¡gV n[adVu bmJV dH«$ ~) Hw$b pñWa bmJV dH«$
g) Am¡gV pñWa bmJV dH«$ X) Hw$b n[adVu© bmJV dH«$
Which of the following curve has rectangular hyperbola shape?
A) Average variable cost curve B) Total fixed cost curve
C) Average fixed cost curve D) Total variable cost curve
xvi) Hw$b bmJV Am¡a Hw$b n[adVr© bmJV Ho$ _Ü` A§Va hmoVm h¡ - [1]
A) Am¡gV bmJV Ho$ ~am~a ~) Hw$b pñWa bmJV Ho$ ~am~a
g) gr_mÝV bmJV Ho$ ~am~a X) Am¡gV pñWa bmJV Ho$ ~am~a
Difference between total cost and total variable cost is equal to -
A) Average cost B) Total fixed cost
C) Marginal cost D) Average fixed cost

SS–10–Economics 7006 [ Turn Over

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xvii) nyU© à{V`mo{JVm H$s EH$ gdm©{YH$ à{V{ð>V {deofVm h¡ - [1]
A) dñVw {d^oX ~) EH$ \$_© H$m H$s_V ñdrH$maH$ ì`dhma
g) A{VaoH$ bm^ X) H$s_V Ñ‹T>Vm
The single most distinguishing characteristic of perfect competition is -
A) Goods discrimination B) Price taking behaviour of a firm
C) Excess profit D) Price rigidity
xviii) `{X _m±J VWm ny{V© dH«$ XmoZm| Xm`r§ Amoa {eâQ> hm| Vmo g§VwbZ H$s_V _| - [1]
A) d¥{Õ hmoJr ~) H$_r hmoJr
g) An[ad{V©V ahoJr X) Cnamoº$ _| go H$moB© ^r
If demand and supply curves both shift to the right, the equilibrium price
will -
A) Increase B) Decrease
C) Remain unchanged D) Any of the above

2) [a³V ñWmZm| H$s ny{V© H$s{OE :
Fill in the blanks :
i) _wÐm ........... H$m EH$ gd©_mÝ` _mÜ`_ h¡& [1]
Money is the commonly accepted as medium of _______.
ii) ........... \$bZ Am` VWm Cn`moJ _| g§~§Y H$s ì`m»`m H$aVm h¡& [1]
______ function describe the relation between consumption and income.
iii) AÝVam©ï´>r` boZ XoZ _| pñWaVm bmZo Ho$ {bE ........... H$s ñWmnZm H$s JB©& [1]
The ______ has been setup to ensure stability in international transactions.
iv) ........... AW©ì`dñWm H$m {ZH$Q>V_ CXmhaU MrZ h¡& [1]
The closest example of a _______ economy is the China.
v) AmJ_ H$m bmJV na Am{YŠ` ........... H$hbmVm h¡& [1]
The excess of revenue over cost is called ______.
vi) \$_m] Ho$ {Z~m©Y àdoe VWm ~{h©J_Z go A{^àm` h¡ {H$ ~mOma H$s_V gX¡d ........... Ho$ ~am~a hmoJr&
[1]
Free entry and exit of the firm implies that the market price will always be
equal to ________.

3) A{V bKwÎmamË‘H$ àíZ :
Very short answer :
i) _hm_§Xr H$m `yamon Am¡a CÎmar A_o[aH$m na Š`m à^md n‹S>m Wm? [1]
What was the impact of Great Depression on Europe and North America?

SS–10–Economics 7006

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ii) {S>{OQ>b gm¡Xm| H$m H$moB© EH$ _mÜ`_ {b{IE& [1]
Write any one mode of digital transactions.
iii) gr_m§V Cn`moJ àd¥{V go Amn Š`m g_PVo h¢? [1]
What do you understand by marginal propensity to consume?
iv) {Zdoe H$mo g_PmB`o& [1]
Explain the investment.
v) {ZJ©V JwUH$ H$s JUZm H$m gyÌ {b{IE& [1]
Write the formula to calculate the output multiplier.
vi) dm{f©H ${dÎmr` ã`m¡ao H$m Ame` ñnîQ> H$s{OE& [1]
Clarify the meaning of annual financial document.
vii) {dXoer {d{Z_` ~mOma go Š`m Ame` h¡? [1]
What is meant by foreign exchange market?
viii) AW©ì`dñWm H$s H$moB© EH$ Ho$ÝÐr` g_ñ`m {b{IE& [1]
Write any one central problem of an economy.
ix) gr_mÝV Cn`mo{JVm go AmnH$m Š`m Ame` h¡? [1]
What do you mean by marginal utility?
x) CËnmXZ \$bZ Š`m h¡? [1]
What is production function?
xi) nyU© à{VñnYm© ~mOma _| A{Yny{V© H$m AW© g_mPmB`o& [1]
Explain the meaning of excess supply in perfect competitive market.
xii) nyU© à{VñnYm© ~mOma Š`m h¡? [1]
What is perfect competitive market?

IÊS - ~
SECTION - B

bKw CÎmamË‘H$ àíZ :
Short answer questions :

4) AmnHo$ AZwgma ny±OrdmXr AW©ì`dñWm Ho$ H$moB© Xmo à_wI bjU ~VmB`o& [1+1=2]
According to you explain any two main features of capitalist economy.

5) `{X Cn`moJ \$bZ C = 40 + 0.75 Y VWm {Zdoe I = 10 H$amo‹S> én`o hmo Vmo àË`m{eV g_ñV _m±J H$m
_yë` kmV H$s{OE& [2]
If consumption function C = 40 + 0.75 Y and investment I = 10 crore rupee are
given then calculate the value of expected aggregate demand.

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6) gaH$ma ~OQ> Ûmam ñWarH$aU H$m`© H¡$go H$aVr h¡? {ddoMZm H$s{OE& [2]
How does the government perform stability work through budget? Discuss.

7) ZrMo Xr JB© AXm`Jr g§VwbZ Vm{bH$m _| AkmV _mZm| kmV H$s{OE - [2]
Find the missing values in the balance of payments table given below -
H«$.g§. _X| _yë` ({_.S>m°ba _|)
S.No. Items Value (in million $)
1 {Z`m©V
Export 160
2 Am`mV
Import 240
3 ì`mnma g§VwbZ
Trade Balance ....?....
4 AÑí` _X| ({Zdb)
Invisibles (Net) 50
5 Mmby ImVo H$m eof
Current Balance ....?....

8) Ad‘yë¶Z Am¡a nwZ©‘yë¶Z ‘§o ^oX H$s{OE& [2]
Distinguish between devaluation and revaluation.

9) gH$mamË_H$ Am{W©H$ {díbofU VWm AmXe©H$ Am{W©H$ {díbofU H$s {ddoMZm H$s{OE&[2]
Discuss the positive economic analysis and the normative economic analysis.

10) Cn`mo{JVm Š`m h¡? EH$ CXmhaU H$s ghm`Vm go g_PmB`o& [1+1=2]
What is utility? Explain with the help of an example.

11) l_ Ho$ Hw$b CËnmX dH«$ H$m aoIm{MÌ ~ZmB`o& [2]
Draw the diagram of total production curve of labour.

12) Am¡gV CËnmX Am¡a gr_mÝV CËnmX _| ^oX H$s{OE& [2]
Distinguish between average product and marginal product.

13) EH$ \$_© Ho$ Hw$b g§àm{á dH«$ H$m aoIm{MÌ ~ZmB`o& [2]
Draw the diagram of total revenue curve for a firm.

SS–10–Economics 7006

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IÊS> - g
SECTION - C
XrK© CÎmamË‘H$ àíZ :
Long answer questions :

14) {ZåZ{b{IV ~w{Z`mXr amï´>r` Am` g_wƒ`m| H$m {díbofU H$s{OE& [1+1+1=3]
i) ~mOma H$s_V na gH$b Kaoby CËnmX
ii) gmYZ bmJV na gH$b Kaoby CËnmX
iii) ~mOma H$s_V na ewÕ Kaoby CËnmX
Analyse the following basic national income aggregates -
i) Gross Domestic Product at market price
ii) Gross Domestic Product at factor cost
iii) Net National Product at market price
AWdm/OR
{ZåZ{b{IV AdYmaUmAm| H$m {díbofU H$s{OE&
i) {Zdb {Zdoe
ii) _yë`ömg
iii) _Ü`dVu dñVwE±
Analyse the following concepts -
i) Net investment
ii) Depreciation
iii) Intermediate goods

15) `moOZmJV ì`` Am¡a J¡a `moOZmJV ì`` Š`m hmoVm h¡? g_PmB`oo& [1½+1½=3]
What are the plan and non-plan expenditure? Explain.
AWdm/OR
amOñd ì`` Am¡a ny±OrJV ì`` go Š`m Ame` h¡? g_PmB`oo&
What is meant by revenue expenditure and capital expenditure? Explain.

16) Cn^moÎmm Ho$ Bï>V_ M`Z H$mo aoIm{MÌ H$s ghm`Vm go ñnï> H$s{OE& [3]
Clarify the consumer equilibrium with the help of diagram.
AWdm/OR
_m±J Ho$ {Z`_ H$mo EH$ aoIm{MÌ H$s ghm`Vm go ñnï> H$s{OE&
Clarify the law of demand with the help of diagram.

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17) {ZåZ Vm{bH$m _| EH$ à{VñnYu \$_© H$s Hw$b bmJV (Tc) H$mo Xem©`m J`m h¡& dñVw H$s H$s_V (P) 10 én`o
Xr hþB© h¡& CËnmXZ Ho$ àË`oH$ ñVa na bm^ (π) H$s JUZm H$s{OE& [6×½=3]
The following table shows the total cost (Tc) of a competitive firm. Given price
of the good is Rs.10. Calculate the profit (π) at each level of output -
CËnmXZ ñVa Hw$b bmJV bm^ (π)
Output level Total cost (`) Profit (π) (`)
1 15 ----
2 22 ----
3 27 ----
4 31 ----
5 38 ----
6 46 ----

AWdm/OR
{ZåZ Vm{bH$m _| Xmo \$_m] H$s ny{V© gma{U`m± SS1 Am¡a SS2 Xr JB© h¢& ~mOma ny{V© gmaUr H$m n[aH$bZ
H$s{OE& [6×½=3]
In the following table two supply schedules of firms are given. SS1 and SS2.
Calculate the market supply schedule -
H$s_V ñVa \$_©-I ny{V© (SS1) \$_©-II ny{V© (SS2) ~mOma ny{V©
Price level Firm-I Supply (SS1) Firm-II Supply (SS2) Market Supply
1 5 7 ----
2 7 11 ----
3 10 15 ----
4 15 20 ----
5 18 26 ----
6 25 33 ----

IÊS> - X
SECTION - D
{Z~§YmË_H$ àíZ :
Essay type questions :

18) _wÐm ny{V© {Z`§ÌU Ho$ {bE [aOd© ~±H$ Ûmam AnZm`o OmZo dmbo Zr{VJV CnH$aUm| H$m {díbofU H$s{OE& [4]
Analyse the policy tools to control the money supply by reserve bank.
AWdm/OR
^maVr` AW©ì`dñWm _| {S>{OQ>b gm¡Xm| H$s àJ{V na AnZm {díbofU àñVwV H$s{OE&
Present your analysis on the progress of digital transactions in the Indian
economy.

SS–10–Economics 7006

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19) ~mOma _m±J go Š`m Ame` h¡? ~mOma _m±J dH«$ H$s ì`wËn{Îm H$mo aoIm{MÌ H$s ghm`Vm go g_PmB`o&[1+3=4]
What is meant by market demand? Explain the derivation of market demand
curve with the help of a diagram.
AWdm/OR
_m±J dH«$ {eâQ> Š`mo§ hmoVm h¡? _m±J dH«$ _| {eâQ> Am¡a _m±J dH«$ H$s {Xem _| J{V H$mo aoIm{MÌ go ñnï> H$s{OE&
Why does the demand curve shift? Clarify shift in the demand curve and
movement along the demand curve.

20) {ZåZ gmaUr _| Hw$b bmJV go Am¡gV bmJV Am¡a gr_mÝV bmJV H$s JUZm H$s{OE - (én`m| _|)[8×½=4]
Calculate average cost and marginal cost by total cost in the following table-
(In Rupee)
{ZJ©V Hw$b bmJV Am¡gV bmJV gr_mÝV bmJV
Output Total Cost Average Cost Marginal Cost
0 10 - -
1 18 ---- ----
2 25 ---- ----
3 30 ---- ----
4 32 ---- ----

AWdm/OR
{ZåZ gmaUr _| Hw$b bmJV Am¡a Am¡gV n[adVu bmJV H$s JUZm H$s{OE -(én`m| _|)
Calculate the total cost and average variable cost in the following table
(In Rupee)
{ZJ©V Hw$b n[adVu bmJV Hw$b bmJV Am¡gV n[adVu bmJV
Output Total Variable Cost Total Cost Average Variable Cost
0 - 10 -
1 10 ---- ----
2 18 ---- ----
3 24 ---- ----
4 28 ---- ----



SS–10–Economics 7006

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