Karnataka 2nd PUC Model Question Paper 2025 for Economics

ACADEMIC YEAR

2025

Karnataka
Board
Model Paper

SECOND PUC BLUE PRINT 2024-25
SUBJECT: ECONOMICS MODEL QUESTION PAPER - 1 SUBJECT CODE: 22
LOTS HOTS T

peri ods

Marks
Chapter/ Content domain/ O

No. of
REMEMBER UNDERSTANDING APPLY ANALYSE / EVALUVATE / CREATE T
Unit/ Theme
A
VSQ SQ LAQ EQ PQ VSQ SQ LAQ EQ PQ VSQ SQ LAQ EQ PQ VSQ SQ LAQ EQ PQ L

INTRODUCTORY MICRO ECONOMICS
1.Introduction to
Microeconomics 06 06 1 1 1 06
2.Theory of Consumer
Behavior 20 20 1+1 1 1+1 1 1 1 20
3.Production and cost 10 10 1 1 1 1 10
4.The theory of the firm
Under perfect competition 11 11 1 1 1 1 1 11
5.Market equilibrium 10 10 1 1 10
INTRODUCTORY MACRO ECONOMICS
1.Introduction to
Macroeconomics 05 05 1 1 1+1 05
2.National income
Accounting 17 17 1+1 1 1 1 1 1 17
3.Money and Banking 12 12 1 1 1 1 12
4.Determination of Income 08 08 08
and Employment 1 1
5.Government Budget and
The Economy 09 10 1 1 1 10
6.Open Economy
Macroeconomics 12 12 1 1 1+1 1 12
No. of Questions 01 - -
10 06 03 - 10 04 02 03 - - - 02 01 01 - 02 02
GRAND TOTAL 120 121 10 12 12 06 - 10 08 08 18 - - - 08 06 05 - - 08 - 10 121
Question type Number of questions Marks
VSQ - 1 MARKS 20 20 20 20 Objectives Percentage Marks
SQ - 2 MARKS 10 6 20 12 REMEMBER 33 40
LAQ - 4 MARKS 9 5 36 20 UNDERSTANDING 36 44
EQ - 6 MARKS 5 3 30 18 APPLY 16 19
PQ- 5 MARKS 3 2 15 10 ANALYSE / EVALUVATE / CREATE 15 18
Total 47 (43) 36 (32) 121 80 Total 100 121

[Note: Five questions in match the following to be considered as one question, therefore in Question Paper Total No. of Questions will be 43]

PÀ£ÁðlPÀ ¸ÀPÁðgÀ
PÀ£ÁðlPÀ ±Á¯Á ¥ÀjÃPÉë ªÀÄvÀÄÛ ªÀiË®å ¤tðAiÀÄ ªÀÄAqÀ½
vÀgU
À Àw: ¢éwÃAiÀÄ ¦AiÀÄĹ ªÀiÁzÀj ¥Àæ±ÉߥÀwæPÉ-1 ±ÉÊPÀëtÂPÀ ªÀµÀð: 2024-25
«µÀAiÀÄ: CxÀð±Á¸ÀÛç (22) UÀjµÀ× CAPÀUÀ¼ÄÀ : 80
¸ÀªÄÀ AiÀÄ: 3 UÀAmÉUÀ¼ÄÀ MlÄÖ ¥Àæ±ßÉ UÀ¼À ¸ÀASÉå: 43
(PÀ£ÀßqÀ DªÀÈwÛ)
¸ÀÆZÀ£ÉU¼
À ÀÄ: 1. ¥Àæ±ÉßUÀ¼À ¸ÀASÉåUÀ¼£
À ÀÄß ªÀiÁfð£ï£À°è ¸ÀàµÀÖªÁV §gɬÄj.
2. ¥Àæw ¥Àæ±ÉßUÉ GvÀÛgÀªÅÀ ¤gÀAvÀgª À ÁVgÀ¨ÉÃPÀÄ.
3. ¨sÁUÀ-J zÀ°è£À ¥Àæ±ÉßUÀ½UÉ ¥Àæxª À ÀĪÁV §gÉzÀ GvÀÛgÀU¼ À À£ÀÄß ªÀiÁvÀæ ªÀiË®åªÀiÁ¥À£Àz°
À è ¥ÀjUÀt¸À¯ÁUÀĪÀÅzÀÄ.

¨sÁUÀ-J
I. ¸ÀjAiÀiÁzÀ GvÀg
Û ÀªÀ£ÀÄß Dj¹ §gɬÄj (¥ÀæwAiÉÆAzÀPÀÆÌ 1 CAPÀ ªÀiÁvÀæ) 5x1=5
1. ¸ÁA¥ÀæzÁ¬ÄPÀªÁV CxÀð±Á¸ÀÛçzÀ «µÀAiÀÄ ªÀ¸ÄÀ ÛªÀ£ÀÄß F JgÀqÄÀ «±Á® «¨sÁUÀUÀ¼À°è CzsåÀ AiÀÄ£À ªÀiÁqÀ¯ÁVzÉ.
(a) ¸ÀÆPÀëöä ªÀÄvÀÄÛ ¸ÀªÄÀ UÀæ CxÀð±Á¸ÀÛç (b) ªÁ¸ÀÛ«PÀ ªÀÄvÀÄÛ ªÀiÁzÀj CxÀð±Á¸ÀÛç
(c) ¤UÀªÄÀ £À ªÀÄvÀÄÛ C£ÀÄUÀªÄÀ £À (d) ¸ÀªiÀ ÁdªÁ¢ ªÀÄvÀÄÛ §AqÀªÁ¼À±Á» DyðPÀvÉ
2. ¸ÁÜ£Àz±
À ÀðPÀ vÀĶÖUÄÀ t «±ÉèõÀuÉAiÀÄÄ vÀĶÖUÄÀ tªÀ£ÀÄß
(a) ¸ÀASÉåUÀ¼°
À è ªÀåPÀÛ¥Àr¸ÀÄvÀÛzÉ. (b) ¥Àæw¥s®
À UÀ¼À°è ªÀåPÀÛ¥Àr¸ÀÄvÀÛzÉ.
(c) ±ÉæÃtÂUÀ¼°
À è ªÀåPÀÛ¥Àr¸ÀÄvÀÛzÉ. (d) ¥Àæ±À¹ÛUÀ¼°
À è ªÀåPÀÛ¥Àr¸ÀÄvÀÛzÉ
3. PÉ®¸À ªÀiÁqÀ®Ä ¹zÀÞ«gÀĪÀ J¯Áè PÁ«ÄðPÀgÀÄ ¥ÀÆtð GzÉÆåÃUÀª£
À ÀÄß PÀAqÀÄPÉƼÀÄîwÛzÀÝgÀÄ ªÀÄvÀÄÛ J¯Áè PÁSÁð£ÉU¼
À ÀÄ
vÀªÀÄä ¥ÀÆtð ¸ÁªÀÄxÀåðzÀ°è PÁAiÀÄð ªÀiÁqÀÄvÀÛªÉ JA§ÄzÀÄ
(a) DzsÄÀ ¤PÀ aAvÀ£ÉAiÀiÁVzÉ (b) ¸ÀªÄÀ PÁ°Ã£À aAvÀ£ÉAiÀiÁVzÉ.
(c) ¸ÁA¥ÀæzÁ¬ÄPÀ aAvÀ£ÉAiÀiÁVzÉ. (d) £Àª-
À ¸ÁA¥ÀæzÁ¬ÄPÀ aAvÀ£ÉAiÀiÁVzÉ
4. ¥Àæ¸PÀ ÛÀ ZÁ°Û ¨É¯ÉUÀ¼À°è£À GDP ªÀiË®åªÀÅ
(a) £ÉÊd GDP DVzÉ. (b) GvÁàzÀ£ÁAUÀ¼À ªÉZÀÑz°
À è GDP DVzÉ.
(c) £ÁªÀĪÀiÁvÀæ GDP DVzÉ. (d) NDP DVzÉ.
5. ¸ÀéAiÀÄAZÁ°vÀ PÀA¥À£À UÁæºÀPz
À ÀAvÉ PÁAiÀÄ𠤪Àð»¸ÀĪÀ vÉjUÉ
(a) UÀÄuÁvÀäPÀ DzÁAiÀÄ vÉjUÉAiÀiÁVzÉ. (b) DzÁAiÀÄ vÉjUÉAiÀiÁVzÉ.
(c) ¥ÀjªÀiÁuÁvÀäPÀ vÉjUÉAiÀiÁVzÉ. (d) ¥ÀæªiÀ ÁuÁ£ÀÄUÀÄt DzÁAiÀÄ vÉjUÉAiÀiÁVzÉ

II. DªÀgÀtzÀ°ègÀĪÀ ¸ÀjAiÀiÁzÀ GvÀÛgÀªÀ£ÀÄß Dj¹, SÁ° ©lÖ ¸ÀܼÀªÀ£ÀÄß ¨sÀwð ªÀiÁr. (¥ÀæwAiÉÆAzÀPÀÆÌ 1 CAPÀ ªÀiÁvÀæ) 5x1=5
(vÀ¥²
À Ã®Ä ¥ÀnÖ, ¥ÀÆgÉÊPÉ, GvÁàzÀ£Á WÀlPÀ, §®, ¥Àj¥ÀÆtð ¥ÉÊ¥ÉÆÃn, §zÀ¯ÁUÀÄvÀÛªÉ)
6. DzÁAiÀÄ ºÉZÁÑzÀAvÉ ¸ÁªÀiÁ£Àå ¸ÀgPÀ ÄÀ UÀ¼À ¨ÉÃrPÉ gÉÃSÉAiÀÄÄ ________ ¨sÁUÀPÌÉ ¥À®èlUÉƼÀÄîvÀÛzÉ.
7. ¢üÃWÁðªÀ¢AiÀÄ°è J¯Áè DzÁ£ÀU¼
À ÀÄ _________
8. ¨É¯É ¥ÀqA
É iÀÄĪÀ ªÀvÀð£ÉAiÀÄÄ ________ ªÀiÁgÀÄPÀmÉÖAiÀÄ MAzÀÄ «©ü£Àß UÀÄt®PÀëtªÁVzÉ.
9. _________ UÀ¼£
À ÀÄß GzÀåªÀÄ WÀlPÀUÀ¼ÉAzÀÄ PÀgÉAiÀįÁUÀÄvÀÛzÉ.
10. ________ JA§ÄzÀÄ zÁ¸ÁÛ¤£À ZÀ®PÀªÁVzÉ.

III. ºÉÆA¢¹ §gɬÄj (¥ÀæwAiÉÆAzÀPÀÆÌ 1 CAPÀ ªÀiÁvÀæ) 5x1=5
11.

A B
a) ¸Àj¸ÀªiÀ Á£À ¨ÉÃrPÉ ¹Üw¸ÁÜ¥ÀPÀvÀé i) ¢ÃWÁðªÀ¢ü ¸ÀgÁ¸Àj ªÉZÀÑ
b) LRAC ii) «¤ªÀÄAiÀÄ ªÀiÁzsÀåªÀÄ
c) ¸ÁªÀiÁ£Àå ¯Á¨sÀ iii) QD=QS
d) ºÀt iv) qÀnð ºÉÆAzÁtÂPÉ
e) ¤ªÀðºÀuÁ ºÉÆAzÁtÂPÉ v) |ed|=1
vi) ±ÀÆ£Àå ¯Á¨sÀ

IV. PɼÀV£À ¥Àæ±ÉßUÀ½UÉ MAzÀÄ ¥ÀzÀ CxÀªÁ ªÁPÀåzÀ°è GvÀj
Û ¹j. (¥ÀæwAiÉÆAzÀPÀÆÌ 1 CAPÀ ªÀiÁvÀæ) 5x1=5
12. ªÀiÁzÀj CxÀð±Á¸ÀÛç «±ÉèõÀuÉ JAzÀgÃÉ £ÀÄ?
13. ¨ÉÃrPÉ JAzÀgÃÉ £ÀÄ?
14. DªÀÄzÀÄUÀ¼À CxÀð ¤Ãr.
15. CPI AiÀÄ£ÀÄß «¸ÀÛj¹.
16. ªÀÄÄPÀÛ DyðPÀvÉ JAzÀgÉ K£ÉAzÀÄ CxÉÊð¸ÀÄ«j?
¨sÁUÀ-©
V. F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÆ DgÀÄ ¥Àæ±ÉßUÀ½UÉ 4 ªÁåPÀåUÀ¼À°è GvÀj
Û ¹. (¥ÀæwAiÉÆAzÀPÀÆÌ 2 CAPÀ ªÀiÁvÀæ) 6x2=12
17. KPÀvÁ£ÁvÀäPÀ M®ªÀÅ JAzÀgÉãÀÄ?
18. ¥Àæw¥s®
À UÀ¼À ¥ÀæªÀiÁtzÀ «zsÀU¼
À À£ÀÄß w½¹.
19. MAzÀÄ GzÀåªÀÄ WÀlPÀzÀ ¥ÀÆgÉÊPÉ gÉÃSÉAiÀÄ£ÀÄß ¤zsÀðj¸ÀĪÀ JgÀqÀÄ CA±ÀUÀ¼À£ÀÄß w½¹.
20. ¨É¯É ¥ÀÆgÉÊPÉ ¹Üw¸ÁÜ¥ÀPÀvÀézÀ CxÀðªÀ£ÀÄß ¤Ãr ªÀÄvÀÄÛ CzÀgÀ ¸ÀÆvÀ檣
À ÀÄß §gɬÄj.
21. §AqÀªÁ¼À ±Á» DyðPÀvÉAiÀÄ ®PÀëtUÀ¼ÁªÀŪÀÅ?
22. C£ÀĨsÉÆÃV ¸ÀgPÀ ÀÄUÀ¼ÄÀ ªÀÄvÀÄÛ §AqÀªÁ¼À ¸ÀgÀPÀÄUÀ¼À £ÀqÀÄ«£À ªÀåvÁå¸ÀªÃÉ £ÀÄ?
23. GDP (gÁ¶ÖçÃAiÀÄ ªÀgÀªiÀ Á£À) ªÀiÁ¥À£ÀzÀ 3 «zsÁ£ÀUÀ¼À£ÀÄß w½¹.
24. ºÀtzÀ ¨ÉÃrPÉAiÀÄ JgÀqÀÄ GzÉÝñÀU¼
À À£ÀÄß w½¹.
25. ºÉZÄÀ ª
Ñ Àj ¨ÉÃrPÉ ªÀÄvÀÄÛ PÉÆgÀvÉ ¨ÉÃrPÉUÀ¼À CxÀðªÀ£ÀÄß §gɬÄj.
26. ªÀÄÄPÀÛ DyðPÀvÉAiÀÄ ªÀÄÆgÀÄ PÉÆArUÀ¼£
À ÀÄß w½¹.

¨sÁUÀ-¹
VI. F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÆ LzÀÄ ¥Àæ±ÉßUÀ½UÉ ¥ÀæwAiÉÆAzÀPÀÆÌ 12 ªÁPÀåUÀ¼À°è GvÀj
Û ¹. (¥ÀæwAiÉÆAzÀPÀÆÌ 4 CAPÀUÀ¼ÀÄ) 5x4=20
27. MAzÀÄ ¸Àg¼ À À DyðPÀvÉAiÀÄ°è PÀȶ PÀÄlÄA§, £ÉÃPÁgÀ, ²PÀëPg
À ÀÄ ¸ÀA¥À£ÀÆä®UÀ¼À£ÀÄß §¼À¹ ºÉÃUÉ vÀªÀÄä CUÀvåÀ UÀ¼À£ÀÄß
¥ÀÆgÉʸÀÄvÁÛgÉ JA§ÄzÀ£ÀÄß ZÀað¹.
28. §eÉmï gÉÃSÉAiÀÄ E½eÁj£À ¤µÀàwÛAiÀÄ£ÀÄß ¤gÀƦ¹.
29. §zÀ° ¸ÀgÀPÄÀ ªÀÄvÀÄÛ ¥ÀÆgÀPÀ ¸ÀgÀPÄÀ UÀ¼À £ÀqÄÀ «£À ªÀåvÁå¸ÀU¼
À À£ÀÄß UÀÄwð¹.
30. ¨É¯É CAvÀ¸ÄÀ Û ¥ÀjPÀ®à£A
É iÀÄ §UÉÎ §gɬÄj.
31. AiÉÆÃfvÀª®
À èzÀ vÀ¥À²Ã®Ä ¥ÀnÖAiÀÄ ±ÉÃRgÀuÉ ªÀÄvÀÄÛ PÀĹvÀª£
À ÀÄß GzÁºÀgu
À ÉAiÉÆA¢UÉ «µÀzÀ¥r
À ¹.

32. RBI £À PÁAiÀÄðUÀ¼À£ÀÄß ¸ÀAQë¥ÀÛªÁV «ªÀj¹.
33. PÀAzÁAiÀÄ PÉÆgÀvÉ ªÀÄvÀÄÛ PÉÆòÃAiÀÄ PÉÆgÀvA
É iÀÄ£ÀÄß ¸ÀAQë¥ÀÛªÁV «ªÀj¹.
34. §AqÀªÁ¼À SÁvÉAiÀÄ ¨sÁUÀU¼
À À ¥ÀlªÀ£ÀÄß awæ¹.
35. ¹ÜgÀ «¤ªÀÄAiÀÄ zÀgÀ ªÀÄvÀÄÛ §zÀ¯ÁUÀĪÀ «¤ªÀÄAiÀÄ zÀgÀUÀ¼À UÀÄt ªÀÄvÀÄÛ zÉÆõÀUÀ¼À£ÀÄß §gɬÄj.

¨sÁUÀ-r
VII. F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÆ ªÀÄÆgÀÄ ¥Àæ±ÉßUÀ½UÉ 20 ªÁPÀåUÀ¼À°è GvÀj
Û ¹. (¥ÀæwAiÉÆAzÀPÀÆÌ 6 CAPÀUÀ¼ÀÄ) 3x6=18
36. C£ÀĨsÉÆÃVAiÀÄ DzÀ±ð
À DAiÉÄÌAiÀÄ£ÀÄß gÉÃSÁavÀæzÀ ¸ÀºÁAiÀÄ¢AzÀ «ªÀj¹.
37. ««zsÀ C¯ÁàªÀ¢ü ªÉZÑÀUÀ¼À£ÀÄß «ªÀj¹.
38. ¹ÜgÀ ¸ÀASÉåAiÀÄ G¢ÝªÉÄ WÀlPÀU¼
À ÉÆA¢UÉ ªÀiÁgÀÄPÀmÉÖAiÀÄ ¸ÀªÄÀ vÉÆî£Àª£
À ÀÄß gÉÃSÁavÀæzÀ ¸ÀºÁAiÀÄ¢AzÀ
«ªÀj¹.
39. GDP AiÀÄ£ÀÄß MAzÀÄ zÉñÀzÀ AiÉÆÃUÀPÉëêÀÄzÀ ¸ÀÆZÀåAPÀªÁV §¼À¹PÉƼÀÄîªÀÅzÀgÀ «ÄwUÀ¼£
À ÀÄß §gɬÄj.
40. DzÁAiÀÄ ªÀÄvÀÄÛ GvÀà£ÀßzÀ ªÉÄÃ¯É ¸ÀªÀÄUÀæ ¨ÉÃrPÉAiÀÄ°è£À ¸ÁéAiÀÄvÀÛ §zÀ¯ÁªÀuÉAiÀÄ ¥ÀjuÁªÀĪÀ£ÀÄß «±Éèö¹.

¨sÁUÀ-E
VIII. F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÄ JgÀqÀÄ PÁAiÀÄð¨sÁgÀ ªÀÄvÀÄÛ ¤AiÉÆÃd£É DzsÁjvÀ ¥Àæ±ÉßUÀ½UÉ GvÀÛj¹. (¥ÀæwAiÉÆAzÀPÀÆÌ 5 CAPÀUÀ¼ÀÄ)
2x5=10
41. PɼÀUÉ ¤ÃrgÀĪÀ PÉÆõÀÖPÀzÀ°è ¸ÀgQÀ £À ¥Àæw WÀlPÀzÀ ªÀiÁgÀÄPÀmÉÖ ¨É¯É gÀÆ. 25 EzÁÝUÀ MlÄÖ DzÁAiÀÄ, ¹ÃªÀiÁAvÀ
DzÁAiÀÄ ªÀÄvÀÄÛ ¸ÀgÁ¸Àj DzÁAiÀÄzÀ C£ÀĸÀÆaUÀ¼À ¯ÉPÁÌZÁgÀ ªÀiÁr.
ªÀiÁgÁl ¥ÀæªiÀ Át (q) TR MR AR
0
1
2
3
4
5

42. ¨sÁgÀvÀzÀ DyðPÀvÉAiÀÄ ªÉÄÃ¯É C£ÁtÂåÃPÀgÀt CxÀªÁ ºÀtzÀ CªÀiÁ¤åÃPÀgt
À (£ÉÆÃlÄ gÀzÞÀ w)zÀ ¥ÀjuÁªÀĪÀ£ÀÄß PÀÄjvÀÄ
§gɬÄj.
43. ¤ªÀÄä PÀÄlÄA§zÀ ªÀiÁ¹PÀ DzÁAiÀÄ ªÀÄvÀÄÛ ªÉZU
ÀÑ À¼£
À ÉÆß¼ÀUÆ
É AqÀ MAzÀÄ ¸ÀªÄÀ vÉÆðvÀ ªÀÄÄAUÀqÀ ¥ÀvÀæªÀ£ÀÄß vÀAiÀiÁj¹.
¨sÁUÀ-J¥sï
zÀ馅 «PÀ®ZÉÃvÀ£À «zÁåyðUÀ½UÉ ªÀiÁvÀæ
34. §AqÀªÁ¼À SÁvÉAiÀÄ ¨sÁUÀU¼
À À£ÀÄß §gɬÄj.
41. TR, MR ªÀÄvÀÄÛ AR UÀ¼À CxÀðªÀ£ÀÄß «ªÀj¹.
*************

GOVERNMENT OF KARNATAKA
KARNATAKA SCHOOL EXAMINATION AND ASSESSMENT BOARD
Class: II PUC MODEL QUESTION PAPER-1 Academic Year:2024-25
Subject: ECONOMICS (22) Maximum Marks: 80
Time: 3 Hours No. of Question: 43
(English Version)
Instructions: 1. Write the question numbers legibly in the margin.
2. Answer for the questions should be continuous.
3. For PART –A questions only the first written answer will be considered for evaluation.
PART-A
I. Choose the correct answer (Each question carries 1 mark). 5x1=5
1. Traditionally, the subject matter of economics has been studied under the following
broadbranches.
(a) Micro and Macro Economics (b) Positive and Normative Economics
(c) Deductive and Inductive (d) Socialistic and Capitalistic economy
2. Ordinal utility analysis expresses utility in
(a) Numbers (b) Returns (c) Ranks (d) Awards
3. ‘All the laborer’s who are ready to work will find employment and all the factories will be
working at their full capacity’, this school of thought is known as
(a) Modern thought (b) Contemporary thought
(c) Classical thought (d) Neo-Classical thought
4. The value of GDP at the current prevailing prices is
(a) Real GDP (b) GDP at factor cost (c) Nominal GDP (d) NDP
5. The tax which acts as an automatic stabilizer
(a) Qualitative income tax (b) Income Tax
(c) Quantitative tax (d) Proportional income tax
II. Fill in the blanks by choosing correct answer from the bracket. (Each question Carries 1 mark.)
(Inventory, Supply, Production Units, Right, Perfect competition, Variable) 5x1=5
6. As income increases, the demand curve for normal goods shifts towards____________
7. In the long run all inputs are _________
8. Price taking behavior is the single most distinguishing characteristic of ________market.
9. _________will be called as firms.
10. ____________is a stock variable.
III. Match the following (Each question Carries 1 mark) 5x1=5
11.
A B
a) Unitary elasticity of demand i) Long run average cost
b) LRAC ii) Medium of Exchange
c) Normal profit iii) QD=QS
d) Money iv) Dirty floating
e) Managed floating v) |ed|=1
vi) Zero profit

IV. Answer the following questions in a sentence or a word. (Each question carries 1 mark) 5x1=5
12. What is Normative economic analysis?
13. What is Demand?
14. Give the meaning of imports.
15. Expand CPI.
16. What do you mean by Open economy?

PART-B
V. Answer any Six of the following in 4 sentences each. (Each question carries 2 marks) 6x2=12
17. What is monotonic preference?
18. Mention the types of returns to scale.
19. Mention the two determinants of a firm’s supply curve.
20. Give the meaning of price elasticity of supply and write its formula.
21. What are the features of capitalistic economy?
22. What is the difference between consumer goods and capital goods?
23. Mention 3 methods of measuring GDP (National income).
24. Mention the two motives of demand for money.
25. Write the meaning of excess demand and deficient demand.
26. Mention the three linkages of open economy.

PART-C
VI. Answer any five of the following questions in 12 sentences each. (Each question carries 4 marks)
5x4=20
27. Discuss how the Family Farm, Weaver and Teacher can use their resources to fulfill their needs in
a simple economy.
28. Present the derivation of slope of the budget line.
29. Identify the differences between substitutes and complements.
30. Write about the concept of Price Floor.
31. Illustrate unplanned accumulation and decumulation with an example.
32. Briefly explain the functions of RBI.
33. Briefly explain the revenue deficit and fiscal deficit.
34. Draw the chart of components of capital account.
35. Write the merits and demerits of flexible and fixed exchange rate system.

PART-D
VII. Answer any three of the following questions in 20 sentences each. (Each question carries 6 marks)
3x6=18
36. Explain the optimal choice of consumer with the help of diagram.
37. Explain the various short run costs.
38. Explain the market equilibrium with the fixed number of firms with the help of diagram.
39. Write down some of the limitations of using GDP as an index of welfare of a country.
40. Analyse the effect of autonomous change in aggregate demand on income and output.

PART-E
VIII. Answer any two of the following projects and assignment-oriented questions.
(Each question carries 5 marks) 2x5=10
41. Compute the Total Revenue, Marginal Revenue and Average Revenue schedules from the
following table when market price of each unit of good is Rs.25.
Quantity sold (q) TR MR AR
0
1
2
3
4
5
.
42. Write about the impact of Demonetisation on Indian Economy.
43. Prepare a balanced budget on monthly income and expenditure of your family.

PART - F

FOR VISUALLY CHALLENGED STUDENTS ONLY
34. Write the components of capital account.
41. Explain the meaning of TR, MR and AR
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