NIOS Class 12 Question Paper Apr 2019 - Economics

This Question Paper consists 32 questions and 8 Printed pages.
Bg àíZ-nÌ nwpñVH$m Ho$ AÝVJ©V 32 àíZ Am¡a 8 ‘w{ÐV n¥ð> h¢&
Sl. No.

Roll No.
AZw H « $ _m§ H $
Code No.
H$moS> Z§.
58/OSS/1
ECONOMICS
Set / go Q > A
AW©emó
(318)
Day and Date of Examination
(narjm H$m {XZ d {XZm§ H $)
Signature of Invigilators 1.
({ZarjH$m| Ho $ hñVmja)
2.
General Instructions :
1. Candidate must write his/her Roll Number on the first page of the Question Paper.
2. Please check the Question Paper to verify that the total pages and total number of questions contained in
the Question Paper are the same as those printed on the top of the first page. Also check to see that the
questions are in sequential order.
3. Making any identification mark in the Answer-Book or writing Roll Number anywhere other than the
specified places will lead to disqualification of the candidate.
4. Write your Question Paper Code No. 58 / OSS /1, Set - A on the Answer-Book.
5. (a) The Question Paper is in English/Hindi medium only. However, if you wish, you can answer in any
one of the languages listed below :
English, Hindi, Urdu, Punjabi, Bengali, Tamil, Malayalam, Kannada, Telugu, Marathi, Oriya, Gujarati,
Konkani, Manipuri, Assamese, Nepali, Kashmiri, Sanskrit and Sindhi.
You are required to indicate the language you have chosen to answer in the box provided in the
Answer-Book.
(b) If you choose to write the answer in the language other than Hindi and English, the responsibility
for any errors/mistakes in understanding the question will be yours only.
gm_mÝ` AZwXoe :
1. narjmWu àíZ-nÌ Ho$ nhbo n¥ð> na AnZm AZwH«$‘m§H$ Adí¶ {bI|&
2. H¥$n¶m àíZ-nÌ H$mo Om±M b| {H$ àíZ-nÌ Ho$ Hw$b n¥ð>m| VWm àíZm| H$s CVZr hr g§»¶m h¡ {OVZr àW‘ n¥ð> Ho$ g~go D$na N>nr h¡& Bg ~mV
H$s Om±M ^r H$a b| {H$ àíZ H«${‘H$ ê$n ‘| h¢&
3. CÎma-nwpñVH$m ‘| nhMmZ-{M• ~ZmZo AWdm {Z{X©ï> ñWmZm| Ho$ A{V[aº$ H$ht ^r AZwH«$‘m§H$ {bIZo na narjmWu H$mo A¶mo½¶ R>ham¶m Om¶oJm&
4. AnZr CÎma-nwpñVH$m na àíZ-nÌ H$s H$moS> g§»¶m 58 / OSS /1, goQ> - A {bI|&
5. (H$) àíZ-nÌ Ho$db qhXr/A§J«oOr ‘mܶ‘ ‘| h¡& {’$a ^r, ¶{X Amn Mmh| Vmo ZrMo Xr JB© {H$gr EH$ ^mfm ‘| CÎma Xo gH$Vo h¢ :
A§J«oOr,qhXr,CX©ÿ,n§Om~r, ~§Jbm, V{‘b, ‘b¶mb‘, H$ÝZ‹S>, VobwJw, ‘amR>r, C{‹S>¶m, JwOamVr, H$m|H$Ur, ‘{Unwar, Ag{‘¶m, Zonmbr,
H$í‘rar, g§ñH¥$V Am¡a qgYr&
H¥$n¶m CÎma-nwpñVH$m ‘| {XE JE ~m°³g ‘| {bI| {H$ Amn {H$g ^mfm ‘| CÎma {bI aho h¢&
(I) ¶{X Amn qhXr Ed§ A§J«oOr Ho$ A{V[a³V {H$gr Aݶ ^mfm ‘| CÎma {bIVo h¢ Vmo àíZ H$mo g‘PZo ‘| hmoZo dmbr Ìw{Q>¶m|/Jb{V¶m| H$s
{Oå‘oXmar Ho$db AmnH$s hmoJr&

58/OSS/1-318-A] G-228 1 *58/OSS/1-318-A* [ Contd......

ECONOMICS
AW©emó
(318)
Time : 3 Hours] [Maximum Marks : 100
g_` : 3 KÊQ>o] [nyUmªH$ : 100

Note : i) All questions are compulsory.
ii) Marks allotted to each question are indicated against it.
iii) Each question from Question Nos. 1 to 10 has four alternatives - (A), (B), (C) and
(D), out of which one is most appropriate. Choose the correct answer among the
four alternatives and write it in your answer-book against the number of the ques-
tion. No extra time is allotted for attempting multiple choice questions.

{ZX}e: i) g^r àíZm| Ho$ CÎma Xr{OE &
ii) à˶oH$ àíZ Ho$ gm‘Zo CgHo$ A§H$ {bIo JE h¢ &
iii) àíZ g§»¶m 1 go 10 VH$ Ho$ à˶oH$ àíZ ‘| Mma {dH$ën-(A), (B), (C) VWm (D) h¢, {OZ‘| go EH$ g~go Cn¶wº$ h¡ & Mmam|
{dH$ënm| ‘| go ghr CÎma MwZ| VWm AnZr CÎma-nwpñVH$m ‘| àíZ g§»¶m Ho$ gm‘Zo CÎma {bI| & ~hþ-{dH$ënr àíZm| Ho$ {bE A{V[aº$
g‘¶ Zht {X¶m OmEJm &

1. The measure of Central tendency around which maximum concentration of items
occurs is: [1]
(A) Mean (B) Median
(C) Mode (D) Quartile
Ho$ÝÐr¶ àd¥{V H$m dh ‘mn {OgH$s g~go A{YH$ Amd¥{V hmoVr h¡, ¶h h¡ :
(A) ‘mܶ (B) ‘mpܶH$m
(C) ~hþbH$ (D) MVwW©H$

2. The general relationship between price and demand is referred to as the following
type of correlation : [1]
(A) Positive (B) Negative
(C) Linear (D) Perfect
H$s‘V Am¡a ‘m±J Ho$ ~rM gh g§~§Y {ZåZ{b{IV àH$ma H$m ghg§~§Y H$hbmVm h¡ :
(A) YZmˑH$ (B) F$UmˑH$
(C) a¡{IH$ (D) nyU©
58/OSS/1-318-A] G-228 2 *58/OSS/1-318-A* [ Contd......

3. Normative economics deals with : [1]
(A) What is?
(B) What should be?
(C) What has happened in the past?
(D) What is likely to happen in future
AmXe© AW©emó BgH$m Aܶ¶Z H$aVm h¡?
(A) ³¶m h¡?
(B) ³¶m hmoZm Mm{hE?
(C) AVrV ‘§o ³¶m hþAm Wm?
(D) ^{dî¶ ‘| ³¶m hmoZo H$s g§^mdZm h¡?

4. Total utility of one unit a good is 5 utils and that of 3 units is 10 utils. What is
marginal utility of 3 units? [1]
(A) 2.5 (B) 5
(C) 7.5 (D) 10
EH$ dñVw H$s EH$ BH$mB© H$s Hw$b Cn¶mo{JVm 5 ¶w{Q>b h¡ Am¡a 3 BH$mB© H$s 10 ¶w{Q>b h¡ & 3 BH$mB© H$s gr‘m±V
Cn¶mo{JVm ³¶m h¡?
(A) 2.5 (B) 5
(C) 7.5 (D) 10

5. Shortrun production function shows the changes in total output when: [1]
(A) Only one input is increased (B) Only two inputs are increased
(C) Only few inputs are increased (D) All inputs are increased
AënH$mbrZ CËnmXZ ’$bZ Hw$b CËnmXZ ‘| n[adV©Z {XImVr h¡ O~ :
(A) Ho$db EH$ AmJV ‘| d¥[Õ H$s OmE (B) Ho$db Xmo AmJVm| ‘| d¥[Õ H$s OmE &
(C) Ho$db Hw$N> AmJVm| ‘| d¥[Õ H$s OmE & (D) g^r AmJVm| ‘| d¥[Õ H$s Om¶ &
58/OSS/1-318-A] G-228 3 *58/OSS/1-318-A* [ Contd......

6. Markets in microeconomics are classified on the basis of : [1]
(A) Number of firms
(B) Differences in products produced by different firms
(C) Freedom of entry and exit to firms
(D) All the above
ì¶pîQ> AW©emó ‘§o ~mOmam| H$mo Bg AmYma na d¥JrH¥$V {H$¶m OmVm h¡ :
(A) ’$‘m|© H$s g§»¶m
(B) {d{^Þ ’$‘m] Ûmam CËnm{XV CËnmXm| ‘§o {d{^ÞVm
(C) ’$‘m] H$mo àdoe VWm ~{hJ©‘Z H$s ñdV§ÌVm
(D) Cnamoº$ g^r
7. The basic economic activity is: [1]
(A) Production (B) Consumption
(C) Capital formation (D) All the above
AmYma^yV Am{W©H$ à{H«$¶m ¶h h¡ :
(A) CËnmXZ (B) Cn^moJ
(C) ny±Or {Z‘m©U (D) Cnamoº$ g^r

8. GNPMP equals: [1]
(A) National income
(B) NNPFc + depreciation
(C) National income + depreciation + net Indirect Tax
(D) NNPFc + net indirect Tax
~mOma ‘yë¶ na gH$b amîQ´>r¶ CËnmX BgHo$ g‘mZ h¡ :
(A) amîQ´>r¶ Am¶
(B) gmYZ bmJV na {Zdb amîQ´>r¶ CËnmX + ‘yë¶õmg
(C) amîQ´>r¶ Am¶ + ‘yë¶õmg + {Zdb Aà˶j H$a
(D) gmYZ ‘yë¶ na {Zdb amîQ´>r¶ CËnmX + {Zdb Aà˶j H$a
58/OSS/1-318-A] G-228 4 *58/OSS/1-318-A* [ Contd......

9. Consumption depends upon : [1]
(A) Saving (B) Investment
(C) Income (D) None of the above
Cn^moJ Bg na {Z^©a H$aVm h¡ :
(A) ~MV (B) {Zdoe
(C) Am¶ (D) Cnamoº$ ‘| go H$moB© Zht

10. Which of the following is primary function of money. [1]
(A) Store of value (B) Measure of value
(C) Transfer of value (D) Standard of deferred payment
{ZåZ{b{IV ‘| go H$m¡Z gm ‘wÐm H$m àmW{‘H$ H$m¶© h¡?
(A) ‘yë¶ H$m g§J«h (B) ‘yë¶ H$m ‘mnH$
(C) ‘yë¶ H$m ñWmZm§VaU (D) ñW{JV ^wJVmZ H$m ‘mZH$

11. Index numbers are economic barometers. Explain how? [3]
gyMH$m±H$ Am[W©H$ dm¶w‘mnH$¶§Ì hmoVo h¡? g‘PmBE H¡$go?

12. Explain the meaning of correlation. [3]
ghg§~§Y H$m AW© g‘PmBE &

13. Giving an example explain how economic problem arises in an economy due to
'unlimited wants'. [3]
CXmhaU XoH$a g‘PmBE {H$ "Agr{‘V ‘m±Jmo' Ho$ H$maU Am{W©H$ g‘ñ¶m H¡$go n¡Xm hmoVr h¡ &

14. Define production possibilities curve. State its two properties. [3]
CËnmXZ g§^mdZm dH«$ H$s n[a^mfm Xr{OE & BgH$s Xmo {deofVmE± ~VmBE &

15. Explain how demand for a given good is affected by change in prices of substitute
goods. [3]
g‘PmBE {H$ {H$gr dñVw H$s ‘m±J CgH$s ñWmZmnÞ dñVwAm| H$s H$s‘Vm| ‘| n[adV©Z go H¡$go à^m{dV hmoVr h¡ &

58/OSS/1-318-A] G-228 5 *58/OSS/1-318-A* [ Contd......

16. Show that average revenue of a product is also the price of the product. [3]
{XImBE H¡$go {H$gr CËnmX H$m Am¡gV AmJ‘ CgH$s H$s‘V ^r hmoVm h¡ &

17. An individual firm under perfect competition is price taker. Explain how [3]
nyU© à{V¶mo{JVm ‘| EH$ AHo$br ’$‘© H$s‘V ñdrH$maH$ hmoVr h¡ & g‘PmBE H¡$go &

18. Distinguish between closed economy and open economy. [3]
~§X AW©ì¶dñWm Am¡a Iwbr AW©ì¶dñWm ‘| ^oX H$s{OE &

19. Name three instruments of fiscal policy. [3]
amOH$mofr¶ Zr{V Ho$ VrZ CnH$aU ~VmBE &

20. Explain store of value function of money [3]
‘wÐm H$m ‘yë¶ g§J«h H$m¶© g‘PmBE &

21. A consumer buys 20 units of a good at a price of Rs.5 per unit. The price elasticity
is (–) 2. When price changes he buys 28 units. Calculate the new price. [4]
5 ê$. à{V BH$mB© na EH$ Cn^moº$m EH$ dñVw H$s 20 BH$mB¶m± IarXVm h¡ & H$s‘V bmoM (–) 2 h¡ & O~ H$s‘V
~XbVr h¡ Vmo dh 28 BH$mB© IarXVm h¡ & Z¶r H$s‘V H$m n[aH$bZ H$s{OE &

22. A producer supplies 100 units of a good at a price of Rs.10 per unit. The price
elasticity of supply is 1. How many units will he be willing to sell when price falls by
one rupee per unit. Calculate. [4]
EH$ CËnmXH$ 10 ê$. à{V BH$mB© na EH$ dñVw H$s 100 BH$mB© ~oMVm h¡ & ny{V© H$s {H$‘V bmoM 1 h¡ & ¶{X H$s‘V
1 é. {Ja Om¶ dh {H$VZr BH$mB© ~oMZo H$mo V¡¶ma hmoJm & n[aH$bZ H$s{OE &

23. Distinguish between explicit cost and implicit cost. Give an example of each. [4]
ñnîQ> bmJV Am¡a A§V{Z©{hV bmJV ‘| A§Va ~VmBE & à˶oH$ H$m EH$ EH$ CXmhaU Xr{OE &

58/OSS/1-318-A] G-228 6 *58/OSS/1-318-A* [ Contd......

24. Calculate Gross National Disposable Income [4]
(Rs. crore)
i) National Income 550
ii) Depreciation 30
iii) Indirect Tax 60
iv) Subsidy 10
v) Net current transfers to abroad (–) 5
gH$b amîQ´>r¶ à¶moÁ¶ Am¶ H$m n[aH$bZ H$s{OE :
(H$amoS> ê$.)
i) amîQ´>r¶ Am¶ 550
ii) ‘yë¶õmg 30
iii) Aà˶j H$a 60
iv) Am[W©H$ ghm¶Vm 10
v) {dXoem| H$mo {Zdb Mmby hñVm§VaU (–) 5

25. Explain 'banker to the government' function of central bank. [4]
Ho$ÝÐr¶ ~¢H$ H$m "gaH$ma H$m ~¢H$a' H$m¶© g‘PmBE &

26. Distinguish between revenue expenditure and capital expenditure of government.
Give an example of each. [4]
gaH$ma Ho$ amOñd 춶 Am¡a ny±OrJV 춶 ‘| A§Va H$s{OE & à˶oH$ H$m EH$ EH$ CXmhaU Xr{OE &

27. Calculate first quartile of daily wages of 11 workers. [6]
Wages (Rs)
300, 270, 210, 250, 225, 230, 245, 255, 275, 280, 290
11 l{‘H$m| H$s X¡{ZH$ ‘OXÿar H$m àW‘ MVwW©H$ H$m n[aH$bZ H$s{OE &
‘OXÿar (ê$.)
300, 270, 210, 250, 225, 230, 245, 255, 275, 280, 290

28. State 3 positional averages. Also state any three properties of arithmetic average.[6]
3 pñW{V g§~§Yr Am¡gV ~VmBE & A§H$J{UVr¶ ‘mܶ H$s VrZ {deofVmE± ^r ~VmBE &

58/OSS/1-318-A] G-228 7 *58/OSS/1-318-A* [ Contd......

29. Show that two indifference curves cannot intersect each other. Use diagram. [6]
{XImBE {H$ Xmo AZ{Y‘mZ dH«$ EH$ Xÿgao H$mo Zht H$mQ> gH$Vo & aoIm{MÌ H$m à¶moJ H$s{OE &
For blind candidates only in lieu of Q No. 29
Ho$db ÑpîQ>hrZ narjm{W©¶mo Ho$ {bE àíZ g§»¶m 29 Ho$ ñWmZ na
Explain why an indifference curve is (a) downward slopping and (b) convex.
g‘PmBE {H$ EH$ AZ{Y‘mZ dH«$ (a) ZrMo H$s Amoa T>bdm° Am¡a (b) CÞVmoXa ³¶m§o hmoVm h¡ &
30. Define supply. Explain how 'prices of other goods' is a determinant of supply of
a good. Give example. [6]
ny{V© H$s n[a^mfm Xr{OE & g‘PmBE {H$ Aݶ dñVwAm| H$s H$s‘Vo {H$gr dñVw H$s ny{V© H$m {ZYm©aH$ H¡$go h¢ &
31. Calculate GNPmp: (Rs. crore) [6]
i) Net factor income from abroad 5
ii) Compensation of employees 350
iii) Employers contribution to social security 30
iv) Rent 200
v) Net indirect Tax 60
vi) Interest 150
vii) Dividends 20
viii) Corporate Tax 100
ix) Depreciation 35
x) Undistributed profits 5
xi) Subsidy 10
GNPmp H$m n[aH$bZ H$s{OE : (H$amoS> ê$.)
i) {dXoemo go {Zdb H$maH$ Am¶ 5
ii) H$‘©Mm[a¶m| H$m nm[al{‘H$ 350
iii) {Z¶moOH$m| H$m gm‘m{OH$ gwajm ‘§o ¶moJXmZ 30
iv) {H$am¶m 200
v) {Zdb Aà˶j H$a 60
vi) ã¶mO 150
vii) bm^m§e 20
viii) {ZJ‘ H$a 100
ix) ‘yë¶õmg 35
x) A{dV[aV bm^ 5
xi) Am[W©H$ ghm¶Vm 10
32. Given that MPC = 0.80 and investment increases by Rs. 200 crore,
calculate (a) value of multiplier and (b) increase in income. [6]
¶{X MPC = 0.80 h¡ Am¡a {Zdoe 200 H$amo‹S> ê$. ~T> OmVm h¡ Vmo, (H$) JwUH$ H$m ‘yë¶ Am¡a (I) Am¶ ‘|
d¥[Õ H$m n[aH$bZ H$s{OE &
yyy
58/OSS/1-318-A] G-228 8 *58/OSS/1-318-A*