MBOSE Class 12 Question Paper 2024 for Economics

Meghalaya Board of School Education

QUESTION
PAPERS

Total No. of Printed Pages—8
HS/XII/A.Com/Ec/24

2024

ECONOMICS

Full Marks : 80

Time : 3 hours

The figures in the margin indicate full marks for the questions

General Instructions :
(i) All questions in both the Parts are compulsory.
(ii) Marks for questions are indicated against each question.
(iii) Question Nos. 1–5 and 18–22 are objective-type
questions carrying 1 (one) mark each.
(iv) Question Nos. 6–10 and 23–27 are very short answer-
type questions carrying 1 (one) mark each. Answers to
them should be in one sentence each.
(v) Question Nos. 11, 12, 28 and 29 are short answer-type
questions carrying 3 (three) marks each. Answers to them
should normally not exceed 60 (sixty) words each.
(vi) Question Nos. 13–15 and 30–32 are also short answer-
type questions carrying 4 (four) marks each. Answers
to them should normally not exceed 70 (seventy) words
each.
(vii) Question Nos. 16, 17, 33 and 34 are long answer-type
questions carrying 6 (six) marks each. Answers to them
should normally not exceed 100 (hundred) words each.

/18 [ P.T.O.

( 2 )

PART—A
( Introductory Macroeconomics )
( Marks : 40 )

1. Classification of goods into intermediate and final goods
depends on the
(a) production of goods
(b) consumption of goods
(c) distribution of goods
(d) end-use of goods 1
2. Repo rate relates to
(a) short-term borrowings by commercial banks from
the central bank
(b) long-term borrowings by commercial banks from the
central bank
(c) disinvestment
(d) dissavings 1
3. In consumption function, C = c + bY , b represents
(a) autonomous consumption
(b) savings
(c) MPC
(d) MPS 1
4. By implementing measures like cash transfers to senior
citizens and widows, the government is trying to achieve
the objective of
(a) reallocation of resources
(b) redistribution of income
(c) regional equality
(d) All of the above 1

HS/XII/A.Com/Ec/24/18 [ Contd.

( 3 )

5. Flexible exchange rate system is also known as
(a) managed floating system
(b) pegged exchange rate system
(c) floating exchange rate system
(d) None of the above 1
6. Define money supply. 1
Or
Given legal reserve ratio (LRR) = 20%, calculate the value
of money multiplier.

7. If MPC = MPS, calculate the value of investment
multiplier (K ). 1
8. What is government budget? 1
9. What is fixed exchange rate? 1
10. Give one distinction between balance of trade and balance
of payments. 1
11. Classify the following as intermediate goods or final goods,
giving reasons : 1×3=3
(a) Apples purchased by a fruit seller
(b) Sugar purchased by household
(c) Wood purchased for making chairs
Or
What is nominal GDP? Given nominal GDP = R 600 crores
and real GDP = R 480 crores, calculate price index. 1+2=3
12. Explain any three merits of fixed exchange rate system. 3
13. Examine the functions of money. 4
14. What is full employment? Compare voluntary
unemployment and involuntary unemployment. 1+3=4

HS/XII/A.Com/Ec/24/18 [ P.T.O.

( 4 )

15. Giving reasons, categorize the following into revenue
receipts and capital receipts : 1×4=4
(a) Borrowing from rest of the world
(b) Recovery of loans
(c) Financial aids from rest of the world
(d) Disinvestment
Or
From the following data, calculate (a) revenue deficit,
(b) fiscal deficit and (c) primary deficit : 1+2+1=4

Items R (in crore)
(i) Tax revenue 2,000
(ii) Non-tax revenue 300
(iii) Revenue expenditure 2,500
(iv) Capital expenditure 560
(v) Recovery of loans 210
(vi) Disinvestment 100
(vii) Interest payments 125

16. Explain the circular flow of income in a two-sector model. 6
17. What is excess demand? Explain the concept of
inflationary gap with the help of a diagram. 1+5=6
Or
What is equilibrium output? Find out MPC and MPS from
the following information if the economy is in
equilibrium : 1+4+1=6
National income (Y ) = R 1,500 crore
Autonomous consumption (c ) = R 250 crore
Autonomous investment (I ) = R 125 crore

HS/XII/A.Com/Ec/24/18 [ Contd.

( 5 )

PART—B
( Indian Economic Development )
( Marks : 40 )

18. On the eve of Independence, India’s demographic
condition was characterized by which of the following? 1
(a) Low level of technology, low mortality rates and high
life expectancy
(b) High level of literacy, high mortality rates and low life
expectancy
(c) Low level of literacy, high mortality rates, and high
life expectancy
(d) Low level of literacy, high mortality rates and low life
expectancy

19. The first Industrial Policy Resolution in Independent India
was introduced in the year
(a) 1948
(b) 1950
(c) 1951
(d) 1956 1

20. The traditional sources of rural credit in India are
(a) moneylenders
(b) relatives and friends
(c) traders
(d) All of the above 1

HS/XII/A.Com/Ec/24/18 [ P.T.O.

( 6 )

21. Choose the correct alternative showing chronological
order of the following events :
(i) First Five-Year Plan in India
(ii) First Five-Year Plan in Pakistan
(iii) Economic Reforms in China
(iv) Economic Reforms in India
Select the correct option using the codes given below.

(a) (i), (ii), (iii), (iv)
(b) (iv), (iii), (ii), (i)
(c) (ii), (i), (iv), (iii)
(d) (iii), (i), (iv), (ii) 1

22. Choose the correct pair : 1
Column—I Column—II

(a) Great Leap Forward : 1958
(b) One-child norm : Pakistan
(c) Commune system : Industries
(d) Mixed economy : China

23. What is privatization? 1

24. Define rural development. 1
Or

What is agricultural marketing?

25. What is the meaning of worker participation ratio? 1

HS/XII/A.Com/Ec/24/18 [ Contd.

( 7 )

26. What is infant mortality rate? 1

27. Which campaign initiated industrialization in China? 1

28. What is mixed economy? Compare between Capitalism
and Socialism. 1+2=3

29. Explain the types of agricultural diversification. 3

Or

Briefly explain the causes of environmental degradation.

30. What measures would you suggest to solve the problem of
unemployment in India? 4

Or

Distinguish between the following : 2×2=4
(a) Regular workers and Casual workers
(b) Formal sector and Informal sector

31. How do the following factors contribute to the
environmental crisis in India? 2×2=4
(a) Water contamination
(b) Rising population

32. Compare the economies of India and China on the
following two parameters : 2×2=4
(a) Human Development Index
(b) Population Growth

HS/XII/A.Com/Ec/24/18 [ P.T.O.

( 8 )

33. Argue in favour or against the economic reforms initiated
in 1991. 6
Or
Examine the role of small scale industries in the economic
development of a country.

34. What is meant by human capital? Explain the sources of
human capital formation. 1+5=6
Or
What is organic farming? Explain its benefits. 1+5=6

HHH

HS/XII/A.Com/Ec/24/18 24K—15950

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