Supply and Demand and Price

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  • Topic: Supply and demand, Consumer theory, Economics
  • Pages : 40 (8648 words )
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  • Published : January 17, 2013
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1
DESIGN OF QUESTION PAPER
ECONOMICS
Class – XII
Marks – 100 Duration – 3 hrs.
1. Weightage by type of questions
Type Number of Mark Total Estimated time a
questions candidate is
expected to take
to answer
Long answer questions 6 6 36 60 minutes
Short answer questions I 6 4 24 36 minutes
Short answer questions II 10 3 30 50 minutes
Very short answer questions 10 1 10 15 minutes
2. Weightage by content
Unit No Unit Sub-Units Marks
1 Introduction 4
2 Consumer Equilibrium and Demand 18
3 Producer Behaviour and Supply 18
4 Forms of Market and Price determination 10
6 National income and related aggregates 15
7 Money and Banking 8
8 Determination of Income and employment 12
9 Government Budget and the economy 8
10 Balance of Payment 7
Total 100
3. Difficulty level of the question paper
Level Marks % age of the total marks
A. Easy 30 30
(Can be attempted satisfactorily by students who
have gone through the study material)
B. Average 50 50
(Can be attempted by students who have regularly
studied the study material but may not have given
sufficient time to writing.
C. Difficult 20 20
(Can be attempted by top students)
4. Scheme of Options
There is no overall choice. However, there is an internal choice in one question of 6 marks, one question of 4 marks and one question of 3 marks in each section. Thus there will be internal choice to 6 questions. 2

SAMPLE QUESTION PAPER 1
ECONOMICS
Class XII
Maximum Marks: 100 Time: 3 hours
BLUE PRINT
Sl.
No.
Forms of
Questions
Content Unit
Very Short
(1 Mark)
Short Answer
(3,4 Marks)
Long
Answer
(6 Marks)
Total
1. Unit 1 1 (1) 3 (1) - 4 (2)
2. Unit 2 1 (2) 3 (2) 4 (1) 6(1) 18 (6)
3. Unit 3 1 (1) 3 (1) 4 (2) 6 (1) 18 (5)
4. Unit 4 1 (1) 3 (1) 6 (1) 10 (3)
5. Unit 6 - 3 (3) 6 (1) 15 (4)
6. Unit 7 1 (2) - 6 (1) 8 (3)
7. Unit 8 1 (2) 4 (1) 6 (1) 12 (4)
8. Unit 9 - 4 (2) - 8 (2)
9 Unit 10 1 (1) 3 (2) - 7 (3)
Sub-Total 10 (10) 30 (10) 24 (6) 36 (6) 100 (32)
Notes: Figures within brackets indicate the number of questions and figures outside the brackets indicate the Marks for each question. 3
Sample Question Paper – I
Economics
Class – XII
Time – 3 Hours. Maximum Marks – 100
Instructions
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are required to be answered in one sentence each.
4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them should not normally exceed 60 words each.
5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to them should not normally exceed 70 words each. 6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them should not normally exceed 100 words each.

7. Answer should be brief and to the point and the above word limit be adhered to as far as possible.
Section A
1. State two features of resources that give rise to an economic problem. (1) 2. What happens to total expenditure on a commodity when its price falls and its demand is price elastic?
(1)
3. What happens to equilibrium price of a commodity if there is an ‘increase’ in its demand and ‘decrease’ in its supply? (1)
4. Give the meaning of equilibrium price. (1)
5. What is meant by cost in economics? (1)
6. State any three factors that cause an ‘increase’ in demand of a commodity.
(3)
7. What will be the price elasticity of supply at a point on a positively sloped, straight line supply curve?
(3)
8. Explain the shape of a production possibility frontier.
OR
Explain the meaning of the market economy and the centrally planned economy.
(3)
9. How does the nature of a commodity influence its price elasticity of demand?
(3)4...
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