Karnataka PUC Economics Model Question Paper-1 PDF

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

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]  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 ***********  SECOND PUC BLUE PRINT 2024-25 SUBJECT: ECONOMICS MODEL QUESTION PAPER - 2 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 LEQ EQ PQ VSQ SQ LEQ EQ PQ VSQ SQ LEQ EQ PQ VSQ SQ LEQ EQ PQ L INTRODUCTORY MICRO ECONOMICS 1.Introduction to Microeconomics 06 07 1 1 1 07 2.Theory of Consumer Behavior 20 20 1+1 1 1 1 1 1 20 3.Production and cost 10 10 1 1 10 1 1 4.The theory of the firm Under perfect competition 11 11 1 1 1 1 11 5.Market equilibrium 10 10 1 1 10 1+1 INTRODUCTORY MACRO ECONOMICS 1.Introduction to Macroeconomics 05 05 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 12 1+1 1 4.Determination of Income 08 08 08 1 1 1 1 and Employment 5.Government Budget and The Economy 09 09 1+1 1 09 6.Open Economy Macroeconomics 12 12 1+1 1 1 12 No. of Questions 14 01 05 01 - 06 09 02 01 - - - 02 02 - - - - 01 03 GRAND TOTAL 120 121 14 02 20 06 - 06 18 08 06 - - - 08 12 - - - - 06 15 121 Question type Number of questions Marks VSQ - 1 MARKS 20 20 20 20 Objectives Percentage Marks SQ - 2 MARKS 10 6 20 12 REMEMBER 35 42 LAQ - 4 MARKS 9 5 36 20 UNDERSTANDING 31 38 EQ - 6 MARKS 5 3 30 18 APPLY 17 20 PQ- 5 MARKS 3 2 15 10 ANALYSE / EVALUVATE / CREATE 17 21 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]  GOVERNMENT OF KARNATAKA KARNATAKA SCHOOL EXAMINATION AND ASSESSMENT BOARD Class: II PUC MODEL QUESTION PAPER-2 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. Which of the following is an example of Micro Economic Study? (a) National income (b) Consumer behaviour (c) Unemployment (d) Foreign trade 2. The shape of the indifference curve is normally (a) Convex to the origin (b) Concave to the Origin (c) Horizontal (d) Vertical 3. In 1936 British economist J M Keynes published his celebrated book (a) Wealth of Nations (b) General Theory of Employment, Interest and Money (c) Theory of Interest (d) Theory of Employment 4. By deducting Undistributed Profit from National Income, we get (a) Personal Disposable Income (b) Personal Income (c) Private Income (d) Subsidies 5. The main function of money is (a) Saving (b) Expenditure (c) Medium of Exchange (d) Investment II. Fill in the blanks by choosing correct answer from the bracket. (5x1=5) (Each question Carries 1 mark.) (autonomous, utility, income tax, value addition, an invisible hand, unit tax)  6. Wants satisfying capacity of commodity is _____________ 7. __________is a tax that the Government imposes per unit sale of output. 8. It is assumed that, in a perfectly competitive market _________is at play. 9. The net contribution made by a firm is called its ______________ 10. Ī is a positive constant which represents the ________ investment in the economy. III. Match the following (Each question Carries 1 mark) (5x1=5) 11. A B a) Indifference Map i) ∆TC/∆Q b) SMC ii) Wage c) Labour iii) A Family of Indifference curves d) M3 and M4 iv) Trade in goods e) Balance of Trade v) Broad money vi) TR-TC IV. Answer the following questions in a sentence or a word (5x1=5) (Each question carries 1 mark) 12. What is Total Fixed Cost? 13. To which side does a supply curve shift due to the technological progress? 14. Through which legislation, the government ensures that the wage rate of the labourers does not fall below a particular level? 15. Mention two fiscal variables which influence aggregate demand. 16. Give the meaning of official reserve sale. PART-B V. Answer any Six of the following in 4 sentences each (6x2=12) (Each question carries 2 marks) 17. Distinguish between positive and normative economics. 18. Define price elasticity of demand. 19. What is Isoquant? 20. How wage is determined in the labour market? 21. Distinguish between stock and flow with an example. 22. What do you mean by Externalities? Mention its types. 23. What role of RBI is known as ‘Lender of Last Resort’?  24. Give the meaning of Investment multiplier and write its formula. 25. Write the difference between public provision and public production. 26. Why the proportional income tax acts as automatic stabilizer? PART-C VI. Answer any five of the following questions in 12 sentences each. (5x4=20) (Each question carries 4 marks) 27. Briefly explain the production possibility frontier with the help of a diagram. 28. List out the differences between Total Utility and Marginal Utility. 29. Write about Shut down point, Normal profit and Break- Even Point. 30. Explain the role of the Government and household sector in both developed and developing nations. 31. Explain the circular flow of income of an economy. 32. ‘Money acts as a convenient unit of account’. Justify this statement with example. 33. Give the meaning of Aggregate demand function. How can it be obtained graphically? 34. Write about legal definitions of money. 35. Represent the impact of an increase in demand for imports in the foreign exchange market with the help of a diagram. PART-D VII. Answer any three of the following questions in 20 sentences each. (3x6=18) (Each question carries 6 marks) 36. Illustrate the movement along the demand curve and shift in demand curve with the help of two diagrams. 37. A firm’s SMC schedule is shown in the following table. TFC is Rs.100. Find TVC, TC, AVC and SAC schedules of the firm. Q 0 1 2 3 4 5 6 SMC - 400 200 100 200 400 700 38. Suppose the demand and supply curve of wheat are given by QD = 250-P and QS=150+P a. Find the equilibrium price. b. Find the equilibrium quantity of demand and supply. c. Find the quantity of demand and supply when P is greater than equilibrium price. d. Find the quantity of demand and supply when P is lesser than equilibrium price.  39. Explain the Macro Economic Identities. 40. Briefly explain the foreign exchange market with fixed exchange rate with the help of a diagram. PART-E VIII. Answer any two of the following project and assignment oriented questions. (Each question carries 5 marks) (2x5=10) 41. A consumer wants to consume two goods. The Price of Good A is Rs.20 and price of Good B is Rs.40. The consumer income is Rs.200. a) How much Good A can he consume if he spends his entire income on that good? b) How much Good B can he consume if he spends his entire income on that good? c) Is the slope of budget line downward or upward? d) Are the bundles on the budget line equal to the consumer’s income or not? e) If you want to have more of Good A you have to give up Good B. Is it true? 42. Compute the Total Revenue, Marginal Revenue and Average Revenue schedules from the following table when market price of each unit of good is Rs.50. Quantity sold (q) TR MR AR 0 1 2 3 4 5 43. Prepare a surplus budget on monthly income and expenditure of your family. PART- F FOR VISUALLY CHALLENGED STUDENTS ONLY 42. Explain the meaning of TR, MR and AR. ***********  SECOND PUC BLUE PRINT 2024-25 SUBJECT: ECONOMICS MODEL QUESTION PAPER - 3 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 20 3.Production and cost 10 10 1 1 1 10 4.The theory of the firm Under perfect competition 11 11 1 1 1 1 11 5.Market equilibrium 10 10 1 10 1+1 1 1+1 INTRODUCTORY MACRO ECONOMICS 1.Introduction to Macroeconomics 05 05 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 12 1 1 4.Determination of Income 08 08 08 1 1 1 1 and Employment 5.Government Budget and The Economy 09 10 1 1 1 1 10 6.Open Economy Macroeconomics 12 12 1 1 1 1 12 No. of Questions 11 04 03 01 - 09 04 03 02 01 - 02 01 01 02 - - 02 01 - GRAND TOTAL 120 121 11 08 12 06 - 09 08 12 12 05 - 04 04 06 10 - - 08 06 - 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 30 37 LAQ - 4 MARKS 9 5 36 20 UNDERSTANDING 38 46 EQ - 6 MARKS 5 3 30 18 APPLY 20 24 PQ- 5 MARKS 3 2 15 10 ANALYSE / EVALUVATE / CREATE 12 14 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]  GOVERNMENT OF KARNATAKA KARNATAKA SCHOOL EXAMINATION AND ASSESSMENT BOARD Class: II PUC MODEL QUESTION PAPER-3 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. The scarce resources of an economy have (a) Competing usages (b) Unlimited usages (c) Single Usages (d) Limited usages 2. In perfect competition buyers and sellers are (a) Price makers (b) Price takers (c) Price analysts (d) Price givers 3. The year of Great Depression (a) 1920 (b) 1889 (c) 1929 (d) 2019 4. NNP= GNP – (a) Deduction (b) Depreciation (c) Investment (d) Income 5. Which of the following is an example for ‘paper tax’? (a) Income tax (b) Excise taxes (c) Wealth tax (d) Customs taxes II. Fill in the blanks by choosing correct answer from the bracket. (5x1=5) (Each question Carries 1 mark.) (Market economies, Final, Govt. of India, MPC, Mixed economies, Families) 6. In reality all economies are ___________ 7. In labour market __________ are the suppliers of labour. 8. __________ goods will not pass through any more stages of production. 9. ________ issues coins in India 10. Size of the multiplier depends on the value of ____________ III. Match the following (Each question Carries 1 mark) (5x1=5) 11 A B a) TFC+TVC ii) Operation of invisible hand b) π = iii) Flexible exchange rate c) Raw material iv) TC d) Adam smith v) Fixed exchange rate e) Floating exchange rate vi) TR-TC vii) Intermediate good IV. Answer the following questions in a sentence or a word (5x1=5) (Each question carries 1 mark) 12. Expand MRS. 13. What is price ceiling? 14. Write the equation of GVA at market prices. 15. What do you mean by barter system? 16. Define primary deficit. PART-B V. Answer any Six of the following in 4 sentences each (6x2=12) (Each question carries 2 marks) 17. State the law of demand. 18. Mention two different approaches which explain consumer behavior. 19. Give the meaning of shut down point. 20. Write the meaning of opportunity cost with an example. 21. Define equilibrium price and quantity. 22. What are the four factors of production? Mention their rewards. 23. Write the difference between nominal and real GDP. 24. Give the meaning of Paradox of thrift. 25. Why public goods must be provided by the Government? 26. When do surplus and deficit arises in capital account?  PART-C VI. Answer any five of the following question in 12 sentences each. (5x4=20) (Each question carries 4 marks) 27. Briefly explain the central problems of an economy. 28. Explain the indifference map with the diagram. 29. Explain the long run costs. 30. Write a table to show the impact of simultaneous shifts on equilibrium. 31. List out the differences between Micro-economics and Macro-economics. 32. Write about externalities. 33. Explain the transactionary motive and speculative motive of demand for money. 34. Briefly explain the consumption function. 35. Draw the chart of components of current account. PART-D VII. Answer any three of the following question in 20 sentences each. (3x6=18) (Each question carries 6 marks) 36. Present the law of diminishing marginal utility with the help of a table and diagram. 37. Explain the Total Revenue and Average Revenue of a firm under perfect competition with the help of diagrams. 38. Illustrate with a numerical example to show that all the three methods of estimating GDP gives us the same answer. 39. Write the story of Gold smith Lala on the process of deposit and loan (credit) creation by commercial banks. 40. Explain the changes in taxes with the help of a diagram. PART-E VIII. Answer any two of the following project and assignment oriented questions. (Each question carries 5 marks) (2x5=10) 41. A Consumer wants to consume two goods. The price of good x1 is Rs. 10 and the price of good x2 is Rs 20. The consumer income is Rs 80. a) How much good x1 can she consumes if she spends her entire income on that good? b) How much good x2 can she consumes if she spends her entire income on that good?  c) Is the slope of Budget line downward or upward? d) Are the bundles on the budget line equal to the consumer’s income or not? e) If you want to have more of good x1, you have to give up good x2. Is it true? 42. Find the missing products of the following table. Factor L TPL MPL APL 0 0 0 0 1 10 - 10 2 22 - - 3 - 14 12 4 - 08 11 5 50 06 10 43. Name the currencies of any five countries of the following: USA, UK, Germany, Japan, China, Argentina, UAE, Bangladesh, Russia, Brazil PART- F FOR VISUALLY CHALLENGED STUDENTS ONLY 35. Write the components of current account. 42. Write the meaning of TP, MP and AP. ***********