Class 12 ISC term2 Economics Specimen 2022
BOARD -
CLASS -
SUBJECT -
ISC
12th
ECONOMICS
Paper Pattern for Written Term-II
TIME -
MARKS -
1 Hour 30 Minutes
40
Visit CISCE OFFICIAL PAGE for Regulations and Syllabus of Class 12th ISC
Solved Specimen Paper Semester-2 2022
Q1
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-
Firm A sells flour to firm B for ₹ 100/- Firm B sells biscuits to the wholesaler C
for ₹ 160/- and Firm C sells biscuits to consumers for ₹ 200/. Hence, the gross
value added is:
- ₹460/-
- ₹305/-
- ₹244/-
- ₹200/-
-
Medium of exchange and measure of value are:
- Primary functions of money
- Secondary functions of money
- Tertiary functions of money
- Contingent functions of money
-
Aggregate supply is equal to
- C + I
- C + S
- I + C
- S1 + S2
-
Transfer earning in National income refers to:
- transfer of income from one person to another.
- income received by selling goods.
- unilateral payment received not related to any production.
- earning received by offering services.
- A consumer spending on purchase of goods regardless of the income in possession, is an example of __________ consumption
- _________ is the creation of new currency to fill the gap between Government revenue and Government expenditure of the country.
- GNP(fc) = GNP(mp) -_____________
- Give one difference between a Direct tax and an Indirect tax
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Q2
Differentiate between CRR and SLR.
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Q3
Briefly explain two reasons for the adverse Balance of Payments in any economy.
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Q4
Draw a well labelled diagram of two sector model of circular flow of income including
the financial sector.
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Q5
Complete the following schedule –
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| Y | C | APC | MPC |
|---|---|---|---|
| 100 | 90 | ? | ? |
| 120 | 108 | ? | ? |
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Q6
(i) Differentiate between Cash Credit and Outright Loans.
OR
(ii) How is Devaluation of currency different from Depreciation of currency? Give any two differences
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OR
(ii) How is Devaluation of currency different from Depreciation of currency? Give any two differences
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Q7
What is meant by the following functions of the Central bank:
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- Clearing house
- Lender of the last resort
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Q8
(i) What is meant by Equilibrium income? How is it determined by using Saving
and Investment approach?
OR
(ii) Discuss the mechanism of investment multiplier with the help of a numerical.
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OR
(ii) Discuss the mechanism of investment multiplier with the help of a numerical.
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Q9
How is the rate of exchange determined in a flexible exchange rate system?
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Q10
Explain the steps involved in calculating the National income by Income method.
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Q11
Explain the following methods of redemption of Public Debt:
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- Debt conversion
- Sinking fund
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Q12
Read the given extract carefully and answer the following questions.
Mr. X wanted to buy an expensive motorcycle for his son but he did not have sufficient money to buy it. He approached a public sector commercial bank for the loan. The bank asked Mr. X to deposit 20% cash of the loan amount and rest 80% of the loan amount was given by the bank.
solutions
Mr. X wanted to buy an expensive motorcycle for his son but he did not have sufficient money to buy it. He approached a public sector commercial bank for the loan. The bank asked Mr. X to deposit 20% cash of the loan amount and rest 80% of the loan amount was given by the bank.
- Briefly explain a Commercial Bank.
- What is the regulation of consumer credit in selective credit control?
- Name the bank which controls all the commercial banks and financial institutions in the country.
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