BSEB Class 12 Economics Model Paper 2024 PDF with Important Topics for Last Minute Revision

BSEB Class 12 Economics Model Paper: Download the Bihar Board Class 12 Economics model paper to understand the exam pattern and question types for the BSEB 12th Economics Exam 2024. Also, check chapter-wise important topics for last minute revision.

Jan 31, 2024, 17:36 IST
BSEB Class 12 Economics Model Paper 2024 PDF
BSEB Class 12 Economics Model Paper 2024 PDF

BSEB 12th Economics Model Paper 2024: BSEB Class 12 students of commerce stream can get here the latest model paper of class 12 Economics. This model paper is an essential resource for the last minute revision as it helps you be familiar with the exam structure, number of sections, question types, and marking scheme for the actual exam. This information is useful to reduce anxiety, allowing you to approach the exam with clarity and focus.

Get the direct link to download the latest BSEB Class 12 Economics model paper here and solve it for effective revision before tomorrow’s BSEB Economics exam.

Bihar Board Class 12 Economics Model Paper 2024

  • The model paper is divided into two sections- Section-A and Section-B.
  • In Section-A, there are 100 objective type questions, out of which any 50 questions are to be answered. Each question carries 1 mark.
  • In Section-B, there are 30 Short answer type questions, out of which any 15 questions are to be answered. Each question carries 2 marks.
  • Section-B also contains 8 Long answer type questions, out of which any 4 questions are to be answered. Each question carries 5 marks.

SECTION –A

1.Who is called the father of Economics?

(A) J. B. Say

(B) Malthus

(C) Adam Smith

(D) Joan Robinson

2.Which of the following is studied under Micro Economics?

(A) Individual Unit

(B) Economic Aggregate

(C) National Income

(D) None of these

3.Which of the following is a factor of production?

(A) Land

(B) Labour

(C) Capital

(D) All of these

4.Who said “Economics is the Science of Wealth”?

(A) Marshall

(B) Robbins

(C) Adam Smith

(D) J. K. Mehta

5.According to whom, Economics is a science of human welfare?

(A) A. Marshall

(B) Paul Samuelson

(C) J. S. Mill

(D) Adam Smith

Check all questions by downloading the complete paper from the following link:

Bihar Board Class 12 Economics Model Paper 2024 PDF

Bihar Board Class 12 Economics Important Topics to Revise in Last Minute

Here are a few suggestions for important topics which students must revise once before the BSEB Class 12 Economics Exam 2024:

Part A: Introductory Microeconomics

Chapter

Impportant Topics

Consumer Behaviour and Demand

  • Understand the concepts of utility maximization, demand curve, price elasticity of demand, and factors affecting demand.
  • Pay attention to one and two commodity cases in consumer equilibrium.

Producer Behaviour and Supply

  • Master the production function, cost concepts (total, average, marginal), producer's equilibrium, and price elasticity of supply.

Forms of Market and Price Determination

  • Focus on perfect competition, its features, and how equilibrium price is determined with shifts in demand and supply.
  • Understand other market forms like monopoly, monopolistic competition, and oligopoly.

Part B: Introductory Macroeconomics

National Income and Related Aggregates

Grasp the concepts of GDP, GNP, NDP, NNP, disposable income, and understand how national income is measured.

Determination of Income and Employment

  • Learn about aggregate demand, aggregate supply, their components, and the two-sector model for income and employment determination.
  • Understand the investment multiplier and its impact.

 Money and Banking

  • Go through the meaning, evolution, and functions of money.
  • Know the causes, effects, and control measures for inflation.
  • Understand the roles of the central bank and commercial banks, alongside recent reforms in the Indian banking system.

Government Budget and the Economy

  • Comprehend the government budget, its components, objectives, and types of receipts and expenditures.
  • Be familiar with balanced, surplus, and deficit budgets and their implications.
  • Understand revenue deficit, fiscal deficit, and primary deficit with control measures.
Gurmeet Kaur
Gurmeet Kaur

Assistant Manager

Gurmeet Kaur is an Education Industry Professional with 10 years of experience in teaching and creating digital content. She is a Science graduate and has a PG diploma in Computer Applications. At jagranjosh.com, she creates content on Science and Mathematics for school students. She creates explainer and analytical articles aimed at providing academic guidance to students. She can be reached at gurmeet.kaur@jagrannewmedia.com

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