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CBSE Class 12 Economics Marking Scheme (Delhi): 2017

CBSE Marking Scheme for Class 12 Economics is available here. With this article, students can download CBSE Class 12 Economics 2017 Marking Scheme (Delhi region). This paper was held on 17 April 2017. This Marking Scheme is very helpful for the students preparing for CBSE board exam 2018

Sep 26, 2017 12:47 IST
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CBSE Class 12 Economics Marking Scheme (Delhi): 2017
CBSE Class 12 Economics Marking Scheme (Delhi): 2017

CBSE Class 12 Economics 2017 Marking Scheme (Delhi region) is available here.  This Marking Scheme was used for the evaluation of CBSE Class 12 Economics 2017 board exam question paper (Delhi). CBSE Class 12 Economics 2017 board exam was held on 17 April.

This Marking Scheme is also provided with very short answers (value points or key points). During the evaluation of CBSE Class 12 Economics 201 board exam answer booklets, the answers with all key points (as given in marking scheme) were awarded maximum marks.

The Marking Scheme also contains key answers (or values point) with mark wise break up. This gives better visualisation about the division of marks inside a question. With this Marking Scheme, one can easily understand the requirement of a perfect answer.

Students can download CBSE Class 12 Economics Marking Scheme (Delhi): 2017 in PDF format from the download link given at the end of this article. CBSE Class 12 Economics 2017 board exam question paper (Delhi) is also available for reference.

CBSE Class 12 Question Papers: 2017

Content of first two pages of the Marking Scheme is given below, rest you will find in the PDF

1. The Marking Scheme carries only suggested value points for the answers. These are only guidelines and do not constitute the complete answers. Students can have their own expression and if the expression is correct, mark should be awarded accordingly.

2. As per orders of the Hon’ble Supreme Court,a candidate would now be permitted to obtain a photocopy of his/her Answer Book on payment of the prescribed fee. Examiners/Head Examiners are, therefore, once again reminded that they must ensure that evaluation is carried out strictly as per value points for each answer as given in the Marking Scheme.

3. Head Examiners/Examiners are hereby instructed that while evaluating the answer books, if the answer is found to be totally incorrect, the (X) should be marked on the incorrect answer and awarded ‘0’ mark.

4. Please examine each part of a question carefully and allocate the marks allotted for the part as given in the ‘Marking Scheme’ below.

TOTAL MARKS FOR ANY ANSWER MAY BE PUT IN A CIRCLE ON THE LEFT SIDE WHERE THE ANSWER ENDS.

5. Expected/suggested answers have been given in the ‘Marking Scheme’. To evaluate the answers, the value points indicated in the marking scheme should be followed.

6. For questions asking the candidate to explain or define, the detailed explanations and definitions have been indicated alongwith the value points.

7. For mere arithmetical errors, there should be minimal deduction. Only ½ mark should be deducted for such an error.

8. Where only two / three or a ‘given’ number of examples / factors / points are expected, only the first two / three or expected number should be read. The rest are irrelevant and must not be examined.

9. There should be no effort at ‘moderation’ of the marks by the evaluating teachers.

The actual total marks obtained by the candidate may be of no concern to the evaluators.

10. Higher order thinking ability questions are for assessing a student’s understanding / analytical ability.

General Note: In case of a numerical question, no marks should be awarded if only the final answer has been given, even if it is correct.

A 1

Expected Answer / Value Points

Distribution of Marks

 

SECTION-A

 

1

(c) Decrease in expenditure on it.

1

2

(b) Goes on falling.

1

3

Sum of the quantities that all consumers of a commodity are willing to buy at a given price during a period of time.

1

4

(d) All market forms.

1

5

(i) There are only a few firms or a few large firms.

(ii) There are barriers to the entry of firms.

(iii) There is interdependence of firms.

(iv) There is non-price competition. (Any one)

1

6

Study of the behaviour of individual economic agents is the subject matter of microeconomics. The study relating to the economy as a whole is the subject matter of macroeconomics. (Any other relevant difference)

3

7

PPF is the locus of different combinations of the two goods that can be produced with fixed resources, assuming full and efficient utilization of these resources.

Properties:

(1) Slopes downward from left to right.

(2) Concave to the origin. (Statements only)

1

 

 

 

2

8

A consumer buys a good upto the point at which

MU=Price

Suppose price falls, then

MU>Price

This induces consumer to buy more of the good. It shows inverse relation between price and demand of a good.

Alternative answer:

Suppose a consumer buys only two goods X and Y and is in equilibrium, then.

(MUx)/Px = (MUy)/Py

Suppose Px falls, then

(MUx)/Px > (MUy)/Py

Since per rupee MUx is more than per rupee MUy the consumer will buy more of X by diverting expenditure from good Y to good X .It shows inverse relation between price and demand for good X.

OR

All points on an IC show the same level of utility from the consumption of the two goods, the consumer consumes. So, if the consumer consumes more of one good, he must reduce the consumption of the other good to keep total level of utility the same. This makes an IC negatively sloped.

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 3

Download CBSE Class 12 Economics Question Paper (Delhi): 2017

Download CBSE Class 12 Economics Marking Scheme (Delhi): 2017

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