HP Board Class 12 Economics Model Paper 2024-2025: Download FREE PDF

Special Instructions:- (1) While answering your questions, you must indicate on your answer-book the same question no. as appear in your question paper. (2) Attempt all parts of a question at one place.

Part A (MCQ) Choose Correct option from the following- 

iii The slope of Demand curve for normal goods is - 

(A) Downward (B) Upward (C) both A and B (D) None of the above

iv) If the other things remain unchanged and Price of good rises, the demand will 

(A) Increase (B)Decrease (C) extension (D) contraction

v) . If price of mobile phones rises and it leads to decrease in demand for sim cards, these are (A) Complementary goods (B)Substitution goods (C)Inferior goods (D)All of the above

vi. How many types of Total Cost are there, in Short Run? 

(A) 01 (B) 02 (C) 03 (D) 05

vii. TR is calculated as :- 

(A)TR = AR / Q (B) TR = AR × Q (C) TR = AR - Q (D) TR = AR + Q

Viii . In perfect competition the price of good is determined by - 

(A) Market Demand (B) Market Supply (C) Both (A &B) (D) None of the above

ix. Any Economy which has economic relationship with other country is known as :- 

(A) Open Economy (B) Mixed Economy (C) closed Economy (D) Self-reliant Economy

x. Shrdha’s mother is a teacher, she also teaches Shrdha at home, how would you treat this while calculating national income and domestic income? 

(A) It will be included in the national income, but not in the domestic income. 

(B) It will be included in domestic income, but not in the national income. 

(C) It will be included in domestic income as well as national income. 

(D) It will neither be included in domestic income nor in the national income.

xi. Which one is the following is the Central Bank of India? 

(A) State Bank of India (B) Bank of India (C)Reserve Bank of India (D) Union Bank of India

xii . Full bodied money is that money whose money value is……….. the commodity value . 

(A) not equal to (B) less than (C) more than (D) equal to

xiii. Formula to calculate Marginal propensity to consume(MPC) is- 

A)MPC=∆C/∆Y (B) MPC=C/Y (C) MPC=S/Y (D)MPC=f(Y)

xiv. If the value of export exceeds the value of imports, the balance of trade of country will be- (A) Unfavorable (B) in equilibrium (C) favorable (D) all of the above

Assertion (A) and Reason (R). DIRECTIONS:- for the question 15 to 16, In each of the questions given below, there are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below: 

a) Both A and R are true and R is the correct explanation of A. 

b) Both A and R are true but R is not the correct explanation of A. 

c) A is true but R is false. 

d) A is false but R is true

e) Both are A & R are false.

xv. (A): Money flows are opposite to the Real flows. 

(R): Money flows are in respond to the Real flows 

Xvi. (A): There is an equilibrium in the economy when, AD = AS. 

(R): AD = AS, When the intended production in the economy is equal to the intended purchase

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