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ISC Board Class 12 Economics Sample Paper 2024-25: If you are also a CISCE Board student and looking for the latest sample paper on Economics, then don’t worry as we got you covered. Keep reading this article to learn about the sample paper for class 12 Economics. With the help of the sample paper, students can also know about the important questions that might be asked in the exam. There are some of the instructions that should be given to the candidate before attempting the sample paper. See the instructions below:-
General Instructions For The Candidates
- You are allowed an additional fifteen minutes for only reading the question paper.
- You must NOT start writing during reading time.
- This question paper has 9 printed pages.
- It is divided into three sections and has 13 questions in all.
- All questions are compulsory. Answer all questions.
- Section A has sixteen subparts which are very short answer questions. Each question carries 1 mark.
- While attempting Multiple Choice Questions in Section A, you are required to write only ONE option as the answer.
- Section B has eight questions which are short answer questions. Each question carries 4 marks.
- Section C has four questions which are long answer questions. Each question carries 8 marks.
- Internal choices have been provided in two questions in Section B and one question in Section C.
- The intended marks for questions are given in brackets [ ].
ISC Board Class 12 Economics Sample Paper 2024-25
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Points K and T will NOT be attained by the consumer. Select the reason from the options given below. (Understanding) (a) K does not lie on any IC and the entire money is not spent at T. (b) K is beyond the financial capacity of the consumer and T provides a lower level of satisfaction. (c) Equilibrium should be unique and that is point E. (d) K gives more of both the goods A and B and T gives less B. |
| (ii) Utility-maximising consumers would like to decrease their consumption when (Understanding) (a) MUx = Px (b) MUx > Px (c) MUx < Px (d) MUx = Py |
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Concerning the diagram shown above, select the reason for the movement from point M to N from the following options. (Analysis) a)Increase in the real income of the consumer and rise in the relative price of the commodity. b) Increase in the real income of the consumer and fall in the relative price of the commodity. c)Decrease in the real income of the consumer and rise in the relative price of the commodity. d) Decrease in the real income of the consumer and fall in the relative price of the commodity. |
| (iv) |
Naseer is planning to buy a car for his family. Observe the image shown below and select the MOST rational reaction of Naseer. (Application) Price of petrol | [1] | |
| (a) | Naseer will not change his decision to buy a car. | ||
| (b) | He will postpone his plan to buy a car. | ||
| (c) | Naseer will become indecisive. | ||
| (d) | He will decide to purchase two cars instead of one. | ||
| (v) | Which one of the following statements is CORRECT about the government budget? (Application) | [1] | |
| (a) | Interest paid on the government’s borrowing reduces the liability of the government. | ||
| (b) | Financial aid received from the World Bank for cyclone-affected areas is revenue receipt. | ||
| (c) | Grants given by the central government to the state government are capital expenditures. | ||
| (d) | The profits of BHEL, a PSU, increase the assets of the government. | ||
| (vi) | If the value of US Dollar increases continuously in terms of Yen, it will result in (Understanding) | [1] | |
| (a) | more import from USA by Japan. | ||
| (b) | more import from Japan by USA. | ||
| (c) | more export of USA to Japan. | ||
| (d) | less export of Japan to the USA. | ||
| (vii) Sometimes, a firm considers the actions and reactions of its rival firms while determining its price and output levels. Which market form does such a firm belong to? (Recall) [1] (a) Perfect Competition (b) Monopoly (c) Monopolistic competition (d) Oligopoly |
| (viii) Given below are two statements marked as Assertion and Reason. Read the statements carefully and choose the correct option. (Analysis) Assertion: A firm can sell more quantity of a commodity by reducing its price. Reason: As it sells additional units of the commodity at a lower price, the firm’s marginal revenue will be less than its average revenue. (a) Both Assertion and Reason are true and Reason is the correct explanation of Assertion. (b) Both Assertion and Reason are true but Reason is not the correct explanation of Assertion. (c) Assertion is true and Reason is false. (d) Both Assertion and Reason are false. |
| (ix) Given below are two statements marked as Assertion and Reason. Read the statements carefully and choose the correct option. (Analysis) Assertion: GST is a kind of Proportional tax. Reason: The tax rate remains the same irrespective of the level of income of the people. (a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion. (b) Both Assertion and Reason are true, but Reason is not the correct explanation of Assertion. (c) Assertion is true and Reason is false. (d) Both Assertion and Reason are false. |
| (x)Oligopoly differs from monopolistic competition based on several sellers. State any other difference between these two market forms. (Recall) |
| (xi) APC can be greater than one, but MPC is always less than one. Give a reason to justify this phenomenon. |
This is the one section of the sample paper and if the students need the full sample paper, then they can download the free PDF from the link below.
CHECK: ISC Board Class 12 Economics Sample Paper 2024-25
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