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ISC Class XII Board Specimen 2023 : Economics

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ISC 12th
Indian School Certificate Examination (ISC), New Delhi
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ECONOMICS ---------------------------------------------------------------------------------------------------Maximum Marks: 80 Time Allowed: Three hours (Candidates are allowed additional 15 minutes for only reading the paper. They must NOT start writing during this time). --------------------------------------------------------------------------------------------------------------------- Answer all questions in Section A, Section B and Section C. Section A consists of objective/ very short answer questions. Section B consists of short answer questions. Section C consists of long answer questions. The intended marks for questions or parts of questions are given in brackets [ ]. --------------------------------------------------------------------------------------------------------------------- SECTION A 16 MARKS Question 1 (i) (ii) Indifference curve is convex to the origin due to: (a) Axiom of transitivity. (b) Law of DMU. (c) Law of DMRS. (d) Axiom of non-satiety. When supply of a commodity increases by 24% following the rise in price by 8%, supply curve will be: (a) positively sloped with positive intercept. (b) positively sloped with negative intercept. (c) horizontal. (d) parallel to price axis. [1] [1] -------------------------------------------------------------------------------------------------------------------ISC SPECIMEN QUESTION PAPER 2023 1

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