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ISC Class XII Board Specimen 2014 : Economics

3 pages, 35 questions, 35 questions with responses, 43 total responses,    0    0
ISC 12th
Indian School Certificate Examination (ISC), New Delhi
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ECO OMICS (Three hours) (Candidates are allowed additional 15 minutes for only reading the paper. They must OT start writing during this time.) ---------------------------------------------------------------------------------------------------------------Answer Question 1 (compulsory) from Part I and five questions from Part II. The intended marks for questions or parts of questions are given in brackets [ ]. ---------------------------------------------------------------------------------------------------------------- PART I (20 Marks) Answer all questions. Question 1 Answer briefly each of the following questions (i) to (x): [10 2] (i) Define private cost and social cost. (ii) What is meant by balance of payment? (iii) Differentiate between exante and expost demand. (iv) Explain the meaning of gross national disposable income. (v) Why is the AR curve parallel to the x axis in a perfectly competitive market? (vi) What is meant by utility? Explain how total utility can be obtained from marginal utility. (vii) Define budget. When can there be a deficit in the budget? (viii) Explain the meaning of price discrimination in monopoly market. (ix) Define cross elasticity of demand. (x) How does Central Bank use moral suasion as a tool to control credit? 1 ISC Specimen Question Paper 2014

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Additional Info : ISC Board Specimen Question Paper 2014 Economics
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