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# ISC Class XII Board Specimen 2022 : Economics [Semester 2]

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 ISC 12th Indian School Certificate Examination (ISC), New Delhi
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ISC SEMESTER 2 EXAMINATION SPECIMEN QUESTION PAPER ECONOMICS ---------------------------------------------------------------------------------------------------Maximum Marks: 40 Time allowed: One and a half hour Candidates are allowed an additional 10 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. The intended marks for questions or parts of questions are given in brackets. [ ] --------------------------------------------------------------------------------------------------------------------- SECTION A 8 MARKS Question 1 (i) (ii) Firm A sells flour to firm B for ` 100/- Firm B sells biscuits to the wholesaler C for ` 160/- and Firm C sells biscuits to consumers for ` 200/. Hence, the gross value added is: (a) ` 460/- (b) ` 305/- (c) ` 244/- (d) ` 200/- Medium of exchange and measure of value are: (a) Primary functions of money (b) Secondary functions of money (c) Tertiary functions of money (d) Contingent functions of money 1 [1] [1]

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