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ISC Class XII Board Exam 2019 : Economics

4 pages, 41 questions, 0 questions with responses, 0 total responses,    0    0
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 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): (i) What is meant by product differentiation in monopolistic competition? (ii) Explain an indifference map, with the help of a diagram. (iii) Give two examples of each of the following: (iv) (a) Revenue receipts of the government. (b) Revenue expenditure of the government. [10 2] With the help of a diagram, state the behaviour of MP when: (a) TP of the variable factor reaches maximum. (b) TP of the variable factor falls. (v) What is meant by High Powered Money? (vi) Distinguish between depreciation and devaluation. (vii) Explain any two precautions to be taken while calculating national income by income method. (viii) Differentiate between accounting cost and opportunity cost. (ix) With the help of diagrams, show when the elasticity of supply is: (a) greater than one. (b) equal to one. (x) What is meant by investment multiplier? -------------------------------------------------------------------------------------------------------------------------This paper consists of 4 printed pages. 1219-856 Turn over Copyright reserved.

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