DR. KALMADI SHAMARAO JUNIOR COLLEGE, PUNE
PRELIMINARY EXAMINATION II
ECONOMICS
Std : XII (Com/Arts) Date:
Marks: 80 Time: 03 HRS
________________________________________________________________
Instructions:
1) All the questions are compulsory.
2) Figures to the right indicate full marks.
3) Draw neat tables/diagrams wherever necessary.
4) Write answers to all main questions on new page
Q1. A Choose the correct option: (5) [20]
1. Method adopted in micro economic analysis...........................
a. Lumping method
b. Inclusive method
c. Slicing method
d. Aggregative method
2. Point of Satiety means......................
a. TU is rising and MU is falling
b. TU is falling and MU is negative
c. TU is maximum and MU is zero
d. MU is falling and TU is rising
3. The slope of demand curve is ...................in the case of relatively inelastic demand.
a. Flatter
b. Steeper
c. Vertical.
d. horizontal
4. Cost incurred on fixed factor is...........................................
a. Marginal cost
b. Fixed cost
c. Variable cost
d. Average cost
5. Homogeneous product is a feature of....................................
a. Monopoly
b. Monopolistic Competition
c. Perfect Competition
d. Oligopoly
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, B. Complete the correlation: (5)
1. Co-operative Bank: Organized Sector :: Indigenous bankers : ......................
2. Ed=0: ......................................:: Ed=1: Unitary Elastic Demand
3. Supply: ....................................... :: Stock : Static Concept.
4. Single seller : Monopoly :: Few seller: ..............................
5. Single Variable: Univariate index:: Group of variable:..................................
C. Give Economic Term: (5)
1. When estimated revenue and expenditure of the government are equal.
2. The flow of goods and services produced in an economy.
3. A statistical tool to measure the changes in variable.
4. The price at which demand and supply are equal.
5. Cost of production per unit.
D. Assertion and reasoning question: (5)
1. Assertion: Marginal Utility curve slopes upwards.
Reasoning: Marginal utility goes on diminishing with every increase in the consumption
of commodity.
Options:
1. A is True, but R is false.
2. A is False, but R is True.
3. Both A and R are True and R is the correct explanation of A.
4. Both A and R are True and R is not the correct explanation of A.
2. Assertion: Supply is a relative term.
Reasoning: Supply is always expressed in relation to price, time and quantity.
Options:
1. A is True, but R is false.
2. A is False, but R is True.
3. Both A and R are True and R is the correct explanation of A.
4. Both A and R are True and R is not the correct explanation of A.
3. Assertion: Foreign exchange management and control is undertaken by commercial
banks.
Reasoning: RBI has to maintain the official rate of exchange of rupee and ensure its
stability.
Options:
1. A is True, but R is false.
2. A is False, but R is True.
3. Both A and R are True and R is the correct explanation of A.
4. Both A and R are True and R is not the correct explanation of A.
Page 2 of 5
PRELIMINARY EXAMINATION II
ECONOMICS
Std : XII (Com/Arts) Date:
Marks: 80 Time: 03 HRS
________________________________________________________________
Instructions:
1) All the questions are compulsory.
2) Figures to the right indicate full marks.
3) Draw neat tables/diagrams wherever necessary.
4) Write answers to all main questions on new page
Q1. A Choose the correct option: (5) [20]
1. Method adopted in micro economic analysis...........................
a. Lumping method
b. Inclusive method
c. Slicing method
d. Aggregative method
2. Point of Satiety means......................
a. TU is rising and MU is falling
b. TU is falling and MU is negative
c. TU is maximum and MU is zero
d. MU is falling and TU is rising
3. The slope of demand curve is ...................in the case of relatively inelastic demand.
a. Flatter
b. Steeper
c. Vertical.
d. horizontal
4. Cost incurred on fixed factor is...........................................
a. Marginal cost
b. Fixed cost
c. Variable cost
d. Average cost
5. Homogeneous product is a feature of....................................
a. Monopoly
b. Monopolistic Competition
c. Perfect Competition
d. Oligopoly
Page 1 of 5
, B. Complete the correlation: (5)
1. Co-operative Bank: Organized Sector :: Indigenous bankers : ......................
2. Ed=0: ......................................:: Ed=1: Unitary Elastic Demand
3. Supply: ....................................... :: Stock : Static Concept.
4. Single seller : Monopoly :: Few seller: ..............................
5. Single Variable: Univariate index:: Group of variable:..................................
C. Give Economic Term: (5)
1. When estimated revenue and expenditure of the government are equal.
2. The flow of goods and services produced in an economy.
3. A statistical tool to measure the changes in variable.
4. The price at which demand and supply are equal.
5. Cost of production per unit.
D. Assertion and reasoning question: (5)
1. Assertion: Marginal Utility curve slopes upwards.
Reasoning: Marginal utility goes on diminishing with every increase in the consumption
of commodity.
Options:
1. A is True, but R is false.
2. A is False, but R is True.
3. Both A and R are True and R is the correct explanation of A.
4. Both A and R are True and R is not the correct explanation of A.
2. Assertion: Supply is a relative term.
Reasoning: Supply is always expressed in relation to price, time and quantity.
Options:
1. A is True, but R is false.
2. A is False, but R is True.
3. Both A and R are True and R is the correct explanation of A.
4. Both A and R are True and R is not the correct explanation of A.
3. Assertion: Foreign exchange management and control is undertaken by commercial
banks.
Reasoning: RBI has to maintain the official rate of exchange of rupee and ensure its
stability.
Options:
1. A is True, but R is false.
2. A is False, but R is True.
3. Both A and R are True and R is the correct explanation of A.
4. Both A and R are True and R is not the correct explanation of A.
Page 2 of 5
