03-21-2022 - 102920 Economic Test Paper
03-21-2022 - 102920 Economic Test Paper
03-21-2022 - 102920 Economic Test Paper
(v) Personal income tax : : : Goods and service tax (GST) : Indirect tax.
(ii) When percentage change in quantity demanded is less than percentage change in price, the
demand curve is _______.
(a) Flatter (b) Steeper
(c) Rectangular hyperbola (d) Horizontal
(iv) Budget that consists of revenue receipts and revenue expenditure _______.
(a) Capital budget (b) Government budget
(c) Revenue budget (d) Family budget
(v) Purchase of goods and services from one country and selling them to another country is
_______.
(a) Entrepot trade (b) Import trade
(c) Export trade (d) National trade
1
Std. XII : Economics
D
P P
R P1 R D D
I I P
C P C
E E
P2
D x
x
O B O
Qty. demanded Qty. demanded
(3) y (4) y
D
D
P P
P P
R R
I I P
D 1 D
C P1 C
E E
O Q Q1 x x
O Q Q1
Qty. demanded Qty. demanded
3
Std. XII : Economics
(iii) Commercial banks act as intermediaries in the country’s financial system to bring the savers
and investors together. They are profit seeking financial institutions. Due to bank
nationalisation in 1969, there was increase in loan disbursement in urban and rural areas.
Agriculture and retail traders started getting more loans. Those sectors which were not
getting loans before 1969, started getting loans in post nationalisation period. After
nationalisation of bank branch expansion took place. There has diversification in the functions
of banks. Commercial Banks are providing different types of services like safe deposit lockers,
D-mat facility, internet banking, mobile banking etc.
(1) Write any two benefits of Bank nationalisation. (1)
(2) Write various services provided by banks. (1)
(3) Write your opinion about the above passage. (2)
Q.6. Answer the following questions in detail (Any TWO): [16]
(i) Explain the concepts of variation and changes in demand with the help of diagrams.
(ii) Explain the meaning of index number. Explain various steps involved in the construction of
index number.
(iii) Explain various sources of public revenue.