UP Board Class 12 Economics Question Paper 2025 (Code 329 JF) Available- Download Here with Solution PDF

Which one of the following is true? When the marginal utility becomes negative:

• (A) the total utility becomes negative.
• (B) the total utility decreases.
• (C) the total utility becomes zero.
• (D) the total utility will increase but at a slower rate.

Which one of the following is true? The total variable cost is equal to:

• (A) The average variable cost × quantity
• (B) The average variable cost / quantity
• (C) The marginal variable cost × quantity
• (D) The marginal variable cost / quantity

In a mixed economy, decisions related to production and consumption are taken by:

• (A) The Central government only.
• (B) The State governments only.
• (C) The Central and State governments, both.
• (D) The Public Sector and Private Sector.

The statement 'Other things being constant, an increase in money supply will increase the price level.' is related to:

• (A) Normative economics
• (B) Positive economics
• (C) Micro economics
• (D) All of the above

Which one of the following is true? In a perfectly competitive market, the:

• (A) Average Revenue (AR) = Marginal Revenue (MR)
• (B) Average Revenue (AR) > Marginal Revenue (MR)
• (C) Average Revenue (AR) < Marginal Revenue (MR)
• (D) Average Revenue (AR) = Total Revenue (TR)

Which one of the following is true? Net investment is equal to:

• (A) Gross Investment - Cost
• (B) Gross Investment - Depreciation
• (C) Gross Investment - Marginal Investment
• (D) Gross investment - Net Profit

Which one of the following is false? At the time of Independence (1947), one Indian rupee was equal to:

• (A) 4 Four Annas
• (B) 2 Eight Annas
• (C) 64 Paise
• (D) 100 Paise

Which one of the following expresses ‘National Income Identity’ for a closed economy?

• (A) Y = C + I + G
• (B) Y = C + I + G + X
• (C) Y = C + I + G + (X - M)
• (D) Y = C + I + G + NX

Which one of the following is not a component of capital account in balance of payments?

• (A) Foreign debt
• (B) Foreign investment
• (C) Foreign remittances
• (D) Foreign aid

If the National Income (Y) of a country increases by Rs. 100 crores and the National Consumption (C) increases by Rs. 80 crores, then the Marginal Propensity to Save will be equal to:

• (A) 0.2
• (B) 0.8
• (C) 2.0
• (D) 8.0

‘Higher indifference curve represents higher level of satisfaction.’ Explain.

Differentiate between Normal goods and Inferior goods.

What are different means of production and the rewards given to them?

Describe three factors that affect the supply curve of a firm.

What is the relation between G.D.P. at market price and G.V.A.?

What is called the point of 'effective demand'?

Differentiate between 'Revenue Expenditure' and 'Capital Expenditure' of government budget.

What are the different factors that affect the supply of foreign exchange?

Explain the law of diminishing marginal rate of substitution in indifference curves, with the help of diagram.

Explain the Average Revenue (AR), Marginal Revenue (MR) and Total Revenue (TR).

Describe four demerits of barter system.

What is autonomous investment and what is its role in the economy?

Write short note on 'Goods and Services Tax' in India.

Describe the different components of the current account in the balance of payments.

Explain the 'Law of Equi-Marginal Utility' in the analysis of consumer’s equilibrium.

What do you understand by Demand? Describe the determinants of Demand.

Explain the 'Laws of Return to Scale' with diagram.

Describe different concepts of National Income in India.

Describe the characteristics of 'Perfectly Competitive Market'. Explain the determination of price in such market.

Discuss the effect of upward shifting of Demand and Supply curve on equilibrium price and quantity.