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

Who wrote the famous book "Wealth of Nations"?

• (A) Adam Smith
• (B) Marshall
• (C) Robbins
• (D) Mehta

Which of the following formula is correct for calculating marginal cost?

• (A) \( MC_n = TFC_n - TFC_{n-1} \)
• (B) \( MC_n = AC_n - AC_{n-1} \)
• (C) \( MC_n = AVC_n - AVC_{n-1} \)
• (D) \( MC_n = TC_n - TC_{n-1} \)

Average fixed cost curve

• (A) is a straight line parallel to X-axis.
• (B) is a straight line parallel to Y-axis.
• (C) falls, as more units are produced.
• (D) rises, as more units are produced.

Which of the following is not a function of the Reserve Bank of India?

• (A) Credit creation
• (B) Credit control
• (C) Government's Bank
• (D) Determination of monetary policy

The rate at which commercial banks borrow loans from the Reserve Bank of India to meet their long-term requirements is known as

• (A) Margin requirement
• (B) Bank rate
• (C) Repo rate
• (D) Reverse repo rate

Identify which of the following equations is true:

• (A) MPC + MPS = 0
• (B) MPC + MPS = 1
• (C) (MPC + MPS) \(>\) 1
• (D) (MPC + MPS) \(<\) 1

The non-tax revenue in the following is:

• (A) Export duty
• (B) Import duty
• (C) Dividends
• (D) Excise duty

Identify, which of the following is not a source of demand for foreign exchange for the Indian economy?

• (A) Import of goods and services
• (B) Remittances by foreigners living in India to their families abroad.
• (C) Indian tourists visiting foreign countries
• (D) Loans from Rest Of the World (ROW)

Who determines the exchange rate between the currencies of two countries?

• (A) World Bank
• (B) Demand and Supply of Currencies
• (C) International Monetary Fund (IMF)
• (D) Central Bank

Clarify the meaning of Micro Economics.

Write any three factors affecting the Elasticity of Demand.

What is 'Production Function'?

What is the difference between Stock and Flow?

Write names of three methods of estimating National Income.

State three limitations of Barter system of Exchange.

Define a Central Bank.

If disposable income is Rupees 1,000 crores, consumption level is Rupees 700 crores, then find the Average Propensity to Consume.

How the demand of a commodity is affected by changes in the price of the commodity? Explain with the help of a diagram.

What do you understand by Consumer's equilibrium? Show Consumer's equilibrium with the help of Indifference Curve Analysis.

Write the meaning of Production Cost. Explain Average cost with the help of a diagram.

Explain the concept of Net National Product at Market Price and Net National Product at Factor cost. Clarify the difference between them.

Explain the difference between balanced budget and unbalanced budget. Is a balanced budget an achievement of the government?

What do you understand by Current Account and Capital Account of Balance of Payments?

Explain the Law of Variable Proportions with the help of total product and marginal product curves.

OR

Explain the law of supply with the help of a supply schedule and supply curve.

How is the price and output of a commodity determined under perfect competition? Explain.

OR

Calculate Marginal Propensity to Consume and Average Propensity to Consume from the following data:

Income (Rupees)): 50, 100, 150

Consumption (Rupees): 60, 100, 120

What is excess demand in an economy? Explain any measures to control it.

OR

Write the meaning of Involuntary Unemployment. Mention the factors responsible for Involuntary Unemployment.