{"id":22460,"date":"2018-11-29T12:22:40","date_gmt":"2018-11-29T06:52:40","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=22460"},"modified":"2018-12-17T12:43:46","modified_gmt":"2018-12-17T07:13:46","slug":"cbse-question-paper-2017-class-12-economics","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/","title":{"rendered":"CBSE Question Paper 2017 class 12 Economics"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#Class_12_Economics_list_of_chapters\" >Class 12 Economics list of chapters<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#Part-1_Macro\" >Part-1 (Macro)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#Part-2_Micro\" >Part-2 (Micro)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#CBSE_Question_Paper_2017_class_12_Economics\" >CBSE Question Paper 2017 class 12 Economics<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#General_Instructions\" >General Instructions:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR\" >OR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR-2\" >OR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR-3\" >OR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR-4\" >OR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#Section_%E2%80%93_B\" >Section \u2013 B<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR-5\" >OR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR-6\" >OR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR-7\" >OR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#OR-8\" >OR<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#Last_Year_Question_Paper_Class_12_Economics_2017\" >Last Year Question Paper Class 12 Economics 2017<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/#Previous_Year_Question_Paper_for_class_12_in_PDF\" >Previous Year Question Paper for class 12 in PDF<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong>CBSE Question Paper 2017 class 12 Economics\u00a0<\/strong>conducted by Central Board of Secondary Education, New Delhi in the month of March 2017. CBSE previous year question papers with solution are available in myCBSEguide mobile app and cbse guide website. The Best CBSE App for students and teachers is myCBSEguide which provides complete study material and practice papers to cbse schools in India and abroad.<\/p>\n<p style=\"text-align: center;\"><strong>CBSE Question Paper 2017 class 12 Economics<\/strong><\/p>\n<p style=\"text-align: center;\"><strong><a class=\"button\" href=\"https:\/\/mycbseguide.com\/downloads\/cbse-class-12-economics\/1327\/cbse-last-year-papers\/3\/\">Download as PDF<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/media-mycbseguide.s3.ap-south-1.amazonaws.com\/images\/blog\/12%20Economics%20Book%20pic.jpg\" alt=\"CBSE Question Paper 2017 class 12 Economics\" width=\"131\" height=\"172\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Class_12_Economics_list_of_chapters\"><\/span>Class 12 Economics list of chapters<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Part-1_Macro\"><\/span><strong>Part-1 (Macro)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Introduction<\/li>\n<li>National income accounting<\/li>\n<li>Money and Banking<\/li>\n<li>Income Determination<\/li>\n<li>The Government Budget and Economy<\/li>\n<li>Open Economy Macroeconomics<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Part-2_Micro\"><\/span><strong>Part-2 (Micro)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Introduction<\/li>\n<li>Theory of consumer behaviour<\/li>\n<li>Production and Costs<\/li>\n<li>Theory of the Firm Under Perfect Competition<\/li>\n<li>Market Equilibrium<\/li>\n<li>Non Competitive Markets<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Question_Paper_2017_class_12_Economics\"><\/span>CBSE Question Paper 2017 class 12 Economics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"General_Instructions\"><\/span><strong>General Instructions:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>All questions in both the sections are compulsory.<\/li>\n<li>Marks for questions are indicated against each question.<\/li>\n<li>Question No. 1 -5 and 16 -20 are very short answer questions carrying 1 mark each. They are required to be answered in one sentence.<\/li>\n<li>Question No. 6 -8 and 21 -23 are short answer questions carrying 3 marks each. Answers to them should not normally exceed 60 words each.<\/li>\n<li>Question No. 9 -11 and 24 -26 are also short answer questions carrying 4 marks each. Answers to them should not normally exceed 70 words each.<\/li>\n<li>Question No. 12 -15 and 27 -30 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 words each.<\/li>\n<li>Answers should be brief and to the point and the above word limit be adhered to as far as possible.<\/li>\n<\/ul>\n<hr \/>\n<p><strong>1.<\/strong> <strong>The demand of a commodity when measured through the<br \/>\nexpenditure approach is inelastic. A fall in its price will result in:<br \/>\n(choose the correct alternative)<br \/>\n(a) no change in expenditure on it.<br \/>\n(b) increase in expenditure on it.<br \/>\n(c) decrease in expenditure on it.<br \/>\n(d) any one of the above.<\/strong><\/p>\n<p><strong>2.<\/strong> <strong>As we move along a downward sloping straight-line demand curve<br \/>\nfrom left to right, price elasticity of demand: (choose the correct<br \/>\nalternative)<br \/>\n(a) remains unchanged<br \/>\n(b) goes on falling<br \/>\n(c) goes on rising<br \/>\n(d) falls initially then rises<\/strong><\/p>\n<p><strong>3.<\/strong> <strong>Define market demand.<\/strong><\/p>\n<p><strong>4.<\/strong> <strong>Average revenue and price are always equal under: (choose the<br \/>\ncorrect alternative)<br \/>\n(a) perfect competition only<br \/>\n(b) monopolistic competition only<br \/>\n(c) monopoly only<br \/>\n(d) all market forms<\/strong><\/p>\n<p><strong>5.<\/strong> <strong>State any one feature of oligopoly<\/strong><\/p>\n<p><strong>6.<\/strong> <strong>Distinguish between microeconomics and macroeconomics.<\/strong><\/p>\n<p><strong>7.<\/strong> <strong>State the meaning and properties of production possibilities<br \/>\nfrontier.<\/strong><\/p>\n<p><strong>8.<\/strong> <strong>Show that demand of a commodity is inversely related to its price.<br \/>\nExplain with the help of utility analysis.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Why is an indifference curve negatively sloped? Explain.<\/strong><\/p>\n<p><strong>9.<\/strong> <strong>Explain the conditions of consumer\u2019s equilibrium under<br \/>\nindifference curve approach.<\/strong><\/p>\n<p><strong>10.<\/strong> <strong>State different phases of the law of variable proportions on the basis of total product. Use diagram.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR-2\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Explain the geometric method of measuring price elasticity of<br \/>\nsupply. Use diagram.<\/strong><\/p>\n<p><strong>For blind candidates, in lieu of Q. No. 10.<\/strong><br \/>\n<strong>State different phases of the law of variable proportions with the<br \/>\nhelp of a schedule.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR-3\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Explain the distinction between \u2018change in supply\u2019 and \u2018change in<br \/>\nquantity supplied.\u2019<\/strong><\/p>\n<p><strong>11.<\/strong> <strong>Explain the \u2018free entry and exit of firms\u2019 feature of monopolistic<br \/>\ncompetition.<\/strong><\/p>\n<p><strong>12.<\/strong> <strong>When price of a commodity X falls by 10 per cent, its demand rises<br \/>\nfrom 150 units to 180 units. Calculate its price elasticity of<br \/>\ndemand. How much should be the percentage fall in its price so<br \/>\nthat its demand rises from 150 to 210 units?<\/strong><\/p>\n<p><strong>13.Complete the following table:<\/strong><\/p>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"width: 53.25pt;\">Output<br \/>\nunits<\/td>\n<td style=\"width: 62.25pt;\">Total<br \/>\ncost<br \/>\nRs.<\/td>\n<td style=\"width: 108.0pt;\">Average variable<br \/>\ncost<br \/>\nRs.<\/td>\n<td style=\"width: 72.0pt;\">Marginal<br \/>\ncost<br \/>\nRs.<\/td>\n<td style=\"width: 104.25pt;\">Average fixed<br \/>\ncost<br \/>\nRs.<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 53.25pt;\">0<\/td>\n<td style=\"width: 62.25pt;\">30<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 53.25pt;\">1<\/td>\n<td style=\"width: 62.25pt;\">&#8212;<\/td>\n<td style=\"width: 108.0pt;\">&#8212;<\/td>\n<td style=\"width: 72.0pt;\">20<\/td>\n<td style=\"width: 104.25pt;\">&#8212;<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 53.25pt;\">2<\/td>\n<td style=\"width: 62.25pt;\">68<\/td>\n<td style=\"width: 108.0pt;\">&#8212;<\/td>\n<td style=\"width: 72.0pt;\">&#8212;<\/td>\n<td style=\"width: 104.25pt;\">&#8212;<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 53.25pt;\">3<\/td>\n<td style=\"width: 62.25pt;\">84<\/td>\n<td style=\"width: 108.0pt;\">18<\/td>\n<td style=\"width: 72.0pt;\">&#8212;<\/td>\n<td style=\"width: 104.25pt;\">&#8212;<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 53.25pt;\">4<\/td>\n<td style=\"width: 62.25pt;\">&#8212;<\/td>\n<td style=\"width: 108.0pt;\">&#8212;<\/td>\n<td style=\"width: 72.0pt;\">18<\/td>\n<td style=\"width: 104.25pt;\">&#8212;<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 53.25pt;\">5<\/td>\n<td style=\"width: 62.25pt;\">125<\/td>\n<td style=\"width: 108.0pt;\">19<\/td>\n<td style=\"width: 72.0pt;\">&#8212;<\/td>\n<td style=\"width: 104.25pt;\">6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>14.<\/strong> <strong>Good Y is a substitute of good X. The price of Y falls. Explain the<br \/>\nchain of effects of this change in the market of X.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR-4\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Explain the chain of effects of excess supply of a good on its<br \/>\nequilibrium price.<\/strong><\/p>\n<p><strong>15. Given below is the cost schedule of a product produced by a firm. The market price per unit of the product at all levels of output is Rs. 12. Using marginal cost and marginal revenue approach, find out the level of equilibrium output. Give reasons for your answer:<\/strong><\/p>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"width: 126.0pt;\">Output (Units)<\/td>\n<td style=\"width: 42.0pt;\">1<\/td>\n<td style=\"width: 42.0pt;\">2<\/td>\n<td style=\"width: 42.0pt;\">3<\/td>\n<td style=\"width: 42.0pt;\">4<\/td>\n<td style=\"width: 42.0pt;\">5<\/td>\n<td style=\"width: 42.0pt;\">6<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 126.0pt;\">Average Cost (Rs.)<\/td>\n<td style=\"width: 42.0pt;\">12<\/td>\n<td style=\"width: 42.0pt;\">11<\/td>\n<td style=\"width: 42.0pt;\">10<\/td>\n<td style=\"width: 42.0pt;\">10<\/td>\n<td style=\"width: 42.0pt;\">10.4<\/td>\n<td style=\"width: 42.0pt;\">11<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Section_%E2%80%93_B\"><\/span><strong>Section \u2013 B<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>\u00a016.<\/strong> <strong>The ratio of total deposits that a commercial bank has to keep with<br \/>\nReserve Bank of India is called : (choose the correct alternative)<br \/>\n(a) Statutory liquidity ratio<br \/>\n(b) Deposit ratio<br \/>\n(c) Cash reserve ratio<br \/>\n(d) Legal reserve ratio<\/strong><\/p>\n<p><strong>17.<\/strong> <strong>Aggregate demand can be increased by : (choose the correct<br \/>\nalternative)<br \/>\n(a) increasing bank rate<br \/>\n(b) selling government securities by Reserve Bank of India<br \/>\n(c) increasing cash reserve ratio<br \/>\n(d) none of the above<\/strong><\/p>\n<p><strong>18.<\/strong> <strong>Give the meaning of involuntary unemployment.<\/strong><\/p>\n<p><strong>20.<\/strong> <strong>Give the meaning of balance of payments.<\/strong><\/p>\n<p><strong>21.<\/strong> <strong>Distinguish between final goods and intermediate goods. Give an<br \/>\nexample of each.<\/strong><\/p>\n<p><strong>22.<\/strong> <strong>Explain the store of value function of money.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR-5\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>State the meaning and components of money supply.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR-6\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is the stock of money in the economy at a particular point of time. Components of money Supply = Currency with public + demand deposits with banks.<\/p>\n<p><strong>23. Explain the basis of classifying taxes into direct and indirect tax. Give examples.<\/strong><\/p>\n<p><strong>24.<\/strong> <strong>Explain \u2018banker to the government\u2019 function of the central<br \/>\nbank.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR-7\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Explain the role of reverse repo rate in controlling money<br \/>\nsupply.<\/strong><\/p>\n<p><strong>25.<\/strong> <strong>Explain how government budget can be used to influence distribution of income?<\/strong><\/p>\n<p><strong>26.<\/strong> <strong>An economy is in equilibrium. From the following data about an<br \/>\neconomy calculate autonomous consumption.<br \/>\n(i) Income = 5000<br \/>\n(ii) Marginal propensity to save = 0.2<br \/>\n(iii) Investment expenditure = 800<\/strong><\/p>\n<p><strong>27. Why does the demand for foreign currency fall and supply rises when its price rises ? Explain.<\/strong><\/p>\n<p><strong>28.<\/strong> <strong>Explain \u2018non-monetary exchanges\u2019 as a limitation of using gross<br \/>\ndomestic product as an index of welfare of a country.<\/strong><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"OR-8\"><\/span><strong>OR<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>How will you treat the following while estimating domestic<br \/>\nproduct of a country ? Give reasons for your answer:<br \/>\n(a) Profits earned by branches of country\u2019s bank in other countries<br \/>\n(b) Gifts given by an employer to his employees on independence day<br \/>\n(c) Purchase of goods by foreign tourists<\/strong><\/p>\n<p><strong>29. <\/strong><strong>Calculate (a) net domestic product at factor cost and (b) gross national disposable income:<\/strong><\/p>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"width: 78.75pt;\"><strong>Rs. in crores<\/strong><\/td>\n<td colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(i) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Private final consumption expenditure <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>8000<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(ii) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Government final consumption expenditure <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>1000<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(iii) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Exports <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>70<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(iv) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Imports <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>120<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(v) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Consumption of fixed capital <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>60<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(vi) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Gross domestic fixed capital formation <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>500<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(vii) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Change in stock <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>100<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(viii) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Factor income to abroad <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>40<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(ix) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Factor income from abroad <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>90<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(x) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Indirect taxes <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>700<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(xi) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Subsidies <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>50<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 38.25pt;\"><strong>(xii) <\/strong><\/td>\n<td style=\"width: 267.0pt;\"><strong>Net current transfers to abroad <\/strong><\/td>\n<td style=\"width: 78.75pt;\"><strong>(\u2013) 30<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>30.<\/strong> <strong>Assuming that increase in investment is Rs. 1000 crore and marginal propensity to consume is 0.9, explain the working of multiplier.<\/strong><\/p>\n<\/div>\n<div>\n<p style=\"text-align: center;\"><strong>These are questions only. To view and download complete question paper with solution install myCBSEguide App from google play store or login to our\u00a0<a href=\"https:\/\/mycbseguide.com\/dashboard\/\">student dashboard<\/a>.<\/strong><\/p>\n<p style=\"text-align: center;\"><b><strong><a class=\"button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\">Download myCBSEguide App<\/a><\/strong><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Last_Year_Question_Paper_Class_12_Economics_2017\"><\/span>Last Year Question Paper Class 12 Economics 2017<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Download class 12 Economics question paper with solution from best CBSE App the myCBSEguide. CBSE class 12 Economics question paper 2017 in PDF format with solution will help you to understand the latest question paper pattern and marking scheme of the CBSE board examination. You will get to know the difficulty level of the question paper.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Previous_Year_Question_Paper_for_class_12_in_PDF\"><\/span>Previous Year Question Paper for class 12 in PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CBSE question papers 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 209, 2008, 2007, 2006, 2005 and so on for all the subjects are available under this download link. Practicing real question paper certainly helps students to get confidence and improve performance in weak areas.<\/p>\n<ul>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physics\/1251\/cbse-last-year-papers\/3\/\">Physics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-chemistry\/1267\/cbse-last-year-papers\/3\/\">Chemistry<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-mathematics\/1284\/cbse-last-year-papers\/3\/\">Mathematics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-biology\/1298\/cbse-last-year-papers\/3\/\">Biology<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-accountancy\/1315\/cbse-last-year-papers\/3\/\">Accountancy<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-business-studies\/1727\/cbse-last-year-papers\/3\/\">Business Studies<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-economics\/1327\/cbse-last-year-papers\/3\/\">Economics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-history\/1869\/cbse-last-year-papers\/3\/\">History<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-geography\/1863\/cbse-last-year-papers\/3\/\">Geography<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-political-science\/1879\/cbse-last-year-papers\/3\/\">Political Science<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physical-education\/1877\/cbse-last-year-papers\/3\/\">Physical Education<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-computer-science\/1851\/cbse-last-year-papers\/3\/\">Computer Science<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-informatics-practices\/1873\/cbse-last-year-papers\/3\/\">Informatics Practices<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-english-core\/1855\/cbse-last-year-papers\/3\/\">English Core<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-hindi-core\/1865\/cbse-last-year-papers\/3\/\">Hindi Core<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-hindi-elective\/1867\/cbse-last-year-papers\/3\/\">Hindi Elective<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12\/1250\/\">Other Subjects<\/a><\/li>\n<\/ul>\n<p>To download CBSE Question Paper class 12 Accountancy, Chemistry, Physics, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT solutions, NCERT Exemplar solutions, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Sample Paper all are made available through\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\"><strong>the best app for CBSE students<\/strong><\/a>\u00a0and myCBSEguide website.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CBSE Question Paper 2017 class 12 Economics\u00a0conducted by Central Board of Secondary Education, New Delhi in the month of March 2017. CBSE previous year question papers with solution are available in myCBSEguide mobile app and cbse guide website. The Best CBSE App for students and teachers is myCBSEguide which provides complete study material and practice &#8230; <a title=\"CBSE Question Paper 2017 class 12 Economics\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2017-class-12-economics\/\" aria-label=\"More on CBSE Question Paper 2017 class 12 Economics\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1346,1014,1437],"tags":[1527,1342,323,80,1566,1569],"class_list":["post-22460","post","type-post","status-publish","format-standard","hentry","category-cbse","category-cbse-question-papers","category-economics-cbse-class-12","tag-cbse-question-paper","tag-class-12","tag-economics","tag-last-year-papers","tag-previous-question-paper","tag-ten-year-questions-paper"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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