{"id":22473,"date":"2018-11-29T14:43:50","date_gmt":"2018-11-29T09:13:50","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=22473"},"modified":"2018-12-17T12:42:09","modified_gmt":"2018-12-17T07:12:09","slug":"cbse-question-paper-2015-class-12-economics","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-class-12-economics\/","title":{"rendered":"CBSE Question Paper 2015 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-2015-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-2015-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-2015-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-2015-class-12-economics\/#CBSE_Question_Paper_2015_class_12_Economics\" >CBSE Question Paper 2015 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-2015-class-12-economics\/#Childrens_Day_Quiz_on_14th_November_2018_How_to_Participate_Update_the_App_Tap_Test_Series_on_home_screen_Attempt_the_Quiz_online\" >Children's Day Quiz\non 14th November 2018 \nHow to Participate \nUpdate the App\nTap Test Series  on home screen\nAttempt the Quiz online<\/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-2015-class-12-economics\/#Update_myCBSEguide_App_Update_to_latest_version_and_enjoy_the_new_look_feel_of_your_favourite_study_app\" >Update myCBSEguide App\nUpdate to latest version and enjoy the new look & feel of your favourite study app.<\/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-2015-class-12-economics\/#Section_%E2%80%93_A\" >Section \u2013 A<\/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-2015-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-9\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-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-10\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-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-11\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-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-12\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-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-13\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-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-14\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-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-15\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-class-12-economics\/#OR-7\" >OR<\/a><\/li><\/ul><\/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-2015-class-12-economics\/#Last_Year_Question_Paper_Class_12_Economics_2015\" >Last Year Question Paper Class 12 Economics 2015<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-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 2015 class 12 Economics\u00a0<\/strong>conducted by Central Board of Secondary Education, New Delhi in the month of March 2015. 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 2015 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 2015 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_2015_class_12_Economics\"><\/span>CBSE Question Paper 2015 class 12 Economics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div><!--\n<center>\n\n\n<h3 style=\"background-color: #FDFDDC\"; ><span class=\"ez-toc-section\" id=\"Childrens_Day_Quiz_on_14th_November_2018_How_to_Participate_Update_the_App_Tap_Test_Series_on_home_screen_Attempt_the_Quiz_online\"><\/span><font color=\"red\">Children's Day Quiz<\/font>\non 14th November 2018 <\/br>\n<font color=\"red\">How to Participate <\/font><\/br>\n<font color=\"green\">Update the App<\/font><\/br>\nTap <strong>Test Series <\/strong> on home screen<\/br>\n<font color=\"blue\">Attempt the Quiz online<\/font><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<\/center>\n\n--><!--\n<center>\n\n\n<h3 style=\"background-color: #FDFDDC\"; ><span class=\"ez-toc-section\" id=\"Update_myCBSEguide_App_Update_to_latest_version_and_enjoy_the_new_look_feel_of_your_favourite_study_app\"><\/span><font color=\"red\">Update myCBSEguide App<\/font>\n<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide\">Update<\/a> to latest version and enjoy the new look & feel of your favourite study app.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<\/center>\n\n--><\/p>\n<div>\n<p><strong>General Instructions:<\/strong><\/p>\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>Questions No.1-3 and 15-19 are very short-answer questions carrying 1 mark each.<\/li>\n<li>They are required to be answered in one sentence each.<\/li>\n<li>Questions No. 4-8 and 20-22 are short-answer questions carrying 3 marks each.<\/li>\n<li>Answers to them should normally not exceed 60 words each.<\/li>\n<li>Questions No. 9-10 and 23-25 are also short-answer questions carrying 4 marks<\/li>\n<li>each. Answers to them should normally not exceed 70 words each.<\/li>\n<li>Questions No. 11-14 and 26-29 are long-answer questions carrying 6 marks each.<\/li>\n<li>Answers to them should normally not exceed 100 words each.<\/li>\n<li>Answers should be brief and to the point and the above word limits should be adhered to as far as possible.<\/li>\n<\/ul>\n<hr \/>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Section_%E2%80%93_A\"><\/span><strong>Section \u2013 A<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. The demand curve of a goods shifts from DD&#8217; to dd&#8217;.<\/strong><\/p>\n<p><img decoding=\"async\" id=\"Picture 1\" style=\"height: 94px; width: 136px;\" src=\"http:\/\/media-mycbseguide.s3.amazonaws.com\/images\/cbse\/12\/eco\/lyp\/2015\/set1\/image001.png\" \/><\/p>\n<p><strong>This shift can be caused by: (Choose the correct alternative)<\/strong><\/p>\n<p>(a) fall in the price of the goods.<\/p>\n<p>(b) rise in the price of the goods.<\/p>\n<p>(c) rise in the price of substitute goods.<\/p>\n<p>(d) rise in the price of complementary goods.<\/p>\n<hr \/>\n<p><strong>2. When 5 units of a goods are sold, total revenue is Rs.100. When 6 units are sold, marginal revenue is Rs.8. At what price are 6 units sold? (Choose the correct alternative)<\/strong><\/p>\n<p>(a) Rs 28 per unit<\/p>\n<p>(b) Rs 20 per unit<\/p>\n<p>(c) Rs 18 per unit<\/p>\n<p>(d) Rs 12 per unit<\/p>\n<hr \/>\n<p><strong>3. Suggest any one economic measure by which the government can promote consumption of \u2018Khadi\u2019.<\/strong><\/p>\n<p><strong>4. Do rich countries also face central problems? Give reasons for your answer.<\/strong><\/p>\n<p><strong>5. Explain the effects of floods in Jammu and Kashmir on its production possibilities frontier.<\/strong><\/p>\n<p><strong>6. Why does the government of India fix \u2018support price\u2019 for some crops? Explain.<\/strong><\/p>\n<p><strong>7. Why is a firm under perfect competition a \u2018price-taker\u2019 and not a \u2018price-maker\u2019 ? Explain.<\/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>Explain \u2018non-price competition\u2019 feature of oligopoly.<\/strong><\/p>\n<p><strong>8 (a) True, because Average Product = and since TP is constant and variable input increases, AP will fall.<\/strong><\/p>\n<p><strong>(b) False, rise in AC takes place when MC is greater than AC and not necessarily when MC rises.<\/strong><\/p>\n<p><strong>8. State whether the following statements are true or false. Give reasons for your answer.<\/strong><\/p>\n<p>(a) When total product is constant average product will fall.<\/p>\n<p>(b) Average cost will rise only when marginal cost rises.<\/p>\n<p><strong>9. Show that price and demand of a commodity are inversely related ? Use utility analysis.<\/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 any two factors that affect price elasticity of demand.<\/strong><\/p>\n<p><strong>10. Define \u2018market demand\u2019 for a goods. State the factors that affect it.<\/strong><\/p>\n<p><strong>11. Explain the conditions of producer\u2019s equilibrium.<\/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>What is the relationship between:<\/strong><\/p>\n<p><strong>(a) Marginal revenue and Average revenue<\/strong><\/p>\n<p><strong>(b) Total revenue and Marginal revenue<\/strong><\/p>\n<p><strong>12. \u00a0Explain the law of variable proportions with the help of marginal product and total product curves.<\/strong><\/p>\n<p><strong>13. Define consumer\u2019s equilibrium. Explain its conditions under indifference curve analysis.<\/strong><\/p>\n<p><strong>14. The market for commodity A is in equilibrium. The price of its inputs rises. Explain its chain of effects on equilibrium price, quantity demanded and supplied with the help of a diagram.<\/strong><\/p>\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>15. Which one of the following is a combination of direct taxes? (Choose the correct alternative)<\/strong><\/p>\n<p>(a) Excise duty and Wealth tax<\/p>\n<p>(b) Service tax and Income tax<\/p>\n<p>(c) Excise duty and Service tax<\/p>\n<p>(d) Wealth tax and Income tax<\/p>\n<p><strong>16. State the components of money supply.<\/strong><\/p>\n<p><strong>17. Which of the following statements is true?<\/strong><\/p>\n<p>(a) Fiscal deficit is the difference between total expenditure and total receipts.<\/p>\n<p>(b) Primary deficit is the difference between total receipt and interest payments.<\/p>\n<p>(c) Fiscal deficit is the sum of primary deficit and interest payment.<\/p>\n<p><strong>18. Which of the following is not a flow? (Choose the correct alternative)<\/strong><\/p>\n<p>(a) Capital<\/p>\n<p>(b) Income<\/p>\n<p>(c) Investment<\/p>\n<p>(d) Depreciation<\/p>\n<p><strong>19. Which of the following is not a function of money? (Choose the correct alternative)<\/strong><\/p>\n<p>(a) medium of exchange<\/p>\n<p>(b) price stability<\/p>\n<p>(c) store of value<\/p>\n<p>(d) unit of account<\/p>\n<p><strong>20. What is the relationship between:<\/strong><\/p>\n<p>(i) Average propensity to consume and average propensity to save.<\/p>\n<p>(ii) Marginal propensity to consume and investment multiplier.<\/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>Give the meaning of:<\/p>\n<p>(i) involuntary unemployment, and<\/p>\n<p>(ii) inflationary gap<\/p>\n<p>(b) The higher the MPC the greater is the value of multiplier.<\/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>(a) Involuntary unemployment exists when willing and able bodied people do not get employment at prevailing wage rate.<\/p>\n<p>(b) The excess of aggregate demand over aggregate supply at full employment is called inflationary gap.<\/p>\n<p><strong>21. Describe any three sources of demand for foreign exchange.<\/strong><\/p>\n<p><strong>22. S = \u2013 100 + 0.2 Y is the saving function in an economy. Investment expenditure is<\/strong><\/p>\n<p><strong>5,000. Calculate the equilibrium level of income.<\/strong><\/p>\n<p><strong>23. From the following data, calculate net value added at factor cost.<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"height: 12.55pt; width: 24.1pt;\"><strong>\u00a0<\/strong><\/td>\n<td style=\"height: 12.55pt; width: 162.65pt;\"><strong>\u00a0<\/strong><\/td>\n<td style=\"height: 12.55pt; width: 93.4pt;\">\n<p style=\"text-align: center;\"><strong>(Rs in crores)<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 13.25pt; width: 24.1pt;\">(i)<\/td>\n<td style=\"height: 13.25pt; width: 162.65pt;\">Sales<\/td>\n<td style=\"height: 13.25pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">300<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 12.55pt; width: 24.1pt;\">(ii)<\/td>\n<td style=\"height: 12.55pt; width: 162.65pt;\">Opening stock<\/td>\n<td style=\"height: 12.55pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">40<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 13.25pt; width: 24.1pt;\">(iii)<\/td>\n<td style=\"height: 13.25pt; width: 162.65pt;\">Depreciation<\/td>\n<td style=\"height: 13.25pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">30<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 12.55pt; width: 24.1pt;\">(iv)<\/td>\n<td style=\"height: 12.55pt; width: 162.65pt;\">Intermediate consumption<\/td>\n<td style=\"height: 12.55pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">120<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 13.25pt; width: 24.1pt;\">(v)<\/td>\n<td style=\"height: 13.25pt; width: 162.65pt;\">Exports<\/td>\n<td style=\"height: 13.25pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">50<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 12.55pt; width: 24.1pt;\">(vi)<\/td>\n<td style=\"height: 12.55pt; width: 162.65pt;\">Change in stock<\/td>\n<td style=\"height: 12.55pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">20<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 12.55pt; width: 24.1pt;\">(vii)<\/td>\n<td style=\"height: 12.55pt; width: 162.65pt;\">Net indirect taxes<\/td>\n<td style=\"height: 12.55pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">15<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 12.55pt; width: 24.1pt;\">(viii)<\/td>\n<td style=\"height: 12.55pt; width: 162.65pt;\">Factor income to abroad<\/td>\n<td style=\"height: 12.55pt; width: 93.4pt;\">\n<p style=\"text-align: center;\">10<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>24. Distinguish between intermediate goods and final goods. Give an example of each.<\/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><strong>Explain the circular flow of income.<\/strong><\/p>\n<p><strong>25. Distinguish between autonomous and accommodating transactions of balance of payments account. Explain the significance of this distinction.<\/strong><\/p>\n<p><strong>26. Explain the need for reduction in inequalities of income and wealth. Explain any two budgetary measures by which it can be done.58\/1\/1 11 [P.T.O.<\/strong><\/p>\n<p><strong>27. Describe any two main functions of a central bank.<\/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>How do changes in Bank Rate affect the money supply in an economy? Explain.<\/strong><\/p>\n<p><strong>28. Explain the changes that take place when aggregate demand and aggregate supply are not equal.<\/strong><\/p>\n<p><strong>29. Calculate (a) national income and (b) gross national disposable income.<\/strong><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"width: 40.25pt;\"><strong>\u00a0<\/strong><\/td>\n<td style=\"width: 225.0pt;\"><strong>\u00a0<\/strong><\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\"><strong>(Rs in crores)<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(i)<\/td>\n<td style=\"width: 225.0pt;\">Private final consumption expenditure<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">500<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(ii)<\/td>\n<td style=\"width: 225.0pt;\">Net domestic fixed capital formation<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">100<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(viii)<\/td>\n<td style=\"width: 225.0pt;\">Net factor income from abroad<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">30<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(iv)<\/td>\n<td style=\"width: 225.0pt;\">Change in stock<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">20<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(v)<\/td>\n<td style=\"width: 225.0pt;\">Net exports<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">40<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(vi)<\/td>\n<td style=\"width: 225.0pt;\">Net indirect taxes<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">50<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(vii)<\/td>\n<td style=\"width: 225.0pt;\">Mixed income<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">300<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(viii)<\/td>\n<td style=\"width: 225.0pt;\">Government final consumption expenditure<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">200<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 40.25pt;\">(ix)<\/td>\n<td style=\"width: 225.0pt;\">Net current transfers to abroad<\/td>\n<td style=\"width: 94.5pt;\">\n<p style=\"text-align: center;\">(-) 10<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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_2015\"><\/span>Last Year Question Paper Class 12 Economics 2015<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 2015 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","protected":false},"excerpt":{"rendered":"<p>CBSE Question Paper 2015 class 12 Economics\u00a0conducted by Central Board of Secondary Education, New Delhi in the month of March 2015. 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 2015 class 12 Economics\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2015-class-12-economics\/\" aria-label=\"More on CBSE Question Paper 2015 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-22473","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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