{"id":22507,"date":"2018-11-29T16:58:24","date_gmt":"2018-11-29T11:28:24","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=22507"},"modified":"2018-12-17T12:39:32","modified_gmt":"2018-12-17T07:09:32","slug":"cbse-question-paper-2009-class-12-economics","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-class-12-economics\/","title":{"rendered":"CBSE Question Paper 2009 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-2009-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-2009-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-2009-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-2009-class-12-economics\/#CBSE_Question_Paper_2009_class_12_Economics\" >CBSE Question Paper 2009 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-2009-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-2009-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-7\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-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-8\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-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-9\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-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-10\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-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-2009-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-12\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-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-13\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-class-12-economics\/#OR-6\" >OR<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-class-12-economics\/#Last_Year_Question_Paper_Class_12_Economics_2009\" >Last Year Question Paper Class 12 Economics 2009<\/a><\/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-2009-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 2009 class 12 Economics\u00a0<\/strong>conducted by Central Board of Secondary Education, New Delhi in the month of March 2009. 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 2009 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 2009 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_2009_class_12_Economics\"><\/span>CBSE Question Paper 2009 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.<\/li>\n<li>Question No. 1-5 and 17-21 are very short answer questions carrying 1 mark for each part. They are required to be answered in o sentence each.<\/li>\n<li>Question Nos. 6-10 and 22-26 are short answer questions carrying 3 marks each. Answer to them should not normally exceed 60 words each.<\/li>\n<li>Question Nos. 11-13 and 27-29 are also short answer questions carrying 4 marks each. Answer to them should not normally exceed 70 words each.<\/li>\n<li>Question Nos. 14-16 and 30-32 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 limits 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>1. Give two examples of Microeconomic studies.<\/p>\n<p>2. When is the demand of a commodity said to be inelastic?<\/p>\n<p>3. Define fixed cost.<\/p>\n<p>4. What cause a downward movement along a supply curve?<\/p>\n<p>5. Define monopoly.<\/p>\n<p>6. Why does an economic problem arise? Explain.<\/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>Explain the problem of \u2018What to produce\u2019.<\/p>\n<p>7. Distinguish between a normal good and an inferior good. Give example in each case.<\/p>\n<p>8. How is the price elasticity of demand of a commodity affected by the number of its substitutes? Explain.<\/p>\n<p>9. Explain the meaning of \u2018increase in supply\u2019 and \u2018increase in quantity supplied\u2019 with the help of a schedule.<\/p>\n<p>10. Why is a firm under perfect Competition a price-taker? Explain.<\/p>\n<p>11. Complete the following table:<\/p>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"width: 156px;\">Output (Units)<\/td>\n<td style=\"width: 156px;\">Average Variable<\/td>\n<td style=\"width: 156px;\">Total Cost (Rs.)<\/td>\n<td style=\"width: 156px;\">Marginal Cost<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">1<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">60<\/td>\n<td style=\"width: 156px;\">20<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">2<\/td>\n<td style=\"width: 156px;\">18<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">3<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">18<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">4<\/td>\n<td style=\"width: 156px;\">20<\/td>\n<td style=\"width: 156px;\">120<\/td>\n<td style=\"width: 156px;\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">5<\/td>\n<td style=\"width: 156px;\">22<\/td>\n<td style=\"width: 156px;\">&#8230;&#8230;<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"width: 156px;\">Output (Units)<\/td>\n<td style=\"width: 156px;\">Price (Rs.)<\/td>\n<td style=\"width: 156px;\">Total Revenue<\/td>\n<td style=\"width: 156px;\">Marginal Revenue<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">4<\/td>\n<td style=\"width: 156px;\">9<\/td>\n<td style=\"width: 156px;\">36<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">5<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">4<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">6<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">42<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">7<\/td>\n<td style=\"width: 156px;\">6<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 156px;\">8<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<td style=\"width: 156px;\">40<\/td>\n<td style=\"width: 156px;\">\u2026\u2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>12. Commodities X and Y have equal price elasticity of supply. The supply of X rises from 400 units to 500 units due to a 20 percent rise in its price. Calculate the percentage fall in supply of Y if its price falls by 8 percent.<\/p>\n<p>13. From the following schedule find out the level of output at which the producer is in equilibrium. Give reasons for your answer.<\/p>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">Output (Units)<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">Price (Rs.)<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">Total Cost (Rs.)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">1<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">24<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">26<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">2<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">24<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">50<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">3<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">24<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">72<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">4<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">24<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">92<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">5<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">24<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">115<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">6<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">24<\/p>\n<\/td>\n<td style=\"height: 19px; width: 155px;\">\n<p style=\"text-align: center;\">139<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">7<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">24<\/p>\n<\/td>\n<td style=\"height: 18px; width: 155px;\">\n<p style=\"text-align: center;\">165<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>14. Explain the cause of a rightward shift in demand curve of a commodity of an individual consumer.<\/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>Explain the condition of consumer\u2019s equilibrium in case of (i) single commodity and (ii) two commodities. Use utility approach.<\/p>\n<p>15. Giving reasons. State whether the following statement are true or false:<\/p>\n<p>(i) When there are diminishing returns to a factor, total product always decreases.<\/p>\n<p>(ii) Total product will increase only when marginal product increases.<\/p>\n<p>(iii) when marginal revenue is zero, average revenue will be constant.<\/p>\n<p>16. With the help of a diagram explain the effect of \u201cdecrease\u201d in demand of a commodity on its equilibrium price and quantity.<\/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>17. Why is repayment of loan a capital expenditure?<\/p>\n<p>18. What is meant by excess demand in Macroeconomics?<\/p>\n<p>19. What can be minimum value of investment multiplier?<\/p>\n<p>20. Define bank rate.<\/p>\n<p>21. Define involuntary unemployment.<\/p>\n<p>22. Complete the following table:<\/p>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"height: 63px; width: 137px;\">\n<p style=\"text-align: center;\">Income<\/p>\n<\/td>\n<td style=\"height: 63px; width: 137px;\">\n<p style=\"text-align: center;\">Saving<\/p>\n<\/td>\n<td style=\"height: 63px; width: 137px;\">\n<p style=\"text-align: center;\">Marginal propensity to Consume<\/p>\n<\/td>\n<td style=\"height: 63px; width: 137px;\">\n<p style=\"text-align: center;\">Average Propensity to Save<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">0<\/p>\n<\/td>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">-12<\/p>\n<\/td>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">20<\/p>\n<\/td>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">-6<\/p>\n<\/td>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">40<\/p>\n<\/td>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">0<\/p>\n<\/td>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<td style=\"height: 20px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">60<\/p>\n<\/td>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">6<\/p>\n<\/td>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<td style=\"height: 21px; width: 137px;\">\n<p style=\"text-align: center;\">\u2026\u2026.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>23. State any three points of distinction between Central Bank and Commercial Banks.<\/p>\n<p>24. How can a government budget help in reducing inequalities of income? Explain.<\/p>\n<p>25. Explain the circular flow of income.<\/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>Distinguish between intermediate products and final products. Give examples.<\/p>\n<p>26. List the items of the current account of balance of payments account. Also define \u2018balance of trade\u2019.<\/p>\n<p>27. Explain the meaning and two merits of fixed foreign exchange rate.<\/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>Explain two sources each of demand and supply of foreign exchange.<\/p>\n<p>28. State the four functions of money. Explain any one of them.<\/p>\n<p>29. Distinguish between:<\/p>\n<p>(i) Direct tax and indirect tax<\/p>\n<p>(ii) Revenue deficit and fiscal deficit<\/p>\n<p>30. How will you treat the following while estimating domestic factor income of India? Give reasons for your answer.<\/p>\n<p>(i) Remittances from non-resident Indians to their families in India.<\/p>\n<p>(ii) Rent paid by the embassy of Japan in India to a resident Indian.<\/p>\n<p>(iii) Profits earned by branches of foreign bank in India.<\/p>\n<p>31. Given consumption function C = 100 + 0.75 Y (where C = consumption expenditure and Y = national income) and investment expenditure Rs. 1000, calculate:<\/p>\n<p>(i) Equilibrium level of national income.<\/p>\n<p>(ii) Consumption expenditure at equilibrium level of national income.<\/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>What changes will take place to bring an economy in equilibrium if<\/p>\n<p>(i) Planned saving are greater than planned investment and<\/p>\n<p>(ii) Planned saving are less than planned investment.<\/p>\n<p>32. Calculate \u201cgross national product at factor cost\u201d from the following data by<\/p>\n<p>(i) income method, and (ii) expenditure method:<\/p>\n<table class=\"mobile\" border=\"1\" cellspacing=\"0\" cellpadding=\"3\">\n<tbody>\n<tr>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">\n<\/td>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">(Rs. In crores)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 36px; width: 285px;\">\n<p style=\"text-align: center;\">(i) Private final consumption expenditure<\/p>\n<\/td>\n<td style=\"height: 36px; width: 285px;\">\n<p style=\"text-align: center;\">1,000<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">(ii) Net domestic capital formation<\/p>\n<\/td>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">200<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">(iii) Profits<\/p>\n<\/td>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">400<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">(iv) Compensation of employees<\/p>\n<\/td>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">800<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">(v) Rent<\/p>\n<\/td>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">250<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 36px; width: 285px;\">\n<p style=\"text-align: center;\">(vi) Government final consumption expenditure<\/p>\n<\/td>\n<td style=\"height: 36px; width: 285px;\">\n<p style=\"text-align: center;\">500<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">(vii) Consumption of fixed capital<\/p>\n<\/td>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">60<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">(viii) Interest<\/p>\n<\/td>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">150<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 38px; width: 285px;\">\n<p style=\"text-align: center;\">(ix) Net current transfers from rest of the world<\/p>\n<\/td>\n<td style=\"height: 38px; width: 285px;\">\n<p style=\"text-align: center;\">(-) 80<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">(x) Net factor income from abroad<\/p>\n<\/td>\n<td style=\"height: 19px; width: 285px;\">\n<p style=\"text-align: center;\">(-) 10<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">(xi) Net exports<\/p>\n<\/td>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">(-) 20<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">(xii) Net indirect taxes<\/p>\n<\/td>\n<td style=\"height: 18px; width: 285px;\">\n<p style=\"text-align: center;\">80<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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_2009\"><\/span>Last Year Question Paper Class 12 Economics 2009<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 2009 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 2009 class 12 Economics\u00a0conducted by Central Board of Secondary Education, New Delhi in the month of March 2009. 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 2009 class 12 Economics\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/cbse-question-paper-2009-class-12-economics\/\" aria-label=\"More on CBSE Question Paper 2009 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-22507","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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