UP Board 2020: Model Paper for Class 12th Economics Exam
UP Board - PC : MRP
Model papers are being provided here for a thorough revision. Economics is one of the most important subjects for class 12th students of UP Board. Therefore, students should prepare this for sure. The sample paper is given here along with the tips which are very useful for students of the UP Board of Examination, Class 12th.

The model paper based on the latest exam pattern and syllabus is especially prepared for the students by the experts. Practising these questions will hopefully give a positive result.


Time: 3 hours
Instructions: The candidates will be given 15 minutes to read the question paper.
Max. Marks: 100

Note: (1) All questions are compulsory.
(2) Question no. 1 to 12 are multiple-choice. Students have to write only the correct answer in the answer sheet. Question no. 13 to 16 are very short answer questions, answer each question in about 25 words. Question no. 17 to 22 are short answer questions, each answer should be written in about 50 words. Question no. 23 to 28 are long answer questions and to be answered in about 150 words.
(3) The marks allotted for each question are written against it.


Multiple-Choice Questions:

1. Which of the following is a feature of exchange? (1 mark)
(1) Goods and services
(2) Voluntary transfer of goods
(3) Statutory and mutual acceptance
(4) None of these

2. What do market forces mean? (1 mark)
(1) demand and supply
(2) demand and price
(3) supply and price
(4) None of these

3. Whose statement is "Interest is the award of liquidation for a certain period of time". (1 mark)
(1) Marshal's
(2) Pingu
(3) Robertson's
(4) Keynes

4. 'Sarva Shiksha Abhiyan' was started - (1 mark)
(1) In 1986 A.D.
(2) In 2001-02
(3) 1 April 1992
(4) None of these

5. The mode of the following figures will be - 4, 1, 4, 7, 8, 4, 7, 4, 8, 5, 3, 8, 4, 2, 3, - (1 mark)
(1) 8
(2) 4
(3) 7
(4) 17

6. Price of a substitute good will be - (1 mark)
(1) uniform
(2) high
(3) low
(4) fluctuation

7. In which year the National Population Policy was announced - (1 mark)
(1) 1999
(2) 2000
(3) 2001
(4) 2002

8. What is the name of Central Bank of India? (1 mark)
(1) Central Bank of India
(2) Reserve Bank of India
(3) State Bank of India
(4) None of these

9. The price of a commodity is determined under the perfect competition- (1 mark)
(1) By Buyers demand
(2) Through Sellers 
(3) By the demand & supply powers of the industry
(4) Costs of the firms

10. Which of the following is a Direct Tax? (1 mark)
(1) Service Tax
(2) Income tax
(3) Sales tax
(4) Entertainment tax

11. Trade done by a country within its borders is called- (1 mark)
(1) internal trade
(2) provincial (district) trade
(3) state trade
(4) foreign trade

12. The cumulative frequency curve is called - (1 mark)
(1) Ozive
(2) Pie diagram
(3) bar diagram
(4) Divided bar diagram

Very short answer questions

13. What do you understand by the barter system? (4 marks)
14. When were the Regional Rural Banks established in India? (4 marks)
15. When did Internet services start in India? (4 marks)
16. What is economic rent? (4 marks)

Short answer questions

17. What is the main difference between fixed cost and variable cost? (5 marks)
18. Write a short note on secondary education. (5 marks)
19. The product quantity of different crops in a given year is given below. Find the arithmetic mean - (5 marks)
Crops         Production (in quintal)
Wheat          95
Paddy          87
Corn            79
Oilseeds      64
Sugarcane   52
Cotton          43
Pulses          28

20. Explain the difference between cash wages and real wages. (5 marks)
21. Write the meaning of trade balance. (5 marks)
22. Explain the basic concepts of national income. (5 marks)

Long answer questions

23. Define the market. Explain the characteristics (characteristics) of different market types. (7 marks)


Discuss the general principle of price determination with the help of a diagram.

24. Describe the major functions of the Reserve Bank of India. (7 marks)


What do you understand by foreign trade? Discuss the merits and demerits of foreign trade.

25. Explain the relation between average cost and marginal cost with the help of a diagram. (7 marks)


What do you understand by the concept of Income? Write the meaning of total income, average income and marginal income.

26. In imperfect competition, how does the firm determines the price and production in the short and long term? Explain with the help of a diagram. (7 marks)


Describe the sources of income of the state government.

27. What do you understand by the distribution in economics? Explain the distribution problem. (7 marks)


Explain Ricardo's theory of rent under extended and intensive farming.

28. What do you understand by the median? Describe it and briefly highlight its characteristics. (7 marks)


Describe the different types of statistical methods.

Paper Credits - Devendra Singh Yadav, Economics Teacher, DC Inter College, Mohana