Higher Secondary Examination-2026 Economics Sample Question Paper

Instruction :-

1. All Questions are compulsory,
2. Internal options are given from Question No 6 to 23.
3. Question No 1 to 5 are objective type questions. Each question is allotted one mark (1×32=32 Marks)
4. Question No.06 to 15 carries02 marks each. (word Limit is approximately 30 word each.)
5. Question No 16 to 19 carries 03 marks each. (word limit is approximately 75 word each.)
6. Question No. 20 to 23 Carries 04 marks each. (word limit is approximately 120 word each.)

Q.1 Choose the correct option.
(1) The total satisfaction obtained from consuming a certain quantity of a commodity is called—
(a) Marginal Utility
(b) Total Utility
(c) Average Utility
(d) Negative Utility
(2) The sum of total variable cost and the total fixed cost is called —
(a) Total Cost
(b) Total Revenue
(c) Marginal Cost
(d) Marginal Revenue
(3) When market demand is more than market supply, it refers to a situation of —
(a) Excess Demand
(b) Excess Supply
(c) Zero Excess Demand
(d) Zero Excess Supply
(4) When net indirect taxes are subtracted from GDP at market price, we get —
(a) GDP (at FC)
(b) NDP (at FC)
(c) NDP (at MP)
(d) GNP (at MP)
(5) Suppose cash rserve ratio (CRR) = 20% percent, then with deposit of ₹100, our bank will need how much money as cash reserve —
(a) 40/-
(b) 20/-
(c) 60/-
(d) 80/-
(6) Value of MPC is —
(a) Between 0 to 1
(b) Between 0 to 10
(c) Between 0 to 100
(d) Between 0 to 1000

2 Fill in the blanks-
(i) Opportunity cost is also called the ——— Cost.
(ii) Elasticity of demand at all point along the horizontal demand curve is ———.
(iii) The law which operates in ——— Run Period is Law of variable proportion.
(iv) Steel sheets used for making automobiles and copper used for making utensils. These are called ——— good’s.
(v) Marginal propensity to save (MPS) is the change in ——– Per unit change income.
(vi) If the total revenue of a countary expenditure is ₹8,00,000 crore and the total revenue receipts is ₹ 6,50,000 Crore, then revenue deficit is ——— crore rupees.

Q. 3 Write true/false.
(i) Good’s like tea and coffee, they are substitutes for each other.
(ii) Marginal cost curve is U shaped.
(iii) In a perfectly competitive market, firms are price takers.
(iv) Average propensity to consume (APC) = S/y
(v) Assume that the marginal propensity to consume (MPC) is 0.8, then the government Expenditure multiplier will be 1/1-C = 5
(vi) In a certain year, India’s exports are 150 million dollars and import is 240 million dollars. so that trade balance will 390 million dollars. L2

Q.4 Match the following –
A B
(i) Utility (a) change in total utility
(ii) Marginal utility (b)
(iii) marginal Product (c) Want-Satisfying Capacity
(iv) Great Depression year (d) cash and bankdeposits
(v) John Mayard Keynes was born in (e) p x q
(vi) supply of money (f) 1929
(vii) Total Revenue (g) 1883

Q 5 . Write answer in one word/sentence.
(i) What is Budget set?
(ii) Write the formula of elasticity of supply.
(iii) Draw only diagram of Market Equilibrium.
(iv) The Gross National Product (GNP) of a country is ₹ 5,00,000 crore. The depreciation
(D) for this year is ₹ 50,000 crore. Find the Net National Product (NNP).
(v) Write the name of Indian central Bank.
(vi) What is Average propensity to save?
(vii) What is the meaning of Devaluation?

Q.6 What is Cardinal Utility analysis?

Or

What is Ordinal Utility analysis?

Q.7 What is the law of diminishing marginal Product?

Or

What is the law of Returns to scale?

Q.8 Write any two characteristics of perfectly competitive market.

Or

Write any two conditions of Profit Maximization-

Q.9 what is price ceiling?

Or

What is price Floor?

Q.10 What will happen if the price prevailing in the market is above the equilibrium price?

Or

Write only chemical equation of silver mirror test of AldehydeWhat will happen if the price prevailing in the market is below the equilibrium price?

Q.11 How National Income is calculated by expenditure method?

Or

How National Income is calculated by income method?

Q.12 What is effective demand?

Or

What is aggregate demand?

Q.13 What is ex – ante investment?

Or

What is ex – post investment?

Q.14 Give the relationship between revenue deficit and fiscal deficit.( Any two)

Or

Explain the relation between government deficit and government debt. ( Any two)

Q.15What is the meaning of Revenue Expenditure?

Or

What is the meaning of capital expenditure?

Q.16 Distinguish between micro economics and macro economics ( Any three)

Or

Distinguish between centrally planned economy and market planned economy. ( Any
three)

Q.17 What are normal goods? Explain with example.

Or

What are complementary goods? Explain with example.

Q. 18 Explain the stock and flow in three points.

Or

Explain the Planned and unplanned inventory accumulation in three points.

Q.19 What is Barter system? Write any two drawbacks of it.

Or

What are the main functions of money? How money does overcome the short comings of
a barter system?

Q.20 What is law of demand? Explain with diagram.

Or

What is law of diminishing marginal utility? Explain with diagram.

Q.21 The following table gives total product schedule of labor. Find the marginal product
schedules of labor.

or

The following table gives marginal product schedule of labor. Find the total product
schedules of labor.

Q.22 What is paradox of thrift? Explain in four points.

or

What is multiplier. Explain in four points of multiplier of mechanism.

Q.23 Differentiate between balance of trade and balance of payment in four points.

or

Differentiate between flexible exchange rate and fixed exchange rate in four points.