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TEST - 02: PARISHRAM HUMANITIES 2026 (Class 12th) Economics

The document is a test for Class 12th Economics, covering multiple choice questions, very short answer questions, and long answer questions related to economic concepts. It includes topics such as investment, capital flow, the Great Depression, and the differentiation between various economic terms. The test aims to assess students' understanding of macroeconomic and microeconomic principles.

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5 views2 pages

TEST - 02: PARISHRAM HUMANITIES 2026 (Class 12th) Economics

The document is a test for Class 12th Economics, covering multiple choice questions, very short answer questions, and long answer questions related to economic concepts. It includes topics such as investment, capital flow, the Great Depression, and the differentiation between various economic terms. The test aims to assess students' understanding of macroeconomic and microeconomic principles.

Uploaded by

yashshuklasln01
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TEST - 02
PARISHRAM HUMANITIES 2026 (Class 12th)
Economics

Q1 SECTION - A following: (1 marks)


Multiple Choice Questions- (1- 3) (3x1=3) Statement 1: Real flow refers to the flow of
Assertion (A): Investment is the net addition to factor services from firms to households.
capital stock. It boosts the economy's earnings Statement 2: Flow of goods and services and
and employment levels. factors of production across different sectors
Reason (R): Capital investments do not in a barter economy is known as capital flow.
increase a business's ability to produce. (1 (A) Both the statements are true.
marks) (B) Statement 1 is true and Statement 2 is
(A) If both Assertion and Reason are True and false.
the Reason is a correct explanation of the (C) Both the statements are false.
Assertion. (D) Statement 2 is true and Statement 1 is
(B) If both Assertion and Reason are True but false.
Reason is not a correct explanation of the
Q4 Section - B
Assertion.
Very short answer type questions ( 1x2=2)
(C) If Assertion is True but the Reason is False.
Give two examples each of macroeconomic
(D) Assertion is False but Reason is True.
and microeconomic studies. (2 Marks)
Q2 Identify the correct statements. (1 marks)
Q5 Section - C
A. Capital goods produced in a year contribute
Short answer type questions (5 - 8) ( 4x3=12)
to gross investment in an economy.
Differentiate between Stock and Flow with
B. All capital goods produced in a year
suitable explanation. (3 marks)
contribute to an increase in the capital stock.
C. Some capital goods produced in a year are Q6 Examine whether the following individuals
used to replace or maintain existing capital should be considered normal residents of
goods. India. Give reasons for your answer. (3 marks)
D. Net investment is calculated by subtracting (i) A foreign national working in the Indian
the value of replacement capital goods from embassy in Taiwan.
gross investment. (ii) An Indian citizen employed at the Asian
Choose the correct answer from the options Development Bank in the Philippines.
given below: (iii) An Indian student studying in the USA for
(A) A and B only the past five years.
(B) A, B and C only
(C) A, C and D only Q7 Differentiate between Gross Investment and
(D) A, B and D only Net Investment with suitable explanation. (3
marks)
Q3 Read the following statements carefully and
choose the correct alternative from the

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Q8 What was the Great Depression of 1929? economic system. (4 marks)


Describe its impact. (3 marks)
Q10 Differentiate between Intermediate Goods and
Q9 Section- D Final Goods with reference to their usage and
Long answer type questions- ( 9 - 10) ( 2x4=8) role in national income estimation.(4 marks)
Define the four major sectors of an economy
and explain the role each plays in the

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