2nd PUC Economics Question Paper 2024 with Answers

As per the timetable, The Karnataka School Examination and Assessment Board (KSEAB) is going to conduct the 2nd PUC Economics Paper 2024 on 16 March 2024(Saturday). After the conclusion of the exam, students are searching for the 2nd PUC Economics Question Paper 2024 with Answers on this page. Apart from that, we provide the 2nd PUC Economics Question Paper 2024 PDF which helps future students to grasp the examination scheme.

Karnataka 2nd PUC Economics Paper 2024

The Karnataka 2nd PUC Economics Exam will conclude at 01:30 P.M. After completion of the exam, Students are anxious about their responses which one is correct or not. If you are looking for the 2nd PUC Economics Question Paper 2024 with Answers then you are at the right place. Our experienced faculty shares the 2nd PUC economics Answer key 2024 which is correct and error free. Stay tuned to get the 2nd PUC economics Answer key at the earliest.

2nd PUC Economics Question Paper 2024

The Model paper for Karnataka 2nd PUC economics was provided by the board to assist students learn the patterns and typology of questions. Students will understand the possible questions for the forthcoming Economics exam. This helps pupils enhance their time management skills and knowledge. Let’s take an overview of the 2nd PUC Economics Paper 2024 in the table below.

2nd PUC Economics Paper Pattern

The Karnataka 2nd PUC Economics exam is worth 100 marks. The Theory exam is worth 80 marks, with the remaining 20 marks for internal assessment/ project work. To pass the board exams, students must get 33% on both the theoretical and internal assessments. The paper will be three hours and fifteen minutes long, with 15 minutes given out for reading. The 2nd PUC Economics paper 2024 will have 47 questions in total, separated into five categories. Candidates are recommended to go through the model paper to understand the pattern and section-wise mark breakdown.

2nd PUC Economics Question Paper 2024 with Answers

The second PUC Economics exam will be delivered in one shift, from 10:15 a.m. to 1:30 p.m. After taking the exam, students are eagerly looking for the 2nd PUC Economics Answer Key 2024 on the Internet to double-check their answers. To address this issue, our in-house experts will give you with the Karnataka 2nd PUC Economics question paper 2024 with answers in this article following the exam. Stay tuned to us.

2nd PUC Economics Model Paper 2024

Candidates who are going to take the economics exam on 14th March must go through the Class 12 Model Economics paper with the solutions given below.

PART-A

I. Choose the correct answer (Each question carries 1 mark). (5×1=5)

1. The scare resources of an economy have
a) Competing usages b) Unlimited usages
c) Single Usages d) None of the above

2. The equation of budget line is
a) Px+p1x1=M b) M=P0x0+Px
c) P1x1+P2x2=M d) Y=Mx+C

3. In a capitalist country production activities are mainly carried out by
a) Private enterprises b) Government authority
c)Planning authority d) None of the above

4. NNP= GNP –
a) Deduction b) Depreciation
c) Investment d) None of the above

5. The value of MPC lies between
a) 1 and 2 b) 0 and 1
c) 2 and 4 d) 0 and 0.5

II. Fill in the blanks by choosing the correct answer from the bracket. (5×1=5)
(Each question Carries 1 mark.)

(Stock, Narrow money, Variables, Shutdown Point, Revenue receipts, minimum point p)

6. In the long run all inputs are _________
7. The point of minimum AVC where the SMC curves cuts the AVC curves is called ____
8. _______ are define at a particular point of time.
9. M1and M2 are known as____________
10.Revenue deficit = Revenue expenditure – ____________

III. Match the following (Each question Carries 1 mark) (5×1=5)

IV. Answer the following questions in a sentence or a word (5×1=5)
(Each question carries 1 mark)

16.Give the meaning of marginal product.
17. What is price ceiling?
18. Give the meaning intermediate goods.
19. Write themeaning of autonomous consumption.
20. Who are the free riders?

PART-B

V. Answer any Six of the following in 4 sentences each (6×2=12)
(Each question carries 2 marks)

21. What is price elasticity of demand? Write the formula.
22. What do you mean by inferior goods? Give example.
23. Mention the conditions needed for profit by a firm under perfect competition.
24. Define equilibrium price and quantity.
25. Distinguish between excess demand and excess supply.
26. Mention 3 methods of measuring GDP(National income).
27. Write the equation of GDPMP and GDPFC.
28. Give the meaning of Paradox of thrift.
29. Why the proportional income tax acts as automatic stabilizer?
30. Why do people demand foreign exchange?

PART-C

VI. Answer any five of the following question in 12 sentences each. (5×4=20)
(Each question carries 4 marks)

31. Write a note on market economy.
32. Write the differences between total utility and marginal utility.
33. Explain isoquant with the help of the diagram.
34. Write a table to show the impact of simultaneous on equilibrium
35. Briefly explain in what way macro-economics is different from micro-economics.
36. Write a note on externalities.
37. Briefly explain the functions of RBI.
38. Briefly explain consumption function
39. Write the chart of components of current account.

PART-D

VII. Answer any three of the following question in 20 sentences each. (3×6=18)
(Each question carries 6 marks)

40. Explain the law of diminishing marginal utility with the help of a table and diagram.
41. Explain the market supply curve with the help of a diagram.
42. Explain the macroeconomic identities
43. Explain the functions of money. How does money over come the short comings of a barter system? Mention.
44. Explain the classification of receipts?

PART-E

VIII. Answer any two of the following project and assignment-oriented questions.
(Each question carries 5 marks) (2×5=10)

45. A Consumer wants to consume two goods. The price of Bananas is Rs. 5 and the price of Mangoes is Rs 10. The consumer income is Rs 40.
a) How much bananas can she consumes if she spends her entire income on that good?
b) How much mangoes can she consumes if she spends her entire income on that good?
c) Is the slope of Budget line downward or upward?
d) Are the bundles on the budget line equal to the consumer’s income or not?
e) If you want to have more of Bananas, You have to give up Mangoes. Is it true?

46. Find the missing products of the following table.

Karnataka 2nd PUC Economics Model Paper 2024 PDF

Solving model question papers allows students to enhance their time management abilities and understand the exam structure. It will also help to revise crucial concepts by asking questions. We have provided the Karnataka 2nd PUC Economics Question Paper 2024 PDF below.

Karnataka 2nd PUC Economics Paper 2024 PDF Download

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