Class 12th Commerce Model Question Papers - 2018-2019 StudyChaCha

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Old April 30th, 2014, 05:28 PM
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Default Class 12th Commerce Model Question Papers

Please give me question paper for class 12th accountancy paper of CBSE board??
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Old May 3rd, 2014, 10:17 AM
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Default Re: Class 12th Commerce Model Question Papers

Here I am giving you question paper for class 12th accountancy paper of CBSE board in PDF file attached with it so you can get it easily..

Section A
1. State two features of resources that give rise to an economic problem. (1)
2.
What happens to total expenditure on a commodity when its price falls and its
demand is price elastic?(1)
3.
What happens to equilibrium price of a commodity if there is an ‘increase’ in its
demand and ‘decrease’ in its supply?
(1)
4. Give the meaning of equilibrium price. (1)
5. What is meant by cost in economics? (1)
6. State any three factors that cause an ‘increase’ in demand of a commodity. (3)
7.
What will be the price elasticity of supply at a point on a positively sloped, straight
line supply curve?
(3)
8.
Explain the shape of a production possibility frontier.
OR
(3)
6
Explain the Central problem “how to produce.”
9. How does the nature of a commodity influence its price elasticity of demand? (3)
10.
Explain the changes that will take place in the market for a commodity if the
prevailing market price is less than the equilibrium price.
(3)
11.
Calculate the price elasticity of demand for a commodity when its price increases
by 25% and quantity demanded falls from 150 units to 120 units.
(4)
12.
Explain the relation between marginal revenue and average revenue when a firm is
able to sell more quantity of output
(i) at the same price.
(ii) only by lowering the price.

OR
Explain the effect of the following on the supply of a commodity:
(a) Fall in the prices of factor inputs.
(b) Rise in the prices of other commodities.
(4)
13.
On the basis of the information given below, determine the level of output at which
the producer will be in equilibrium. Use the marginal cost – marginal revenue
approach. Give reasons for your answer.

Section A
1. State two features of resources that give rise to an economic problem. (1)

What happens to total expenditure on a commodity when its price falls and its
demand is price elastic?
(1)

What happens to equilibrium price of a commodity if there is an ‘increase’ in its
demand and ‘decrease’ in its supply?
(1)

4. Give the meaning of equilibrium price. (1)

5. What is meant by cost in economics? (1)

6. State any three factors that cause an ‘increase’ in demand of a commodity. (3)

7.
What will be the price elasticity of supply at a point on a positively sloped, straight
line supply curve?
(3)
8.
Explain the shape of a production possibility frontier.
OR
(3)
Explain the Central problem “how to produce.”
9. How does the nature of a commodity influence its price elasticity of demand? (3)
10.
Explain the changes that will take place in the market for a commodity if the
prevailing market price is less than the equilibrium price.
(3)
11.
Calculate the price elasticity of demand for a commodity when its price increases
by 25% and quantity demanded falls from 150 units to 120 units.
(4)
12.
Explain the relation between marginal revenue and average revenue when a firm is
able to sell more quantity of output
(i) at the same price.
(ii) only by lowering the price.
OR
Explain the effect of the following on the supply of a commodity:
(a) Fall in the prices of factor inputs.
(b) Rise in the prices of other commodities.
(4)
13.
On the basis of the information given below, determine the level of output at which
the producer will be in equilibrium. Use the marginal cost – marginal revenue
approach. Give reasons for your answer.
Output (Units) Average Revenue (Rs) Total Cost (Rs)
1 7 8
2 7 15
3 7 21
4 7 26
5 7 33
6 7 41
(4)
14.
Why does the difference between Average Total Cost and Average Variable Cost
decrease with an increase in the level of output? Can these two be equal at some
level of output? Explain.
(6)
15.
Explain the implications of the following features of perfect competition:
(a) large number of buyers and sellers
(b) freedom of entry and exit of firms
(6)

16.
For a consumer to be in equilibrium why must marginal rate of substitution be
equal to the ratio of prices of the two goods?
OR
Why is the consumer in equilibrium when he buys only that combination of the
two goods that is shown at the point of tangency of the budget line with an
indifference curve? Explain.
For Blind Candidates in lieu of choice question of question No. 16
Explain how a consumer consuming two commodities X and Y attains equilibrium
under the utility approach.
(6)
Section B
17. Give the meaning of involuntary unemployment. (1)
18. What is the relationship between marginal propensity to save and marginal
propensity to consume?
(1)
19. The price of 1 US Dollar has fallen from Rs 50 to Rs 48. Has the Indian currency
appreciated or depreciated?
(1)
20. State the two components of money supply. (1)
21. What is meant by cash reserve ratio? (1)
22. From the following data relating to a firm, calculate its net value added at factor
cost:
(Rs in Lacs)
(i) Subsidy 40
(ii) Sales 800
(iii) Depreciation 30
(iv) Exports 100
(v) Closing stock 20
(vi) Opening stock 50
(vii) Intermediate purchases 500
(viii) Purchase of machinery for own use 200
(ix) Import of raw material 60
(3)

23. Give the meaning of Nominal GDP and Real GDP. Which of these is the indicator
of economic welfare?
(3)
24. ‘Machine’ purchased is always a final good.’ Do you agree? Give reasons for your
answer.
(3)
25. Explain the effect of depreciation of domestic currency on exports.
OR
Explain the effect of appreciation of domestic currency on imports.
(3)
26. Distinguish between the current account and capital account of balance of
payments account. Is import of machinery recorded in current account or capital
account? Give reasons for your answer.
(3)
27. What is a government budget? Give the meaning of :
a) Revenue deficit
b) Fiscal deficit
(4)
28. Categories the following government receipts into revenue and capital receipts.
Give reasons for your answer.
(a) Receipts from sale of shares of a public sector undertaking.
(b) Borrowings from public.
(c) Profits of public sector undertakings.
(d) Income tax received by government.
(4)
29. Explain the meaning of equilibrium level of income and output using savings and
investment approach. Use a diagram.
OR
Complete the following table:
Income Saving Marginal Propensity Average Propensity
to Consume to Consume
0 -20 - -
50 - 10 _______ _________
100 0 _______ _________
150 30 _______ _________
200 60 _______ _________
(4)
For Blind Candidates in lieu of Question 29
Explain the meaning of equilibrium level of income and output using savings and
investment approach.
30. Explain the process of money creation by commercial banks. (6)
31. Draw a straight line consumption curve. From it derive a savings curve explaining
the process. Show on this diagram:
(a) the level of income at which Average Propensity to Consume is equal to one.
(b) a level of income at which Average Propensity to Save is negative.

For Blind Candidates in lieu of Question 31
Explain the meaning of underemployment equilibrium. State two policy measures
that the government can take to make the economy reach full employment
equilibrium.
(6)

32. From the following data calculate National Income by Income and Expenditure
methods:
(Rs crores)
(i) Government final consumption expenditure 100
(ii) Subsidies 10
(iii) Rent 200
(iv) Wages and salaries 600
(v) Indirect taxes 60
(vi) Private final consumption expenditure 800
(vii) Gross domestic capital formation 120
(viii) Social security contributions by employers’ 55
(ix) Royalty 25
(x) Net factor income paid to abroad 30
(xi) Interest 20
(xii) Consumption of fixed capital 10
(xiii) Profit 130
(xiv) Net exports 70
(xv) Change in stock 50
OR
(6)

Calculate Gross National Disposable Income and Personal Income from the given
data:
(Rs crores)
(i) Personal tax 120
(ii) Net indirect tax 100
(iii) Corporation tax 90
(iv) National income 1000
(v) Net factor income from abroad 5
(vi) Consumption of fixed capital 50
(vii) National debt interest 70
(viii) Retained earnings of private corporate sector 40
(ix) Net current transfers to the rest of the world (-)20
(x) Current transfers from government 30
(xi) Share of government in national income 80

Marking Scheme for Sample Question Paper 1
Section A
1.
The two features of resources that give rise to an economic problem are
(i) resources are limited and (ii) they have alternative uses.
½ x2
2. Total expenditure will increase. 1
3. Equilibrium price will increase. 1
4. It is the price at which market demand and market supply are equal. 1
5.
Cost of producing a good is the sum of actual expenditure on inputs and the
imputed expenditure on the inputs supplied by the owner.
1
6.
The factors causing an increase in demand of a commodity are:
(i) Rise in the price of substitute goods.
(ii) Fall in the price of complementary goods.
(iii) Rise in income of its buyers (in case of a normal good).
(iv) Fall in income of its buyers (in case of an inferior good).
(v) Favourable change in taste etc for the good.
(vi) Increase in the number of its buyers.
(Any three)
1x3
7. Es = 1, at any point on the supply curve if it touches the origin when extended.
11
Es >1, at any point on the supply curve if it touches the y-axis when extended.
Es<1, at any point on the supply curve if if it touches the x-axis when extended.
Note: This question if answered with the help of diagrams will also be treated as
correct.
1x3
8.
Production Possibility Frontier (PPF) is a downward sloping, concave curve. It
shows increasing Marginal Rate of Transformation (MRT) as more quantity of
one good is produced by reducing quantity of the other good. This behaviour of
the MRT is based on the assumption that all resources are not equally efficient in
production of all goods. As more of one good is produced, less and less efficient
resources have to be transferred to the production of the other good which raises
marginal cost i.e. MRT.
OR
‘How to produce’ is the problem of choosing the technique of production.
Techniques are broadly classified into capital intensive and labour intensive. The
problem is to use capital intensive technique in which more of capital goods like
machines, etc. are used, or to use labour intensive technique in which more of
labour is used.
3


9.
A commodity for a person may be a necessity, a comfort or a luxury.
When a commodity is a necessity its demand is generally inelastic.
When a commodity is a comfort its demand is generally elastic.
When a commodity is a luxury its demand is generally more elastic that the
demand for comforts.
1x3
10.
When price is lower than equilibrium price, market demand is greater than
market supply. This will result in competition among buyers. The price will rise.
A rise in price will reduce the demand and raise the supply. This will reduce the
original gap between market demand and market supply. These changes will
continue till price rises to a level at which market demand is equal to market
supply. This is the equilibrium price.
Attached Files
File Type: pdf CBSE Class 12th Accountancy Papers.pdf (1.67 MB, 55 views)
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  #3  
Old December 25th, 2014, 03:00 PM
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Default Re: Class 12th Commerce Model Question Papers

I am looking for Paper Pattern and Model Question Papers or Previous Years Question Papers of Class 12th Commerce Accountancy so please provide me the same?
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  #4  
Old December 25th, 2014, 03:06 PM
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Posts: 31,703
Default Re: Class 12th Commerce Model Question Papers

Here I am providing you Paper Pattern and Previous Years Question Papers of Class 12th Commerce Accountancy.

Paper Pattern:

PART A: Accounting for Partnership Firms and Companies

1. Accounting for Partnership Firms - Fundamentals: 10 marks
2. Accounting for Partnership Firms - Reconstitution and Dissolution: 25 marks
3. Accounting for Share Capital: 18 marks
4. Accounting for Debuntures: 7 marks

AND

PART B: Financial Statement Analysis

1. Analysis of Financial Statements: 12 marks
2. Cash Flow Statement: 8 marks
3. Project work: 20 marks

OR

PART C: Computerized Accounting

1. Overview of Computerized Accounting System: 4 marks
2. Accounting Applications of Electronic Spreadsheet: 6 marks
3. Using Computerized Accounting System: 4 marks
4. Data Base Management System: 6 marks
5. Practical Work: 20 marks









Previous Years Question Papers of Class 12th Commerce Accountancy:

Class 12th Commerce Accountancy Paper 1


Class 12th Commerce Accountancy Paper 2


Class 12th Commerce Accountancy Paper 3
Attached Files
File Type: pdf Class 12th Commerce Accountancy Paper-1.pdf (1.23 MB, 255 views)
File Type: pdf Class 12th Commerce Accountancy Paper -2.pdf (1.08 MB, 160 views)
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Old March 3rd, 2015, 06:41 PM
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Default Re: Class 12th Commerce Model Question Papers

business studies sample paper for 12th m.p.board in hindi medium
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