HSC Commerce (English Medium)
HSC Science (General)
HSC Arts (English Medium)
HSC Science (Electronics)
HSC Science (Computer Science)
HSC Commerce: Marketing and Salesmanship
Academic Year: 2024-2025
Date: March 2025
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Notes:
- All questions are compulsory.
- Draw neat tables/diagrams wherever necessary.
- Figures to the right indicate full marks.
- Write answers to all main questions on new page.
Choose the correct option:
Export trends of India’s foreign trade include:
- Engineering goods
- Gems and Jewellery
- Textiles and ready-made garments
- Gold
a and c
a, b and c
b, c and d
None of these
Chapter: [0.1] Foreign Trade of India
Choose the correct option:
| Column A | Column B |
| 1) Time utility | a) Transport |
| 2) Place utility | b) Blood bank |
| 3) Service utility | c) Mobile phone |
| 4) Knowledge utility | d) Doctor |
1 - d, 2 - b, 3 - a, 4 - c
1 - b, 2 - a, 3 - d, 4 - c
1 - a, 2 - b, 3 - c, 4 - d
1 - b, 2 - c, 3 - d, 4 - a
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Non-tax sources of revenue ______.
- Direct and Indirect Tax
- Direct Tax and Fees
- Fees
- Special levies
(b) and (c)
(a) and (c)
(a), (b), (c), and (d)
(c) and (d)
Chapter: [0.08] Public Finance in India
Choose the correct pair:
| Group A | Group B |
| A. Price Index | (a) `(sump_1q_1)/(sump_0q_0) xx 100` |
| B. Value Index | (b) `(sumq_1)/(sumq_0) xx 100` |
| C. Quantity Index | (c) `(sump_1q_1)/(sump_0q_1) xx 100` |
| D. Paasche's Index | (d) `(sump_1)/(sump_0) xx 100` |
A - (d), B - (c), C - (a), D - (b)
A - (d), B - (a), C - (b), D - (c)
A - (b), B - (c), C - (d), D - (a)
A - (c), B - (d), C - (a), D - (b)
Chapter: [0.06] Index Numbers
Statements related to limitations of index numbers.
- Index numbers are not completely reliable.
- There may be a bias in the data collected.
- Every formula has some kind of defect.
- Index numbers ignore changes in the qualities of products.
a, c and d
a, b, c and d
a, b and d
b, c and d
Chapter: [0.06] Index Numbers
Complete the correlation:
Primary market : ______ :: Secondary market : Old issues.
Chapter: [0.09] Money Market and Capital Market in India
Complete the correlation:
Perfect competition : Free entry and exit : : ______ : Barriers to entry.
Chapter: [0.05] Forms of Market
Complete the correlation:
Total Revenue : ______ :: Average Revenue : TR/TQ
Chapter: [0.04] Supply Analysis
Complete the correlation:
Expansion of supply : Price rises :: Contraction of supply : _______
Chapter: [0.04] Supply Analysis
Complete the correlation:
Output method : __________ :: Income method : Factor cost method
Chapter: [0.07] National Income
While estimating national income, we include only the value of final goods and services in order to ______.
make computation easier
Avoid double counting
maximize national welfare of the people
evaluate the total economic performance of a nation
Chapter: [0.07] National Income
The relationship between demand for a good and the price of its substitute is ______.
direct
inverse
no effect
can be direct and inverse
Chapter: [0.031] Demand Analysis
When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is ______.
flatter
steeper
rectangular
horizontal
Chapter: [0.032] Elasticity of Demand
An upward movement along the same supply curve shows ______.
contraction of supply
decrease in supply
expansion of supply
increase in supply
Chapter: [0.04] Supply Analysis
NDP is obtained by ______.
deducting depreciation from GNP
deducting depreciation from GDP
including depreciation in GDP
including depreciation in GNP
Chapter: [0.07] National Income
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- Assertion (A): Elasticity of demand explains that one variable is influenced by another variable.
- Reasoning (R): The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.
(A) is true, but (R) is false
(A) is false, but (R) is true
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true, and (R) is not the correct explanation of (A).
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
- Assertion (A): The unorganized sector of the money market Lacks transparency.
- Reasoning (R): Activities of the unorganized sector are Largely confined to rural areas.
(A) is True, but (R) is False.
(A) is False, but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
Chapter: [0.09] Money Market and Capital Market in India
- Assertion (A): The money market economizes the use of cash.
- Reasoning (R): The money market deals with financial instruments that are close substitutes for money.
(A) is True, but (R) is False.
(A) is False, but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
Chapter: [0.09] Money Market and Capital Market in India
Assertion (A): Foreign exchange management and control is undertaken by commercial banks.
Reasoning (R): RBI has to maintain the official rate of exchange of the rupee and ensure its stability.
(A) is True, but (R) is False.
(A) is False, but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
Chapter: [0.09] Money Market and Capital Market in India
Assertion and Reasoning type of question:
- Assertion (A): The degree of price elasticity is less than one in case of relatively inelastic demand.
- Reasoning (R): The change in demand is less than the change in price.
(A) is true, but (R) is false.
(A) is false, but (R) is true.
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true and (R) is not the correct explanation of (A).
Chapter: [0.032] Elasticity of Demand
Identify and explain the concept from the given illustration:
Kavita consumed five units of oranges one after the other.
Chapter: [0.02] Utility Analysis
Identify and explain the following concept:
Shobha collected data regarding the money value of all final goods and services produced in the country for the financial year 2018-2019.
Chapter: [0.07] National Income [2.02] National Income
Identify and explain the concept from the given illustration:
Sara makes a monthly contribution to a fund jointly created by her friends. The collected fund is then given to a chosen member through lucky draw.
Chapter: [0.09] Money Market and Capital Market in India
Identify and explain the concept from the given illustration:
England imported cotton from India, made readymade garments from it and sold them to Malaysia.
Chapter: [0.1] Foreign Trade of India
Identify and explain the concept from the given illustration:
Nilesh purchased ornaments for his sister.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Distinguish between:
Demand deposit and Time deposit
Chapter: [0.09] Money Market and Capital Market in India
Distinguish between the following concepts:
Special assessment and Special levy.
Chapter: [0.08] Public Finance in India
Distinguish between:
Stock and Supply
Chapter: [0.04] Supply Analysis
Distinguish between Relatively elastic demand and relatively inelastic demand.
Chapter: [0.032] Elasticity of Demand
Distinguish between Desire and Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Explain the total outlay method of measuring elasticity of demand?
Chapter: [0.032] Elasticity of Demand
Name and explain the types of monopoly.
Chapter: [0.05] Forms of Market
Explain the importance of Macro economics.
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Explain the recent trends in India’s exports.
Chapter: [0.1] Foreign Trade of India
What is the role of the capital market in India?
Chapter: [0.09] Money Market and Capital Market in India
State with reason, whether you agree or disagree with the following statement:
There are many theoretical difficulties in the measurement of national income.
Agree
Disagree
Chapter: [0.07] National Income
State with reason whether you agree or disagree with the following statement:
Democratic Governments do not lead to increase in public expenditure.
Agree
Disagree
Chapter: [0.08] Public Finance in India
State with reasons whether you agree or disagree with the following statement:
Index number measures changes in the price level only.
Agree
Disagree
Chapter: [0.06] Index Numbers
State with reason, whether you agree or disagree with the following statement:
Under the output method, the value-added approach is used to avoid double counting.
Agree
Disagree
Chapter: [0.07] National Income
State with reason whether you agree or disagree with the following statement:
The scope of microeconomics is unlimited.
Agree
Disagree
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Observe the following table and answer the questions:
| Price of a banana (per dozen) in ₹ | Demand (in dozen) | Supply (in dozen) | Relation between DD and SS |
| 10 | 500 | 100 | DD > SS |
| 20 | 400 | _____ | DD > SS |
| 30 | _____ | 300 | DD = SS |
| 40 | 200 | _____ | DD < SS |
| 50 | ______ | 500 | DD < SS |
- Fill in the blanks in the above schedule.
- Derive the equilibrium price from the above schedule with the help of a suitable diagram.
Chapter: [0.05] Forms of Market
Observe the given table and answer the questions given below:
| Units of a commodity | TU units | MU units |
| 1 | 6 | 6 |
| 2 | 11 | 5 |
| 3 | 15 | 4 |
| 4 | 15 | 0 |
| 5 | 14 | -1 |
- Draw the total utility curve and marginal utility curve.
- (i) When the total utility is maximum, marginal utility is ______.
(ii) When total utility falls, marginal utility becomes ______.
Chapter: [0.02] Utility Analysis
Read the given passage and answer the questions:
|
The conventional notion of social security is that the government would make periodic payments to look after people in their old age, ill health, disability, and poverty. This idea should itself change from writing a cheque for the beneficiary to institutional arrangements to take care of beneficiaries, including by enabling them to look after themselves, to a large extent. The write-a-cheque model of social security is a legacy from the rich world at the optimal phase of its demographic transition when the working population was numeral enough and earning enough to generate the taxes to pay for the care of those not working. This model is ill-suited for less, well-off India with growing life expectancy, increasing urbanization, and resultant migration. Social security under urbanization will be different from social security in a static society. |
- State the conventional notion of social security.
- What kind of conceptual change is suggested in the given paragraph?
- What is the legacy of social security from the rich world?
- Which features of India make the traditional model of social security ill-suited for the economy?
Chapter: [0.08] Public Finance in India
What is perfect competition? Explain the concept and its features.
Chapter: [0.05] Forms of Market
Explain any four exceptions of the law of Diminishing marginal utility.
Chapter: [0.02] Utility Analysis
Explain the meaning of monopolistic competition with its features.
Chapter: [0.05] Forms of Market
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