Class 12 Economics: CBSE Marking Scheme (2023-24) | Sample Papers for Class 12 Commerce PDF Download

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MARKING SCHEME -   SAMPLE QUESTION PAPER (2023-24) 
ECONOMICS (030) CLASS XII 
Q.NO.    SECTION A – MACRO ECONOMICS   MARKS 
1 b) Statement 1 is true and Statement 2 is false. 1 
2 a) GDP = GNP   1 
3 b) Average Propensity to Consume 1 
4 d) capital, debit 1 
5 c) Unit of account 1 
6 d) 640,5000,4000,1000 1 
7 b) consumption, investment 1 
8  d) I and IV 1 
9 c) 40,600  1 
10 c) Portfolio Investment 1 
11 Yes, the statement can be agreed upon.  
Since, in accounting sense; Current Account + Capital Account = 0 
If an economy is facing the situation of current account deficit (CAD), the same must 
be financed through surplus in capital account.  
CAD may be setoff through net capital inflows. Transactions like selling off assets or 
borrowing from abroad, may be instrumental in balancing CAD in Balance of 
Payments account.  
 
 
 
 
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12 (A) Domestic Income (NDP at FC) = (i) + (v) + (ii) + (iii) + (v) – (viii) – (vi) 
                                                     = 600 + 200 + 200 + 40 + (-40) – 40 – 120 
                                                     = ? 840 crore 
OR 
(B) 
(i) Externalities – Externalities refer to benefits (positive externalities)/ harms 
(negative externalities) which are caused by one entity to another without 
being paid/ penalised for it. 
(ii) Operating Surplus – Operating Surplus is the sum total of rent, royalties, 
interest and profits. It is also known as non-wage income. 
(iii) Consumption goods – Goods which are consumed by the ultimate 
consumers or meet the immediate need of the consumer are called 
consumption goods. It may include services as well. 
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