ASSEB Class 12 Economics Question Paper 2025 [AHSEC HS 2nd Year Economics Question Paper 2025]

 

Exam Name	ASSEB Class 12 Economics Exam 2025
Full Marks	80
Pass Marks	24
Duration	Three Hours
Exam Type	Written
Year	2025
Board Name	Assam State School Education Board

Are you looking for the AHSEC/ASSEB Class 12 Economics Question Paper 2025? You’ve come to the right place! In this post, we provide the complete question paper along with important details such as the exam pattern, marks distribution, and topic-wise analysis.

If you’re a student preparing for the Assam State School Education Board (ASSEB) Class 12 Economics exam, this paper will help you understand the question format and boost your preparation.

ASSEB (AHSEC) Class 12 Economics Question Paper 2025

Full Marks: 80 (Part-A=40 + Part-B=40)
Pass Marks: 24
Time: Three Hours
(The figures in the margin indicate full marks for the questions)

PART – A (Introductory Macroeconomics)

1. Give short answers to any four of the following questions: (1×4=4)

(i) Who is known as the father of Macroeconomics?
(ii) What are the two sectors studied in a ‘two-sector economy’?
(iii) Write the full form of the FRBM Act, 2003.
(iv) “Voluntary unemployment can exist in an economy with full employment equilibrium.” Write whether this statement is correct or incorrect.
(v) In which year was the ‘Bretton Woods’ Conference of the United Nations held?
(vi) When is the level of effective demand attained?
(vii) NNPFC = NNPMP - _______. (Fill in the blank)

2. Answer any five of the following questions: (2×5=10)

(i) Write two differences between direct tax and indirect tax.
(ii) What do you understand by the ‘paradox of thrift’?
(iii) Write one similarity and one difference between capital goods and intermediate goods.
(iv) Explain the concept of ex-ante investment and ex-post investment.
(v) What are the sources of supply of foreign currency in an economy?
(vi) Differentiate between revenue expenditure and capital expenditure.
(vii) What do you understand by the devaluation of domestic currency? Write with an example.

3. Answer any two of the following questions: (3×2=6)

(i) In an economy, the marginal propensity to save is 0.5. What will be the increase in income if there is a new investment of Rs. 600 crores?
(ii) What is fiscal policy? Write its two objectives. (1+2=3)
(iii) How can financial deficits be reduced? Explain briefly.
(iv) In the context of national income accounting, analyze the concept of planned and unplanned change in inventories with a hypothetical example.

4. Answer any two of the following questions: (6×2=12)

(i) What is the balance of payment? Explain its components. (1+5=6)
(ii) Explain the process of credit creation by commercial banks. (5+1=6)
(iii) What is aggregate demand? Write about its components. (1+5=6)
(iv) Is GDP an indicator of the welfare of a nation? Justify your answer.

5. Answer any one of the following questions: (8×1=8)

(i) What is value addition? Explain the value-added method of calculating national income. Write an important merit of this method. (1+6+1=8)
(ii) Write about the quantitative and qualitative measures used by the central bank to regulate the money supply in an economy.
(iii) Explain the working of the investment multiplier with an example. What is the backward working of the investment multiplier? (7+1=8)

PART – B (Indian Economic Development)

6. Give short answers to any four of the following questions: (1×4=4)

(i) What is ‘marketable surplus’ in the context of agricultural production?
(ii) Write the full form of NCERT.
(iii) Which Indian company bought the English tea company ‘Tetley’ in 2000?
(iv) The owner of a saloon is a regular salaried/self-employed/casual wage labourer. (Choose the correct option)
(v) What is India’s ranking in terms of the Human Development Index, 2023-2024?
(vi) Agriculture/Industry/Services sector is the largest contributor to the National Income of India at present. (Choose the correct option)

7. Answer any five of the following questions: (2×5=10)

(i) Write two causes of slow economic growth and the re-emergence of poverty in Pakistan.
(ii) Classify the following into renewable and non-renewable resources:

• (a) Tree

• (b) Coal

• (c) Iron ore

• (d) Sea fish

(iii) Write two benefits of formal sector employment.
(iv) What do you understand by outsourcing? Write with an example.
(v) What are the types of economic systems? Which economic system did India adopt after independence? (1+1=2)
(vi) Write two important achievements of India’s education sector.
(vii) What are the aspects included in the ‘agricultural marketing’ process?

8. Answer any two of the following questions: (3×2=6)

(i) When was the Central Pollution Control Board of India established? Write two functions of this board. (1+2=3)
(ii) Match the following correctly:

A	B
1. Prime Minster	A. Seeds that give large proportion of outputs
2. Gross Domestic Product	B. Quantity of goods that can be imported
3. Quota	C. Chairperson of the Planning
4. Land reform measures	D. The money value of all the final goods and services produced within the economy in one year
5. HYV seeds	E. Improvements in the field of agriculture to increase its productivity
6. Subsidy	F. The monetary assistance given by the government for production activities

(iii) Who is a worker? Are the following workers – a beggar, a thief, a smuggler, and a gambler? Why? (1+2=3)
(iv) Explain the ‘Great Leap Forward’ campaign of China as initiated in 1958.

9. Answer any two of the following questions: (6×2=12)

(i) Write a note on the development path of India, China, and Pakistan.
(ii) Write two differences between human capital and physical capital. Discuss the sources of human capital formation. (2+4=6)
(iii) Discuss the importance of credit for rural development. Write three differences between formal and informal sources of rural credit. (3+3=6)
(iv) Write short notes on any two of the following: (3+3=6)

• (a) Import substitution trade policy

• (b) Role of small-scale industry in the Indian economy

• (c) Condition of the agriculture sector of India at the time of independence

10. Answer any one of the following questions: (8×1=8)

(i) What is organic farming? How does it help in sustainable development? Write three merits and two limitations of organic farming. (1+2+5=8)
(ii) “The threat to India’s environment poses a dichotomy.” Based on this statement, write an analytical note on the current environmental situation and problems in India. What are the factors responsible for land degradation in India? (6+2=8)
(iii) Briefly write about the following reforms undertaken as part of the Liberalization Policy of Economic Reforms, 1991:

• (a) Industrial sector reform (3 marks)

• (b) Financial sector reform (3 marks)

• (c) Tax reform measures (2 marks)

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This ASSEB HS 2nd Economics Question Paper 2025 is a valuable resource for students aiming for high scores. By practicing with this paper, you can improve your time management and answer-writing skills.

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