CBSE Class 12 Economics Question paper | Eco Paper Class XII CBSE | CBSE 12 Economics question Paper

Here is a Question paper for class 12 CBSE Board . Those student Who was preparing for the 12 CBSE exam this will be helpful to you.

 

1.  Define market demand.

2.  What does cost mean in economics?

3.  Define revenue.

4.  Define market for a good.

5.  give meaning of ‘opportunity cost’

6.  When price of a good falls from Rs.10 per unit to Rs.9 per unit, its demand rises from 9 units
    to 10 units. Compare expenditures on the good to find price elasticity of demand.

7.  What is the relation between good X and good Y in each case, if with fall in price of X demand
    for good Y (i) rises and (ii) falls? Give reason.

8.  Explain the effect of technical progress on the supply of a good.
                        OR
    Explain the effect of rise in input prices on the supply of a good.

9.  State three features of monopolistic competition.

10. Explain the central problem ‘how to produce’.

11. Complete the following table:

Output    Total Variable Cost    Average Variable Cost    Marginal Cost
(Units)         (Rs.)                   (Rs.)               (Rs.)
1          10                   ——            —–
——          ——                     8              6
3          27                   ——            —–
——          ——                     10              13

                    OR

Output    Total Variable Cost    Average Variable Cost    Marginal Cost
(Units)         (Rs.)                    (Rs.)               (Rs.)
1         ——                     12              ——-
2          20                    ——              ——-
——         ——                     10                 10
4          40                    ——              ——-
12.  Explain the conditions leading to profit maximization by a producer. Use total cost and total
     revenue approach.

13.  Complete the following table:
Output    Total Variable Cost    Average Variable Cost    Marginal Cost
(Units)         (Rs.)                (Rs.)               (Rs.)
1         ——                 15                       ——
2         ——               ——                26
3           11               ——               ——
2         ——                  3                       ——

14.  Explain the Law of Variable Proportions through the behavior of both Total Product and
     Marginal Product. Give reasons.
                       OR
     Explain “Returns to Scale” using numerical examples. Given reasons.

15.  Market for a good is in equilibrium. What is the effect on equilibrium price and quantity if
     the proportionate increase in market demand in greater than increase in market supply. Use
     diagram.

For Blind Candidates only in lieu of Q.No. 15

Market for a good is in equilibrium. What is the effect on equilibrium price and quantity if the proportionate increase in market demand is greater than increase in market supply. Use schedules

16. A consumer consumes only two goods. Explain his equilibrium with the help of utility approach.

17. Define deflationary gap.

18. What is a central bank?

Section B

19. State any one objective of government budget.

20. Define flexible exchange rate system.

21. Give meaning of full employment.

22. When exchange rate of foreign currency rises, its supply rises. How? Explain.
23. State components of the current account of the balance of payments account.
24. What is bank rate policy? How does it work as a method of credit control?
                 OR
    What are ‘open market operations’? How do these work as a method of credit control?

25. Give meanings of capital receipts and revenue receipts with an example of each.
26. Calculate ‘intermediate consumption’ from the following data:
                                     (Rs. lakhs)
(i)  Value of output                      200
(ii) Net value added at factor cost       80
(iii)Sales tax                           15
(iv)Subsidy                        5
(v) Depreciation                   20

27. What is ‘fiscal deficit? What are its implications?
28. As a result of increase in investment national income rises by Rs. 600 crores. If marginal
    propensity to consume is 0.75, calculate the increase in investment.
29. Give four agency functions of commercial banks.
                OR
    Explain the acceptance of deposits function of commercial banks.

30. giving reasons explain how the following are treated while estimation national income:
(i)  Payment of fees to a lawyer engaged by a firm.
(ii) Rent free house to and employee by an employer.
(iii)Purchases by foreign tourists.

31. Calculate Gross National Product at Market Price an Net National Disposable income from the following data:
                                             (Rs. Crores)
(i)    Net current transfer to abroad           (-)  5
(ii)   Profits                                   70
(iii)  Consumption of fixed capital           30
(iv)   Rent                                   40
(v)    Indirect tax                           20
(vi)   Interest                                      100
(vii)  Royalty                                   10
(viii) Compensation of employees              600
(ix)   Subsidy                                5
(x)    Net factor income from abroad           (-) 25

All The Best For Your Exam