CBSE Important Questions

CBSE Guess > Papers > Important Questions > Class XII > 2014 > Economics > Economics - by Mr. S.R. Yadav

CBSE CLASS XII

Economics

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Time allowed : 3 hours
Maximum marks : 100

Note :

  1. All questions in both the sections are compulsory.
  2. Marks for questions are indicated against each.
  3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are required to be answered in one sentence each.
  4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them should not normally exceed 60 words each.
  5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to them should not normally exceed 70 words each.
  6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them should not normally exceed 100 words each.
  7. Answers should be brief and to the point and the above word limit be adhered to as for as possible.

Section - A

Q.1. Give two examples of fixed costs. 1
Q.2. If two demand curves intersect, which one has higher elasticity of demand? 1
Q.3. Will an economic problem arises when means and wants both are limited? 1
Q.4. In imperfect competition what is TR when MR=0? 1
Q.5. If a farmer grows pulses and wheat how will an increase in the price of pulses affect the supply curve of wheat? 1
Q.6. "Massive unemployment will shift the PPC to the left", defend or refute.3
Q.7. Explain the three causes of a rightward shift in the demand curve.

OR
Distinguish between extension of demand and increase in demand. Use diagrams. 3

Q.8. what is meant by the assumption other things remain constant on which the law of supply is based? 3
Q.9. Explain the 'law of diminishing marginal utility' with the help of a diagram and schedule. 3
Q.10. A 5% fall in price of a commodity leads to 10% rise in its demand. A consumer buys 40 units of the commodity at a price of Rs. 10 per unit. How many units will he buy at a price of Rs. 12 per unit? 3
Q.11. Explain four features of an oligopoly market. 4

OR
What is the implication of 'many sellers' and product differentiation' in monopolistic competition.

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Submitted By : Mr. S.R. Yadav
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Mobile : 9887487358
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