[Kesari]

I am looking to get some Previous Years Question Papers of Class 12th Economics of CBSE Board Exams. So can you provide the Question Papers?

As you want to get some Previous Years Question Papers of Class 12th Economics of CBSE Board Exams, so here I am providing the following papers:

CBSE Class 12th Question Papers of Economics 2011
1. What is a market economy? 1
2. When is a firm called 'price-taker' ? 1
3. Define budget set. 1
4. What is meant by 'increase' in supply? 1
5. Define supply. 1
6. Why is a production possibilities curve concave? Explain. 3
7. 8 units of a good are demanded at a price of Rs. 7 per unit. Price elasticity of
123
demand is (-)1. How many units will be demanded if the price rises to Rs. 8 per unit?
Use expenditure approach of price elasticity of demand to answer this question. 3
8. Giving examples, explain the meaning of cost in economics. 3
9. Draw average revenue and marginal revenue curves in a single diagram of a firm
which can sell more units of a good only by lowering the price of that good. Explain. 3
For blind candidates in lieu of Q No.9:
Distinguish between Average Revenue and Marginal Revenue with the help of a
numerical example. 3
10. Explain the implication of 'freedom of entry and exit to the firms' under perfect
competition.
OR
Explain the implication of 'perfect knowledge about market' under perfect competition.
3
11. A consumer consumes only two goods X and Y. State and explain the conditions of
consumer's equilibrium with the help of utility analysis. 4
12. Explain how the demand for a good is affected by the prices of its related goods.
Give examples. 4
13. Define 'Market-supply'. What is the effect on the supply of a good when Government
imposes a tax on the production of that good? Explain.
OR
What is a supply schedule? What is the effect on the supply of a good when
Government gives a subsidy on the production of that good? Explain. 4
14. What is meant by producer's equilibrium? Explain the conditions of producer's
equilibrium through the 'total revenue and total cost' approach. Use diagram. 6
For blind candidates in lieu of Q No. 14 :
What is meant by producer's equilibrium? Explain the conditions of producer's
equilibrium through the 'total revenue and total cost approach'. Use a schedule. 6
124
15. Explain the three properties of indifference curves. 6
16. Market for a good is in equilibrium. There is an 'increase' in demand for this good.
Explain the chain of effects of this change. Use diagram. 6
For blind candidates only in lieu of Q No. 16 :
Market for a good is in equilibrium. There is an 'increase' in demand for this good.
Explain the chain of effects of this change. Use a numerical example.
OR
Distinguish between collusive and non-collusive 'oligopoly. Explain how the oligopoly
firms are interdependent in taking price and output decisions. 6
SECTION - B
17. What is nominal gross domestic product ? 1
18. Define flow variables.
19. Define cash reserve ratio. 1
20. Define money supply.
21. Define foreign exchange rate. 1
22. State the components of capital account of balance of payments. 3
23. Explain how 'distribution of gross domestic product' is a limitation in taking gross
domestic product as an index of welfare. 3
24. Given that national income is Rs.80 crore and consumption expenditure Rs.64 crore,
find out average propensity to save. When income rises to Rs.100 crore and
consumption expenditure to Rs.78 crore, what will be the average propensity to
consume and the marginal propensity to consume? 3
25. Explain the relationship between investment multiplier and marginal propensity to
consume. 3
125
26. When price of a foreign currency rises, its demand falls. Explain why.
OR
When price of a foreign currency rises, its supply also rises. Explain why. 3
27. Explain the 'allocation of resources' objective of Government budget.
OR
Explain the 'redistribution of income' objective of Government budget.
28. From the following data about a Government budget, find out (a) Revenue deficit,
(b) Fiscal deficit and (c) Primary deficit: (Rs. Arab)
(i) Capital receipts net of borrowings 95
(ii) Revenue expenditure 100
(iii) Interest payments 10
(iv) Revenue receipts 80
(v) Capital expenditure 110 4
29. Giving reasons classify the following into intermediate products and final products:
(i) Furniture purchased by a school.
(ii) Chalks, dusters, etc. purchased by a school. 4
30. Explain the role of the following in correcting 'deficient demand' in an economy:
(i) Open market operations.
(ii) Bank rate.
OR
Explain the role of the following in correcting 'excess demand' in an economy:
(i) Bank rate.
(ii) Open market operations. 6
126
31. Explain the process of money creation by the commercial banks with the help of a
numerical example. 6
32. Calculate National Income and Gross National Disposable Income from the
following: (Rs. Crore)
(i) Net current transfers to the rest of the world (-)5
(ii) Private final consumption expenditure 500
(iii) Consumption of fixed capital 20
(iv) Net factor income to abroad (-)10
(v) Government final consumption expenditure 200
(vi) Net indirect tax 100
(vii) Net domestic fixed capital formation 120
(viii) Net imports 30
(ix) Change in stocks (-)20 6
QUESTION PAPER CODE 58/1
SECTION - A
1. What is a planned economy? 1
2. When is a firm called price' maker? 1
3. Define a budget line. 1
4. What is 'decrease' in supply? 1
5. Define production function. 1
6. How is production possibility curve affected by unemployment in the economy?
Explain. 3
7. When price of a good is Rs. 13 per unit, the consumer buys 11 units of that good.
When price rises to Rs. 15 per unit, the consumer continues to buy 11 units. Calculate
price elasticity of demand. 3
127
8. Distinguish between explicit cost and implicit cost and give examples. 3
9. Draw in a single diagram the average revenue and marginal revenue curves of a firm
which can sell any quantity of the good at a given price. Explain. 3
Note: The following question is for the Blind Candidates only, in lieu of Q. No.9.
Explain the relation between average revenue and marginal revenue of. a firm which
is free to sell any quantity at a given price. 3
10. Explain the implications of the feature 'large number of buyers' in a perfectly competitive
market. 3
OR
Explain the implications of the feature 'homogeneous products' in a perfectly competitive
market. 3
11. A consumer consumes only two goods X and Y. At a consumption level of these
two goods, he finds that the ratio of marginal utility to price in case of X is higher
than in case of Y. Explain the reaction of the consumer. 4
12. Explain how rise in income of a consumer affects the demand of a good. Give
examples. 4
13. Define marginal cost. Explain its relation with average cost. 4
OR
Define variable cost. Explain the behaviour of total variable cost as output increases. 4
14. What is producer's equilibrium? Explain the conditions of producer's equilibrium
through the 'marginal cost and marginal revenue' approach. Use diagram. 6
Note: The following question is for the Blind Candidates only, in lieu of Q. No. 14.
What is producer's equilibrium? Explain the conditions of producer's equilibrium
through the 'marginal cost and marginal revenue' approach. Use a schedule. 6
128
15. Explain the conditions of consumer's equilibrium with the help of the Indifference
Curve Analysis. 6
16. Market for a good is in equilibrium. There is 'increase' in supply of the good. Explain
the chain of effects of this change. Use diagram. 6
Note: The following question is for the Blind Candidates only, in lieu of Q. No. 16.
Market for a good is in equilibrium. There is 'increase' in. supply of that good.
Explain the chain of effects of this' change. Use a numerical example. 6
OR
Distinguish between 'non-collusive' and 'collusive' oligopoly. Explain the following
features of oligopoly: 6
(i) Few firms
(ii) Non-price competition
SECTION B
17. What are stock variables? 1
18. Define

[Nilesh]

CBSE Board 12th Economics question paper following topics:

PART A :- Introductory Micro-Economics
UNIT - 1 : Introduction
Meaning of Micro-Economics and Macro-Economics, what is an Economy?
Central problems of an economy: what, how and for whom to produce;
concepts of production possibility frontier and Opportunity cost.
UNIT-2 : Consumer’s equilibrium and demand
Consumer’s Equilibrium - Meaning of utility, Marginal utility, Law of
diminishing marginal utility, conditions of consumer’s equilibrium using
marginal Utility analysis.
UNIT - 2: Indifference curve analysis of consumer’s equilibrium – the
consumer’s budget (budget set and budget line), preferences of the consumer
(indifference curve, indifference map) and Conditions of consumer’s
equilibrium.
UNIT-2 Demand, Market Demand, Determinants of demand, Demand
Schedule, Demand Curve, Movement along and shifts in the demand curve;
price elasticity of demand - factors affecting Price elasticity of demand.
UNIT-2 Measurement of price elasticity of demand - (a) percentage - change
method, (b) geometric method (linear demand curve); Relationship between
Price Elasticity of Demand and Total Expenditure.
UNIT :3 Producer Behaviour and Supply
Production function: Total Product, Average Product and marginal product.
Returns to a factor. Cost and Revenue: Short run Costs- Total cost, total fixed
cost, total variable cost, average fixed cost, average variable cost and marginal
cost - Meaning and their relationship.

CBSE 12th Economics paper