CBSE Class 12 Economics Question Paper 2006 (2)

CBSE Class 12 Economics Question Paper 2006 (2). Students can download the last year question papers using the link below. Free download of examination question papers with solutions.Last 10 year question papers should be practised to get better marks in examinations.

SECTION-A

Q. 1. Answer the following questions: 

       i. Give meaning of opportunity cost.

       ii. Define marginal physical product.

       iii. Give meaning of supply.

       iv. Define fixed costs.

Q. 2. Draw and define production possibility curve. Why is it downward sloping from left to right?For Blind Candidates only in lieu of Q. No. 2 Explain the problem of ‘what to produce’.

Q. 3. Define utility. Explain briefly the law of diminishing marginal utility. 

Q. 4. State clearly any three features of a perfectly competitive market. 

Q. 5. Explain ‘differentiated products’ characteristic of monopolistic competition. 

Q. 6. Demand of a product is ‘elastic’. Its price falls.What will be its effect on total expenditure on the product?Give a numerical example. 

Q. 7. A firm sells 1000 units of a product at a price of Rs. 10 per unit. Its price elasticity of supply is 3. How many units will the firm be able to sell if the price falls to Rs. 7.50 per unit?

SECTION-B

Q. 8. Answer the following questions : 

        i. Define macroeconomics.

        ii. Give one example each of mieroeconomics and macroeconomics.

        iii. What does balance of payments account record?

        iv. What is the balance of visible items in the balance of payments accounts called?

Q. 9.  Describe the ‘banker to the government’ function of the central bank. 

Q. 10. Define a government budget. State its any three objectives. 

Q. 11. What does fiscal deficit in a government budget mean? What are its implications? 

Q. 12. Explain the following terms giving suitable examples:

          i. Final products

          ii. Intermediate expenditure

          iii. Transfer payment

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2006 (2).