CBSE Class 12 Economics Question Paper 2007 (3)

Read and download CBSE Class 12 Economics Question Paper 2007 (3) designed as per the latest question paper pattern and Class 12 examination guidelines issued by CBSE, NCERT and KVS. The past year Question Papers for Class 12 Economics have been provided with solutions which will help students to assess their performance and find out topics in Economics Class 12 which they need to improve to get better marks in Class 12 exams. After solving these last year papers also refer to solved Sample Papers for Class 12 Economics available on our website to build strong understanding of the subject

Economics Question Paper Class 12

Students can refer to the below Class 12 Economics Question Paper designed to help students understand the pattern of questions that will be asked in Class 12 exams. Please download CBSE Class 12 Economics Question Paper 2007 (3)

Economics Class 12 Question Paper

CBSE Class 12 Economics Question Paper 2007 (3). 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

1. Answer the following questions : 

   (i) Define marginal opportunity cost.

   (ii) Why is a production possibility curve concave ?

   (iii) State two characteristics of resources which give rise to an economic problem.

   (iv) Give two examples of microeconomic studies

2. Give meaning of (i) demand, (ii) normal good and (iii) inferior good. 

3. Explain the effect of ‘input price changes’ on the supply of a good. 

4. Explain the relation between marginal revenue and average revenue.

5. Draw Average Total Cost, Average Variable Cost and Marginal Cost curves in a single diagram.

6. Price of a good rises from Rs. 10 per unit to Rs. 11 per unit. As a result quantity demanded of that good falls by 10 percent. Calculate its price elasticity of demand.

7. Give meanings of (i) marginal physical product, (ii) fixed cost, (iii) variable cost, and (iv) total revenue.

8. How is the equilibrium price of a good determined ? Explain with the help of diagram a situation when both demand and supply curves shift to the right but equilibrium price remains the same.

9. Explain the term ‘change in demand’ and represent the same graphically. Also state three factors responsible for ‘change in demand’.

10. Distinguish between ‘returns to a factor’ and ‘returns to scale’. Explain briefly returns to scale by giving numerical examples

11. Answer the following questions : 

     (i) What is macroeconomics ?

     (ii) Give two examples of macroeconomic studies.

     (iii) What is balance of trade ?

     (iv) Give meaning of balance of payments.

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2007 (3).

CBSE Class 12 Economics Question Paper 2007 (3)

We hope you liked the above provided CBSE Class 12 Economics Question Paper 2007 (3). To get an understanding of the type of questions which were asked in previous year exams, it is important for Class 12 students to refer to CBSE Class 12 Economics Question Paper 2007 (3) that we have provided above. Students can download all the Question Papers for Class 12 Economics which were issued in the exams so that you can practise them and solve all types of questions which have been asked till now. By doing all CBSE Class 12 Economics Question Paper 2007 (3) PYP (previous year papers) you will understand the regular questions and MCQ questions for Class 12 Economics which are always asked and learn them so that you can get full marks in those questions. You can download CBSE Class 12 Economics Previous Year Question Papers and Class 12 Economics Sample Papers in PDF. You should attempt all the last year question paper for Class 12 and Class 12 Economics MCQ Test in examination conditions at home and then compare their answers with the solutions provided by our teachers.
 

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