CBSE Class 12 Economics Question Paper 2011 (1)

Read and download CBSE Class 12 Economics Question Paper 2011 (1) 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 2011 (1)

Economics Class 12 Question Paper

CBSE Class 12 Economics Question Paper 2011 (1). 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. What is a market economy? 

2. When is a firm called 'price-taker' ? 

3. Define budget set. 

4. What is meant by 'increase' in supply? 

5. Define supply. 

6. Why is a production possibilities curve concave?Explain. 

7. 8 units of a good are demanded at a price of Rs. 7 per unit. Price elasticity of 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.

8. Giving examples,explain the meaning of cost in economics. 

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.

10. Explain the implication of 'freedom of entry and exit to the firms' under perfect competition.

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. 

12. Explain how the demand for a good is affected by the prices of its related goods.Give examples. 

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.

SECTION - B

14. What is nominal gross domestic product ? 

15. Define flow variables.

16. Define cash reserve ratio. 

17. Define money supply.

18. Define foreign exchange rate. 

19. State the components of capital account of balance of payments. 

20. Explain how 'distribution of gross domestic product' is a limitation in taking gross domestic product as an index of welfare. 

21. 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? 

22. Explain the relationship between investment multiplier and marginal propensity to consume.

23. 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

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2011 (1).

CBSE Class 12 Economics Question Paper 2011 (1)

We hope you liked the above provided CBSE Class 12 Economics Question Paper 2011 (1). 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 2011 (1) 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 2011 (1) 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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