CBSE Class 12 Economics Question Paper 2021 Set D Solved

Economics
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Read and download CBSE Class 12 Economics Question Paper 2021 Set D Solved 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 2021 Set D Solved

Economics Class 12 Question Paper

SECTION: A
 
1 How is law of demand expressed functionally?
a) Dx = f (Px), ceteris paribus
b) Dx = f (Pz), ceteris paribus
c) Dx = f (Y), ceteris paribus
d) Dx = f (T), ceteris paribus
 
2 A firm is operating with a Total Variable Cost of 2000 when 5 units of the given
output are produced and the Total Fixed Costs are 800, what will be the Average
Total Cost of producing 5 units of output?
a) 560
b) 520
c) 400
d) 500
 
3 Law of variable proportion holds on when:
a) State of technology is same
b) All units of variable factor are homogeneous
c) There is at least one fixed factor
d) All of the above
 
4 Elasticity of supply is greater than one when
a) Proportionate change in quantity supplied is more than the proportionate change in price.
b) Proportionate change in price is greater than the proportionate change in quantity supplied.
c) Change in price and quantity supplied are equal.
d) None of them
 
5 Explain the law of diminishing marginal utility with the help of a total utility schedule.
OR
Explain the conditions of consumer’s equilibrium with the help of utility analysis.
 
6 When the Price of a good rises from 40 per unit to 60 per unit, the revenue of the firm producing this good rises from 200 to 600. Calculate the price elasticity of supply.
 
7 Giving reason state whether the following statements are true or false.
a) Equilibrium between demand and supply helps in determining prevailing price of the product.
b) Equilibrium price will not change if decrease in demand meets with proportionate decrease in supply.
 
8 Why is the equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Explain with a schedule.
OR
Explain how the following factors affect the supply of the commodity (any two)
(a) Price of factor inputs b) State of technology c) Government taxation Policy.
 
9 Production in an economy is below its potential due to unemployment. Government starts employment generation schemes. Explain its effect using production possibilities curve.
 
10 Explain the distinction between “change in quantity supplied” and “change in supply”. Use diagram
 
11 Suppose the demand and supply curves of salt are given by:
Qd = 1000 – p
Qs = 700 +2p
a) Find the equilibrium price and quantity
b) Now suppose that price of an input used to produce has increase so that the new supply curve is Qs=400+2p. How does the equilibrium price and quantity change?
c) Suppose the government is imposed a tax of 3 per unit on sale of salt. How does it affect the equilibrium price and quantity?
OR
Suppose the value of demand and supply curves of a Commodity-X is given by the following two equations simultaneously:
Qd = 200 –10p, Qs = 50 + 15p
i. Find the equilibrium price and equilibrium quantity of commodity X.
ii. Suppose that the price of a factor inputs used in prothecommodity has changed, resulting in the new supply curve given by the equation
Qs’ = 100 + 15p
Analyse the new equilibrium price and new equilibrium quantity as against the original equilibrium price and equilibrium quantity.
 
12 a) Why is Total Variable Cost curve inverse S- shaped?
b) What is Average Fixed Cost of a firm? Why is an Average Fixed Cost Curve a rectangular Hyperbola? Explain with help of a diagram.
 
SECTION: B
 
13 The exchange rate determined by the free play of the forces of demand and supply of foreign exchange is:
a) Flexible exchange rate
b) Fixed exchange rate
c) Managed floating
d) None
 
14 State one fiscal measure that can be used to reduce the gap between rich and poor. 
 
15 Current transactions are of _____________ nature.
a) Stock
b) Flow
c) Both flow and stock
d) None of the above
 
16 If disposable income is 1000 and saving is 250 find Average Propensity to consume.
a) 75%
b) 20%
c) 50%
d) 10%
 
17 Calculate Gross Value Added at Market Price from the following:
CBSE Class 12 Economics Question Paper 2021 Set D Solved 1
 
18 Explain the effects of appreciation of domestic currency on exports.
OR
Explain the effects of appreciation of domestic currency on imports.
 
19 How will ‘Reverse Repo Rate’ and ‘Open Market Operations’ control excess money supply in an economy?
OR
Illustrate with the help of a hypothetical numerical example the process of credit
 
20 Find (a) fiscal deficit and (b) primary deficit from the following: ( Crore)
Revenue expenditure = 70,000
Borrowings = 15,000
Revenue receipts = 50,000
Interest payments = 25% of revenue deficit.
 
21 What does the Balance of Payments Account record? Distinguish between the “balance on current account” and the “balance of trade” in this account.


Please click on below link to download CBSE Class 12 Economics Question Paper 2021 Set D Solved

2022
CBSE Class 12 Economics Question Paper 2022 Set A
CBSE Class 12 Economics Question Paper 2022 Set A Solved
CBSE Class 12 Economics Question Paper 2022 Set B Solved
CBSE Class 12 Economics Question Paper 2022 Set C Solved
2021
CBSE Class 12 Economics Question Paper 2021 Set A
CBSE Class 12 Economics Question Paper 2021 Set C Solved
CBSE Class 12 Economics Question Paper 2021 Set D Solved
CBSE Class 12 Economics Question Paper Solved 2021 Set B
2020
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set A
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set B
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set C
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set D
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set E
CBSE Class 12 Economics Compartment Question Paper Solved 2020
CBSE Class 12 Economics Question Paper 2020 Set B Solved
CBSE Class 12 Economics Question Paper 2020 Set C Solved
CBSE Class 12 Economics Question Paper Solved 2020 Set A
2019
CBSE Class 12 Economics Punjabi Question Paper 2019 Set A
CBSE Class 12 Economics Punjabi Question Paper 2019 Set B
CBSE Class 12 Economics Punjabi Question Paper 2019 Set C
CBSE Class 12 Economics Question Paper Solved 2019 Set A
CBSE Class 12 Economics Question Paper Solved 2019 Set B
CBSE Class 12 Economics Question Paper Solved 2019 Set C
CBSE Class 12 Economics Question Paper Solved 2019 Set D
CBSE Class 12 Economics Question Paper Solved 2019 Set E
CBSE Class 12 Economics Question Paper Solved 2019 Set F
CBSE Class 12 Economics Question Paper Solved 2019 Set G
CBSE Class 12 Economics Question Paper Solved 2019 Set H
CBSE Class 12 Economics Question Paper Solved 2019 Set I
CBSE Class 12 Economics Question Paper Solved 2019 Set J
CBSE Class 12 Economics Question Paper Solved 2019 Set K
CBSE Class 12 Economics Question Paper Solved 2019 Set L
CBSE Class 12 Economics Question Paper Solved 2019 Set M
CBSE Class 12 Economics Question Paper Solved 2019 Set N
CBSE Class 12 Economics Question Paper Solved 2019 Set O
2018
CBSE Class 12 Economics Boards Question Paper Solved 2018 Set 1
CBSE Class 12 Economics Boards Question Paper Solved 2018 Set 2
CBSE Class 12 Economics Boards Question Paper Solved 2018 Set 3
2017
CBSE Class 12 Economics Question Paper All India with answers 2017 (1)
CBSE Class 12 Economics Question Paper All India with answers 2017 (2)
CBSE Class 12 Economics Question Paper All India with answers 2017 (3)
CBSE Class 12 Economics Question Paper Delhi with answers 2017 (1)
CBSE Class 12 Economics Question Paper Delhi with answers 2017 (2)
CBSE Class 12 Economics Question Paper Delhi with answers 2017 (3)
CBSE Class 12 Economics Question Paper Foreign with answers 2017 (1)
CBSE Class 12 Economics Question Paper Foreign with answers 2017 (2)
CBSE Class 12 Economics Question Paper Foreign with answers 2017 (3)
2016
CBSE Class 12 Economics Question Paper 2016 Set 1
CBSE Class 12 Economics Question Paper 2016 Set 1 Delhi
CBSE Class 12 Economics Question Paper 2016 Set 2
CBSE Class 12 Economics Question Paper 2016 Set 2 Delhi
CBSE Class 12 Economics Question Paper 2016 Set 3
CBSE Class 12 Economics Question Paper 2016 Set 3 Delhi
2015
CBSE Class 12 Economics Question Paper 2015 (Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Delhi Set 1 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Delhi Set 2 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Delhi Set 3 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Outside Delhi Set 1 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Outside Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Outside Delhi Set 2 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Outside Delhi Set 3 (with answers) Reval
CBSE Class 12 Economics (Urdu) Question Paper 2015 (Delhi Set 1) (Compartment)
CBSE Class 12 Economics (Urdu) Question Paper 2015 (Delhi Set 2) (Compartment)
CBSE Class 12 Economics (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)
2014
CBSE Class 12 Economics Question Paper 2014 Set 1 - Delhi
CBSE Class 12 Economics Question Paper 2014 Set 1 - Foreign
CBSE Class 12 Economics Question Paper 2014 Set 1 - Outside Delhi
CBSE Class 12 Economics Question Paper 2014 Set 2 - Delhi
CBSE Class 12 Economics Question Paper 2014 Set 2 - Foreign
CBSE Class 12 Economics Question Paper 2014 Set 2 - Outside Delhi
CBSE Class 12 Economics Question Paper 2014 Set 3 - Delhi
CBSE Class 12 Economics Question Paper 2014 Set 3 - Foreign
CBSE Class 12 Economics Question Paper 2014 Set 3 - Outside Delhi
CBSE Class 12 Economics Question Paper SA1 2014 (1)
CBSE Class 12 Economics Question Paper SA1 2014 (2)
CBSE Class 12 Economics Question Paper SA2 2014
2013
CBSE Class 12 Economics Delhi Question Paper 2013 (1)
CBSE Class 12 Economics Delhi Question Paper 2013 (2)
CBSE Class 12 Economics Delhi Question Paper 2013 (3)
CBSE Class 12 Economics Foriegn Question Paper 2013 (1)
CBSE Class 12 Economics Foriegn Question Paper 2013 (2)
CBSE Class 12 Economics Foriegn Question Paper 2013 (3)
CBSE Class 12 Economics Outside Delhi Question Paper 2013 (1)
CBSE Class 12 Economics Outside Delhi Question Paper 2013 (2)
CBSE Class 12 Economics Outside Delhi Question Paper 2013 (3)
CBSE Class 12 Economics Question Paper SA1 2013
CBSE Class 12 Economics Question Paper SA2 2013
2012
CBSE Class 12 Economics Question Paper 2012 (1)
CBSE Class 12 Economics Question Paper 2012 (2)
CBSE Class 12 Economics Question Paper SA1 2012
CBSE Class 12 Economics Question Paper SA1 2012 (1)
CBSE Class 12 Economics Question Paper SA1 2012 (2)
2011
CBSE Class 12 Economics Question Paper 2011 (1)
2010
CBSE Class 12 Economics Question Paper 2010 (1)
CBSE Class 12 Economics Question Paper SA1 2010 (1)
2009
CBSE Class 12 Economics Question Paper 2009 (1)
Economics Question paper 2009
2008
CBSE Class 12 Economics Question Paper 2008 (1)
CBSE Class 12 Economics Question Paper 2008 (2)
CBSE Class XII Economics Question paper 2008
2007
CBSE Class 12 Economics Question Paper 2007 (1)
CBSE Class 12 Economics Question Paper 2007 (2)
CBSE Class 12 Economics Question Paper 2007 (3)
2006
CBSE Class 12 Economics Question Paper 2006 (1)
CBSE Class 12 Economics Question Paper 2006 (2)
2005
CBSE Class 12 Economics Question Paper 2005 (1)
CBSE Class 12 Economics Question Paper 2005 (2)
CBSE Class 12 Economics Question Paper 2005 (3)
* More Question Papers
CBSE Class XII Economics Question Paper 1
CBSE Class XII Economics Question Paper 2
CBSE Class XII Economics Question Paper 3

CBSE Class 12 Economics Question Paper 2021 Set D Solved

We hope you liked the above provided CBSE Class 12 Economics Question Paper 2021 Set D Solved. 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 2021 Set D Solved 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 2021 Set D Solved 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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