CBSE Class 12 Economics Question Paper 2022 Set B Solved

Economics
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Read and download CBSE Class 12 Economics Question Paper 2022 Set B 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 2022 Set B Solved

Economics Class 12 Question Paper

Section A: Introductory Microeconomics
 
1. When happens to marginal product when total product is maximum? 
 
2. When 5 units of a good are sold, total revenue is ₹100. When 6 units are sold, marginal revenue is ₹8. At what price are 6 units sold? (Choose the correct alternative)
(a) ₹28 per unit
(b) ₹20 per unit
(c) ₹18 per unit
(d) ₹12 per unit
 
3.What are explicit costs?
OR
Define marginal cost.
 
4.What is meant by ‘differentiated products’?
OR
What is a ‘collusive oligopoly’?
 
5. Are the following statements ‘true’ or ‘false’? give reasons
(a) At a higher price than equilibrium price there is excess demand.
(b) If both demand and supply increase simultaneously in same proportion, equilibrium price will also increase.
(c) Price floor the minimum allowable price above equilibrium price.
 
6. Define consumers’ equilibrium. What happens to consumer’ equilibrium if the consumer consumes only one good in the following situations:
(a) When marginal utility is greater than price
(b) When marginal utility is less than price
 
7. Elaborate the ‘price discrimination’ feature of monopoly.
OR
Why is number of firms limited in an oligopoly market? Explain.
 
8. ‘As the price of a good falls, the resulting increased purchasing power may be a reason for increase in quantity demanded’. Do you agree with the given statement? Give reason for your answer.
 
9. Explain how changes in technology influence the supply of a given product.
OR
Explain how changes in rate of unit taxes (excise tax) influence the supply of a product.
 
10. The market for a commodity X is in equilibrium. The price of its inputs fall. Explain with the help of a diagram its chain of effects on equilibrium price and equilibrium quantity exchanged.
OR
What is meant by ‘price floor’? Explain the consequences of minimum support price.
(Use diagram)
 
11. Explain the following degrees of price elasticity of demand with the help of an example and suitable diagrams.
(a) Inelastic demand
(b) Highly elastic demand
 
12. Giving reason, identify the equilibrium level of output and find profit at each unit of output using marginal cost and marginal revenue approach from the following data.

CBSE Class 12 Economics Question Paper 2022 Set B Solved 1

Section B: Introductory Macroeconomics
 
13. Aggregate demand is represented by --------------- curve in the determination of income analysis. (Choose the correct alternative)
(a) Consumption + Saving + Investment
(b) Consumption + Saving
(c) Saving + Investment
(d) Consumption + Investment
 
14.Define marginal propensity to save.
 
15. What is cash reserve ratio?
OR
What is statutory liquidity ratio?
 
16. Define intermediate goods.
 
17. Distinguish between factor payment and transfer payment.
OR
What is meant by problem of double counting? How this problem can be avoided?
 
18. Explain the ‘bank of issue’ function of the central bank. 
 
19. A `200 crores increase in investment leads to a rise in national income by `1,000 crores. Find out marginal propensity to consume.
OR
An economy is in equilibrium. Calculate autonomous consumption from the following:
(a) National income = ₹1, 250
(b) Marginal Propensity to save = 0.2
(c) Investment expenditure = ₹150
 
20. What do you mean by credit/money creation? Explain the process of money creation by the commercial banks with the help of a numerical example.
 
21. Discuss briefly, the circular flow of income in a two sector economy with the help of a suitable diagram
 
22. Explain the determination of equilibrium level of income in the economy using Savings- Investment approach. What adjustments will be made if the economy is not at equilibrium? (Use diagram)
 
23. Calculate gross national product at market price from the following data:
                                                                           ₹ Crores
1. Rent 100
2. Social security contributions by employers             47
3. Mixed income of self employed                             600
4. Gross domestic capital formation                          140
5. Royalty                                                               20
6. Interest                                                              110
7. Compensation of employees                                 500
8. Net domestic capital formation                             120
9. Net factor income from abroad                        (-) 10
10. Net indirect tax                                                 150
11. Profit                                                                200
 
24.Explain the meaning of ‘deficient demand’ using a diagram. What monetary policy measures are suggested to remedy the situation of deficient demand?
OR
Explain the meaning of ‘excess demand’ using a diagram. What fiscal policy measures are suggested to remedy the situation of excess demand?


Please click on below link to download CBSE Class 12 Economics Question Paper 2022 Set B 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 2022 Set B Solved

We hope you liked the above provided CBSE Class 12 Economics Question Paper 2022 Set B 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 2022 Set B 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 2022 Set B 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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