CBSE Class 12 Economics Question Paper 2022 Set A Solved

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

Economics Class 12 Question Paper

SECTION: A
 
1 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
 
2 As the consumer has more units of a commodity, his total utility from the commodity :
a) Increase less than in proportion and then falls
b) Increase less than in proportion, reaches a maximum and then falls
c) Increase more than in proportion and then falls
d) Falls, becomes zero and then negative.
 
3 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
 
4 When Average Revenue passes through minimum point of Average variable cost, it is called:
a) Breakeven point
b) Shutdown point
c) Normal profit points
d) Super normal profit points
 
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 How does a change in supply influence the equilibrium price?
OR
How does a decrease in demand influence the equilibrium price?
 
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 Distinguish between change in quantity supplied and change in supply with a graph.
 
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 producing the commodity 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 Current transactions are of _____________ nature.
a) Stock
b) Flow
c) Both flow and stock
d) None of the above
 
14 State one fiscal measure that can be used to reduce the gap between rich and poor. 
 
15 Revenue expenditure may be on:
a) Interest expenditure
b) Subsidies
c) Non-interest expenditure
d) All of the above
 
16 If disposable income is Rs 500 and saving is Rs 100 find Average Propensity to consume.
a) 80%
b) 20%
c) 50%
d) 10%


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CBSE Class 12 Economics Question Paper 2022 Set A Solved

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