CBSE Class 12 Economics Sample Paper 2020 Solved

CBSE Class 12 Economics Sample Paper 2020 Solved. CBSE issues sample papers every year for students for Class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.

1. Which of the following is not an assumption of the theory of demand based on analysis of indifference curve?

a) Given scale of preferences as between different combination of two goods.

b) Diminishing marginal rate of substitution

c) Constant marginal utility of money

d) Consumer will prefer more of a particular remaining the same.

2. When a firm is able to sell only by lowering the price TR will

a) increase at increasing rate

b) increase

c) increase at constant rate

d) decrease at decreasing rate

3. If regardless of changes in its price, the demand curve for goods will be

a) horizontal

b) vertical

c) positively sloped

d) negatively sloped

a) horizontal

b) vertical

c) positively sloped

d) negatively sloped

4. Scarcity and choices go altogether. Do you agree? Give reasons.

5. Economic slowdown in some parts of the world has adversely affected demand for Indian exports.

What will be its effect on the production possibility frontier of India? Explain.

6. Why does marginal cost eventually rise as output increases?

7. Suppose the market determined rent for apartments is too high for common people to afford. If the government comes forward to help those seeking apartments on rent by imposing what impact will it have on the market for apartments?

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