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CBSE Class 12 Economics: Previous 5 years’ question papers

Previous 5 years’ question papers of Class 12 Economics board exams are available in this article. With the help these papers, you can easily learn about important concepts from which questions are frequently asked in Class 12 Economics board exams, every year.

Feb 1, 2018 15:16 IST
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CBSE Class 12 Economics: Previous years’ question papers
CBSE Class 12 Economics: Previous years’ question papers

Previous years’ papers of Class 12 Economics board exams are available here. With this article, you can access last 5 years’ question papers of this subject. These papers are very helpful for the preparation of Class 12 Economics board exam 2018. After going through last year papers, you will learn about important concepts from which questions might be asked in the paper, this year.

Students preparing for CBSE Class 12 Economics board exam 2018 are also advised to go through the latest Sample Paper issued by CBSE. This Sample Paper is important to understand the latest examination pattern (or blueprint) of the exam.

Links to access previous years’ Economics papers are given below:

CBSE Class 12 Economics Question Paper 2017

Some questions from this paper are given below:

Question: The demand of a commodity when measured through the expenditure approach is inelastic. A fall in its price will result in:

(choose the correct alternative)

(a) no change in expenditure on it.

(b) increase in expenditure on it.

(c) decrease in expenditure on it.

(d) any one of the above.

Question: As we move along a downward sloping straight line demand curve from left to right, price elasticity of demand: (choose the correct alternative)

(a) remains unchanged

(b) goes on falling

(c) goes on rising

(d) falls initially then rises

Question: Define market demand.

Question: Average revenue and price are always equal under: (choose the correct alternative)

(a) perfect competition only

(b) monopolistic competition only

(c) monopoly only

(d) all market forms

Question: State any one feature of oligopoly.

Question: Distinguish between microeconomics and macroeconomics

Question: State the meaning and properties of production possibilities frontier.

Question: Show that demand of a commodity is inversely related to its price.

Question: Explain with the help of utility analysis.

Question: Why is an indifference curve negatively sloped? Explain.

Question: Explain the conditions of consumer’s equilibrium under indifference curve approach.

Question: State different phases of the law of variable proportions on the basis of total product. Use diagram.

Question: Explain the geometric method of measuring price elasticity of supply. Use diagram.

Question: Explain the ‘free entry and exit of firms’ feature of monopolistic competition.

Question: When price of a commodity X falls by 10 per cent, its demand rises from 150 units to 180 units. Calculate its price elasticity of demand. How much should be the percentage fall in its price so that its demand rises from 150 to 210 units?

Question: Good Y is a substitute of good X. The price of Y falls. Explain the chain of effects of this change in the market of X.

Question: Explain the chain of effects of excess supply of a good on its equilibrium price.

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Other questions are available in the PDF of the question paper.

Get the complete paper from here.

CBSE Class 12 Economics Question Paper 2016

Some questions from this paper are given below:

Question:

Differentiated products is a characteristic of:

(Choose the correct alternative):

(a) Monopolistic competition only

(b) Oligopoly only

(c) Both monopolistic competition and oligopoly

(d) Monopoly

Question:

Demand curve of a firm is perfectly elastic under

(Choose the correct alternative)

(a) Perfect competition

(b) Monopoly

(c) Monopolistic competition

(d) Oligopoly

Question:

What happens to the difference between Total Cost and Total Variable Cost as output is increased?

Question:

A firm is able to sell any quantity of a good at a given price. The firm's marginal revenue will be:
(Choose the correct alternative):
(a) Greater than Average Revenue
(b) Less than Average Revenue
(c) Equal to Average Revenue
(d) Zero

Question:

When does ‘shift’ in supply curve take place?

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Other questions are available in the PDF of the question paper.

Get the complete paper from here.

CBSE Class 12 Economics Question Paper: 2015

Some questions from this paper are given below:

Question: Give equation of Budget Line.

Question: When income of the consumer falls the impact on price-demand curve of an inferior good is: (choose the correct alternative)

(a) Shifts to the right.

(b) Shifts to the left.

(c) There is upward movement along the curve.

(d) There is downward movement along the curve.

Question:

If Marginal Rate of Substitution is constant throughout, the Indifference curve will be :.(choose the correct alternative)

(a) Parallel to the x-axis.

(b) Downward sloping concave.

(c) Downward sloping convex.

(d) Downward sloping straight line.

Question:

What will be the impact of recently launched 'Clean India Mission' (Swachh Bharat Mission) on the Production Possibilities curve of the economy and why?

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Other questions are available in the article.

Get the complete paper from here.

CBSE Class 12 Economics Question Paper 2014

Question:

The government has started promoting foreign capital. What is its economic value in the context of Production Possibilities Frontier?

Question:

Define indifference curve.

Question:

Define marginal product.

Question:

What is market supply of a product?

Question:

What is imperfect oligopoly?

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Other questions are available in the article.

Get the complete paper from here.

CBSE Class 12 Economics Question Paper 2013

Question: Give an example each of fixed cost and variable cost.

Question: Under which market form a firm's marginal revenue is always equal to price?

Question: Give the meaning of market demand.

Question: Define marginal cost.

Question: When is the demand for a good said to be inelastic?

Question: Explain the law of diminishing marginal utility with the help of a total utility schedule.

Question: Explain the conditions of consumer's equilibrium with the help of utility analysis.

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Other questions are available in the article.

Get the complete paper from here.

More previous year Class 12 Economics board exam papers

CBSE Class 12th Economics Question Papers from 2008 to 2014

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