CBSE Class 12 Economics 2017 board exam question paper (Delhi, Set 1) is available here for download in PDF format. This paper was held on 17th April 2017. With this article, students can download the complete question paper with the help of download link given at the end of this article. This question paper is helpful in understanding the latest examination pattern of CBSE 12th Economics board exam.
General Instructions for the paper
(i) All questions in both the sections are compulsory.
(ii) Marks for questions are indicated against each question.
(iii) Question Nos. 1 – 5 and 16 – 20 are very short-answer questions carrying 1 mark each. They are required to be answered in one sentence each.
(iv) Question Nos. 6 – 8 and 21 – 23 are short-answer questions carrying 3 marks each. Answers to them should normally not exceed 60 words each.
(v) Question Nos. 9 – 11 and 24 – 26 are also short-answer questions carrying 4 marks each. Answers to them should normally not exceed
70 words each.
(vi) Question Nos. 12 – 15 and 27 – 30 are long-answer questions carrying 6 marks each. Answers to them should normally not exceed 100 words each.
(vii) Answers should be brief and to the point and the above word limits should be adhered to as far as possible.
Some sample questions from the question 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.
Question: The ratio of total deposits that a commercial bank has to keep with
Reserve Bank of India is called: (choose the correct alternative)
(a) Statutory liquidity ratio
(b) Deposit ratio
(c) Cash reserve ratio
(d) Legal reserve ratio
Question: Aggregate demand can be increased by: (choose the correct alternative)
(a) increasing bank rate
(b) selling government securities by Reserve Bank of India
(c) increasing cash reserve ratio
(d) none of the above