 # CBSE Marking Scheme for Class 12 Economics: 2019

Check Marking Scheme of CBSE Class 12 Economics Board Exam 2019. In this article, you will also get the latest Sample Paper for Class 12 Economics Board Exam 2019.

Created On: Jan 21, 2019 17:31 IST CBSE Marking Scheme for Class 12 Economics

Check CBSE Marking Scheme for Class 12 Economics Board Exam 2019. It is available here for download in PDF format. The Marking Scheme of CBSE Class 12 Economics Board Exam 2019 is explained with the help of a Sample Papers. Links to download the Sample Paper and its Marking Scheme are given at the end of this article. As per CBSE date sheet 2019, CBSE Class 12 Economics Board Exam 2019 is scheduled to be held on 27th March 2019. These resources are important for the preparation of CBSE Class 12 Economics Board Exam 2019.

CBSE Sample Papers 2019 for 10th and 12th with Answers & Marking Scheme: All Subjects

Content from CBSE Class 12 Economics Marking Scheme and Sample Paper:

i. All questions in both sections are compulsory. However, there is internal choice in some questions.

ii. Marks for questions are indicated against each question.

iii. Question No.1-4 and 13-16 are very short answer questions carrying 1 mark each. They are required to be answered in one sentence.

iv. Question No.5-6 and 17-18 are short answer questions carrying 3 marks each. Answers to them should not normally exceed 60 words each.

v. Question No.7-9 and 19-21 are also short answer questions carrying 4 marks each. Answers to them should not normally exceed 70 words each.

vi. Question No.10-12 and 22-24 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 words each

vii. Answers should be brief and to the point and the above word limit be adhered to as far as possible.

Question1. State the reason why Total Variable Cost (TVC) curve and Total Cost (TC) curve are parallel to each other.

Solution1.

Total fixed cost, which remains unchanged at all given levels of output, is the reason behind vertical parallel distance between TVC curve and TC curve.

OR

Question1.

State the reason behind U-shape nature of Average Variable Cost curve.

Soution1.

Law of Variable Proportions

Question2.

If the Total Revenue of a firm increases by 45,000 due to an increase in sale of Good X from 50 units to 65 units, then marginal revenue will be Rs.............................?

Soution2.

Rupees 3,000.

Question3.

A Production Possibility Curve would be...................................... curve if all the available resources in an economy are equally efficient to produce both the goods.(Choose the correct alternative)

(a) a straight line

(b) convex to origin

(c) concave to origin

(d) upward sloping

Soution3.

A straight line.

Question4. Which of the following is a variable cost?

(a) Salary of permanent staff

(b) rent of premises

(c) licence fees

(d) wages

Soution4. (d)

Wages.

OR

Question4.

If Total Variable Cost and Total Fixed Cost of producing 10 units are 500 & 200, the value of average cost would be?

(a) 50

(b) 70

(c) 20

(d) 80

Soution4. (b)

70

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