CBSE Class 12 Economics Questions for Forms of Market and Price Determination

Scroll down for PDF

CBSE Assignment  for Class XII Economics. Prepared by teachers of one of the best CBSE schools in Delhi. Based on CBSE and CCE guidelines. The students should practice these assignments to gain perfection which will help him to get more marks in CBSE examination.

UNIT 4

FORMS OF MARKET & PRICE

DETERMINATION

VERY SHORT ANSWER TYPE QUESTIONS (1 MARK)

1. Define market.

2. What do you mean by homogenous product?

3. How is price determined under perfect competition?

4. What is the common feature shared by perfect and monopolistic competition?

5. If the firms are earning abnormal profits, how will the number of firms in the industry change?

6. Define the monopoly market.

7. Under which market there is no difference between firm and industry?

8. What is normal profit?

9. Under which form of market the firm is price taker.

10. What is cartel?

11. What is the relationship between AR curve and demand curve in a monopoly market?

12. What do you mean by price discrimination?

13. Define oligopoly.

14. Define equilibrium price.

15. When does the situation of excess supply arise?

16. What will be the effect on equilibrium price when increase in demand is more than increase in supply?

17. Under what situation does the equilibrium price remains unaffected when there is simultaneous increase in demand and supply.


Please refer to attached file for CBSE Class 12 Economics Questions for Forms of Market and Price Determination

Tags: 


Click on the text For more study material for Economics please click here - Economics

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

CBSE Board Introduces Experiential Learning for Student

CBSE Academic Session 2019-20: Board Introduces Experiential Learning for Student: The education sector has grown for some new changes. As per the latest updates the Central Board of Secondary Education has been good in making all the possible efforts to improve...

CBSE DATE SHEET 2020

Central Board of Secondary Education, CBSE is to conduct the 10th and 12th Board Examination 2020 from February 15, 2020. Due to University Admissions, CBSE has shifted Board Exams dates from 1 March to February 15 from 2019. This year too CBSE would be making changes...

CBSE Board Secretary says Class 10 and 12 CBSE Exam Pattern to be modified

The Central Board of Secondary Education is expected to introduce a few changes to the exam pattern for class 10 and board exams by 2023. Anurag Tripathi, secretary of CBSE speaking at an Assoham School Education Summit said that although this year class 10 students...

How to crack a competitive examination

“How I crack a competitive examination” is a frequently asked question by today’s students. Cracking a competitive exam is a challenging task. Attaining a huge amount of study and solving several complex problems in a limited amount of time is a huge task. Competitive...

NCERT NTSE Admit Card 2020 released - know more

Introduction: NTSE 2020 National Talent search examination is conducted by NCERT to take out the students who excel in science. It is organized to measure and let the students with talent outshine in their coming future. This talent search exam is taken in 2 stages....

CBSE to launch 'Tamanna' aptitude test

Introduction: The poor decisive condition of students to pursue their subject of interest has been an area of concern. To the ease of which CBSE is to launch ‘Tamanna’. An aptitude test in order to provide a line of guidance to students of class 9th and 10th. What is '...

×
Studies Today