Refer to CBSE Class 12 Economics HOTs All Chapters Set B. We have provided exhaustive High Order Thinking Skills (HOTS) questions and answers for Class 12 Economics All Chapters. Designed for the 2025-26 exam session, these expert-curated analytical questions help students master important concepts and stay aligned with the latest CBSE, NCERT, and KVS curriculum.
All Chapters Class 12 Economics HOTS with Solutions
Practicing Class 12 Economics HOTS Questions is important for scoring high in Economics. Use the detailed answers provided below to improve your problem-solving speed and Class 12 exam readiness.
HOTS Questions and Answers for Class 12 Economics All Chapters
Quick Revision Question and Answers for Low Achievers
One Mark Questions (1M)
1. What is opportunity cost?
Opportunity cost refers to the cost of the next best alternative foregone.
2. Define Marginal rate of transformation.
It is the amount of one good that must be given to produce one additional unit of a second good. It is also known as marginal opportunity cost.
3. Give two examples of Micro economic variables/ studies.
a. Individual demand
b. Individual savings
4. Why does an economic problem arise?
It is due to unlimited wants and limited resources.
5. What is meant by inferior goods in economics?
Inferior goods refer to those goods whose demand decreases with rise in income of the consumer.
6. Define budget line.
Budget line shows all combinations of two goods that a consumer can buy with his income at a given price.
7. What is a demand schedule?
It is a tabular representation of different quantities demanded at different levels of prices
8. Define normal goods.
Normal goods are those goods whose demand rises with increase in income of consumer.
9. Define indifference curve.
It shows the various combinations of two goods which provide same level of satisfaction to the consumer.
10. Define production function.
It refers to the functional relationship between inputs and outputs.
11. Define Marginal physical product.
It refers to the addition made to the total product
12. Define revenue.
It refers to total money income from the sale of output
13. Define marginal revenue.
It refers to the addition made to the total revenue.
14. Why is the ATC greater than AVC
ATC is greater than AVC because ATC includes AVC and AFC
15. Define fixed cost.
Fixed costs refer to cost which remains constant as output changes. For e.g.: rent
16. Define equilibrium price.
Equilibrium price refers to a price at which market demand and market supply are equal.
17. In which market form the products are differentiated.
Monopolistic competition
18. In which market form a firm is a price taker?
Perfect competition
19. Why is demand curve under oligopoly indeterminate (uncertain)?
Demand curve is indeterminate because of price war between the sellers.
Please refer to attached file for CBSE Class 12 Economics HOTs All Chapters
| CBSE Class 12 Economics HOTs Introduction |
| CBSE Class 12 Economics HOTs Production and Costs |
| CBSE Class 12 Economics HOTs Producer Behaviour and Supply (Hindi) |
| CBSE Class 12 Economics HOTs Producer Behavoiur And Supply |
| CBSE Class 12 Economics HOTs The Theory of the Firm under Perfect Competition |
| CBSE Class 12 Economics HOTs Market Equilibrium |
| CBSE Class 12 Economics HOTs Non Competitive Markets |
| CBSE Class 12 Economics HOTs Economics Forms of Market and Price Determination |
| CBSE Class 12 Economics HOTs Money And Banking |
| CBSE Class 12 Economics HOTs Money and Banking (Hindi) |
| CBSE Class 12 Economics HOTs Determination of Income and Employment |
| CBSE Class 12 Economics HOTs Determination of Income and Employment (Hindi) |
| CBSE Class 12 Economics HOTs National Income And Related Aggregates |
| CBSE Class 12 Economics HOTs Government Budget the Economy |
| CBSE Class 12 Economics HOTs Government Budget the Economy (Hindi) |
| CBSE Class 12 Economics HOTs for Balance of Payment |
More free study material for Economics
HOTS for All Chapters Economics Class 12
Students can now practice Higher Order Thinking Skills (HOTS) questions for All Chapters to prepare for their upcoming school exams. This study material follows the latest syllabus for Class 12 Economics released by CBSE. These solved questions will help you to understand about each topic and also answer difficult questions in your Economics test.
NCERT Based Analytical Questions for All Chapters
Our expert teachers have created these Economics HOTS by referring to the official NCERT book for Class 12. These solved exercises are great for students who want to become experts in all important topics of the chapter. After attempting these challenging questions should also check their work with our teacher prepared solutions. For a complete understanding, you can also refer to our NCERT solutions for Class 12 Economics available on our website.
Master Economics for Better Marks
Regular practice of Class 12 HOTS will give you a stronger understanding of all concepts and also help you get more marks in your exams. We have also provided a variety of MCQ questions within these sets to help you easily cover all parts of the chapter. After solving these you should try our online Economics MCQ Test to check your speed. All the study resources on studiestoday.com are free and updated for the current academic year.
You can download the teacher-verified PDF for CBSE Class 12 Economics HOTs All Chapters Set B from StudiesToday.com. These questions have been prepared for Class 12 Economics to help students learn high-level application and analytical skills required for the 2025-26 exams.
In the 2026 pattern, 50% of the marks are for competency-based questions. Our CBSE Class 12 Economics HOTs All Chapters Set B are to apply basic theory to real-world to help Class 12 students to solve case studies and assertion-reasoning questions in Economics.
Unlike direct questions that test memory, CBSE Class 12 Economics HOTs All Chapters Set B require out-of-the-box thinking as Class 12 Economics HOTS questions focus on understanding data and identifying logical errors.
After reading all conceots in Economics, practice CBSE Class 12 Economics HOTs All Chapters Set B by breaking down the problem into smaller logical steps.
Yes, we provide detailed, step-by-step solutions for CBSE Class 12 Economics HOTs All Chapters Set B. These solutions highlight the analytical reasoning and logical steps to help students prepare as per CBSE marking scheme.