CBSE Class 12 Economics Question Paper 2005 (3)

CBSE Class 12 Economics Question Paper 2005 (3). Students can download the last year question papers using the link below. Free download of examination question papers with solutions.Last 10 year question papers should be practised to get better marks in examinations.

SECTION-A

Q1. Answer the following questions: 

      a) State any two causes of an economic problem.

      b) Define demand schedule.

      c) What is equilibrium price?

      d) Draw average revenue curve of a firm under perfect competition.

Q2. Explain the central problem of ‘for whom to produce’. 

Q3. Define utility. Describe the law of diminishing marginal utility. 

Q4. Price elasticity of demand of a good is (-) 2. 40 units of this good are bought at a price of Rs. 10 per unit.How many units will be bought at a price of Rs. 11 per unit?Calculate. 

Q5. Explain the effect of ‘technological changes’ on the supply of a product. 

Q6. Define marginal revenue. State the relation between total revenue and Marginal revenue?

Q7. Explain the feature ‘large number of buyers and sellers’ of a perfectly competitive market?

Q8. Explain the chain of effects on demand, supply and price of a commodity caused by a leftward shift of its demand curve.Use diagram.

Q9. Explain the law of demand and the reasons behind it.Use diagram? 

Q10. All the inputs, used in production of a good, are increased in the same proportion.What are its possible effects on ‘total physical product’? Explain by using numerical examples. 

Q11. Distinguish between fixed cost and variable cost and give one example of each.Draw Average Total Cost,Average Variable Cost and Marginal Cost Curves in a single diagram. 

SECTION - B

Q12. Answer the following questions: 

        a) Define macroeconomics.

        b) Give one example showing the difference between micro- economics and macroeconomics.

        c) What is a government budget?

        d) A country’s balance of trade is Rs. 100 ct-ores and value of export of goods is Rs. 175 crores.Find out value of import of goods.

Q13. State the meaning and components of aggregate demand. 

Q14. As a result of increase in investment by Rs. 20 crores, national income rises by Rs. 100 crores find out Marginal Propensity to Consume. 

Q15. Distinguish between revenue receipts and capital receipts in a government budget.Give one example of each. 

Q16. Explain the ‘medium of exchange’ function of money. 

Q17. Explain the ‘acceptance of deposits’ function of commercial banks.

Q18. Differentiate between factor payment and transfer payment.Explain briefly the concept of ‘mixed income of self-employed’.  

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2005 (3).