Class 12 Economics Solved Question Papers: CBSE Class 12 Economics Question Paper 2007 Set 01
Access comprehensive previous year question papers for Class 12 Economics using the CBSE Class 12 Economics Question Paper 2007 Set 01. Designed to align with the 2026-27 CBSE academic guidelines, these solved papers help students assess their exam readiness and understand official marking schemes.
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CBSE Class 12 Economics Question Paper 2007 (1). 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
1. Answer the following questions :
(i) Why does an economic problem arise ?
(ii) Define opportunity cost.
(iii) What does a rightward shift of production possibility curve indicate ?
(iv) Define microeconomics.
2. Explain the effect of increase in income of the consumer on the demand for a good.
3. State three causes of increase in supply.
4. Explain the relation between marginal cost and average cost.
5. Explain producer’s equilibrium with the help of a diagram.
6. A consumer buys 40 units of a good at a price of Rs. 3 per unit.When price rises to Rs. 4 per unit he buys 30 units. Calculate price elasticity of demand by the total expenditure method.
7. Give meaning of:
(i) production function
(ii) Supply
(iii) revenue, and
(iv) cost
8. Distinguish between :
(a) Individual demand and market demand.
(b) ‘Change in demand’ and ‘change in quantity demanded’
9. Explain the following features of perfect competition :
(i) Large number of buyers and sellers
(ii) Homogeneous products
Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2007 (1).
Free study material for Economics
Download CBSE Question Papers: Class 12 Economics
Previous Year Question Papers: Class 12 Economics
Access structured past examination sets for Class 12 Economics. Solving the CBSE Class 12 Economics Question Paper 2007 Set 01 provided above helps students understand actual exam difficulty levels, question formats, and topic distributions for both descriptive and objective sections.
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Reviewing official papers clarifies the exact marking scheme and structural layout established by the CBSE, enabling students to structure answers for maximum score potential.
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FAQs
The CBSE Class 12 Economics Question Paper 2007 Set 01 is available for download on StudiesToday.com. It includes complete set with all sections so that Class 12 students can practice with the exact same paper that came in the CBSE exams.
Yes, the solutions for CBSE Class 12 Economics Question Paper 2007 Set 01 are prepared by subject matter experts as per official marking scheme. Class 12 students will understand the structure of answers and 'step-marks' methodology Economics.
Solving previous year papers like CBSE Class 12 Economics Question Paper 2007 Set 01 is important to understand repeat themes and question difficulty levels of Economics. It helps Class 12 students to test their time management skills too.
Yes, where applicable, CBSE Class 12 Economics Question Paper 2007 Set 01 is available in both English and Hindi mediums. All students from Class 12 can access Economics study material in their preferred language.
No, all previous year question papers on StudiesToday, including CBSE Class 12 Economics Question Paper 2007 Set 01, are provided free of charge in mobile-friendly PDF.