CBSE Class 12 Economics Question Paper 2010 (1)

CBSE Class 12 Economics Question Paper 2010 (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. Define an indifference curve. 

2. Name the characteristic which makes monopolistic competition different from perfect competition. 

3. Why is demand for water inelastic? 

4. State one feature of oligopoly. 

5. In which market form demand curve of a firm is perfectly elastic? 

6. Distinguish between ‘increase in demand’ and ‘increase in quantity demanded’ of a commodity.

7. Explain the law of diminishing marginal utility with the help of a utility schedule.

8. At a price of Rs. 5 per unit of commodity A, total revenue is Rs. 800. When its price rises by 20 percent, total revenue increases by Rs. 400. Calculate its price elasticity of supply. 

9. Explain the implications of freedom of entry and exit of firms under perfect competition.

12. When the price of a commodity falls by Rs. 2 per unit, its quantity demanded increases by 10 units. Its price elasticity of demand is (-) 1. Calculate its quantity demanded at the price before change which was Rs. 10 per unit. 

13. Explain the effect of increase in income of buyers of a ‘normal’ commodity on its equilibrium price. 

14. Using indifference curves approach, explain the conditions of consumer’s equilibrium.

SECTION-B

15. State the components of money supply. 

16. Give the meaning of ex-ante savings. 

17. How is primary deficit calculated? 

18. Give the meaning of deflationary gap. 

19. State two sources of supply of foreign exchange. 

20. Explain how distribution of gross domestic product is its limitation as a measure of economic welfare.

21. Explain the ‘lender of last resort’ function of the Central Bank. 

22. How can Government budget be helpful in altering distribution of income in an economy? Explain.

Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2010 (1).