CBSE Class 12 Economics Question Paper 2014 Set 1 - Foreign

CBSE Class 12 Economics Question Paper 2014 Set 1 - Foreign CBSE,CCE and NCERT students can refer to the attached file. All educational material on the website has been prepared by the best teachers having more than 20 years of teaching experience in various schools. The study material available on our website for all CBSE classes and subjects have been prepared by teachers from all over the country. All study material has been carefully designed keeping into mind the latest CBSE examination trends.  

ECONOMICS

General Instructions :

(i) All questions in both the sections are compulsory.

(ii) Marks for questions are indicated against each.

(iii) Questions No. 1 – 5 and 17 – 21 are very short-answer questions carrying 1 mark each. They are required to be answered in one sentence each.

(iv) Questions No. 6 – 10 and 22 – 26 are short-answer questions carrying 3 marks each. Answers to them should normally not exceed 60 wordseach.

(v) Questions No. 11 – 13 and 27 – 29 are also short-answer questions carrying 4 marks each. Answers to them should normally not exceed 70 words each.

(vi) Questions No. 14 – 16 and 30 – 32 are long-answer questions carrying 6 marks each. Answers to them should normally not exceed 100 words each.

(vii) Questions marked star (*) are value-based questions.

(viii) Answers should be brief and to the point and the above word limit should be adhered to as far as possible.

1. Large number of technical training institutions have been started by the government. State its economic value in the context of production possibilities frontier.

2. Define utility.

3. Give the meaning of variable cost.

4. Define production function.

5. What is meant by collusive oligopoly ?

6.  Why is a production possibilities curve downward sloping ? Explain.

7. When price of a good falls from Rs.15 per unit to Rs.12 per unit, its demand rises by 25 percent. Calculate price elasticity of demand.

8.How does change in per unit tax influence the supply of a good by a firm ? Explain.

Please refer to the link below for CBSE Class 12 Economics Question Paper 2014 Set 1 - Foreign