Official CBSE Exam Papers for Class 12 Economics
Explore authentic exam materials through the CBSE Class 12 Economics Question Paper 2021 Set 01. Tailored for Class 12 learners, utilizing these Economics previous year papers ensures thorough preparation and strengthens time management skills before final CBSE evaluations.
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CBSE Class 12 Economics Question Paper 2021 Set A. Students can download the last year board exams 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
(MICRO ECONOMIC THEORY)
1. What does the area under the marginal utility curve depict?
a) Average utility
b) total utility
c) consumer equilibrium
d) none of the above.
2. Rent control is an example of
a) Price floor
b) price ceiling
c) equilibrium price
d) none of the above.
3. When equilibrium price is less than market price, there exists a situation of –
a) Excess demand
b) excess supply
c) price ceiling
d) both (a) and(b)
4. ‘A rise in price of a product may or may not lead to fall in demand for a related good.’ Explain using examples.
5. State the central problems and explain the reasons behind them.
6. Explain the implications of freedom of entry and exit of firms under perfect competition.
7. Define a PPC and describe the features of a normal PPC. 3
8. Using diagram explain the mechanism of a price control that is meant to protect the interests of consumers.
(OR)
Explain the use of price controls to protect the profits of producers. Use diagram.
9. A firm earns revenue of Rs. 500/- when the market price of the good is Rs.10/-. The market price increases to Rs. 15/- and the revenue of the firm increases by Rs. 1000/-. Find the price elasticity of supply.
10. ‘Crop damaged in Maharashtra sends onion prices soaring in Delhi.' Analyse the statement using diagram.
(OR)
‘Cheaper imports from China send the prices of Indian toys spiralling down.’ Explain the statement using diagram.
11. State whether the following statements are true or false. Justify your answer.
a) Average cost rises only when marginal cost rises.
b) Total product rises only when marginal product rises.
c) Average product is maximum when marginal product is zero.
d) Total cost is equal to total variable cost at zero level of output.
Please click the link below to download pdf file of CBSE Class 12 Economics Question Paper 2021 Set A
Free study material for Economics
CBSE Class 12 Economics Question Paper 2021 Set 01 & Previous Year Question Papers for Class 12 Economics
Understanding Exam Patterns with CBSE Class 12 Economics Question Paper 2021 Set 01
Review authentic examination papers for Class 12 Economics. Working through the CBSE Class 12 Economics Question Paper 2021 Set 01 allows learners to decode recurring question trends and familiarize themselves with official CBSE evaluation standards.
Why Practice Class 12 Economics Question Papers?
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Additional Study Resources for Class 12 Economics
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FAQs
The CBSE Class 12 Economics Question Paper 2021 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 2021 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 2021 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 2021 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 2021 Set 01, are provided free of charge in mobile-friendly PDF.