CBSE Class 12 Economics Question Paper 2022 Set A

CBSE Class 12 Economics Question Paper 2022 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. When equilibrium price is greater than market price, there exists a situation of

a) excess demand b) excess supply c) price ceiling d) both (a) and(b)

2. Consumer maximises satisfaction when price is equal to

a) average utility b) marginal utility c) total utility d) total gain

3. Rent control is an example of

a) price ceiling b) price floor c) equilibrium price d) none of the above.

4. 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.

5. Explain the implications of freedom of entry and exit of firms under monopolistic competition.

6. Define a PPF and describe the features of a normal PPF.

7. State the central problems and explain the reasons behind them.

8. ‘A fall in price of a product may or may not lead to rise in demand for a related good.’

Explain using examples.

9. ‘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.

10. A firm earns revenue of Rs. 1,500/- when the market price of the good is Rs.15/-. The market price decreases to Rs. 10/- and the revenue of the firm decreases by Rs. 1000/-. Find the price elasticity of supply.

11. State whether the following statements are true or false. Justify your answer.

a) Average cost falls only when marginal cost falls.

b) Total product falls only when marginal product falls.

c) Average product is maximum when marginal product is zero.

d) Total fixed 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 2022 Set A