CBSE Class 12 Economics Question Paper 2022 Set 03 Solved

Access and download CBSE Class 12 Economics Question Paper 2022 Set 03 Solved, carefully designed as per the latest 2025-26 examination guidelines issued by CBSE, NCERT, and KVS. These Class 12 Economics previous year question papers include detailed solutions, helping students to assess their performance and identify and improve key areas before the final exams.

Solved Economics Question Papers for Class 12

Practicing these Class 12 Economics question papers is the best way to understand the actual exam pattern and marking scheme. By solving these papers under timed conditions, Class 12 students can improve their speed and accuracy. Download the full CBSE Class 12 Economics Question Paper 2022 Set 03 Solved to begin your self-assessment today.

Economics Class 12 Question Paper PDF with Solutions

Section A: Introductory Microeconomics
 
1. A firm has a variable cost of ₹1, 000 at five units of output. If fixed costs are ₹400, what will be the average total cost at five units of output? (Choose the correct alternative)
(a) ₹280
(b) ₹80
(c) ₹200
(d) ₹1400
 
2. Why is a perfectively competitive firm called a ‘price taker’?
OR
Why is a monopoly firm called a ‘price maker’?
 
3. What happens to marginal product when total product increases at diminishing rate? 
 
4. What are explicit costs?
OR
Define marginal cost
 
5. State the law of diminishing marginal utility. Give the relationship between total utility and marginal utility as units consumed increases?
 
6. Are the following statements ‘true’ or ‘false’? give reasons
(a) At a higher price than equilibrium price there is excess demand.
(b) If both demand and supply increase simultaneously in same proportion, equilibrium price will also increase.
(c) Price floor the minimum allowable price above equilibrium price.
 
7. ‘As the price of a good falls, the resulting increased purchasing power may be a reason for increase in quantity demanded’. Do you agree with the given statement? Give reason for your answer.
 
8. Elaborate the ‘freedom of entry and exit’ feature of perfect competition.
OR
What are selling costs? How are selling costs useful for a monopolistic competition market?
 
9. Explain how changes in prices of other products influence the supply of a given product.
OR
Explain how changes in prices of inputs influence the supply of a product.
 
10. Giving reason, identify the equilibrium level of output and find profit at each unit of output using marginal cost and marginal revenue approach from the following data.

CBSE Class 12 Economics Question Paper 2022 Set C Solved 1

11. The market for a commodity X is in equilibrium. The price of its inputs fall. Explain with the help of a diagram its chain of effects on equilibrium price and equilibrium quantity exchanged.
OR
What is meant by ‘price ceiling’? Explain the consequences of price ceiling. (Use diagram)
 
12. Explain the following degrees of price elasticity of demand with the help of an example and suitable diagrams.
(a) Inelastic demand
(b) Highly elastic demand
 
Section B: Introductory Macroeconomics
 
13. Define capital goods. 
 
14. Define average propensity to consume. 
 
15. What is cash reserve ratio?
OR
What is statutory liquidity ratio?
 
16. Consumption at zero level of income is called. (Choose the correct alternative)
(a) Consumption function
(b) Induced consumption
(c) Proposed consumption
(d) Autonomous consumption
 
17. Explain the ‘banker’s bank and supervisor’ function of the central bank. 
 
18. Distinguish between factor payment and transfer payment.
OR
What is meant by problem of double counting? How this problem can be avoided?
 
19. What do you mean by credit/money creation? Explain the process of money creation by the commercial banks with the help of a numerical example.
 
20. Discuss briefly, the circular flow of income in a two sector economy with the help of a suitable diagram.
 
21. In an economy the marginal propensity to consume is 0.75. Investment expenditure in the economy increases by ₹75crore. Calculate the value of multiplier total increase in national income.
OR
An economy is in equilibrium. Its consumption function is C=300 +0.8Y and investment expenditure is ₹700 crores. Find national income and consumption expenditure at equilibrium.
 
22. Calculate gross national product at market price from the following data:

CBSE Class 12 Economics Question Paper 2022 Set C Solved 2

23. Explain the determination of equilibrium level of income in the economy using Savings-Investment approach. What adjustments will be made if the economy is not at equilibrium? (Use diagram)
 
24. Explain the meaning of ‘deficient demand’ using a diagram. What monetary policy measures are suggested to remedy the situation of deficient demand?
OR
Explain the meaning of ‘excess demand’ using a diagram. What fiscal policy measures are suggested to remedy the situation of excess demand?


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CBSE Class 12 Economics Question Paper 2022 Set 03 Solved

To understand the types of questions asked in past examinations, it is very important for Class 12 students to solve the CBSE Class 12 Economics Question Paper 2022 Set 03 Solved provided above. You can easily download these past papers for Class 12 Economics in PDF format for the last 10 years. By practicing these actual exam questions you will gain an understanding of the difficulty level and the variety of topics covered over the years. By solving these Previous Year Papers (PYPs) you will understand both descriptive and MCQ questions in your final tests.

Importance of solving CBSE Class 12 Economics Question Paper 2022 Set 03 Solved

Regularly practicing CBSE Class 12 Economics Question Paper 2022 Set 03 Solved is the best way to improve your score in Class 12 Economics. These papers will give you details of the marking scheme and the paper structure used by the CBSE. By regularly attempting these under actual exam conditions at home, you can slowly improve your time management skills, which will help you to complete your Economics paper within the allowed duration.

Benefits of downloading CBSE Class 12 Question Papers

Having the CBSE Class 12 Economics Question Paper 2022 Set 03 Solved in PDF format allows you to revise key concepts anywhere, even without an internet connection. These sets are a reliable tool to practice numerical problems and understand the correct approach to all types of answers. After solving the questions, you should compare your work with the solutions provided by our teachers. Along with these papers, students should always solve the Class 12 Economics Sample Papers and MCQ tests on studiestoday.com for a complete revision.

Where can I download the official PDF for CBSE Class 12 Economics Question Paper 2022 Set 03 Solved?

The CBSE Class 12 Economics Question Paper 2022 Set 03 Solved 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.

Are the solutions for CBSE Class 12 Economics Question Paper 2022 Set 03 Solved based on the official CBSE marking scheme?

Yes, the solutions for CBSE Class 12 Economics Question Paper 2022 Set 03 Solved 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.

How does solving CBSE Class 12 Economics Question Paper 2022 Set 03 Solved help in preparing for the 2026 exams?

Solving previous year papers like CBSE Class 12 Economics Question Paper 2022 Set 03 Solved is important to understand repeat themes and question difficulty levels of Economics. It helps Class 12 students to test their time management skills too.

Can I access CBSE Class 12 Economics Question Paper 2022 Set 03 Solved in different languages?

Yes, where applicable, CBSE Class 12 Economics Question Paper 2022 Set 03 Solved is available in both English and Hindi mediums. All students from Class 12 can access Economics study material in their preferred language.

Is there a charge to download the CBSE Class 12 Economics solved papers?

No, all previous year question papers on StudiesToday, including CBSE Class 12 Economics Question Paper 2022 Set 03 Solved, are provided free of charge in mobile-friendly PDF.