CBSE Class 12 Economics Question Paper 2022 Set A Solved

Access and download CBSE Class 12 Economics Question Paper 2022 Set A 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 A Solved to begin your self-assessment today.

Economics Class 12 Question Paper PDF with Solutions

SECTION: A
 
1 A firm is operating with a Total Variable Cost of 2000 when 5 units of the given output are produced and the Total Fixed Costs are 800, what will be the Average Total Cost of producing 5 units of output?
a) 560
b) 520
c) 400
d) 500
 
2 As the consumer has more units of a commodity, his total utility from the commodity :
a) Increase less than in proportion and then falls
b) Increase less than in proportion, reaches a maximum and then falls
c) Increase more than in proportion and then falls
d) Falls, becomes zero and then negative.
 
3 How is law of demand expressed functionally?
a) Dx = f (Px), ceteris paribus
b) Dx = f (Pz), ceteris paribus
c) Dx = f (Y), ceteris paribus
d) Dx = f (T), ceteris paribus
 
4 When Average Revenue passes through minimum point of Average variable cost, it is called:
a) Breakeven point
b) Shutdown point
c) Normal profit points
d) Super normal profit points
 
5 Explain the law of diminishing marginal utility with the help of a total utility schedule.
OR
Explain the conditions of consumer’s equilibrium with the help of utility analysis.
 
6 When the Price of a good rises from 40 per unit to 60 per unit, the revenue of the firm producing this good rises from 200 to 600. Calculate the price elasticity of supply.
 
7 Giving reason state whether the following statements are true or false.
a) Equilibrium between demand and supply helps in determining prevailing price of the product.
b) Equilibrium price will not change if decrease in demand meets with proportionate decrease in supply.
 
8 How does a change in supply influence the equilibrium price?
OR
How does a decrease in demand influence the equilibrium price?
 
9 Production in an economy is below its potential due to unemployment. Government starts employment generation schemes. Explain its effect using production possibilities curve.
 
10 Distinguish between change in quantity supplied and change in supply with a graph.
 
11 Suppose the demand and supply curves of salt are given by:
Qd = 1000 – p
Qs = 700 +2p
a) Find the equilibrium price and quantity
b) Now suppose that price of an input used to produce has increase so that the new supply curve is Qs=400+2p. How does the equilibrium price and quantity change?
c) Suppose the government is imposed a tax of 3 per unit on sale of salt. How does it affect the equilibrium price and quantity?
OR
Suppose the value of demand and supply curves of a Commodity-X is given by the following two equations simultaneously:
Qd = 200 –10p, Qs = 50 + 15p
 
i. Find the equilibrium price and equilibrium quantity of commodity X.
ii. Suppose that the price of a factor inputs used in producing the commodity has changed, resulting in the new supply curve given by the equation Qs’ = 100 + 15p
Analyse the new equilibrium price and new equilibrium quantity as against the original equilibrium price and equilibrium quantity.
 
12 a) Why is Total Variable Cost curve inverse S- shaped?
b) What is Average Fixed Cost of a firm? Why is an Average Fixed Cost Curve a rectangular Hyperbola? Explain with help of a diagram.
 
SECTION: B
 
13 Current transactions are of _____________ nature.
a) Stock
b) Flow
c) Both flow and stock
d) None of the above
 
14 State one fiscal measure that can be used to reduce the gap between rich and poor. 
 
15 Revenue expenditure may be on:
a) Interest expenditure
b) Subsidies
c) Non-interest expenditure
d) All of the above
 
16 If disposable income is Rs 500 and saving is Rs 100 find Average Propensity to consume.
a) 80%
b) 20%
c) 50%
d) 10%


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CBSE Class 12 Economics Question Paper 2022 Set A 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 A 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.

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Regularly practicing CBSE Class 12 Economics Question Paper 2022 Set A 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.

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