CBSE Class 12 Economics Question Paper Foreign with answers 2017 Set 03

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CBSE Class 12 Economics Question Paper Foreign with answers 2017 (3). Students can download the last year 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.

ECONOMICS

SECTION A
1. A firm is not a price maker under
(a) oligopoly
(b) monopolistic competition
(c) monopoly
(d) perfect competition
 
2. The expenditure on a good would change in the opposite direction as the
price changes only when demand is
(a) elastic
(b) inelastic
(c) perfectly inelastic
(d) unitary elastic
 
3. There are only a few sellers under
(a) Perfect competition
(b) Monopolistic competition
(c) Monopoly
(d) Oligopoly
 
4.When marginal utility is zero, total utility is
(a) zero
(b) minimum
(c) maximum
(d) negative
 
5. Why is a Production Possibility Curve concave to the origin ? Explain.
                                   OR
6.  Why does an economic problem arise ? Explain
 
7. Give any three factors that can cause a rightward shift of demand curve.
 
8. Explain the meaning of opportunity cost with the help of an example.
 
9. Explain the meaning of marginal rate of substitution. Why does it diminish as one good is substituted for the other ?   Explain.
                                  OR
Explain the meaning of budget line. What can cause a change in it ? Explain.
 
10. State the relation between marginal product and average product. Show this relation in a diagram.

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Past Exam Papers & Solutions for Class 12 Economics

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FAQs

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The CBSE Class 12 Economics Question Paper Foreign with answers 2017 Set 03 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 Foreign with answers 2017 Set 03 based on the official CBSE marking scheme?

Yes, the solutions for CBSE Class 12 Economics Question Paper Foreign with answers 2017 Set 03 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 Foreign with answers 2017 Set 03 help in preparing for the 2026 exams?

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Can I access CBSE Class 12 Economics Question Paper Foreign with answers 2017 Set 03 in different languages?

Yes, where applicable, CBSE Class 12 Economics Question Paper Foreign with answers 2017 Set 03 is available in both English and Hindi mediums. All students from Class 12 can access Economics study material in their preferred language.

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