Download CBSE Class 12 Economics Question Papers
Explore authentic exam materials through the CBSE Class 12 Economics Question Paper 2019 Set 07 Solved. 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 Solved 2019 Set G. 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
(MICROECONOMICS)
1. In the given figure X1Y1 and X2Y2 are Production Possibility Curves in two different periods T1 and T2 respectively for Good X and Good Y. A1 and A2 represent actual outputs and P1 and P2 represent potential outputs respectively in the two time periods.
The change in actual output of Goods X and Y over the two periods would be represented by movement from _________ . (Fill up the blank)
(a) A2 to P2 (b) A1 to P2
(c) P1 to A2 (d) A1 to A2
OR
The Marginal Rate of Transformation (MRT) is constant. The Production Possibility Curve, so formed, would be __________________ to the origin. (Fill up the blank)
2. If the supply curve is a straight line parallel to the vertical axis (Y-axis), supply of the good is called as _________. (Fill up the blank)
(a) Unitary Elastic Supply
(b) Perfectly Elastic Supply
(c) Perfectly Inelastic Supply
(d) Perfectly Elastic Demand
3. Under imperfect competition, Average Revenue (AR) remains _________ Marginal Revenue (MR). (Fill up the blank)
OR
‘‘For a firm to be in equilibrium, Marginal Revenue (MR) and Marginal Cost (MC) must be _________ and beyond that level of output Marginal Cost must be _________.’’ (Fill up the blank)
4. The Total Revenue earned by selling 20 units is Rs. 700. Marginal Revenue earned by selling 21st unit isRs.70 . The value of Total Revenue earned by selling total 21 units will be ____________. (Choose the correct alternative)
(a) Rs. 721 (b)Rs.630
(c) Rs. 770 (d) Rs. 720
5. Explain the law of diminishing marginal utility, with the help of a hypothetical schedule.
OR
Elaborate the law of demand, with the help of a hypothetical schedule.
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Practice Exam Question Papers for Class 12 Economics CBSE Class 12 Economics Question Paper 2019 Set 07 Solved
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FAQs
The CBSE Class 12 Economics Question Paper 2019 Set 07 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.
Yes, the solutions for CBSE Class 12 Economics Question Paper 2019 Set 07 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.
Solving previous year papers like CBSE Class 12 Economics Question Paper 2019 Set 07 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.
Yes, where applicable, CBSE Class 12 Economics Question Paper 2019 Set 07 Solved 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 2019 Set 07 Solved, are provided free of charge in mobile-friendly PDF.