CBSE Class 12 Economics Sample Papers 2013 (10)

CBSE Economics Sample Paper for Class 12 CBSE exams for CBSE Students. Based on CBSE and CCE guidelines. The students should practice these Question Papers to gain perfection which will help him to get more marks in CBSE examination. Please refer to more CBSE Class 12 question papers in other links. The CBSE Question papers are of past examinations. Its always recommended by CBSE to practice the papers released by CBSE to get better exams in CBSE exams. CBSE Last Year Question Papers for class 12 for final/ term/ SA1/ SA2 Examinations conducted by Central Board of Secondary Education for all CBSE affiliated schools in India and abroad. 

Instructions:

1. All questions in both the sections are compulsory.

2. Marks for questions are indicated against each.

3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are required to be answered in one sentence each.

4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them should not normally exceed 60 words each.

5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to them should not normally exceed 70 words each.

6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them should not normally exceed 100 words each.

7. Question Nos. 11 and 19 are value based questions.

8. Answer should be brief and to the point and the above word limit be adhered to as far as possible.

SECTION-A

1. State two features of resources that give rise to an economic problem. 

2. What happens to total expenditure on a commodity when its price falls and its demand is price elastic? 

3. What happens to equilibrium price of a commodity if there is an ‘increase’ in its demand and ‘decrease’ in its supply? 

4. Give the meaning of equilibrium market price of a good. 

5. What is meant by cost in economics? 

6. State any three factors that can cause an ‘increase’ in demand of a commodity. 

7. Will the supply at a point on a positively sloped, straight line supply curve be unitary elastic, elastic or inelastic? 

8. Explain why is production possibility frontier concave.

9. How does the nature of a commodity influence its price elasticity of demand? Explain. 

10. Calculate the price elasticity of demand for a commodity when its price increases by 25% and quantity demanded falls from 150 units to 120 units. 

11. Demand for electricity Has “increased”. However supply cannot be increased due to lack of resources. Explain how, in any two ways, demand for electricity can be “decreased”. 

12. Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output:

     (i) at the same price.

     (ii) only by lowering the price.

13. Explain the implications of the following features of perfect competition:

      (a) large number of buyers and sellers

      (b) freedom of entry and exit to firms

 

Please refer to attached file for CBSE Class 12 Economics Sample Papers 2013 (10)

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