CBSE Guess > Papers > Important Questions > Class XII > 2014 > Economics > Economics - by Mr. S.R. Yadav
CBSE CLASS XII
Economics
 
Time allowed : 3 hours
Maximum marks : 100
Note :
- All questions in both the sections are compulsory.
- Marks for questions are indicated against each.
- 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.
- 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.
- 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.
- 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.
- Answers should be brief and to the point and the above word limit be adhered to as for as possible.
Section - A
Q.1. Give two examples of fixed costs. 1
Q.2. If two demand curves intersect, which one has higher elasticity of demand? 1
Q.3. Will an economic problem arises when means and wants both are limited? 1
Q.4. In imperfect competition what is TR when MR=0? 1
Q.5. If a farmer grows pulses and wheat how will an increase in the price of pulses affect the supply curve of wheat? 1
Q.6. "Massive unemployment will shift the PPC to the left", defend or refute.3
Q.7. Explain the three causes of a rightward shift in the demand curve.
OR
Distinguish between extension of demand and increase in demand. Use diagrams. 3
Q.8. what is meant by the assumption other things remain constant on which the law of supply is based? 3
Q.9. Explain the 'law of diminishing marginal utility' with the help of a diagram and schedule. 3
Q.10. A 5% fall in price of a commodity leads to 10% rise in its demand. A consumer buys 40 units of the commodity at a price of Rs. 10 per unit. How many units will he buy at a price of Rs. 12 per unit? 3
Q.11. Explain four features of an oligopoly market. 4
OR
What is the implication of 'many sellers' and product differentiation' in monopolistic competition.
Submitted By : Mr. S.R. Yadav
Email : [email protected]
Mobile : 9887487358
www.growthrateeconomicsinstitute.com
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