CBSE 12th Board Sample Paper III Economics

 Central Board of Secondary Education (CBSE)

Sample Paper – 2012
Class – XII
Subject – Economics


1. Describe the likely behavior total product and marginal product when for increasing production only one inkpot is increased while all other inputs are kept constant.

  1. What is difference between an inferior good and a normal good? Define the effect of change in income on each giving suitable examples.
  2. What do you mean by consumer’s equilibrium? Define the conditions of consumer’s equilibrium assuming that the consumer consumes only two goods.
  3. A consumer buys 100 units of a good at a price of Rs. 5 per unit. When price changes he buys 140 units. What is the price if price elasticity of demand is – 2?
  4. What is increasing returns to a factor and increasing returns to scale? Explain with suitable reason.


5. Draw a suitable diagram and show the following diagram on it.

  1. Economic growth
  2. Under utilization of resources.
  3. Full employment of resources
  1. What is the causes of shift in a demand?
  2. Write the explanation about law of demand? Explain with the help of a demand schedule.
  3. Calculate the price elasticity of demand for a commodity when its price increases by 25% and quantity demands falls from 150 units to 120 units.
  4. How does the nature of a commodity influence its price elasticity of demand?
  5. How can be differentiated  between macro economics and Micro?
  6. Write the definition of saturation point.
  7. What is AP falls? What is relation between AP and MP?
  8. A rise in the price of a good result in an increase in expenditure on it. Is its demand elastic and inelastic?
  9. How can we define change in demand? Explain.
  10. What is the solution of an economic problem?
Sample Paper / model Test Paper for CBSE 12th 2012
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