Subject

Economics

Class

CBSE Class 12

Pre Boards

Practice to excel and get familiar with the paper pattern and the type of questions. Check you answers with answer keys provided.

Sample Papers

Download the PDF Sample Papers Free for off line practice and view the Solutions online.
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 Multiple Choice QuestionsShort Answer Type

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1.

Give meaning of an Economy.


Economy is the system of trade and industry by which the wealth of a country is made and used. It is a system which provides the people of society to earn a living.

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2.

What is market Demand?

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3.

What is the behaviour of average fixed cost as output increases?

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4.

What is the behaviour of average revenue in a market in which a firm can sell more only by lowering the price?

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5.

What is a price taker firm?

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6.

What is opportunity cost? Explain with the help of a numerical example.

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7.

Given price of a goods, how does a consumer decide as to how much of the good to buy?

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8.

Draw Average Variable Cost, Average Total Cost ad Marginal Cost curves in a single diagram.

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9.

An individual is both the owner and the manager of a shop taken on rent. Identify implicit cost and explicit cost from this information. Explain.

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10.

Explain the implication of large number of buyers in a perfectly competitive market.

 

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