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

1.

Give two examples of fixed costs.

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2.

Define marginal cost.

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3.

When is the demand for a good said to be inelastic?

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4.

Given the meaning of market demand.

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5.

Under which market form a firm’s marginal revenue is always equal to price?


Under Perfect Competition, marginal revenue is always equal to price.

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6.

Explain the difference between an inferior good and a normal good.

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7.

Explain the law of diminishing marginal utility with the help of a total utility schedule.

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8.

Explain the condition of consumer’s equilibrium with the help of utility analysis. 

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9.

When the price of a good rises from Rs 20 per unit to Rs 30 per unit, the revenue of the firm producing this good rises from Rs 100 to Rs 300. Calculate the price elasticity of supply. 

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10. Complete the following table:

Units of labour Average Product (Units) Marginal Product (Units)
1 8 -
2 10 -
3 - 10
4 9 -
5 - 4
6 7 -
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