State one example of positive economics.
Class 12 · Economics · CBSE Board · 2018
Class 12 Economics 2018 Board Exam
24 questions from the 2018 Class 12 exam, combined from all 3 question paper sets (Set 1–3) with duplicates removed.
24questions
3exam sets
9chapters covered
1 / 3 / 4 / 6mark values
Questions from the 2018 exam first 10 of 24 — free
Explain the central problem of ''for whom to produce''.
OR
Explain the central problem of ''choice of technique''.
What is meant by inelastic demand ? Compare it with perfectly inelastic demand.
Given the price of a good, how will a consumer decide as to how much quantity to buy of that good ? Explain.
OR
What is Indifference Curve ? State three properties of indifference curves.
Explain the conditions of consumer's equilibrium using Indifference Curve Analysis.
Define fixed cost.
When the Average Product (AP) is maximum, the Marginal Product (MP) is : (Choose the correct alternative)
(a) Equal to AP
(b) Less than AP
(c) More than AP
(d) Can be any one of the above
When the total fixed cost of producing 100 units is ₹ 30 and the average variable cost ₹ 3, total cost is : (Choose the correct alternative)
(a) ₹ 3
(b) ₹ 30
(c) ₹ 270
(d) ₹ 330
When the price of a commodity changes from ₹ 4 per unit to ₹ 5 per unit, its market supply rises from 100 units to 120 units. Calculate the price elasticity of supply. Is supply elastic ? Give reason.
Explain the conditions of producer's equilibrium in terms of marginal revenue and marginal cost.
Chapters covered in the 2018 exam
Introduction to Microeconomics
2 questions in 2018
Consumer's Equilibrium and Demand
3 questions in 2018
Producer Behaviour and Supply
5 questions in 2018
Forms of Market and Price Determination
2 questions in 2018
National Income and Related Aggregates
3 questions in 2018
Money and Banking
3 questions in 2018
Determination of Income and Employment
4 questions in 2018
Government Budget and the Economy
1 question in 2018
Balance of Payments
1 question in 2018
About the 2018 Class 12 Economics paper
CBSE conducted the 2018 Class 12 Economics board exam in 3 question paper sets — students in different regions received different sets of the same exam. This page combines every set and removes repeated questions, giving you all 24 unique questions actually asked that year. The 2018 questions drew from 9 chapters of the syllabus.