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CBSE (Commerce) Class 12 - CBSE Important Questions for Economics

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Economics
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State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour

Appears in 23 question papers
Chapter: [0.03] Producer Behaviour and Supply
Concept: Law of Variable Proportions

Explain the conditions of consumer’s equilibrium using indifference curve analysis.

Appears in 17 question papers
Chapter: [0.02] Consumer Equilibrium and Demand
Concept: Indifference Curve

Explain "Banker to the Government" function of the Central Bank.

Appears in 17 question papers
Chapter: [0.03] Money and Banking
Concept: Central Bank Function - Goverment Bank

What is government budget?

Appears in 17 question papers
Chapter: [0.05] Government Budget and the Economy
Concept: Meaning of Government Budget

Explain the three properties of the indifference curves.

Appears in 15 question papers
Chapter: [0.02] Consumer Equilibrium and Demand
Concept: Indifference Curve

Explain the 'standard of deferred payment' function of money. How has it solved the related problem created by barter?

Appears in 14 question papers
Chapter: [0.03] Money and Banking
Concept: Standard of Deferred Payment

Answer the following question.
Explain the central problem for whom to produce.

Appears in 13 question papers
Chapter: [0.01] Introduction
Concept: Central Problems of an Economy

Explain the ‘store of value’ function of money. How has solved the related problem created by barter?

Appears in 13 question papers
Chapter: [0.03] Money and Banking
Concept: Money - Store of Value

Explain bankers bank function of a Central bank.

Appears in 13 question papers
Chapter: [0.03] Money and Banking
Concept: Central Bank Function - Banker's Bank

What is maximum price ceiling? Explain its implications.

Appears in 13 question papers
Chapter: [0.04] Forms of Market and Price Determination
Concept: Price Ceiling

A consumer consumes only two goods. Explain consumer's equilibrium with the help of utility analysis.

Appears in 12 question papers
Chapter: [0.02] Consumer Equilibrium and Demand
Concept: Conditions of Consumer's Equilibrium Using Marginal Utility Analysis

Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.

Appears in 12 question papers
Chapter: [0.04] Determination of Income and Employment
Concept: Concept of Aggregate Demand and Aggregate Supply

Define fiscal deficit

Appears in 11 question papers
Chapter: [0.05] Government Budget and the Economy
Concept: Measures of Government Deficit Or Surpluses

Answer the following question.
Explain the role of government budget in influencing the allocation of resources.

Appears in 11 question papers
Chapter: [0.05] Government Budget and the Economy
Concept: Government Budget - Allocation of Resources

What is aggregate demand?

Appears in 10 question papers
Chapter: [0.04] Determination of Income and Employment
Concept: Concept of Aggregate Demand and Aggregate Supply

What is meant by inflationary gap?

Appears in 10 question papers
Chapter: [0.04] Determination of Income and Employment
Concept: Concept of Aggregate Demand and Aggregate Supply

What is primary deficit?

Appears in 10 question papers
Chapter: [0.05] Government Budget and the Economy
Concept: Deficit Budget - Primary Deficit

Define externalities. Give an example of negative externality. What is its impact on welfare?

Appears in 9 question papers
Chapter: [0.02] National Income and Related Aggregates
Concept: GDP and Welfare

Define an indifference curve.

Appears in 9 question papers
Chapter: [0.02] Consumer Equilibrium and Demand
Concept: Indifference Curve

The measure of price elasticity of demand of a normal good carries minus sign while price elasticity of supply carries plus sign. Explain why?

Appears in 9 question papers
Chapter: [0.02] Consumer Equilibrium and Demand
Concept: Elasticity of Demand
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