CBSE Class 12 Economics Previous Year Question Paper 2012
This is the CBSE Class 12 Economics Previous Year Question Paper from 2012. The paper includes questions on the fundamental concepts of economics, focusing on microeconomics and macroeconomics. Students will find questions asking for definitions of microeconomics and macroeconomics, along with examples. The paper also covers the meaning of an economy and differentiates between planned and market economies. It features 1-mark questions requiring definitions and examples, 3-mark questions for explaining differences, and 4-mark questions for distinguishing between microeconomics and macroeconomics. Solving this board question paper helps students understand the exam pattern, question types, and marks distribution, crucial for effective preparation and scoring well in their board exams.
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Quick info
| Board | CBSE |
|---|---|
| Class | 12 |
| Subject | Economics |
| Session | 2012 |
| Language | English |
| Type | Previous Year Question Paper |
| Exam type | Board Exam |
Paper pattern
The paper includes 1-mark, 3-mark, and 4-mark questions, covering definitions, examples, and distinctions between economic concepts.
Topics covered
Paper topics
- Microeconomics
- Macroeconomics
- Planned Economy
- Market Economy
- Definition of Economics
- Types of Economies
Important topics
- Definition of Microeconomics
- Definition of Macroeconomics
- Difference between Microeconomics and Macroeconomics
- Planned Economy vs Market Economy
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Question paper text
Economics & its Types
1 Mark Questions
1.Define microeconomics. (Ail India 2012, 2009; Foreign 2011) or Give the meaning of microeconomics. (Delhi 2009, 2007)
Ans. Microeconomics refers to the branch of economics dealing with the economic problems or economic issues of small or individual economic units, e.g. single consumer or produce.
- Give two examples of microeconomic studies. (AN India 2012, 2009; Delhi 2009,2007)
Ans. The two examples of microeconomics are demand of a commodity and supply of a commodity.
3. Give the meaning of economy. (Delhi 2012)
or Define an economy. (All India 2011; Delhi 2010c)
Ans. An economy is a system in which and by which people get a living to satisfy their wants through the processes of production, consumption, exchange and investment.
- Define macroeconomics. (All India 2011)
Ans. Macroeconomics refers to the branch of economics, dealing with the economic problems or economic issues at the level of an economy as a whole, e.g. inflation, employment., etc.
- What is the planned economy? (Delhi 2011)
Ans. Planned economy is that in which course of economic activities is decided by some central authority or by the government.
- What is a market economy? (Delhi 2011)
Ans. Market economy is that in which economic activities are fully dependent on the role of market forces.
- Give one example each of microeconomics and macroeconomics. (Delhi 2009c)
Ans. Example of microeconomics: Theory of demand Example of macroeconomics: Aggregate demand
3 Marks Questions
- Explain the difference between a planned economy and a market economy (Delhi 2010C)
Ans. Difference between planned economy and market economy
Basis Microeconomics Macroeconomics
Meaning It studies economic issues and problems at the It studies economic issues and problems at the
level of an individual firm, an individual level of the economy as a whole.
household, etc. Concern It is basically concerned with determination of It is basically concerned with determination of
output and price for an individual firm or aggregate output and general price level in the
industry. economy as a whole.
Focus Its focus is on maximisation of individual's gain. Its focus is on maximisation of social welfare...
Scope It has narrow scope i.e. an individual person, an It has a very wide scope i.e. a country.
individual market, etc.
4 Marks Questions
- Distinguish between microeconomics and macroeconomics (All India 2010)
Ans .Difference between microeconomics and macroeconomics
Basis Microeconomics Macroeconomics
Meaning It studies economic issues and problems at the It studies economic issues and problems at the
level of an individual firm, an individual level of the economy as a whole.
household, etc. Concern It is basically concerned with determination of It is basically concerned with determination of
output and price for an individual firm or aggregate output and general price level in the
industry. economy as a whole.
Focus Its focus is on maximisation of individual's gain. Its focus is on maximisation of social welfare...
Scope It has narrow scope i.e. an individual person, an It has a very wide scope i.e. a country.
individual market, etc.
Frequently asked questions
What is this document?
This is a CBSE Class 12 Economics Previous Year Board Question Paper from 2012, designed for exam practice.
What topics are covered in this Economics question paper?
This paper covers definitions and differences related to microeconomics, macroeconomics, planned economies, and market economies.
How can solving previous year papers help?
Solving previous year question papers helps students understand the board exam pattern, question types, and marks distribution, improving their preparation and performance.
What is the structure of the 2012 Economics paper?
The 2012 Economics paper includes questions carrying 1, 3, and 4 marks, requiring definitions, explanations, and distinctions.
Is this paper useful for board exam preparation?
Yes, this 2012 CBSE Class 12 Economics Previous Year Question Paper is highly useful for students to practice and prepare effectively for their board examinations.
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