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CBSE Question Paper 2005 class 12 Economics

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CBSE Question Paper 2005 class 12 Economics conducted by Central Board of Secondary Education, New Delhi in the month of March 2005. CBSE previous year question papers with solution are available in myCBSEguide mobile app and cbse guide website. The Best CBSE App for students and teachers is myCBSEguide which provides complete study material and practice papers to cbse schools in India and abroad.

CBSE Question Paper 2005 class 12 Economics

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CBSE Question Paper 2005 class 12 Economics

Class 12 Economics list of chapters

Part-1 (Macro)

  1. Introduction
  2. National income accounting
  3. Money and Banking
  4. Income Determination
  5. The Government Budget and Economy
  6. Open Economy Macroeconomics

Part-2 (Micro)

  1. Introduction
  2. Theory of consumer behaviour
  3. Production and Costs
  4. Theory of the Firm Under Perfect Competition
  5. Market Equilibrium
  6. Non Competitive Markets

CBSE Question Paper 2005 class 12 Economics

General Instructions:

  • All questions in both the sections are compulsory.
  • Marks for questions are indicated against each.
  • Question Nos. 1 and 13 are very short answer questions carrying 1 mark for each part. They are required to be answered in o sentence each.
  • Question Nos. 2-5 and 14- I7 are short answer questions carrying 3 marks each. Answer to them should not normally exceed 60 words each.
  • Question Nos. 6-9 and 18-21 are also short answer questions carrying 4 marks each. Answer to them should not normally exceed 70 words each.
  • Question Nos. 10-12 dad 19-24 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 words each.
  • Answers should be brief and to the point and the above word limits be adhered to as far as possible.
  • All of the question should be answered at one place.


Q1. Answer the following questions:

a) Define market supply.

b) What is meant by producer’s equilibrium’

c) Define marginal physical product

d) Define equilibrium price.

Q2. State any three causer of a rig shift of demand curve of a commodity.

Q3. State the geometric method of measuring price elasticity of supply (In case of straight supply curve).

Q4. What is the relation between marginal cost and average variable coat?

Q5. State three main features of perfect competition.

Q6. Complete the following table:

Out (Units)

Price (Rs.)

Total Revenue

Marginal Revenue (Rs.)









Q7. Distinguish between ‘change in supply’ and ‘change in quantity supplied’ of a commodity. (Use diagrams)


Explain any two determinants of supply of a commodity.

Q8. Explain the problem of ‘what to produce’ with the help of an example.

Q9. The quantity demanded PF a commodity at a price of Rs. 8 per unit is 600 units. Its price falls by 25 per cent and quantity demanded rises by 120 units. Calculate its price elasticity of demand. Is its demand elastic? Give reason for your answer.

Q10. Explain consumer’s equilibrium, in case of a single commodity, with the help of a utility schedule.


How is the demand of a commodity affected by changes in the price of related goods? Explain with the help of diagrams.

Q11. Explain the law of variable proportion with the help of total and marginal physical product curves.

Q12. How does an increase in demand of a commodity affect its equilibrium price and equilibrium quantity? Explain with the help of a diagram.


Q13. Answer the following questions:

a) Why is repayment of loan a capital expenditure?

b) Define macroeconomics.

c) What is meant by balance of trade?

d) Give two examples of microeconomic studies.

Q14. From the following data about firm ‘X’, calculate gross value added at factor cost by it:

Rs. (in thousand)

(I) Sales


(ii) Opening stock


(iii) Closing stock


(iv) Purchase of Intermediate produce


(v) Purchase of machinery


(vi) Subsidy


Q15. Explain the meaning of deflationary gap with the help of a diagram.

Q16. What is meant by revenue deficit? What are its implications?

Q17. Complete the following table:

Level of Income (Rs.)

Consumption expenditure

Marginal Propensity to consumer

Marginal Propensity to save









Q18. State the main functions of a central bank.

Q19. What is meant by visible and invisible Items in the Balance of Payments account? Give two examples of invisible items.


What is meant by foreign exchange rate? Give three reasons why people de- sire to have foreign exchange.

Q20. Explain any two functions of a commercial bank.

Q21. Distinguish between:

a) Revenue receipts and capital receipts.

b) Direct tax and Indirect tax.

Q22. From the following data, calculate:

(a) Personal disposable income and

(b) National income

Rs. (Income)

a) Private income


b) Compensation of employees


c) Mixed income of self employed


d) Net factor income from abroad


e) Net retained earnings of private enterprises


f) Rent


g) Profit


h) Consumption of fixed capital


i) Direct taxes paid by households


j) Corporate tax


k) Net indirect taxes


l) Net exports

(-) 70

m) Interest


Q23. Explain the working of investment multiplier with the help of a numerical example.


In an economy planned savings exceed planned investment. How will the equality between the two be achieved? Explain.

Q24. Distinguish between the following giving suitable examples in support of your answer:

(a) Domestic product and national product

(b) Intermediate product and final product

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Last Year Question Paper Class 12 Economics 2005

Download class 12 Economics question paper with solution from best CBSE App the myCBSEguide. CBSE class 12 Economics question paper 2005 in PDF format with solution will help you to understand the latest question paper pattern and marking scheme of the CBSE board examination. You will get to know the difficulty level of the question paper.

Previous Year Question Paper for class 12 in PDF

CBSE question papers 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 209, 2008, 2007, 2006, 2005 and so on for all the subjects are available under this download link. Practicing real question paper certainly helps students to get confidence and improve performance in weak areas.

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