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CBSE XII Pre Boards III 2014 : ECONOMICS with Answers (KV Chennai)

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Kendriya Vidyalaya KV IIT Chennai
Kendriya Vidyalaya (KV), IIT Chennai

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KENDRIYA VIDYALAYA SANGATHAN, CHENNAI REGION CLASS-XII COMMON PRE BOARD EXAMINATION- 2013-14 Subject: ECONOMICS Time Allotted: 3 hours Maximum Marks: 100 General Instructions: 1. All questions in both the sections are compulsory. 2. Marks for questions are indicated against each. 3. Questions No.1-5 and 17-21 are very short answer questions carrying one mark each. They are required to be answered in one sentence each. 4. Questions No.6-10 and 22-26 are short answer questions carrying three marks each. Answers to them should normally not exceed 60 words each. 5. Questions No.11-13 and 27-29 are also short answer questions carrying 4 marks each. Answer to them should normally not exceed 70 words each. 6. Questions No.14-16 and 30-32 are long answer questions carrying 6 marks each. Answer to them should normally not exceed 100 words each. 7. Question Nos.11 and 19 are value based questions. 8. Answers should be brief and to the point and the above word limits should be adhered to as far as possible. SECTION - A 1. Define revenue. 1 2. What is demand schedule? 1 3. Define budget set. 1 4. Give meaning for marginal cost. 1 5. What is meant by Oligopoly. 1 6. Explain the properties of Indifference curve. 3 7. Explain Law of Supply. 3 8. The price elasticity of demand of a good is (-1). At a given price the consumer buys 60 units of the good. How many units the consumer will buy if price falls by 10%. 3 9. Distinguish between explicit cost and implicit cost Give examples for each. 3

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Additional Info : CBSE Class XII Pre Board III Solved Question Paper 2014 Economics
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