CBSE Class XII Economics Sample Paper 3 with answers

CBSE Economics Sample Papers for Class XII of CBSE board exams with blue print, design of paper and marking sceme/ answers for CBSE Students. Based on CBSE and CCE guidelines. The students should practice these Question Papers to gain perfection which will help him to get more marks in CBSE examination. The CBSE releases question papers every year. Some papers are released prior to the CBSE board examinations so that students can do practice.Please refer to more CBSE Class XII board question papers in other links.

Sample Question Paper – II


Class – XII

Time – 3 Hours. Maximum marks – 100


1. All questions in both the sections are compulsory.

2. Marks for questions are indicated against each.

3. Question Nos. 1-5 and 17-21 are very short-answer questions carrying 1 mark each. They are required to be answered in one sentence each.

4. Question Nos. 6-10 and 22-26 are short-answer questions carrying 3 marks each. Answer to them should not normally exceed 60 words each.

5. Question Nos. 11-13 and 27-29 are also short-answer questions carrying 4 marks each. Answer to them should not normally exceed 70 words each.

6. Question Nos. 14-16 and 30-32 are long-answer questions carrying 6 marks each. Answer to them should not normally exceed 100 words each.

7. Answer should be brief and to the point and the above word limit be adhered to as far as possible.

Section A

1. What causes an upward movement along a demand curve of a commodity ? (1)

2. What is the price elasticity of supply of a commodity whose straight line supply curve passes through the origin forming an angle of 75°? (1)

3. What change will take place in marginal product, when total product increases at a diminishing rate? (1)

4. Give the meaning of marginal cost. (1)

5. Give the meaning of ‘oligopoly’. (1)

6. Explain the inverse relationship between the price of a commodity and its demand.

7. State the ‘law of supply’. What is meant by the assumption ‘other things remaining the same’ on which the law is based? (3)

8. The price elasticity of supply of good X is half the price elasticity of supply of Good Y. A 10% rise in the price of good Y results in a rise in its supply from 400 units to 520 units. Calculate the percentage change in quantity supplied of good X when its price falls from Rs 10 to Rs 8 per unit. (3)

9. State the distinction between explicit cost and implicit cost. Give an example of each. (3)

10. Explain the implication of ‘product differentiation’ feature of monopolistic competition.


Explain the implication of ‘homogenous product’ feature of perfect competition. (3)

11. Explain the effect of a rise in the prices of ‘related goods’ on the demand for a good X. (4)

12. Explain the concept of opportunity cost with the help of an example.

Please refer to the attached file for CBSE Class XII Economics Sample Paper 3 with answers

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