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Geography
CHIRANJIV BHARATI SCHOOL, PALAM VIHAR
SESSION 2013-14
WORKSHEET ON INTRODUCTION
SUBJECT: ECONOMICS CLASS: XII
Previous years (past 3 years) questions
1 Mark Questions
Q1: Give meaning of micro economics.
Q2: What is opportunity cost?
Q3: Define an Economy.
Q4 What is market economy?
Q5: What is a planned economy?
Q6: Give two examples of Micro economic studies.
Q7: Define macro economics.
Q8 How is production possibility curve affected by unemployment in the economy? Explain.
Q9: explain how a production possibility curve is affected when resources are inefficiently employed in the economy?
3/4 Marks Question
Q10: Explain the problem of ‘What to Produce’.
Q11: Explain the problem of ‘How to Produce’.
Q12 Why do problems related to allocation of resources arise in the economy?
Q13: Explain the problem of ‘What to Produce’.
Q14: Explain the problem of ‘For whom to produce’.
Q16: Explain any two main features of centrally planned economy.
Q17: Distinguish between micro economics and macro economics. Give examples.
Q18: Giving suitable examples, explain the meaning of micro economics and macro economics.
Q19: Distinguish between Micro economics and Macro economics. Give examples.
Q20: Why is Production possibility curve concave? Explain.
Q21 Why does an economic problem arise? Explain.
HOT (High Order Thinking Skill Questions)
1 Mark Questions
Q1: Define Scarcity.
Q2 Study of primary sector is a part of micro economics or macro economics?
Q3 Give two examples of normative economics.
Q4 Define Positive economics.
3/4 marks questions
Q1: Even when resources are fully employed, economy may not operate on PPC. True or false?
Q2: Explain the shape of PPC.
Q3: Explain central problems of an economy. Why are they called so?
Q4: Scarcity is the mother of all economic problems. Do you agree? Justify.

CHIRANIJIV BHARATI SCHOOL, PALAM VIHAR
SESSION 2013-14
ECONOMICS CLASS XII
WORKSHEET ON CONSUMER BEHAVIOR
Previous years (past

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