AHSEC Class 12 Economics Solved Question Paper 2017 [HS 2nd Year Assam Board Paper Solutions]

HS 2nd Year Economics Question Paper 2017 Solution under the Assam Higher Secondary Education Council (AHSEC)

Are you searching for the AHSEC Class 12 Economics Solved Question Paper 2017? Look no further! This article provides a detailed analysis and solutions to the HS 2nd Year Economics Question Paper 2017 Solution under the Assam Higher Secondary Education Council (AHSEC). For students preparing for board exams, solved papers are a crucial resource for understanding question patterns, marks distribution, and important topics.


AHSEC Class 12 Economics Solved Question Papers – HS 2nd Year Assam Board Solutions

AHSEC Class 12 Economics Solved Question Paper 2017

AHSEC Class 12 Economics Question Paper Solution 2017

Full Marks: 100

Pass Marks: 30

Time: Three Hours

PART-A

1. (a) Define Service.
Answer: A service is an intangible economic activity that satisfies human wants and needs, such as education, healthcare, or transportation.

(b) Fill in the blank:
Answer: The allocation of scarce resources and distribution of the final goods and services are the central problems of any economy.

(c) What is a demand function?
Answer: A demand function expresses the relationship between the quantity of a good demanded and its determinants, such as price, income, and preferences.

(d) What happens to total product when marginal product is zero?
Answer: When marginal product is zero, the total product reaches its maximum and stops increasing.

(e) What does a vertical supply curve imply?
Answer: A vertical supply curve implies that the quantity supplied is perfectly inelastic and does not change regardless of price changes.

(f) Why is average total cost (ATC) greater than average variable cost (AVC)?
Answer: Average total cost (ATC) is greater than average variable cost (AVC) because ATC includes both AVC and average fixed cost (AFC), and AFC is always positive.

2. State the meaning of microeconomics and macroeconomics.
Answer:

  • Microeconomics: The branch of economics that studies individual units, such as consumers, firms, and markets, focusing on how they make decisions.

  • Macroeconomics: The branch of economics that studies the economy as a whole, including aggregate measures like national income, inflation, and unemployment.

3. Why does a budget line slope downward?
Answer: A budget line slopes downward because to consume more of one good, the consumer must reduce consumption of another good, given their fixed income and prices. This reflects the trade-off between the two goods.

4. If the total utilities of 4 and 5 units of a commodity for a consumer are 56 and 60 respectively, calculate the marginal utility of the 5th unit of it for him.
Answer: Marginal utility of the 5th unit = Total utility of 5 units - Total utility of 4 units = 60 - 56 = 4 units.

5. State any two exceptions to the law of demand.
Answer:

  1. Giffen goods: Goods for which demand increases as price rises, due to the income effect outweighing the substitution effect.

  2. Prestige goods: Expensive goods like luxury cars, where higher prices may increase demand due to their status symbol.

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Download and Access Assam Board Class 12 Economics Solved Papers (2012-2024) in PDF

We have Complied AHSEC Class 12 Economics Solved Question Papers (2012-2024) in PDF format for you. You can download this PDF to enjoy an ad-free experience with clear and accurate solutions. By doing this, you also help us create more useful and high-quality content for students like you.

Benefits of Using Solved Question Papers for Assam HS 2nd Year Exams

1. Comprehensive Understanding: Step-by-step solutions help in grasping concepts better.
2. Enhanced Problem-Solving Skills: Practice papers improve analytical and numerical abilities.
3. Increased Confidence: Familiarity with previous question patterns reduces exam stress.

How to Use AHSEC Class 12 Solved Papers Effectively

1. Start with a thorough reading of the solved paper.
2. Attempt to solve questions on your own before referring to solutions.
3. Time your practice to improve speed and accuracy.
4. Revise solutions for challenging questions multiple times.

Final Tips for AHSEC Class 12 Economics Preparation

  • Focus on diagrams and their explanations in Microeconomics.
  • Practice numerical questions in Macroeconomics.
  • Prepare notes for definitions, laws, and key concepts.
  • Revise previous years’ question papers for better insight into trends.
By practicing with the HS 2nd Year Economics Solved Question Paper 2017, you can enhance your preparation and score high in your Assam Board Class 12 exams. Don’t forget to regularly revise and practice to stay ahead.

Stay connected with us on The Treasure Notes for more updates on study materials and solved papers for AHSEC examinations.

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