AHSEC Class 12 Economics Solved Question Paper 2020 [HS 2nd Year Assam Board Paper Solutions]

Are you searching for the AHSEC Class 12 Economics Solved Question Paper 2020? Look no further! This article provides a detailed analysis and solutions to the HS 2nd Year Economics Question Paper 2020 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 Paper 2020

AHSEC Class 12 Economics Question Paper 2020

FULL MARKS -100

The figures in the margin indicate full marks for the questions

PART – A

1. (a) What does a Production Possibility Curve indicate?
Answer: A Production Possibility Curve (PPC) indicates the maximum combination of two goods that an economy can produce with its available resources and technology, assuming efficient utilization of resources.

(b) If an increase in the price of good X increases the demand for good Y, then how are the two goods related?
Answer: The two goods are substitutes.

(c) Total Variable Cost (TVC) will be _______, when total product is zero. (Fill in the blank)
Answer: Total Variable Cost (TVC) will be zero when total product is zero.

(d) A firm earns normal profit when –

1) AR > AC.

 2) AR = AC.

 3) AR < AC. 

4) MR = MC. (Choose the correct answer)

Answer: 2) AR = AC.

(e) In a centrally planned economy, which of the following takes all economic decisions?
1) Central Bank.

 2) Market. 

3) Government.

 4) Both Government and Central Bank.

Answer: 3) Government.

(f) What are the shapes of AR and MR curve for a firm under non-competitive market structure?
Answer: Under a non-competitive market structure, the Average Revenue (AR) curve is downward sloping, and the Marginal Revenue (MR) curve is also downward sloping and lies below the AR curve.

2. Mention two reasons that give rise to economic problems.
Answer:

1. Scarcity of resources: Resources are limited compared to the unlimited wants of individuals and society.

2. Alternative uses of resources: Resources can be used for different purposes, leading to the need for choice.

3. What is a budget line? Why does it slope downward?
Answer:

• Budget Line: A budget line represents all combinations of two goods that a consumer can purchase with their given income and the prices of the goods.

• Reason for Downward Slope: The budget line slopes downward because to consume more of one good, the consumer must give up some quantity of the other good, reflecting the trade-off between the two goods.

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Also Read: 

• AHSEC Class 12 Economics Solved Paper 2012
• AHSEC Class 12 Economics Solved Paper 2013
• AHSEC Class 12 Economics Solved Paper 2014
• AHSEC Class 12 Economics Solved Paper 2015
• AHSEC Class 12 Economics Solved Paper 2016
• AHSEC Class 12 Economics Solved Paper 2017
• AHSEC Class 12 Economics Solved Paper 2018
• AHSEC Class 12 Economics Solved Paper 2019
• AHSEC Class 12 Economics Solved Paper 2022
• AHSEC Class 12 Economics Solved Paper 2023
• AHSEC Class 12 Economics Solved Paper 2024

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 2020, 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.

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