Are you searching for the AHSEC Class 12 Economics Solved Question Paper 2012? Look no further! This article provides a detailed analysis and solutions to the HS 2nd Year Economics Question Paper 2012 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 2012
H.S. 2nd Year, 2012
ECONOMICS
Full Marks: 100 | Time: 3 Hours
PART-A
1.(a) Opportunity cost is also called the Marginal Opportunity Cost/Alternative Cost. 1
(b) In economics, it is generally assumed that the consumer is an individual. 1
(c) What is an inferior good? 1
Ans: An inferior good is a type of good for which demand decreases as consumers' income increases, and vice versa. This means people buy less of these goods when they can afford better alternatives.
(d) Total Cost (TC) = ____ + Total Variable (TVC)
Ans: TC = TVC + TFC.
(e) State two main features of a perfectly competitive market. 1
Ans:
Uniform Price: Goods are sold at a uniform price due to perfect competition.
Homogeneous Products: Products are identical, leading to equal average and marginal revenue for firms.
2. Mention three basic problems of an economy. 3
Ans: The resources needed to meet unlimited wants are limited in supply, leading to economic problems. The key issues faced by an economy due to resource scarcity are:
(a) What to produce?
This involves deciding the types of goods to produce, such as consumer goods or capital goods.
(b) How to produce?
This concerns selecting the method of production, whether labor-intensive or capital-intensive.
(c) For whom to produce?
This pertains to determining how the produced goods will be distributed among various segments of society..
3. Draw a vertical demand curve and state the nature of price elasticity on it.
Answer:-
The nature of price elasticity on above vertical demand curve is perfectly inelastic, with a price elasticity of demand (PED) equal to 0. This indicates that the quantity demanded remains constant regardless of changes in price.
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Download and Access Assam Board Class 12 Economics Solved Papers (2012-2024) in PDF
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Benefits of Using Solved Question Papers for Assam HS 2nd Year Exams
- Comprehensive Understanding: Step-by-step solutions help in grasping concepts better.
- Enhanced Problem-Solving Skills: Practice papers improve analytical and numerical abilities.
- Increased Confidence: Familiarity with previous question patterns reduces exam stress.
How to Use AHSEC Class 12 Solved Papers Effectively
- Start with a thorough reading of the solved paper.
- Attempt to solve questions on your own before referring to solutions.
- Time your practice to improve speed and accuracy.
- 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.