List of top Economics Questions asked in Bihar Board Class XII

In the given figure, the rotation of budget line is due to 

In the given figure, the movement on the production possibility curve from Point A to Point B shows 

Which of the following curves is the curve shown in the figure? 

Which of the following is not a characteristic of a price taker firm?
In which type of firms is \( MC = MR = AC = AR \) in the long run?

In the following figure, the supply curve shifts from SS to S1S1 due to what reason? 

In the given diagram, at which point is producer’s equilibrium achieved? 

Which of the demand curves given in the figure is more elastic? 

\[ \mathbf{e_d = 0} \] means the demand for the good is
Explain the law of demand with the help of diagram. Describe any five factors that affect the demand for a commodity.
Define investment multiplier. What is the relation between investment multiplier and marginal propensity to consume?
Define foreign exchange rate. Differentiate between fixed and flexible exchange rates.
How is technological progress a determinant of supply of a good by a firm? Explain.
Explain with diagram the effect of time element on equilibrium price.
What is the law of diminishing returns? Why does this law become operative?
Explain the circular flow of income in a two-sector economy.
Explain why an indifference curve is downward sloping and convex to the origin.
What is the difference between inflationary gap and deflationary gap?
Define marginal rate of substitution.
What is the reason for the backward bending labour supply curve?
Give the formula for measuring price elasticity of demand according to percentage method.
What is ordinal utility?
Why does the budget line slope downward?
Explain any two objectives of government budget.
What is meant by complementary goods?