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Important Questions for CBSE Class 12 Micro Economics (2024-25)

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Last updated date: 29th May 2024
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CBSE Important Questions Class 12 Microeconomics - Download Free PDF File

In Class 12, CBSE students will learn the microeconomics chapter, a part of economics. CBSE has drafted this chapter according to the current global economic situation. When preparing for the CBSE Class 12 Economics Board exams, using important questions for Class 12 microeconomics with solutions will be a helpful guide. This study tool has a wealth of information, and the solutions compiled by the subject matter experts are no exception. This chapter gives a good insight into microeconomics.


Using the important questions for Class 12 microeconomics chapter-wise  solutions will provide a good introduction to the topic. Economics is a science that researches human characteristics that attempt to distribute limited resources so that consumers can be as satisfied as possible, manufacturers can maximise their surplus output, and society can be as comfortable as possible. Making decisions in the face of scarcity or insufficiency is key.

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CBSE Class 12 Economics Weightage 2024-25

Units

Units Name

Marks

Part A

Introductory Macroeconomics



National Income and Related Aggregates

10


Money and Banking

6


Determination of Income and Employment

12


Government Budget and the Economy

6


Balance of Payments

6


Total

40

Part B

Indian Economic Development



Development Experience (1947-90) and Economic Reforms since 1991

12


Current Challenges facing Indian Economy

20


Development Experience of India – A Comparison with Neighbours

8


Total

40


Overview of Class 12 Microeconomics Using Important Questions for Class 12 Microeconomics with Solutions

Students using microeconomics Class 12 important questions created by subject specialists will be able to earn good grades. While practising questions and answers in the Microeconomics chapter, you will gain an in-depth understanding by resolving. You can also use the 12th microeconomics important questions with answers PDF for regular practice till the board exam. 


All important questions for Class 12 microeconomics with solutions are supplied here step-by-step to ensure students have no trouble preparing. Each question and answer is drafted keeping the guidelines of CBSE Solutions in mind. Clearing the board examinations is a piece of cake if you have enough practice using the important questions for Class 12 microeconomics chapter wise.


Benefits of using Important Questions for Class 12 Microeconomic with Solutions

Microeconomics is all about studying the behaviour of individuals, households, and firms in making decisions and allocating resources. Utilise Vedantu's useful important questions for Class 12 microeconomics with solutions to sharpen your economics skills. There won't be any confusion throughout your preparation thanks to the logical organisation of all the CBSE Class 12 Microeconomic solved questions.


You can use 12th microeconomics important questions with answers PDF if you run into trouble while studying. You can use these comprehensive answers to all the questions from the CBSE microeconomics chapter. 


The key benefits of learning microeconomics are as follows:

  • It helps to understand the working culture of the economy.

  • It helps to understand the potential price rise on the basis of demand and supply.

  • The concepts of microeconomics help business units to design  their future course of action.

  • It helps to study human behaviour.

  • It provides the base to the students for studying macroeconomics.

  • It enables manufacturers to allocate resources optimally.

  • It helps to formulate economic policies.

  • It helps to monitor the economic welfare system.

  • Decision making becomes much easier with microeconomics.

  • Once you go through detailed solutions, you can have a thorough understanding of the topic.

  • The Class 12 microeconomics CBSE Solutions completely follows a drafted curriculum.

  • The solution comes with complete answers to all your questions about essential ideas and aids in your exam preparation.

You can practise regularly to improve your board exam performance.

 

Download 12th Microeconomics Important Questions with Answers PDF

You can download a free PDF download of Important Questions for CBSE Class 12 Microeconomics prepared by expert Economics teachers from the latest edition of CBSE (NCERT) books. Practising given Class 12 Microeconomics chapter wise Important Questions with solutions will help in scoring more marks in your Board Examinations.


Vedantu’s 12th microeconomics important questions with answers PDF offers you the chance to download the same and start practising. You can keep practising regularly on laptop, smartphone, and tablet. Just download the PDF version of the chapter having questions and answers and keep using. These notes are completely free to download and use.

FAQs on Important Questions for CBSE Class 12 Micro Economics (2024-25)

1. What is the Budget Line as per the Class 12 microeconomics chapter 2?

A budget line shows a consumer's restrictions when combining two or more products into one purchase within a specific budget. When prices, preferences, or income change, a budget line will also alter. The consumption possibility line is another name for it. It is believed that the consumer will purchase the whole product package.

2. Explain the concept of short run and long-run.

The long-run is a time frame during which the producer can alter all the production-related factors, such as the building, the machinery, etc. A manufacturer can only make a small number of adjustments to the production process in the short run. It is the time when at least one production factor is fixed while the others can be altered or enhanced.

3. What do you understand about the meaning of Market Equilibrium?

The market condition where supply and demand are equal is referred to as this. When a market is in equilibrium, the associated price won't move until a factor outside the market has a role in shifting supply or demand. The price at which a product is sold when the market is in equilibrium is referred to as the equilibrium price.

4. How does the PDF file of Chapter 2 of microeconomics Class 12 help students?

Using important questions for Class 12 microeconomics chapter wise PDF can help you keep practising regularly. In fact, you can use the same file for the board exam last minute practice.

5. What is the Law of Diminishing Marginal Product?

As per Chapter 2 of microeconomics, when one of the elements is increased while the other factors remain constant, the total amount of production will initially grow in accordance with the law of diminishing marginal product. This approach would stop leading to an increase in output. Consider a factory, for instance, where the equipment plays a role in manufacturing.