Business Economics · Class 12 Commerce

Chseodisha Class 12 Business Economics — Real Previous-Year Papers

with complete answers

Real previous-year board papers, year by year — the official exam pattern, the full question paper, and every question solved the concept-first way. Distinct from the chapter-wise textbook bank.

2019–2023
Years of papers: 2
Total Papers: 2
Real Board Papers: 0
Sample papers: 96
Real-paper Q & A: 0
Sample-paper Q & A

Real board-paper questions available, by year

—2026Paper not yet available

—2025Paper not yet available

—2024Paper not yet available

48 Q2023complete

—2022Paper not yet available

—2021Exam cancelled (COVID-19)

—2020Paper not yet available

48 Q2019complete

2026 — Paper not yet available: This year’s CHSE Odisha +2 exam was held, but no verified English-medium question paper for this subject has been found from the sources we check. We publish only a paper we can verify against a real printed original — this one will appear here once it is.

2025 — Paper not yet available: This year’s CHSE Odisha +2 exam was held, but no verified English-medium question paper for this subject has been found from the sources we check. We publish only a paper we can verify against a real printed original — this one will appear here once it is.

2024 — Paper not yet available: This year’s CHSE Odisha +2 exam was held, but no verified English-medium question paper for this subject has been found from the sources we check. We publish only a paper we can verify against a real printed original — this one will appear here once it is.

2022 — Paper not yet available: This year’s CHSE Odisha +2 exam was held, but no verified English-medium question paper for this subject has been found from the sources we check. We publish only a paper we can verify against a real printed original — this one will appear here once it is.

2021 — Exam cancelled (COVID-19): CHSE Odisha cancelled the +2 (Class-12) Annual Examination in 2021 due to COVID-19; results were computed via an evaluation formula (based on Class-10 performance). No exam was administered that year, so there is no genuine previous-year paper to publish.

2020 — Paper not yet available: This year’s CHSE Odisha +2 exam was held, but no verified English-medium question paper for this subject has been found from the sources we check. We publish only a paper we can verify against a real printed original — this one will appear here once it is.

CHSE Odisha Plus Two (Class 12) Commerce Board 2023 · Set ANNUAL

Real board examination

About this paper

The real Class-12 board examination held in 2023. Every question below is solved the concept-first way. Sample papers are labelled honestly — never shown as a past exam.

Total marks: —
Questions: —
Duration: —
Sections: —

The marks / questions / duration above are the official exam pattern. We currently have 48 of this paper’s questions, with 48 fully solved. Questions we couldn’t yet extract or verify are held — never shown as complete.

The question paper

The questions we hold for this paper, laid out by section. Solutions are on the Answers tab.

Board Examination

Business Economics

CHSE Odisha Plus Two (Class 12) Commerce Board 2023 · Set ANNUAL

Series/Set: ANNUALRoll No. ________

Time Allowed: —Maximum Marks: —

Section A

Q1.

Motor car for a busy doctor is a :

(a) Necessary
(b) Comfort
(c) Luxury
(d) None of these

[1]

Q2.

The goods having exchange value are known as :

(a) Free goods
(b) Unproductive goods
(c) Economic goods
(d) None of these

[1]

Q3.

The goods which satisfy human wants indirectly are called :

(a) Public goods
(b) Consumers' goods
(c) Producers' goods
(d) Intermediate goods

[1]

Q4.

Health is not wealth because it has no :

(a) Scarcity
(b) Utility
(c) Marketability
(d) None of these

[1]

Q5.

Destruction of utility is known as :

(a) Production
(b) Distribution
(c) Consumption
(d) Division

[1]

Q6.

The demand for necessaries is :

(a) Elastic
(b) Inelastic
(c) Unitary elastic
(d) Perfectly elastic

[1]

Q7.

Economic cost is explicit cost plus :

(a) Variable cost
(b) Marginal cost
(c) Average cost
(d) Implicit cost

[1]

Page 1 of 7

Q8.

What will happen to price, when demand increases but supply remains constant : (a) Price remains constant (b) Price increases (c) Price decreases (d) None of these

[1]

Q9.

In the long-run : (a) All factors of production are variable (b) All factors of production are fixed (c) Some factors of production are fixed (d) Some factors of production are variable

[1]

Q10.

Costs which change when output changes are : (a) Fixed cost (b) Variable cost (c) Opportunity cost (d) None of these

[1]

Q11.

Under perfect competition average revenue is equal to : (a) Marginal revenue (b) Marginal cost (c) Average cost (d) None of these

[1]

Q12.

Which bank creates credit ? (a) Central Bank (b) Rural Bank (c) Commercial Bank (d) Cooperative Bank

[1]

Q13.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : The law of equimerginal utility is otherwise known as the law of substitution.

[1]

Q14.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : Land is a variable factor.

[1]

Q15.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : Money cost is pain and sacrifices undergone during the process of production.

[1]

Q16.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : The shape of Unitary elastic demand curve is Vertical.

[1]

Q17.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : Cash at hand is the most liquid asset of commercial banks.

[1]

Page 2 of 7

Q18.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : Salary of the watchman is variable cost.

[1]

Q19.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : Reserve Bank of India was established in the year 1955.

[1]

Q20.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : When output increases, total fixed cost remains same.

[1]

Q21.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : Macro economics is the study of individual units.

[1]

Q22.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : Surplus budget is more effective to control inflation.

[1]

Q23.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : In monopolistic competition there is a single seller and large no. of buyers.

[1]

Q24.

Examine the correctness of the following statement and correct it if incorrect, without changing the underlined portion : In a balanced budget, government receipts are greater than government expenditure.

[1]

Section B

Q1.

What do you mean by service utility ?

[2]

Page 3 of 7

Q2.

What are the central problems of an economy ?

[2]

Q3.

What are conventional necessary goods ?

[2]

Q4.

What do you mean by Giffen goods ?

[2]

Q5.

What is price elasticity of demand ?

[2]

Q6.

What is short run production function ?

[2]

Q7.

What do you mean by implicit cost ?

[2]

Q8.

What is monopolistic competition ?

[2]

Q9.

What is unitary elastic demand ?

[2]

Q10.

What do you mean by Average Variable cost ?

[2]

Page 4 of 7

Q11.

What is disposable personal income ?

[2]

Q12.

What is Unbalanced budget ?

[2]

Q13.

What do you mean by Gross Domestic Product ?

[2]

Q14.

Distinguish between : Value and price

[3]

Q15.

Distinguish between : Wealth and capital

[3]

Q16.

Distinguish between : Fixed Cost and Variable Cost

[3]

Q17.

Distinguish between : Accounting Cost and Economic Cost

[3]

Q18.

Distinguish between : Increasing returns and diminishing returns

[3]

Page 5 of 7

Q19.

Distinguish between : Public finance and private finance

[3]

Section C

Q1.

Explain the law of equimarginal utility.

[8]

Q2.

Discuss the factors influencing demand for a commodity.

[8]

Q3.

Discuss the functions of Central Bank.

[8]

Page 6 of 7

Q4.

Explain how price is determined under perfect competition.

[8]

Q5.

What is budget ? Discuss the objectives of budget.

[8]

Page 7 of 7