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Economics · Class 12 Commerce

Goa Gbshse Class 12 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.

2025–2025
Years of papers
1
Total Papers
1
Real Board Papers
0
Sample papers
40
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

40 Q2025complete

GBSHSE Goa Class 12 Board Exam (Commerce) 2025 · Set ANNUAL

Real board examination

About this paper

The real Class-12 board examination held in 2025. 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 40 of this paper’s questions, with 40 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

Economics

GBSHSE Goa Class 12 Board Exam (Commerce) 2025 · Set ANNUAL

Series/Set: ANNUALRoll No. ________
Time Allowed: —Maximum Marks: —
Section A

Q1.
In the given set of the consumption bundles (11, 12), (12, 12), (12, 13), (13, 13) of two goods, the monotonic preference of the consumer will be ______ .
  • (a) (11, 12)
  • (b) (12, 12)
  • (c) (12, 13)
  • (d) (13, 13)
[1]
Q2.
There is an inverse relation between income of the consumer and demand for a commodity such good is called ______ .
  • (a) Normal Good
  • (b) Inferior good
  • (c) Substitute good
  • (d) Complementary good
[1]
Q3.
When percentage change in quantity demanded of a commodity is more than percentage change in its price than price elasticity of demand is ______ .
  • (a) Unitary elastic demand
  • (b) Relatively inelastic demand
  • (c) Relatively elastic demand
  • (d) Perfectly elastic demand
[1]
Q4.
The cost per unit of output produced by a firm is called ______ .
  • (a) Average cost
  • (b) Marginal cost
  • (c) Average variable cost
  • (d) Average fixed cost
[1]
Q5.
The change in total revenue earned by a firm on account of sale of an additional unit of output during a given period of time is called ______ .
  • (a) Marginal Revenue
  • (b) Total Revenue
  • (c) Average Revenue
  • (d) Total Profit
[1]
Q6.
When a proportionate increase in total output is more than a proportionate increase in inputs then this stage of production is called ______ .
  • (a) Constant returns to scale
  • (b) Increasing returns to scale
  • (c) Decreasing returns to scale
  • (d) Negative returns
[1]
Page 1 of 6
Q7.
If an increase in quantity demanded is equal to an increase in quantity supplied than equilibrium price and equilibrium quantity will show ___ . (a) Price increases quantity remains constant (b) Quantity decreases and price remains constant (c) Price decreases and quantity remains constant (d) Quantity increases and price remains constant
[1]
Q8.
A doctor having his medical clinic in a remote village charge different fees to different patient then it is a feature of ___ . (a) Monopolistic competition (b) Perfect competition (c) Oligopoly (d) Monopoly
[1]
Q9.
A consumer spends his entire income of ₹ 60 on consumption of two goods : Good-X and Good-Y. The market price of Good-X is ₹ 10 per unit and Good Y is ₹ 20 per unit. Prepare the budget set of the consumer.
[2]
Q10.
Explain the following central problems of an economy : (a) How to produce ? (b) For whom to produce ?
[2]
Q11.
Explain any two determinants of demand.
[2]
Q12.
Draw a suitable neat labelled diagram to show change in supply curve in the following situation : (a) Government has raised excise duties on the production of liquor. (b) A firm is able to get cheap raw material for its production activities.
[2]
Q13.
When market price of the particular commodity rises from ₹ 50 per unit to ₹ 60 per unit and quantity demanded falls from 1000 units to 800 units calculate price elasticity of demand by using percentage method.
[3]
Q14.
Explain determination of equilibrium price under perfect competition with the help of neat labelled diagram.
[3]
Page 2 of 6
Q15.
What is meant by the following terms : • Macro economics • Total utility • Indifference curve.
[3]
Q16.
(OR) What is meant by the following terms ? • Micro economics • Marginal utility • Indifference map
[3]
Q17.
Explain the law of supply with the help of schedule and neat labelled diagram.
[5]
Q18.
Explain expansion and contraction in demand with the help of neat labelled diagram.
[5]
Q19.
Explain any five features of Perfect Competition.
[5]
Q20.
(OR) Explain any five features of oligopoly.
[5]
Page 3 of 6
Section B

Q1.
A tailor is engaged in his tailoring activity at his residence only, so his income earned will be termed as ___ . (a) Mixed income (b) Compensation of employees (c) Operating surplus (d) Dividends
[1]
Q2.
A candle factory has produced output worth of ₹ 50,000 with the purchase of inputs from the market worth ₹ 20,000 then value added by candle factory is ___ . (a) ₹ 70,000 (b) ₹ 30,000 (c) ₹ 50,000 (d) ₹ 20,000
[1]
Q3.
In modern times educated youth in urban areas are unable to find a suitable employment even when they are ready to work at a prevailing wage rate is called ___ . (a) Full employment (b) Voluntary unemployment (c) Involuntary unemployment (d) Under employment
[1]
Q4.
The ratio of consumption expenditure to any given level of income is called ___ . (a) Average propensity to consume (b) Average propensity to save (c) Marginal propensity to consume (d) Marginal propensity to save
[1]
Q5.
The situation when aggregate demand is more than aggregate supply corresponding to full employment in the economy is called ___ . (a) Excess supply (b) Excess demand (c) Deficit demand (d) Surplus supply
[1]
Q6.
Miss Savita has deposited sum of ₹ 5 lakh with commercial bank for 5 years, which she cannot withdraw before stipulated time period is called ___ . (a) Demand deposits (b) Chequable deposits (c) Saving deposits (d) Non-chequable deposits
[1]
Q7.
Mr. Vijay, an Indian has invested ₹ 5 lakh in the shares of multinational company in rest of the world then such transaction is referred as ___ . (a) Foreign direct investment (b) Portfolio investment (c) Commercial borrowing (d) Domestic investment
[1]
Q8.
India has received financial help of ₹ 1000 crores from the rest of the world for flood victims in India then such transaction is referred as ___ . (a) Imports of goods (b) Imports of services (c) Factor payments (d) Unilateral transfers
[1]
Page 4 of 6
Q9.
State four components of aggregate demand.
[2]
Q10.
Explain any two fiscal policy measures to correct the situation of excess demand.
[2]
Q11.
Explain the following motives of demand for money : (a) Precautionary motive (b) Speculative motive.
[2]
Q12.
State the type of instrument of monetary policy used by the central bank of a country in the following situation : (a) Central bank has fixed credit quotas to commercial bank for providing credit to small and micro enterprises in India. (b) It is mandatory for the commercial bank to keep minimum percentage of their total deposits with the central bank.
[2]
Q13.
What is meant by the following concepts : (a) Net Factor income from Abroad (b) Gross domestic product at market price (c) Personable disposable income.
[3]
Q14.
What is meant by the following terms : (a) Capital Receipts of the Government budget (b) Progressive Taxes (c) Appreciation of Domestic Currency.
[3]
Q15.
Explain consumption function with the help of neat labelled diagram.
[3]
Q16.
(OR) Explain saving function with the help of neat labelled diagram.
[3]
Page 5 of 6
Q17.
Explain with the help of neat labelled diagram circular flow of National income.
[5]
Q18.
Explain the determination of exchange rate through demand for and supply of foreign exchange with the help of neat labelled diagram.
[5]
Q19.
Explain any five functions of central bank.
[5]
Q20.
(OR) Explain any five functions of money.
[5]
Page 6 of 6