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Economics · Class 12 Commerce

Jharkhand Jac 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.

2020–2026
Years of papers
5
Total Papers
5
Real Board Papers
0
Sample papers
247
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

52 Q2026complete
52 Q2025complete
52 Q2024complete
59 Q2023complete
—2022Paper not available
—2021Exam cancelled (COVID-19)
32 Q2020complete

2022 — Paper not available: The board held this year’s commerce examination, but no verified question paper for this subject is available from the sources we check. We publish only a paper we can verify against a real printed original — it will appear here once it is.

2021 — Exam cancelled (COVID-19): This Class-12 board examination was cancelled due to COVID-19; results were computed from an internal assessment/formula instead of a written paper. No annual question paper was conducted that year, so none exists to publish.

JAC Jharkhand Intermediate Class 12 (Commerce) 2026 · Set ANNUAL

Real board examination

About this paper

The real Class-12 board examination held in 2026. 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 52 of this paper’s questions, with 52 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

JAC Jharkhand Intermediate Class 12 (Commerce) 2026 · Set ANNUAL

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

Q1.
Which of the following is not a factor of production?
  • (a) Land
  • (b) Money
  • (c) Labour
  • (d) Capital
[1]
Q2.
In which of the following units utility can be measured?
  • (a) kilometre
  • (b) litre
  • (c) gram
  • (d) rupee
[1]
Q3.
The example of complementary goods in the following are
  • (a) Tea and coffee
  • (b) Pen and ink
  • (c) Pen and shoes
  • (d) Rasgulla and Gulab Jamun
[1]
Q4.
The number of firms in perfectly competitive market is
  • (a) 2
  • (b) 1
  • (c) less
  • (d) large number
[1]
Q5.
If the quantity supplied is increased by 15% due to an increment of 10% in the price of goods by a firm, then the supply of goods will be
  • (a) perfectly elastic
  • (b) unitary elastic
  • (c) zero elastic
  • (d) elastic
[1]
Q6.
What is the effect of increase in demand for a good on equilibrium price?
  • (a) Equilibrium price increases
  • (b) Equilibrium price decreases
  • (c) Equilibrium price remains unchanged
  • (d) Equilibrium price becomes zero
[1]
Page 1 of 7
Q7.
When will the situation of excess demand arise? When (a) D = S (b) D > S (c) S > D (d) D - S = 0
[1]
Q8.
When the marginal utility is zero, the total utility is (a) Zero (b) Maximum (c) Negative (d) Minimum
[1]
Q9.
Generally, the slope of a straight line demand curve is negative. The reason is (a) Diminishing marginal opportunity cost (b) Increasing marginal rate of substitution (c) Price effect, income effect and substitution effect (d) Constant marginal rate of substitution
[1]
Q10.
The production function Q = AL⁰.6 K⁰.5 exhibits which law of production? (a) Law of variable proportions (b) Constant returns to scale (c) Increasing returns to scale (d) Decreasing returns to scale
[1]
Q11.
Which value of elasticity of supply is measured by the following diagram? [Diagram: a supply curve. Y-axis labelled Price, X-axis labelled Supply, origin O. A straight supply line starts from a point A on the X-axis (to the right of O) and rises to the right up to point B, i.e. the supply curve has a positive intercept on the X-axis.] (a) Zero (b) Less than one (c) More than one (d) One
[1]
Q12.
In the situation of excess supply in the market, market price tends to (a) increase (b) decrease (c) remain unchanged (d) be constant
[1]
Q13.
Branding of goods is the feature of which market structure? (a) Perfect competition (b) Monopoly (c) Monopolistic competition (d) All of these
[1]
Q14.
What is the effect of lumpsum tax on supply of a good? (a) Supply diminishes (b) Supply increases (c) Supply remains unchanged (d) Supply becomes zero
[1]
Q15.
In which market, demand curve of a firm is perfectly elastic? (a) Perfect competition (b) Monopoly (c) Oligopoly (d) None of these
[1]
Q16.
What does the term investment mean in the context of economics? (a) Purchasing of shares (b) Purchasing of land (c) Spending the money in insurance plan (d) An increment in stock of capital goods
[1]
Page 2 of 7
Q17.
In which direction the flow of factor services take place in two-sector model of circular flow of income? (a) From firm to firm (b) From household to firm (c) From household to household (d) From firm to household
[1]
Q18.
The old aged pension paid by the government is the part of which of the following aggregates? (a) GDP (b) GNP (c) National income (d) Personal income
[1]
Q19.
Which of the following is the universally accepted medium of exchange? (a) Cheque book (b) Bond paper (c) Demand draft (d) Money
[1]
Q20.
Which of the following is called legal tender? (a) Demand draft (b) Currency notes (c) Cheque (d) All of these
[1]
Q21.
Following are the methods adopted by the central bank to increase the supply of money in an economy. Choose the correct option by using following codes: (a) Decrease in bank rate (b) Selling of securities (c) Decrease in reserve ratios (a) (a) and (b) (b) (b) and (c) (c) (a) and (c) (d) (a), (b) and (c)
[1]
Q22.
Which of the following is known as paper tax? (a) Income tax (b) Corporation tax (c) Wealth tax (d) Customs duty
[1]
Q23.
If the consumption expenditure of consumers remains unchanged due to change in income, then what will be the value of MPC? (a) Greater than 1 (b) 1 (c) 0 (d) Less than 0
[1]
Q24.
Which of the following is not a component of aggregate demand? (a) Consumption expenditure (b) Investment expenditure (c) Net export (d) Expenditure on financial assets
[1]
Q25.
Which one is true? (a) MPC + MPS = 1 (b) MPC + MPS > 1 (c) MPC + MPS < 1 (d) MPC + MPS = 0
[1]
Q26.
What is foreign exchange rate? (a) Price of goods in terms of goods (b) Price of goods in terms of money (c) Price of money in terms of goods (d) Price of domestic currency in terms of foreign currency
[1]
Page 3 of 7
Q27.
What is the balance of international transactions of goods and services called? (a) Market equilibrium (b) Consumer's equilibrium (c) Balance of trade (d) Balance of payment
[1]
Q28.
What is the difference between Revenue expenditure and Revenue receipts called? (a) Fiscal deficit (b) Primary deficit (c) Trade deficit (d) Revenue deficit
[1]
Q29.
Which is included in indirect tax? (a) Income tax (b) Wealth tax (c) Excise duty (d) Gift tax
[1]
Q30.
What is the duration of a budget? (a) Annual (b) Two years (c) Three years (d) Five years
[1]
Section B

Q1.
How does opportunity cost affect production possibility curve?
[2]
Q2.
Define marginal cost.
[2]
Q3.
If quantity demanded of a good increases by 8% due to fall in price by 5%, then calculate the price elasticity of demand.
[2]
Q4.
Define the terms Marginal revenue and Average revenue.
[2]
Q5.
According to Macro-economics, what are the four sectors of an economy?
[2]
Page 4 of 7
Q6.
What do you mean by open economy?
[2]
Q7.
What do you mean by Barter system?
[2]
Q8.
Define Direct tax.
[2]
Section C

Q1.
What are the differences between Substitute goods and Complementary goods?
[3]
Q2.
What are the exceptions of law of demand?
[3]
Q3.
What is meant by elasticity of supply?
[3]
Q4.
What are the four factors of production and what are the remunerations to each of these called?
[3]
Page 5 of 7
Q5.
What are the differences between Micro-economics and Macro-economics?
[3]
Q6.
What are the functions of money?
[3]
Q7.
What are the merits of progressive tax?
[3]
Q8.
Define aggregate demand and its components.
[3]
Section D

Q1.
What is an economic problem? Why does an economic problem arise?
[5]
Q2.
Explain consumer's equilibrium in case of a single commodity.
[5]
Page 6 of 7
Q3.
Distinguish between perfect competition and monopoly.
[5]
Q4.
What are the importances or uses of national income accounting?
[5]
Q5.
Explain the methods of credit control by the central bank.
[5]
Q6.
Explain the methods of correcting disequilibrium in the balance of payment.
[5]
Page 7 of 7