Skip to content
← Economics

Economics · Class 12 Commerce

Madhya Pradesh Mpbse 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
6
Total Papers
6
Real Board Papers
0
Sample papers
376
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

62 Q2026complete
62 Q2025complete
63 Q2024complete
63 Q2023complete
63 Q2022complete
—2021Exam cancelled (COVID-19)
63 Q2020complete

2021 — Exam cancelled (COVID-19): The MP Board (MPBSE) cancelled the Class-12 Higher Secondary examination in 2021 due to COVID-19; no annual question paper was conducted or printed that year, so none exists to publish. Results were declared using an internal-assessment formula.

MP Board (MPBSE) Higher Secondary (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 62 of this paper’s questions, with 62 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

MP Board (MPBSE) Higher Secondary (Commerce) 2026 · Set ANNUAL

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

Q1.
Write the answer in one sentence: Write the formula of marginal rate of substitution.
[1]
Q2.
Write the answer in one sentence: What are long run costs?
[1]
Q3.
Write the answer in one sentence: At which point the determination of wage occurs in labour market?
[1]
Q4.
Write the answer in one sentence: What is inflation?
[1]
Q5.
Write the answer in one sentence: Write the name of the institution which issues currency in India.
[1]
Q6.
Write the answer in one sentence: What is marginal propensity to save?
[1]
Q7.
Write the answer in one sentence: What is balanced budget?
[1]
Page 1 of 8
Q8.
Among the competing usage of resources, the main cause of the “Problem of Choice” in every economy is: (a) Abundance of resources (b) Scarcity of resources (c) Misuses of resources (d) No uses of resources
[1]
Q9.
Higher indifference curve shows the level of utility is one of the following: (a) Higher level (b) Lower level (c) Same level (d) Negative level
[1]
Q10.
The gain forgone from the second best activity is: (a) Normal Profit (b) Super-Normal Profit (c) Opportunity cost (d) The shut-down point
[1]
Q11.
Continuously fall by huge amount in the level of output and employment in an economy is called – (a) Growth (b) Development (c) Stagnation (d) Great Depression
[1]
Q12.
For the transaction the most liquid and easiest measure of money is – (a) M₁ (b) M₂ (c) M₃ (d) M₄
[1]
Q13.
In which of the following years the Goods and Services taxes are implemented in India? (a) In 2006 (b) In 2016 (c) In 2017 (d) In 2020
[1]
Q14.
Fill in the blank: For inferior goods the demand curve shifts ____.
[1]
Q15.
Fill in the blank: The profit of a firm is the difference between revenue and ____.
[1]
Q16.
Fill in the blank: In the ____ market a firm can enter and exit freely.
[1]
Q17.
Fill in the blank: The concept of stocks are defined at a particular ____.
[1]
Q18.
Fill in the blank: The situation of excess demand leads to ____ in prices in the long run.
[1]
Page 2 of 8
Q19.
Fill in the blank: The process of making domestic currency cheaper by some government actions is called ____.
[1]
Q20.
Write True or False: On the basis of cardinal utility analysis the level of utility can be expressed in numbers. (a) True (b) False
[1]
Q21.
Write True or False: The average fixed cost curve is a rectangular hyperbola. (a) True (b) False
[1]
Q22.
Write True or False: In a perfectly competitive market firms are price-determinators. (a) True (b) False
[1]
Q23.
Write True or False: The remuneration for entrepreneurship is interest. (a) True (b) False
[1]
Q24.
Write True or False: Economic exchanges without the mediation of money are referred to as barter exchanges. (a) True (b) False
[1]
Q25.
Write True or False: Higher interest rates inspires firms to higher investments. (a) True (b) False
[1]
Q26.
Match the correct pair: Column "A": (i) Tea and Coffee (ii) Fan and Electricity (iii) Changes in factors (iv) Total Revenue (v) Net Indirect Tax (vi) The value of marginal propensity to consume (vii) The price of one currency in terms of another Column "B": (a) In short-run period (b) Total output × Market Price (c) Substitution goods (d) In between 0 to 1 (e) Foreign Exchange Rate (f) Indirect tax – subsidies (g) Complementary goods
[7]
Page 3 of 8
Section B

Q1.
How the equilibrium price and quantity affects if the income of consumers increases? Write in any two points.
[2]
Q2.
How the equilibrium price and quantity affects if the income of consumers decreases? Write in any two points.
[2]
Q3.
What is Personal Disposable Income?
[2]
Q4.
What is Personal Income?
[2]
Q5.
Write the meaning of consumption function.
[2]
Q6.
Write the meaning of ex-post investment.
[2]
Q7.
What is paradox of thrift?
[2]
Q8.
What is effective demand principle?
[2]
Page 4 of 8
Q9.
How goods and services tax is better than compared to old tax system? Write in any two points.
[2]
Q10.
How the public goods are non-excludable? Write in any two points.
[2]
Q11.
What is Revenue Expenditure?
[2]
Q12.
What is Capital Expenditure?
[2]
Q13.
What is law of demand?
[2]
Q14.
What is price elasticity of demand?
[2]
Q15.
What is the short-run period in the context of production?
[2]
Q16.
What is production function?
[2]
Q17.
What is the relation between market price and average revenue of a price taking firm?
[2]
Page 5 of 8
Q18.
What is the relation between market price and marginal revenue of a price taking firm?
[2]
Q19.
What is price ceiling? Write two examples of it.
[2]
Q20.
What is price floor? Write two examples of it.
[2]
Section C

Q1.
“Reserve Bank of India is known as lender of last resort”. Describe this statement in three points.
[3]
Q2.
“Commercial Banks are creator of money in the economy”. Describe this statement in any three points.
[3]
Q3.
Explain the centrally planned economy in any three points.
[3]
Q4.
Explain the market economy in any three points.
[3]
Page 6 of 8
Q5.
Explain indifference curve with the help of a diagram.
[3]
Q6.
Explain consumer’s budget set with the help of a diagram.
[3]
Q7.
Distinguish between Nominal Gross Domestic Product and Real Gross Domestic Product in any three points.
[3]
Q8.
Distinguish between consumer price index and the GDP deflator any three points.
[3]
Section D

Q1.
Explain the two merits of fixed exchange rate’s determination with the help of a diagram.
[4]
Q2.
Explain the two merits of floating exchange rate’s determination with the help of a diagram.
[4]
Page 7 of 8
Q3.
A consumer ‘A’ wants to consume two goods ‘x’ and ‘y’ which are available only in integer units. The two goods are equally priced at ₹ 20 and the consumer’s income is ₹ 80. Find out: (i) All the bundles that are available to the consumer. (ii) Among the bundles that are available to the consumer, identify those which cost her exactly Rs. 80.
[4]
Q4.
This is the table for quantity of demanded by three consumers A, B and C; of three goods wheat, rice and sugar at the price of P₁, P₂ and P₃ respectively. Calculate the market demand of each good with the help of the table. Goods/Prices | A | B | C | Market Demand (quantity demanded by consumers, in kg) Wheat–P₁ | 10 | 20 | 08 | ? Rice–P₂ | 05 | 15 | 20 | ? Sugar–P₃ | 02 | 05 | 10 | ?
[4]
Q5.
By drawing the short-run marginal cost curve, explain any two reasons why does it look so.
[4]
Q6.
By drawing long-run average cost curve, explain any two reasons why does it look so.
[4]
Q7.
Describe the effects of change in aggregate demand on income in any four points.
[4]
Q8.
Describe the effects of deficient demand in the economy in any four points.
[4]
Page 8 of 8