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Economics · Class 12 Commerce

Mahe Dhse 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
7
Total Papers
7
Real Board Papers
0
Sample papers
244
Real-paper Q & A
0
Sample-paper Q & A

Real board-paper questions available, by year

33 Q2026complete
33 Q2025complete
33 Q2024complete
33 Q2023complete
35 Q2022complete
41 Q2021complete
36 Q2020complete

Kerala DHSE Plus Two Commerce Board 2026 · Set MARCH

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 33 of this paper’s questions, with 33 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

Kerala DHSE Plus Two Commerce Board 2026 · Set MARCH

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

Q1.
Which among the following is a characteristic of Centrally planned economy?
  • (a) Private ownership
  • (b) Profit motive
  • (c) Central problems solved by price mechanism
  • (d) Central problems solved by planning mechanism
[1]
Q2.
Change in total cost for an additional unit change in output is
  • (a) Average Fixed Cost
  • (b) Average Variable Cost
  • (c) Marginal Cost
  • (d) Average Cost
[1]
Q3.
Which among the following is a situation in which a firm earn normal profit?
  • (a) Total revenue = Total cost
  • (b) Total revenue > Total cost
  • (c) Total revenue < Total cost
  • (d) None of these
[1]
Q4.
The imposition of lower limit on the price of good or service by government is
  • (a) Price ceiling
  • (b) Price floor
  • (c) Excess demand
  • (d) Equilibrium price
[1]
Q5.
The founding father of modern economics –
  • (a) Alfred Marshall
  • (b) J.M. Keynes
  • (c) Paul A. Samuelson
  • (d) Adam Smith
[1]
Q6.
Which one of the following is a stock variable?
  • (a) Income
  • (b) Expenditure
  • (c) Capital
  • (d) Investment
[1]
Page 1 of 6
Q7.
The rate at which central bank gives loans to commercial banks is (a) Market rate of interest (b) Bank rate (c) Repo rate (d) Reverse repo rate
[1]
Q8.
Equation of money multiplier is (a) Cash Reserve Ratio × 100 (b) 1 / Cash Reserve Ratio (c) 100 / Cash Reserve Ratio (d) Cash Reserve Ratio / 100
[1]
Q9.
Rate of change in savings as income increases is (a) Average propensity to consume (b) Average propensity to save (c) Marginal propensity to save (d) Marginal propensity to consume
[1]
Q10.
Which one of the following is not a component of current account of balance of payments? (a) Investment (b) Trade in goods (c) Trade in services (d) Transfer payments
[1]
Section B

Q1.
Distinguish between normal goods and inferior goods.
[2]
Q2.
Demand function and supply function are given below: qD = 200 – P qS = 120 + P Find equilibrium price and equilibrium output.
[2]
Q3.
Distinguish between unplanned accumulation and unplanned decumulation of inventory.
[2]
Q4.
If marginal propensity to consume is .8, calculate the value of investment multiplier.
[2]
Page 2 of 6
Q5.
Distinguish between balance of payment and balance of trade.
[2]
Section C

Q1.
Explain central problems faced by economies in relation to allocation of resources.
[3]
Q2.
Draw a diagram showing short run profit maximisation of a firm under perfect competition and locate shut down point.
[3]
Q3.
Write a short note on the emergence of macro economics.
[3]
Q4.
Explain any three functions of central bank.
[3]
Q5.
What do you mean by public goods? Write any two features of public goods.
[3]
Page 3 of 6
Section D

Q1.
With the help of a diagram, explain the relationship between long run average cost and long run marginal cost curves.
[4]
Q2.
Explain features of perfect competitive market.
[4]
Q3.
With the help of a diagram, explain price ceiling.
[4]
Q4.
Draw circular flow of income and expenditure in a simple economy.
[4]
Q5.
Explain any two factors which affect exchange rate under flexible exchange rate system.
[4]
Page 4 of 6
Section E

Q1.
(a) Define price elasticity of demand. (2) (b) Suppose, at price ₹ 4, the demand for a good is 25 units. Price of the good increased to 5. As a result, the demand for the good falls to 20 units. Calculate price elasticity. (3)
[5]
Q2.
With the help of a diagram, explain short run profit maximising conditions of a firm under perfect competition market.
[5]
Q3.
Explain policy tools of Reserve Bank of India to control money supply in India.
[5]
Q4.
With the help of a diagram, explain the effect of an autonomous change in aggregate demand on income and output.
[5]
Q5.
Explain various components of government budget.
[5]
Page 5 of 6
Section F

Q1.
Suppose a consumer wants to consume two goods. The prices of two goods are ₹ 6 and ₹ 8 respectively. Consumer's income is ₹ 72. (a) Write equation of budget line. (b) Find slope of the budget line. (c) Draw budget line. (d) If income of the consumer increases to ₹ 120, draw new budget line.
[8]
Q2.
(a) Complete the following table: | Output | TFC | TVC | TC | AFC | AVC | AC | MC | |--------|-----|-----|-----|-----|-----|-----|-----| | 0 | 20 | - | 20 | | | | | | 1 | 20 | | 30 | | | | | | 2 | 20 | | 38 | | | | | | 3 | 20 | | 44 | | | | | | 4 | 20 | | 49 | | | | | | 5 | 20 | | 53 | | | | | | 6 | 20 | | 59 | | | | | | 7 | 20 | | 67 | | | | | | 8 | 20 | | 80 | | | | | | 9 | 20 | | 95 | | | | | | 10 | 20 | | 115 | | | | | (b) Draw AFC, AVC and AC in a single diagram.
[8]
Q3.
Explain three methods of measurement of national income.
[8]
Page 6 of 6