Economics · Class 12 Commerce

Uttar Pradesh Upmsp 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: 148
Real-paper Q & A: 0
Sample-paper Q & A

Real board-paper questions available, by year

28 Q2026complete

30 Q2025complete

30 Q2024complete

30 Q2023complete

—2022Paper not available

—2021Exam cancelled (COVID-19)

30 Q2020complete

2022 — Paper not available: The UP Board (UPMSP) held this year’s Intermediate (Class-12) commerce examination, but no verified English 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): The UP Board (UPMSP) cancelled the Class-12 Intermediate 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 a formula based on earlier assessments.

UP Board (UPMSP) Intermediate (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 28 of this paper’s questions, with 28 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

UP Board (UPMSP) Intermediate (Commerce) 2026 · Set ANNUAL

Series/Set: ANNUALRoll No. ________

Time Allowed: —Maximum Marks: —

Section A

Q1.

How does Robbins define Economics?

(a) Science of market
(b) Science of business
(c) Science of life
(d) Science of scarcity

[1]

Q2.

Inventory is a .......... concept whereas the change in inventory is a .......... concept.

(a) stock, flow
(b) flow, stock
(c) stock, stock
(d) flow, flow

[1]

Q3.

The consumption function curve is

(a) Upward sloping
(b) Downward sloping
(c) Parallel to the x-axis
(d) Parallel to the y-axis

[1]

Q4.

Which of the following makes a financial institution a bank?

(a) Accepting deposits
(b) Lending
(c) Accepting demand deposits
(d) Accepting time deposits

[1]

Q5.

Decrease in Cash Reserve Ratio will lead to

(a) fall in aggregate demand
(b) rise in aggregate demand
(c) no change in aggregate demand
(d) fall in general price level

[1]

Q6.

The shape of average revenue curve in monopoly is

(a) Upward rising
(b) U-shaped
(c) Downward sloping
(d) S-shaped

[1]

Q7.

Fiscal deficit in a government budget refers to

(a) Shortfall in taxes
(b) Disinvestment requirement
(c) Shortfall in disinvestment
(d) Borrowing

[1]

Page 1 of 4

Q8.

Steps taken through the government budget can influence (a) Inequalities (b) Allocation of resources (c) Inflation (d) All of these

[1]

Q9.

When exchange rate in terms of domestic currency rises (a) Exports become cheaper (b) Imports become cheaper (c) Exports become costlier (d) No effect on imports

[1]

Q10.

Balance of trade equals (a) Exports less imports (b) Exports of goods less imports of goods (c) Exports of services less imports of services (d) None of these

[1]

Section B

Q1.

Distinguish between Micro-economics and Macro-economics.

[2]

Q2.

What do you mean by substitute goods? Give examples of two goods which are substitutes of each other.

[2]

Q3.

Why is the budget line downward sloping? Explain.

[2]

Q4.

What is the difference between planned and unplanned inventory accumulation? Explain.

[2]

Q5.

Explain the components of money supply.

[2]

Page 2 of 4

Q6.

General public are not allowed to open accounts in the central bank. Does it mean that the central bank does not perform any commercial banking activity? Explain.

[2]

Q7.

The Marginal Rate of Substitution (MRS) between perfectly substitute goods remains constant. Explain with diagram.

[2]

Q8.

The following table shows the Total Cost Schedule of a firm. Calculate Total Fixed Cost, Total Variable Cost, Average Variable Cost, Average Cost and Marginal Cost: Q: 0, 1, 2, 3, 4, 5, 6 Total Cost: 10, 30, 45, 55, 70, 90, 120

[2]

Q9.

Write down any three identities of calculating the gross domestic product of a country by the three methods of estimating national income.

[2]

Q10.

Write the relationship between the revenue deficit and the fiscal deficit. Are fiscal deficits inflationary?

[2]

Q11.

What are official reserve transactions? Explain their importance in the balance of payments.

[2]

Q12.

Describe Total Revenue, Average Revenue and Marginal Revenue.

[2]

Q13.

What are the different types of costs (fixed, variable, total, average, marginal) and how are they related? Explain with the help of diagrams.

[2]

Page 3 of 4

Q14.

(OR) What do you understand by market supply? Describe the determinant elements of supply.

[2]

Q15.

What is consumer's equilibrium? Explain the conditions for achieving consumer's equilibrium using the concept of indifference curves and budget lines. Illustrate with a diagram.

[2]

Q16.

(OR) Explain six factors that affect market demand for a commodity.

[2]

Q17.

What is deficient demand in an economy? Explain the measures to control it.

[2]

Q18.

(OR) Write the meaning of full employment. Mention the factors responsible for full employment.

[2]

Page 4 of 4