Class 12 Economics Basic Concepts of Economics Notes and Important Questions
Learn
Loading notes…
Notes for Class 12 Basic Concepts of Economics (Economics) are shown above.
Practice
Important Questions
Write any two advantages of division of labour.
What is the meaning of allocation of resources? Identify and describe the three major issues that may arise while allocating resources.
What is Market Economy? Explain any four features of market economy.
What is choice?
What is allocation of resources?
Write the meaning of opportunity cost in economics with example.
11 more questions locked
Upgrade to a paid plan to view all important questions
Exam
Past Question Analysis
Historical exam-pattern data from past NEB question papers — not a prediction of future questions.
8
Question Items
18
Total Marks
4
Papers Appeared In
| Year | Question Items | Marks |
|---|---|---|
| 2083 | 2 | 6 |
| 2082 | 2 | — |
| 2081 | 2 | 6 |
| 2080 | 2 | 6 |
Also appears in 3 model questions (not counted above — model sets aren't actual NEB exam history).
Offered as one of multiple alternative ("OR") questions in 1 past paper — not counted above, since a different chapter's question could be chosen instead.
This page covers Basic Concepts of Economics, chapter 1 of 14 in the Class 12 Economics syllabus set by the National Examination Board (NEB). 15 important questions for this chapter are available, each with a full solution.
For subjects like this one, examiners tend to reuse similar question patterns year to year — comparing this chapter's important questions against recent old NEB papers is one of the more efficient ways to revise.