List of top Questions asked in Kerala Plus Two(Class 12)- 2026

Explain the features of perfect competitive market. (Any 3 points)
Why a seller in a perfectly competitive market is unable to sell above the market price?
Illustrate price ceiling with the help of a example.
Explain the quantitative and qualitative instruments used by the central bank to control the money supply in the economy.
A firm’s capital at the beginning of the year is ₹ 10 crores and new investment during the year is ₹ 3 crores. Identify the stock and flow variables in the statement.
List the components of aggregate demand in a two-sector economy.
List any three factors which leads to rightward shift of the supply curve of a firm.
Write a short note on emergence of macroeconomics.
If consumer income increases, demand for normal goods also increases. What will be its effects on equilibrium price and equilibrium quantity?
Calculate equilibrium price and quantity from the given equations.
The market price of a good increases from Rs. 10 to Rs. 25. Therefore, the quantity supplied by the firm increases from 15 to 20 units. Calculate the price elasticity of supply.
What are the central problems of an economy in relation to scarce resources?
If investment increases by 200 crores and MPC is 0.2, what will be the increase in total income?
Explain the three types of budget.
What are the features of perfect competition?
Explain the conditions required for profit maximization of a perfectly competitive firm in short run.
Explain the functions of central bank.
A garment factory replaces 50 workers with some machines to reduce the costs of production. Which central problem of an economy is being added in the statement?
Which of the following cost curve is a rectangular hyperbola?
The situation where market supply equals market demand is called
An individual unit who takes decisions relating to its own consumption is
What is GDP deflator? Distinguish between Real GDP and Nominal GDP.
When income increases, the budget line shifts towards
The point on which a firm earns only normal profit in the short run
Want satisfying capacity of a commodity