Free Practice Questions for BSEB Intermediate Economics

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Key Facts: BSEB Intermediate Economics Exam

100 marks

Full marks for Intermediate Economics theory elective

BSEB Intermediate Economics model-paper pattern 2026 style

~3h 15m

Typical BSEB Intermediate theory exam duration

BSEB Intermediate exam pattern (confirm year timetable)

219 / 326

Illustrative model-paper codes (I.COM 219; arts listings may use 326)

BSEB Intermediate model-paper labelling (confirm current year)

50 of 100

Objective section style: answer any 50 of 100 MCQs for 50 marks (2026 model style)

BSEB Intermediate Economics model paper structure (illustrative)

~30%

Carefully cited common Intermediate subject pass floor — verify current circular

Widely reported BSEB Intermediate practice; confirm current notification

English MCQ adaptation

This free local bank is not the official mixed-format paper

OpenExamPrep practice policy

BSEB Intermediate Economics is a 100-mark Class 12 theory elective (~3h15m; model 219 I.COM / arts listings such as 326) covering micro and macro with mixed objective and written sections. This free 2026 bank is an English MCQ study adaptation only.

Sample BSEB Intermediate Economics Practice Questions

Try these sample questions to review concepts for the BSEB Intermediate Economics exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In microeconomics, the law of demand states that, other things remaining constant:

A.Quantity supplied varies inversely with price

B.Quantity demanded varies directly with its own price

C.National income always equals consumption

D.Quantity demanded of a commodity varies inversely with its own price

Explanation: The law of demand says that when a good’s own price rises, quantity demanded falls (and vice versa), holding other determinants constant (ceteris paribus). The demand curve therefore slopes downward from left to right.

2A movement along a demand curve is caused by a change in:

A.Tastes and preferences

B.Prices of related goods

C.The commodity’s own price

D.Consumer income (normal good)

Explanation: A change in the good’s own price produces a movement along the same demand curve (extension or contraction of demand). Changes in income, related-good prices, or tastes shift the entire demand curve.

3If tea and coffee are substitutes, a rise in the price of coffee tends to:

A.Decrease demand for tea

B.Reduce the supply of coffee to zero automatically

C.Leave tea demand unchanged by definition

D.Increase demand for tea

Explanation: Substitutes satisfy similar wants. When coffee becomes more expensive, some consumers switch toward tea, raising tea’s demand (a rightward shift of tea’s demand curve).

4Price elasticity of demand (Ed) is defined as:

A.Percentage change in price divided by percentage change in quantity demanded

B.Absolute change in quantity demanded only

C.Percentage change in quantity demanded divided by percentage change in price

D.Total revenue divided by price

Explanation: Ed measures responsiveness of quantity demanded to a price change: Ed = (%ΔQd) / (%ΔP). Using percentages (or mid-point formulas) makes elasticity unit-free and comparable across goods.

5When the price of a good falls from ₹10 to ₹8 and quantity demanded rises from 100 to 120 units, the percentage method gives |Ed| equal to:

A.0.5

B.2

C.0.2

D.1

Explanation: %ΔQd = (20/100)×100 = 20%. %ΔP = (2/10)×100 = 20%. |Ed| = 20/20 = 1 (unit elastic using initial values).

6If |Ed| > 1, demand is said to be:

A.Inelastic

B.Perfectly inelastic

C.Unit elastic

D.Elastic

Explanation: When the percentage change in quantity demanded exceeds the percentage change in price (|Ed| > 1), demand is elastic. Consumers respond strongly to price changes.

7For a straight-line demand curve sloping downward, price elasticity of demand:

A.Is always zero

B.Is constant at every point

C.Is higher at higher prices (upper portion) than at lower prices (lower portion)

D.Is always infinite

Explanation: On a linear downward-sloping demand curve, Ed varies along the curve: it is greater than 1 above the midpoint, equal to 1 at the midpoint, and less than 1 below it. Higher price/lower quantity regions are more elastic.

8If demand is elastic and the seller raises price, total revenue (TR) will:

A.Rise

B.Become equal to marginal cost automatically

C.Fall

D.Remain unchanged always

Explanation: With elastic demand, quantity falls more than proportionately when price rises, so TR = P×Q declines. The TR–elasticity rule: price ↑ reduces TR when demand is elastic.

9Income elasticity of demand is positive for:

A.Normal goods

B.Giffen goods only by definition of income elasticity

C.Inferior goods

D.All goods without exception

Explanation: Income elasticity Ey = (%ΔQd)/(%Δ income). For normal goods, demand rises with income, so Ey > 0. Inferior goods have Ey < 0.

10Cross elasticity of demand between petrol and cars is expected to be:

A.Zero always

B.Infinite always

C.Negative (complements)

D.Positive (substitutes)

Explanation: Petrol and cars are used together (complements). A rise in petrol prices tends to reduce demand for cars, so cross elasticity Exy is negative.

About the BSEB Intermediate Economics Exam

Bihar Intermediate Economics under BSEB evaluates Class 12 elective students on NCERT-aligned microeconomics (demand, supply, elasticity, production, costs, revenue, market forms, consumer equilibrium) and macroeconomics (national income aggregates and methods, money and banking with RBI tools, government budget deficits, balance of payments, foreign exchange basics, employment, and sustainable development). Official assessment is a 100-mark mixed theory paper of about 3 hours 15 minutes (model 219 / parallel arts listings). Use this free 2026 English MCQ bank for concept and calculation drill; pair it with official model papers from biharboardonline.com for short/long answer style.

Exam sponsor: Bihar School Examination Board (BSEB). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

BSEB Intermediate Economics is a 100-mark theory elective under the Intermediate Public Examination (about 3 hours 15 minutes). Official 2026-style model papers mix: Section A objective (100 four-option items; answer any 50 for 50 marks) and Section B short + long answers (e.g., 30 short × 2 marks answer any 15; 8 long × 5 marks answer any 4). Hindi/English board papers; commerce model code 219 and arts code listings such as 326 are treated as one Intermediate Economics subject here. This practice bank is an English four-option MCQ study adaptation only — not a full board-paper simulation.

Time Limit

About 3 hours 15 minutes (theory public examination; confirm year’s timetable)

Passing Score

Carefully treat about 30% as the commonly cited Intermediate subject pass floor; verify the current BSEB Intermediate notification for exact criteria.

Exam / Certification Fees

As notified by BSEB and paid through Intermediate colleges/schools for regular and compartment/improvement sittings (no single fixed public subject fee for all categories).

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

~15% of this local bank

Demand, Supply & Elasticity

Law of demand/supply, shifts, elasticities, and TR relationships with numerical practice.

~27% of this local bank

Production, Costs & Revenue

Production periods, variable proportions, cost curves, and revenue concepts.

~18% of this local bank

Market Forms & Consumer Equilibrium

Competition, monopoly, monopolistic competition, oligopoly, and consumer equilibrium.

~15% of this local bank

National Income Accounting

Aggregates, identities, measurement methods, and expenditure calculations.

~17% of this local bank

Money, Banking & Government Budget

Money functions, RBI, CRR/SLR/repo, credit, and budget deficit concepts.

~8% of this local bank

BOP, Exchange, Employment & Development

BOP current account, depreciation, unemployment, and sustainable development.

Preparing for the BSEB Intermediate Economics Exam

What You Need to Know

Passing score: Carefully treat about 30% as the commonly cited Intermediate subject pass floor; verify the current BSEB Intermediate notification for exact criteria.
Assessment: BSEB Intermediate Economics is a 100-mark theory elective under the Intermediate Public Examination (about 3 hours 15 minutes). Official 2026-style model papers mix: Section A objective (100 four-option items; answer any 50 for 50 marks) and Section B short + long answers (e.g., 30 short × 2 marks answer any 15; 8 long × 5 marks answer any 4). Hindi/English board papers; commerce model code 219 and arts code listings such as 326 are treated as one Intermediate Economics subject here. This practice bank is an English four-option MCQ study adaptation only — not a full board-paper simulation.
Time limit: About 3 hours 15 minutes (theory public examination; confirm year’s timetable)
Exam / certification fees: As notified by BSEB and paid through Intermediate colleges/schools for regular and compartment/improvement sittings (no single fixed public subject fee for all categories). Official sources

Using Our Practice Resources

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

BSEB Intermediate Economics: Suggested Study Strategy

1Drill elasticity and national-income identities with numbers until % changes and GDP = C+I+G+(X−M) are automatic.

2Sketch cost and revenue curves (ATC, AVC, MC, AR, MR) and mark the MR = MC and shutdown (P vs AVC) points.

3Make a one-page table of market forms: sellers, product type, entry barriers, and long-run profit for competition vs monopoly vs monopolistic competition vs oligopoly.

4Separate RBI tools (CRR, SLR, repo) from fiscal deficit concepts (revenue, fiscal, primary) so money and budget questions do not blur.

5Download current BSEB Intermediate Economics model papers and practise short/long definitions in addition to this free MCQ bank.

Frequently Asked Questions

How is BSEB Intermediate Economics officially examined?

It is a 100-mark Intermediate theory elective of about 3 hours 15 minutes. 2026-style model papers describe 100 objective questions (answer any 50), plus short and long written answers. Confirm the year’s model paper and timetable on biharboardonline.com.

What are model paper codes 219 and 326?

Commerce stream Intermediate model-paper materials commonly label Economics as code 219 (I.COM). Arts-stream catalogues may list Economics under a parallel code such as 326. OpenExamPrep maintains one shared Intermediate Economics practice bank for the subject.

Is this practice bank the same format as the official Intermediate paper?

No. Official papers mix objective and subjective sections in Hindi/English. This bank is an English-language multiple-choice study adaptation only — not an official translation or full blueprint replica.

What is the pass mark?

Treat about 30% carefully as the commonly cited Intermediate subject pass floor. Always verify the current BSEB Intermediate notification.

How are exam fees paid?

Fees are notified by BSEB and paid through Intermediate colleges/schools for regular and compartment/improvement sittings.

Where should I check official model papers?

Use biharboardonline.com for Intermediate model papers (including Economics codes such as 219 style materials), syllabi, and exam circulars.

Free Practice Questions for BSEB Intermediate Economics

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