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100+ Free BSEB Intermediate Economics Practice Questions

Bihar School Examination Board (BSEB) Intermediate Economics (Class 12 / Intermediate Public Examination — Economics elective) practice questions are available now; exam metadata is being verified.

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2026 Statistics

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 test your BSEB Intermediate Economics exam readiness. 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 Practice Questions

Verified exam format metadata for Bihar School Examination Board (BSEB) Intermediate Economics (Class 12 / Intermediate Public Examination — Economics elective) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.