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100+ Free Karnataka II PUC Economics (KSEAB) Practice Questions

Karnataka School Examination and Assessment Board (KSEAB) II PUC Class 12 Economics (Subject Code 22) practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: Karnataka II PUC Economics (KSEAB) Exam

Code 22

Official II PUC Economics subject code

KSEAB/DPUE II PUC Economics blueprint 2025–26

~3 hours

Typical theory duration (often + reading time)

KSEAB II PUC exam logistics / pattern reporting

80+20

Commonly described theory + internal split for Economics

KSEAB II PUC non-practical subject pattern reporting

~30% theory

Commonly reported minimum theory pass for regular candidates

KSEAB pass criteria reporting (confirm current circular)

Mixed paper

Official format is objective + subjective, not pure MCQ

KSEAB/DPUE Economics model and question bank papers

English MCQ adaptation

This free local bank is not the official mixed paper format

OpenExamPrep practice policy

KSEAB II PUC Economics (code 22) is a Class 12 board subject with a mixed objective + subjective theory paper lasting about 3 hours, commonly ~80 theory + 20 internal. Pass is commonly ~30% theory plus overall rules as notified. Fees are paid through colleges. This free 2026 bank is an English MCQ study adaptation — not an official paper simulation.

Sample Karnataka II PUC Economics (KSEAB) Practice Questions

Try these sample questions to test your Karnataka II PUC Economics (KSEAB) exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Scarce resources of an economy typically have:
A.A single fixed use
B.Competing alternative uses
C.Unlimited free uses
D.No opportunity cost
Explanation: Scarcity means limited resources cannot satisfy all wants, so the same resources have competing alternative uses. Choosing one use means forgoing another, which is the basis of opportunity cost in NCERT Class 12 microeconomics.
2Which set lists the three central problems of an economy?
A.What, how, and for whom to produce
B.When, where, and why to produce
C.Save, invest, and consume only
D.Import, export, and tax only
Explanation: Because resources are scarce, every economy must decide what goods to produce, how (technique) to produce them, and for whom the output is distributed. These three central problems structure the micro introduction chapter.
3A production combination that lies inside the production possibility frontier (PPF) indicates:
A.Efficient full use of resources
B.Unattainable output with current resources
C.Inefficient or underutilised resources
D.Technological progress has already occurred
Explanation: Points on the PPF are productively efficient given resources and technology. Points inside the frontier are attainable but inefficient (unemployment or underuse of resources). Points outside are unattainable with current resources.
4Which statement is an example of positive economics rather than normative economics?
A.The government should raise the minimum wage
B.Unemployment is too high and must be reduced
C.A 10% rise in income tax revenue followed a rate change last year
D.Everyone ought to have free higher education
Explanation: Positive economics describes or explains what is (testable statements about facts and relationships). Normative economics states what ought to be (value judgments). Only the factual claim about tax revenue is positive.
5In a mixed economy:
A.Only the government owns all resources
B.Only private markets make all decisions
C.Both private markets and government play economic roles
D.There is no scarcity of resources
Explanation: A mixed economy combines market mechanisms with government intervention and public ownership in some sectors. Most real economies, including India, are mixed rather than pure market or pure command systems.
6Utility in consumer theory is best described as:
A.An objective physical measure identical for all people
B.The subjective want-satisfying capacity of a commodity
C.Always equal to market price
D.Independent of place and time
Explanation: Utility is the want-satisfying power of a good as perceived by the consumer. It is subjective and can change with person, place, and time; it is not an objective physical constant equal to price.
7If total utility (TU) from oranges rises from 28 units at 4 oranges to 30 units at 5 oranges, marginal utility of the 5th orange is:
A.2 units
B.30 units
C.58 units
D.-2 units
Explanation: Marginal utility is the change in total utility from one more unit: MU = change in TU / change in Q = (30 - 28)/1 = 2 units.
8When total utility is maximum, marginal utility is:
A.Maximum and positive
B.Zero
C.Always negative
D.Equal to average utility
Explanation: As long as MU is positive, TU rises. When TU reaches its maximum, the next unit adds zero extra satisfaction, so MU = 0. Beyond that point MU becomes negative and TU falls.
9Ordinal utility analysis measures utility by:
A.Absolute cardinal numbers only
B.Ranks or preference orderings
C.Market prices alone
D.Labour hours spent shopping
Explanation: Ordinal utility (indifference-curve approach) ranks bundles as preferred, indifferent, or less preferred without requiring cardinal utils. Cardinal utility assigns numeric utility values.
10A standard indifference curve for two goods with diminishing MRS is:
A.Convex to the origin
B.Concave to the origin
C.A straight vertical line
D.Upward sloping
Explanation: Diminishing marginal rate of substitution means as the consumer has more of X and less of Y, she gives up less Y for extra X. That produces indifference curves convex to the origin.

About the Karnataka II PUC Economics (KSEAB) Practice Questions

Verified exam format metadata for Karnataka School Examination and Assessment Board (KSEAB) II PUC Class 12 Economics (Subject Code 22) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.