Karnataka 2nd PUC Economics Important Questions 2026

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Karnataka 2nd PUC Economics Important Questions 2026 are taken from the previous year's question papers. Solving these questions regularly after completing the Karnataka 2nd PUC Economics Syllabus 2025-26 will help you to easily write effective answers. While practicing the questions, you will learn to add all the important points in the answers. Moreover, you will also be able to manage time while attempting all the questions. From the article below, you can check the important questions and marks allotted to them. Regularly practice them to prepare well for exams. Continue reading the article in detail.

Karnataka 2nd PUC Economics Important Questions for 1 Mark

Q1. Which of the following is an example of micro economics study?

1. National Income
2. Consumer Behaviour
3. Unemployment
4. Foreign Trade

Q2. A market structure which produces heterogeneous product is called

1. Monopoly
2. Monopolistic competition
3. Perfect Competition
4. None of the above

Q3. Price taking behaviour is the single most distinguishing characteristic of _____ market.

Q4. Match the following.

A                                                    B

Service of a teacher                          i) Wages

TC + TVC                                        ii) Intermediate goods

Perfect competition                          iii) TC

Labour                                             iv) Skill

Raw materials                                  v) Perfect information

Q5. Answer any five of the following questions in a word or sentences.

1. What do you mean by Cardinal Utility Analysis?
2. Write the formula to calculate Average Revenue.
3. Define Market equilibrium.
4. Give the meaning of Monopolistic competition.
5. Give the meaning of GDP.
6. Write the meaning of autonomous consumption.
7. Who are free-riders?
8. What is balance of trade?

Q6. The Government imposed lower limit on the price of goods and services is called
a) Goods floor
b) Service floor
c) Price floor
d) Income floor

Also Read Karnataka 2nd PUC Economics Exam Pattern 2026

Karnataka 2nd PUC Economics Important Questions for 2 Marks

Q1. What do you mean by Inferior goods? Give examples.

Q2. What are the four factors of production? Mention their rewards.

Q3. State the meaning of average revenue and marginal revenue.

Q4. Distinguish between surplus budget and deficit budget.

Q5. How price is determined when fixed number of firms exist in perfect competition?

Q6. Write the differences between public provision and public production.

Karnataka 2nd PUC Economics Important Questions for 4 Marks

Q1. Briefly explain in what way Macro Economics is different from Micro economics?

Q2. Explain lsoquant with the help of the diagram.

Q3. Briefly in what way Macroeconomics is different from Microeconomics?

Q4. Write a note on Balance of Trade.

Q5. Write a short note on profit maximisation of a firm under the following conditions

1. a) P = MC
2. b) MC must be non decreasing at q0

Q6. Define equilibrium price and quality.

Karnataka 2nd PUC Economics Important Questions for 6 Marks

Q1. Explain the law of diminishing marginal utility with the help of a table and diagram.

Q2. Explain the open market operation.

Q3. The market demand curve for a commodity and the total cost for a monopoly firm producing the commodity is given by the schedules below, use the information to calculate the following:
Table 1-

Table 2-

1. a) The MR and MC schedules.
2. b) The quantity for which the MR and MC are equal
3. c) The equilibrium quantity of output and the equilibrium price of the commodity.
4. d) The Total revenue, the Total Cost, and Total Profit in equilibrium.

Q4. Write the story of Gold Smith Lala on the process of deposit and loan (credit).

Q5. Explain the total revenue and average revenue of the firm under perfect competition market with the help of a diagram.

Q6. Write down some of the limitations of using GDP as an index of welfare of a country.

Also Read Karnataka 2nd PUC Previous Year Question Paper 2026

Which chapters have more weightage in Karnataka 2nd PUC Economics?

Among all the chapters in Macroeconomics and Microeconomics, Theory of Consumer Behaviour and Open Economy Macroeconomics have the highest weightage. Based on these chapters, the questions will be asked in the objective type, short answer type questions and long answer type questions. From each of the chapters, questions worth 20 marks will be asked. You should solve the questions after completing Economics syllabus. The regular practice will help you analyze your strengths and weaknesses and enable you to perform better in board exams.

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