Absolutley not - its HIGHLY LIKELY that you will get a question on this dot point. For exmaple last year's question on Weimar Germany adn Hitler's Nazi Party required you talk about the impact of conservatives on Germany in the period 1918-1933. Basically the 'conservative' part refers to the right wing Prussian aristocracy (i.e. people like the judges and the teachers, who circulated the stab in the back legend and actively encouraged acts against the Weimar Republic whom they beileved was too liberal).Conservatives also links to the big cartels who joined in supporting the Nazis, because they wanted authoritive leadership during times of crisis.
Meanwhile the 'elite' refers to people in the army such as Schliecher adn von Papen, and how their manoevring undermined the Republic and highlighted the flaws in teh constitution, and led to the ascession of Hitler as Chancellor. You probably already have notes on this, I daresay its just that you didn't quite understand what the dotpoint asked, thats all
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