CBSE Class 12 Economics 2024
129 questions · 349 marks · every one with the board’s own marking-scheme answer.
Marks by chapter
Counted from the 129 questions listed below, as the 2024 papers print them. CBSE allocates marks per unit, not per chapter — this is what was observed, not an official CBSE weightage. Every year compared →
| Chapter | Marks | Share |
|---|---|---|
| Determination of Income and Employment21 questions | 45 | 12.9% |
| National Income Accounting12 questions | 42 | 12.0% |
| Rural Development13 questions | 34 | 9.7% |
| Government Budget and the Economy5 questions | 30 | 8.6% |
| Comparative Development Experiences of India and its Neighbours16 questions | 28 | 8.0% |
| Indian Economy 1950-19908 questions | 27 | 7.7% |
| Money and Banking11 questions | 26 | 7.4% |
| Liberalisation, Privatisation and Globalisation: An Appraisal6 questions | 23 | 6.6% |
| Human Capital Formation in India8 questions | 22 | 6.3% |
| Open Economy Macroeconomics13 questions | 21 | 6.0% |
| Indian Economy on the Eve of Independence7 questions | 19 | 5.4% |
| Employment: Growth, Informalisation and Other Issues6 questions | 17 | 4.9% |
| Environment and Sustainable Development3 questions | 15 | 4.3% |
129 questions from 2024
- Q1Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given below:…1 mk
- Q1Read the following statements carefully: Statement 1: A consumption function describes the relationship between…1 mk
- Q1Read the following statements carefully: Statement 1: If in an economy the level of income increases (ΔY), it will…1 mk
- Q2Identify the correct equation from the following:1 mk
- Q2Identify which of the following statements is incorrect with reference to an economy.1 mk
- Q2Identify which of the following is not one of the merits of fixed exchange rate system.1 mk
- Q3Read the following statements – Assertion and Reason (R). Choose the correct alternative given below: Assertion: Full…1 mk
- Q3Identify which of the following will appear on the debit side in the Capital Account of India’s Balance of Payments.1 mk
- Q3Inflationary gap in an economy may exist when at full employment level. (Choose the correct alternative to fill in the…1 mk
- Q4Study the following figure carefully and choose the correct alternative to fill in the blank: Alternatives:1 mk
- Q4According to the Reserve Bank of India’s (RBI’s) Statistical Supplement released on 19th May, 2023: “India’s foreign…1 mk
- Q4“As per the National Stock Exchange (NSE) data, dated 9th June, 2023, there was a net selling off worth ₹ 309 crore by…1 mk
- Q4Read the following statements carefully: Statement 1: Constant rate of change of consumption (ΔC) with respect to…1 mk
- Q5Identify the incorrect feature(s) of money supply (M_1 ) from the following: (i) It is measured at a point of time.…1 mk
- Q5Read the following statements carefully: Statement 1: Reserve ratio and Credit creation process are inversely related.…1 mk
- Q5Read the following statements carefully: Statement 1: Economic territory and political frontier of a nation are one and…1 mk
- Q6In order to discourage any fall in Aggregate Demand, the Government of India may the. (Choose the correct alternative…1 mk
- Q6Total consumption expenditure by households under Keynesian Economics is a combination of and. Choose the correct…1 mk
- Q6Read the following statements carefully: Statement 1: Money is a commodity which is generally accepted as a medium of…1 mk
- Q7Choose the correct alternative to complete the given schedule: Round Deposits Loans (90%) Reserve Ratio (10%) I 2000…1 mk
- Q7Suppose in an imaginary economy, autonomous consumption = ₹ 500 crore and marginal propensity to consume = 0·8. The…1 mk
- Q7Find the missing figures and choose the correct alternative: Round Deposits Loans (80%) Reserve Ratio (20%) I 5000…1 mk
- Q8Surplus in Balance of Payments (BOP) refers to the excess of. (Choose the correct alternative to fill in the blank)1 mk
- Q8Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given below:…1 mk
- Q8Identify the correct pair of statements given in Column I with the related terms in Column II: Column I Column II 1.…1 mk
- Q9Read the following statements carefully: Statement 1: Constant rate of change of consumption (ΔC) with respect to…1 mk
- Q9Suppose for a hypothetical economy: C = 100 + 0·75Y (where C = Consumption and Y = Income) I_0 = 400 (I_0 = Autonomous…1 mk
- Q9Identify the incorrect statement with reference to Cash Reserve Ratio (CRR):1 mk
- Q10Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given below:…1 mk
- Q10Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given below:…1 mk
- Q10Suppose, the Balance of Trade of an imaginary economy shows a favourable balance of ₹ 500 crore. The values of…1 mk
- Q11“Accommodating transactions are undertaken to maintain stability in the Balance of Payments Account.” Justify the given…3 mk
- Q11On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at Factor…3 mk
- Q11On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at Factor…3 mk
- Q11On the basis of the given data, estimate the value of National Income: S.No. Items Amount (in ₹ crore) (i) Government…3 mk
- Q12Distinguish between fixed exchange rate system and flexible exchange rate system.3 mk
- Q12Discuss any two factors which directly affect the demand for foreign exchange of a nation.3 mk
- Q12Distinguish between fixed exchange rate system and flexible exchange rate system.3 mk
- Q12State any three precautions to be taken while estimating national income by income method. OR On the basis of the given…3 mk
- Q12On the basis of the data given below, estimate the value of Gross National Product at Factor Cost (GNP_FC ): S.No.…3 mk
- Q13“In an economy, ex-ante Aggregate Supply is more than ex-ante Aggregate Demand.” Explain its impact on the level of…4 mk
- Q13For a hypothetical economy, assume the government increased an infrastructural investment by ₹ 10,000 crore. 80% of…4 mk
- Q13Elaborate the two components of Aggregate Supply in a two-sector economy.4 mk
- Q13Complete the following table. Construct/Express the Consumption function at ₹ 200 crore level of income. Income (Y) (in…4 mk
- Q14“An increase in the credit creation capacity of commercial banks has a direct impact on the money supply in an…4 mk
- Q14“Open market operations by Reserve Bank of India (RBI) help in regulating money supply in the economy.” Justify the…4 mk
- Q14For a hypothetical economy, assume the government increased an infrastructural investment by ₹ 20,000 crore. 80% of…4 mk
- Q14Justify the following statements with valid arguments: The Central Bank is the sole currency issuing authority of an…4 mk
- Q14“If actual demand for final goods falls short of the actual output of final goods corresponding to full employment…4 mk
- Q15For a hypothetical economy, the government incurs an additional investment expenditure of ₹ 5,000 crore. Assuming that…4 mk
- Q15Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023: “The Reserve Bank of India’s (RBI’s)…4 mk
- Q15Reserve Bank of India undertakes the important function of managing the government’s banking transactions. Discuss the…4 mk
- Q15For a hypothetical economy, assume the government increased an infrastructural investment by ₹ 30,000 crore. 80% of…4 mk
- Q16(i) Study the following chart carefully and analyse the changing trends in the government expenditure on: (I)…6 mk
- Q16(i) Explain the concept of circular flow of income in a two-sector economy. (ii) “Gross Domestic Product (GDP) and sum…6 mk
- Q16Classify the following as Revenue receipts or Capital receipts. Give valid arguments in support of your answer: (i)…6 mk
- Q16(i) Distinguish between direct tax and indirect tax with the help of examples. (ii) Explain the ‘reallocation of…6 mk
- Q16(i) Distinguish between direct tax and indirect tax with the help of suitable examples. (ii) Explain the…6 mk
- Q16Discuss briefly the concept of circular flow of income in a two-sector model. “Real Gross Domestic Product (GDP) is a…6 mk
- Q17On the basis of the given information, calculate the values of the following: (i) Fiscal Deficit (ii) Primary Deficit…6 mk
- Q17Discuss briefly the concept of circular flow of income in a two-sector model. “Real Gross Domestic Product (GDP) is a…6 mk
- Q17Read the following text carefully: Decisions taken by factors of production in the production process often may affect…6 mk
- Q18During the British rule, India’s foreign trade had various features except. (Choose the correct alternative to fill in…1 mk
- Q18Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given below:…1 mk
- Q18Read the following statements – Assertion and Reason (R). Choose the correct alternative given below: Assertion: The…1 mk
- Q19In the decade of the 1970s, Pakistan nationalized its industries. (Choose the correct alternative to fill in the blank)1 mk
- Q19Identify which of the following alternatives are not true with reference to the Chinese economy. (i) In 1958, communes…1 mk
- Q19China was able to control its rapid population growth rate owing to. (Choose the correct alternative to fill in the…1 mk
- Q20Which of the following is/are not an objective of regulated agricultural market? (i) To discourage improvement of…1 mk
- Q20Modernization is an important economic planning objective that focuses on. (Choose the correct alternative to fill in…1 mk
- Q20Read the following statements carefully: Statement 1: Under the colonial rule, basic infrastructure (like railways,…1 mk
- Q21Identify which of the following alternatives indicate the incorrect components combination of Agriculture Marketing…1 mk
- Q21The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where.…1 mk
- Q21Read the following statements carefully: Statement 1: Land ceiling was one of the Government policies to promote equity…1 mk
- Q22farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance. (Choose the correct…1 mk
- Q22Read the following statements: Assertion and Reason (R). Choose the correct alternative given below: Assertion: Goods…1 mk
- Q22Read the following statements – Assertion and Reason (R). Choose the correct alternative given below: Assertion: World…1 mk
- Q23Read the following statements carefully: Statement 1: India, Pakistan and China have similar physical endowments, but…1 mk
- Q23Identify which of the following is not a member nation of G20.1 mk
- Q23Read the following statements – Assertion and Reason (R). Choose the correct alternative given below: Assertion: China…1 mk
- Q24Identify from the following alternatives the incorrect objectives of regulated agriculture market: (i) To make the…1 mk
- Q24Production of varied forms of crops against one specialised crop is called diversification of. (Choose the correct…1 mk
- Q24Identify the sources of Human Capital Formation and choose the correct alternative to fill in the blanks. Alternatives:1 mk
- Q25Economic reforms were introduced in India and Pakistan in the years and, respectively. (Choose the correct alternative…1 mk
- Q25From the type of workers given in Column I, identify the correct nature of work in Column II: Column I Column II 1.…1 mk
- Q25Identify which of the following is not a Human Development Indicator (HDI).1 mk
- Q26Read the following statements carefully: Statement 1: Human development is based on the idea that education and health…1 mk
- Q26Read the following statements carefully: Statement 1: As per the National Sample Survey Organization (NSSO),…1 mk
- Q26After the implementation of economic reforms, Pakistan experienced slowdown of growth due to various reasons including.…1 mk
- Q27Identify which of the following is not a member nation of G20:1 mk
- Q27On the basis of the data given below, identify the incorrect statement with reference to annual growth of GDP (%):…1 mk
- Q27Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given below:…1 mk
- Q28“Recently, the Government of India launched Jan-Dhan Yojana.” In the light of the given statement, discuss briefly the…3 mk
- Q28“During the colonial period, the occupational structure showed lopsided movements.” Do you agree with the given…3 mk
- Q28“In India, National Education Policy 2020 has stressed a lot on in-service training of the teachers.” (i) Identify the…3 mk
- Q28“Micro-credit programmes have helped to fill in the gaps in the formal credit system.” Justify the given statement. OR…3 mk
- Q28“Trade and Investment Policy of India had undergone comprehensive changes in the post reforms period of 1991.” Do you…3 mk
- Q28“Self-Help Groups provide stimulus to socio-economic development in rural areas.” Justify the given statement with…3 mk
- Q28“In India, National Education Policy 2020 has stressed a lot on in-service training of the teachers.” (i) Identify the…3 mk
- Q29“In India, National Education Policy 2020 has stressed a lot on in-service training of the teachers.” (i) Identify the…3 mk
- Q29Elaborate the reasons owing to which the private sector was regulated under the Industrial Policy Resolution, 1956. OR…3 mk
- Q29“During the colonial period the agricultural sector showed massive stagnation.” Do you agree with the given statement?…3 mk
- Q29“In India, National Education Policy 2020 has stressed a lot on in-service training of the teachers.” (i) Identify the…3 mk
- Q29Discuss any two salient features of Indian industrial sector during the period of 1950 – 1990. OR Describe any two…3 mk
- Q29Interpret the given picture and explain any one strategy to control it from becoming an ecological disaster.3 mk
- Q30State any two advantages of micro-credit system in rural areas of India. “In the current situation, Information…4 mk
- Q30“United Nations Department of Economic and Social Affairs indicated that India has overtaken China as the world’s most…4 mk
- Q30Discuss any two factors that lead to stagnating Indian agriculture sector during British rule. OR Discuss any two…4 mk
- Q30“United Nations Department of Economic and Social Affairs indicated that India has overtaken China as the world’s most…4 mk
- Q30From the given data, compare and analyse India and China’s sectoral contribution towards Gross Value Added (GVA).…4 mk
- Q31State and elaborate whether the following statements are true or false, with valid arguments: (i) Organic Farming has…4 mk
- Q31“There exists a positive correlation between human capital formation and economic growth of a nation.” Justify the…4 mk
- Q31State and elaborate whether the following statements are true or false, with valid arguments: (i) In the recent past,…4 mk
- Q32On the basis of the data given below, discuss the shift in output and employment sector-wise, in India and China:…4 mk
- Q32State any two advantages of micro-credit system of financing in rural areas of India. “In the current situation,…4 mk
- Q32Discuss any two benefits accruing from human capital formation.4 mk
- Q32Study the given image carefully: Identify the situation depicted in the image and suggest the impact of the indicated…4 mk
- Q32(i) Define worker – population ratio and describe its usefulness. (ii) State the meaning of ‘Disguised Unemployment’.…4 mk
- Q32State any two problems faced by farmers during the initial years of organic farming. “In the current situation,…4 mk
- Q33(i) “Amita is a regular worker in a private firm that employs twelve hired workers.” Is she working in the…6 mk
- Q33(i) “Under the liberalisation measures taken by the Government of India, Trade and Investment Policy reforms were…6 mk
- Q33(i) “The real motive behind infrastructural development in India was to strengthen the British interests.” Do you agree…6 mk
- Q33(i) “Every coin has two sides — debate over farm subsidies is one such classic example of the same.” Justify the given…6 mk
- Q33(i) “Under the liberalisation measures taken by the Government of India, regulation of industrial sector was extremely…6 mk
- Q33(i) “India’s inward looking trade policy during the post independence period was well supported by various tariff and…6 mk
- Q33(i) “Under the liberalisation measures taken by the Government of India, financial sector reforms were extremely…6 mk
- Q34Read the following text carefully: India’s industrial policy since independence has been shaped broadly in terms of the…6 mk
- Q34Read the following text carefully: In the contemporary world with a lot of sustainable development concerns, green…6 mk
- Q34Read the following text carefully: In order to address two major environmental concerns in India, viz. water and air…6 mk
Other Economics years
Answers come from CBSE’s own marking schemes. How we source them.