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Most Expected Questions in Economics Class 12 CBSE Board Exam: CBSE is currently conducting its annual board examinations for all streams of Class 12. It has scheduled the CBSE Class 12 Economics board exam 2024 on March 18, 2024. All the students who will be appearing for the exam must be looking for some extra reference materials to boost their preparation and confidence at the same time. To ensure that all of our students sit well prepared for the exam, we have brought to you CBSE Class 12 Economics Most Expected Questions along with their answers, for board exams 2024. Students can check the complete list of expected questions and download the PDF as per their convenience.
However, we would like to bring to your attention that these questions have a chance of coming in the exam but there is no guarantee that the same questions will be asked in the paper. The motive behind providing this list to you all is to ensure that students are well-equipped with the right and authentic study resources for their preparation process. The list of questions provided below has been specially curated by us after thoroughly analysing the past trends, previous year question paper, sample papers, and more such official documents.
Most Expected CBSE Class 12 Economics Questions
Check the CBSE Class 12 Economics Most Expected Questions for board exam 2024 below. The list of questions has been prepared based on the sample papers, previous year papers, frequently asked questions in the boards, and more such authentic resources.
1. GDP Questions
The CBSE Class 12 Economics board paper often asks GDP-related questions in the boards. The previous year's question papers, sample papers, current model papers, and additional papers all have atleast a GDP-related question in the 6-mark segment. Hence, students should not miss out on the GDP portion of the textbook and practise questions such as what is GDP, numericals related to it, how to calculate one, and more.
Note: It is important for students to read the GDP portion line by line in detail
2. Image-Based Questions
The sample paper released by CBSE consists of a few image-based questions under the 4-mark and 6 mark segments. Hence, students should be ready to analyse the image and provide an appropriate answer in the exam. The previous year's papers and sample papers also had such questions and hence we are expecting that a similar question will be asked in the upcoming CBSE Class 12 Economics board exam.
3. Government Budget
Government budget-related questions such as numericals, long answer form questions, MCQs are often asked in the CBSE Class 12 Economics board exams. A variety of questions from this topic can be asked in the exam and students can expect atleast one question from this section in the exam. Reading the chapter thoroughly and understanding terms such as total expenditure, fiscal deficit, direct and indirect tax, revenue deficit, union budget, and more is essential for students.
4. National Income and Aggregates
A lot of numerical questions from the chapter are often asked in the boards. Hence, one should memorise different aggregates and know the formulas to calculate each one of them. Prepare questions such as explain the circular flow of income, precautions to be taken while calculating income and expenditure, and many more.
a) Explain circular flow of income in 2 sector economy?
b) Explain the limitation of GDP as welfare.
c) Exaplain problem of double counting and how it should be avoided.
Also Check: CBSE Class 12 Economics Important Questions for Board Exam 2024
5. Money and Banking
This is again a crucial part of Class 12 Economics which consists of a variety of questions and has a high tendency of appearing in CBSE Board Exams 2024. Previous year question papers and sample papers also have atleast one question from this segment in the board paper. MCQs, short-form questions are often asked from this part. Students should focus on topics such as money supply, Central Bank, and more topics.
a) What is meant by money supply? Discuss in brief, the M1 constituents of money supply.
b) Explain the process of money creation by commercial bank, giving a numerical example
c) Explain the following functions of central bank: Banker's bank, Government bank, Supervisory bank, Bank of issue
6. Case-Based/Passage Based
CBSE has diverted its focus towards competency-based questions and hence case study questions are highly expected to be asked in the upcoming board exam 2024. This will come under the 6-mark segment and students will have to read the excerpt provided to you. The source of the passage is also mentioned in the question for your reference. Students have to read the passage or case-study and answer the questions asked based on it. Practise of such questions can help you all easily solve the question in the exam. Therefore, students should definitely solve atleast 10 case-based questions before appearing for the exam. Check the links attached at the bottom for getting access to study materials.
7. Assertion/Reasoning
This is another important and most expected question for CBSE Class 12 Economics board exam 2024, given the changes implemented by the board. The sample paper 2024 also has such questions in both parts Macro Economics and Indian Economic Development. Though there is a high chance of these questions being asked in the exam, there’s no surety on from which chapter it would be asked. So, students should ensure that they know the process of solving it quickly and clear their concepts for better performance.
8. RBI Related Question
Another very important topic is RBI. A lot of questions from this single topic have been asked previously in the board exam multiple times and students can expect a question from it either in the form of MCQ or question answer. The roles and responsibilities of RBI, what is RBI, how it functions, and such basic details are quite important since direct questions from this topic are mostly asked in the paper.
Also Check: CBSE Class 12 Economics Important MCQs for Board Exam 2024
9. Differentiate Between
A lot of state the differences between types of questions are asked in the Class 12 Economics board exam and the same can be highly expected in the upcoming boards. Students They are mostly to be asked under 3 or 4 mark segment. Some of the topics from where such questions can be asked are
a) Real GDP vs Nomial GDP
b) Stock and Flow
c) Direct and indirect taxes
d) Revenue and Capital expenditure
e) Final goods and Intermediate goods
f) Revenue deficits and capital receipts, and a lot more.
10. Green Revolution/Agricultural Reforms/Demonetization
These are also quite important from a board exam perspective since a lot of questions in the past have been asked about these topics. It can also come in the form of a case study, image-based, MCQ, or direct question-answer format. Hence, students must prepare these topics nicely and cover them widely to ensure that they end up answering each question asked from the mentioned topics.
a) What are the main reasons for stagnation in agricultural sector? (explain land settlement system)
b) Explain the types of land reforms implemented in the agricultural sector.
c) What is Green Revolutions and write down its impact.
d) What is Demonetization and write down some salient features of one that took place in our country recently.
Note: Students should also be aware of the current affairs on the economy of the country, major changes made in the recent past, any important scheme/policy launched by the government, and such topics. A question can be asked from the current affairs.
Important Resources for CBSE Class 12 Economics Board Exam 2024
CBSE Class 12 Economics Syllabus 2024
CBSE Class 12 Economics Sample Paper 2024
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