CBSE Class 12 Practice Papers 2024: The Central Board of Secondary Education (CBSE) has started its annual board examinations 2024 for students of Class 10 and 12. All the board aspirants require various study materials to strengthen their preparation for the exam and boost their confidence during the practise hours. One such important study resource is practice paper that provides multiple benefits to students such as informing them about the question paper format, helping them assess their preparation, acting as a mock test, and plenty more. Here, we have brought to you the CBSE Class 12th Economics practice paper 2024 for all the students who have opted for Economics as one of their elective subjects. You will also get a PDF download link of the same to save the papers for future reference. Check further details below.
CBSE Class 12 Economics Exam Pattern and Marking Scheme 2024
Check the question paper format that will be followed for the Class 12 Economics board exam. The marking scheme and exam pattern provided below are based on the sample paper and other resources released by the board on their official website. Hence, the exact pattern and marking distribution will be followed in the board exam.
- Economics is divided into two sections, Macroeconomics and Indian Economic Development
- The paper will consist of 20 Multiple choice questions of 1 mark each
- It will consist of 4 Short Answer Questions of 3 marks each
- There will be 6 Short Answer Questions of 4 marks each
- Total 4 long answer questions of 6 marks each will be asked in the paper
- The questions are equally distributed between the two sections. Section A and B will have 10 MCQs, 2 short answer questions of 3 marks, 3 short answer questions of 4 marks each, and 2 long answer questions of 6 marks each.
- 3 marks question has to be answered in 60 to 80 words
- 4 marks question has to be answered in 80 to 100 words
- 6 marks question has to be answered in 100 to 150 words
CBSE Class 12 Economics Practice Paper 2024
Find the CBSE Class 12 Economics practice paper 2024 below. The paper is based on the format of the sample paper, thus providing students with a lot of additional details along the way such as paper format, number of questions, and much more.
| Q.No | SECTION A – MACRO ECONOMICS | Marks |
| 1 | For a closed economy (with no foreign trade), which one of the following is correct? a) GDP = GNP b) GDP > GNP c) GDP < GNP d) GDP + GNP=0 | 1 |
| 2 | Read the following statements carefully: Statement 1: The consumption curve is an upward sloping straight line curve due to the direct relationship between income and consumption and the assumption of constant Marginal Propensity to Consume. Statement 2: Aggregate Demand curve and Consumption curve are parallel to each other. In the light of the given statements, choose the correct alternative from the following: a) Statement 1 is true and statement 2 is false b) Statement 1 is false and statement 2 is true c) Both statements 1 and 2 are true d) Both statements 1 and 2 are false | 1 |
| 3 | A positive balance in the Capital Account of the Balance of Payments of a country indicates that: a) trade balance is positive b) currency is depreciating c) it is experiencing a budget surplus d) it is receiving more foreign investments than it is making abroad | 1 |
| 4 | The Reserve Bank of India can increase the money supply in the economy by ____________. (Choose the correct alternative) A. demonetisation of currency B. buying government bonds C. increasing the cash reserve ratio D. persuading banks to discourage loans | 1 |
| 5 | _________ is an institution that accept deposits for lending purposes. (Fill up the blank with correct alternative) a) Commercial Banks b) Life Insurance Corporation c) Reserve Bank of India d) Government of India | 1 |
| 6 | Punjab National Bank receives a deposit of 80,000 and the reserve requirement is 10%. If the bank decides to hold reserves equal to 20% of the deposit instead of the required amount, how much excess reserve does the bank hold? a) 4,000 b) 8,000 c) 12,000 d) 16,000 | 1 |
| 7 | Which of these do not fall under the purview of the Central Bank? P: controlling money supply Q: providing loans to citizens R: issuing currency S: holding foreign exchange reserves Alternatives: A. only S B. only Q C. Q and S D. P and R | 1 |
| 8 | “The value of all goods and services can be expressed in monetary units.” On the basis of the given statement, identify the function performed by money: a) Medium of exchange b) Store of Value c) Unit of account d) Means of standard of deferred payments | 1 |
| 9 | Read the following statement -Assertion (A) and Reason (R). Choose one of the correct alternatives given below: \ Assertion (A): Ex-post Investments represent planned Investments; whereas ex-ante Investments represent actual level of investments. Reason (R): At equilibrium level, Ex-ante Savings and Ex-ante Investments are always equal. Alternatives: a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A). c) Assertion (A) is true but Reason (R) is false. d) Assertion (A) is false but Reason (R) is true. | 1 |
| 10 | Read the following chart carefully and choose the correct alternative: Alternatives: a) Interest received on loans b) Multilateral Loans c) Portfolio Investment d) Government Aid | 1 |
Click on the link below to download CBSE Class 12 Economics Practice Paper 2024 PDF
Benefits of Practice Papers
- Acts as reliable practise material
- Provides inputs related to the question paper pattern and marking scheme to be followed in the exam
- Boosts confidence in students
- Helps them analyse their weaknesses and strengths
- Strengthens overall preparation of students
Important Resources:
CBSE Class 12 Economics Syllabus 2024
CBSE Class 12 Economics Deleted Syllabus 2024
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