CBSE class 12 economics exam is scheduled on Mar 26, 2018. As study holidays are closing in, here are some important topics, and section-wise important questions for students to go through and prepare in the last minute.
Scan these questions and solve the answers to ace the economics exam. All the best! Before we start with the important questions, let's first take a look at the syllabus, exam pattern and marks pattern to get a clearer idea.
CBSE Class 12 Economics Syllabus
CHAPTER NUMBER | CHAPTER NAME |
1 | Introduction to Microeconomics |
2 | Consumer's Equilibrium and Demand |
3 | Producer Behaviour and Supply |
4 | Forms of Market and Price Determination Under Perfect Competition With Simple Applications |
5 | National Income and Related Aggregates |
6 | Money and Banking |
7 | Determination of Income and Employment |
8 | Government Budget and the Economy |
9 | Balance of Payments |
CBSE Class 12 Economics Marks Pattern
CHAPTER NUMBER | MARKS ALLOCATED |
1 | 4 |
2 | 13 |
3 | 13 |
4 | 10 |
5 | 10 |
6 | 6 |
7 | 12 |
8 | 6 |
9 | 6 |
CBSE Class 12 Economics Exam Pattern
ANSWER TYPE | NUMBER OF QUESTIONS | MARKS PER ANSWER | TOTAL MARKS |
Very Short Answer | 8 | 1 | 8 |
Short Answer I | 4 | 3 | 12 |
Short Answer II | 6 | 4 | 24 |
Long Answer | 6 | 6 | 36 |
CBSE Class 12 Economics Chapter-wise Important Topics
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CHAPTER NUMBER | TOPIC NAME |
1 | Economics and Its Types |
2 | Budget, Demand and Plastic Elasticity |
3 | Concept of Production Function and Cost Function |
4 | Concept of Revenue, Supply and Supply Elasticity |
5 | Investment, Stock and Flows |
6 | Methods of Calculating National Income |
7 | Barter System and Money and Central Bank |
8 | Problems of Deficient and Excess Demand |
9 | Foreign Exchange Rate |
CBSE Class 12 Economics Important Very Short Answer Type Questions
(One Mark Questions)
Chapter Number | Questions |
1 | Definition and examples of micro and macro-economics |
2 | Definition of utility and marginal utility |
3 | Definition and formulae of types of cost |
4 | Factors affecting supply, supply curve and law of supply |
5 | Components of investment, types of investment and types of income |
6 | Income method, expenditure method, formulae to calculate income |
7 | Evolution of money, forms of money, drawbacks of barter system |
8 | Types of employment equilibrium, deflationary gap, deficient demand |
9 | Types of exchange rate systems, merits of fixed exchange rate |
Also Read: How To Score 90 Percentile In CAT?
CBSE Class 12 Economics Important Short Answer Type Questions
(Three Mark Questions)
Chapter Number | Questions |
1 | What is the difference between planned economy and market economy? |
2 |
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4 |
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5 | Explain the circular flow of income |
6 | Calculation of sales from data provided |
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9 | What impact does doubling on import of gold duty have on the market and how? |
CBSE Class 12 Economics Important Short Answer Type Questions
(Four Mark Questions)
Chapter Number | Questions |
1 |
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2 |
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3 |
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4 |
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5 |
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6 | Calculate Gross National Product with data provided. |
7 |
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8 | Explain concept of excess demand in macroeconomics |
9 | How is foreign exchange rate determined in the market? |
CBSE Class 12 Economics Important Long Answer Type Questions
(Six Mark Questions)
S.NO. | QUESTIONS |
1 | Give the meaning of foreign exchange and foreign exchange rate explaining the relation between foreign exchange and its demand. |
2 | Explain the changes that will take place in an economy when aggregate demand is not equal to aggregate supply. |
3 | State the functions of money. |
4 | Explain the three properties of indifference curve. |
5 | Explain the conditions of consumer's equilibrium under indifference curve. |