List of top Questions asked in CBSE CLASS XII

Discuss briefly, causes and consequences of tax reforms taken by the Indian Government during economic reforms.

Informalisation of workforce in India has increased various concerns on the front of employment generation among the youth of the country. State and elaborate whether the statement is true/false with valid arguments.

In the Indian rural landscape, agricultural diversification has emerged as a solution for a lot of farmers’ problems. State and elaborate whether the statement is true/false with valid arguments.

State the meaning of sustainable development.

Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative from the options given below:
Assertion (A): Excessive regulation of permit license raj prevented certain private firms from becoming more efficient.
Reason (R): Private sector wasted a significant time in obtaining licenses rather than enhancing product quality and international competitiveness.

Describe ‘LPG’ and ‘Gobar Gas’ as strategies used to achieve sustainable development in rural areas.

Appraise the Navratna policy adopted by the Government of India in the reforms of 1991.

Distinguish between human capital and physical capital.

Elaborate the economic reforms in agriculture sector undertaken by China.

Suppose an economy is experiencing a situation of rise in Real Gross Domestic Product (GDP), without any corresponding rise in employment opportunities. In economic parlance, such a situation is termed as _________ growth. (Choose the correct option to fill in the blank)

“Under the British rule, India underwent systematic economic exploitation with its resources and wealth being diverted to Britain.” Justify the given statement with valid explanation.

Identify, which of the following statements is incorrect about the Rural Banking system in India. (Choose the correct option)

In the post-independence era, the policy makers of India pushed for ‘self-reliance’ for the first _______ Five Year Plans. (Choose the correct option to fill in the blank)

Production of diverse varieties of crops rather than one specialized crop is known as diversification of __________. (Choose the correct option to fill in the blank)

Read the following statements carefully:
Statement 1: The Food Corporation of India maintains buffer stocks of wheat and rice as a measure to improve market mechanism.
Statement 2: Minimum Support Price (MSP) is imposed by the government to safeguard the interest of farmers.
In the light of the given statements, choose the correct option from the following:

``All producer goods are essentially capital goods.''
Defend or refute the given statement, with the help of a suitable example.

Elaborate the process of Credit Creation using a suitable numerical example.

Elaborate the likely impact of construction of two new Express Highways on the Gross Domestic Product (GDP) and Welfare in an economy.

On the basis of the following data, estimate the value of National Income (NNP\textsubscript{FC}):

S.No.	Items	Amount (in ₹ crore)
(i)	Household Consumption Expenditure	\( 800 \)
(ii)	Gross Business Fixed Capital Formation	\( 150 \)
(iii)	Gross Residential Construction Investment	\( 120 \)
(iv)	Government Final Consumption Expenditure	\( 270 \)
(v)	Excess of Imports over Exports	\( 20 \)
(vi)	Inventory Investments	\( 50 \)
(vii)	Gross Public Investments	\( 130 \)
(viii)	Net Indirect Taxes	\( 20 \)
(ix)	Net Factor Income from Abroad	\( -25 \)
(x)	Consumption of Fixed Capital	\( 40 \)

Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative from the options given below:
Assertion (A): Information plays a crucial role in judicious decision-making about investing in human capital.
Reason (R): Individuals invest to acquire information about the labour market and other areas such as education and healthcare.

Read the following statements carefully:
Statement 1: The British policies were accountable for commercialisation of Indian agriculture.
Statement 2: In the larger interest of Indians, the British rulers focused on the infrastructural growth of India.
In the light of the given statements, choose the correct option from the following:

Read the following text carefully:
\textit{``This function of money provides different items to be evaluated against a common standard. It allows comparison of prices and keeping financial records.''}
(i) On the basis of the given text, identify the indicated function of money.
(ii) List any other two functions of money.

"Taxation is an effective tool to reduce the inequalities of income." Justify the given statement with valid reasons.