List of top Questions asked in CBSE CLASS XII

"In the 1990s, on the advice of Reserve Bank of India (RBI), the Government of India took a decision of hypothecation of gold reserves to different nations."
In the light of the above statement, discuss briefly the role of the Central Bank as Banker, Agent, and Adviser to the Government.
Calculate Net Domestic Product at Market Price (NDP\textsubscript{MP}) from the data given below:
S. No.ParticularsAmount (in ₹ lakh)
(i)Gross Domestic Product at Factor Cost2200
(ii)Subsidies50
(iii)Indirect Taxes70
(iv)Net Factor Income from Abroad100
(v)Consumption of Fixed Capital150
(vi)Net Exports40
Define Net Factor Income from Abroad (NFIA) and discuss its components.
Estimate the value of Aggregate Demand (AD) in an imaginary economy:
State the meaning of propensity to consume.
"An economy is operating at under-employment level of income." What does this situation indicate? Discuss any one fiscal measure to tackle this situation.
Using the given information, complete the following table:
Income (Y)
(in ₹ crore)		Savings 
(in ₹ crore)		Consumption 
(in ₹ crore)		Average Propensity to Consume (APC)
0(i)30-
1000301
200301700.85
300602400.8
Identify, which of the following is not a source of demand for foreign exchange.
Suppose in an economy, planned spending is greater than planned output. Identify the correct option with respect to effects on the economy:
(i) Decrease in planned inventories in the economy
(ii) Rise in National Income
(iii) Decrease in real output level in the economy
(iv) Decrease in employment level in the economy
Read the following statements carefully:
Statement 1: The price of a given currency in terms of another is known as bank rate.
Statement 2: Demand curve for foreign exchange is a downward sloping curve.
Distinguish between autonomous transactions and accommodating transactions in the Balance of Payments of the economy.
"Indian economy has hugely benefited by the disinvestment policy adopted by the Government of India in the post-1991 period." Defend or refute the given statement with valid arguments.
If the value of Investment Multiplier (K) is 5, the relevant saving function would be ___________.
Identify, which of the following items will not be included in estimating National Income of India.
If an upward sloping straight line consumption function makes an intercept at the Y-axis at a positive coordinate, it implies that Marginal Propensity to Consume (MPC) _______ and Average Propensity to Consume (APC) _______ as the income increases.
Read the following statements – Assertion (A) and Reason (R) carefully. Choose the correct option from those given below :
Assertion (A): Other things remaining constant, devaluation of domestic currency may lead to rise in National Income of the nation.
Reason (R): Devaluation of domestic currency refers to reduction in the value of domestic currency by the government with respect to foreign currency under the fixed exchange rate system.
Central Bank can decrease the money supply in the economy by ________ .
If the total credit created by the banks is ₹ 500 and Reserve Ratio is 20\%, the value of primary deposits would be ________ .
Distinguish between Tariffs and Quotas.
Discuss the likely impact of the construction of 20 new hospitals in a country on the Gross Domestic Product (GDP) and Welfare in the economy.
Read the following statements carefully:
Statement 1: The British policies were accountable for the commercialization of Indian agriculture.
Statement 2: In the larger interest of Indians, the British rulers focused on the infrastructural growth of India.
Elaborate the reasons responsible for emergence of poverty in Pakistan.
Organic farming offers a means to substitute costlier agricultural inputs with locally produced organic inputs.
“Indian economy has greatly benefitted by the process of globalisation.”
Justify the given statement with valid arguments.
Discuss briefly the foreign exchange reforms undertaken by the Government of India in the post 1991 period.