List of top Economics Questions asked in CBSE Class Twelve Board Exam

On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at Factor Cost ($NDP_{FC}$): \[ \begin{array}{|l|l|l|} \hline \textbf{S. No.} & \textbf{Items} & \textbf{Amount (in ₹ crore)} \\ \hline (i) & \text{Gross Domestic Fixed Capital Formation} & 300 \\ (ii) & \text{Exports} & 70 \\ (iii) & \text{Government Final Consumption Expenditure} & 400 \\ (iv) & \text{Consumption of Fixed Capital} & 50 \\ (v) & \text{Household Final Consumption Expenditure} & 590 \\ (vi) & \text{Inventory Investment (Net)} & -60 \\ (vii) & \text{Imports} & 80 \\ (viii) & \text{Net Indirect Taxes} & 50 \\ (ix) & \text{Net Factor Income from Abroad} & 40 \\ \hline \end{array} \]

“During the colonial period the agricultural sector showed massive stagnation.” Do you agree with the given statement? Justify your answer with valid arguments.

On the basis of the data given below, estimate the value of Gross National Product at Factor Cost (GNP_FC): \[ \begin{array}{|c|l|r|} \hline \textbf{S.No.} & \textbf{Items} & \textbf{Amount (in ₹ crore)} \\ \hline (i) & \text{Wages and Salaries} & 2,000 \\ \hline (ii) & \text{Rent and Interest} & 800 \\ \hline (iii) & \text{Corporate Tax} & 500 \\ \hline (iv) & \text{Undistributed Profit} & 300 \\ \hline (v) & \text{Dividend} & 200 \\ \hline (vi) & \text{Depreciation} & 150 \\ \hline (vii) & \text{Net Factor Income from Abroad} & -50 \\ \hline \end{array} \]

(a)(i) In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources.
State and elaborate whether the statement is true or false, with valid arguments.

Distinguish between ‘Public Provision’ and ‘Public Production’.

Discuss any two salient features of the Indian industrial sector during the period of 1950-1990.

On the basis of the given information, calculate the values of the following:

Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.

For a hypothetical economy, assume the government increased infrastructural investment by ₹10,000 crore. 80% of additional income is consumed in the economy. Estimate the increase in income and the corresponding increase in consumption expenditure in the economy.