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

Discuss any two salient features of the Indian industrial sector during the period of 1950-1990.
Identify which of the following is not a Human Development Indicator (HDI).
Identify which of the following is not a member nation of G20.
Read the following statements carefully: Statement 1: Land ceiling was one of the Government policies to promote equity in the agriculture sector. Statement 2: Land reforms resulted in the abolition of the Zamindari system in the post-independence period. (Choose the correct alternative)
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative given below: Assertion (A): Goods and Services Tax (GST) was implemented by the Government of India on 8th November, 2016. Reason (R): GST was introduced to implement a unified indirect tax system in India. (Choose the correct alternative)
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): The agricultural sector under British rule was primarily the base of the sectoral growth of India. Reason (R): British rulers wanted to take maximum advantage of the Indian agricultural output for the growth of industries in England. (Choose the correct alternative)
“Gross Domestic Product (GDP) and sum of Gross Value Added (GVA) in an economy are always equal.” Justify the given statement with valid arguments.
State any two examples of private goods.
State the meaning of autonomous investment.
Explain the concept of circular flow of income in a two-sector economy.
For a hypothetical economy, the government incurs an additional investment expenditure of Rs.5,000 crore. Assuming that the Marginal Propensity to Save (MPS) becomes half from its present level of 20 percent, estimate the change in income due to this fall in MPS.
Explain the "Banker’s Bank and Advisor" function of the Central Bank of a nation.
State any three precautions to be taken while estimating National Income by Expenditure Method.
Elaborate the two components of Aggregate Supply in a two-sector economy.
Open market operations by the Reserve Bank of India (RBI) help in regulating money supply in the economy. Justify the given statement with valid arguments.
Discuss any two factors which directly affect the demand for foreign exchange of a nation.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): In case of an unfavourable Balance of Trade, the Current Account of the nation may be in surplus. Reason (R): Net invisible receipts of a nation can exceed the Net visible receipts. (Choose the correct alternative)
Read the following statements carefully: Statement 1: Constant rate of change of consumption (\(\Delta C\)) with respect to change in income (\(\Delta Y\)), is the reason for the straight-line consumption curve. Statement 2: Marginal rate of change between consumption and income is defined as Average Propensity to Consume (APC). (Choose the correct alternative)
In order to discourage any fall in Aggregate Demand, the Government of India may ------ the -----. (Choose the correct alternative to fill in the blanks)
Identify which of the following statements is incorrect with reference to an economy.
Read the following statements carefully: Statement 1: Reserve ratio and Credit creation process are inversely related. Statement 2: Central Bank of an economy performs the vital function of controlling the credit creation process. (Choose the correct alternative)
Inflationary gap in an economy may exist when ------ at full employment level.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): Voluntarily unemployed people are those able-bodied people who are not willing to work at the prevailing wage rate. Reason (R): There exists zero involuntary unemployment at full employment level of equilibrium.
Read the following statements—Assertion (A) and Reason (R). Choose one of the correct alternatives given below: 
Assertion (A): Ceteris Paribus, Devaluation of domestic currency leads to an increase in National Income of a nation. 
Reason (R): Devaluation of domestic currency refers to reduction in the value of domestic currency with respect to foreign currency, under the fixed exchange rate system. 
 
The Central Bank can reduce the Money Supply in the economy by ______ the _______. (Fill up the blanks with the correct alternative.)