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

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): The equilibrium level of income is determined when ex-ante spending and ex-ante output are equal.
Reason (R): The equilibrium level of income may or may not be the same as the full employment level of output.

Identify the incorrect statement with reference to Cash Reserve Ratio (CRR):

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): The maximum value of Marginal Propensity to Save (MPS) can be unity.
Reason (R): At the break-even level of income, savings are zero.

Suppose in an imaginary economy, autonomous consumption = Rs. 500 crore and marginal propensity to consume = 0.8. The saving function for the economy would be ________ . (Choose the correct alternative to fill in the blank):

Read the following statements carefully:
Statement 1: Money is a commodity which is generally accepted as a medium of exchange.
Statement 2: Money solved the problem of double coincidence of wants.
In the light of the given statements, choose the correct alternative from the following:

Read the following statements carefully:
Statement 1: Economic territory and political frontier of a nation are one and the same thing.
Statement 2: American Embassy in India is a part of the economic territory of India.
In the light of the given statements, choose the correct alternative from the following:

Study the following figure carefully and choose the correct alternative to fill in the blank:

Balance of Payments Account

Identify which of the following will appear on the debit side in the Capital Account of India’s Balance of Payments:

Read the following statements carefully:
Statement 1: A consumption function describes the relationship between consumption and savings.
Statement 2: Consumption function consists of two components---autonomous consumption and induced consumption.
In the light of the given statements, choose the correct alternative from the following:

“Every coin has two sides – debate over farm subsidies is one such classic example of the same.” Justify the given statement with two arguments each in favour of and against the continuation of the farm subsidies.

“Under the liberalisation measures taken by the Government of India, Trade and Investment Policy reforms were extremely crucial.” Reject or support the given statement with valid arguments.

(i) Elaborate the need to promote women’s education in India.

State and elaborate whether the following statements are true or false, with valid arguments:
[i.] In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources.
[ii.] Worker–population ratio is an indicator used for analyzing the employment situation in a nation.

Explain the consequences of one-child policy adopted by China in the 1970s.

“In India, National Education Policy 2020 has stressed a lot on in-service training of the teachers.”
(i) Identify the source of Human Capital Formation (HCF) indicated in the aforesaid statement.

Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below:
Assertion (A): The excessive regulation of permit license raj prevented certain private firms from becoming fairly competitive.
Reason (R): Private sector wasted huge amounts in obtaining licenses rather than on improving the product quality and international competitiveness.

Identify which of the following is not a member nation of G20:

Read the following statements carefully:
Statement 1: As per the National Sample Survey Organization (NSSO), unemployment is a situation in which all those who, owing to lack of work, are not working, but are seeking work from prospective employers. They express their willingness/availability to work under the prevailing conditions of work and remuneration.
Statement 2: Disguised Unemployment is generally a massive problem in a highly populated country like India.

Economic reforms were introduced in India and Pakistan in the years _________ and _______ , respectively.
(Choose the correct alternative to fill in the blanks)

Identify from the following options the {incorrect objectives of regulated agriculture market:} (i) To make the marketing system efficient and effective for farmers to get the best price of their products.
(ii) To discourage improvement of marketing infrastructure for farmers.
(iii) To prevent exploitation of farmers.
(iv) To discourage farmers from improving quality and quantity of their produce.

Read the following statements – Assertion (A) and Reason (R). Choose the correct option given below:
Assertion (A): China has used the market mechanism to create additional social and economic opportunities for its citizens.
Reason (R): Social infrastructure creation by the government has brought positive results in human development indicators in China.

Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below:
Assertion (A): World Trade Organization (WTO) is expected to establish the rule-based trading regime, to avoid unilaterally placed arbitrary restrictions by member nations.
Reason (R): It is imperative to enlarge world production and ensure optimum utilization of world resources along with environmental protection.

Identify which of the following options indicate the incorrect components combination of Agriculture Marketing System:

Read the following statements carefully:
Statement 1: Under the colonial rule, basic infrastructure (like railways, post and telegraph, etc.) was developed.
Statement 2: The real motive behind the infrastructural development in India was to strengthen the British interests.
In the light of the given statements, choose the correct alternative from the following:

In the decade of the 1970s, Pakistan nationalized its _______ industries.
(Choose the correct option to fill in the blank)