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

Identify, which of the following is not a correct function of environment?
 (i) Exclusion of waste 
(ii) Sustenance of life 
(iii) Provide aesthetic services 
 
In the decade of 1970s, Pakistan nationalized its ___________ industry. (Fill up the blank with the correct alternative.)
“Farm subsidies put a huge burden on the government finances, but are necessary for the poor and marginal farmers.” Justify the given statement.
Discuss briefly the role of small-scale industries in the growth journey of India.
Goals of Equity were fully served by the ‘abolition of intermediaries’ in agriculture in the post-independence period of India. Do you agree with the given statement? Support your answer with valid arguments.
“National Education Policy 2020 of India stresses a lot on in-service teachers’ training.” In the light of the given statement, state and explain any two advantages of such on-the-job training in the upliftment of the education sector of any nation.
Elaborate any two reasons owing to which a lesser number of women are found in regular salaried employment.
“Scholars find son preference as a common phenomenon in India, Pakistan, and China.” Justify the given statement in the light of the skewed sex ratio.
State any two liberty indicators.
Elaborate how the economic reforms process of India impacted the agriculture sector.
Elaborate how the economic reforms process of India impacted the industrial sector.
State and discuss the importance of collective fight in achieving SDGs.
Discuss briefly the action plan of G-20 leaders in promoting the ‘One Health Approach.’
Discuss any two measures initiated by the government to improve agricultural marketing in India.
Elaborate the importance of credit in rural development.
‘India can transform itself into a knowledge-based economy by using information technology.’ Justify the given statement.
“It is necessary to generate employment in the formal sector rather than the informal sector.” Justify the given statement with valid arguments.
Define Worker–Population Ratio.
Define Casual Wage Labourer.
“In the past few decades, the Indian economy has been fairly benefitted by positive externalities created by the rapid rise in infrastructure.” Justify the given statement with valid arguments.
State the meaning of autonomous and accommodating items, under Balance of Payments of India, with the help of an example.
“Disposition Phase of circular flow of Income involves flow of factor Income, which comprises of rent, wages, interest, and profits from firms to households.” Defend or refute the statement, giving valid reasons in support of your answer.

Outline and discuss the classification of industries into various categories as per Industrial Policy Resolution, 1956.

The Government of India, in the initial years of economic development, emphasized on a greater role of the public sector in the industrial development. 
Justify the statement, giving reasons in support of your answer.

Define disguised unemployment. State its implications on output and employment in a country.