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

Define externalities.
“Accommodating transactions are undertaken to maintain stability in the Balance of Payments Account.”
Justify the given statement with a valid explanation.
“Depreciation of currency may promote exports of a nation.”
Defend or refute the given statement with valid arguments.
"If actual demand for final goods falls short of the actual output of final goods corresponding to full employment level, it may lead to an unintended accumulation of inventories."
Do you agree with the given statement? Give valid reasons in support of your answer.
Identify which of the following is not one of the merits of a fixed exchange rate system: In the light of the given statements, choose the correct alternative from the following:
Discuss the impacts of Special Economic Zones (SEZs) on the economic growth of China.
“During the colonial period the agricultural sector showed massive stagnation.” Do you agree with the given statement? Justify your answer with valid arguments.
Elaborate the reasons owing to which the private sector was regulated under the Industrial Policy Resolution, 1956.
“In the current situation, Information Technology plays a vital role in achieving food security in a nation like India.” Justify the given statement.
State any two advantages of micro-credit system in rural areas of India.
(a) Discuss briefly the concept of circular flow of income in a two-sector model.
Classify the following as Revenue receipts or Capital receipts. Give valid arguments in support of your answer: Interest received on loan. Disinvestment receipts from the sale of a government company. (a) Interest received on loan.
Disinvestment receipts from the sale of a government company.
Justify the following statements with valid arguments: Money serves as a ‘store of value’ in an economy. The Central Bank acts as ‘Government’s Bank’ in an economy. (a) Money serves as a ‘store of value’ in an economy.
(b)(i) “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.

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

Read the following statements – Assertion (A) and Reason (R). Choose the correct option 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:
 

Economic reforms were introduced in India and Pakistan in the years __________ and _____________ , respectively. 
(Choose the correct option to fill in the blanks)

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 option 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 option from the following:
“Real Gross Domestic Product (GDP) is a better indicator of economic growth of a nation as compared to the Nominal Gross Domestic Product (GDP).”
Do you agree with the given statement? Justify your answer with a valid hypothetical numerical example.
Discuss briefly the concept of circular flow of income in a two-sector model.