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

"Small-Scale Industries require a shield against large-scale industries."
Describe the path of developmental initiatives taken by Pakistan for its economic development.
Describe briefly a rationale behind choosing 'Self-reliance' as a planning objective for the Indian economy.
Define Absorptive capacity.
Explain how, Goods and Services Tax (GST) has simplified the multiplicity of taxes on goods and services.
Giving valid reasons, state whether the following statements are true or false.
(i) India followed unbalanced growth during the colonial rule.
(ii) The economic policies implemented in India between 1950–1990 sought to promote regional equality.
(iii) India has become a favourable destination of outsourcing in the post-1991 period.
Explain the reasons behind less number of regular salaried employees in rural areas as compared to urban areas.
Trace the relationship between Human capital and Economic growth.
"Bio-pesticides help to reduce the ill-impacts of green revolution on soil and water bodies while promoting sustainable development." Justify the given statement with valid explanation.
Import Substitution
_______ refers to a trade policy aimed at reducing reliance on imported goods by encouraging domestic production.
Study the following image carefully and identify the trade practice that has successfully replaced foreign goods with domestic production.
Import Substitution
Read the following statements carefully: Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): Prior to economic reforms, public investment in social infrastructure by China resulted in better Human Development Indicators (HDI).
Reason (R): China is ahead of India and Pakistan on many Human Development Indicators (HDI).
From the following terms given in Column-I, match the correct pair of meaning given in Column-II:
Column-I Column-II
(a) Human Development Indicator(ii) Constitutional Protection
(b) Demographic Indicator(i) Rule of Law
(c) Special Economic Zone(iii) Generation of additional economic activities
(d) Commune System(iv) Collective industrialisation
India is NOT a member of which of the following regional/global economic grouping?
"Cooperatives have received a setback during the recent past." Justify the given statement with valid explanation.
Read the following statements carefully: Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): Human capital formation increases the rate of participation of population to economic activities and leads to economic growth.
Reason (R): Rate of participation of people refers to the percentage of people engaged in production process of a country.
Environmental crisis
Identify and select the recent phenomenon in which demand for resources surpasses their supply.
____ sector was the primary focus of the Great Leap Forward in China. (Fill up the blank with correct option)
Statement 1: Hired workers may be regular salaried workers or casual workers.
Statement 2: Regular salaried employment is a major source of employment in rural areas in India.
In the light of the given statements, choose the correct option from the following:
“It is short-term unemployment occurring, as people transit between jobs.” On the basis of given definition, identify the type of unemployment indicated.
From the terms given below in Column-I and Column-II, choose the correct pair of statements:
Column-I Column-II
(i) Subsidies(b) Element of IPR 1956
(ii) Land ceiling(c) Land to the tiller
(iii) Small Scale Industries(d) Change in social outlook
(iv) Modernisation as a goal of five year plan(a) Maximum quantity of goods that can be imported
Environmental crisis
Identify which of the following is NOT one of the strategies for Sustainable Development.
In an economy; \( C = 200 + 0.75Y \) (where \( C \) is consumption expenditure and \( Y \) is National Income). Investment expenditure is ₹ 4,000 crore. Calculate the following:
(i) Equilibrium level of income.
(ii) Total consumption expenditure at equilibrium income level.
Explain the adjustment mechanism in case ex-ante savings are greater than ex-ante investments.
Calculate the value of Net Value Added at Factor Cost (NVA\textsubscript{FC}):
S. No.Particulars Amount (in ₹ crore)
(i)Operating Surplus3,740
(ii)Increase in unsold stock600
(iii)Sales10,625
(iv)Purchase of raw materials2,625
(v)Consumption of fixed capital500
(vi)Subsidies400
(vii)Indirect taxes1,200