CBSE Class 12 Economics Important Questions 2024-25

Never Miss an Exam Update

Set Exam Alert

CBSE Class 12 Economics Important Questions 2024-25: The Central Board Of Secondary Education is going to conduct the CBSE 12th Board Exam 2024 from February 15, 2025. The students going to appear for the board exams can check the detailed CBSE class 12 timetable 2025 in December 2024. Students must focus on completing the syllabus in advance so that they have sufficient time for revision and solving the previous year question papers. The students who are familiar with the types of questions can perform better in the board exams. They can perform their best if there are some repeated questions. Go through the article in detail to check the important questions for different weightage. Also, check out the CBSE Class 12th Preparation Tips 2025 to perform your best.

CBSE Class 12 Economics Important Questions 2024-25: High Weightage Questions

Students can check out the CBSE Class 12 Previous Year Question Papers to know the important questions. Some of the high-weightage-carrying questions in the CBSE 12th Economics question paper are added here. These questions are of 6 marks each. Students are advised to answer these questions and then the answers from their textbooks. This will help you to understand the level of your preparation.

CBSE Class 12 Economics Important Questions 2024-25: 3 Mark Questions

Below are the important questions of CBSE 12th Economics asked for 3 marks each:

Question 1 - Justify the following statement, with valid reason. ‘‘Ex-ante Aggregate Demand is always equal to Ex-ante Aggregate Supply.’’

Question 2 - Identify and discuss the nature of the following newspaper reports in terms of positive or normative economic analysis : (i) “India jumped 23 points in the World Bank’s ease of doing business index to 77th place, highest in 2 years.” – The Economic Times (ii) “Government should further liberalise the business rules.” – The Economic Times

Question 3 - Explain the central problem of ‘‘for whom to produce’’.

Question 4 - State and elaborate whether the following statements are true or false, with valid arguments:

(i) Agricultural marketing is a process that ensures the transportation various agricultural commodities only.

(ii) Jan-Dhan Yojana has been a crucial step for financial resource mobilization in the Indian economy

Question 5 - Suppose in a hypothetical economy there are only two Firms A and B, Firm A sold goods for ₹2,000 to Firm Band purchased goods for ₹1,000. Firm B exported goods for ₹2,500 and had domestic sales of ₹1,500. Calculate Net Domestic Product at market price, if consumption of fixed capital is ₹200.

Also Check: CBSE Class 12th Syllabus 2024-25

CBSE Class 12 Economics Important Questions 2024-25: 4 Mark Questions

Check the important CBSE Class 12 Economics questions in the CBSE class 12 exam 2024-25.

Question 1 - Define marginal product. State the behaviour of marginal product when only one input is increased and other inputs are held constant.

Question 2 - Read the following news published on September 26, 2022 :

“The Central bank has increased the benchmark lending rate by 140 basis points.” Identify the likely cause and consequences behind this action taken by the Reserve Bank of India.

Question 3 - If National Income is 250 crore and Savings is 80 crore, find out Average Propensity to Consume. When National Income rises to 390 crore and Savings to 115 crore, what will be the Average Propensity to Consume and the Marginal Propensity to Save?

Question 4 - Demonstrate your understanding of how the Reserve Bank of India can apply monetary policy tools to tackle a scenario of Deficient Demand in the economy? Identify and discuss four specific measures that the Reserve Bank of India can employ to effectively correct the situation.

Question 5 - ‘‘India is taking huge leaps in the index of Ease of Doing Business, as a result many MNCs are shifting their production base to India.’’ In the light of the above statement, comment upon the flow of foreign exchange and its likely impact on the Indian Economy.

CBSE Class 12 Economics Important Questions 2024-25: 6 Mark Questions

Students must focus on the CBSE Class 12 Economics questions with high weightage. These are the long questions which require detailed answers.

Question 1 - Explain the meaning of the following :

(a) Revenue deficit

(b) Fiscal deficit

(c) Primary deficit

Question 2 - Comment upon the following statements :

(i) Traditional knowledge and practices are still applicable in ensuring sustainable development. (ii) A well-structured rural banking system is important for the development of a nation.

Question 3 - Given the following data, find the missing value of ‘Government Final Consumption Expenditure’ and ‘Mixed Income of Self Employed’.

Question 4 - Explain the effect of (a) fall in the own price of good X and (b) rise in tax rate on good X, on the supply curve. Use Diagrams.

Question 5 - Read the following passage on the causes of the environmental crisis and answer the questions that follow: The world is facing an unprecedented environmental crisis characterized by various interconnected challenges. Several factors have contributed to this alarming situation, threatening the delicate balance of ecosystem and the well-being of both humans and wildlife. One of the primary causes of the environmental crisis is the rapid growth of human population. The increasing demand for resources, food and energy has led to extensive deforestation, habitat destruction and overconsumption of natural resources. Industrialization and modernization have played a significant role in exacerbating the environmental crisis. The reliance on fossil fuels and the emission of green house gases have resulted in global warming and climate change, leading to extreme weather events, rising sea levels and disruptions in natural cycles. The unchecked discharge of pollutants and waste from industries has further contaminated air, water and soil, endangering human health and biodiversity. Another critical fact or contributing to the environmental crisis is the expansion of agriculture and urbanization. The conversion of forests and natural habitats into agricultural and sandurban areas has led to the loss of biodiversity and fragmentation of ecosystems. This has disrupted the natural habitats of numerous species, leading to the extinction of many plants and animal species. Moreover, human activities such as irresponsible waste management and improper disposal of plastics have resulted in the accumulation of plastic waste in oceans and landfills, causing harm to marine life and contaminating the environment. The excessive use of chemical fertilizers and pesticides in agriculture has also led to soil degradation, water pollution and loss of biodiversity. The environmental crisis is a complex issue with various interconnected causes. The rapid growth of human population, industrialization, urbanization, and irresponsible waste management practices are some of the major contributors to this crisis. Addressing these causes requires a collective effort from governments, industries and individuals to adopt sustainable practices and promote environmental conservation Source from: National Institutes of Health, Mongabay, UNFCCC, Inter governmental Panel on Climate Change On the basis of the given text and common understanding, answer the following question:

(i) Elucidate the primary causes of the environmental crisis described in the passage.

(ii) Discuss the connection between industrialization and the ongoing environmental crisis.

(iii) Explain the impact of agriculture and urbanization on the environment.

Also read - CBSE Class 12 Grading System 2025

CBSE Important Questions for Class 12 Economics: Chapter-wise

Class 12 Economics is divided into two parts. Following are the important questions from CBSE Class 12 Macroeconomics.

Question 1 - What are the precautions to be taken while calculating National Income through product method, specially value-added method? (4 marks)

Question 2 - Calculate national income and private income from the following data. (6 marks)

Question 3 - Define and represent the inflationary gap on a diagram. Explain the role of the varying reserves requirement in removing the gap.

Question 4 - (6 marks)
(a). In the estimation of a country's National Income, are the following items included? Provide reasons for each.

(i) Rent-free house to an employee by an employer

(ii) Purchases by foreign tourists

(iii) Purchase of a truck to carry goods by a production unit

(b)Elaborate on the concepts of Nominal Gross National Product and Real Gross National Product with examples to illustrate the significance of these measures in economic decision-making.

Question 5 - Explain the concept of fiscal deficit in a government budget. What does it indicate? (3/4marks)

Also read - CBSE Class 12 Result 2025

CBSE Important Questions for Class 12 Economics: Chapter-wise

Check the following questions from the second part of CBSE Class 12 Economics. These are the questions from Indian Economic Development.

Question 1 - What is sustainable economic development?

Question 2 - Illustrate the difference between rural and urban poverty. Is it correct to say that poverty has shifted from rural to urban areas? Use the trends in the poverty ratio to support your answer.

Question 3 - Is there any relationship between unemployment and poverty? Explain.

Question 4 - Write a brief note on the International Bank for Reconstruction and Development (IBRD). (6 marks)

Question 5 - How does investment in human capital contribute to growth? (6 marks)
Also Read - CBSE Class 12 Marksheet 2025

Students can also solve CBSE Class 12 Previous Year Question Papers while preparing for the final examination.