CBSE Class 12 Economics Test Papers are the collection of past unit test papers and periodic assessment class test papers which helps students to prepare for upcoming monthly quarterly half yearly and annual exams. Here on Ribblu one can get a lot of Test Papers for Class 12 Economics in PDF format for free.CBSE chapter wise practice papers with solution for class 12 Economics for free download in PDF format.12th Economics chapters have many topics and all these topics are included in CBSE solved test papers of class 12 Economics.
CBSE practice question papers are based on NCERT syllabus and latest CBSE curriculum for this academic session. The unit tests, chapter wise solved papers, important questions, and questions asked in previous year exams are included in CBSE test papers and CBSE practice papers with solution and answer keys. These are solved question papers from all chapter have all type of questions may be asked in annual exams such as VSA very short answer type questions, MCQ Multiple Choice Questions , SA short answer type questions, LA long answer type questions, Case based questions and HOTS higher order thinking skill based questions.
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|Class 12 Economics Marks Distribution|
|Part A : Introductory Macroeconomics|
|National Income and Related Aggregates||10|
|Money and Banking||6|
|Determination of Income and Employment||6|
|Government Budget and the Economy||6|
|Balance of Payments||6|
|Part B : Indian Economic Development|
|Development Experience (1947-90) and Economic Reforms since 1991||12|
|Current Challenges facing Indian Economy||22|
|Development Experience of India –A Comparison with Neighbours||6|
|Theory Paper (40+40 = 80 Marks)||40|
|Type of Question||Marks per Question||Total No. of Questions||Total Marks|
|Objective Type Questions||1||20||20|
|Short Answer Type Questions - 1||3||4||12|
|Short Answer Type Questions - 1||4||6||24|
|Long Answer Type Questions||6||4||24|
Part A: Introductory Macroeconomics
Unit 1: National Income and Related Aggregates ( 30 Periods )
What is Macroeconomics?
Basic concepts in macroeconomics: consumption goods, capital goods, final goods,
intermediate goods; stocks and flows; gross investment and depreciation.
Circular flow of income (two sector model); Methods of calculating National Income -
Value Added or Product method, Expenditure method, Income method.
Aggregates related to National Income:
Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product
(GDP) and Net Domestic Product (NDP) - at market price, at factor cost; Real and
GDP and Welfare
Unit 2: Money and Banking (15 Periods)
Money – meaning and functions, supply of money - Currency held by the public and
net demand deposits held by commercial banks.
Money creation by the commercial banking system.
Central bank and its functions (example of the Reserve Bank of India): Bank of issue,
Govt. Bank, Banker's Bank, Control of Credit through Bank Rate, CRR, SLR, Repo
Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.
Unit 3: Determination of Income and Employment ( 30 Periods)
Aggregate demand and its components.
Propensity to consume and propensity to save (average and marginal).
Short-run equilibrium output; investment multiplier and its mechanism.
Meaning of full employment and involuntary unemployment.
Problems of excess demand and deficient demand; measures to correct them -
changes in government spending, taxes and money supply.
Unit 4: Government Budget and the Economy (17 Periods)
Government budget - meaning, objectives and components.
Classification of receipts - revenue receipts and capital receipts;
Classification of expenditure – revenue expenditure and capital expenditure.
Balanced, Surplus and Deficit Budget – measures of government deficit.
Unit 5: Balance of Payments (18 Periods)
Balance of payments account - meaning and components;
Balance of payments – Surplus and Deficit
Foreign exchange rate - meaning of fixed and flexible rates and managed floating.
Determination of exchange rate in a free market, Merits and demerits of flexible and
fixed exchange rate.
Managed Floating exchange rate system
Part B: Indian Economic Development
Unit 6: Development Experience (1947-90) and Economic Reforms since 1991:
A brief introduction of the state of Indian economy on the eve of independence.
Indian economic system and common goals of Five Year Plans.
Main features, problems and policies of agriculture (institutional aspects and new
agricultural strategy), industry (IPR 1956; SSI – role & importance) and foreign trade.
Economic Reforms since 1991:
Features and appraisals of liberalisation, globalisation and privatisation (LPG policy);
Concepts of demonetization and GST
Unit 7: Current challenges facing Indian Economy ( 60 Periods)
Human Capital Formation: How people become resource; Role of human capital in
economic development; Growth of Education Sector in India
Rural development: Key issues - credit and marketing - role of cooperatives;
agricultural diversification; alternative farming - organic farming
Employment: Growth and changes in work force participation rate in formal and
informal sectors; problems and policies
Sustainable Economic Development: Meaning, Effects of Economic Development on
Resources and Environment, including global warming
Unit 8: Development Experience of India: (12 Periods)
A comparison with neighbours
India and Pakistan
India and China
Issues: economic growth, population, sectoral development and other Human
Part C: Project in Economics (20 Periods)
For Preparation of board exams students can also check out other resource material
Why Attempting Past Test Papers are Important for Exam Preparation?
Test papers are mainly class test papers that the subject teacher had prepared in the past for previous students. Thus when students attempt such practice test papers they get to know the framework which the subject teacher is following in making examination papers. Apart from reference books and notes, Test Papers are very effective study materials for exam preparation. When a student tries to attempt previous test papers , it becomes very easy to gauge how well the topics have been understood and what kind of questions are asked in exams related to that chapter.
As they say before facing the main battle one needs to practice on small fights and get expertise and that will make sure the success in the finals. Similarly in order to score high marks in annual exams, it is imperative to attempt previous test papers so that the student identifies and checks whether the understanding of all concepts of the already prepared chapters of any particular subject are complete or not. It highlights the weak areas if any and gives students ample amount of time to revisit the topics and work on those areas and be better prepared before exams.
Periodic Test papers, Weekly tests and Unit Test papers are usually framed on few chapters of the syllabus thus the concentration of questions asked are of good depth thus when a student attempts those papers , it makes sure that no topic or fundamental concept has been skipped by students while studying any chapter.