Important exam tips for Economics preparation

ECONOMICS

CLASS XII

2010 – 2011
Examination Tips

Important tips for preparation:

Scoring of good marks in Board Exams is not very difficult. You have to stick to few important tips:

• First learn those chapters thoroughly that have more weightage in board exams.

• In Micro Economics, more marks are allotted for units Consumer Behaviour and Demand and Producer Behaviour and Supply. Learn important concepts by co-relating it to day-to-day examples.

• Similarly in Macro Economics, more marks are allotted for units National Income and Related Aggregates and Determination of Income and Employment.

• Practice diagram with proper labelling of axis. Otherwise, the diagram has no meaning. Diagrams should be self explanatory. Learn to draw diagrams with pencil only.

• Learn the formulae properly for practicing numerical. Make it a practice to write the formula first. After that, put values for calculation. Numerical need a lot of practice. Please do not try to mug up formulae. Try to understand basic concept.

• While calculating national income, add Net Factor Income from Abroad to Gross Domestic Product to get Gross National Product. Similarly, Gross National Product – Net Factor Income from Abroad = Gross Domestic Product

• Gross minus Depreciation is equal to Net and Net plus Depreciation = Gross

• Depreciation and consumption of fixed capital means the same.

• GDP at market price = GDP at factor cost + Net Indirect Taxes

• GDP at factor cost = GDP at market price - Net Indirect Taxes

• Remember that only the value of productive services is added and the value of transfer payment is not included while computing national income.

• To distinguish between any two variables, learn at least four points of distinction.

• Do not leave any chapter without practice because every chapter has certain weightage.

• Be in touch with CBSE previous years papers, sample papers etc. Keep on looking what has been the pattern of CBSE and what type of questions are generally asked. Also, refer to their model answers.

• Whenever you give any test in the school and obtain marks, just go through your answer sheet seriously and see where the marks have been deducted and how the errors can be avoided next time.

• Although you must stick to NCERT books, but in economics you must practice some extra questions from other sources also.

• At the end of the year, do at least 8-10 model test papers for economics. This will help a lot.

Do’s and Don’ts while answering question paper.

1. Do not get panic or nervous.

3. Try to attempt questions in the same serial order.

4. Questions of section A should not be mixed with section B.

5. Do not waste time on a question if you do not know the answer. You can leave the space for answer and come back to it later.

6. Answer questions according to the word limit but do not waste time in counting words. There is no negative marking for extra words.

7. Be very precise and to the point in one mark questions.

8. More explanation is required in 3 and 4 marks questions with points.

9. Answers for 6 marks should be in detail with proper explanation.

10. Whenever possible highlight the points by underlining it.

11. Draw proper labelled diagrams to support the explanation of your answer.

12. Mention formulae whenever applicable.

13. Try to answer in columns highlighting main points in case of showing distinctions.

14. Do not leave any question unanswered. Try to attempt every question.

15. While answering keep in mind that the examiner does not know anything. Hence, explain clearly the related points.

Extra Tips for Board Tips