Important Questions Class 12 Economics

Important Questions for Class 12 Economics

Class 12 is the turning point in the lives of students. The result  of this grade their future. The students must perform well in their boards as it eventually helps them get to the college/universities of their preference. This article will highlight some of the important questions for class 12 Economics, which will help students understand the concepts of this chapter in a better way.

Important questions for class 12 Economics, prepared by our Extramarks professionals, are well-researched and beneficial to students throughout their exam preparation journey. All of the important questions for class 12 Economics are created under the guidelines of the NCERT books. Along with that, we cover all the chapters needed to prepare for board and other examinations. 

On our Extramarks website, all materials such as NCERT books solution, CBSE revision notes, CBSE sample papers, CBSE previous year question papers, etc., are readily available to students for free.

What Chapters Are Covered in Important Questions for Class 12 Economics?

There are 16 chapters, including both Macro Economics and Indian Economic Development of class 12. Some students may find it hard, and preparation from the beginning is a must for anyone to score well. 

Below are the chapters from the NCERT textbook of Class 12 Macro Economics and Indian Economic Development:

Macro Economics:

  • Introduction to Macroeconomics
  • National Income Accounting
  • Money and Banking
  • Determination of Income and Employment
  • Government Budget and the Economy
  • Open-Economy Macroeconomics

 Indian Economic Development:

  • Indian Economy on the Eve of Independence
  • Indian Economy 1950-1990
  • Liberalisation, Privatisation and Globalisation: An Appraisal
  • Poverty
  • Human Capital Formation in India
  • Rural Development
  • Employment: Growth, Informalisation and Other Issues
  • Infrastructure
  • Environment and Sustainable Development
  • Comparative Development Experiences of India and its Neighbours

Students should go through all of the chapters first and then create a study timetable that includes daily practice time. This is where chapter class 12 economics chapter-wise questions come in handy. Based on the CBSE Class 12 Economics syllabus, Extramarks experts have created 12th economics important questtionsections for each chapter.

Important Questions for Class 12  Economics – Weightage

Based on the past years’ question papers, below is the chapter-wise marks distribution of important questions for class 12 economics:

 Overview of CBSE Class 12 Economics Syllabus 2022 for Term 1

Units Marks
Part A: Introductory Macroeconomics
Money and Banking 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:

● Indian Economy on the Eve of Independence

● Indian Economy (1950-90)

● Liberalisation, Privatisation and Globalisation 

 12
Current challenges facing Indian Economy

● Poverty

● Human Capital Formation

● Rural development

 

 10
Total 40 Marks
Project Work (Part 1) 10 Marks

Overview of CBSE Class 12 Economics Syllabus 2022 for Term 2

Units Marks
Part A: Introductory Macroeconomics
National Income and Related Aggregates 10
Determination of Income and Employment 12
Part B: Indian Economic Development
Current challenges facing Indian Economy

  • Employment
  • Infrastructure
  • Sustainable Economic Development
 12
Development Experience of India – A Comparison with Neighbours

  • Comparative Development Experience of India and its Neighbours
 6
Total 40
Project Work 10

Important Questions for Class 12 Economics – Chapter-Wise Questions

Economics of class 12 is a vast subject. Students will learn about types of employment and how income is calculated. Class 12 students will also study the budget and its multiple allocations in various economic sectors such as agriculture, industry, tourism, etc. Students will also discover how India’s liberalisation efforts resulted in an open economy that benefited the country greatly through foreign direct investment and revenue from diverse imports and exports.

FAQs (Frequently Asked Questions)

Students who want to do well in Class 12 Economics should attend all lectures. They must begin studying for the exam at the start of the academic year. At home, these students should review the key topics from the chapters. If students have any issues or questions, they must seek clarification from their Economics teachers. Keeping uncertainties in the back of your mind isn’t going to benefit you in any way. Students should also practise sample papers and past year’s question papers to familiarise themselves with the questions commonly asked in Class 12 Economics board examinations. Economics important questions for class 12 booklet help students acclimatise with the actual exam considerably.

You should have no trouble answering the case studies if the concepts are clear. It would help if you used the following guidelines when answering the case studies:

  •  You must thoroughly read the case study without forming an opinion.
  •  Read the questions that have been posed when you have finished reading the case study.
  •  You must write the explanation for your answer while responding to the case study. Pick the significant keywords or any keyline on which you’re basing your conclusion for this.