CBSE Class 12 Sample Papers for Economics

Structure of CBSE Economics Sample Paper for Class 12 is

CBSE Class 12 Economics Syllabus

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
Nominal GDP.
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:
(28 Periods)
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
Development Indicators

Part C: Project in Economics (20 Periods)

Prescribed Books:

1. Statistics for Economics, NCERT
2. Indian Economic Development, NCERT
3. Introductory Microeconomics, NCERT
4. Macroeconomics, NCERT
5. Supplementary Reading Material in Economics, CBSE
   Note: The above publications are also available in Hindi Medium.

For preparing for board exams students can also check out

CBSE Class 12 Economics Test Papers

Important Questions for Class 12 Economics Chapter Wise

Economics Revision Notes for class 12

Previous Year Question Paper CBSE Class 12 Economics

Why Sample Papers, Previous Year CBSE Board Papers and Important questions are important for the success in Class 12 Board Exams?

When it comes to the Economics for 12th class under the Central Board of School (CBSE) Board, it is considered to be the most important subject and immensely scoring compared to other subjects. But the irony is that Economics is considered the most daunting and dreadful subject by many students who feel this subject gives them nightmare. But the experience says that if the subject is handled and tackled properly it can fetch great dividends effectively. The in-depth understanding of fundamental concepts and practice are the two essential keys for cracking the formula of success in this subject.

How To Build Strong Foundation?

As some one has rightly said that great heights can only be attained if the foundation is strong and sturdy. This holds true for Economics subjects also because if basics are clear, then All the problems are solved with ease only.

One can follow few tips mentioned below for strengthening the basic concepts:

• Be Fully Attentive in the class while new topics are being taught by your respective teacher. No doubts should be left hovering in your head. Even if you feel your questions are silly, ask immediately as and when they arise with you teachers or tutors.
• Group discussions among friends are a great way to resolve any further doubts regarding the topics. Thus if possible one should make study groups with like minded friends and fix a particular to discuss relevant doubts and problems. This technique is considered to be the most effective during the preparation of Economics exams.
• There are several online sources for CBSE class 12 Economics topics. Youtube Videos are the most popular resources where one can get extensive explanatory videos on almost each topic.

Practice Makes the Man Perfect.

For Mastering the Economics Subject, One has to go through lots of practice, Yes practicing solving lots of problems, solving numerous types of questions on each topic. Once basic concepts and fundamentals have been learnt, the next thing is to learn their applications by practicing problems. Practicing the problems helps us immensely to gauge how well we have understood the concepts.

Certain Points needs to be kept in mind while solving problems:

• One should try to approach and solve a wide variety of problems thereby covering all the relevant topics, rather than sticking to similar ones.
• One or Two reference books should be considered for solving extra questions.
• Try to solve previous year question papers. This helps to boost your confidence while solving new varieties of problems which may appear in the exam.
• Start solving Sample Papers when the exam dates are nearing to get an actual feel of how the Economics paper might be.
• Try to focus on eliminating committing silly mistakes while solving the problems such as multiplying instead of adding, mixing up the positive and negative signs etc.

On ribblu.com you get lot of resource material to practice which includes sample question papers, worksheets, test papers, previous year board papers, important questions, solved papers, model papers everything free in PDF format.