Important Questions for CBSE Class 12 Economics Paper-Last Month Powerful Strategy

Class 12^th commerce students will appear for Economics Board Paper on 27^th March 2019. At this point of time, we assume you all are done with CBSE syllabus and grooming up with your final revision. Your hard efforts towards CBSE Class 12 Economics Paper can take you closer to your  desired career. With a strong hold over the concepts of Economics, you can clear all those competitive exams for the courses you  aspire to study in future.  Economists are majorly on-demand in the following sectors:

1. Government and Public sector enterprises
2. Industry and Trade
3. Banking and Finance.

We have always seen Economists researching for market trends and make recommendations for resolving economic issues. Hence the field has extremely positive future prospective, both in India and abroad. And to make a good career in this stream, as mentioned, you need to strengthen your base knowledge with a good preparation for CBSE Class 12 Economics Paper. A good score in Economics can open up your path to get admission in Top Economics Institutes.

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We would like to suggest you some easy tips to score high in CBSE Class 12 Economics Paper. Firstly, you need to crosscheck your preparation flow, to  get a clear view of: –

1. Course structure of class 12 economics subject
2. CBSE Class 12 Economics paper design (including marks weightage)
3. Key points to keep in mind while attempting paper
4. Important questions (Reviewing previous years papers)

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Course Structure of CBSE Class 12 Economics – Chapter-wise Marks Weightage

The question paper comprises of Part A – 40 marks and Part B – 40 marks. In addition to this Part C- projects work has weightage of 20 marks. Table given below summarises the descriptive structure of marks allotment of each chapter.

Section A : 40 Marks (Micro Economics)	Marks	Section A : 40 Marks (Macro Economics)	Marks
Ch 1 : Introduction	4	Ch 5: National Income and Related Aggregates	10
Ch 2: Consumer Equilibrium and Demand	13	Ch 6 : Money and Banking	6
Ch 3: Production Behaviour and Supply	13	Ch 7 : Determination of Income and Employment	12
Ch 4 : Forms of Market and Price determination under Perfect Competition with Simple Application	10	Ch 8 : Government Budget and The Economy Ch 9 : Balance of Payments	6
Total	40	Total	40

Design of CBSE Class 12 Economics Paper

The 80 marks question paper of Economics has following pattern of question distribution.

S.NO.	Typology	VSA (1 mark)	SA I (3 marks)	SA II (4 marks)	LA (6 marks)	Marks	%
1.	Remembering	2	-	2	2	22	27
2.	Understanding	2	1	2	1	19	24
3.	Application	2	1	1	1	15	19
4.	HOTS	1	1	1	1	14	17
5.	Evaluation	1	1	-	1	10	13
	Total	8*1 = 8	4*3 =12	6*4 = 24	6*6 = 36	80 (24 Ques)	100%

Note: Ther will be internal choice in questions of 3 marks, 4 marks and 6 marks in both sections (A and B). (Total 3 internal choices in section A and total 3  internal choices in section B )

Key Points to Consider While Attempting CBSE Class 12 Economics Paper

CBSE Class 12 Economics Paper is one scorable exam. Good presentation plays a great role in scoring marks, as it makes the answer sheet appealing for the examiner and thus can help in scoring. So, grab your highest score with these essential exam-attempting tips:

• Graphical Representation – Graph gives a clear presentation of data. Hence, make graphs wherever required.
• Structure your answer– Always start your answer with an introduction. Then state the main feature and function in bold letters and give a crisp and easy explanation. Highlight the important points and write your answer in points to enhance visibility. End up nicely with a conclusion.
• Follow a serial pattern– It is always advisable to attempt questions in a serial manner. However, if you find difficulty in answering any questions or don’t know the answer leave that question and move on to the next question. Don’t waste time in that question, rather revisit the question at the end of the paper.
• Read the questions carefully- Before you start the exam, utilize the first 15 minutes to scan the paper. Check the marks allotted to each question and according plan your word count. But don’t try to rumble around the question. Avoid rumbling as it will lose marks.

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Some Important Questions to revise for Class 12 Economics Paper

Here we are providing you some frequently asked questions that came in past few years’ papers. The most important topics and questions from Micro Economics & Macro Economics CBSE XII Syllabus that requires more emphasis are provided below. Your thorough knowledge of these below mentioend topics from Economics CBSE 12 syllabus will surely help you score highest marks in your CBSE final exam.

Section-A Introductory Micro- Economics

Unit 1: Introduction to Economics

1. Explain briefly: a.) Economic problem arise b.) Central problems of an Economy.
2. Explain the reason behind a PPC downward sloping and cocanve to origin.
3. Explain marginal opportunity cost with the help of a numerical example.

Unit 2: Consumers Equilibrium and Demand

1. Learn these following terms

1. law of diminishing marginal utility
2. Conditions of consumer’s equlibrium under the IC approach

1. How does change in price of complimentary good affect the demand of the given good?
2. State the difference between ‘increase in quality demanded’ and ‘Increase in demand’ of a commodity.

Unit 3 : Production Behaviour and Supply

1. What does law of proportions show
2. Describe these terms :

1. Average variable cost
2. Marginal cost.
3. Total cost
4. Total revenue
5. Marginal revenue
6. Average revenue.

1. What are the conditions of a producer’s equilibrium in terms of marginal cost and marginal revenue

Unit 4 Forms of Market & Price Determination under perfect Competition with Simple Applications

1. With the help of a well labelled diagram Explain the maximum price ceiling? Also brief on what type of goods is it normally imposed?
2. What are the effects of ‘Price floor’ (Minimum price ceiling) on th emarket of a good? Use diagram.

 

Section B Introductory Macro- Economics

Unit 5 National Income and Related Aggregates

• Important topics of this chapter are:

1. Circular flow of income.
2. Intermediate product and final goods
3. Domestic product and national product.
4. Problem of double counting in estimation of national income by value added method.
5. limitations of gross GDP as an index of economic welfare.
6. Precautions to be taken in the estimation of national income by value added method/income method /expenditure method.

Unit 6 Money and Banking

• Explain the following :

1. Barter system of exchange and its issues faced
2. Functions of money
3. Money supply and its various component
4. Central bank and its various functions

• With the help of a numercal example, explain the process of creaton of money by commercial banks

Unit 7 Determination of Income and Employement

1. Derive each of the following terms outlining the steps using well labelled diagram:

1. Saving curve from consumption curve.
2. Consumption curve from saving curve.

1. Explain national income determination through the two alternative approaches. Use diagram.
2. Briefly explain the meaning:

1. Excess demand and deficit demand(diag.).
2. Inflationary gap.
3. Deflationary gap.

Unit 8 Government Budget and the Economy

1. How would you explain Government budget
2. What is ‘revenue deficit’ & ‘fiscal deficit’in a government budget. Briefly explain each of them.

Unit 9 Balance and Payments

1. Brief description of:

1. Fixed Exchange rate;
2. Flexible exchange rate;
3. Managed floating exchage rate;
4. foreign exchange.
5. omponents of current account and capital account of BOP

For a clear understanding of each chapters along with the above important questions, it is also very essential to refer some authentic books available in the market. Cater all your requirements in just one click, Get MTG’s CBSE Champion & Bask In The Glory Of Success. It  has last 10 years’ previous years papers and useful information like Exam-Preparation Tips  from Toppers.

We hope that these tips and suggestions for CBSE Class 12 Economics Paper will help you in your revision plan and you will come off with flying colours. In case of any doubts and queries, leave your question in the comment box below. We feel happy to clear them out at the earliest.

All the best!