CBSE 12 Economics Question Paper-2025 Set-3

Identify, which of the following is not to be considered while estimating Revenue Deficit of a country.

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct options given below : Assertion (A): In case of public goods no one can be excluded from enjoying the benefits. Reason (R): Public goods are non-rivalrous and non-excludable in nature.

Value Addition = ___ - Value of Intermediate Consumption.

Suppose for an economy, autonomous consumption is ₹ 100 crore and total consumption is ₹ 130 crore. The value of induced consumption would be ₹__ crore.

In the Keynesian Economics, __ starts from the origin and is always drawn at an angle of 45°.

The monetary policy is formulated by the __ in the Indian economy.

For obtaining the equilibrium level of income, there should be equality between expected _ and expected _ .

As the Banker to the Bank, Reserve Bank of India performs all functions except __.

For any economy, as per the Keynesian theory, when Aggregate Demand is less than Aggregate Supply, there will be an increase in the level of unsold stock. This situation leads to _ and _ in the level of income and output.

State whether the following statement is true or false. 'Disinvestment is the sale of government assets to private entrepreneurs.'

From the following, identify the non-tax revenue : (i) Income Tax (ii) Fines and Penalties (iii) GST (iv) Special Assessments

Choose the correct option from the following : (i) A Government Budget is an annual financial statement of estimated receipts and estimated expenditure of the government for a financial year. (ii) All the budget receipts are classified into Revenue Receipts and Capital Receipts. (iii) All the budget expenditures are classified into Revenue Expenditure and Capital Expenditure. (iv) In a Government Budget, only revenue receipts are classified into revenue receipts and capital receipts.

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct options given below : Assertion (A): In case of a deficit in Balance of Payments (BOP), the Central Bank of the country takes initiatives to sell foreign currency from its reserves. Reason (R): A deficit in Balance of Payments (BOP) arises when foreign payments exceed foreign receipts.

Which of the following is an example of an autonomous item in Balance of Payments (BOP) ?

Differentiate between fixed exchange rate and flexible exchange rate. Differentiate between fixed exchange rate and flexible exchange rate on the basis of any three of the following : (i) Determination of exchange rate (ii) Use in world economy (iii) Stability (iv) Volatility

The Foreign Exchange Rate of a country is the price of a foreign currency in terms of __ .

On the basis of given data, calculate Net National Product at Factor Cost:

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct options given below : Assertion (A): In India, with the onset of reforms in 1991, the government adopted the policy of disinvestment. Reason (R): Disinvestment was resorted to, for improving financial discipline and facilitating modernization.

In India, one of the main objectives of agricultural reforms was to raise agricultural productivity. Identify the step taken by the government towards achieving this objective.

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct options given below : Assertion (A): In India, after independence, the agricultural productivity was very low. Reason (R): The primary reason for low agricultural productivity was high-cost technology and use of low yielding variety seeds.