CBSE 2026 Class 12 Economics Question Paper with Solutions PDF - Set 2

CBSE CLASS XII Questions

• 1.

  "Under the provisions stated in Section 20 and Section 21 of the Reserve Bank of India (RBI) Act, 1934, the RBI is mandated to handle the banking operations of the Government of India."
  In the light of the given statement, elaborate the indicated function of the Reserve Bank of India.

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• 2.

  Read the following statements carefully:
  Statement 1: Under the flexible exchange rate system, a deficit or surplus in the Balance of Payments is automatically corrected.
  Statement 2: Under the flexible exchange rate system, there is always a possibility of over/under valuation of currency.
  In the light of the above given statements, choose the correct option from the following:

  • Statement 1 is true and Statement 2 is false.
    
  • Statement 1 is false and Statement 2 is true.
    
  • Both Statements 1 and 2 are true.
    
  • Both Statements 1 and 2 are false.
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• 3.

  Read the following statements carefully:
  Statement 1: During the British rule in India, the export surplus was utilised to import invisible items from Britain.
  Statement 2: Indians paid for the expenses incurred by an office set up by the colonial government in Britain. In the light of above statements, choose the correct option from the following:

  • Statement 1 is true and statement 2 is false.
    
  • Statement 1 is false and statement 2 is true.
    
  • Both statements 1 and 2 are true.
    
  • Both statements 1 and 2 are false.
    
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• 4.

  Income of an economy increased from ₹40,000 crore to ₹1,00,000 crore. Savings of the economy increased from ₹4,000 crore to ₹20,000 crore.
  (i) Calculate Average Propensity to Consume (APC) and Average Propensity to Save (APS) before and after the rise in income.
  (ii) Draw appropriate conclusion regarding the behaviour of Average Propensity to Save (APS) as his income increases.

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• 5.

  Income generated from Aircrafts of Air India operating between Canada and England would be added to the domestic income (NDPFC) of ____________.

  • Canada
    
  • England
    
  • Both Canada and England
    
  • India
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• 6.

  Calculate the value of ‘Rent’ from the following data:

  

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