CBSE Class 12 Economics Set 2 - (58/3/2) Question Paper 2026 is available for download here. CBSE conducted the Class 12 Economics exam on March 18, 2026, from 10:30 AM to 1:30 PM. The Economics theory paper is of 80 marks, and the internal assessment is of 20 marks.
Also Check: CBSE Class 12 Question Paper 2026 (All Subjects)
The question paper has 34 questions, all compulsory, for 80 marks:
- Section A is Macro Economics and Section B is Indian Economic Development
- 20 multiple choice questions of 1 mark each
- 4 Short Answer Type-I questions of 3 marks each (60 to 80 words)
- 6 Short Answer Type-II questions of 4 marks each (80 to 100 words)
- 4 Long Answer type questions of 6 marks each (100 to 150 words)
- There is no overall choice, but internal choice is given in a few questions
CBSE Class 12 Economics Set 2 - (58/3/2) Question Paper 2026 with Solution PDF
| CBSE Official PDF | CD PDF | CD PDF with Solutions |
|---|---|---|
| Download official PDF 0.71 MB | Download Collegedunia PDF 0.38 MB | – |
CBSE Class 12 Economics 2026 Set 2 (58/3/2) Questions with Solutions
Under the fixed exchange rate system, if the government decreases the value of domestic currency with respect to a foreign currency, it is known as __________ of currency.
(Choose the correct option to fill in the blank)
Read the following statements carefully :
Statement I : At the break-even level of income, the value of slope of the consumption curve is zero.
Statement II : Marginal Propensity to Consume (MPC) refers to the change in consumption per unit change in income.
In the light of the given statements, choose the correct option from the following :
“Consumption of a good by a person does not reduce the amount available for consumption by others. Consumers consuming such goods are known as free-riders.”
Identify the type of goods indicated in the above text.
Suppose in a hypothetical economy, Y = 50 + 0.8Y + 100, where Y = National Income.
The value of Investment Multiplier (K) would be __________.
(Choose the correct option to fill in the blank)
Read the following statements carefully :
Statement I : Trade in services includes both factor income and non-factor income transactions.
Statement II : Current Account includes transactions related to goods, services and unilateral transfers.
In the light of the given statements, choose the correct option from the following :
Select the correct formula to calculate the value of Marginal Propensity to Save (MPS) :
I. Change in Savings (ΔS) / Change in Consumption (ΔC)
II. Change in Savings (ΔS) / Change in Income (ΔY)
III. 1 – Marginal Propensity to Consume (MPC)
IV. Change in Income (ΔY) / Change in Savings (ΔS)
Identify, the factor which influences the demand for foreign exchange in a country.
(Choose the correct option)
On the basis of the given table, estimate the value added by the Baker.
(Amount in ₹ crore)
| Farmer | Baker | |
|---|---|---|
| Total Production | 100 | 200 |
| Intermediate Consumption | 0 | 50 |
| Value Added | 100 | ...(i)… |
(Choose the correct option)
Identify the variable(s) which may add to the future productive capacity of an economy :
I. Raw material
II. Fixed investment
III. Inventories with producers
(Choose the correct option)
Read the following statements : Assertion (A) and Reason (R). Choose the correct option from those given below :
Assertion (A) : Borrowing requirements of the government include interest obligations on debt as well.
Reason (R) : The goal of measuring primary deficit is to correct the prevailing fiscal imbalances.
State the meaning and any two components of Gross Domestic Capital formation.
“It is not the nature of a good, rather the economic nature of its use, which determines whether it is a final good or not.”
Justify the given statement with valid arguments.
“Many Multinational Corporations (MNCs) have recently shifted their production from China to India, which has boosted the ‘Make in India’ plan.”
Assuming other factors being constant, discuss the effects of the given statement on foreign exchange rates with reference to the Indian economy.
Estimate the value of incremental investment if, equilibrium level of income increases by ₹ 50,000 crore and half of additional income is always saved in the economy.
Distinguish between Revenue Expenditure and Capital Expenditure with the help of suitable examples.
Using suitable examples, distinguish between Revenue Receipts and Capital Receipts.
“The Reserve Bank of India (RBI) has decided to increase the loan amount to 80% of the security value, from the prior rate of 70%.”
In the light of the above statement, identify the type of monetary measure exercised by the Reserve Bank of India (RBI) and its likely impacts on the Aggregate Demand of the economy.
Comprehension:
Read the following passage carefully :
Any institution which accepts deposits from the public and advances loans is a bank. Banks are broadly categorised into :
• Commercial Banks, and
• Central Bank.
Commercial banks accept deposits from public and use these deposits for giving loans. Banks keep a fraction of deposits as reserves.
Read More
Generally, all depositors do not demand their money at the same time. The Central Bank of a country is responsible for controlling credit creation. The Reserve Bank of India (RBI) regulates the money supply in India through its monetary policy.On the basis of the above passage and common understanding, answer the following questions :
Mention any two traits that distinguish Central Bank from Commercial Banks.
“Open market operation is the tool used by Reserve Bank of India (RBI) to regulate money supply in the economy.” Justify the given statement with valid arguments.
“If in a locality a new park is developed by the Municipal Corporation, it will have some external effects.” State one example of each type of externality with valid explanation.
Calculate Net Domestic Product at Market Price (NDPMP) and Gross National Product at Market Price (GNPMP) from the following data :
| S. No. | Particulars | Amount (in ₹ crore) |
|---|---|---|
| (i) | Rent | 120 |
| (ii) | Profits | 200 |
| (iii) | Domestic Income | 720 |
| (iv) | Mixed Income | 70 |
| (v) | Wages and Salaries | 300 |
| (vi) | Indirect Taxes | 150 |
| (vii) | Subsidies | 50 |
| (viii) | Consumption of fixed capital | 200 |
| (ix) | Interest | 30 |
| (x) | Dividend | 120 |
| (xi) | Net factor income from abroad | 20 |
Identify, which of the following is an income indicator.
(Choose the correct option)
The steep Indian education pyramid indicates __________.
(Choose the correct option to fill in the blank)
Nations worldwide typically establish Regional and Global economic groups in order to _____________.
(Choose the correct option to fill in the blank)
Read the following statements carefully :
Statement I : Livestock provides alternative livelihood options to small and marginal farmers.
Statement II : In rural areas, animal husbandry provides stable employment opportunities throughout the year.
In the light of the given statements, choose the correct option from the following :
Read the following text carefully :
“Between 1966 – 67, Mao introduced this movement under which professionals and students were asked to work and learn from the countryside of China.”
Identify the correct option with reference to the aforesaid text.
The primary outcome of the efforts initiated by the Indian Government (Liberalisation and Privatisation) under the New Economic Policy of 1991 was __________.
(Choose the correct option to fill in the blank)
Minimum Support Price is fixed by the Government to safeguard the interests of the __________.
(Choose the correct option to fill in the blank)
Read the following statements : Assertion (A) and Reason (R). Choose the correct option from those given below :
Read them carefully and select the correct option :
Assertion (A) : The unemployment problem in India is multifaceted.
Reason (R) : Some individuals work round the year, while others work only a few months in a year.
Arrange the following events of Pakistan in correct chronological order :
I. Nationalisation of capital goods industries
II. Establishment of Pakistan
III. Introduction of economic reforms
IV. Announcement of First Five Year Plan
(Choose the correct option)
Read the following statements carefully :
Statement I : Inland waterways proved to be uneconomical as in the case of Coast Canal on the Orissa coast.
Statement II : British government followed an effective and efficient administrative set-up leaving a legacy of effective work culture.
In the light of the given statements, choose the correct option from the following :
Describe the role which India has played as an important member of World Trade Organisation (WTO).
Critically appraise the Industrial Licensing policy initiated by the government during the planning period of India.
“In the post-independence era (1950 – 90s), industrial development in India accelerated the rate of economic development.”
Justify the given statement with valid reasons.
Comprehension:
Study the given image carefully and answer the questions that follow.
Identify the artificial waterway during colonial rule that served as a highway between India and Britain.
In which year was this artificial maritime route officially opened for international navigation ?
Describe the economic significance of artificial waterways between the Mediterranean and the Red Sea.
“India, China and Pakistan have travelled more than seven decades of developmental paths with varied results.”
Justify the given statement with valid arguments.
Describe the role of government in improving the efficiency of human capital formation in India.
“Traditional knowledge and practices are still applicable in ensuring sustainable development.”
Do you agree with the given statement ? Support your answer with valid reasons.
Comprehension:
Read the following passage carefully :
In the present times, green investment and sustainability are priorities in public policy. India has emerged as a global leader at the front of the climate change.
India has pledged to seek solutions for the future. The government has contributed to maintain economic growth by implementing various policies and measures relating to sustainable development. Pradhan Mantri Ujjwala Scheme has actively contributed to cleaner air. The Jal Jeevan Mission
Read More
was launched with the objective of achieving water security.The greenhouse effect is a natural process that warms the Earth’s surface, where certain atmospheric gases, known as greenhouse gases, trap heat from the sun and re-emit it, keeping the planet warm enough to support life. In the present times, the issue of greenhouse gases and rising temperature of the Earth are a global concern.
On basis of the above passage and common understanding, answer the following questions :
Discuss any two steps involved in attaining sustainable development in India.
Mention any two factors which challenged the carrying capacity of the environment.
“Information Technology plays a very significant role in achieving sustainable development and food security.” Justify the given statement with valid arguments.
State the meaning of ‘self-employed worker’ with suitable example.
Distinguish between formal and informal sector with suitable examples.
CBSE Class 12 Economics Question Paper Pattern and Marking Scheme
The CBSE Class 12 Economics 2026 theory paper is of 80 marks and has 34 questions, all compulsory, in two sections: Section A (Macro Economics) and Section B (Indian Economic Development). There is no overall choice, but an internal choice (OR) is given in a few questions. The tables below give the paper pattern and the marking rules from the official CBSE question paper and marking scheme.
CBSE Class 12 Economics Question Paper Pattern 2026
| Section | Questions | Question Type | Marks per Question | Marks |
|---|---|---|---|---|
| Section A - Macro Economics | Q1 - Q10 | Multiple choice questions (MCQs) | 1 | 10 |
| Section A - Macro Economics | Q11 - Q12 | Short Answer Type-I (60 to 80 words) | 3 | 6 |
| Section A - Macro Economics | Q13 - Q15 | Short Answer Type-II (80 to 100 words) | 4 | 12 |
| Section A - Macro Economics | Q16 - Q17 | Long Answer type (100 to 150 words) | 6 | 12 |
| Section B - Indian Economic Development | Q18 - Q27 | Multiple choice questions (MCQs) | 1 | 10 |
| Section B - Indian Economic Development | Q28 - Q29 | Short Answer Type-I (60 to 80 words) | 3 | 6 |
| Section B - Indian Economic Development | Q30 - Q32 | Short Answer Type-II (80 to 100 words) | 4 | 12 |
| Section B - Indian Economic Development | Q33 - Q34 | Long Answer type (100 to 150 words) | 6 | 12 |
| Total | 34 questions | 80 |
CBSE Class 12 Economics Marking Scheme 2026
| Marking point | How it is applied |
|---|---|
| Value-point marking | Marks are awarded against the value points given in the official marking scheme; for a question with parts, marks are awarded for each part and then totalled. |
| Own expression | The marking scheme carries suggested value points only. A correct answer in the student's own words is awarded due marks. |
| Competency-based questions | If a competency-based answer is not from the marking scheme but shows the correct competency, due marks are awarded. |
| Errors | An error is penalised only once; no marks are deducted for its cumulative effect. |
| Incorrect answer | A totally incorrect answer is awarded zero (0) marks. |
| Extra question | If a student attempts an extra question, the answer deserving more marks is retained and the other is scored out. |
| Scale of marks | The full scale of 0 to 80 marks is used and full marks are awarded whenever the answer deserves them. |
CBSE Class 12 Economics Unit-Wise Weightage
| Part | Unit | Marks |
|---|---|---|
| Part A - Introductory Macroeconomics | ||
| National Income and Related Aggregates | 10 | |
| Money and Banking | 6 | |
| Determination of Income and Employment | 12 | |
| Government Budget and the Economy | 6 | |
| Balance of Payments | 6 | |
| Total | 40 | |
| Part B - Indian Economic Development | ||
| Development Experience (1947-90) and Economic Reforms since 1991 | 12 | |
| Current Challenges facing Indian Economy | 20 | |
| Development Experience of India - A Comparison with Neighbours | 8 | |
| Total | 40 | |
| Theory Paper | 80 | |
| Project Work | Project File and Viva Voce | 20 |
| Grand Total | 100 |
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