CBSE Class 12 Economics Past Year Paper 2024 with Solution

CBSE Class 12 Economics 2024 Previous Year Papers

Economics is divided into microeconomics and macroeconomics, ensuring that students are equipped with the right study material. Microeconomics focuses on concepts like demand and supply and consumer and producer behaviour, whereas macroeconomics focuses on concepts like money and banking. Understanding this subject is crucial for commerce students, as it is important for both exams and professional careers.

Here at Educart, we have provided the previous year's papers with marking scheme solutions to ensure your economics preparation is easy. These question papers will help you analyse your learning as well as lay out a strong understanding of the concepts.

Below are the links for you to get your economic question paper:

Economics Class 12 Paper Pattern

The CBSE Class 12 Economics exam typically follows a pattern almost similar to every other subject, however, it is indispensable to understand the question format. 

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Duration: 3 hours.

Total marks: 80 marks (the remaining 20 marks are usually allotted for the project). 

This question paper contains two sections: 

Section A: Macro Economics (40 marks) 

This section includes 20 multiple-choice questions of one mark each and four short-answer type questions of three marks each. These questions require a brief answer of 60–80 words.

Section B: Indian Economic Development (40 marks)

This section includes six short answer-type questions carrying four marks each and four long answer questions of six marks each. The long-answer question requires a detailed approach to the answers.

Project Work (20 marks)

Students need to submit a project on any topic from their books, and the examiner will award the marks based on research and analysis.

A Brief Overview of the Class 12 Economics Syllabus 

NCERT Class 12 Economics is divided into two important sections: macroeconomics and microeconomics. Here’s a list of chapters included in both macroeconomics and microeconomics. 

NCERT Macroeconomics Class 12

Macroeconomics is an important component of Economics Class 12. It focuses on the study of the economy, such as national income, aggregate demand and supply, the government budget, and monetary policy.

The NCERT Macroeconomics class 12 textbook includes the following key chapters:

• Introduction to Macroeconomics: This chapter introduces basic concepts and the scope of macroeconomics.

• National Income Accounting: This chapter includes an in-depth explanation of national income concepts, methods of measurement, and the scope of macroeconomics.

• Money and banking: Discusses the role of money, banking institutions, and monetary policy.

• Income Determination: Explore how aggregate demand and supply determine income and output.

• Government budget and economy: Discuss the government's budgetary policy and its economic impact.

• Open-Economy Macroeconomics: Covers international economic transactions and their influence on the national economy.

NCERT Microeconomics Class 12 

Microeconomics analyses the behaviour of individual economic agents such as consumers, producers, and markets. It is another important aspect of Economics Class 12. The NCERT Class 12 Microeconomics textbook includes the following chapters:

• Introduction to Microeconomics: This chapter helps in understanding the basic concepts of microeconomics.

• Consumer equilibrium and demand: Learn how consumers achieve equilibrium and the factors affecting demand.

• Producer behaviour and supply: Analyzes Product decisions, cost concepts, and supply functions.

• Forms of Market and Price Determination: Explore different market structures and price determination mechanisms.

• Market Equilibrium: Explains how equilibrium is achieved in different market conditions.

Non-Competitive Markets: Focuses on Monopolies, Oligopolies, and Monopolistic Competitions.

Using previous year papers is a great way to prepare for exams. When you match them with the CBSE Class 12 Economics Syllabus, you can make sure you're studying the right topics and getting ready for what’s most important. There are several benefits of adding previous-year papers to your study plan; it will help you analyse your preparation. Utilising question papers is the best method to achieve high marks in exams. Try using reference books and video lectures for a better understanding of the complex subjects.