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Nidhi Bamnawat

| Updated On - Mar 19, 2026

CBSE Class 12 Economics Set 2 Question Paper 2026, conducted on March 17, 2026, is now available for download along with detailed solutions in PDF format. The paper carries a total of 70 marks and is structured to evaluate students through 20 marks of short-answer questions, 30 marks of long-answer questions, and 20 marks of essay-type and problem-solving questions.

CBSE Board Class 12 Economics Set 2 Question Paper 2026 with Solutions PDFs

CBSE Board Class 12 Economics Set 2 Question Paper 2026 Download PDF Check Solutions
CUET PG 2026 Ancient Indian History Question Paper with Solution Pdf

Question 1:

Identify which of the following is a ‘Stock’ variable:

  • (A) Monthly Salary of a teacher
  • (B) Distance between Delhi and Mumbai
  • (C) Annual Interest on savings
  • (D) Quantity of wheat produced in a year

Question 2:

If \(MPC = 0.5\), what will be the value of the Investment Multiplier (\(K\))?

  • (A) 1
  • (B) 2
  • (C) 4
  • (D) 5

Question 3:

Assertion (A): \(APC\) can be greater than 1.

Reason (R): At very low levels of income, consumption can exceed income.

  • (A) Both A and R are true and R is the correct explanation.
  • (B) Both A and R are true but R is not the explanation.
  • (C) A is true, R is false.
  • (D) A is false, R is true.

Question 4:

Supply of money refers to:

  • (A) Stock of money with the government.
  • (B) Stock of money with the banking system.
  • (C) Stock of money with the public at a point in time.
  • (D) Total gold reserves in the country.

Question 5:

Purchase of a car by a household is an example of:

  • (A) Capital formation
  • (B) Intermediate consumption
  • (C) Final consumption
  • (D) Inventory investment

Question 6:

Which of the following is NOT a function of the Central Bank?

  • (A) Issue of currency
  • (B) Banker to the Government
  • (C) Accepting deposits from general public
  • (D) Custodian of foreign exchange

Question 7:

When the exchange rate of domestic currency rises in a managed floating system, it is called:

  • (A) Devaluation
  • (B) Depreciation
  • (C) Appreciation
  • (D) Revaluation

Question 8:

“Unilateral Transfers” are recorded in which account of BOP?

  • (A) Capital Account
  • (B) Current Account
  • (C) Errors and Omissions
  • (D) None of these

Question 9:

If the Legal Reserve Ratio (\(LRR\)) is 20%, the Money Multiplier will be:

  • (A) 2
  • (B) 5
  • (C) 10
  • (D) 20

Question 10:

Identify the correct statement:

  • (A) Revenue deficit includes capital receipts.
  • (B) Fiscal deficit is the difference between total expenditure and total receipts excluding borrowings.
  • (C) Primary deficit includes interest payments.
  • (D) Tax is a non-debt creating capital receipt.

Question 11:

Calculate ‘Compensation of Employees’ (\(COE\)) from the following data :


Question 12:

Explain the ‘Store of Value’ function of money.


Question 13:

Distinguish between ‘Involuntary Unemployment’ and ‘Voluntary Unemployment’.


Question 14:

Distinguish between ‘Revenue Receipts’ and ‘Capital Receipts’ in a Government Budget.


Question 15:

Explain the concept of ‘Deflationary Gap’ with the help of a diagram.


Question 16:

Explain the ‘Banker to the Government’ function of the Central Bank.


Question 17:

Explain the process of ‘Credit Creation’ by Commercial Banks with a numerical example.


Question 18:

In which year was the first Five-Year Plan started in India?

  • (A) 1948
  • (B) 1950
  • (C) 1951
  • (D) 1956

Question 19:

The architect of Indian Planning was:

  • (A) Jawaharlal Nehru
  • (B) P.C. Mahalanobis
  • (C) V.K.R.V. Rao
  • (D) Manmohan Singh

Question 20:

When were the economic reforms (New Economic Policy) introduced in India?

  • (A) 1985
  • (B) 1991
  • (C) 1999
  • (D) 2001

Question 21:

‘Great Leap Forward’ (GLF) campaign in China was initiated in 1958 to:

  • (A) Modernize agriculture
  • (B) Industrialize the country on a massive scale
  • (C) Promote foreign trade
  • (D) Control population

Question 22:

NABARD was established in the year:

  • (A) 1969
  • (B) 1975
  • (C) 1982
  • (D) 1991

Question 23:

Special Economic Zones (SEZs) were established in China to attract:

  • (A) Rural workers
  • (B) Foreign Direct Investment (FDI)
  • (C) Agricultural technology
  • (D) Political support

Question 24:

Observe the given image of the ‘Biogas (Gobar Gas) Plant’ and identify its benefit:

  • (A) It increases the use of chemical fertilizers.
  • (B) It is a clean, non-conventional source of energy.
  • (C) It causes high air pollution.
  • (D) It is an expensive urban energy source.

Question 25:

‘Golden Revolution’ is associated with:

  • (A) Milk
  • (B) Horticulture and Honey
  • (C) Cereals
  • (D) Fisheries

Question 26:

Pakistan’s economic reforms were initiated in the year:

  • (A) 1978
  • (B) 1988
  • (C) 1991
  • (D) 1995

Question 27:

Define ‘Sustainable Development’.


Question 28:

Mention any three challenges facing the power sector in India.


Question 29:

Discuss the role of ‘Self-Help Groups’ (SHGs) in rural credit.


Question 30:

Explain the ‘Great Proletarian Cultural Revolution’ of China.


Question 31:

Analyze the following chart regarding ‘Distribution of Employment by Gender’:


Question 32:

Discuss ‘Organic Farming’ as a sustainable alternative.


Question 33:

Compare the development experiences of India and China on the basis of GDP growth and Sectoral contribution.


Question 34:

Evaluate the impact of ‘LPG Reforms’ (1991) on the Indian Economy.

*The article might have information for the previous academic years, please refer the official website of the exam.

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