CBSE Class 12 Economics Set 3 Question Paper 2026 with Solutions
| Updated On - Mar 19, 2026
CBSE Class 12 Economics Set 3 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 3 Question Paper 2026 with Solutions PDFs
| CBSE Board Class 12 Economics Set 3 Question Paper 2026 | Download PDF | Check Solutions |
Identify that function of money which has effectively solved the problem of 'double coincidence of wants' in transactions.
Income generated from Aircrafts of Air India operating between Canada and England would be added to the domestic income (\(NDP_{FC}\)) of ____________.
Choose the correct consumption function from the options given below with reference to the illustrated diagram.
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:
Sumit deposited 10 lakh in his savings account. The deposits made by him is a part of ____________ in the \(M_1\) measure of money supply.
Read the following statements -- Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): Increase in exchange rate implies that the price of foreign currency in terms of domestic currency has increased.
Reason (R): Balance of trade records the inflows and outflows of goods.
Identify, which one of the following is not a function of Reserve Bank of India as a bank, agent and advisor to the government.
Read the following flow chart carefully and choose the correct option:
The Aggregate Demand (\(AD\)) curve lies parallel to consumption curve, indicating that both have ____________.
Read the following statements carefully:
Statement 1: Brokerage earned by a dealer of second hand cars is included in the estimation of National Income.
Statement 2: Imputed value of production for self-consumption is included in National Income.
In the light of the above given statements, choose the correct option from the following:
Calculate the value of 'Rent' from the following data:
``When initial deposits in the credit creation process remains same, the total amount of credit created rises as the value of money multiplier increases.'' Defend or refute the above statement with the help of hypothetical numerical example.
``Central Bank maintains reserves of all commercial banks and use to settle interbank claims.'' Do you agree with the given statement? Give valid explanation in support of your answer.
Explain the likely impact of implementation of ``Exports Promotion Scheme'' of Government of India on the Balance of Payment (BoP) of the country. (Keeping other factors constant)
State the meaning of Trade Surplus.
Read the following text carefully:
``The Reserve Bank of India (RBI) announced a 50 basis point Repo Rate cut to 5.50% from 6%.''
In the light of the given text and common understanding, answer the following questions:
(i) Identify the economic issue indicated in the above text.
(ii) Explain the likely causes and consequences of this step of RBI on the economy.
Read the following text carefully:
``A country's total National Income (NI) at the end of the year is 80,000 crore. During the same year, the Gross Domestic Product (GDP) increased by 2,00,000 crore. Price index for capital goods at the end of year is 15 lakh crore. Additionally, country invested 8,000 crore in new capital goods industries.''
In the light of the above text, classify the items as 'stock' or 'flow' variables with valid arguments.
The value of Nominal Gross National Product (GNP) of an economy was 2,500 crore in a particular year. The value of Gross National Product (GNP) of that country during the same year, estimated at the prices of base year was 3,000 crore. Estimate the Gross National Product (GNP) deflator (in percentage).
``The price level has risen between the base year and the year under consideration.'' Defend or refute the statement with suitable argument.
Identify the major sources of government revenue and state what percentage does each one of them contribute.
Discuss the need for allocating funds among different sectors of the economy.
Estimate the value of subsistence level of consumption expenditure from the following data, about an economy which is in equilibrium:
(i) National Income (\(Y\)) = 1,500 crore
(ii) Marginal Propensity to Consume (\(MPC\)) = 0.8
(iii) Investment Expenditure (\(I\)) = 150 crore
``An economy facing unplanned accumulation of inventories would try to increase its Aggregate Demand.'' Defend or refute the given statement with valid arguments.
Identify the monetary measure being referred to each of the following and discuss whether the tool would be used during a situation of excess demand or deficient demand:
(i) Buying government securities (G-Sec) from public.
(ii) Encouraging commercial banks to park their surplus funds with the Reserve Bank of India (RBI).
Complete the following table:
____________ estimates India's national and per capita income during the colonial era was considered very significant.
From the types of unemployment given in Column-I and corresponding features given in Column-II, choose the correct pair:
Growth of rural economy depends primarily on infusion of ____________ to realise higher productivity in agricultural and non-agricultural sectors.
``In the formative stages of reforms development of credit markets, administrative intervention in interest rates is both necessary and desirable.'' Identify the sector under which the aforesaid reform was introduced.
Read the following statements -- Assertion (A) and Reason (R). Choose the correct option from those given below:
Assertion (A): The dynamic sub-sectors like agro-processing industries, food processing industries, etc. have potential to create alternative employment opportunities.
Reason (R): Men usually seek non-farm jobs, but recently, women have also started looking for such jobs.
The steep Indian education pyramid indicates ____________.
China adopted ____________ strategy in which farmers and industries bought and sold certain quantities at government fixed prices, while remaining transactions occurred at market prices.
Identify the strategy given in the image that can be utilised for sustainable development.
Read the following statements carefully:
Statement 1: The option for producing off-season crops are quite restricted in organic farming.
Statement 2: Organic agriculture helps in substituting costlier agricultural inputs with locally produced organic inputs.
In the light of the above statements, choose the correct option from the following:
Education provides ____________.
(i) Scientific advancements
(ii) Facilitate inventions and innovations
(iii) Adapting to new technology
Explain the Great Leap Forward (GLF) campaign of China.
Distinguish between formal and informal sector of employment with the help of suitable examples.
Discuss the long term implications of increased demand for environmental resources exceeding their natural regenerative capacity.
Refer the given image carefully: Distribution of Employment by Gender.
Compare and analyse the distribution of workforce with respect to gender.
``The Restrictive policies under the colonial government adversely affected the structure, composition and volume of India's foreign trade.'' Justify the above statement with valid explanation.
Explain the main objectives and impacts of land settlement policies implemented under the British government rule.
State the meaning of Special Economic Zone (SEZ).
Discuss the 'One Child Policy' adopted by China.
Explain the significance of rural development.
Discuss any two policies initiated by Government of India for rural development.
Read the following text carefully and answer the questions given below:
``This organisation replaced General Agreement on Trade and Tariff (GATT) as global trade organisation.''
(i) Identify the organisation which is known as the successor of GATT.
(ii) In which year was this new organisation established?
(iii) Explain any two objectives of the new organisation.
Read the following text carefully and answer the questions given below:
``It is an arrangement in which a firm hires some specialized firm(s) to carry out some of its activities (which were earlier being performed by itself). These service hirings could be from local / international markets.''
(i) Identify the indicated outcome of the globalisation process.
(ii) State any two factors responsible for making India as an important source of these activities.
(iii) Explain examples of services that have expanded due to advancements in information technology.
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