CBSE Class 12 Economics Solved Question Bank Set 01

Download Class 12 Economics Worksheets for All Chapters

Review targeted practice sets for Class 12 Economics All Chapters. Built according to official educational guidelines for the 2026-27 academic year, these downloadable worksheets support daily revision and core concept reinforcement.

Access All Chapters Questions and Exercises

Navigate directly to the printable exercises for All Chapters using the digital viewer below. Each practice set allows students to isolate specific topics for thorough review and uninterrupted practice alongside standard textbooks.

Question Bank SERIES
 
 
1. Define production possibility Curve. Explain the problem of choice with its help. PPC shows various combinations of two goods that can be produced with available technologies and with given resources, which are fully efficiently utilized.
 
At a given point of time, the technologies available to produce various goods and services as well as resources available in the economy are limited. If more resources go into the production of one good, less is available for the production of other good. In order to decide which combination of goods is the best, we have to first identify various combinations that are available to an economy. This is illustrated by concept called production possibility curve.

CBSE Class 12 Economics Solved Question Bank Set A 1

At the point A only Good Y is produced no good X. At the point F only good X is produced but no Y. Points B, C, D, and E shows various combinations of both the goods. Which combination to be produced, depends on the taste and preferences of the society. Any point on the curve (like a, b, c, d and f) show full employment of resource Any point below the PPC (point G)show under employment of resource Any point above the PPC (point H) show beyond the reach with available resource
 
2.What are the characteristics of PPC
a. PPC is downward sloping because in order to produce more units of one goods some units of the other goods must be sacrificed.
b. PPC is concave to the origin because of the increasing marginal rate of transformation or increasing slope of the PPC
 
3. What are the causes of Shift in PPC to right?
It indicates economic growth. It can be due to:-
a. Increase in labour availability
b. Improvement in technology of production
c. Increase in productivity of labour
d. Growth of finding of new resources
 
4. What are the causes of Shift in PPC to left?
It indicates decrease in productive capacity of the economy. It can be due to:-
a. Natural calamities and wide spread destruction of capital stock
b. Decrease in labour supply
c. Depletion if resources.
 
5. Define Resources. State its two characteristics.
Resources are inputs used in the production of goods and services. Two important features of resources that give rise to economic problems are
a. Resources are limited in supply
b. Resources have alternative uses.
 
6. Explain the Central Problems of an economy related to allocation of resources.
a. What is produced and in what quantities:- How much of each commodity to be produced-whether to produce more food, clothing, housing, luxury goods etc. Whether to allocate more resources on production of education, health or military services etc. Whether to produce more consumer goods or investment goods.
b. How are these goods produced?- This refer to technology of production. How much of which of the resources to use in production of each of the different good. Whether to use more labour or capital or which of the available technology to be utilized?
c. For whom to produce?- how should the produce of the economy be distributed among the individuals in an economy? Who gets more and who gets less? Whether to ensure a minimum amount of consumption to every one in the society? Whether the basic education and public health be available to all in the country Etc. For whom to produce refer to distribution of income in the society.
 
7. Define Micro and Macro economics.
 
Micro economics: It deals with individual economic units. Example: Price theory
Macro economic: It deals with the economy as a whole: Theory of income determination
 
8. Distinguish between positive and normative economics.
 
Positive economics: It deals with ‘what a phenomenon is’ and ‘what it likely to be’- It explains a fact. There are no value judgement
Normative economics: It deals with “what should be” or what is desirable” based on value judgment.


Please click on below link to download CBSE Class 12 Economics Solved Question Bank Set A

Free study material for Economics

All Chapters Practice Sheet and Solutions for Class 12 Economics

All Chapters Printable Worksheet for Class 12 Economics

Access structured practice worksheets for All Chapters designed in alignment with the latest CBSE curriculum for Class 12 Economics. These printable problem sets help students build accuracy and prepare effectively for school tests.

How to Use These Practice Sheets

Built using the official NCERT book for Class 12 Economics, these practice materials provide reliable academic guidance. Pair your practice with our recommended NCERT solutions to master optimal problem-solving approaches.

Enhance Speed with Online Practice

Wrap up your chapter revision by testing your knowledge against standard question formats. Everything on our platform is provided free of charge.

FAQs

Where can I download the latest PDF for CBSE Class 12 Economics Solved Question Bank Set 01?

You can download the teacher-verified PDF for CBSE Class 12 Economics Solved Question Bank Set 01 from StudiesToday.com. These practice sheets for Class 12 Economics are designed as per the latest CBSE academic session.

Are these Economics Class 12 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 12 Economics Solved Question Bank Set 01 includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

Do you provide solved answers for CBSE Class 12 Economics Solved Question Bank Set 01?

Yes, we have provided detailed solutions for CBSE Class 12 Economics Solved Question Bank Set 01 to help Class 12 and follow the official CBSE marking scheme.

How does solving CBSE Class 12 Economics Solved Question Bank Set 01 help in exam preparation?

Daily practice with these Economics worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

Is there any charge for the Class 12 Economics practice test papers?

All our Class 12 Economics practice test papers and worksheets are available for free download in mobile-friendly PDF format. You can access CBSE Class 12 Economics Solved Question Bank Set 01 without any registration.