CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved

Economics
Download PDF

Download CBSE Class 12 Economics Question Papers

Review targeted exam resources with the CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved. Built according to official CBSE standards for the 2026-27 academic year, these downloadable Class 12 Economics question papers support effective revision and performance tracking.

Access CBSE Question Papers and Solutions

View or download the dedicated CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved resource below. Engaging with these previous year papers under timed conditions ensures continuous academic progress and mastery of the 2026-27 exam format.

ECONOMICS

SECTION A
(Macro Economics)
1. Which of the following is not a non-tax revenue receipt ?
(Choose the correct alternative)
(A) Goods and Services tax
(B) External grants
(C) Dividends and profits
(D) Disinvestment
 
2. Deflationary gap indicates _________ (excess/deficient) demand in an economy. (Fill in the blank with correct answer) 
 
3. State, whether the following statement is true or false :
 
‘‘Government budget is an annual statement showing actual receipts and actual payments of the government for the last fiscal year.’’
 
4. Name the components of money supply. 
 
5. If the exchange rate of the home currency rises, the value of exports of the economy is likely to ________ . (Fill in the blank with correct answer) 
 
6. State the meaning of Involuntary Unemployment. 
OR
Average Propensity to Save (APS) is the ratio of ________ and ________ . (Fill in the blanks with correct answer) 
 
7. State, whether the following statement is true or false : 
‘‘The official reserve transactions are taken as the accommodating item in Balance of Payment (BOP).’’
 
8. Under Statutory Liquidity Ratio, commercial banks are required to keep a fraction of _________ in the form of liquid assets. (Choose the correct alternative) 
(A) Total deposits
(B) Term deposits
(C) Total demand and term deposits
(D) Current deposits
 
9. Define ‘Foreign Exchange Rate’. 
 
10. Primary deficit can be zero if _________ .(Fill in the blank with correct alternative) 
(A) Fiscal deficit = Interest payments
(B) Fiscal deficit < Interest payments
(C) Fiscal deficit > Interest payments
(D) Revenue deficit < Fiscal deficit
 
11. Distinguish between a ‘Current account deficit’ and a ‘Trade deficit’. 
OR
‘‘Balance of Payment (BOP) is always balanced in the accounting sense.’’
Defend or refute the given statement with valid reasons.
 
 Please click on below link to download CBSE Class 12 Economics Boards 2020 Question Paper Solved Set C.

Free study material for Economics

Past Exam Papers & Solutions for Class 12 Economics

Class 12 Economics Past Exam Papers & Resources

Explore downloadable past papers for Class 12 Economics. Utilizing the CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved ensures complete preparedness by offering clear insights into historical question styles and marking expectations.

Importance of Solving CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved

Practicing past question sets under timed home conditions helps refine pacing and time management skills, ensuring you complete your Economics examination comfortably within the official duration.

Complete Your Exam Preparation

Download digital copies of these papers for convenient offline revision anywhere. Cross-check your completed steps against our expert solution guides to ensure complete accuracy.

FAQs

Where can I download the official PDF for CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved?

The CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved is available for download on StudiesToday.com. It includes complete set with all sections so that Class 12 students can practice with the exact same paper that came in the CBSE exams.

Are the solutions for CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved based on the official CBSE marking scheme?

Yes, the solutions for CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved are prepared by subject matter experts as per official marking scheme. Class 12 students will understand the structure of answers and 'step-marks' methodology Economics.

How does solving CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved help in preparing for the 2026
exams?

Solving previous year papers like CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved is important to understand repeat themes and question difficulty levels of Economics. It helps Class 12 students to test their time management skills too.

Can I access CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved in different languages?

Yes, where applicable, CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved is available in both English and Hindi mediums. All students from Class 12 can access Economics study material in their preferred language.

Is there a charge to download the CBSE Class 12 Economics solved papers?

No, all previous year question papers on StudiesToday, including CBSE Class 12 Economics Boards 2020 Question Paper Set 03 Solved, are provided free of charge in mobile-friendly PDF.