CBSE Class 12 Economics Question Paper 2020 Set B Solved

Economics
Download PDF

Access and download CBSE Class 12 Economics Question Paper 2020 Set B Solved, carefully designed as per the latest 2025-26 examination guidelines issued by CBSE, NCERT, and KVS. These Class 12 Economics previous year question papers include detailed solutions, helping students to assess their performance and identify and improve key areas before the final exams.

Solved Economics Question Papers for Class 12

Practicing these Class 12 Economics question papers is the best way to understand the actual exam pattern and marking scheme. By solving these papers under timed conditions, Class 12 students can improve their speed and accuracy. Download the full CBSE Class 12 Economics Question Paper 2020 Set B Solved to begin your self-assessment today.

Economics Class 12 Question Paper PDF with Solutions

SECTION A (Macro Economics)
 
1 Identify the final good from the following.
A. Electricity used by a trader of garments in his shop
B. Petrol purchased by a house hold for using in their car.
C. Readymade garments purchased by a trader for sale.
D. Bread purchased by a restaurant.
 
2 Central Bank has fixed Legal Reserve Ratio as 20% of the deposits collected by the commercial banks. The deposit multiplier could be -------------- times. (Choose correct alternative)
A. 4    B. 5    C. 6    D. 8
 
3 …………………………………… could lead to an increase in the demand for foreign exchange in the economy. (choose the correct alternative)
A. Foreign Direct Investment.
B. Deficit in Balance of Trade
C. Surplus in Balance of Trade
D. Transfer payments from abroad.
How is ‘Repo Rate’ different from ‘Bank Rate’?
 
5 Giving reason state whether the following statement is true or false.
‘Fund collected by the government from capital gain tax is stated as capital receipt in government budget’.
 
6 From the set of statements given in Column I and Column II, choose the correct pair of statement. statement.
 
Column I                                             Column II
a. Excess demand                            (i) Accumulation of inventory in the economy
b. Import of goods from abroad       (ii) Increases ‘aggregate demand’ in the economy
c. Changes in stock                          iii) Opening stock minus closing stock
d. Marginal propensity to save         (iv) Can never be negative.
 
7 What does high powered money mean?
 
8 Name any one fiscal policy measure to correct inequalities in distribution of income and wealth.
OR
Name any one Public good that can be provided through budget allocation.
 
9 From the following identify accommodating items in Balance of Payment Account?
A. Export and import of goods and services
B. Private sector borrowings to invest in foreign countries
C. Private sector borrowings from abroad to import machineries.
D. Borrowing from IMF to finance deficit in balance of payment.
 
10 The value of Marginal Propensity to Save is found to be unitary. Investment multiplier could be: (Choose correct alternative)
A. Zero   B. Infinity   C. 10   D. 1
 
11 What are the precautions to be taken while calculating national income using expenditure method? State with reason.
OR
What are the precautions to be taken while calculating national income using value added method? State with reason.
 
12 How does Central Bank of a country use ‘Reserve Ratio Requirement’ to control credit creation and money supply in an economy?
 
13 By providing services like free primary education, free health facilities, maintenance of law and order etc, which of the two objectives that government expects to perform through its budget? Explain.
 
14 An increase of Rs.500 crore in investment in an economy resulted in a total increase in come of Rs2000/- crores. Calculate the following.
a. Marginal propensity to consume
b. Change in savings
c. Change in consumption expenditure
d. Value of multiplier.
 
15 Are the concepts of demand for domestic goods and domestic demand for goods same? Explain
OR
What are the components of current account of balance of payment account? Also distinguish between current account and capital account of balance of payment account.
 
16 Define investment multiplier. How is it related to Marginal Propensity to consume? Explain the process of multiplier. What is meant by this statement?
OR
‘An economy is functioning at equilibrium’. What do you mean by this statement? If the economy is not at equilibrium, what adjustment mechanism will take place to bring back the economy at equilibrium? Explain using diagram.
 
17 Calculate national income by income and expenditure method
 
1. Compensation of employees                                7660
2. Government final consumption expenditure          7600
3. Indirect taxes                                                       380
4. Gross domestic fixed capital formation                  2860
5. Mixed income of self employed                             4260
6. Rent, interest and profits                                     5620
7. Net addition to stock                                            200
8. Export of goods and services                                340
9. Import of goods and services                                360
10. Private final consumption                                   5800
11. Net factor income from abroad                            100
12. Subsidies                                                            120
13. Consumption of fixed capital                               440
 
SECTION B ( Indian Economic Development)
 
18 A special geographical region that has economic laws different from a country’s typical economic laws in order to attract foreign investment is called -----------------------------------.
 
19 The campaign initiated by china, which was aimed at industrializing the country on a massive scale was known as: ---------------------------.(Choose the correct alternative)
A. The Great Proletarian Cultural Revolution.
B. The Great Leap Forward
C. The policy of Special Economic Zones
D. The Commune system
 
20 The concept explaining the three phases of falling death and birth rate associated with economic development is known as -----------------------------------.
A. Infant Mortality Rate
B. Life expectancy at birth
C. Demographic Transition
D. Overall Mortality Rate
 
21 Identify the structural reform measure from the following.
A. Policy to correct balance of payment deficit
B. Policy to control inflation
C. Policy of globalization
D. Policy to revive automobile industry
 
22 People whose income always lie below poverty line and sometimes may get a little more money are grouped under the category of --------------------- poor.
OR
People whose income regularly moves in and out of the poverty line and occasionally poor are categorized as ------------------poor.
 
23 Golden Revolution indicates:
A. Increase in the production of Organic farming products
B. Increase in the production of livestock
C. Increase in the production of wheat and rice
D. Increase in the production of horticultural crops
 
24 A system whereby all the farmers can pool their milk produced according to different grading and the same is processed and marketed to urban centers through cooperatives is referred as -----------------------------------.
 
25 Which one of the following statement is true in the case of India when we compare China and Pakistan?
A. High degree of urbanization
B. Very high fertility rate
C. Growth due to manufacturing sector
D. High density of population


Please click on below link to download CBSE Class 12 Economics Question Paper 2020 Set B Solved

2024
CBSE Class 12 Economics Question Paper 2024 Solved
2023
CBSE Class 12 Economics Question Paper 2023 Solved
2022
CBSE Class 12 Economics Question Paper 2022 Set A
CBSE Class 12 Economics Question Paper 2022 Set A Solved
CBSE Class 12 Economics Question Paper 2022 Set B Solved
CBSE Class 12 Economics Question Paper 2022 Set C Solved
2021
CBSE Class 12 Economics Question Paper 2021 Set A
CBSE Class 12 Economics Question Paper 2021 Set C Solved
CBSE Class 12 Economics Question Paper 2021 Set D Solved
CBSE Class 12 Economics Question Paper Solved 2021 Set B
2020
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set A
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set B
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set C
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set D
CBSE Class 12 Economics Boards 2020 Question Paper Solved Set E
CBSE Class 12 Economics Compartment Question Paper Solved 2020
CBSE Class 12 Economics Question Paper 2020 Set B Solved
CBSE Class 12 Economics Question Paper 2020 Set C Solved
CBSE Class 12 Economics Question Paper Solved 2020 Set A
2019
CBSE Class 12 Economics Punjabi Question Paper 2019 Set A
CBSE Class 12 Economics Punjabi Question Paper 2019 Set B
CBSE Class 12 Economics Punjabi Question Paper 2019 Set C
CBSE Class 12 Economics Question Paper Solved 2019 Set A
CBSE Class 12 Economics Question Paper Solved 2019 Set B
CBSE Class 12 Economics Question Paper Solved 2019 Set C
CBSE Class 12 Economics Question Paper Solved 2019 Set D
CBSE Class 12 Economics Question Paper Solved 2019 Set E
CBSE Class 12 Economics Question Paper Solved 2019 Set F
CBSE Class 12 Economics Question Paper Solved 2019 Set G
CBSE Class 12 Economics Question Paper Solved 2019 Set H
CBSE Class 12 Economics Question Paper Solved 2019 Set I
CBSE Class 12 Economics Question Paper Solved 2019 Set J
CBSE Class 12 Economics Question Paper Solved 2019 Set K
CBSE Class 12 Economics Question Paper Solved 2019 Set L
CBSE Class 12 Economics Question Paper Solved 2019 Set M
CBSE Class 12 Economics Question Paper Solved 2019 Set N
CBSE Class 12 Economics Question Paper Solved 2019 Set O
2018
CBSE Class 12 Economics Boards Question Paper Solved 2018 Set 1
CBSE Class 12 Economics Boards Question Paper Solved 2018 Set 2
CBSE Class 12 Economics Boards Question Paper Solved 2018 Set 3
2017
CBSE Class 12 Economics Question Paper All India with answers 2017 (1)
CBSE Class 12 Economics Question Paper All India with answers 2017 (2)
CBSE Class 12 Economics Question Paper All India with answers 2017 (3)
CBSE Class 12 Economics Question Paper Delhi with answers 2017 (1)
CBSE Class 12 Economics Question Paper Delhi with answers 2017 (2)
CBSE Class 12 Economics Question Paper Delhi with answers 2017 (3)
CBSE Class 12 Economics Question Paper Foreign with answers 2017 (1)
CBSE Class 12 Economics Question Paper Foreign with answers 2017 (2)
CBSE Class 12 Economics Question Paper Foreign with answers 2017 (3)
2016
CBSE Class 12 Economics Question Paper 2016 Set 1
CBSE Class 12 Economics Question Paper 2016 Set 1 Delhi
CBSE Class 12 Economics Question Paper 2016 Set 2
CBSE Class 12 Economics Question Paper 2016 Set 2 Delhi
CBSE Class 12 Economics Question Paper 2016 Set 3
CBSE Class 12 Economics Question Paper 2016 Set 3 Delhi
2015
CBSE Class 12 Economics Question Paper 2015 (Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Delhi Set 1 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Delhi Set 2 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Delhi Set 3 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Outside Delhi Set 1) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Outside Delhi Set 1 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Outside Delhi Set 2) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Outside Delhi Set 2 (with answers) Reval
CBSE Class 12 Economics Question Paper 2015 (Outside Delhi Set 3) with Answers (Compartment)
CBSE Class 12 Economics Question Paper 2015 Outside Delhi Set 3 (with answers) Reval
CBSE Class 12 Economics (Urdu) Question Paper 2015 (Delhi Set 1) (Compartment)
CBSE Class 12 Economics (Urdu) Question Paper 2015 (Delhi Set 2) (Compartment)
CBSE Class 12 Economics (Urdu) Question Paper 2015 (Delhi Set 3) (Compartment)
2014
CBSE Class 12 Economics Question Paper 2014 Set 1 - Delhi
CBSE Class 12 Economics Question Paper 2014 Set 1 - Foreign
CBSE Class 12 Economics Question Paper 2014 Set 1 - Outside Delhi
CBSE Class 12 Economics Question Paper 2014 Set 2 - Delhi
CBSE Class 12 Economics Question Paper 2014 Set 2 - Foreign
CBSE Class 12 Economics Question Paper 2014 Set 2 - Outside Delhi
CBSE Class 12 Economics Question Paper 2014 Set 3 - Delhi
CBSE Class 12 Economics Question Paper 2014 Set 3 - Foreign
CBSE Class 12 Economics Question Paper 2014 Set 3 - Outside Delhi
CBSE Class 12 Economics Question Paper SA1 2014 (1)
CBSE Class 12 Economics Question Paper SA1 2014 (2)
CBSE Class 12 Economics Question Paper SA2 2014
2013
CBSE Class 12 Economics Delhi Question Paper 2013 (1)
CBSE Class 12 Economics Delhi Question Paper 2013 (2)
CBSE Class 12 Economics Delhi Question Paper 2013 (3)
CBSE Class 12 Economics Foriegn Question Paper 2013 (1)
CBSE Class 12 Economics Foriegn Question Paper 2013 (2)
CBSE Class 12 Economics Foriegn Question Paper 2013 (3)
CBSE Class 12 Economics Outside Delhi Question Paper 2013 (1)
CBSE Class 12 Economics Outside Delhi Question Paper 2013 (2)
CBSE Class 12 Economics Outside Delhi Question Paper 2013 (3)
CBSE Class 12 Economics Question Paper SA1 2013
CBSE Class 12 Economics Question Paper SA2 2013
2012
CBSE Class 12 Economics Question Paper 2012 (1)
CBSE Class 12 Economics Question Paper 2012 (2)
CBSE Class 12 Economics Question Paper SA1 2012
CBSE Class 12 Economics Question Paper SA1 2012 (1)
CBSE Class 12 Economics Question Paper SA1 2012 (2)
2011
CBSE Class 12 Economics Question Paper 2011 (1)
2010
CBSE Class 12 Economics Question Paper 2010 (1)
CBSE Class 12 Economics Question Paper SA1 2010 (1)
2009
CBSE Class 12 Economics Question Paper 2009 (1)
Economics Question paper 2009
2008
CBSE Class 12 Economics Question Paper 2008 (1)
CBSE Class 12 Economics Question Paper 2008 (2)
CBSE Class XII Economics Question paper 2008
2007
CBSE Class 12 Economics Question Paper 2007 (1)
CBSE Class 12 Economics Question Paper 2007 (2)
CBSE Class 12 Economics Question Paper 2007 (3)
2006
CBSE Class 12 Economics Question Paper 2006 (1)
CBSE Class 12 Economics Question Paper 2006 (2)
2005
CBSE Class 12 Economics Question Paper 2005 (1)
CBSE Class 12 Economics Question Paper 2005 (2)
CBSE Class 12 Economics Question Paper 2005 (3)
* More Question Papers
CBSE Class XII Economics Question Paper 1

Important Practice Resources for Class 12 Economics

CBSE Class 12 Economics Question Paper 2020 Set B Solved

To understand the types of questions asked in past examinations, it is very important for Class 12 students to solve the CBSE Class 12 Economics Question Paper 2020 Set B Solved provided above. You can easily download these past papers for Class 12 Economics in PDF format for the last 10 years. By practicing these actual exam questions you will gain an understanding of the difficulty level and the variety of topics covered over the years. By solving these Previous Year Papers (PYPs) you will understand both descriptive and MCQ questions in your final tests.

Importance of solving CBSE Class 12 Economics Question Paper 2020 Set B Solved

Regularly practicing CBSE Class 12 Economics Question Paper 2020 Set B Solved is the best way to improve your score in Class 12 Economics. These papers will give you details of the marking scheme and the paper structure used by the CBSE. By regularly attempting these under actual exam conditions at home, you can slowly improve your time management skills, which will help you to complete your Economics paper within the allowed duration.

Benefits of downloading CBSE Class 12 Question Papers

Having the CBSE Class 12 Economics Question Paper 2020 Set B Solved in PDF format allows you to revise key concepts anywhere, even without an internet connection. These sets are a reliable tool to practice numerical problems and understand the correct approach to all types of answers. After solving the questions, you should compare your work with the solutions provided by our teachers. Along with these papers, students should always solve the Class 12 Economics Sample Papers and MCQ tests on studiestoday.com for a complete revision.

Where can I download CBSE Class 12 Economics Question Paper 2020 Set B Solved in Pdf

You can download CBSE Class 12 Economics Question Paper 2020 Set B Solved from StudiesToday.com

How can I download and print CBSE Class 12 Economics Question Paper 2020 Set B Solved

You can easily access the link above and download CBSE Class 12 Economics Question Paper 2020 Set B Solved and save on your computer of mobile

How can I improve my scores by solving CBSE Class 12 Economics Question Paper 2020 Set B Solved

Regular practice of sample CBSE Class 12 Economics Question Paper 2020 Set B Solved can help you to score better marks in exams

Are there any websites that offer free CBSE Class 12 Economics Question Paper 2020 Set B Solved

Yes, studiestoday.com provides all latest CBSE Class 12 Economics Question Papers with answers based on the latest format issued for current academic session

Are mock CBSE Class 12 Economics Question Paper 2020 Set B Solved available in multiple languages

Yes, mock CBSE Class 12 Economics Question Paper 2020 Set B Solved are available in multiple languages, including English, Hindi