Students can easily fetch marks in Economics subject if they plan their preparation in the right way. Following the expert preparation tips will help candidates to enhance their preparation and better succeed in the exam. Candidates appearing for the class 12 exams can go through the post to know How to Study Economics for Class 12.

How to Study Economics for Class 12

Before starting the preparation, it is important for candidates to check the detailed Class 12 Economics Syllabus as this will help them know the important topics from the exam point of view and focus more on those topics to score good marks in the exam.

  • Candidates are advised to divide the syllabus into two parts. The first part include chapters like Government budget, Balance of payment, Economy reforms since 1991, Indian economy on the eve of independence, Indian economy 1950-1990, Money and Banking,  Poverty, and comparative development of experiences of India and its neighbours.
  • And, the second part include remaining chapters such as Determination of income and employment, National Income, Environment, and sustainable development, Infrastructure, Human capital formation, Rural development and Employment, Growth, Informalisation, and other issues.
  • Solving Class 12 Economics Sample Papers will help candidates to know the difficulty level of the paper and the type of questions asked in the exam.
  • Through this post, candidates will get to know the simple tips and tricks for economics class 12 and how to score good marks in the upcoming exam.

Class 12 Economics Sample Papers

Class 12 Economics Sample Papers

Important Topics for Class 12 Economics

As per the experts, being aware of the important topics will help candidates to prepare well for the exam. To help candidates, we have provided some of the important class 12 economics topics that candidates need to be prepared for the upcoming exam.

  • Consumer Equilibrium and Demand
  • Aggregate Demand
  • Producer Behaviour and Supply
  • Determination of Income and Employment
  • Government Budget and the Economy
  • Money and Banking
  • National Income and Related Aggregates
  • Forms of Market and Price Determination
  • Balance of Payments
  • Elasticity of Demand
  • Indifference Curve
  • Competition and Market Structures
  • Compound Interest
  • Balance of Trade and Balance of Payments

How to Score Well in CBSE Class 12 Economics?

Candidates can follow the simple tips mentioned below while preparing for the class 12 economics. These tips will help candidates to know how to plan their preparation in a better way.

  • Firtly, go through the Exam Pattern and syllabus of class 12 Economics in and out 
  • Prepare a time table that covers all the concepts as per the latest syllabus
  • Collect required study material and books taht incle lot of examples and easy explanations.
  • Try to avoid mugging up definitions nad formulas. Instead, understand each concept properly with the logic and reasoning.
  • Make sure to practice drawing graphs regularly as this will help you draw correct shapes of various curves in the exam.
  • Candidates should learn the meaning of different economic related terms and various economics models.
  • Avoid writing answers in paragraph. You should write answers in points as this will help you fetch more marks.
  • Practice as many numeric and application based questions as possible from books and previous year papers.
  • Make sure to prepare your own notes for each chapter including definition, important points, formulas, relationships between different economics variables. Also, mark the important points with different colours pen while making the notes as this will help during your revision time.
  • Solve at least last 10 year previous year question papers as this will help improve your time management skills, speed, and accuracy.
  • Candidates are advised to read, understand, and learn all the topics given in the NCERT books. This will help enhance your preparation levels for the upcoming exam.

Class 12 Economics Sample Papers

Class 12 Economics Sample Papers

Expected Questions from Class 12 Economics

Candidates can go through some of the expected questions of class 12 economics from the post below and know what type of questions can be asked in the exam.

  • Infrastructure contributes to the economic growth of the country”. Do you agree? Explain with reason.
  • Explain the term informalisation and what are the causes behind informalisation in India.
  • Write the difference between the formal sector and the informal sector of employment.
  • What are the steps needed for sustainable development in India?
  • Briefly explain the common strategies India and its neighbours followed for their respective development paths.
  • What are the main impacts on India’s agriculture and industrial sector during the colonial period?
  • Why and how the private sector regulated under IPR 1956?
  • Why were economic reforms introduced in 1991?
  • Define poverty and explain the different causes of poverty.
  • Define human capital and how it is different from human capital and human development.
  • How can we increase the effectiveness of health care programmes in India?
  • Define Organic farming and its advantages.
  • Rate of economic growth and consumption of Energy are direct related”. Comment.
  • What was the impact of the Zamindari system on peasant’s welfare?
  • Do you think outsourcing is good for India and why developing countries are opposing it?
  • Explain three-dimensional attacks on poverty adopted by India.
  • What are the major factors responsible for the growth of the service sector in India?
  • What will be the impact of GST and demonetization on the Indian economy?
  • Explain growth and Equity as a planning objective.
  • Suggest some measures to remove poverty in Rural India.

FAQ's

What are the important topics that need to be prepared under CBSE Class 12 Economics Syllabus?

National income and related aggregates, money and banking, government budget and the economy, current challenges facing Indian economy are some of the important topics that need to be prepared under CBSE Class 12 Economics Syllabus.

How can I better prepare for Class 12 Economics Exam?

Begin your preparation by studying from the right class 12 Economics books which covers all the concepts and topics according to the latest exam pattern and syllabus 2020. One of the best methods to score more marks in the exam is to practice as many previous year question papers as possible and taking up mock tests.

Can I prepare for Class 12 Economics in one month?

Yes. With proper preparation strategy and hard work, candidates can easily prepare for the Class 12 economics in one month.

Do really solving previous year question papers will help score good marks in class 12 economics exam?

Yes. solving previous year question papers will help candidates to improve their time management skills, speed, and accuracy. This would help them score good marks in the class 12 economics exam.