CBSE Class 12th Economics Previous Year Question Papers Last Updated : 23 Jul, 2025 Comments Improve Suggest changes Like Article Like Report Economics is one of the important subjects of Commerce and involves a proper understanding of all things happening around in the market and the macroeconomy, interpreting the statistics of the state of the country's economy, explaining its significance, understanding available options of different policies, and evaluating their possible outcomes. Thus, this subject requires theoretical knowledge as well as a practical understanding of applying that knowledge to get the result. For which the students need to prepare well for the Board exams and have a strong understanding of the concepts. The current (2023) paper pattern of the CBSE Class 12th Economics paper is as follows: Sections Question Types No. of Questions Section - AMacroeconomics(40 Marks)Multiple Choice Questions20 Questions (1 Mark) Short Answer-type Questions I (60-80 words)4 Questions (3 Marks) Section - BIndian Economic Development(40 Marks)Short Answer-type Questions II (One word/line)6 Questions (4 Marks) Long Answer-type Questions4 Questions (6 Marks) Following are the Solved Question Papers of CBSE Class 12th Economics for the year 2019-2020. The solved papers will help the students practice the practical part of the questions and understand what kind of theoretical questions are asked in the exam. CBSE Class 12 Economics Solved Question Paper 2020 – Set 1CBSE Class 12 Economics Solved Question Paper 2020 (Set 58/1/2)Class 12 Economics Solved Question Paper 2020 (Set 58/1/3)CBSE Class 12 Economics Solved Question Paper 2020 – Set 2CBSE Class 12 Economics Solved Question Paper 2020 – Set 2 (58/2/2)CBSE Class 12 Economics Solved Question Paper 2020 – Set 2 (58/2/3)CBSE Class 12 Economics Solved Question Paper 2020 – Set 3CBSE Class 12 Economics Solved Question Paper 2020 – Set 3 (58/3/2)CBSE Class 12 Economics Solved Question Paper 2020 – Set 3 (58/3/3)CBSE Class 12 Economics Solved Question Paper 2020 – Set 4 (Code No. 58/4/1)CBSE Class 12 Economics Solved Question Paper 2020 – Set 4 (58/4/2)CBSE Class 12 Economics Solved Question Paper 2020 – Set 4 (58/4/3)CBSE Class 12 Economics Solved Question Paper 2020 – Set 5 (58/5/1)CBSE Class 12 Economics Solved Question Paper 2020 – Set 5 (58/5/2)CBSE Class 12 Economics Solved Question Paper 2020 – Set 5 (58/5/3)To further understand the concept of Economics you can refer to CBSE Class 12th Economics Notes. Create Quiz Comment N nupurjain3 Follow 0 Improve N nupurjain3 Follow 0 Improve Article Tags : Macroeconomics Commerce - 12th Explore Chapter 1: IntroductionIntroduction to Macroeconomics 7 min read Basic Concepts of Macroeconomics 14 min read What is Factor Income and Transfer Income? 3 min read Consumption Goods and Capital Goods 4 min read Final Goods and Intermediate Goods 9 min read What is Net Indirect Tax (NIT)? 3 min read What is Net Factor Income from Abroad (NFIA)? 4 min read Circular Flow of Income: Meaning, Phases, Types and Significance 6 min read Difference between Real Flow and Money Flow 2 min read Circular Flow of Income 6 min read Leakages and Injections in Circular flow of Income 3 min read Chapter 2: National Income AccountingNational Income and Related Aggregates 10 min read Domestic Income and Personal Income 3 min read Private Income: Meaning, Types and Steps 4 min read Personal, National, and Gross National Disposable Income 4 min read Difference between Stock and Flow 3 min read Circular Flow of Income and Methods of Calculating National Income 7 min read Product or Value Added Method of calculating National Income 12 min read Expenditure Method of calculating National Income 8 min read Three Methods of calculating National Income: Value added Method, Expenditure Method and Income Method 6 min read Treatment of Different Items in National Income 8 min read Treatment of Different Items in Domestic Income 5 min read National Income at Current Price and Constant Price 3 min read GDP and Welfare 4 min read GDP Deflator | Meaning and Formula 2 min read Chapter 3: Money and BankingWhat is barter system and double coincidence of wants? 5 min read Evolution and Definitions of Money 7 min read Significance of Money 6 min read Functions of Money 6 min read Contingent, Static and Dynamic Functions of Money 3 min read Classification of Money 4 min read Monetary System in India 2 min read Money Supply - Features and Measures 7 min read Functions of Commercial Bank : Primary and Secondary Functions 8 min read Commercial Banks : Features, Advantages & Disadvantages 6 min read Credit Creation 7 min read Money Multiplier 3 min read Functions of Central Bank 12 min read Difference between Commercial Bank and Central Bank 3 min read Chapter 4: Determination of Income and EmploymentComponents of Aggregate Demand 5 min read Explain the Components of Aggregate Supply or National Income. 2 min read What is Consumption Function (Propensity to Consume)? 5 min read Types of Propensities to Consume 6 min read Difference between APC and MPC 3 min read What is Saving Function (Propensity to Save)? 4 min read Types of Propensities to Save 4 min read Difference between APS and MPS 2 min read Relationship between different propensities (APC, MPC, APS and MPS) 4 min read Explain the Derivation of Saving Curve from Consumption Curve. 2 min read Investment Function: Induced Investment, Autonomous Investment and Determinants of Investment 4 min read Full Employment and Involuntary Unemployment 3 min read Determination of Equilibrium Level of Income: AD-AS Approach and S-I Approach 3 min read Aggregate Demand-Aggregate Supply (AD-AS) Approach 4 min read Saving-Investment (S-I) Approach 3 min read What is Investment Multiplier? 6 min read Explain the working of Investment Multiplier. 3 min read Short-run Fixed Price Analysis of Product Market 3 min read What is Excess Demand? 4 min read What is Deficient Demand? 4 min read Difference between Excess Demand and Deficient Demand 3 min read What are the different measures to control Excess Demand and Deficient Demand? 11 min read Excess and Deficient Demand in Three-Sector Economy 3 min read What is Fiscal Policy and how it used to correct Excess Demand and Deficient Demand? 4 min read Chapter 5: Government Budget and the EconomyRevenue Receipt and Revenue Expenditure: Meaning and Classification 9 min read Difference between Direct and Indirect Tax 4 min read Capital Receipt and Capital Expenditure: Meaning and Sources of Capital Receipts 5 min read Difference between Revenue Receipt and Capital Receipt 4 min read Difference between Revenue Expenditure and Capital Expenditure 5 min read Measures of Government Deficit: Revenue Deficit, Fiscal Deficit and Primary Deficit 5 min read Difference between Fiscal Deficit and Revenue Deficit 2 min read Difference between Primary Deficit and Fiscal Deficit 2 min read Difference between Plan & Non-plan Expenditure 2 min read Developmental and Non-Developmental Expenditure 3 min read Chapter 6: Open Economy MacroeconomicsForeign Exchange Rate : Meaning and Types 10 min read Currency Depreciation and Currency Appreciation 4 min read Demand and Supply for Foreign Exchange 9 min read Determination of Exchange Rate 7 min read Foreign Exchange Market : Meaning, Functions and Types 9 min read Fixed Exchange Rate System | Meaning, Methods, Merits and Demerits 7 min read Flexible Exchange Rate System | Meaning, Merits and Demerits 5 min read Managed Floating Exchange Rate System : Meaning, Objectives, Merits and Demerits 5 min read Devaluation of Currency| Meaning, Reasons, Effects, Example and Critical Evaluation 5 min read Depreciation of Currency : Effects, Examples and Critical Evaluation 5 min read Difference between Devaluation and Depreciation 2 min read Balance of Payment and its Components: Capital and Current Account 9 min read Difference between Current Account and Capital Account of BoP 3 min read Difference between Balance of Payment and Balance of Trade 3 min read Balance of Payments: Surplus and Deficit, Autonomous and Accommodating Transactions, Errors and Omissions 14 min read Important FormulasImportant Formulas in Macroeconomics | Class 12 7 min read CBSE Previous Year Papers (2020)CBSE Class 12 Economics Solved Question Paper 2020 - Set 1 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 (Set 58/1/2) 15+ min read Class 12 Economics Solved Question Paper 2020 (Set 58/1/3) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 2 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 2 (58/2/2) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 2 (58/2/3) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 3 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 3 (58/3/2) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 3 (58/3/3) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 4 (Code No. 58/4/1) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 4 (58/4/2) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 4 (58/4/3) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 5 (58/5/1) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 5 (58/5/2) 15+ min read CBSE Class 12 Economics Solved Question Paper 2020 - Set 5 (58/5/3) 15+ min read Like