CBSE Class 12 Economics Important MCQs 2026 with Chapter Wise Weightage PDF

Solving CBSE Class 12 Economics Important MCQs 2026 can help you understand the paper’s difficulty level and the types of problems on the exam. If you want to do well in Economics, you must focus on your revision in the last few days. That is where Important MCQ sets from the Class 12 Economics Previous Year Papers may help.

These questions were chosen after reviewing the most recent CBSE syllabus, prior year question papers, high-weightage topics, and current board exam patterns for 2026, so you may practice what is really important for the exam. Let’s have a look at the chapter-specific crucial questions for class 12 economics to assist you in enhancing your speed and accuracy in the exam.

CBSE Class 12 Economics Important MCQs 2026

Understanding the CBSE Class 12 Economics Syllabus and practicing exam-level CBSE Class 12 Economics Important MCQs 2026 with answers is critical for successful exam preparation. The syllabus is broken into two sections: Part A (Statistics for Economics) and Part B (Introductory Microeconomics). The theoretical portion of the exam is for 80 marks, while the project work is worth 20. You can also receive free Economics study notes and Class 11 Economics Important Questions from the link provided below.

Use the Code “PRO99” to get the study material at only 99 Rupess.

CBSE Class 12 Economics Important MCQs 2026 Chapter Wise Weightage

CBSE Class 12 Important MCQs for Economics Chapter Wise was created by qualified teachers analyzing the high-weightage chapters to help students achieve high marks in board exams. Check the important topics below:

Chapter Name	Average Weightage	Primary Focus of Questions / Most Asked Topics
National Income Accounting	10 – 12 Marks	Estimation of National Income using Expenditure and Income methods, components of ‘Profit’, and the distinction between Real and Nominal GDP.
Money and Banking	6 – 8 Marks	Credit creation by commercial banks, the Money Multiplier formula, and RBI’s quantitative tools like Repo Rate and CRR.
Determination of Income and Employment	10 – 12 Marks	Numerical problems on Investment Multiplier (K), the relationship between MPC and MPS, and the determination of equilibrium income.
Government Budget and the Economy	6 – 8 Marks	Calculation of Fiscal and Revenue Deficits, classification of receipts, and the nature of public versus private goods.
Open Economy Macroeconomics	6 – 8 Marks	Components of the Current and Capital Accounts of the Balance of Payments, and the impact of devaluation or depreciation on exports.
Indian Economy (1947–1990)	10 – 12 Marks	Land reforms (ceiling and intermediaries), the Green Revolution, and the Industrial Policy Resolution (IPR) 1956.
Economic Reforms Since 1991	6 – 8 Marks	Liberalisation, Privatisation, and Globalisation (LPG) policies, the role of the WTO, and the concept of outsourcing.
Current Challenges (HCF, Rural, Employment, Environment)	12 – 15 Marks	Sources of Human Capital Formation, importance of Self-Help Groups (SHGs), informalisation of the workforce, and strategies for sustainable development.
Comparative Development Experiences	6 – 8 Marks	Comparative analysis of demographic indicators and sectoral growth between India, China, and Pakistan.

Download Class 12 Economics MCQ Questions with Solutions

Class 12 Economics MCQ Questions for CBSE Board Exams in 2025-26 have been added in a PDF format. Here we have provided the link to download the Important MCQs for Class 12 Economics Chapter-wise.

Subject	Download PDF
Business Studies (BST)	CBSE Class 12 Economics Important MCQs with Answers PDF

CBSE Class 12 Economics Important MCQs with Solutions 2026

The Top 15 Most Asked Multiple-Choice Questions from Previous Year Papers are discussed below:

1. To arrive at the value of Net Value Added at Market Price (NVAMP), ____________ must be ___________ to/from Gross Value Added at Market Price (GVAMP).

(A) depreciation, added

(B) depreciation, subtracted

(C) net indirect taxes, subtracted

(D) net indirect taxes, added

2. Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from the options given below:

Assertion (A): Public goods are those goods that are collectively consumed by the public.

Reason (R): Public goods are excludable and rivalrous in nature.

(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

(C) Assertion (A) is true, but Reason (R) is false.

(D) Assertion (A) is false, but Reason (R) is true.

3. From the following terms given in Column-I, match the correct pair of meanings given in Column-II:

Column-I	Column-II
(a) Human Development Indicator	(i) Rule of Law
(b) Demographic Indicator	(ii) Constitutional Protection
(c) Special Economic Zone	(iii) Generation of additional economic activities
(d) Commune System	(iv) Collective industrialisation

(A) (a) – (i)

(B) (b) – (ii)

(C) (c) – (iii)

(D) (d) – (iv)

4. Identify, which of the following is NOT a source of demand for foreign exchange for Indian economy?

(A) Import of goods and services

(B) Remittances by foreigners living in India to their families abroad

(C) Indian tourists visiting foreign countries

(D) Loans from Rest of the World (ROW)

5. If the value of Investment Multiplier (K) is 5, the relevant saving function would be:

(A) S = – 60 + 0.25 Y

(B) S = – 60 + 0.75 Y

(C) S = – 60 + 0.20 Y

(D) S = – 60 + 0.60 Y

6. Identify, which of the following refers to a trade policy aimed at reducing reliance on imported goods by encouraging domestic production.

(A) Export Promotion

(B) Export Substitution

(C) Import Proliferation

(D) Import Substitution

7. Read the following statements carefully: Assertion (A) and Reason (R). Choose the correct option from those given below:

Assertion (A): The year 1921 is called as the Year of Great Divide.

Reason (R): After the year 1921, India experienced a sharp rise in its population growth rate.

(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

(C) Assertion (A) is true, but Reason (R) is false.

(D) Assertion (A) is false, but Reason (R) is true.

8. If a straight line consumption function makes a positive intercept at the Y-axis, it implies that Marginal Propensity to Consume (MPC) ___________ and Average Propensity to Consume (APC) ___________ as the level of income rises.

(A) remains constant, rises

(B) falls, falls

(C) rises, rises

(D) remains constant, falls

9. Read the following statements carefully: Assertion (A) and Reason (R). Choose the correct alternative from those given below:

Assertion (A): Ceteris Paribus, Devaluation of domestic currency leads to an increase in National Income of a nation.

Reason (R): Devaluation of domestic currency refers to reduction in the value of domestic currency with respect to foreign currency, under the fixed exchange rate system.

(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

(C) Assertion (A) is true, but Reason (R) is false.

(D) Assertion (A) is false, but Reason (R) is true.

10. The Central Bank can reduce the Money Supply in the economy by ___________ the ___________.

(A) increasing, bank rate

(B) decreasing, cash reserve ratio

(C) decreasing, bank rate

(D) buying, government securities

 

11. Identify which of the following correctly defines liberalization:

(A) Outright sale of part of shares of Public Sector Undertakings (PSUs).

(B) Increased integration with the rest of the world.

(C) Removal of restrictions imposed by government on different sectors of the economy.

(D) Focus on import substitution.

12. From the set of terms given in Column-I and Column-II, choose the correct pair:

Column-I	Column-II
(a) Non-tax Revenue	(iii) Borrowings
(b) Indirect Tax	(i) Goods and Services Tax
(c) Capital expenditure	(iii) Borrowings
(d) Private goods	(iv) Rivalrous in nature

(A) (a) – (i)

(B) (b) – (ii)

(C) (c) – (iii)

(D) (d) – (iv)

13. In China, under ___________, peasants were provided with pooled land to create larger fields that could yield greater output and they shared farm implements.

(A) Joint Farming System

(B) Commune System

(C) Great Proletarian Cultural Revolution

(D) Green Revolution

14. If the total credit created by the banks is 500 and the Reserve Ratio is 20%, the value of primary deposits would be:

(A) 200

(B) 300

(C) 100

(D) 500

15. Under ___________ unemployment, the marginal productivity of a worker is equal to zero.

(A) Seasonal

(B) Structural

(C) Involuntary

(D) Disguised

Why Should I Practice Class 12 Economics MCQs?

Our Economics Class 12 Important Questions with Answers are provided in a structured way for effective revision. Whether you are strengthening weak areas or preparing for the CBSE board exam 2026 at the last minute, these questions will help you revise faster, avoid common mistakes, and confidently increase your overall score.