Class 12 Economics MCQs with Answers

Question

Economics MCQ's Class 12

Economics is the subject of concepts and its applications in Questions. To become an expert in the concepts of Economics, MCQ questions can help you a lot. This page is developed by the academic team of Sarthaks and team uploaded chapter-wise Economics questions with the answer keys.

We have covered all chapters of class12 mentioned in the NCERT textbook. These MCQ-based Economics questions are helpful for board as well as entrance exam like CA and CUET. To solve questions from NCERT text with the help of NCERT Solutions for Class 12 Economics prepared by Sarthaks.

Class 12 Economics MCQs are now available online for quick and convenient access. These objective questions are designed to cover the key concepts from each chapter, enabling students to assess their preparation levels for exams. Links to all ten chapters of Physics are provided below for easy navigation. To get the best results, practice these MCQs with a time-based approach. After attempting the questions, cross-check your responses with the provided answers to enhance accuracy and understanding.

Answer 1

Economics MCQs for CBSE Class 12 Economics delves into optimizing resource utilization and enhancing their value within specific constraints. It encompasses a thorough examination of producing, distributing, and consuming goods and services.

Beyond mere financial transactions, economics is about making informed decisions, harmonizing them with monetary considerations, and enhancing an individual’s overall well-being. Explore essential multiple-choice questions prepared for CBSE students for there upcoming exam, accompanied by effective strategies for effortless solving specifically designed for commerce students. Get access to Economics MCQs for Class 12th here below.

Refer to Our -

Class 12 MCQs for Business Studies
Class 12 MCQs for Accountancy
Class 12 MCQs for Mathematics

Class 12 Economics Introductory Macroeconomics MCQs with Answers:

Chapter No.	Class 12 Introductory Macroeconomics Chapter-wise MCQs
Chapter 1	Introduction MCQs
Chapter 2	National Income Accounting MCQs
Chapter 3	Money and Banking MCQs
Chapter 4	Determination of Income and Employment MCQs
Chapter 5	Government Budget and the Economy MCQs
Chapter 6	Open Economy Macroeconomics MCQs

Class 12 Economics Indian Economic Development MCQs with Answers:

Chapter No.	Class 12 Indian Economic Development Chapter-wise MCQs
Chapter 1	Indian Economy on the Eve of Independence MCQs
Chapter 2	Indian Economy 1950-1990 MCQs
Chapter 3	Liberalisation, Privatisation and Globalisation: An Appraisal MCQs
Chapter 4	Human Capital Formation In India MCQs
Chapter 5	Rural Development MCQs
Chapter 6	Employment: Growth, Informalisation and Other Issues MCQs
Chapter 7	Environment And Sustainable Development MCQs
Chapter 8	Comparative Development Experiences of India and its Neighbours MCQs

Strategic Preparation Tips

1. Know the Syllabus: Familiarize yourself with the syllabus and focus on key chapters like Indian Economic Development, National Income Accounting, and Market Structures​

2. Reference Reliable Resources: Utilize NCERT textbooks and supplementary materials. Websites like Edufever and Commerce School provide free resources and curated MCQs for targeted practice​

3. Make Comprehensive Notes:

   • Summarize complex definitions and terms.
   • Highlight key formulas, graphs, and economic theories.

4. Practice Previous Years' Papers: Solving past question papers improves familiarity with question trends and boosts confidence​

5. Mock Tests and Quizzes: Use online platforms, including Sarthaks, for mock MCQ tests to improve speed and accuracy. Analyze results to identify weak areas.

6. Conceptual Understanding:

   • Focus on fundamental principles like elasticity of demand, fiscal policies, and the multiplier effect.
   • Learn graphical representations and data interpretation skills for topics like Foreign Exchange and Government Budgeting.

Why Choose Sarthaks for Economics MCQs?

• Chapter-wise Categorization: Easy navigation through topics ensures focused preparation.
• Detailed Solutions: Each MCQ comes with an explanation to clarify doubts.
• Updated Resources: Content aligns with the latest CBSE syllabus.
• Doubt-Solving Forums: Engage with experts and peers for real-time problem-solving.