CBSE 12 Economics Answer Key 2026: The Central Board of Secondary Education (CBSE) conducted the Class 12th Economics Examination today, March 18, 2026. As scheduled, the exam took place for 3 hours from 10:30 AM to 1:30 PM. Students were allotted 15 minutes extra from 10:15 AM to 10:30 AM for reading the question paper and planning their answers. According to students initial reactions, the paper was very moderate. The MCQs were very easy and direct in both Macroeconomicsa and Indian Economic Dvelopment section. Students can easily score 70+ in the paper.
The subject experts will update the CBSE 12 Economics Answer Key 2026 along with detailed exam analysis for students to evaluate their overall performance. The unofficial answer key will include the correct response to the object-type and short-answer type questions asked in the economics exam.
The CBSE Class 12 Economics Question Paper 2026 will carry 80 marks. It is divided into two parts: Part A: Introductory Macroeconomics and Part B: Indian Economic Development, each carrying 40 marks. The major highlight of the 2026 pattern is the competency-based questions, which now make up to 50% of the paper in the form of multiple-choice questions (MCQs), case studies, and source-based integrated questions.
CBSE 12 Economics Answer Key 2026 Unofficial (Available)
The economics question paper consists of 34 questions in total, ranging from objective to long-answer formats. The CBSE 12 Economics Unofficial Answer Key 2026 will be updated here:
SET - 58/1/3
| Questions | Answers |
|
SECTION - A (MACROECONOMICS) 1. Identify which of the following is true at the break even level of income: |
(C) Average propensity to consume = Unit 1 |
| 2. Read the statement carefully:
Statement 1: Final goods are those goods which normally lose their identity in the production process. |
(D) both statements 1 and 2 are false |
| 3. Assertion (A) : Unilateral Transfers are recorded in the Current Account of the Balance of Payments (BoP) of a nation.
Reason (R) : Capital account records transactions which cause a change in the assets or liabilities of the country. |
(B) Both assertion and reason are true but reason is not the correct explanation. |
| 4. "In the Indian Banking System, the Statutory Liquidity Ratio (SLR) plays a vital role in controlling the credit creation capacity of the Commercial Banks, as it _" (Choose the correct option to fill in the blank) | (B) requires banks to main a percentage of deposits in the form of liquid assets. |
| 5. In an economy, the currency held by the public, Net Demand Deposits with Commercial Banks and Net Time Deposits with Commercial Banks stand at Rs1,42,000 crore, Rs 22,000 crore and Rs 86,000 crore respectively. The value of Money Supply (M1 ) would be —crore. |
(C) Rs 1,64,000 |
| 6. In a two sector economy, the flow of factor payments moves from —---- to —--- | (A) Firms, Households |
| 7. Assertion (A) : Money is of perishable nature and is generally accepted by all at any point of time.
Reason (R) : Money serves as a store of value, facilitating individuals to transfer purchasing power from the present to the future. |
(D) Assertion is False, Reason is True |
| 8. Statement 1: Depreciation of currency is an economic action undertaken by the government of a nation under the fixed exchange rate system.
Statement 2: Under the floating exchange Rate system, authorities actively intervene in the foreign exchange market by way of maintaining foreign exchange reserves. In the light of the given statements, choose the correct option from the following : |
(D) Both statements 1 and 2 are false |
| 8. In an economy, when—--is insufficient to achieve the level of output corresponding to full employment, the difference is termed a deflationary gap. (Choose the correct option to fill in the blank) | (B) ex-post aggregate demand |
| 9. In an economy, exclusion of —--- may lead to underestimation of the value of Gross Domestic Product (GDP). may lend to under estimation | (A) i and ii |
|
SECTION - B Indian Economic Development 18. Assertion (A) : Education facilitates the assimilation of knowledge and competencies. It also fosters inventive capacities and enhances the aptitude to integrate advanced technology. Reason (R) : Education plays a pivotal role in transforming cognitive perspectives and serves as a catalyst for the economic advancement of a nation. |
(B) Both assertion and reason are true but reason is not the correct explanation for assertion |
|
19. "In the recent times, the Government of India, has introduced several measures to encourage greater public participation in the capital market, including both primary and secondary stock markets." Under which sector have the above mentioned reforms been introduced ? (Choose the correct option) |
(B) Financial |
|
20. The Montreal Protocol was signed in the year 1987 committing nations to—-- |
(C) protect ozone layer from depletion incurred due to clorofluro carbons |
|
21. Assertion (A) : The notion of rural development encompasses a far wider spectrum than agricultural advancement. |
(B) Both assertion and reason are true but reason is not the correct explanation for assertion |
|
22. Identify, which of the following, highlights a highly relevant issue associated with evolving employment trends in India's labour. |
(B) Increase in proportions of casually employed individuals. |
|
23. Match the terms given in column i with their meaning in column 2. |
(C) |
|
24. Sustainable development refers to the development that meets the needs of the present generation without compromising the ability of the future generations to meet their own needs." The above mentioned definition has been given by . |
(A) United Nations Conference on Enviroment and Development |
|
25. Assertion: The Government of India adopted the measure of regulation of markets to improve marketing conditions for agricultural products Reason: Regulation of market ensured transparent pricing, fair trade practices, and protection for farmers against exploitation in agricultural marketing |
(A) Both assertion and reason are true and reason is the correct explanation |
|
26. Arrange the following events in China's economic development history in correct chronological sequence and select the correct option : |
(D) |
|
27. Read the following statements carefully : Statement 1 : During the British rule in India, the export surplus was utilised to import invisible items from Britain. Statement 2 : Indians paid for the expenses incurred by an office set up by the colonial government in Britain. |
(C) Both statements 1 and 2 are true |
CBSE Class 12 Economics Exam Analysis 2026
The Economics question paper 2026 included objective, very short, short, and long answer-type questions. Students encountered 20 MCQs worth 1 mark each, followed by 4 very short-answer questions of 3 marks, 6 short-answer questions of 4 marks, and 4 long-answer questions of 6 marks each. Here’s the difficulty of the overall paper and every section, based on the students’ reviews and subject experts.
| Particulars | Details |
| Overall difficulty level | Moderate |
| Section- A difficulty level | Easy |
| Section - B diffiulty level | Easy to moderate |
| Was the paper lengthy? | No |
Economics is a crucial subject for students in the commerce stream. To pass the subject students must score 27 marks in theory, 7 marks in project and at least 33 marks overall out of 100. While the Class 12 CBSE Board Economics Answer Key 2026 can be used for performance evaluation, students must note that it is strictly for reference purposes only. For actual scores, students are advised to wait for the final result to be declared.
Students can cross-check their English exam performance through CBSE 12th 2026 English Answer Key 2026 (OUT) and Detailed Exam Analysis
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- Paper was moderate
- Competency-based questions made the paper lengthy
- As expected Numerical from the National Income unit were asked.
- Section D was particularly lengthy.
Anjani from Delhi says,”The economics paper as expected. It wasn’t tough for me. Only the competency-based questions tricked me a little. However, the overall paper was doable and scoring”.
Shifali from Kolkata says.” Competency-based questions and National Income numericals took a lot of time. I was left with only 10 minutes to revise the paper. The MCQs were easy and direct. Overall the paper was moderate”
According to students' initial reactions, the paper was moderate, the change in pattern with more competency-based questions required more time to complete the answers as expected. As a result the paper felt a bit lengthy. Objective and short answer type questions were easy and direct.
The first group of students are coming out of the examination centre. From the initial reactions, students appear relaxed. The paper is expected to be of moderate level. Students' reviews and feedback will be updated here soon.
The CBSE 12 Economics 2026 Board examination concluded at 10:30 after the final bell rang. Invigilators are collecting the answer booklet. After submitting their answer sheets, students will exit the examination hall. Stay tuned for student feedback.
The CBSE Class 12th Economics examination 2026 will be over in 15 minutes. The warning bell rang, signalling students to cross-check the details mentioned on the answer sheet before proceeding to write further.
The internal assessment includes marks based on Relevance of the topic (3 marks), Knowledge content/Research (6 marks), Presentation (3 marks), and the Viva-voce (8 marks). The Viva is conducted by an external examiner and is the most significant part of this score.
- Theory Paper (80 Marks): Score a minimum of 27 marks.
- Project Work (20 Marks): Score a minimum of 7 marks.
- Total: Overall score must be at least 33 out of 100 to be declared "Pass" in the subject.
Students achieved perfect scores in Economics the previous year. In the 2025 boards, 1,244 students achieved a perfect 100/100 in Economics.
Considering the past trends, the difficulty is expected to be Moderate. However, the paper might be lengthy due to the increased focus on analytical and competency-based questions.
While there is no overall choice for the paper, CBSE provides internal choices within specific questions of 3, 4, and 6 marks. Students are advised to make use of the 15 minutes of reading time to read both options before deciding which one they can explain more clearly with diagrams or data.
According to the pattern change, the CBSE Class 12 Economics paper follows a "50-20-30" rule:
- 50% are competency-based questions (case studies, source-based)
- 20% are MCQs or objective types
- 30% are traditional descriptive questions.
The examination consists of 100 total marks, divided into an 80-mark written theory paper and 20 marks for internal project work. Students must pass both components separately with a minimum of 33% to qualify for the subject.
To successfully handle the case-based questions, students must read the questions before reading the passage to know what information to look for. These questions often require students to link the provided text to a specific economic concept from the syllabus.
The Class 12th Economics exam started as per the time. Students have received the questions paper. As per the schedule, students will utilise the first 15 minutes, i.e., from 10:15 AM to 10:30 AM to read the question paper and strategize their answers.
Students have entered the examination hall after completing the document verification. The CBSE 12 Economics Examination will commence at 10:30 AM. However, students will receive their question papers at 10:15 AM. Only after reading time concludes at 10:30 AM, students will commence writing answers in the main sheet.
This unit carries 6 marks and often features 1-mark MCQs on the M1 money supply formula. Other than this, here are the crucial topics to revise from this unit:
- Functions of the Central Bank (RBI)
- The quantitative tools for credit control include Repo Rate, CRR, and SLR.
Students should note that this unit carries 10 marks and mostly features a 6-mark numerical question. Here are the two most important topics from this unit:
- Three methods of calculating National Income (Value-Added, Income, and Expenditure)
- Difference between Real vs. Nominal GDP.
As per the schedule, the CBSE 12 Economics Board Exam 2026 will be conducted today, March 18, 2026, from 10:30 AM to 1:30 PM. Students will be allotted 15 minutes extra as per the rules to read the question paper. The official answer writing session will commence at 10:30 AM. Students are advised to reach the examination centre by 9:30 AM.