CBSE Class 12th Economics 2024 Answer Key, Question Paper and Exam Analysis

CBSE Class 12th Economics 2024 Answer Key: The conducting authorities held the economics exam today, for which the CBSE Class 12th Economics 2024 question paper and CBSE Class 12th Economics 2024 exam analysis are available here. Students can also refer to the unofficial CBSE Class 12th Economics 2024 answer key to get an idea of their CBSE Class 12th Economics 2024 result.

CBSE Class 12th Economics 2024 Question Paper

Candidates can find the CBSE Class 12th Economics 2024 question paper link given below.

CBSE Class 12th Economics 2024 Answer Key

Candidate's can refer few of the responses from the 

Q1. Read the following statements carefully:
Statement 1: A consumption function describes the relationship between consumption and
savings.
Statement 2: Consumption functions consist of two components – autonomous consumption
and induced consumption.
In light of the given statements, choose the correct alternative from the following:

1. Statement 1 is true and Statement 2 is false.
2. statement 1 is false and Statement 2 is true.
3. Both Statements 1 and 2 are true.
4. Both Statements 1 and 2 are false.

Ans. b) Statement 1 is false and Statement 2 is true.

Q2. Identify which of the following is not one of the merits of fixed exchange rate system.

1. Ensures stability in exchange rate
2. Possibility of under or over valuation of foreign currency
3. Prevents speculations in foreign exchange market
4. Coordination of macroeconomic policies becomes convenient

Ans. (D) Coordination of macroeconomic policies becomes convenient.

Q3. Study the following figure carefully and choose the correct alternative to fill in the blanks

1. Investments
2. Trade of Services
3. External Borrowings
4. External Assistance

Ans. (B) Trade of Services

Q4. Read the following Statements carefully:

Statement 1: Economics Territory and Political Frontier of a nation are one and the same thing.

Statement 2: American Embassy in India is a part of the economic territory of India.

1. Statement 1 is true and Statement 2 is false
2. Statement 1 is false and Statement 2 is true
3. Both Statements 1 and 2 are true
4. Both Statements 1 and 2 are false

Ans. (D) Both Statements 1 and 2 are false.

Q5. Read the following Statements carefully:

Statement 1: Money is a commodity that is generally accepted as a medium of exchange.

Statement 2: Money Solved the problem of double coincidence of wants.

1. Statement 1 is true and Statement 2 is false
2. Statement 1 is false and Statement 2 is true
3. Both Statements 1 and 2 are true.
4. Both Statements 1 and 2 are false.

Ans. (C) Both Statements 1 and 2 are true.

Q6. Suppose in an imaginary autonomous consumption = 500 crore and marginal prospensity to consume = 0.8. The saving function for the economy would be ____

1. 500+0.8Y
2. (-)500+0.8Y
3. 500+0.2Y
4. (-)500+0.2Y

Ans. (D)(-)500+0.2Y

Q7. Read the following Statements: two statements are given one labelled as Assertion (A) and the other labelled as Reason (R).

Assertion (A): The maximum value of marginal propensity to save MPS can be unity

Reason (R): At the break-even level of income, savings are zero.

Select the correct answer to these questions from the codes (A), (B), (C) and (D) as given below.

1. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of the Assertion (A).
2. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
3. Assertion (A) is true, but Reason (R) is false.
4. Assertion (A) is false, but Reason (R) is true.

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

Q8. Assertion (A): The equilibrium level of income is determined. when ex-ante spending and ex-ante output are equal.

Reason (R): The equilibrium level of income may or may not be the same as the full employment level of output.

Select the correct answer to these questions from the codes (A), (B), (C) and (D) as given below.

1. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of the Assertion (A).
2. Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
3. Assertion (A) is true, but Reason (R) is false.
4. Assertion (A) is false, but Reason (R) is true.

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

CBSE Class 12th Economics 2024 answer key PDF is provided here for the candidate's convenience.

CBSE Class 12th Economics 2024 Exam Analysis

The CBSE Class 12th Economics 2024 exam analysis is given here for candidates to analyze their performance.

Note that the students cannot raise any objections against the CBSE Class 12th Economics 2024 answer key, even in case of queries, since it is unofficial. However, the officials are likely to publish the official CBSE Class 12th Economics answer key 2024 soon on the official website. Moreover, the result will be completely based on the final answer key available online.