Class 12 Economics Important Question Answer solution with pdf. Here We Provides Class 1 to 12 all Subjects NCERT Solution with Notes, Question Answer, CBSE and HBSE Important Questions, MCQ and old Question Papers for Students.
- Also Read :- HBSE Class 12 Important Questions
HBSE ( Haryana Board ) Solution of Class 12 Economics important Question And Answer solution for 2025 exams.
HBSE Class 12 Economics Important Question 2025
Macro Economics
HBSE Class 12 Economics Chapter 1 – Introduction Important Questions 2025
Q1. Distinguish between internal and external economies.
HBSE Class 12 Economics Chapter 2 – National Income Accounting Important Questions 2025
Q1. What do you understand by Stock ?
Q2. Discuss briefly income method of measuring national income. Most Most Important
Q3. What is the difference between private income and personal income ?
Q4. Explain the Product Method’ of measuring National Income.
Q5. Explain the ‘expenditure method’ of measuring National Income. Most Most Important
Q6. Give the definition of Tax.
Q7. What is national income accounting ? Explain in brief, the concept of normal residents of a country.
Q8. What is Tax? Write three differences between Direct and Indirect Taxes.
Q9. What is Tax ? Explain main features of tax.
Q10. What is meant by the Error of Double Counting ? How can it be avoided ?
Q11. Differentiate between intermediate and final goods.
Q12. What are Substitutes Goods ? Give its example.
Q13. Calculate(A) Gross Domestic product at Market Price (B) Net National Product at factor cost from following:
(i) Net Indirect Tax
(ii) Depreciation (iii) Net factor Income from abroad (iv) Rent (v) Profit (vi) Interest (vii) Royalty (viii) Wages & salary (ix) Owner’s contribution to social security |
= 38 Crore
= 34 Crore = (-) 3 Crore = 10 Crore = 25 Crore = 20 Crore = 5 Crore = 170 Crore = 30 Crore |
HBSE Class 12 Economics Chapter 3 – Money and Banking Important Questions 2025
Q1. What are the main functions of Reserve Bank of India ?
Q2. Explain four functions of a Central Bank.
Q3. State two functions of Commercial Banks.
Q4. State any two primary functions of Banks.
Q5. What do you mean by Money? Write its main functions.
Q6. Explain any four differences between ‘Central Bank’ and ‘Commercial Banks’.
Q7. Explain the secondary functions of money.
Q8. What is Central Bank ? Explain its functions?
Q9. What are the difficulties of barter system ?
Q10. Explain Quantitative Methods for Controlling Credit.
HBSE Class 12 Economics Chapter 4 – Determination of Income and Employment Important Questions 2025
Q1. Define Investment.
Q2. Differentiate between autonomous investment and induced investment.
HBSE Class 12 Economics Chapter 5 – Government Budget and the Economy Important Questions 2025
Q1. What do you understand by deficit of budget ?
Q2. Differentiate between revenue expenditure and capital expenditure.
Q3. What is Government Budget ? Explain its objectives also.
Q4. Define ‘Budget Line’. Explain along with diagram.
HBSE Class 12 Economics Chapter 6 – Open Economy Macroeconomics Important Questions 2025
Q1. What is Balance of Payments ?
Q2. Explain the economic reasons for adverse balance of payments.
Q3. Distinguish between ‘balance of trade and ‘balance of payments’. Most Most Important
Q4. Write the measures to correct adverse balance of payments.
Q5. Give two examples of transfer payment.
Q6. Define flexible rate of exchange.
Q7. Define balance of trade.
Q8. What is fixed exchange rate ? Give two arguments in favour of fixed exchange rate.
Q9. Calculate (i) Domestic Income and (ii) National Income with the help of the following data:
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Micro Economics
HBSE Class 12 Economics Chapter 1 – Introduction Important Questions 2025
Q1. Give the material welfare definition of Economics.
Q2. What is the difference between ‘micro-economics’ and ‘macro-economics’ ?
Q3. What is macro-economics? What are its scope ?
OR
What do you mean by Macro Economics?
Q4. Give scarcity definition of economics.
Q5. What is Micro-Economics ?
Q6. What is Economic Problem? And also explain the causes of economic problem.
HBSE Class 12 Economics Chapter 2 – Theory of Consumer Behaviour Important Questions 2025
Q1. What is price elasticity of demand? Explain the total expenditure method to measure it. Most Most Important
Q2. Define price elasticity of demand. Explain the proportionate method to measure it. Most Most Important
Q3. What is law of demand? Why does this law operates ? Most Most Important
Q4. What is demand curve? Why does a demand curve slope downwards? Most Most Important
Q5. Distinguish between ‘Extension of ‘Supply’ and ‘Increase in Supply’ with the help of diagrams. Most Most Important
HBSE Class 12 Economics Chapter 3 – Production and Costs Important Questions 2025
Q1. Distinguish between returns to a factor and returns to a scale. Most Most Important
Q2. What are returns to scale ?
Q3. Explain the relation between total product and marginal product with the help of diagram.
Q4. Explain the law of diminishing returns to factor with the help of table and diagram.
Q5. Explain the concept of fixed cost with the help of a table and diagram.
Q6. Calculate (i) total fixed cost, (ii) total variable. cost, (iii) average fixed cost, and (iv) average variable cost with the help of the given data:
Production (Units) | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
Total Cost (रु) | 40 | 80 | 110 | 126 | 128 | 135 | 140 |
Q7. From the following data find out Average Cost (AC) and Marginal Cost (MC):
Production (Units) | Total Cost (Rs.) | Average Cost (Rs.) | Marginal Cost (Rs.) |
1 | 20 | ______ | ______ |
2 | 28 | ______ | ______ |
3 | 34 | ______ | ______ |
4 | 38 | ______ | ______ |
5 | 42 | ______ | ______ |
HBSE Class 12 Economics Chapter 4 – The Theory of the Firm Under Perfect Competition Important Questions 2025
Q1. State any four differences between ‘Monopoly’ and ‘Perfect Competition’. Most Most Important
Q2. What is perfect competition? Discuss the short-run equilibrium of the firm in perfect competition by way of marginal approach. Most Most Important
Q3. What are the shapes of marginal revenue curve and average revenue curve under perfect competition ?
Q4. What is Perfect Competition ? Also explain four features of perfect competition.
Q5. What is oligopoly ? Explain its characteristics.
Q6. Define Oligopoly.
Q7. What do you understand by monopolistic competition ? Explain its characteristics in brief.
Q8. Explain the characteristics of perfect competitive market.
Q9. Discuss important characteristics of monopolistic competition market.
Q10. Explain difference between Monopoly and Monopolistic Competition.
Q11. What is Monopolistic Competition ? Explain its features.
Q12. Define monopoly and state its main features.
Q13. Discuss important characteristics of monopoly market.
Q14. Explain the characteristics of perfectly competitive market.
Q15. What is meant by ‘opportunity cost’?
Q16. From the following data find out MR and TR:
Production (Units) | Average Price Income (Rs.) | Total Revenue (Rs.) | Marginal Revenue (Rs.) |
5 | 6 | ________ | ________ |
4 | 7 | ________ | ________ |
3 | 8 | ________ | ________ |
HBSE Class 12 Economics Chapter 5 – Market Equilibrium Important Questions 2025
Q1. Explain the difference between ‘full employment equilibrium’ and ‘underemployment equilibrium’.
Q2. Explain the full employment equilibrium with the help of diagram. Most Most Important
Q3. Explain with diagram the effect of increase or decrease in demand on equilibrium price when supply remain constant ?
Q4. Write down the conditions for equilibrium of the firm.
Q5. Explain diagrammatically, the under employment equilibrium.