CBSE Class 12 Economics Notes and MCQs

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The syllabus of Economics Class 12 comprises of the following chapters. We have prepared CBSE Class 12 Economics Chapter wise Notes and MCQs, relevant for the student of Economics Class 12, who may be studying in CBSE Board as per the NCERT syllabus. CBSE Class 12 Economics Chapter wise Notes and MCQ Questions have been given under the particular chapter, which you can click and read : –




CBSE Class 12 Economics Syllabus

CBSE Class 12 Economics Syllabus comprises of the following chapters. You can read CBSE Class 12 Economics Chapter wise Notes and MCQs by clicking the relevant part of the Syllabus.

Part A – CBSE Class 12 Macroeconomics chapter wise notes and MCQs

National Income and Related Aggregates

Money and Banking




Determination of Income and Employment

  • Aggregate Demand and Related Concepts
  • Income Determination and Multiplier
  • Excess Demand and Deficient Demand

Government Budget and The Economy

  • Government Budget and The Economy

Balance of Payment

Part B – Indian Economic Development – Class 12 Economics Notes Indian Economy

UNIT 1: Development Policies and Experience (1947-1990)




UNIT II: Economic Reforms since 1991

UNIT III: Current Challenges Facing the Indian Economy

  • Poverty- Definition, Causes and the Policies for Poverty Alleviation
  • Human Capital Formation in India- Definition, Sources, Condition of human capital in India, Role of Education sector in human capital development and the Future Prospects
  • Rural Development, focusing on Condition of Agricultural Trade, Present Status of Organic Farming and Sustainable Development
  • Employment- explaining the concept of Labour Force, Informal and Formal sector and the Government policies for eradicating the problem of unemployment
  • Infrastructure, with the main focus on State of Infrastructure in Energy and Health in India
  • Explaining the concept of Environment and Sustainable Development, focusing on India

UNIT IV: Development Experience of India: A Comparison with Neighbors

  • Position of India and its Neighbors with respect to the demographic indicators and the indicators of human development
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