MCQ on Economics for Class 12 with Answers

MCQ on Economics for Class 12 with Answers – Macroeconomics and Indian Economic Development comprises of the following chapters. You can practice CBSE Class 12 Economics Chapter wise MCQs by clicking the relevant part of the Syllabus.

Part A – Class 12 Macroeconomics

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 – MCQ on Economics for Class 12 with Answers

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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