State whether the following statement is true or false :
"Expected obsolescence is included in depreciation."
Class 12 · Economics · CBSE Board · 2020
Class 12 Economics 2020 Board Exam
128 questions from the 2020 Class 12 exam, combined from all 6 question paper sets (Set 1–6) with duplicates removed.
128questions
6exam sets
8chapters covered
1 / 2 / 3 / 4 / 6mark values
Note: The 2020 board exams were held in early 2020, just before the nationwide COVID-19 lockdown.
Questions from the 2020 exam first 10 of 128 — free
"Final goods include only those goods which are consumed by the households." Defend or refute the given statement with valid reason.
"Circular flow principle is based on the assumption that one's expenditure will become other's income." Explain the given statement.
Calculate the value of 'Change in Stock' from the following data :
S. No. Items Amount
| S.No. | Particulars | Amount (in ₹ Crores) |
|---|---|---|
| (i) | Sales | 400 |
| (ii) | Net Value Added at Factor Cost (NVAFC) | 200 |
| (iii) | Subsidies | 10 |
| (iv) | Change in Stock | ? |
| (v) | Depreciation | 40 |
| (vi) | Intermediate Consumption | 100 |
Define Real Gross Domestic Product.
Discuss briefly the three components of 'Income from Property and Entrepreneurship'.
What are 'externalities' ? State its types with suitable examples.
A car purchased by a household is a _________ .
(Choose the correct alternative)
(A) single use capital good
(B) single use consumer good
(C) durable consumer good
(D) semi-durable consumer good
GNP deflator is represented by which of the following formulae ?
(Choose the correct alternative)
(A) (Nominal GNP / Real GNP) x 100
(B) (Real GNP / Nominal GNP) x 100
(C) (Real GNP / Change in Rate of Inflation) x 100
(D) (Change in Rate of Inflation / Real GNP) x 100
"Gross Domestic Product (GDP) is not the best indicator of the economic welfare of a country." Defend or refute the given statement with valid reasons.
Chapters covered in the 2020 exam
National Income and Related Aggregates
15 questions in 2020
Money and Banking
10 questions in 2020
Determination of Income and Employment
21 questions in 2020
Government Budget and the Economy
16 questions in 2020
Balance of Payments
8 questions in 2020
Development Experience (1947–90) & Economic Reforms since 1991
22 questions in 2020
Current Challenges Facing the Indian Economy
28 questions in 2020
Development Experience of India – A Comparison with Neighbours
8 questions in 2020
About the 2020 Class 12 Economics paper
CBSE conducted the 2020 Class 12 Economics board exam in 6 question paper sets — students in different regions received different sets of the same exam. This page combines every set and removes repeated questions, giving you all 128 unique questions actually asked that year. The 2020 questions drew from 8 chapters of the syllabus.