ASSEB Class 12 Economics Question Paper 2026

ASSEB Class 12 Economics Question Paper 2026

Full Marks: 80

Pass Marks: 24

Time: 3 hours

Subject Code: 36T ECON (EN/AS/BN/BD)

The figures in the margin indicate full marks for the questions.

PART-A: Introductory Macroeconomics (Marks: 40)

Q. No. 1 carries 1 mark each (any four): 1*4 = 4

Q. No. 2 carries 2 marks each (any five): 2*5 = 10

Q. No. 3 carries 3 marks each (any two): 3*2 = 6

Q. No. 4 carries 6 marks each (any two): 6*2 = 12

Q. No. 5 carries 8 marks (any one): 8*1 = 8

Total = 40

PART-B: Indian Economic Development (Marks: 40)

Q. No. 1 carries 1 mark each (any four): 1*4 = 4

Q. No. 2 carries 2 marks each (any five): 2*5 = 10

Q. No. 3 carries 3 marks each (any two): 3*2 = 6

Q. No. 4 carries 6 marks each (any two): 6*2 = 12

Q. No. 5 carries 8 marks (any one): 8*1 = 8

Total = 40

Total (Part-A & Part-B): 40 + 40 = 80

PART-A: Introductory Macroeconomics

1. Answer any four of the following as directed: (1*4 = 4)

(a) Define 'economic agents'.

(b) Name the four major sectors of an economy.

(c) "Flows are defined over a period of time." (State True or False)

(d) Define full employment level of income.

(e) NDP_MP = __________ - Depreciation. (Fill in the blank)

(f) How do economists define a non-rivalrous good?

(g) At what point is the 'balance of trade' said to be balanced?

2. Answer any five of the following questions: (2*5 = 10)

(a) Distinguish between Intermediate goods and Final goods.

(b) Explain the concept of net investment.

(c) Distinguish between Gross National Product (GNP) and Net National Product (NNP).

(d) What are the components of aggregate demand?

(e) Mention any two motives of holding money.

(f) Under what circumstances does a fiscal deficit emerge? Support your answer with an example.

(g) If the marginal propensity to consume (MPC) is 0.8, then calculate the government expenditure multiplier.

3. Answer any two of the following questions: (3*2 = 6)

(a) Mention and describe very briefly the three methods of measuring national income.

(b) How do commercial banks create credit?

(c) Define Marginal Propensity to Consume (MPC). How is it related to Marginal Propensity to Save (MPS)? (1 + 2 = 3)

(d) Mention any three features of the FRBM Act, 2003.

Also Read: AHSEC Class 12 Economics Question Paper

4. Answer any two of the following questions: (6*2= 12)

(a) Distinguish between the following: (3*2 = 6)

(i) Gross Domestic Product (GDP) and Gross National Product (GNP)

(ii) Nominal GDP and Real GDP

(b) Discuss the rationale behind demonetization in India in the year 2016.

(c) Elaborate the concept of 'paradox of thrift' with the help of a suitable numerical example.

(d) Consider an economy described by the following functions:

C = 20 + 0.8Y

I = 30

G = 50

TR = 100

(i) Find the equilibrium level of income and autonomous expenditure multiplier in the model.

(ii) If the government expenditure increases by 30, then what is the impact on equilibrium income?

(iii) If a lump-sum tax of 30 is added to pay for increase in government purchase, then how will equilibrium income change? (3 + 2 + 1 = 6)

5. Answer any one of the following questions: (8*1 = 8)

(a) From the following data, calculate: (4 + 2 + 2 = 8)

(i) GDP at factor cost

(ii) GNP at market price

(iii) NNP at factor cost

Items	(in crore)
Consumption expenditure	2,000
Investment expenditure	1,200
Government expenditure	450
Export	80
Import	95
Net factor income from abroad	60
Indirect tax	90
Subsidies	80
Depreciation	30

(b) Write short notes on the following: (4*2 = 8)

(i) Barter system

(ii) Functions of money

PART-B: Indian Economic Development

6. Answer any four of the following: (1* 4 = 4)

(a) What was the basic objective of the British colonial rule in India?

(b) In which year was India's first Official Census operation undertaken?

(c) Name any two types of economic systems.

(d) What is 'marketable surplus'?

(e) Write the full form of WTO.

(f) Define unemployment.

7. Answer any five of the following questions: (2*5 = 10)

(a) Mention any two causes of India's low-level economic development under Colonial rule.

(b) Write two objectives of India's Five-Year Plans.

(c) What is liberalization? Why was the policy of liberalization adopted in India? (1 + 1 = 2)

(d) Point out any two sources of human capital formation.

(e) What is Kudumbashree?

(f) Define economic activities.

(g) In which Indian State did the Appiko Movement originate?

8. Answer any two of the following questions: (3*2 = 6)

(a) Explain the State of Indian agriculture sector during pre-British period.

(b) What is Green Revolution? Write its main features.

(c) Explain the concepts of privatization and disinvestment.

(d) What are the functions of environment? Explain briefly.

9. Answer any two of the following questions: (6*2 = 12)

(a) Explain the features of the following sectors on the eve of Indian Independence: (2*3 = 6)

(i) Infrastructure

(ii) Foreign trade

(iii) Industrial sector

(b) Write comparative notes for India and China on the basis of the following: (3*2 = 6)

(i) Demographic indicators

(ii) GDP and sectoral compositions

(c) What is import substitution policy? Explain the role and importance of small-scale industries in India. (2 + 4 = 6)

(d) In your view, is it essential for the government to regulate the fee structure in education and healthcare institutions? Discuss in the light of human capital formation, LPG reforms, poverty, inequality and inclusive growth.

10. Answer any one of the following questions: (8*1 = 8)

(a) Write a brief note on the role of women in various economic activities in Indian economy.

(b) What is sustainable development? Explain the strategies for sustainable development in India. Discuss the major environmental challenges faced by India. (2 + 3 + 3 = 8)

(c) Define rural development. Write brief notes on the:

(i) adoption of village by the Parliamentarians

(ii) Tamil Nadu Women in Agriculture (TANWA). (2 + (3 + 3) = 8)

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