myCBSEguide
Class 12 economics case study questions.
Table of Contents
In this article, we will discuss how to download CBSE class 12 Economics Case Study Questions from the myCBSEguide App and our Student Dashboard for free. For the students appearing for class 12 board exams from the commerce/ humanities stream, Economics is a very lucrative and important subject. It is a very high-scoring subject that aids the students to increase their percentile and excel in academics.
The exam is divided into 2 parts:
- Macro Economics
- Indian Economics Development
12 Economics Case Study Questions
CBSE introduced case-based questions for class 12 in the year 2021-22 to enhance critical thinking in students. CBSE introduced a few changes in the question paper pattern to enhance and develop analytical and reasoning skills among students. Sanyam Bharadwaj, controller of examinations, CBSE quoted that the case-based questions would be based on real-life situations encountered by students.
The purpose was to drift from rote learning to competency and situation-based learning. He emphasized the fact that it was the need of the hour to move away from the old system and formulate new policies to enhance the critical reasoning skills of students. Introducing case study questions was a step toward achieving the goals of the National Education Policy (NEP) 2020.
What is a Case Study Question?
As part of these questions, the students would be provided with a comprehensive passage, based on which analytical questions will have to be solved by them. The students will have to read the given passage thoroughly before attempting the questions. In The current examination cycle (2021-22), case-based questions have a weightage of around 20%.
Types of Case Study Questions in Economics
CBSE plans to increase the weightage of such questions in the following years, so as to enhance the intellectual and analytical abilities of the students. Case-based questions are predominantly of 3 types namely:
- Inferential
Local questions
Local questions can be easily solved as the answers are there in the given passage itself.
Global Questions
For Global questions, the students will have to read the passage in depth, analyze it and then solve it.
Inferential questions
Inferential questions are the ones that would require the student to have complete knowledge of the topic and could be answered by application of the concepts. The answers to such questions are tricky and not visible in the given passage, though the passage would highlight the concept on which the questions would be asked by CBSE.
HOTS Questions in Class 12 Economics
Personally, the concept of case-based questions is not new since CBSE has always included questions based on Higher Order Thinking Skills (HOTs). Though now we will have an increased percentage of such questions in the question paper.
Advantages of Case-based Questions
Class 12 Economics has two books and CBSE can ask Case study questions from any of them. Students must prepare themselves for both the books. They must practice class 12 Economics case-based questions as much as possible.
Case study questions:
- Enhance the intellectual and analytical abilities of the students.
- Provide a complete and deeper understanding of the subject.
- Inculcate intellectual reasoning and scientific temperamental in students.
- Help students retain knowledge for a longer time.
- Would definitely help to discard the concept of memorizing insanely and cramming without a factual understanding of the content.
- The questions would help to terminate the existing system of education in India that promotes rote learning.
Sample case study questions (Economics) class 12
Here are some case study questions for CBSE class 12 Economics. If you wish to get more case study questions and other related study material, download the myCBSEguide App now. You can also access it through our Student Dashboard.
Case Study 1
Keeping in view the continuing hardships faced by banks in terms of social distancing of staff and consequent strains on reporting requirements, the Reserve Bank of India has extended the relaxation of the minimum daily maintenance of the CRR of 80% for up to September 25, 2020. Currently, CRR is 3% and SLR is 18.50%.
“As announced in the Statement of Development and Regulatory Policies of March 27, 2020, the minimum daily maintenance of CRR was reduced from 90% of the prescribed CRR to 80% effective the fortnight beginning March 28, 2020 till June 26, 2020, that has now been extended up to September 25, 2020,” said the RBI.
Q.1 The full forms of CRR and SLR are:
- Current Reserve Ratio and Statutory Legal Reserves
- Cash Reserve Ratio and Statutory Legal Reserves
- Current Required Ratio and Statutory Legal Reserves
- Cash Reserve Ratio and Statutory Liquidity Ratio (ans)
Q.2 What will be the value of the money multiplier?
- None of these
Q.3 SLR implies:
- a) Certain percentage of the total banks’ deposits has to be kept in the current account with RBI
- b) Certain percentage of net total demand and time deposits have to be kept by the bank themselves (ans)
- c) Certain percentage of net demand deposits has to be kept by the banks with RBI
- d) None of the above
Q.4 Decrease in CRR will lead to __.
- a) fall in aggregate demand in the economy
- b) rise in aggregate demand in the economy (ans)
- c) no change in aggregate demand in the economy
- d) fall in the general price level in the economy
Case Study 2
An important lesson that the COVID-19 pandemic has taught the policymakers in India is to provide greater impetus to sectors that make better allocation of resources and reduce income inequalities. COVID-19 has also taught a lesson that in crisis the population returns to rely on the farm sector. India has a large arable land, but the farm sector has its own structural problems. However, directly or indirectly, 50 percent of the households still depend on the farm sector. Greater support to MSMEs, higher public expenditure on health and education and making the labour force a formal employee in the economy are some of the milestones that the nation has to achieve.
One of the imminent reforms to be done in the country is labour reforms. Labour laws are outmoded in India, and some of these date back to the last century.
India’s complex labour laws have been blamed for keeping manufacturing businesses small and hindering job creation. Industry hires labour informally because of complex laws and that is responsible for low wages.
- Which types of structural problems are faced by the agricultural sector?
- “It is necessary to create employment in the formal sector rather than in the informal sector.’’ Defend or refute the given statement with valid argument.
- Hired labour comes in …………………. (Informal organisation / formal organisation)
- What do you mean by MSMEs?
Case Study 3
People spend to acquire information relating to the labour market and other markets like education and health. This information is necessary to make decisions w.r.t investment in human capital and its efficient utilization. Thus, expenditure incurred for acquiring information relating to the labour market and other markets is also a source of human capital formation.
Q1. Which of the following is the source of human capital formation in India?
- Acquiring information
- All of these (ans)
Q2. Education provides
- Private benefit
- Social benefit
- Both 1) and 2) (ans)
Q3. __ persons contribute more to the growth of an economy.
Q4. Training given by a company to its employees is generally__________
- Investment (ans)
- Social wastage
- Both 1) and 2)
Tips to Solve Case Study Questions in Economics
Let’s understand how you can solve case study questions in class 12 Economics. The two books are Macroeconomics and Indian Economic Development.
- Read the passage thoroughly
- Can follow a reversal pattern, especially macroeconomics questions, i.e. read questions first and then look for the answers in the passage.
- In case the question asked is about Indian Economic Development, read the passage very carefully as most of the answers would be hidden in the passage itself.
- Macro Economics questions will be more application-based and would test your conceptual clarity.
- Answer briefly and precisely.
Important Chapters – Economics Case Study Questions
Following are some of the very important topics that need to be prepared very thoroughly under CBSE class 12 Economics. We expect that CBSE will certainly ask case-based questions from these chapters.
- National income and its aggregates
- Government budget
- Current challenges faced by the Indian economy
“Stop waiting for tomorrow, Start now”
Test Generator
Create question paper PDF and online tests with your own name & logo in minutes.
Question Bank, Mock Tests, Exam Papers, NCERT Solutions, Sample Papers, Notes
Related Posts
- Competency Based Learning in CBSE Schools
- Class 11 Physical Education Case Study Questions
- Class 11 Sociology Case Study Questions
- Class 12 Applied Mathematics Case Study Questions
- Class 11 Applied Mathematics Case Study Questions
- Class 11 Mathematics Case Study Questions
- Class 11 Biology Case Study Questions
- Class 12 Physical Education Case Study Questions
1 thought on “Class 12 Economics Case Study Questions”
thanks for your information, dont forget to visit airlangga university website https://www.unair.ac.id/mahasiswa-unair-dan-y20-indonesia-diskusikan-isu-resesi-ekonomi/
Leave a Comment
Save my name, email, and website in this browser for the next time I comment.
NCERT Solutions for Class 12 Macroeconomics Chapter 4 Case Study
NCERT Solutions for Class 12 Macroeconomics Chapter 4 Case Study Questions with answers in English Medium designed for session 2022-2023. The Case Study MCQ of class 12 Economics chapter 4 Determination of Income and Employment are given here to understand Case Studies and to prepare the Case based questions.
Class 12 Macroeconomics Chapter 4 Case Studies Question Answers
- Class 12 Macroeconomics Chapter 4 Case Study
- Class 12 Macroeconomics Chapter 4 NCERT Solutions
- Class 12 Macroeconomics Chapter 4 MCQ Answers
- Class 12 Indian Eco & Macro Economics Solutions
- Class 12 NCERT Solutions in Hindi & English Medium
- Class 12 NCERT Books in Hindi & English Medium
Aggregate call for refers to the overall cost of very last items and offerings which all of the sectors of an economic system are making plans to shop for at a given stage of profits in the course of a duration of 1 accounting year. In different words, AD is the mixture expenditure that unique sectors of the economic system are inclined to incur in the course of a given duration. It approaches, AD and mixture expenditure imply the equal. It is vital to notice that mixture expenditure refers back to the deliberate expenditure and now no longer the real expenditure. So, AD is the overall costs that each one family, companies, authorities and the relaxation of the arena are making plans to incur in the course of a given duration of time. AD is a go with the drift idea as its miles normally measured during an accounting year.
Components of mixture call for: The diverse additives of mixture call for are:
- Private intake expenditure – It refers to the overall expenditure incurred through families on buy of products and offerings in the course of an accounting year. Consumption expenditure is without delay prompted through the extent of disposable profits i.e., better the disposable profits, extra is the intake expenditure and vice versa. Disposable profits refer back to the profits from all sources that is to be had to families for spending on intake and saving.
- Investment expenditure – It refers to the overall expenditure incurred through all non-public companies on capital items. It consists of addition to the inventory of bodily capital belongings inclusive of machinery, equipment, homes etc. and alternate in stock.
- Government expenditure – It refers to the overall expenditure incurred through authorities on purchaser items and capital items to meet the not unusual place desires of the economic system. It approaches, authorities incur intake expenditure in addition to funding expenditure. Consumption expenditure is incurred to satisfy public desires like regulation and order, education, health, transport, defence, etc. Investment expenditure entails production of highways, roads, energy plants, etc.
- Net Exports – Export suggest call for items produced in the home territory of a rustic through the relaxation of the arena. Imports consult with needs of the citizens of a rustic for the products which have been produced abroad. The distinction among exports and imports is named as NET Exports.
- Question 1: Name the 4 additives of mixture call for.
- Question 2: State whether or not True or False. (a) AD and mixture expenditure imply the equal. (b) AD is the overall costs that each one family, companies, authorities and the relaxation of the arena are making plans to incur in the course of a given duration of time. (c) Imports consult with needs of the citizens of a rustic for the products which have been produced in a rustic. (d) The distinction among exports and imports is named as Gross Exports. (e) AD is a go with the drift idea as its miles normally measured during an accounting year. (f) Investment expenditure consists of addition to the inventory of bodily capital belongings inclusive of machinery, equipment, homes etc. and alternate in stock.
- Question 3: What is Government expenditure?
- Question 4: What is mixture call for and marketplace call for?
- Question 5: Fill with inside the blanks: (a) AD and mixture expenditure imply the _________. (b) Consumption expenditure is incurred to satisfy _________ like regulation and order, education, health, transport, defence, etc. (c) ________ entails production of highways, roads, energy plants, etc. (d) AD is a _________ as its miles normally measured during an accounting year. (e) Export suggests call for items produced in the _________ territory of a rustic through the relaxation of the arena.
- Answer 1: Private intake expenditure, Investment expenditure, Government expenditure and Net exports.
- Answer 2: (a) True, (b) True, (c) False, (d) False, (e) True, (f) True
- Answer 3: Government expenditure refers to the overall expenditure incurred through authorities on purchaser items and capital items to meet the not unusual place desires of the economic system. It approaches, authorities incur intake expenditure in addition to funding expenditure.
- Answer 4: Aggregate call for is the overall call for all items and offerings inside the complete economic system. Whereas, marketplace call for is the overall call for one commodity within the marketplace.
- Answer 5: (a) equal, (b) public desires, (c) Investment expenditure, (d) go with the drift idea, (e) home.
Aggregate deliver refers to cash cost of very last items and offerings that each one the manufacturers are inclined to deliver in an economic system in a given duration of time. It has to be mentioned that AS refers handiest to deliberate manufacturing or preferred output in the course of a given time duration. Aggregate deliver is equals to country wide profits. When AS is expressed in bodily phrases, it refers to general output of products and offerings in an economic system. We recognise that cost of general output is shipped to elements of manufacturing within the shape of rent, wages, hobby and income. The sum general of those element earning at home and country wide stage is named as country wide profits. So, we will say that mixture deliver and country wide profits, are one and the equal thing.
The primary part of country wide profits is spent on intake of products and offerings and the stability is stored. It approaches, profits are both fed on or stored. Consumption expenditure refers to that part of profits that is spent on the acquisition of products and offerings on the given stage of profits. Consumption feature refers to purposeful courting among intake and country wide profits. It represents the willingness of families to buy items and offerings at a given stage of profits in the course of a given time duration. It additionally indicates the intake stage at unique degrees of profits in an economic system. It is a mental idea as its miles prompted through subjective elements like customer’s options and habits, etc.
- Question 1: What is mixture deliver?
- Question 2: What do you recognize through intake feature?
- Question 3: State whether or not True or False. (a) Aggregate deliver and country wide profits, are one and the equal thing. (b) The primary part of country wide profits is spent on intake of products and offerings and the stability is stored. (c) When AS is expressed in bodily phrases, it refers to general output of products and offerings in an economic system. (d) Aggregate deliver isn’t always equals to country wide profits. (e) The sum general of the element earning at home and country wide stage is named as country wide profits.
- Question 4: Fill with inside the blanks: (a) It is a mental idea as its miles prompted through _____________ elements like customer’s options and habits, etc. (b) When AS is expressed in bodily phrases, it refers to ______________ of products and offerings in an economic system. (c) Consumption feature refers to _______________ among intake and country wide profits. (d) It has to be mentioned that AS refers handiest to _______________ or preferred output in the course of a given time duration. (e) Aggregate deliver refers to ______________ of very last items and offerings that each one the manufacturers are inclined to deliver in an economic system in a given duration of time.
- Question 5: How can we calculate country wide profits?
- Answer 1: Aggregate deliver refers to cash cost of very last items and offerings that each one the manufacturers are inclined to deliver in an economic system in a given duration of time.
- Answer 2: Consumption feature refers to purposeful courting among intake and country wide profits. It represents the willingness of families to buy items and offerings at a given stage of profits in the course of a given time duration.
- Answer 3: (a) True, (b) True, (c) True, (d) False, (e) False
- Answer 4: (a) subjective, (b) general output, (c) purposeful courting, (d) deliberate manufacturing, (e) cash cost
- Answer 5: The cost of general output is shipped to elements of manufacturing inside the shape of rent, wages, hobby and income. The sum general of those element earning at home and country wide stage is named as country wide profits.
There are technical factors of propensity to devour: 1. Average propensity to devour (APC) 2. Marginal propensity to devour (MPC) Average propensity to devour refers back to the ratio of intake expenditure to the corresponding stage of profits. Some vital factors approximately APC are: As lengthy as intake is extra than country wide profits, APC is extra than 1. At the break-even factor intake is same to country wide profits, so APC is equals to 1. Beyond the break-even factor, intake is much less than country wide profits. APC Falls constantly with the growth in profits due to the fact the share of profits spent on intake continues on decreasing. APC may be 0 handiest while intake turns into 0. However, intake is in no way 0 at any stage of profits. Even at 0 stage of country wide profits, there’s self-sustaining intake. Marginal propensity to devour refers back to the ratio of alternate in intake expenditure to alternate in general profits. MPC explains what percentage of alternate in profits is spent on intake. Some vital factors approximately MPC: We recognise, incremental profits are both spent on intake or stored for destiny use. In everyday conditions cost of MPC varies among zero to 1.
MPC of negative is extra than that of wealthy due to the fact negative human beings spend an extra percent in their multiplied profits on intake as maximum in their simple desires continue to be unsatisfied. On the alternative hand, which human beings spend a smaller percentage as they already experience a better popular of living. MPC Falls with successive growth in profits due to the fact as an economic system turns into richer, it has the tendency to devour smaller percent of every increment to its profits.
- Question 1: When does APC turns into 0?
- Question 2: Why does MPC falls with successive growth in profits?
- Question 3: Fill with inside the blanks: (a) In everyday conditions cost of MPC varies among ____________. (b) APC Falls constantly with the ___________in profits due to the fact the share of profits spent on intake continues on decreasing. (c) Incremental profits are both spent on intake or _____________ for destiny use. (d) Average propensity to devour refers back to the ratio of ______________ to the corresponding stage of profits. (e) As lengthy as intake is extra than country wide profits, APC is ______________ than 1. (f) Marginal propensity to devour refers back to the _____________ in intake expenditure to alternate in general profits. (g) Even at 0 stage of country wide profits, there’s ______________ intake.
- Answer 1: APC may be 0 handiest while intake turns into 0. However, intake is in no way 0 at any stage of profits. Even at 0 stage of country wide profits, there’s self-sustaining intake.
- Answer 2: MPC Falls with successive growth in profits due to the fact as an economic system turns into richer, it has the tendency to devour smaller percent of every increment to its profits.
- Answer 3: (a) zero to 1, (b) growth, (c) stored, (d) intake expenditure, (e)extra, (f) ratio of alternate, (g) self-sustaining
Investment refers back to the expenditure incurred on advent of New Capital belongings. It consists of the expenditure incurred on belongings like machinery, building, equipment, uncooked material, etc. This caused growth inside the effective ability of an economic system. The funding expenditure is assessed below heads: Induced funding and self-sustaining funding. Induced funding refers back to the funding which relies upon at the income expectancy and is without delay prompted through profits stage. IT will increase with growth in profits and reduces with the lower in profits. Autonomous funding refers back to the funding which isn’t always suffering from modifications within the stage of profits and isn’t always caused totally through income motive. It isn’t always prompted through alternate in profits.
According to a well-known economist, the selection to spend money on a brand-new task relies upon elements: Marginal performance of funding and Rate of hobby. Marginal performance of funding – It refers back to the anticipated price of go back from an extra funding. It is decided through elements:
- Supply rate refers back to the price of manufacturing a brand-new asset of that kind. It is the rate at which the New Capital Asset may be furnished or replaced.
- Prospective yield refers to internet go back, anticipated from the Capital Asset over its lifetime.
- Rate of hobby – it refers to price of borrowing cash for financing the funding. There exists an inverse courting among ROI and the quantity of funding. At an excessive ROI, the funding spending could be much less and at a low ROI, the funding spending could be extra.
- Question 1: What is ROI?
- Question 2: State whether or not True or False. (a) Induced funding refers back to the funding which relies upon at the income expectancy and is without delay prompted through profits stage. (b) Prospective yield refers to gross go back, anticipated from the Capital Asset over its lifetime. (c) Marginal performance of funding refers back to the anticipated price of go back from an extra funding. (d) Autonomous funding isn’t always suffering from modifications within the stage of profits and isn’t always caused totally through income motive. (e) At an excessive ROI, the funding spending could be extra and at a low ROI, the funding spending could be much less.
- Question 3: Fill with inside the blanks: (a) Rate of hobby refers to price of _____________ cash for financing the funding. (b) The funding expenditure is assessed below heads: ____________ and self-sustaining funding. (c) Supply rate is the rate at which the new _____________ may be furnished or replaced. (d) ___________ funding isn’t always prompted through alternate in profits. (e) ___________ funding will increase with growth in profits and reduces with the lower in profits.
- Question 4: What is funding?
- Answer 1: Rate of Interest refers to price of borrowing cash for financing the funding. There exists an inverse courting among ROI and the quantity of funding. At an excessive ROI, the funding spending could be much less and at a low ROI, the funding spending could be extra.
- Answer 2: (a) True, (b) False, (c) True, (d) True, (e) False
- Answer 3: (a) borrowing, (b) Induced funding, (c) capital asset, (d) Autonomous, (e) Induced.
- Answer 4: Investment refers back to the expenditure incurred on advent of New Capital belongings. It consists of the expenditure incurred on belongings like machinery, building, equipment, uncooked material, etc. This caused growth within the effective ability of an economic system.
Ex-ante variable is the deliberate or anticipated cost of variable, whereas, ex-publish variable is the real or found out cost of the variable. Both those phrases are normally utilized in context of saving and funding. There are factors of saving and Investments: 1) Ex-ante saving and ex-ante funding 2) Ex-publish saving and ex-publish funding Ex-ante saving refers to quantity of financial savings, which families deliberate to keep at unique degrees of profits in the economic system. In different words, ex-ante saving are the deliberate financial savings of an economic system at unique degrees of profits. The quantity of ex-ante or deliberate saving is given through the saving feature. Ex-ante funding refers to quantity of funding which companies plans to make investments at unique degrees of profits within the economic system. The quantity of ex-ante or deliberate funding is decided through the relation among funding call for and price of hobby, i.e., through funding call for feature.
Ex-publish financial savings consult with the real or found out saving in an economic system in the course of a year. Ex-publish or real saving is the sum general of deliberate saving and unplanned saving. Ex-publish funding refers back to the found out or real funding in an economic system in the course of a year. Ex-publish or real funding is the sum general of deliberate funding and unplanned funding. Planned cost of the variables are their ex-ante measures, whereas, found out cost of the variables are their ex-publish measures. The importance of difference among Ex-ante and Ex-publish is that each one the variables inside the principle of profits dedication are ex-ante valuables, i.e., ex-ante variables shape the premise of principle of country wide profits dedication.
- Question 1: What is the difference among ‘ex-ante’ and ‘ex-publish’?
- Question 2: What is ex-publish saving?
- Question 3: Fill with inside the blanks: (a) Ex-publish or real funding is the ______________ of deliberate funding and unplanned funding. (b) Ex-ante saving refers to quantity of financial savings, which families deliberate to keep at unique _____________ with inside the economic system. (c) The quantity of ex-ante or deliberate funding is decided through the _____________ among funding call for and price of hobby. (d) The quantity of ex-ante or deliberate saving is given through the ______________. (e) __________ funding refers back to the found out or real funding in an economic system in the course of a year.
- Question 4: State whether or not True or False (a) Planned cost of the variables are their ex-ante measures, whereas, found out cost of the variables are their ex-publish measures. (b) There are factors of saving and Investments: 1) Ex-ante saving and ex-ante funding. 2) Ex-publish saving and ex-publish funding (c) The quantity of ex-publish saving is given through the saving feature. (d) Ex-publish or real saving is the sum general of deliberate saving and unplanned saving. (e) The quantity of ex-ante or deliberate funding isn’t always decided through the relation among funding call for and price of hobby. (f) Ex-ante variable is the deliberate or anticipated cost of variable, whereas, ex-publish variable is the real or found out cost of the variable.
- Answer 1: The importance of difference among Ex-ante and Ex-publish is that each one the variables with inside the principle of profits dedication are ex-ante valuables, i.e., ex-ante variables shape the premise of principle of country wide profits dedication.
- Answer 2: Ex-publish financial savings consult with the real or found out saving in an economic system in the course of a year. Ex-publish or real saving is the sum general of deliberate saving and unplanned saving.
- Answer 3: (a) sum general; (b)degrees of profits; (c)relation; (d) saving feature; (e)Ex-publish.
- Answer 4: (a) True; (b) True; (c)False; (d) True; (e) False; (f) True.
Copyright 2023 by Tiwari Academy | A step towards Free Education
IMAGES
VIDEO
COMMENTS
CBSE introduced case-based questions for class 12 in the year 2021-22 to enhance critical thinking in students. CBSE introduced a few changes in
Class -XII ... So the needs for reform of economic policy was widely felt in the context of ... SUGGESTED ANSWERS TO THE CASE STUDIES.
National Income Accounting - Complete Revision | Class 12 Economics | CBSE 2022-23 LIVE · Class 12 Economics Chapter 5 | Money (Sandeep Garg)
Get Your Dream College in one Click: https://www.adda247.com/cuet/live-classes-study-kit Boost your CBSE BOARD Marks in one Click:
Economics class 12 Case studiesEconomics class 12 picture based questionsClass 12 Economics case based questionsPicture based questionscase
Class 12 Economics | Case Based Questions (Complete Syllabus Covered) (2022-23).
The Case Study MCQ of class 12 Economics chapter 4 Determination of Income and Employment are given here to understand Case Studies and to prepare the Case
BOP in case official reserves with the RBI are not moved? 1. 6. Give one argument against Foreign Investment in India. The Reserve of India (RBI), cuts repo
Encourage use of case studies for discussion purposes to engage students to ... Introductory Microeconomics textbook for class 12 and Introductory.
Course Description. This is a tour of historic economic events decoding them to understand core concepts in Macro-Economics. Let's parse that.