CBSE Class 12 Economics Set 3 - (58/3/3) Question Paper 2026 with Solution PDF

CBSE CLASS XII Questions

• 1.

  In an economy, exclusion of _______ may lead to under estimation of the value of Gross Domestic Product (GDP). 
   

  • Barter Transactions
    
  • Services provided by family members
    
  • Illegal activities
    
  • Depreciation of Assets
    
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• 2.

  Income generated from Aircrafts of Air India operating between Canada and England would be added to the domestic income (NDPFC) of ____________.

  • Canada
    
  • England
    
  • Both Canada and England
    
  • India
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• 3.

  Read the following text carefully: To ensure inclusive and quality education for all, the Indian government has launched several important schemes. These schemes aimed at improving access, equity, and learning outcomes, especially among disadvantaged groups. The Right to Education (RTE) Act, passed by the India Parliament on August 4, 2009, guarantees free and compulsory education to every child between 6-14 years of age. It ensures that all children have access to education in neighbourhood schools, until they complete elementary education. Another key initiative is Sarva Shiksha Abhiyan (SSA). It was introduced in 2001. It is one of India’s flagship programmes for the Universalisation of Elementary Education. Digital India Campaign, launched on July 1, 2015, focuses on transforming India into a digitally empowered society by improving mobile and internet connectivity, particularly in rural and remote regions. This initiative supports digital learning & access to educational resources. Through these initiatives, the government strives to create an equitable, accessible & quality driven educational environment for all children, laying a strong foundation for national development. On the basis of the given text and common understanding, answer the following questions: (i) Identify, which law guarantees free and compulsory education upto the age of 14 years. Explain, how does it help in enhancing access to education. (ii) In your opinion, how has the increase in public spending on education contributed to India’s social and economic transformation? Support your answer with valid arguments.

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• 4.

  "Although the subsidies play a crucial role in giving incentive to farmers to adopt modern agricultural technologies, they simultaneously impose a significant fiscal strain on the resources of the Government." Justify the given statement with valid arguments.

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• 5.

  "Under the provisions stated in Section 20 and Section 21 of the Reserve Bank of India (RBI) Act, 1934, the RBI is mandated to handle the banking operations of the Government of India."
  In the light of the given statement, elaborate the indicated function of the Reserve Bank of India.

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• 6.

  Identify which of the following is a `Stock' variable:
  

  • Monthly Salary of a teacher
    
  • Distance between Delhi and Mumbai
    
  • Annual Interest on savings
    
  • Quantity of wheat produced in a year
    
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