CBSE Class 12 2025 Economics 58-7-1 Question Paper Set-1: Download Solutions with Answer Key

CBSE CLASS XII Questions

• 1.

  Calculate Domestic Income (NDP_FC) from the data given below:

  S. No.	Particulars	Amount (in ₹ lakh)
  (i)	Gross National Product at Market Price (GNPMP)	2,500
  (ii)	Consumption of Fixed Capital (Depreciation)	200
  (iii)	Goods and Services Tax (Indirect Tax)	20
  (iv)	Subsidies	50
  (v)	Net Factor Income from Abroad (NFIA)	50
  (vi)	Changes in Stocks	30
  (vii)	Unexpected Loss of a Fixed Asset	500

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• 2.

  Using suitable example, distinguish between Foreign Direct Investments (FDI) and Foreign Institutional Investments (FII).

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• 3.

  “Ram was employed for less than 10 days in a company. He does not get social security benefits.”
  Identify and explain the nature of employment indicated in the above text.

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• 4.

  State the meaning and significance of Gross Domestic Product (GDP) deflator.

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• 5.

  "On the basis of the given image, explain the steps which may be taken by the Government of India to control the indicated macroeconomic issue."
  

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• 6.

  Distinguish between Balance of Payment and Balance of Trade.

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