ISC Class 12 Economics Exam 2026 Repeated Questions

ISC Class 12 Economics 2026 Repeated Questions should be practiced regularly for revision and better understanding of questions along with their marking schemes. You can also practice these questions to learn how to write answers within time or as per the marks allotted to that question. The repeated questions provided here are taken from the topics that carry high marks and the previous year's question papers. Solving these questions regularly will help students to focus on similar questions. They will be able to identify the questions in board exams and easily write the answers. Read the following article to get familiar with the types of questions asked for different marks in exams. Practice writing the answers for each question.

Also Read ISC Class 12 Economics Weightage 2026

ISC Class 12 Economics Exam 2026 Repeated Questions

Q1. Currency held by the public + Cash reserve with the commercial bank + Required reserve of commercial bank with the RBI + Other deposits with RBI is equal to:

1. Broad money
2. Narrow money

(c) High powered money

(d) Standard money

Q2. An oligopolist has an indeterminate demand curve. What is the reason for this feature of Oligopoly?

Q3. Given below are two statements marked as "Assertion" and "Reason." Read the statements carefully and choose the correct option. (Analysis)

Assertion: A firm is able to sell more quantity of a commodity by reducing its price.

Reason: As it sells additional units of the commodity at a lower price, the firm’s marginal revenue will be less than its average revenue.

1. Both Assertion and Reason are true and Reason is the correct explanation of Assertion.
2. Both Assertion and Reason are true but Reason is not the correct explanation of Assertion.

(c) Assertion is true and Reason is false.

(d) Both Assertion and Reason are false.

Q4. The initial demand for a commodity was 100 units. With a rise in price by ₹ 5, the demand for the quantity decreases by 5 units. The elasticity of demand is 1‧2. Calculate the price before the change in demand.

Q5. How are deposits created through lending by commercial banks? Explain with the help of a numerical example.

Also Read ISC Class 12 Economics Exam Pattern 2025-26

Q6. Calculate GNPmp using Income method and Expenditure method from the following data. (Application)

Items                                                                             ₹ (in Crore)

(i) Private final consumption expenditure                                         800

(ii) Net exports                                                                               20

(iii) Rent                                                                                        40

(iv) Interest                                                                                    60

(v) Government final consumption expenditure                                 200

(vi) Profit                                                                                       120

(vii) Net domestic capital formation                                                  100

(viii) Compensation of employees                                                    800

(ix) Net indirect taxes                                                                     100

(x) Consumption of fixed capital                                                      20

(xi) Net factor income from abroad                                                 (-) 30

Q7. With the help of a schedule, explain the operation of the Law of Equi-Marginal Utility.

Q8. Show Consumer’s equilibrium through Indifference curve approach, mentioning the essential conditions.

Q9. A consumer can attain a stable equilibrium only when the marginal utility obtained from a commodity can be equated with the price of that commodity. Explain this phenomenon with the help of a diagram.

Q10. India is predominantly an agriculture-based country. It is the second largest producer of wheat in the world and wheat export is also an important component in its international business transactions. Recently, the Indian Government put a ban on the export of wheat to other countries to control inflation in the country. This decision of the Indian Government may decrease the flow of foreign exchange on the credit side of the balance of payments of our country in comparison to the debit side of it. This may affect the Balance of Payment as India has been following a flexible exchange rate system, to some extent, since 1991-92.

(i) What is meant by balance of payments?
(ii) State any two causes of adverse balance of payments.
(iii) In the context of international business relations, what does "flexible exchange rate system" mean?
(iv) Why does a country need foreign exchange?
(v) What economic variables are measured along the x-axis and y-axis for the determination of the foreign exchange rate?

Students can write answers for these questions and practice more such questions from ISC Class 12 Economics Sample Paper 2025-26 for better preparation. This will help in scoring good marks.