MP Class 12 Economics Important Questions 2026

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MP Class 12 Economics Important Questions 2026 are helpful in preparation for the final exam. If you are still not sure about the most important topics, then you can get to know them through these important questions. Try and focus on completing your MP Board Class 12 Economics Syllabus 2025-26 beforehand to understand the curriculum, and then begin the revision by solving model test papers and previous years' question papers. You can learn about the important questions through the model test papers also or you can separately solve the important questions given below for more practice.

If you want to learn about the question paper pattern, then you will have to download the MP Board Class 12 Economics Exam Pattern 2026 . Do you want to go through some of the most common MP Class 12 Economics Important Questions 2026? Scroll down below to check the exact questions:

MP Class 12 Economics Important Questions 2026 For 1 Mark

Understanding the curriculum and learning the topics is the first step towards developing a good foundation for revision. After you are done developing your foundation, you can continue revising through some important questions given below. A total of 32 objective-type questions will be included for one mark in the MP Class 12 Economics paper:

Question 1: The reason for the downward shape of the production possibility curve is:

(a) Increasing opportunity cost

(b) Decreasing opportunity cost

(c) Same opportunity cost

(d) Negative opportunity cost

Question 2: Indifference Curve (IC) analysis of a consumer's equilibrium is based on:

(a) Cardinal utility (c) Income and price

(b) Demand and supply (d) Ordinal utility

Question 3: Keynes' theory is associated with

(a) Effective demand (c) Propensity to save

(b) Propensity to consume (d) All the above

Question 4: Production function is a relationship between input and …………..

Question 5: True or False: Opportunity cost is also called the economic cost.

MP Class 12 Economics Important Questions 2026 For 2 Mark

The next section of the question paper consists of very short answer-type questions for 2 marks to be answered in 30 words. You will be required to answer 10 questions for 2 marks. Check out some important two-mark questions below:

Question 1: Write the meaning of demand.

Question 2: What are consumption goods?

Question 3: Why and when did the great depression happen?

Question 4: Write the meaning of Equilibrium.

Question 5: Explain the cardinal approach of utility.

Download MP Board Class 12 Economics Model Paper 2026

MP Class 12 Economics Important Questions 2026 For 3 Mark

A total of 4 short-answer type questions will be included in the question paper for 3 marks to be answered in 75 words. You can check out some important questions for 3 marks below and practice them to get a good score:

Question 1: Explain how price is determined in a perfectly competitive market with a fixed number of firms.

Question 2: Write three conditions of profit maximisation.

Question 3: What is the aggregate demand? Write the main components.

Question 4: "Money is a medium of exchange". Explain

Question 5: Explain complementary goods and substitution goods.

MP Class 12 Economics Important Questions 2026 For 4 Mark

Lastly, you will find long answer-type questions for 4 marks. Internal choices will be available in this section, and you are only required to answer four questions. Check out some important long-answer type questions below:

Question 1: Consider the demand for a good for Rs. 4. The demand for the goods is 25 units. Suppose the price of the goods increases to Rs. 5, and as a result, the demand for the goods falls to 20 units. Calculate the price elasticity.

Question 2: What is the meaning of a deficit budget? Explain its types briefly.

Question 3: Write the main methods to calculate the National Income.

Question 4: Explain the Bretton Woods system and the managed floating exchange rate system.

Question 5: From the following data, calculate the depreciation.  (In crore)

I. National income at factor cost 850

II. Gross domestic product at market price 1100

III. Net factor income from abroad 100

IV. Net indirect tax 150

MP Class 12 Economics Chapter-Wise Weightage 2025

A total of 8 units are included in the curriculum for Economics. Check out the weightage allotted for each unit from the table given below:

Now that the board exams are nearing, you must start preparing for the exam seriously through the syllabus and sample question papers available online on the official website of the Madhya Pradesh Board of Secondary Education at mpbse.nic.in. Try and complete as many sample papers as possible, and do not forget to check your answers through the answer keys available online or with the help of your teachers.

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