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For the exam held on February 21, the Class 12 ISC Economics Answer Key 2025 has been provided here. The answer key is unofficial and given for all set codes.
Class 12 ISC Economics Answer Key 2025
Class 12 ISC Economics Answer Key 2025:
Aspirants who appeared for the ISC Class 12 Economics Exam 2025 on
February 21
are now eagerly awaiting an assessment of their performance. Since CISCE does not officially release answer keys for board exams, various subject experts and coaching institutes have compiled unofficial answer keys to help students estimate their scores. The ISC Economics 2025 question paper featured sections covering both microeconomics and macroeconomics. The paper included a combination of multiple-choice questions (MCQs), short-answer questions, and long-answer questions.
These unofficial answer keys are prepared based on expert analysis and students' memory-based questions. While they are not officially verified by the board, they serve as a valuable reference for students to cross-check their responses and gauge their expected marks.
Also Read | Class 12 ISC Result Expected Release Date 2025
Class 12 ISC Economics Answer Key 2025
Aspirants can check the unofficial answer key for the ISC Class 12 Economics 2025 exam in the table below.
Section A Question 1
Question | Answer Key |
|---|---|
|
(i) In the diagram, CD is the budget line. What does the point G represent?
(a) Combination of two goods on which a consumer spends her entire income (b) Combination of two goods on which a consumer spends less than her money income (c) Combination of two goods on which a consumer spends greater than her money income (d) Consumer spends her entire money income either on Good A or Good B | (b) Combination of two goods on which a consumer spends less than her money income |
|
(ii) Abinav derives total utility of 11 units after consuming 4 mangoes and 9 utils after consuming 6 mangoes. What is his marginal utility on consuming the 6th mango?
(a) 1 util (b) 21 utils (c) 10 utils (d) - 1 utils | (d) - 1 utils |
|
(iii) Law of Vairable proportions is NOT applicable when:
(a) All factor inputs increase in the same proportion. (b) The time period is short. (c) All the units of variable input are equally efficient. (d) Technology remains constant. | (a) All factor inputs increase in the same proportion. |
|
(iv) Refer to the diagram and choose the correct statement:
(a) E 1 is the equilibrium point as MR = MC. (b) E 1 and E 2 are equilibrium points as MR = MC. (c) E 2 is the equilibrium point because MC > MR beyond this point. (d) E 2 is the equilibrium point because MC < MR beyond this point. | (c) E 2 is the equilibrium point because MC > MR beyond this point. |
|
(v) Identify the correct statement with reference to the measures of money supply.
(a) M 3 includes M 2 . (b) M 3 includes Time Deposits with commercial banks. (c) M 1 includes Time Deposits with commercial banks. (d) M 2 includes National Saving Certificates. | (a) M 3 includes M 2 . |
|
(vi) Suppose the total receipts are Rs. 1045 crore and the total payments are Rs. 1526 crore in the Balance of Payments account of India. In the above context, which one of the following can improve the Balance of Payments of India?
(a) Indian tourists buying souvenirs in foreign countries. (b) Foreign Institutional Investor (FII) buying shares of Indian companies. (c) Indian students joining foreign universities for higher education. (d) Value of the US dollar falling against the Indian rupee. | (b) Foreign Institutional Investor (FII) buying shares of Indian companies. |
|
(vii) Which of the following scenarios correctly represents a Degressive tax system?
(a) Ruhi paid income tax in three consecutive years at the rate of 10% on her income of Rs. 10,000, 15% on her income of Rs. 20,000, and 15% on her income of Rs. 30,000. (b) Goods and service tax on gold ornaments is 3% and 18% on fine dining in restaurants. (c) Roshan was promoted to the position of Senior Manager and received a raise in his income. But he continued paying 10% of his income as tax. (d) Suhana paid TDS at a higher rate on her increased interest income in the current year as compared to the previous year. | (c) Roshan was promoted to the position of Senior Manager and received a raise in his income. But he continued paying 10% of his income as tax. |
|
(viii) Choose the correction option - Assertion (A): Rise in price of burger at Burger Bliss raises the demand for burgers at Burger Heaven. Reason (R): There is a negative relationship between the demand for a good and the price of the complementary good.
(a) Both Assertion and Reason are true and Reason is the correct explanation for Assertion. (b) Both Assertion and Reason are true and Reason is not the correct explanation for Assertion. (c) Assertion is true and Reason is false. (d) Both Assertion and Reason are false. | (b) Both Assertion and Reason are true and Reason is not the correct explanation for Assertion. |
|
(ix) Choose the correction option - Assertion (A): Commercial Banks can deposit their surplus funds with RBI. Reason (R): A high reverse repo rate enables commercial banks to earn an income.
(a) Both Assertion and Reason are true and Reason is the correct explanation for Assertion. (b) Both Assertion and Reason are true and Reason is not the correct explanation for Assertion. (c) Assertion is true and Reason is false. (d) Both Assertion and Reason are false. | (a) Both Assertion and Reason are true and Reason is the correct explanation for Assertion. |
| (x) With the help of a diagram, illustrate the effect of an increase in the price of the product shown in Image A on the demand for the product shown in Image B. | Rightward shift of demand curve |
| (xi) The long run average cost curve is U shaped due to the Law of Variable Proportions. Defend or refute the statement with a reason. | Refute the statement. The Long Run Average Cost (LRAC) curve is U-shaped due to economies and diseconomies of scale, not the Law of Variable Proportions (which applies only in the long run) |
| (xii) Amit drew Rs. 50,000 from his savings to invest in his own business. He bought a zerox machine for Rs. 30,000 for his office the same day. Identify the explicit cost and the implicit cost in the above situation. | Explicit Cost: Rs. 30,000 (money spent on the xerox machine). Implicit Cost: Rs. 50,000 (the opportunity cost of withdrawing savings and not earning interest on it). |
| (xiii) If Indian companies raise the wages in accordance with the Minimum Wage Act, it will lead to cost push inflation. Give a reason to support this statement. | An increase in minimum wages raises production costs, leading to higher prices for goods and services, causing cost push-inflation |
| (xiv) Sagarika wants to buy a car worth Rs. 10 lakhs. She has only Rs. 3 lakhs and plans to borrow the remaining amount from the bank. Name and briefly explain the selective credit control measure that enables Sagarika to get maximum loan from the bank. | Marginal Requirement: It is a selective credit control measure used by RBI to regulate the percentage of loan that banks can provide against collateral. A lower margin margin requirement means a higher loan amount, enabling Sagarika to borrow more. |
| (xv) Why does this supply of foreign exchange increase with an increase in the foreign exchange rate? | The supply of foreign exchange increases with an increase in the foreign exchange rate because domestic goods and services become cheaper for foreign buyers, leading to higher exports. Additionally, foreign investments in the domestic economy become more attractive, further increasing the inflow of foreign exchange. |
| (xvi) What is meant by primary deficit? | The primary deficit is the fiscal deficit minus interest payments on past borrowings. Primary Deficit = Fiscal Deficit - Interest Payments |
Class 12 ISC Economics Exam Analysis 2025 Link
Candidates can check out the ISC Class 12 Economics Exam Analysis 2025 by clicking here:
Class 12 ISC Subject-Wise Answer Key 2025 |
| Name of Subject | Answer Key 2025 Links |
|---|---|
| English Language | Class 12 ISC English Language Answer Key 2025 |
| English Literature | Class 12 ISC English Literature Answer Key 2025 |
| Chemistry | Class 12 ISC Chemistry Answer Key 2025 |
| Mathematics | Class 12 ISC Mathematics Answer Key 2025 |
| Business Studies | Class 12 ISC Business Studies Answer Key 2025 |
| Physics | Class 12 ISC Physics Answer Key 2025 |
| Commerce | Class 12 ISC Commerce Answer Key 2025 |
| Accounts | Class 12 ISC Accounts Answer Key 2025 |
| Biology | Class 12 ISC Biology Answer Key 2025 |
| Computer Science | Class 12 ISC Computer Science Answer Key 2025 |
| Physical Education | Class 12 ISC Physical Education Answer Key 2025 |
For live updates on the answer key, exam analysis, and student reviews, candidates must stay tuned on this page for real-time updates.
Class 12 ISC Economics Answer Key 2025 Live Updates
11 00 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (x) Answer
Ques: With the help of a diagram, illustrate the effect of an increase in the price of the product shown in Image A on the demand for the product shown in Image B.
Ans: Rightward shift of demand curve
10 40 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (ix) Answer
Ques: (ix) Choose the correction option - Assertion (A): Commercial Banks can deposit their surplus funds with RBI. Reason (R): A high reverse repo rate enables commercial banks to earn an income.
(a) Both Assertion and Reason are true and Reason is the correct explanation for Assertion.
(b) Both Assertion and Reason are true and Reason is not the correct explanation for Assertion.
(c) Assertion is true and Reason is false.
(d) Both Assertion and Reason are false.Ans: Option A
10 20 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (viii) Answer
Ques: (viii) Choose the correction option - Assertion (A): Rise in price of burger at Burger Bliss raises the demand for burgers at Burger Heaven. Reason (R): There is a negative relationship between the demand for a good and the price of the complementary good.
(a) Both Assertion and Reason are true and Reason is the correct explanation for Assertion.
(b) Both Assertion and Reason are true and Reason is not the correct explanation for Assertion.
(c) Assertion is true and Reason is false.
(d) Both Assertion and Reason are false.Ans: Option B
10 00 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (vii) Answer
Ques: (vii) Which of the following scenarios correctly represents a Degressive tax system?
(a) Ruhi paid income tax in three consecutive years at the rate of 10% on her income of Rs. 10,000, 15% on her income of Rs. 20,000, and 15% on her income of Rs. 30,000.
(b) Goods and service tax on gold ornaments is 3% and 18% on fine dining in restaurants.
(c) Roshan was promoted to the position of Senior Manager and received a raise in his income. But he continued paying 10% of his income as tax.
(d) Suhana paid TDS at a higher rate on her increased interest income in the current year as compared to the previous year.Ans: Option C
09 40 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (vi) Answer
Ques: (vi) Suppose the total receipts are Rs. 1045 crore and the total payments are Rs. 1526 crore in the Balance of Payments account of India. In the above context, which one of the following can improve the Balance of Payments of India?
(a) Indian tourists buying souvenirs in foreign countries.
(b) Foreign Institutional Investor (FII) buying shares of Indian companies.
(c) Indian students joining foreign universities for higher education.
(d) Value of the US dollar falling against the Indian rupee.Ans: Option B
09 20 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (v) Answer
Ques: (v) Identify the correct statement with reference to the measures of money supply.
(a) M3 includes M2.
(b) M3 includes Time Deposits with commercial banks.
(c) M1 includes Time Deposits with commercial banks.
(d) M2 includes National Saving Certificates.Ans: Option A
09 00 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (iv) Answer
Ques: (iv) Refer to the diagram and choose the correct statement:
(a) E1 is the equilibrium point as MR = MC.
(b) E1 and E2 are equilibrium points as MR = MC.
(c) E2 is the equilibrium point because MC > MR beyond this point.
(d) E2 is the equilibrium point because MC < MR beyond this point.Ans: C
08 40 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (iii) Answer
Ques: (iii) Law of Vairable proportions is NOT applicable when:
(a) All factor inputs increase in the same proportion.
(b) The time period is short.
(c) All the units of variable input are equally efficient.
(d) Technology remains constant.Ans: Option A
08 20 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (ii) Answer
Ques: (ii) Abinav derives total utility of 11 units after consuming 4 mangoes and 9 utils after consuming 6 mangoes. What is his marginal utility on consuming the 6th mango?
(a) 1 util
(b) 21 utils
(c) 10 utils
(d) - 1 utilsAns: Option D
08 00 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Section A Question 1 (i) Answer
Ques: (i) In the diagram, CD is the budget line. What does the point G represent?
(a) Combination of two goods on which a consumer spends her entire income
(b) Combination of two goods on which a consumer spends less than her money income
(c) Combination of two goods on which a consumer spends greater than her money income
(d) Consumer spends her entire money income either on Good A or Good BAns: Option B
07 40 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Student Reactions
There were conceptual-based questions mostly, but manageable. One or two questions were a little tricky, but the remaining paper had straight-forward questions.
07 20 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Which was the most time-consuming section?
As per the student reviews, the most time-consuming was Section C in the question paper.
07 00 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Which was the lengthiest section?
As per the student reviews, the lengthiest section was Section C in the question paper.
06 45 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Expected Good Score
Based on the initial feedback, the overall difficulty level of Section D is 55+.
06 30 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Difficulty Level of Section C
Based on the initial feedback, the overall difficulty level of Section C is Moderate to Tough.
06 15 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Difficulty Level of Section B
Based on the initial feedback, the overall difficulty level of Section B is Moderate.
06 00 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Difficulty Level of Section A
Based on the initial feedback, the overall difficulty level of Section A is Easy.
05 45 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Overall Difficulty Level of the Paper
Based on the initial feedback, the overall difficulty level of the paper is Moderate.
05 30 PM IST - 21 Feb'25
ISC Class 12 Economics Unofficial Answer Key 2025: Releasing Soon
The unofficial answer key is expected to be available on February 21, 2025, soon after the exam. Aspirants must stay tuned here for the latest updates.
05 15 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025 Live: Types of Questions
The question type-wise marks distribution for the ISC Economics Paper 2025 has been provided below:
Sections
Type of Questions
No of Questions
Marks
Section-A
Objective/Very Short Answer Questions
16
1 x 16 = 16
Section-B
Short Answer Questions
8
4 x 8 = 32
Section-C
Long Answer Questions
4
8 x 4 = 32
05 00 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025 Live: Concluded at 5 PM
The Council for the Indian School Certificate Examinations (CISCE) has successfully conducted the ISC Class 12 Economics 2025 Exam from 2 PM to 5 PM. The Class 12 ISC Economics Answer Key 2025 can be released anytime soon on this page. Stay Tuned!
04 40 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025 Live: Passing Marks
Students need to score at least 35% in theory and practical exams combined to pass.
04 20 PM IST - 21 Feb'25
Is there an official answer key for Class 12 ISC Economics 2025?
As of now, CISCE does not release an official answer key for Class 12 exams. However, students can refer to unofficial keys for reference.
04 00 PM IST - 21 Feb'25
How will the Class 12 ISC Economics Answer Key 2025 help students?
It allows students to calculate their estimated marks, analyze mistakes, and understand the correct approach to answering questions.
03 40 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: How to Calculate Scores?
Count your correct answers and apply the marking scheme to estimate your total score.
03 20 PM IST - 21 Feb'25
Will the ISC Class 12 Economics Unofficial Answer Key 2025 include all sets?
Yes, the unofficial answer key will provide solutions for all question paper sets.
03 00 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025 Live: Passing Marks
Students need to score at least 35% in theory and practical exams combined to pass.
02 40 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: How to Check Unofficial Answer Key?
The CollegeDekho Team will accumulate the Class 12 ISC Economics Answer Key 2025 here from all the coaching institutes and subject experts as soon as the exam is completed.
02 20 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025 Live: Release Date and Time
The ISC Class 12 Economics Answer Key 2025 exam is going to be conducted on February 21, 2025. The unofficial answer key will be released as soon as the concludes.
02 00 PM IST - 21 Feb'25
Class 12 ISC Economics 2025: Answer Key by Coaching Institutes
As soon as the exam concludes, the unofficial ISC Class 12 Economics Answer Key 2025 will be provided by the different coaching institutes and the same will be provided below on this page.
01 40 PM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Negative Marking
There is no negative marking in ISC Class 12 board exams.
01 20 PM IST - 21 Feb'25
ISC Class 12 Answer Key 2025 Live: How soon will Solutions be Available?
Unofficial solutions will be available within a few hours of the exam on various educational websites.
01 00 PM IST - 21 Feb'25
ISC Class 12 Unofficial Answer Key 2025 Live: Exam Timings
The ISC Class 12 Economics 2025 exam is to be conducted in an offline mode from 2 PM to 5 PM.
12 45 PM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Can I Raise Objections?
Since the answer key is unofficial, students cannot raise objections. However, they can discuss discrepancies with their teachers.
12 30 PM IST - 21 Feb'25
Is there an official answer key for ISC Class 12 Economics 2025?
As of now, CISCE does not release an official answer key for Class 12th exams. However, students can refer to unofficial keys for reference.
12 15 PM IST - 21 Feb'25
When will the Class 12 ISC Economics Answer Key 2025 be released?
The unofficial answer key is expected to be available on February 21, 2025, a few hours after the exam. The official answer key, if released, will be updated later.
12 00 PM IST - 21 Feb'25
ISC Class 12 Economics 2025 Answer Key: Will unofficial answer key be accurate?
The unofficial answer key is prepared by subject experts and teachers. While it is generally accurate, some minor discrepancies may occur.
11 45 AM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025 Live: Release Date and Time
The ISC Class 12 Economics Answer Key 2025 exam is going to be conducted on February 21, 2025. The unofficial answer key will be released as soon as the concludes.
11 30 AM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025: Exam Reporting Time
The reporting process for ISC Class 12 Economics exam will be ended at 1:30 PM. Post that the candidates will not be allowed to enter the exam centre.
11 15 AM IST - 21 Feb'25
ISC Class 12 Economics Answer Key 2025: Exam Timings
The ISC Class 12th Economics 2025 exam is all set to be conducted in offline mode from 2 pm to 5 pm.
11 00 AM IST - 21 Feb'25
Class 12 ISC Economics Answer Key 2025 Live: Exam Today
Council for Indian School Certificate Examinations (CISCE) will be conducting the ISC Class 12 Economics exam today, February 21, 2025.
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