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The CBSE Class 12 Economics Answer Key 2024, containing detailed solutions to board exam questions, is released by the Central Board of Secondary Education after the exams. Official keys are available to help students estimate their scores. The Economics exam will held on 18 March carries 80 marks, divided into MCQs and descriptive questions in two 40-mark sections.
CBSE Class 12 Economics Answer Key 2024: Overview
After the exams, students can download the answer key for CBSE Class 12 Economics paper to evaluate their performance. This key provides detailed answers for self-analysis. Find the CBSE Class 12 Economics Answer Key 2024 for all sets here. Get complete solutions and answers for all questions from the Class 12 Economics question paper 2024.. In the meantime, candidates can refer to the previous year’s answer key for an understanding of mark calculation.
Also Read: CBSE Syllabus 2024 for All Subjects | CBSE Class 12 Economics Syllabus 2024
CBSE Class 12 Economics Answer Key 2024: Important Dates
The CBSE Class 12 Economics answer key for 2024 is released by the board in March 2024. Meanwhile, students can use unofficial answer keys for estimating their marks. Here are some important dates for the CBSE Class 12 exams in 2024.
| Particulars | Dates |
| CBSE Class 12 Economics Exam Date 2024 | 18 March |
| Answer key release date | March 2024 |
| Result date | June 2024 |
| Supplementary exam dates | July 2024 |
| Supplementary exam result date | July 2024 |
Read more: CBSE Class 12 Economics Question Paper Analysis 2024
CBSE Class 12 Economics Paper Answer Key 2024
Students can access answer keys for all available question paper sets here. Answers will be gradually updated for each set.
Question Paper Code: 58/5/1
Set 1
Section A: Macro Economics
| Question Number | CBSE conomics Answer Key 2024 for QP Code 58/2/1 (Set 1) |
| 1. Read the following statements carefully Statement 1 A consumption function describes the relationship between consumption and savings. Statement 2 Consumption function consists of two components autonomous consumption and induced consumption. In the light of the given statements, choose the correct alternative from the following |
(B) Statement 1 is false and Statement 2 is true |
| 2. Identify which of the following is not one of the merits of fixed exchange rate system. | (D) Coordination of macroeconomic policies becomes convenient |
| 3. Identify which of the following will appear on the debit side in the Capital Account of India’s Balance of Payments. | (B) Investing in assets abroad by Indians |
| 4. Study the following figure carefully and cheese the correct alternative to fill in the blank: | (B) Trade of Services |
| 5. Read the following statements carefully: Statement 1: Economic territory and political frontier of a nation are one and the same thing. Statement 2: American Embassy in India is a part of the economic territory of India. In the light of the given statements, choose the correct alternative from the following. |
(D) Both statements 1 and 2 are false. |
| 6. Read the following statements carefully: Statement 1: Money is a commodity which is generally accepted as a medium of exchange. Statement 2: Money solved the problem of double coincidence of wants. In the light of the given statements, choose the correct alternative from the following. |
(C) Both statements 1 and 2 are true. |
| 7. Suppose in an imaginary economy, autonomous consumption = ₹ 500 crore and marginal propensity to consume = 0.8. The saving function for the economy would be _________. (Choose the correct alternative to fill in the blank) | (D) (–) 500 + 0.2Y |
| 8 | To Be Updated |
| 9 | To Be Updated |
| 10 | To Be Updated |
More answers will be uploaded soon
Section B: Indian Economic Development
| Question Number | CBSE Class 12 Economics Answer Key 2024 |
| 18 | To Be Updated |
| 19 | To Be Updated |
| 20 | To Be Updated |
| 21 | To Be Updated |
| 22 | To Be Updated |
| 23 | To Be Updated |
| 24 | To Be Updated |
| 25 | To Be Updated |
| 26 | To Be Updated |
| 27 | To Be Updated |
After Checking the CBSE Class 12 Economics Answer Key 2024: Next Steps
To access CBSE Class 12 results, students need to download them using valid credentials. They can estimate cut-offs using the CBSE Class 12 Economics paper answer key and apply to colleges accordingly. Students can calculate approximate marks before the results are out, check cut-offs, explore colleges, and opt for supplementary exams if needed. Additionally, the CBSE board offers paper revaluation for those unhappy with their marks, allowing them to submit papers for recheck.
CBSE Class 12 Economics Answer Key 2024: Important Instructions
Students should note the key details about the CBSE Class 12 Economics answer key:
- Use it to calculate provisional marks by comparing answers.
- No negative marking is applied by the CBSE board.
- Download the answer key from the official website by providing necessary details.
- Despite strict monitoring, the answer key may contain errors.
- Understanding the CBSE Class 12 exam pattern is crucial as marks are allocated accordingly.
Frequently Asked Questions (FAQs)
Where can I get the Class 12 Economics Answer Key 2024?
On this page, you will get the CBSE Class 12 Economics Answer Key 2024. The Class 12 Economics Answer Key 2024 is error-free and students can calculate their marks using Class 12 Economics Answer Key 2024.
What is the exam pattern of Class 12 Economics?
The Class 12 Economics Board Paper 2024 consists of 20 Multiple Choice Questions (MCQs) worth one mark each. It also includes four 3-mark Quick Answer Questions to be answered in 60 to 80 words, six 4-mark Short Answer Questions to be answered in 80 to 100 words, and four 6-mark Long Answer Questions to be answered in 100 to 150 words.
Does Solving the economics Sample papers impact the Class 12 board exam?
Practicing sample papers significantly impacts students' performance as it allows them to gauge their current exam readiness and pinpoint areas needing improvement. This helps them focus on weaknesses and enhance their overall performance in the board exam.
