Class 12 Economics Answer Key 2023, Question Paper Solutions

Class 12 Economics Answer Key 2023

Class 12 Economics Answer Key 2023: CBSE Class 12 Economics Board Exam was conducted on 17th March 2023. The students who appeared in today’s Economics Exam must be wondering to know the correct answers to the questions asked, then you must read this article to know the complete Class 12 Economics Answer Key 2023 with correct answers discussed by our faculty. The Economics Answer Key is helpful to have a brief idea of how many marks you are going to score in today’s Economics exam. No need to go anywhere else just scroll down the page and check all the correct responses to today’s Economics Class 12 Board Exam.

CBSE Class 12 Economics Answer Key 2023

Till the result is released, check the Economics Answer Key Class 12 to know the accuracy of your answers attempted. You can have a look at the unofficial CBSE Economics Answer Key 2023 from this article as discussed by our faculty.

CBSE Class 12 Economics Questions and Solutions

The correct answers to the questions asked in CBSE Class 12 Economics Question Paper 2023 are discussed below.

Section – A (Macro Economics)

Q1. “Considering the depreciation of Indian Currency (₹) in the international market, the Reserve Bank of India (RBI) has decided to purchase Indian currency (₹) in the open market.” This represents______ exchange rate system

(a) fixed

(b) flexible

(c) managed floating

(d) manipulated

Answer: (b) flexible 

Q2. ‘Money is an asset which can be stored for use in future.”‘

In the light of given statement, identify the function of money.

(Choose the correct alternative)

(a) A measure of value

(b) A standard of deferred payment

(c) A store of value

(d) A medium of Exchange

Answer: (d) A medium of Exchange

Q3. (A) From the statements given in Column I and Column II, choose the correct pair.

Alternatives: (a) A-(i) (b) B-(ii) (c) C-(iii) (d) D-(iv)

Question Paper Code- 58/4/3 (Set- 3)

Question Paper Code- 58/3/2 (Set- 2)

Economics Class 12 Answer Key 2023

Here, our faculty have provided the complete Class 12 Economics Answer Key 2023 here with correct answers one by one. So if are looking for the complete CBSE Economics Answer Key 2023 do check the questions & their answers when updated below.

Class 12 Economics Answer Key 2023 Question Paper

As per the pattern for the Class 12 Economics Board Exam, the exam there were 34 questions divided into four sections. The exam pattern for Economics Exam is as follows-

1. This paper contains 20 Multiple Choice Questions type questions of 1 mark each.

2. This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.

3. This paper contains 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.

4. This paper contains 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.

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