List of top Economics Questions on Production Theory asked in CBSE CLASS XII

“Real Gross Domestic Product (GDP) is a better indicator of economic growth of a nation as compared to the Nominal Gross Domestic Product (GDP).”
Do you agree with the given statement? Justify your answer with a valid hypothetical numerical example.
Discuss any two factors that lead to stagnating Indian agriculture sector during British rule.
“The Government of India has taken various measures to align the agricultural marketing system with the growing production activities in rural areas.”
Do you agree with the given statement? Give any two valid reasons in support of your answer.
Define externalities.
Reserve Bank of India undertakes the important function of managing the government’s banking transactions.
Discuss the above-stated function performed by the Reserve Bank of India.
Explain the consequences of one-child policy adopted by China in the 1970s.
Elaborate the reasons owing to which the private sector was regulated under the Industrial Policy Resolution, 1956.
Disinvestment receipts from the sale of a government company.
Justify the following statements with valid arguments: Money serves as a ‘store of value’ in an economy. The Central Bank acts as ‘Government’s Bank’ in an economy. (a) Money serves as a ‘store of value’ in an economy.
(a)(ii) Worker–population ratio is an indicator, used for analyzing the employment situation in a nation.
State and elaborate whether the statement is true or false, with valid arguments.
(a) “United Nations Department of Economic and Social Affairs indicated that India has overtaken China as the world’s most populous country in the month of April 2023.”
Explain the consequences of the one-child policy adopted by China in the 1970s.

Study the following chart carefully and analyse the changing trends in the government expenditure on: 
(I) Agriculture and Allied Activities 
(II) Transport