CBSE Class 12 Economics NCERT Solutions 2021

CBSE Class 12 Economics NCERT Solutions: NCERT Solutions for the Economics subject for the Class 12 board can be a great study material for students who aspire to get higher grades in the examinations. Experts with extensive knowledge of the subject have designed CBSE Class 12 Economics NCERT Solutions. They are aware of how students must answer questions, and so, they provide insights on how to craft them. Read the complete article to find complete NCERT Solutions for Class 12th Economics!

CBSE Class 12 Economics NCERT Solutions | Chapter-Wise NCERT Solutions

CBSE Class 12 Economics NCERT Solutions are meant exclusively for students studying under the CBSE Economics syllabus. There are two solution books that NCERT offers.

Download Chapter-wise CBSE Class 12 Economics NCERT Solutions PDFs

The table below shows the chapter-wise arrangement of the different concepts in both the books, the Indian economy, and Statistics for Economics. It also has download links to the chapters.

The first one talks about the development of the Indian economy, while the second book is statistics for economics. Also, the first solutions book, that is, Indian Economics and its Development, consists of ten chapters. And statistics for economics has eight chapters.

Here you can download CBSE 12th Economics NCERT Solutions PDF:

Download CBSE Class 12 Economics NCERT Solutions

Chapter-wise Summary of Class 12 Economics

The CBSE Class 12 Economics NCERT Solutions syllabus is primarily divided into two major parts – Microeconomics and Macroeconomics.

While the former deals with individuals and their economic issues, the latter studies the behavior of large-scale economic factors like that of Government and National productivity.

Class 12 Economics Part I

Chapter 1: Introduction to Economics

The first chapter of CBSE Class 12 Economics NCERT Solutions provides a solution on introductory of Economics and its allied concepts like the scope of it, reasons for economic problems, etc. 

Chapter 2: Consumer Equilibrium

This chapter of Economics 12th PDF solution deals with concepts like budget line, budget set, the downward sloping of the budget line, and others.

Chapter 3: Demand

The third chapter of CBSE Class 12 Economics NCERT Solutions contains solutions to several numerical problems and topics like market demand, the law of demand, change of demand, etc.

Chapter 4: Elasticity of Demand

Just like the previous chapter, this one also gives solutions on an account of concepts such as elasticity of demand, inelastic demand, and related sums.

Chapter 5: Production

The fifth chapter focuses on the production function, total and average of the product of an input, marginal product of input, and others.

Chapter 6: Cost

From this chapter, students will get to learn about different types of cost like total cost, variable cost as well as cost function solutions with proper explanation.

Chapter 7: Supply

This chapter further elaborates how different aspects like technological progress, increased price of input affects a supply curve of a business organization.

Chapter 8: Revenue

From this chapter of Economics Numericals for Class 12 CBSE PDF students will get to know about different kinds of revenue and how that influences a firm.

Chapter 9: Producer Equilibrium

The ninth chapter of CBSE Class 12 Economics NCERT Solutions explains solutions on how producer equilibrium is attained through some effective measures like an MR/MC approach and so on.

Chapter 10: Perfect Competition

Starting from defining a good market and different forms of the market to homogeneous products, all are part of this chapter.

Chapter 11: Non – Competitive Market

This chapter gives a detailed explanation of monopolistic competition, its association with zero profit and similar concepts.

Chapter 12: Market Equilibrium and Simple Application

The concluding chapter of Economics Class 12 provides conceptual insights into the equilibrium price of a commodity and its representations through supply and demand graphs and others.

 Class 12 Economics Part II

Chapter 1: Introduction to Macro Economics and Its Concepts

The first chapter of Economics Class 12 MacroEconomics gives an account of the Great Depression of 1929, features of a capitalist economy, etc.

Chapter 2: National Income and Related Aggregates

This chapter of CBSE Class 12 Economics NCERT Solutions discusses solutions on concepts like factor payment, planned and unplanned inventory accumulation, etc.

Chapter 3: Money

The third chapter of the 12th Commerce Economics textbook solutions deals with the importance of money and other concepts like a Barter system, money supply, transaction demand and so on.

Chapter 4: Banking

This chapter of CBSE Class 12 Economics highlights the functions of commercial banks, delimitation of money multipliers, etc.

Chapter 5: Aggregate Demand and Its Related Concepts

In this chapter, topics like Aggregate demand and supply, the consumption function, etc. are discussed.

Chapter 6: National Income Determination and Multiplier

Moving to the next chapter of Class 12 Economics, it deals with “Paradox of Thrift”, Effective Demand, and other numerical problems related to these concepts.

Chapter 7: Excess Demand and Deficient Demand

Concepts like excess demand, inflationary gap, full employment, etc. are discussed in this chapter of CBSE Class 12 Economics NCERT Solutions.

Chapter 8: Government Budget and Economy

This chapter points out the difference between capital expenditure, revenue expenditure, fiscal deficit, etc.

Chapter 9: Foreign Exchange Rate

In this chapter, different aspects of foreign exchange like its system, rates, risk, etc. are elaborated.

Chapter 10: Balance of Payment

The concluding chapter of Economics Class 12 defines topics like balance of trade, visible and invisible items, and other related ones with minute detail.

Highly Important Links For CBSE Class 12 Economics

Advantages of CBSE Class 12 Economics NCERT Solutions

NCERT solutions come with a host of advantages for students of CBSE Class 12. For instance, the books have comprehensive solutions for all the possible questions that may appear in the examinations. Given below are a few benefits for students who depend on NCERT solutions.

      1. Clarity and Conciseness

All the concepts are explained in detail clearly and concisely so that students do not get confused.

      1. Solutions to Problems

Answers to questions and solutions to problems are in an easy to understand form.

      1. Accessibility

You can get NCERT solutions for Economics for Class 12 under the CBSE syllabus in the downloadable PDF format. So, this means you can download them for free and start preparing for the exams.

      1. Syllabus-wise Questions

The creators of the NCERT solution books always keep in mind the syllabus when preparing the questions. So, by practicing them, students can get higher grades in their examinations.

Make sure that you refer to the CBSE solution books for Economics, brought to you by NCERT when study.

We have covered the detailed guide on Class 12 Economics NCERT Solutions. Feel free to ask any questions in the comment section below.

FAQs- NCERT Solutions for CBSE Class 12 Economics

How many parts are there in CBSE 12th Economics NCERT Solutions?

NCERT Solutions of Economics for CBSE class 12 has two parts. 

How can I download the NCERT Solutions for Class 12 Economics?

Go through the above blog to download the NCERT Solutions for Class 12 Economics.

Is the NCERT Economics textbook enough for Class 12 exam preparation?

Yes, the NCERT Economics textbook is sufficient to pass Class 12. Students can also refer to other textbooks if they are aiming for good marks and preparation for NEET and IIT JEE exams.

What is the basic importance Of Solving 12th Economics NCERT Solutions?

Going through NCERT solutions for Economics will help you to grasp the concepts in a better way and enable you to become proficient in the subject. 

What are the benefits of CBSE Class 12 Economics NCERT Solutions?

Read the above article for the benefits of using Class 12 CBSE Economics NCERT Solution.

Which is the best NCERT solutions book for Class 12 Economics?

The best NCERT Solutions for Class 12 Economics is MBD NCERT Solutions Economics For Class-12.

How to prepare with CBSE Class 12 Economics NCERT Solutions?

Economics for CBSE class 12 is vast and varied and forms the core foundational knowledge required for pursuing higher education in the field. So, you should learn all the concepts properly with the help of solutions, books, and other such reference materials from NCERT.

Is T S Grewal Solutions Economics For Class – XII Economics useful for the students?

Yes, T S Grewal Solutions Economics For class 12 students is very useful.

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