Class 12Subject Code: 030Year: 202534 Questions Available

CBSE Class 12 Economics 2025 — QuizCluster Solutions

Comprehensive question-by-question independently authored solutions for CBSE Class 12 Economics Board Examination (2025). Questions are referenced directly to the official CBSE Question Paper.

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Official Source & AttributionSource of question paper: Central Board of Secondary Education (CBSE)

Solutions and conceptual explanations are independently prepared by QuizCluster. QuizCluster is an independent educational platform and is not affiliated with, endorsed by, or sponsored by the Central Board of Secondary Education (CBSE). Official question papers are accessed via direct external links to official CBSE repositories and are never hosted or mirrored on QuizCluster.

Question Index

Q1 of 34

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National Income and Related Aggregates: National Income Accounting & GDP Deflator

Section A•1 Marks•Chapter: National Income and Related Aggregates

Easy

Question 1 — Problem Statement (Synopsis)

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Calculate (a) Gross Domestic Product at Market Price (GDP_MP) and (b) National Income (NNP_FC) from: Private Final Consumption Expenditure = ₹8,000 Cr, Govt Final Consumption = ₹3,000 Cr, Gross Domestic Capital Formation = ₹2,500 Cr, Net Exports = -₹200 Cr, NFIA = -₹150 Cr, Depreciation = ₹600 Cr, Net Indirect Taxes = ₹950 Cr.

See Question 1 in official CBSE Class Economics Question Paper (2025)

QuizCluster Step-by-Step Solution

Step 1: Calculate GDP_MP via Expenditure Method

GDP_MP = Private Final Consumption (C) + Govt Final Consumption (G) + Gross Capital Formation (I) + Net Exports (X - M) = 8000 + 3000 + 2500 + (-200) = ₹13,300 Crores.

Step 2: Derive National Income (NNP_FC)

NNP_FC = GDP_MP - Consumption of Fixed Capital (Depreciation) + NFIA - Net Indirect Taxes (NIT) = 13300 - 600 + (-150) - 950 = 13300 - 1700 = ₹11,600 Crores.

Final Answer

(a) GDP_MP = ₹13,300 Crores | (b) National Income (NNP_FC) = ₹11,600 Crores

Key Formulas & Mathematical Laws

GDP_MP = C + G + I + (X - M)
NNP_FC = GDP_MP - Depreciation + NFIA - NIT

Important Core Concept

Gross to Net requires subtracting Depreciation; Domestic to National requires adding NFIA; Market Price to Factor Cost requires subtracting Net Indirect Taxes.

Common Student Pitfall

Adding Net Indirect Taxes instead of subtracting when converting MP to FC.

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Question 1 of 34

Source of question paper: Central Board of Secondary Education (CBSE). QuizCluster provides independently prepared educational solutions and explanations. QuizCluster is an independent educational platform and is not affiliated with or endorsed by CBSE. Question papers are accessed through links to official CBSE resources and are not hosted by QuizCluster.