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Free Practice Questions for RBSE SS Economics

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Exam Review

Key Facts: RBSE SS Economics Exam

010

RBSE subject code for Economics

RBSE 2026 subject-wise statistics

Theory 80 + Sessional 20

Typical full marks / assessment pattern

RBSE syllabus examination scheme

3 h 15 m

Typical theory paper duration (where applicable)

RBSE Class 12 / Praveshika schemes

33%

Common minimum pass threshold under RBSE regulations

RBSE examination regulations (confirm circular)

2026

Main examination cycle evidenced in official subject-wise statistics

rajeduboard.rajasthan.gov.in/statistics2026.htm

MCQ study aid

Local bank adapts knowledge to four-option MCQs; official paper is mixed/performance format

OpenExamPrep assessment-format policy

RBSE Senior Secondary (Class 12) Economics (code 010): Theory 80 + Sessional 20 = 100; 3 hours 15 minutes (theory paper). Pass about 33% per RBSE rules (confirm circular). Fee as per board notification. Free English MCQ study aid — not a full official-format simulation.

Sample RBSE SS Economics Practice Questions

Try these sample questions to review concepts for the RBSE SS Economics exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Gross Domestic Product (GDP) is defined as the market value of:
A.All intermediate goods produced within a year
B.Final goods and services produced within the domestic territory in an accounting year
C.Only goods sold to foreign buyers
D.Government transfer payments during a year
Explanation: GDP measures the market value of all final goods and services produced within a country's domestic territory in an accounting year. Intermediate goods are excluded to avoid double counting; pure transfers are not production.
2Which of the following is a stock variable?
A.National income of India for 2025-26
B.Capital stock of a firm on 31 March
C.Exports during a financial year
D.Household consumption over a quarter
Explanation: A stock is measured at a point in time. Capital stock on a given date is a stock; income, exports, and consumption measured over a period are flows.
3Net Factor Income from Abroad (NFIA) equals:
A.Exports minus imports of goods only
B.Factor income received from abroad minus factor income paid to abroad
C.Gross domestic capital formation only
D.Indirect taxes minus subsidies
Explanation: NFIA is factor income earned by residents from abroad less factor income paid to non-residents for factor services used domestically. It links GDP-related aggregates to GNP/NNP.
4GNP at market price equals:
A.GDPMP minus NFIA
B.GDPMP plus NFIA
C.NDPMP plus depreciation
D.NNPFC plus depreciation
Explanation: GNPMP = GDPMP + NFIA. Adding net factor income from abroad converts a domestic product measure into a national product measure at market prices.
5If GDPMP = ₹2,000 crore, depreciation = ₹200 crore, net indirect taxes = ₹150 crore, and NFIA = ₹50 crore, then NNPFC is:
A.₹1,700 crore
B.₹1,650 crore
C.₹1,600 crore
D.₹2,000 crore
Explanation: NNPFC = GDPMP - depreciation - net indirect taxes + NFIA = 2,000 - 200 - 150 + 50 = ₹1,700 crore. Depreciation converts gross to net; removing net indirect taxes moves to factor cost; NFIA converts domestic to national.
6Double counting in national income estimation is best avoided by:
A.Adding the value of all intermediate goods twice
B.Using only the value of final goods or the value-added method
C.Including pure transfer payments twice
D.Counting second-hand sales of goods at full price
Explanation: Counting intermediate and final values of the same output inflates GDP. Using final-goods only, or summing value added at each stage, avoids double counting.
7Real GDP differs from nominal GDP primarily because real GDP:
A.Includes intermediate goods while nominal GDP does not
B.Is measured at constant prices of a base year
C.Excludes government services
D.Always equals GNP
Explanation: Nominal GDP values output at current prices; real GDP values the same physical output at constant base-year prices, isolating quantity changes from pure price changes.
8If nominal GDP is ₹1,500 crore and real GDP is ₹1,250 crore, the GDP deflator is:
A.83.3
B.120
C.250
D.20
Explanation: GDP deflator = (Nominal GDP / Real GDP) x 100 = (1,500 / 1,250) x 100 = 120. A value above 100 means the current price level is higher than the base year.
9Which of the following is NOT included in GDP as usually estimated?
A.Imputed rent of owner-occupied houses where the method includes it
B.Value of intermediate steel used to make cars when cars are already counted as final goods
C.Government purchase of newly built school buildings
D.Market value of a newly produced machine sold to a firm for investment
Explanation: Intermediate steel is absorbed into the final car's value. Counting both intermediate and final values would double count. Investment goods and government final purchases are included.
10Transfer payments are excluded from national income because they:
A.Are always paid in foreign currency
B.Do not correspond to current production of goods and services
C.Are never recorded in government accounts
D.Always reduce the GDP deflator
Explanation: Pensions, scholarships, and similar transfers redistribute income without adding to current output, so they are excluded from national income aggregates that measure production.

About the RBSE SS Economics Exam

The Rajasthan RBSE Senior Secondary (Class 12) Economics examination (subject code 010) is conducted by the Board of Secondary Education, Rajasthan (RBSE), Ajmer. Official 2026 subject-wise main-examination statistics list this paper among assessed subjects (ARTS/COMMERCE 2026 stats: 010 ECONOMICS). Scheme commonly Theory 80 + Sessional 20 = 100. Official delivery commonly English/Hindi. The official assessment is mixed written and/or practical/performance format, not pure multiple-choice. The 100 questions on this page are an English-language MCQ study adaptation for concept drills and self-assessment — not an official translation, format simulation, or substitute for writing, practical, project, or performance practice. Aligned to RBSE syllabus materials on rajeduboard.rajasthan.gov.in (Class 12: 12_2026.pdf; Praveshika path materials as applicable).

Exam sponsor: Board of Secondary Education, Rajasthan (RBSE). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Official RBSE mixed written theory paper (objective, short, and long constructed-response items as per subject design) with Theory 80 + Sessional 20 = 100 full marks, duration 3 hours 15 minutes. Local bank: English-language four-option MCQ study adaptation with explanations — not a full mixed-paper simulation or official-format substitute. Subject code 010. ARTS/COMMERCE 2026 stats: 010 ECONOMICS.

Time Limit

3 hours 15 minutes (theory paper)

Passing Score

Minimum 33% marks in the subject as per RBSE examination regulations (confirm current session circulars). Where theory and practical are separate, candidates must pass each component as required by the subject scheme.

Exam / Certification Fees

As per RBSE annual examination fee notification for school/private candidates (Senior Secondary / Class 12 full board form fee is notified each cycle on rajeduboard.rajasthan.gov.in — confirm the current circular; subject papers are not separately priced on the statistics page)

Exam sponsor website

Reported exam pass rate: See RBSE subject-wise statistics for the current cycle on statistics2026.htm.. This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

40%

Introductory Macroeconomics

National income, money, banking, government budget, open economy.

40%

Indian Economic Development

Development experience, reforms, growth, employment, sustainable development.

10%

Statistics/Application Concepts

Interpretation of economic indicators and graphs.

10%

Policy Judgment

Policy goals, trade-offs, and contemporary economic issues at Class 12 depth.

Preparing for the RBSE SS Economics Exam

What You Need to Know

  • Passing score: Minimum 33% marks in the subject as per RBSE examination regulations (confirm current session circulars). Where theory and practical are separate, candidates must pass each component as required by the subject scheme.
  • Assessment: Official RBSE mixed written theory paper (objective, short, and long constructed-response items as per subject design) with Theory 80 + Sessional 20 = 100 full marks, duration 3 hours 15 minutes. Local bank: English-language four-option MCQ study adaptation with explanations — not a full mixed-paper simulation or official-format substitute. Subject code 010. ARTS/COMMERCE 2026 stats: 010 ECONOMICS.
  • Time limit: 3 hours 15 minutes (theory paper)
  • Exam / certification fees: As per RBSE annual examination fee notification for school/private candidates (Senior Secondary / Class 12 full board form fee is notified each cycle on rajeduboard.rajasthan.gov.in — confirm the current circular; subject papers are not separately priced on the statistics page) Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

RBSE SS Economics: Suggested Study Strategy

1Map every practice session to the official RBSE Economics unit list, not only popular coaching lists.
2After MCQ drills, write full answers from RBSE-style model papers under timed conditions.
3Verify facts (dates, formulas, definitions) against NCERT/RBSE prescribed books before trusting any third-party summary.
4Track weak categories and re-attempt missed items after 48 hours.
5For languages, literature, music, drawing, typewriting, and shorthand, MCQs support theory—still complete official skill practice.

Frequently Asked Questions

Is the official RBSE Senior Secondary (Class 12) Economics exam multiple-choice only?

No. Official RBSE papers mix objective and constructed-response tasks and may include practical/performance components. The 100 questions here are an English-language MCQ study adaptation for concept practice only.

What are full marks and duration for RBSE Economics?

Common scheme: Theory 80 + Sessional 20 = 100; 3 hours 15 minutes (theory paper). Confirm the exact scheme for code 010 in the current RBSE syllabus PDF on rajeduboard.rajasthan.gov.in.

What is the passing score?

Minimum 33% marks in the subject as per RBSE examination regulations (confirm current session circulars). Where theory and practical are separate, candidates must pass each component as required by the subject scheme.

How much does the exam cost?

As per RBSE annual examination fee notification for school/private candidates (Senior Secondary / Class 12 full board form fee is notified each cycle on rajeduboard.rajasthan.gov.in — confirm the current circular; subject papers are not separately priced on the statistics page).

Where are official statistics and syllabus?

Subject-wise 2026 result statistics and board materials are published by RBSE at https://rajeduboard.rajasthan.gov.in/statistics2026.htm and syllabus PDFs under anudeshika / books sections of https://rajeduboard.rajasthan.gov.in. Prefer primary board PDFs over third-party summaries.

Is this bank an official RBSE translation?

No. OpenExamPrep publishes one English-language practice bank per exam ID. Target-language terms and texts may appear when they are integral to the skill, but stems, explanations, and SEO copy are English study adaptations — not official translations or language-environment simulations.

How should I use MCQs for a mixed written/practical paper?

Use MCQs for daily concept drills and self-check. Also practise full written answers from RBSE model papers under timed conditions and complete required practicals, projects, or performances.