CBSE Class 12 Economics Syllabus 2023-24 Study Material

CBSE Class 12 Economics Syllabus

• The main focus of the CBSE Class 12 Economics syllabus is on understanding micro and macroeconomic concepts, including development, growth, and international trade.

Foreign Exchange Rate

• 'Managed floating' refers to a system where the exchange rate is determined by the market forces, but the central bank intervenes occasionally to influence the exchange rate.

Balance of Payments Account

• The balance of payments account includes the record of a country's international transactions, including exports, imports, and other invisible transactions.

Demand- Supply Imbalance

• To correct problems of excess demand, measures such as reduction in government expenditure, increase in taxes, and sale of securities are used.
• To correct problems of deficient demand, measures such as increase in government expenditure, decrease in taxes, and purchase of securities are used.

Government Budget and Economy

• The focus of the CBSE Class 12 Economics syllabus in relation to government budget and the economy is on understanding the budget as an instrument of economic policy, including its impact on the economy.

Central Bank

• The main function of the Central Bank is to regulate the money supply, maintain price stability, and ensure financial stability.

Reserve Bank of India

• The primary goal of the Reserve Bank of India is to maintain price stability, regulate the money supply, and ensure financial stability.

Demonetization

• The main objective of demonetization is to reduce the circulation of counterfeit currency, reduce the black money supply, and curtail terror financing.

Economic Development and Environment

• Economic development can have negative impacts on the environment, including resource depletion, pollution, and climate change.

Human Capital Formation

• The education sector plays a crucial role in human capital formation by providing skilled and trained manpower.