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How to prepare for the Class 12 Economics board exam?

Board years are a distressing period for the students. All the subjects demand consistent efforts and practice. 24 hours of the day start to feel shorter. Every minute procrastinated can become regrets for later. The daily grind and competitions of life all commence from here. Therefore, put steady energy from the beginning to clear school with flying colors.

Economics is a subject that requires an in-depth understanding and definitive grasp of the concepts. Students try to cram up the definitions and that does not help in gaining excellent marks. It is essential to focus on the theory, numerical problems, and graphs individually. The wide range of syllabus makes the students wonder where to study from and how to tackle each topic.

Every minute of training can make a difference in this subject. Hence, make an orderly schedule and formulate a plan that includes the following points to prepare Economics for Class 12 board exams:

Read your NCERT textbook

NCERT for Economics (Class 12) has the course along with additional study materials all in one book. Do not waste your time and efforts skimming through reference books. Time is chief in your exam groundwork.

The NCERT textbooks prescribed by CBSE cover the whole syllabus. Reading the chapters helps in understanding the reasoning behind the concepts. Logical perception of topics simplifies memorizing the definitions. There are direct questions for the definitions meaning you get full marks when you write them with thorough comprehension.

Solving the exercises

The exercises at the end of each chapter in the textbooks are the most effective way to practice. Also, pay more attention to NCERT important questions in economics in Class 12. These questions are repeated in exams through the years and cover imperative parts of the course.

Solve sample papers

You can solve sample papers and previous years’ papers to recognize the variety of questions. This will get you in the habit of writing all sorts of answers. Use these question papers to train yourself in time management. Try to finish one paper each day within the time provided for the exam. You will be able to finish the exam in time with 15-20 minutes to revise with such arrangement. Evaluate and score your answer so you can know your progress.

Regular practice of graphs and numerical problems

Theory in economics is supported by graphs, tabulated representations, formulas, and numerical problems.

  • Graphs: It is essential to draw graphs for the answers that require an illustration of curves. Practice graphs from one chapter daily so you can represent the shapes and label the graphs accurately.
  • Tables: Write the answers for ‘differences between’ types of questions in a tabular form along with the basis of distinction.
  • Formulas: Learning the formulas becomes easier when you perceive the derivations. If you mug up the exact formals, you may not remember them.
  • Numerical problems: Daily practice of a few numerical problems is a must. They are a valuable part of both macro and microeconomics. It will improve your proficiency in numerical solving and help you attain full marks in the section.

Writing answers

You must practice writing the answers in the model way; meaning you write answers according to what is asked. You can refer to NCERT Solutions for guidance. The solutions provide ideal answers for each question. You can compare your answers with the ones in the solutions to keep tabs on the points you miss out on in your answers. This will enhance your writing skills and prepare you to answer accurately in the exam.

While writing the answer, take a note of the marks allotted to the question. You only have to write 2-3 lines in 2 marks questions while the long questions ask you to mention features and more details. You also have to back the long questions with labeled graphs or tabulated data.


It is beneficial if you make your chapter-wise notes. You can fathom the topics you find challenging and flag them for later. Personalized notes help you recall the material sooner at the time of revision.

Not all chapters have a lot of important points. Hence, you can make a small gist of such chapters, so you do not leave them untouched but you also do not have to dedicate a lot of time to them.


Revision is your key to success. Design a schedule to revise the previously learned chapters while studying. Dedicate more time to the chapters and topics you have marked in your notes. Skim through your practice registers, notes, and formula sheets while revising. Clear all the leftover doubts during this time This will polish your knowledge and make you exam-ready.

It is very crucial to renew and re-examine yourself before the exam. It will bolster in retaining the parts of the course you have studied well. Even if you cannot learn anything new, you will have perfected everything learned.

Some Important topics

  • Microeconomics:

Consumer’s Equilibrium and Demand: Definitions, graph plotting with labeling, formulas, tables, and factors.

Producer Behavior and Supply: Definitions, labeled graphical representations, formulas, tabular data, and factors.

Forms of Market and Price Determination: Definitions and determinants.

  • Macroeconomics:

National Income and Related Aggregates: Definitions, components, formulas with derivation, and numerical problems.

Economic Models: Descriptions and models.

Determination of Income and Employment: Definitions, components, formulas, and numerical problems.

The Economics exam in Class 12 has both qualitative and quantitative questions. Remember to study accordingly. Focus essentially on understanding the subject rather than cramming everything. Perfect the graphs and their labeling. Pay attention to your class. Prepare with the reference of the exam outline. Review the extended topics for all the big topics.

A foundation in Economics is good for any finance-related career. Since board examination marks relate to your career, it is important to prepare well and score good marks. Follow the preparation strategies mentioned above. Divide your time between all your subjects. Work in a regulated manner to achieve your aimed score in your examinations.

Abubakar is a writer and digital marketing expert. Who has founded multiple blogs and successful businesses in the fields of digital marketing, software development. A full-service digital media agency that partners with clients to boost their business outcomes.

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