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CBSE Class 12 Economics

Class 12 · CBSEEconomics996 cards

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Flashcards for CBSE Class 12 Economics (030), split into Part A Introductory Macroeconomics and Part B Indian Economic Development, then by unit in the curriculum's order. Covers definitions, national income methods with worked examples, money and banking, the multiplier, the budget, the balance of payments and India's development.

Adding it gives you your own copy, with every subdeck below. Each card then comes back just before you would forget it, and every one you get right or wrong counts towards your mastery of its topic. You can delete or suspend the parts you are not studying once it is yours.

What is inside (30 subdecks)

  • Part A Introductory Macroeconomics594 cards
    • Unit 1 National Income and Related Aggregates156 cards
      • 1.1 Basic concepts54 cards
      • 1.2 Circular flow and methods of calculating national income54 cards
      • 1.3 National income aggregates, real and nominal GDP, and welfare48 cards
    • Unit 2 Money and Banking116 cards
      • 2.1 Money and its supply37 cards
      • 2.2 Commercial banks and money creation26 cards
      • 2.3 The central bank and the Reserve Bank of India53 cards
    • Unit 3 Determination of Income and Employment128 cards
      • 3.1 Aggregate demand, consumption and saving54 cards
      • 3.2 Equilibrium output and the investment multiplier35 cards
      • 3.3 Full employment, excess demand and deficient demand39 cards
    • Unit 4 Government Budget and the Economy96 cards
      • 4.1 The budget, its objectives and its receipts49 cards
      • 4.2 Expenditure, budget types and deficits47 cards
    • Unit 5 Balance of Payments98 cards
      • 5.1 The balance of payments46 cards
      • 5.2 Foreign exchange rates52 cards
  • Part B Indian Economic Development402 cards
    • Unit 6 Development Experience (1947-90) and Economic Reforms since 1991181 cards
      • 6.1 The economy on the eve of independence, and planning56 cards
      • 6.2 Agriculture, industry and foreign trade, 1947 to 199067 cards
      • 6.3 Economic reforms since 199158 cards
    • Unit 7 Current Challenges Facing the Indian Economy170 cards
      • 7.1 Human capital formation39 cards
      • 7.2 Rural development46 cards
      • 7.3 Employment52 cards
      • 7.4 Sustainable economic development33 cards
    • Unit 8 Development Experience of India: A Comparison with Neighbours51 cards

Some of its cards

  • Worker
    A person who is engaged in an economic activity to earn a living
  • Action for the economic development of the villages, especially their poorer sections
    Rural development
  • Changes in the ownership and tenancy of agricultural land in order to improve the position of the farmers who till it
    Land reforms
  • Which two sectors does the two-sector model of the circular flow of income include?
    Households and firms
  • Balance of payments
    A record of all economic transactions between the residents of a country and the rest of the world in a year
  • The total demand for final goods and services in an economy at a given price level, planned spending by all sectors
    Aggregate demand
  • Money
    Anything generally accepted as a means of payment and in settlement of debts
  • An institution that accepts deposits from the public and lends money to earn interest
    Commercial bank
  • Government budget
    An annual statement of the government's estimated receipts and expenditure for a financial year
  • The total planetary inheritance and the totality of all resources, including all living and non-living things
    Environment

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