The UP Board Class 12 Economics 2026 question paper with solutions (Set 329 DG) is available here for free download. UP Board Class 12 Economics 2026 was conducted by the Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP), as a 100-mark paper of 25 compulsory questions to be solved in 3 hours 15 minutes.
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UP Board Class 12 Economics 2026 (Set 329 DG) Questions with Solutions
How does Robbins define Economics?
Inventory is a .......... concept whereas the change in inventory is a .......... concept.
The consumption function curve is
Which of the following makes a financial institution a bank?
Decrease in Cash Reserve Ratio will lead to
The shape of average revenue curve in monopoly is
Fiscal deficit in a government budget refers to
Steps taken through the government budget can influence
When exchange rate in terms of domestic currency rises
Balance of trade equals
Distinguish between Micro-economics and Macro-economics.
What do you mean by substitute goods? Give examples of two goods which are substitutes of each other.
Why is the budget line downward sloping? Explain.
What is the difference between planned and unplanned inventory accumulation? Explain.
Explain the components of money supply.
General public are not allowed to open accounts in the central bank. Does it mean that the central bank does not perform any commercial banking activity? Explain.
The Marginal Rate of Substitution (MRS) between perfectly substitute goods remains constant. Explain with diagram.
The following table shows the Total Cost Schedule of a firm. Calculate Total Fixed Cost, Total Variable Cost, Average Variable Cost, Average Cost and Marginal Cost:
Q: 0, 1, 2, 3, 4, 5, 6
Total Cost: 10, 30, 45, 55, 70, 90, 120
Write down any three identities of calculating the gross domestic product of a country by the three methods of estimating national income.
Write the relationship between the revenue deficit and the fiscal deficit. Are fiscal deficits inflationary?
What are official reserve transactions? Explain their importance in the balance of payments.
Describe Total Revenue, Average Revenue and Marginal Revenue.
What are the different types of costs (fixed, variable, total, average, marginal) and how are they related? Explain with the help of diagrams.
What do you understand by market supply? Describe the determinant elements of supply.
What is consumer's equilibrium? Explain the conditions for achieving consumer's equilibrium using the concept of indifference curves and budget lines. Illustrate with a diagram.
Explain six factors that affect market demand for a commodity.
What is deficient demand in an economy? Explain the measures to control it.
Write the meaning of full employment. Mention the factors responsible for full employment.
UP Board Class 12 Economics 2026 Exam Pattern and Marking Scheme Explained
UPMSP set this paper (Set 329 DG) as 25 compulsory questions of rising difficulty, with the last three long-answer questions offering an internal choice.
- Total questions: 25, split into 10 one-mark MCQs (Q1-Q10), 6 very-short-answer questions of 4 marks each (Q11-Q16, 50 words), 6 short-answer questions of 6 marks each (Q17-Q22, 150 words), and 3 long-answer questions of 10 marks each with a choice (Q23-Q25, 300 words)
- Total marks: 100
- Duration: 3 hours 15 minutes
- Question types: objective (MCQ), very-short and short descriptive answers, and long-answer essays
- Internal choice: Q23, Q24 and Q25 (10 marks each, 30 marks total) each let you attempt one of two alternative questions
High-Weightage Topics in UP Board Class 12 Economics 2026 to Focus On First
Based on this paper's actual question distribution across Q1-Q22 (70 of the 100 marks, before the internal-choice long-answer questions), a few chapters clearly dominate.
- Consumer Theory: 14 of 70 marks - the single biggest chapter, spanning MCQs and short-answer questions
- Microeconomics: 13 of 70 marks - revenue concepts and market-supply questions
- Macroeconomics: 11 of 70 marks - national income and GDP calculation questions
- Money and Banking: 10 of 70 marks - MCQs and short-answer questions
The remaining 30 marks (Q23-Q25) let you choose between long-answer questions on Microeconomics, Consumer Theory, and Income and Employment - practise all of them, since you only find out which alternative suits you better once you read the actual questions.
UP Board Class 12 Economics Question Paper Analysis Video
Source: Gyansindhu Coaching Classes
How to Use the UP Board Economics Question Paper for Practice
Treat this Set 329 DG paper as a timed mock before you check the solutions.
- Attempt all 25 questions in 3 hours 15 minutes under exam conditions first
- For Q23, Q24 and Q25, practise both alternatives of the internal choice, not just the one you'd normally pick
- Keep to the prescribed word limits - 50 words for very-short answers, 150 for short answers, and 300 for long answers
- Review each answer against the step-by-step solution PDF, not just the final answer
UP Board Class 12 Economics Student Reactions 2026
- Reactions to this paper were mixed - some students called it straightforward given the direct definitional MCQs, while others found the diagram-based long-answer questions time-consuming within the word limit
UP Board Class 12 Economics 2026 Question Paper FAQs
Ques. How many questions are there in the UP Board Class 12 Economics 2026 paper, and is there any choice?
Ans. The paper has 25 compulsory questions worth 100 marks. The last three questions, Q23, Q24 and Q25 (10 marks each), each give you a choice between two alternative long-answer questions - you only need to attempt one from each pair.
Ques. What is the marking scheme for UP Board Class 12 Economics 2026?
Ans. The paper carries 100 marks across 25 questions in 3 hours 15 minutes: 10 one-mark MCQs, 6 very-short-answer questions of 4 marks each, 6 short-answer questions of 6 marks each, and 3 long-answer questions of 10 marks each with internal choice.
Ques. Which topics had the highest weightage in UP Board Class 12 Economics 2026 Set 329 DG?
Ans. Based on this paper's actual questions, Consumer Theory (14 of the first 70 marks) was the biggest chapter, followed by Microeconomics (13 marks) and Macroeconomics (11 marks). The paper's final 30 marks let you choose between Microeconomics, Consumer Theory, and Income and Employment.
Ques. What are the word limits for answers in UP Board Class 12 Economics 2026?
Ans. Very-short-answer questions (Q11-Q16) need about 50 words each, short-answer questions (Q17-Q22) need about 150 words each, and long-answer questions (Q23-Q25) need about 300 words each.
Ques. Where can I download the UP Board Class 12 Economics 2026 question paper with solutions PDF for free?
Ans. You can download both the question paper and the full step-by-step solutions PDF for Set 329 DG from the table at the top of this page, for free.
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