ISC 2025 Economics Question Paper for Class 12

About this paper

This is the ISC Class 12 Economics paper from the 2025 board examination, code 1225-856. It carries 80 marks and runs for three hours, with fifteen minutes extra for reading only. All thirteen questions are compulsory. Section A has sixteen one-mark parts. Section B has eight questions of four marks each, with an internal choice in Questions 5 and 7. Section C has four questions of eight marks each, with an internal choice in Question 12. Question 13 is a passage on the Pradhan Mantri Ujjwala Yojana and the market for LPG. Elsewhere the paper asks about a budget line, the marginal utility of mangoes, measures of money supply, a degressive tax and a bank deposit that multiplies the money supply. This copy has the questions only.

Exam

ISC Class 12

Subject

Economics

Year

2025

Paper code

1225-856

Maximum marks

80

Time allowed

3 hours + 15 min reading

Questions

13

Pages

12

Answers included

No, questions only

Paper pattern

• Section A

  16 marks

  Question 1: sixteen very short parts, one mark each

• Section B

  32 marks

  Questions 2–9, four marks each; internal choice in Questions 5 and 7

• Section C

  32 marks

  Questions 10–13, eight marks each; internal choice in Question 12. Question 13 is a passage on the Ujjwala scheme

Topics covered

• Budget line and indifference analysis
• Utility
• Law of variable proportions
• Costs and firm equilibrium
• Market forms
• Money supply and credit
• Taxation
• Balance of payments
• Government budget
• National income
• Investment multiplier
• Oligopoly

Questions from this paper

1. Abhinav’s total utility is 11 utils from 4 mangoes and 9 utils from 6 mangoes. What is his marginal utility from the 6th mango?
2. Amit withdrew ₹50,000 from his savings to invest in his own business and bought a Xerox machine for ₹30,000. Identify the explicit cost and the implicit cost.
3. What is meant by primary deficit?
4. When the price of potato chips falls from ₹40 to ₹20 per unit, demand increases by 20 units. If the price elasticity of demand is (−)0.5, calculate the quantity demanded at ₹20.
5. Aditi deposits ₹1,000 in a bank and the money supply rises by ₹4,000. Name and explain the process behind this increase.
6. Identify the market form in the passage on LPG under the Pradhan Mantri Ujjwala Yojana, and name any two industries of the same form.