CBSE Class 12 Economics Deleted Syllabus 2021-22 for Term 1 & 2

Class 12 Economics Deleted Syllabus 2021-22

CBSE Deleted Syllabus For Class 12 Economics: Economics subject is one of the main subjects of the Commerce stream. It is a theoretical plus numerical type subject, so it needs more consideration and practice. Class 11 must study thoroughly each and every subject so as to create a strong base for class 12. In order to score high marks in Class 12 students must clear their concepts.

Check New : CBSE Revised Term wise Syllabus for Class 10th and 12th Board Exams 2022

Class 12 Economics Deleted Syllabus 2021-22: Term 1 & Term 2

Due to the Covid-19 situation, no proper school functioning is taking place. There is increasing stress on student’s shoulders and it is very difficult to cover the entire syllabus in online classes. So CBSE has decided to reduce the syllabus by 30% of all classes.

CBSE has considered reducing the syllabus for each class by 30%. For this academic year, the reduced syllabus will be used for preparing questions for board examinations.

Economics Deleted Syllabus for Class 12

The topics which have been deleted are mentioned below. Do check out the table for more information.

Chapter Number Chapter Name Deleted Topics
2 Money and Banking ·         Control of Credit through Bank Rate·          CRR·          SLR·          Repo Rate and Reverse Repo Rate·          Open Market    Operations·          Margin requirement.
5 Balance of Payments ·         Balance of payments deficit-meaning.·         Determination of exchange rate in a free market.
7 Current challenges facing Indian Economy ·         Growth of Education Sector in India alternative farming – organic farming·         Infrastructure

CBSE Economics Complete Syllabus for Class 12

Chapter Number/Unit Name Chapter Name Topics
Introductory Macroeconomics


1 National Income and Related Aggregates


  • What is Macroeconomics?
  • Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment, and depreciation.
  • Circular flow of income (two-sector model); Methods of calculating National Income – Value Added or Product method, Expenditure method, Income method.
  • Aggregates related to National Income:
  • Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product (GDP), and Net Domestic Product (NDP) – at market price, at factor cost; Real and Nominal GDP.
  • GDP and Welfare
2 Money and Banking


  • Money – meaning and supply of money – Currency held by the public and net demand deposits held by commercial banks.
  • Money creation by the commercial banking system.
  • The central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker’s Bank, Control of Credit
3 Determination of Income and Employment


  • Aggregate demand and its components.
  • The propensity to consume and propensity to save (average and marginal). Short-run equilibrium output; investment multiplier and its mechanism. Meaning of full employment and involuntary unemployment.
  • Problems of excess demand and deficient demand; measures to correct them – changes in government spending, taxes, and money supply through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.
4 Government Budget and the Economy


  • Government budget – meaning, objectives, and components.
  • Classification of receipts – revenue receipts and capital receipts; classification of expenditure – revenue expenditure and capital expenditure.
  • Measures of government deficit – revenue deficit, fiscal deficit, primary deficit their meaning.
5 Balance of Payments
  • Balance of payments account – meaning and components;
  • Foreign exchange rate – meaning of fixed and flexible rates and managed to float
Indian Economic Development
6 Development Experience (1947-90) and Economic Reforms since 1991


  • A brief introduction of the state of the Indian economy on the eve of independence. Indian economic system and common goals of Five Year Plans.
  • Main features, problems, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI – role & importance), and foreign trade.
7 Current challenges facing the Indian Economy


  • Poverty
  • Human Capital Formation
  • Rural development
  • Employment
  • Infrastructure
  • Sustainable Economic Development

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CBSE Class 12 Economics Deleted Syllabus 2021-22 for Term 1 & 2: FAQs

1. Is Economics hard in class 12?

No, economics is not hard in Class 12.

2. What is the syllabus of class 12 economics?

The entire syllabus for economics class 12 has been shared above in the table

3.Which chapters are removed from economics class 12?

The removed topics are listed in the table under the deleted syllabus section.

4. Who is the father of economics?

Paul Samuelson is the father of economics.

5. Can you score 100 in economics?

Yes, you can score 100 n economics with everyday practice and consistency.

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