Economics Unit Test Syllabus
Class XII Economics Unit Test syllabus prescribed by the Directorate of School Education, Aligarh Muslim University.
The Directorate of School Education, A.M.U. has officially released the Unit Test-wise syllabus for Class XII Economics (12EC05) for the academic session 2026–27. The curriculum is broadly divided into Introductory Macro Economics (Unit Tests I and II) and an assignment-based evaluation for Indian Economic Development (Unit Test III), with each test carrying exactly 25 marks.
Economics Unit Tests
Click a card to jump directly to the relevant Unit Test.
Unit Test – I
Part A – Introductory Macro Economics
| Topics/Units | Marks |
|---|---|
| I) National Income and its Related Aggregates | 18 |
| II) Money and Banking [Commercial Banks and the Central Bank] | 07 |
| Total | 25 |
📊 National Income Dominance
Unit 1 is heavily skewed toward National Income and its Related Aggregates, which holds a massive weightage of 18 marks out of 25.
🏦 Banking Framework
Money and Banking carries the remaining 7 marks, focusing specifically on Commercial Banks and the Central Bank.
Unit Test – II
Part A – Introductory Macro Economics
| Topics/Units | Marks |
|---|---|
| III) Determination of Income and Employment | 13 |
| IV) Government Budget and the Economy | 06 |
| V) Balance of Payment and Foreign Exchange | 06 |
| Total | 25 |
📈 Core Macro Models
The core macroeconomic model—Determination of Income and Employment—dominates Unit Test II with 13 marks.
🌍 Government & Global Flow
The Government Budget (6 marks) and Balance of Payment/Foreign Exchange (6 marks) evenly split the remaining portion of the test.
Unit Test – III
Part B – Indian Economic Development (Assignment)
| Topics/Units | Marks |
|---|---|
|
VI) Development Experience (1947-90) and Economic reforms since 1991 VII) Current challenges facing Indian Economy VIII) Development Experience of India, A comparison with neighbours | 25 |
| Total | 25 |
Assignment Focus: Unlike the first two tests, Unit Test III is conducted as an Assignment entirely focused on Part B: Indian Economic Development. All 25 marks are grouped collectively across India’s historical development, current challenges, and comparative analysis with neighboring countries.
A Word from the Teacher
Economics requires a clear understanding of graphs, formulas, and real-world economic trends.
In Unit Test I, a whopping 18 marks are devoted to National Income and its Related Aggregates. Do not just memorize formulas; practice calculating National Income using all three methods (Value Added, Income, and Expenditure methods).
For Unit Test II, the 13-mark topic Determination of Income and Employment requires you to clearly draw and explain Aggregate Demand, Aggregate Supply, and the Multiplier mechanism. Your graphs must be neatly labeled.
Unit Test III shifts from Macro Economics to Indian Economic Development, conducted as an assignment. This is your chance to score heavily. Use accurate, up-to-date data (from official surveys or budget reports) when comparing India’s development experience with its neighbors.
How to Excel in Economics
Combine numerical practice for Macro with data-driven answers for Indian Economic Development.
Master the Numericals
Practice calculating GDP, NDP, NNP, and National Income daily to secure the 18 marks in Unit Test I.
Draw Clear Graphs
Always draw a schedule/table and a corresponding graph when answering questions on Income and Employment (13 marks).
Differentiate Concepts
Be clear on the differences between Revenue Deficit, Fiscal Deficit, and Primary Deficit in the Government Budget section (6 marks).
Banking Mechanisms
Clearly understand the credit creation process by Commercial Banks and the monetary policy tools used by the Central Bank.
Data is King
For your Unit III Assignment, include actual growth rates and demographic indicators when comparing India with its neighbors.
Understand the Reforms
Familiarize yourself completely with the LPG (Liberalization, Privatization, Globalization) reforms of 1991.
Class XII Economics — Quick View
| Unit Test | Main Areas | Marks |
|---|---|---|
| Unit Test I | Introductory Macro Economics (National Income [18], Money & Banking [7]) | 25 |
| Unit Test II | Introductory Macro Economics (Income Determination [13], Govt Budget [6], BoP [6]) | 25 |
| Unit Test III | Indian Economic Development (Assignment based on India’s dev. experience & challenges) | 25 |
Check the Original AMU Syllabus
For the complete official Unit Test Wise Division of Syllabus, refer to the original document issued by the Directorate of School Education, A.M.U.
📄 View Original AMU PDF
The Economics Faculty at SolvedNotes is a group of academic professionals specializing in the CBSE Class 9 and 10 Economics curriculum. We break down complex financial concepts from the NCERT textbooks ‘Economics’ and ‘Understanding Economic Development’. Our study notes simplify critical chapters like The Story of Village Palampur, People as Resource, Money and Credit, and Globalization. With a focus on understanding Sectors of the Indian Economy and Consumer Rights, we provide exam-oriented definitions, statistical analysis, and application-based solutions to help students score high in their Social Science Board Exams.