Step by step we are guiding our students to clamber the stairs of Tips and Tricks and we have finally reached the platform from where the students will harvest dazzling successes. The series has been meticulously and exclusively curated for the students appearing for their CBSE Board Examination, Session 2022-23. We are sure if the students take the tips shared by the esteemed mentors of Manav Rachna International School seriously and follow the tricks religiously, then accolades, fame, and success will be parts of their lives. Success is not perching high on the list of toppers-success is giving our best and competing with our very mettle with mindfulness. If Hard Work, Perseverance, and Dedication are poured into the batter of Success, nothing can stop aspiring, zealous students from shining in the galore of achievements. ~Editor 

FROM THE EXPERT’S DESK

 As a subject, Economics examines the fundamental ideas and theories underlying the same, covering Micro-and Macroeconomics. The course’s curriculum is split into two sections: Microeconomics, which deals with consumer preferences, manufacturing, expenses, market dynamics, and administration involvement in the economy; and Macroeconomics, which deals with issues like gross domestic product, monetary policy, funds, financial services, and world commerce.

The production, exchange, and use of goods are the essence of economics. Both qualitative and quantitative components are included.

In a sense, one should study Economics both from a qualitative and statistical angle in order to score well in CBSE Board Exam.

The Economics Exam of Grade 12TH will have two sections:

Section A – Macroeconomics

Section B – Indian Economic Development

There will be:

• 20 Multiple Choice Questions type questions of 1 mark each.
• 4 Short Answer Questions type questions of 3 marks each to be answered in 60 to 80 words.
• 6 Short Answer Questions type questions of 4 marks each to be answered in 80 to 100 words.
• 4 Long Answer Questions type questions of 6 marks each to be answered in 100 to 150 words.

Learners will be evaluated on their memory, interpretation, applicability, HOTS, and analytical thinking in the exam.  Memorizing and Understanding is worth 25% of the total. Application, HOTS, and assessment, on the contrary, make up roughly 50%. Therefore, it is crucial that one applies his/her foundational understanding to realistic scenarios and comprehend the subjects at hand rather than simply memorizing them.

Below are mentioned few tips and tricks to prepare well for the Economics Examination:

• For 6 markers- write 6-7 points (with explanations; 400-500 words). Use reading time efficiently to mark, underline, and circle the important pointers with pencil.
• Read, comprehend, and grasp each topic completely from NCERT books thoroughly as they are required reading for the CBSE curriculum.
• Read all the questions quickly and make wise choices.
• Select the questions in which you are more confident and which are relatively simple/direct.
• Your answer should be precise and proper steps should be followed. Mention the headings of each step if possible.
• Do take care of the weightage. Very short answer Questions shouldn’t be of more than two-three lines.
• Even if diagram/schedule is not asked, we can make it for our reference, but then it should be small and preferably on RHS.
• Must give examples wherever possible.
• Diagrams, if asked or required, must be neat, well labeled and complete.
• Carry duly sharpen pencils at least 3-4 and full size and small transparent scale.
• Make thorough notes of definitions, key concepts, formulas, and correlations between various economic parameters for each chapter. Mark the most important passages in your notes as well. You will benefit from this when you complete your last exam preparation.
• Sometimes language is confusing, then if needed, check the same Question in Hindi language.
• The possibility to assess your degree of subject learning is greatly enhanced by solving sample papers.
• Underline the most important points, don’t underline whole answer.
• For Indian economic development question and answers, try to make a flowchart to present your all-important points and then start writing the answer in pointers.
• Theories and numbers come together in Economics. You must write more in order to improve your writing abilities for the theory part. Practice as many numerical as possible in preparation for the numeric section.
• Analytical/Data based questions, mostly require advantages/steps or critical evaluation of the data. You just need to identify the topic.
• In all the Numerical questions, keep in mind to write complete formulas, as it carries separate marks, highlight the final answer.
• Avoid giving extra information if you are a slow writer, if you have extra time left, you may write extra but it should be relevant.
• If question says explain any concept using Diagram, then we can avoid schedule, but must give explanation of diagram.
• Your answer shouldn’t be inappropriate, if question says what causes upward movement along the demand curve of Foreign Exchange? And we say “its Change in FER”, its wrong…correct answer is INCREASE IN FER.
• Start your paper very carefully and avoid any cutting/overwriting, but if needed, you can cut an answer by drawing a single diagonal line.
• Try to follow an order, ascending or descending, but skip all parts of a question in which you are not confident and attempt these at the end.
• During examination, be little selfish and over confident, always assume that you know better than others, so don’t compare or waste time with others.
• Economics is a highly scoring subject; you have done a lot of hard work, now it’s time to reap the benefits.
• Take proper sleep the night before Exam, and most importantly, seek blessings of your elders.
  As you study for your Economics Board Exam, be composed and then prepare. Success will be yours! 

Author: Mr. Abhishek Bhatia, PGT ECONOMICS, MRIS NOIDA