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Answer the following. (Class 12 Economics SQP 2025-26, Q33B)

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EconomicsCBSE Class 12 · Sample paper, session 2025-26 · 6 marks · Long answer

CBSE Class 12 Economics sample paper 2025-26: question 33(B)

From the official CBSE sample question paper for 2025-26, section B, question 33(B), for 6 marks. Try it first; the hints and our step-by-step solution are below.

Q33(B) · 6 marks · Long answerLiberalisation, Privatisation and Globalisation: An Appraisal

Answer the following.

  1. (I)

    “The process of globalisation through liberalisation and privatisation has produced positive, as well as, negative results for India.”
    Do you agree with the given statement? Give valid explanation in support of your answer.

    4 marks
  2. (II)

    “The Government of India was compelled to introduce the economic reforms of 1991.”
    State any two reasons behind the introduction of Economic Reforms of 1991.

    2 marks

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2025-26.

Hints

Open one hint at a time and try again before the next.

Hint 1

Who gained most from reforms?

Hint 2

What crisis hit India in 1991?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. (I) Yes. Globalisation has positive results: it gives developing countries like India access to global capital, technology and markets.

    2 marks

  2. (I) It has negative results too: critics argue it mainly benefits developed countries and widens disparities; in India, the reforms of the 1990s mostly benefited high-income groups and some service sectors rather than agriculture and industry.

    2 marks

  3. (II) Reason 1: a high rate of inflation.

    1 mark

  4. (II) Reason 2: a huge balance of payments deficit (also fiscal deficit / foreign exchange crisis).

    1 mark

Answer: (I) Agree: access to capital and technology, but benefits concentrated in rich groups and services. (II) High inflation and a huge BoP deficit.

Where the marks are

  • Positive and negative results (4)
  • Two reasons (1 + 1)

Revise the chapter

Practise this chapterBoard-style questions from Liberalisation, Privatisation and Globalisation: An Appraisal, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2025-26: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.