CBSE Class 12 Practice Test 2026

About the CBSE Class 12 exam

The CBSE - Class 12 (CBSE Class 12) is a cbse board examination administered in India. It is designed to assess candidates' knowledge and proficiency across 9 key subject areas including Physics, Chemistry, Mathematics, Biology. This exam is widely recognized as an essential benchmark for students and professionals.

Use short CBSE Class 12 practice sets to identify topics to revisit. Choose a subject and difficulty, answer questions, then review the explanations. New accounts get 30 question credits; further new questions use paid credits. Retaking previously seen questions is free.

Whether you're a first-time candidate or retaking the CBSE Class 12 to improve your score, InfinityMock helps you identify your strengths and weaknesses through detailed performance analytics. Our platform covers Physics, Chemistry, Mathematics, Biology, Computer Science, English Core, Accountancy, Business Studies, Economics, with questions available at Easy, Medium, and Hard difficulty levels. Track your progress, review detailed explanations, and build the confidence you need to pass on exam day.

CBSE Class 12 — quick answers

CBSE Class 12 at a glance

8 free CBSE Class 12 practice questions (2026)

Answer these first — no signup, no card. Every answer is explained. For more practice, sign up for 30 free question credits and choose a subject above.

1. In the absence of a Partnership Deed, what is the rate of interest allowed on a partner's loan to the firm?

   • 6% per annum
   • 12% per annum
   • 5% per annum
   • No interest is allowed
   Show answer & explanation

   Answer: A. 6% per annum

   According to the Indian Partnership Act, 1932, in the absence of an agreement, interest on a partner's loan to the firm is allowed at a fixed rate of 6% per annum.

   Topic: Accountancy · easy

2. If the Partnership Deed is silent on the profit-sharing ratio, how are profits and losses shared among partners?

   • In the ratio of their capital contributions
   • Equally
   • In the ratio of their experience
   • Decided by the senior partner
   Show answer & explanation

   Answer: B. Equally

   In the absence of a partnership deed or agreement, the provisions of the Indian Partnership Act, 1932 dictate that all profits and losses must be shared equally among the partners.

   Topic: Accountancy · easy

3. Goodwill is classified as which type of asset?

   • Tangible Asset
   • Current Asset
   • Intangible Asset
   • Fictitious Asset
   Show answer & explanation

   Answer: C. Intangible Asset

   Goodwill is an intangible asset because it has value but lacks physical existence; it cannot be seen or touched.

   Topic: Accountancy · easy

4. Which of the following is the correct formula to calculate the Sacrificing Ratio?

   • New Ratio - Old Ratio
   • Old Ratio - New Ratio
   • Gaining Ratio - New Ratio
   • Old Ratio + New Ratio
   Show answer & explanation

   Answer: B. Old Ratio - New Ratio

   The Sacrificing Ratio is calculated by subtracting the New Profit Sharing Ratio from the Old Profit Sharing Ratio (Old Ratio - New Ratio) to determine how much share an old partner has given up.

   Topic: Accountancy · easy

5. At the time of admission of a new partner, general reserve appearing in the old balance sheet is transferred to the capital accounts of:

   • All partners including the new partner in the new profit sharing ratio
   • Old partners in their old profit sharing ratio
   • Old partners in their sacrificing ratio
   • New partner only
   Show answer & explanation

   Answer: B. Old partners in their old profit sharing ratio

   Accumulated profits and reserves like the General Reserve belong to the old partners because they were earned prior to the admission of the new partner. Therefore, they are distributed to the old partners in their old profit-sharing ratio.

   Topic: Accountancy · easy

6. On the retirement of a partner, the gaining ratio of the remaining partners is calculated as:

   • Old Ratio - New Ratio
   • New Ratio - Old Ratio
   • Sacrificing Ratio - Old Ratio
   • Equal share of remaining partners
   Show answer & explanation

   Answer: B. New Ratio - Old Ratio

   The gaining ratio represents the share acquired by the continuing partners from the retiring partner, calculated as New Profit Sharing Ratio minus Old Profit Sharing Ratio.

   Topic: Accountancy · easy

7. What is the nature of a Realisation Account prepared at the time of dissolution of a partnership firm?

   • Personal Account
   • Real Account
   • Nominal Account
   • Representative Personal Account
   Show answer & explanation

   Answer: C. Nominal Account

   Realisation Account is a nominal account prepared to determine the net profit or loss on the realization of assets and settlement of liabilities during the dissolution of a firm.

   Topic: Accountancy · easy

8. As per SEBI guidelines, what is the minimum subscription requirement for a public issue of shares?

   • 80% of the issued amount
   • 90% of the issued amount
   • 95% of the issued amount
   • 100% of the issued amount
   Show answer & explanation

   Answer: B. 90% of the issued amount

   According to SEBI regulations, a company must receive a minimum subscription of 90% of the entire issued amount before it can proceed with the allotment of shares.

   Topic: Accountancy · easy

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CBSE Class 12 Exam Subjects

Available practice subjects: Physics, Chemistry, Mathematics, Biology, Computer Science, English Core, Accountancy, Business Studies, Economics. Select a subject for focused preparation. Coverage is not a guarantee of the complete official syllabus.

📖 CBSE Class 12 Study Guide

Read our comprehensive How to Pass the CBSE Class 12 in 2026 — Complete Study Guide for expert preparation tips, study plans, and strategies.

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