Arts (English Medium) कक्षा १२ - CBSE Important Questions for Economics

The shackles of agriculture during the colonial rule were permanently broken by the Green Revolution that resulted from the application of ______.

1. High Yielding Varieties (HYV)
2. Mechanization of Agriculture
3. Chemical Fertilizers and Pesticides
4. Organic Fertilizers and Pesticides

“Green revolution transformed India from a subsistent food grain economy to a food surplus economy.”

Justify the statement, giving reasons in support of your answer.

“In order to protect domestic industries, India followed the regime of restrictions on imports.”

Briefly outline and discuss such steps taken by the government to promote import substitution policy.

“In India, after 1947 land reforms were introduced on a large scale.”

In the light of the given statement, discuss any one such land reform.

“The debate over farm subsidies in India is enraged at different platforms.”

Discuss any two arguments in favour of continuing farm subsidies. 

What is the relation between marginal cost and average variable cost when marginal cost is rising and average variable cost is falling?

Complete the following table:

What is opportunity cost? Explain with the help of a numerical example.

What is the relation between Average Variable Cost and Average Total Cost, if Total Fixed Cost is zero?

When does 'shift' in supply curve take place?

From the following data find out the level of output that will give the producer maximum profit (Use marginal cost and marginal revenue approach,) Give reasons for your answer

Giving reason comment on the production possibilities curve based on the following schedule:

Giving reason comment on the shape of Production Possibilities curve based on the following schedule :

Giving reason comment on the shape of Production Possibilities curve based on the following schedule:

What are the different phases in the Law of Variable Proportions in terms of Total Product ? Give reasons behind each phase. Use diagram.

The price elasticity of supply of a good is 0.8. Its price rises by 50 percent. Calculate the percentage increase in its supply.

Complete the following table:

State the relation between marginal product and average product. Show this relation in a diagram.

Choose the correct answer from given options
If the supply curve is a straight line parallel to the vertical axis (Y-axis), supply of the good is called as _________.

Explain whether the statement is true or false with reasons.

 Average product curve and Marginal product curves are 'U-shaped' curves.