Arts (English Medium) कक्षा १२ - CBSE Question Bank Solutions for Economics

Measure the level of ex-ante aggregate demand when autonomous investment and consumption expenditure (A) is Rs 50 crores, and MPS is 0.2 and level of income (Y) is Rs 4000 crores. State whether the economy is in equilibrium or not (cite reasons).

What is the law of variable proportions?

Do you think that in the last 50 years, employment generated in the country is commensurate with the growth of GDP in India? How?

Answer the following question.
"Indian Rupee (₹) plunged to an all-time low of ₹ 74.48 against the US Dollar ($)".
− The Economic Times
In light of the above report, discuss the impact of the situation on Indian Imports.

According to adjustable peg system (or Bretton Woods System ) of Exchange Rate ______.

Which of the following is NOT a stock variable?

Which of the following is not an employment generation programme?

"In an economy ex-ante Aggregate Demand is more than ex-ante Aggregate Supply."
Explain its impact on the level of output, income and employment.

Suppose for a given economy,

S = -60 + 0.1Y

I = ₹ 4,000 crore

(Where S = Saving Function, Y = National Income and I = Investment Expenditure)

Equilibrium level of Income would be ₹ ______ crore.

“Since independence, the government has been playing an important role in generating employment directly or indirectly.” Discuss.

When the Average Product (AP) is maximum, the Marginal Product (MP) is: (Choose the correct alternative)

(a) Equal to AP

(b) Less than AP

(c) More than AP

(d) Can be any one of the above

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

What is imperfect oligopoly?

Explain ‘Paradox of Thrift’.

What is the shape of the Keynesian Aggregate Supply before the level of full employment is attained?

What is the cause of the Keynesian perfectly elastic Aggregate Supply curve? 

The value of the multiplier is ______ 

If MPC = 1, the value of the multiplier is ______ 

If the marginal propensity to consume is greater than the marginal propensity to save, the value of the multiplier will be ______ 

IF MPC = 0.5, then Multiplier (k) will be ______