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

On the basis of following schedule, answer the given questions:

1. Calculate Marginal Propensity to Save (MPS) at ₹ 150 crores level of income.
2. What is the value of Autonomous Consumption?

"In an economy, the autonomous consumption is ₹ 100 and Marginal Propensity to Consume (MPC) is 0.6. If the equilibrium level of Income is 2,000, then the autonomous investment is  ₹ 300." Justify the statement with valid calculation.

At the break-even point level of incomes for the economy is ₹ 10,000 crores and if the people tends to save 20 per cent of their additional income, then calcualte the value of autonomous consumption.

Read the following statements carefully:

Statement 1: The induced consumption shows, the direct relation between consumption and income.

Statement 2: With a certain increase in income, induced consumption also increases.

In the light of the given statements, choose the correct alternative from the following:

______ is a process, which includes all the activities from sowing till sale of the final produce in the market.

Which of the following was NOT the benefit accruing from 'Golden Revolution'?

"Recently the Government of India has taken numerous steps towards increasing the farmer's income through agricultural diversification."

In light of the above statement, explain any two advantages of diversification in agriculture.

Discuss any two merits and demerits of the Green Revolution in the agricultural sector in the Indian economy.

Read the following statements carefully:

Statement 1: Consumption function assumes that, consumption changes at a constant rate as income changes.

Statement 2: Autonomous consumption is the ratio of total consumption (C) to total income (Y).

In light of the given statements, choose the correct alternative from the following:

“The value of all goods and services can be expressed in monetary units.”

On the basis of the given statement, identify the function performed by money:

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

Read the following statements carefully:

Statement 1: The nature of unemployment problem in India is uni-faceted.

Statement 2: Worker-Population ratio is an indicator used for analysing the employment situation in a country.

In light of the given statements, choose the correct alternative from the following:

“During the colonial period, a number of socio-economic indicators were in a dilapidated state.”

List any three such indicators that led to the worsening of India’s demographic profile.

“In the late 1970s, China introduced the One-child policy that led to arrest in the population coupled with skewed sex ratio.”

Justify the given statement with valid arguments in support of your answer.

State and elaborate whether the following statement is true or false, with valid arguments:

Agricultural marketing is a process that ensures the transportation of various agricultural commodities only.

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

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

Define Worker Population Ratio. Discuss its usefulness.

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

Discuss any two arguments in favour of continuing farm subsidies. 

‘Money is an asset which can be stored for use in future.

In the light of given statement, identify the function of money.