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Important Questions for CBSE (Arts) Class 12 - CBSE - Economics

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State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour

Appears in 23 question papers
Chapter: [0.023] Producer Behaviour and Supply
Concept: Law of Variable Proportions

Explain "Banker to the Government" function of the Central Bank.

Appears in 17 question papers
Chapter: [0.013999999999999999] Money and Banking
Concept: Central bank Function - Goverment Bank

What is government budget?

Appears in 17 question papers
Chapter: [0.016] Government Budget and the Economy
Concept: Meaning of Government Budget

Explain the conditions of consumer’s equilibrium using indifference curve analysis.

Appears in 17 question papers
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
Concept: Indifference Curve

Explain the three properties of the indifference curves.

Appears in 15 question papers
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
Concept: Indifference Curve

Explain the 'standard of deferred payment' function of money. How has it solved the related problem created by barter?

Appears in 14 question papers
Chapter: [0.013999999999999999] Money and Banking
Concept: Standard of Deferred Payment

Explain the ‘store of value’ function of money. How has solved the related problem created by barter?

Appears in 13 question papers
Chapter: [0.013999999999999999] Money and Banking
Concept: Money - Store of Value

Explain bankers bank function of a Central bank.

Appears in 13 question papers
Chapter: [0.013999999999999999] Money and Banking
Concept: Central Bank Function - Banker's Bank

What is maximum price ceiling? Explain its implications.

Appears in 13 question papers
Chapter: [0.024] Forms of Market and Price Determination
Concept: Price Ceiling

Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.

Appears in 12 question papers
Chapter: [0.011000000000000001] Determination of Income and Employment
Concept: Concept of Aggregate Demand and Aggregate Supply

Explain the central problem for whom to produce.

Appears in 12 question papers
Chapter: [0.021] Introduction
Concept: Central Problems of an Economy

A consumer consumes only two goods. Explain consumer's equilibrium with the help of utility analysis.

Appears in 12 question papers
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
Concept: Conditions of Consumer's Equilibrium Using Marginal Utility Analysis

What is aggregate demand?

Appears in 10 question papers
Chapter: [0.011000000000000001] Determination of Income and Employment
Concept: Concept of Aggregate Demand and Aggregate Supply

What is meant by inflationary gap?

Appears in 10 question papers
Chapter: [0.011000000000000001] Determination of Income and Employment
Concept: Concept of Aggregate Demand and Aggregate Supply

Define aggregate supply?

Appears in 9 question papers
Chapter: [0.011000000000000001] Determination of Income and Employment
Concept: Concept of Aggregate Demand and Aggregate Supply

Define externalities. Give an example of negative externality. What is its impact on welfare?

Appears in 9 question papers
Chapter: [0.012] National Income and Related Aggregates
Concept: GDP and Welfare

Giving reason explain how should the following be treated in the estimation of national income:

Payment of corporate tax by a firm

Appears in 9 question papers
Chapter: [0.012] National Income and Related Aggregates
Concept: Concept of National Income

Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?

Appears in 9 question papers
Chapter: [0.013999999999999999] Money and Banking
Concept: Function of Money - Primary Function

Define fiscal deficit

Appears in 9 question papers
Chapter: [0.016] Government Budget and the Economy
Concept: Measures of Government Deficit Or Surpluses

Explain the role of government budget in influencing allocation of resources.

Appears in 9 question papers
Chapter: [0.016] Government Budget and the Economy
Concept: Government Budget - Allocation of Resources
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