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

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:

Graphically, Aggregate Demand function can be obtained by vertically adding the ______ and ______ function.

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.

“Ravya was initially working as an office clerk in a firm. In the pursuit to attain, a higher position and income, she attended a few on-the-job training sessions. These sessions contributed positively to her skills and expertise.”

Explain the impact of Ravya’s decision on human capital formation.

What is capital expenditure?

Give the equation of Budget Line.

Explain the role of the government budget infighting inflationary and deflationary tendencies.

Calculate investment expenditure from the following date about an economy which is in equilibrium :
National Income = 1000
Marginal propensity to save = 0.20
Autonomous consumption expenditure = 100

Calculate Autonomous Consumption Expenditure from the following data about an economy which is in equilibrium: 
National income = 500
Marginal propensity to save = 0.30
Investment expenditure = 100

What is the difference between revenue expenditure and capital expenditure? Explain how taxes and government expenditure can be used to influence.

Discuss the importance of credit in rural development.

Critically evaluate the role of the rural banking system in the process of rural development in India.

Enlist some problems faced by farmers during the initial years of organic farming.

Answer the following question.
How are capital expenditure different from Revenue expenditure?  Discuss briefly.

Define "Trade surplus" and "Trade Deficit".

Compare the trends depicted in the figures given below:

Figure 1: Trends in Fiscal deficit and Primary deficit	Figure 2: Fiscal deficit as a percent of Budget estimate

Identify which of the following is a source of non-institutional credit in the rural areas of India.

Define agricultural marketing.

Discuss briefly the importance of micro-credit programmes in rural development.

‘Under the Ayushmaan Bharat Scheme, the Government provides free medicines to the economically backward section of the society’.

Identify and discuss the nature of the government expenditure indicated in the given statement.