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

Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.

Distinguish between revenue deficit and fiscal deficit.

Explain any one objective of Government Budget.

Explain how taxes and government expenditure can be used to influence revenue expenditure and capital expenditure?

Explain how government budget can be used to influence the distribution of income?

Explain the meaning of Budget set 

Define revenue

Which one of these is a revenue expenditure?

Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.

Expenditure on purchasing computers

Giving reason, state whether the following is a revenue expenditure or a capital expenditure in a government budget:

Expenditure on scholarships

The government has started spending more on providing free services like education and health to the poor. Explain the economic value it reflects.

Explain the major components of government budget.

In order to tackle the problem of rising general price in an economy, government may come up with a surplus budget to achieve the budget objective of ______.

1. reallocation of resources
2. price stability
3. redistribution of income

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

______ have emerged as an important micro finance system and led to women empowerment.

“Organic Farming is the need of the hour to promote sustainable development but, has its own limitations.”

Elaborate any two advantages and limitations each of organic farming in the light of the above statement.

______ is the apex institution which plans and evaluates policies related to rural credit needs.

State the meaning of organic farming. Discuss how does it help in promoting sustainable development.

Unemployment is reduced due to the measures were taken by the government. State its economic value in the context of production possibilities frontier.

What is likely to be the impact of efforts towards reducing unemployment on the production potential of the economy? Explain