ISC (Arts) इयत्ता १२ - CISCE Important Questions for Economics

Illustrate that the investment multiplier is inversely proportional to MPS.

With the help of a diagram, determine the equilibrium level of output and income by using Aggregate demand and aggregate supply approach.

Medium of exchange and measure of value is ______.

What is meant by the following function of the central bank?

Clearing house

The price of a mobile handset has risen in the market. But the dealers have not been able to increase the supply proportionately.

What will be the price elasticity of supply for the mobile handset? Draw the supply curve to indicate the type of elasticity.

Give two differences between intended supply and actual supply.

Prices of air conditioners and refrigerators have shot up in the new year as consumer durables makers pass on the impact of rising raw material costs and higher freight charges to customers, while home appliances like washing machines may witness a 5–10 per cent price hike later this month or by March.

(Source: The Economic Times)

Explain the behaviour of supply of this consumer durable. Illustrate the same in a diagram.

Explain the law of variable proportions with the help of a diagram.

Explain four ways of redemption of public debt.

______ is the creation of new currency to fill the gap between Government revenue and Government expenditure of the country.

Explain the following method of redemption of Public Debt:

Debt conversion

Explain the following method of redemption of Public Debt:

Sinking fund

Which one of the following is NOT a ceteris paribus assumption of the Law of Supply?

When the Marginal Product turns negative, Total Product will ______.

Why is the AVC curve U-shaped?

How does public expenditure on social security schemes enhance production in an economy?

At the point of inflexion, ______ is maximum.

With the help of a diagram, explain the relationship between Average Product and Total Product under the Law of Variable Proportions.

Study the data given below and identify the laws followed in the production of A and B depicted in the Table I and Table II. Justify your answer with a reason for each.

Normal profits for a firm imply that the firm is breaking even. Explain.