Arts (English Medium) इयत्ता १२ - CBSE Question Bank Solutions for Economics

Give some examples of liberty indicators.

State the importance of 'liberty indicator'.

Distinguish between 'Fixed Investment' and 'Inventory Investment'.

Assertion (A): The Balance of payments is in surplus, if autonomous receipts are greater than autonomous payments.

Reason (R): Autonomous transactions are determined by the difference in the Balance of Payments.

______ acts as a measure of 'the extent of democratic participation in social and political decision-making.'

On the basis of the given data: 

1. Identify one income indicator and one health indicator, each.
2. Compare India and China on the basis of any one of the indicator identified above in part (i)

‘Current account deficit in an economy must be financed by a corresponding capital account surplus’.

Do you agree with the given statement? Give valid reason(s) in support of your answer.

‘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.

“In order to protect domestic industries, India followed the regime of restrictions on imports.”

Briefly outline and discuss such steps taken by the government to promote import substitution policy.

“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.

‘Mr. Rishi, after completing his education, has joined his family business but his marginal productivity is zero.'

Comment upon the employment status of Mr. Rishi. Give valid reasons in support of your answer. 

'Deficit' in Balance of payment (BOP) refers to the excess of ______.

Distinguish between Autonomous transactions and Accommodating transactions. 

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

State with valid reason whether the following statement is true or false:

Rising population is not the cause for quality of human capital formation. 

Suppose, Country X, has more inflation than Country Y. Which of the following is most likely situation to happen in such a case, assuming other factors being constant?

Government insure expenditure to popularize yoga among the masses. Analyses its impact on gross domestic product and welfare of the people.

An economy is in equilibrium. Find investment expenditure :

National income =1200

Autonomous consumption expenditure=150

Marginal Propensity to consume =0.8

Explain the meaning of Budget set 

Give the equation of Budget Line.