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

Why is Production Possibilities Curve concave? Explain

Why is a production possibilities curve downward sloping? Explain

Explain the central problem of "What is produced and in what quantities.".

In what circumstances may the production possibility frontier shift away from the origin? Explain.

What are the important features of a capitalist economy?

Describe the four major sectors in an economy according to the macroeconomic point of view.

Describe the Great Depression of 1929.

What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy? Comment.

Why was public sector given a leading role in industrial development during the planning period?

Though public sector is very essential for industries, many public sector undertakings incur huge losses and are a drain on the economy’s resources. Discuss the usefulness of public sector undertakings in the light of this fact.

Explain how import substitution can protect domestic industry.

Why and how was private sector regulated under the IPR 1956?

Bring out the differences between human capital and human development.

How is human development a broader term as compared to human capital?

What do you mean by agricultural marketing?

Distinguish between ‘Green Revolution’ and ‘Golden Revolution’.

Explain the role of non-farm employment in promoting rural diversification.

Bring out the importance of animal husbandry, fisheries and horticulture as a source of diversification.

Find the odd man out:

1. owner of a saloon
2. a cobbler
3.  a cashier in Mother Dairy
4.  a tuition master
5. transport operator
6. construction worker.