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

What factors contribute to human capital formation?

Indian economy on the eve of Independence was ______.

What is another name for the service sector?

What was the nature of the Indian economy on the eve of independence?

On the basis of the workforce engaged in various sectors in pre-independent India, the following are ranked from the highest to the lowest? (Choose correct alternative)

It is a conscious design to shape the socio-economic processes in order to achieve an objective?

In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?

When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?

When was NITI Aayog established?

Who is the ex-officio chairman of the planning commission?

When was Planning commission established?

Which of the following is not an example of physical capital?

Answer the following question.
Explain the central problem for whom to produce.

Explain how government budget can used to bring in price stability in the economy.

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

Explain any one objective of Government Budget.

A market for a good is in equilibrium. There is simultaneous "increase" both in demand and supply of the good. Explain its effect on the market price

Market for a good is in equilibrium. There is simultaneous "decrease" both in demand and supply of the good. Explain its effect on market price

Why do central problems of an economy arise?

Explain the role of government budget in bringing stability in the economy.