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Distinguish between ‘Green Revolution’ and ‘Golden Revolution’.
Concept: Diversification into Productive Activities
"In India women participation rate is lower in urban areas than in the rural areas." Explain with valid arguments.
Concept: State of India’s Environment
“In rural areas of India more members of a family are engaged on work, yet the gross income of the family is generally low.”
Identify the type of unemployment indicated in the above statement and explain the paradox associated with it.
Concept: Concept of Unemployment
Give two examples of fixed costs.
Concept: Cost - Fixed Cost
What happens to the difference between Average Total Cost and Average Variable Cost as production is increased?
Concept: Relationship Between Average Variable Cost and Average Total Cost and Marginal Cost
Give two examples of variable costs.
Concept: Cost -variable Cost
Choose the correct alternative from given options:
The average product curve in the input-output plane, will be ____________.
Concept: Shapes of Product Curves
Answer the following question.
"Indian Rupee (₹) plunged to an all-time low of ₹ 74.48 against the US Dollar ($)".
− The Economic Times
In light of the above report, discuss the impact of the situation on Indian Imports.
Concept: Determination of Equilibrium Income in the Short Run >> Effect of an Autonomous Change in Aggregate Demand on Income and Output
On the basis of following schedule, answer the given questions:
| Income (in ₹ crores) |
Savings (in ₹ crores) |
| 0 | -20 |
| 50 | -10 |
| 100 | 0 |
| 150 | 30 |
| 200 | 60 |
- Calculate Marginal Propensity to Save (MPS) at ₹ 150 crores level of income.
- What is the value of Autonomous Consumption?
Concept: Aggregate Demand and Its Components >> Consumption
"In an economy, the autonomous consumption is ₹ 100 and Marginal Propensity to Consume (MPC) is 0.6. If the equilibrium level of Income is 2,000, then the autonomous investment is ₹ 300." Justify the statement with valid calculation.
Concept: Aggregate Demand and Its Components >> Consumption
Distinguish between 'Fixed Investment' and 'Inventory Investment'.
Concept: Aggregate Demand and Its Components >> Investment
In an economy, the value of Marginal Propensity to Save (MPS) is 0.25, what will be the value of increase in income, if investments increased by ₹ 200 crores?
Concept: Aggregate Demand and Its Components >> Consumption
What is revenue expenditure?
Concept: Classification of Expenditure
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
Concept: Market Equilibrium
Explain the chain of effects of excess supply of a good on its equilibrium price
Concept: Equilibrium Price
Explain how government budget can be helpful in bringing economic stabilization in the economy.
Concept: Objectives of Government Budget
A market for a good is in equilibrium. The supply of good "decreases". Explain the chain of effects of this change
Concept: Market Equilibrium
Giving reason, state whether the following is a revenue expenditure or a capital expenditure in a government budget:
Expenditure of building a bridge.
Concept: Classification of Expenditure
What is meant by price ceiling? Explain its implications.
Concept: Price Ceiling
