Commerce (English Medium) Class 12 - CBSE Important Questions for Economics

Suppose you are a member of the "Advisory Committee to the Finance Minister of India". The Finance Minister is concerned about the rising Revenue Deficit in the budget.
Suggest anyone measure to control the rising Revenue Deficit of the government.

Answer the following question.
How are capital expenditure different from Revenue expenditure?  Discuss briefly.

Define "Trade surplus" and "Trade Deficit".

Compare the trends depicted in the figures given below:

Figure 1: Trends in Fiscal deficit and Primary deficit	Figure 2: Fiscal deficit as a percent of Budget estimate

Identify which of the following is a source of non-institutional credit in the rural areas of India.

Define agricultural marketing.

Discuss briefly the importance of micro-credit programmes in rural development.

‘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.

Study the following picture and answer the given question:

Women in rural households take up bee-keeping as an entrepreneurial activity. Such kind of activities may be envisaged under ______ as diversification activity.

On the basis of the given information, calculate the value of:

1. Fiscal deficit
2. Primary deficit

State any two features of public goods.

Micro credit programmes play a vital role in ensuring an overall development of the rural economy as they ______.

1. provide financial support
2. lead to women empowerment
3. enhance the reach of formal credit system

State and elaborate whether the following statement is true or false, with valid arguments:

Agricultural marketing is a process that ensures the transportation of various agricultural commodities only.

State and elaborate whether the following statement is true or false, with valid arguments:

Jan-Dhan Yojana has been a crucial step for financial resource mobilization in the Indian economy.

Explain the importance of credit availability to farmers in rural development. 

State on which side of capital account/current account will the following transactions be recorded and why:
(i) Interest on loan received from Nepal
(ii) Import of mobile phones from China

Compare and analyze the ‘Women Worker Population Ratio’ in Rural and Urban areas based on following information:

Read the following statements carefully:

Statement 1: Export of financial services by India will be recorded on credit side of current account.

Statement 2: Foreign Direct Investments in India will be recorded on credit side of capital account.

In the light of the given statements, choose the correct alternative:

Assertion (A): Unemployment and poverty are inseparable twins.

Reason(R): Unemployment is the root cause of all socio-economic evils

Defend or refute the following statement with a valid explanation:

‘Disguised unemployment is a common form of unemployment in rural India’