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

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Economics
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Define worker-population ratio.

Appears in 3 question papers
Chapter: [6] Employment: Growth, Informalisation and Other Issues
Concept: Workers and Employment

Ram is an owner of a salon. He is temporaily absent from work due to injury.

Can he be considered as worker? Explain.

Appears in 3 question papers
Chapter: [6] Employment: Growth, Informalisation and Other Issues
Concept: Growth and Changing Structure of Employment

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.

Appears in 3 question papers
Chapter: [6] Open Economy Macroeconomics
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit

As per the Reserve Bank of India (RBI) press report, dated 22nd June, 2022:
"Net Foreign Portfolio Investment (FPI) recorded an outflow of US $15.2 billion mainly from the equity market."

The above transaction will be recorded in the ______ account on ______ side of Balance of payments account of India.

Appears in 3 question papers
Chapter: [6] Open Economy Macroeconomics
Concept: Concept of Balance of Payments >> Capital Account

‘Kavya works on her family farm and is neither paid in cash nor in the form of grains.’

Can she be categorized as a worker? Give valid reasons in support of your answer. 

Appears in 3 question papers
Chapter: [6] Employment: Growth, Informalisation and Other Issues
Concept: Self-employed and Hired Workers

Define Worker Population Ratio. Discuss its usefulness.

Appears in 3 question papers
Chapter: [6] Employment: Growth, Informalisation and Other Issues
Concept: Participation of People in Employment

“In the late 1990's India experienced a widening gap between the growth of GDP and employment generation”. Discuss. 

Appears in 3 question papers
Chapter: [6] Employment: Growth, Informalisation and Other Issues
Concept: Growth and Changing Structure of Employment

‘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. 

Appears in 3 question papers
Chapter: [6] Employment: Growth, Informalisation and Other Issues
Concept: Employment in Firms, Factories and Offices

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

Appears in 3 question papers
Chapter: [6] Open Economy Macroeconomics
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit

Suppose, the price of one UK Pound (£) has increased from ₹ 70 to ₹ 80, owing to market forces.

This means that value of Indian Currency (₹) has ______.

Appears in 3 question papers
Chapter: [6] Open Economy Macroeconomics
Concept: Determination of the Exchange Rate

Identify, which of the following is the correct formula for calculating ‘Worker-Population Ratio’? 

Appears in 3 question papers
Chapter: [6] Employment: Growth, Informalisation and Other Issues
Concept: Participation of People in Employment

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?

Appears in 3 question papers
Chapter: [6] Open Economy Macroeconomics
Concept: Concept of Balance of Payments >> Balance of Payments Surplus and Deficit

"Serious concerns over the climate change is taking over the attention of the world."

In the light of the above statement and image, discuss any two strategies to tackle this global concern of Environmental degradation.

Appears in 3 question papers
Chapter: [7] Environment and Sustainable Development
Concept: Strategies for Sustainable Development

Interpret the situation of earth as depicted in the given picture, with reference to current environmental challenges:

Appears in 3 question papers
Chapter: [7] Environment and Sustainable Development
Concept: State of India’s Environment

What similar developmental strategies have India and Pakistan followed for their respective developmental paths?

Appears in 3 question papers
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
Concept: Development Strategies - an Appraisal

Maternal mortality rate is high in ______.

Appears in 3 question papers
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
Concept: Indicators of Human Development

The introduction of Economic Reform in Pakistan took place in year ______.

Appears in 3 question papers
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
Concept: Developmental Path - a Snapshot View

Explain briefly the problems faced by Great leap forward campaign.

Appears in 3 question papers
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
Concept: Developmental Path - a Snapshot View

Compare and analyse the Annual Growth rate of population of India and China.

Country Annual Growth rate of
population (2015)
India 1.2%
China 0.5%
Appears in 3 question papers
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
Concept: Development Strategies - an Appraisal

Give some examples of liberty indicators.

Appears in 3 question papers
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
Concept: Indicators of Human Development
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