Explain "Banker to the Government" function of the Central Bank.
Concept: Central bank Function - Goverment Bank
Explain bankers bank function of a Central bank.
Concept: Central Bank Function - Banker's Bank
Explain three causes of low capital formation in India.
Concept: Factors of Production - Capital
What is meant by the efficiency of labour?
Concept: Factors of Production - Labour
Explain the following: Creeping inflation
Concept: Concept for Demand and Supply
Define supply.
Concept: Concept for Demand and Supply
What is ‘elasticity of demand’? Explain the factors determining elasticity of demand.
Concept: Elasticity of Demand
Public expenditure in India has increased over the years. Explain four principal reasons for its increase.
Concept: Concept for Public Expenditure
(i) Define Public debt.
(ii) What are Redeemable debts?
(iii) Mention two examples of unproductive debt.
Concept: Concept for Public Debt
Mention one way by which consumers are exploited in the market.
Concept: Understanding the Importance of Educating Consumers of Their Rights
Define labour.
Concept: Factors of Production - Labour
What is meant by capital formation
Concept: Factors of Production - Capital
Discuss any three advantages of division of labour.
Concept: Factors of Production - Labour
Define simple division of labour.
Concept: Factors of Production - Labour
Explain four important characteristics of labour as a factor of production.
Concept: Factors of Production - Labour
Explain three causes of low efficiency of labour in India.
Concept: Factors of Production - Labour
Differentiate the following with examples:
Real capital and debt capital
Concept: Factors of Production - Capital
Define land.
Concept: Factors of Production - Land
What is meant by the term demand-pull inflation?
Concept: Concept for Law of demand and supply
What is meant by cost-push inflation?
Concept: Concept for Demand and Supply
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