Arts (English Medium) Class 12 - CBSE Question Bank Solutions

How is the equilibrium number of firms determined in a market where entry and exist is permitted?

How is the wage rate determined in a perfectly competitive labour market?

Suppose the market determined rent for apartments is too high for common people to afford. If the government comes forward to help those, seeking apartments on rent by imposing control on rent, what impact will it have on the market for apartments?

How are equilibrium price and quantity affected when income of the consumers decrease.

What were the main causes of India’s agricultural stagnation during the colonial period?

What are the various means by which countries are trying to strengthen their own domestic economies?

Choose the correct alternative from given options:
In the given figure, the movement on the production possibility curve from point A to point B shows _____________.

Choose the correct alternative from given options:
Shift from Point A on Production Possibility Curve X₁Y₁ to point B on X₂Y₂ in the given figure indicates: 

Fill up the blank.
A Production Possibility Curve (PPC) would be convex to the origin if the Marginal Rate of Transformation (MRT) is ___________.

Answer the following question.
Why is a Production Possibility Curve concave to the origin? Explain.

State the meaning of the following:

Autonomous Consumption

Supply of money refers to quantity of money ______.

______ is the primary function of money.

Money is a medium of ______.

Money is something that is ______.

Which of the following transactions are recorded in the current account of the balance of payments?

At the time of independence, most of the land was owned by ______.

Which of the following activities is included in the primary sector?

Which of the following was the major occupation on the eve of independence?