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

How much educational cess has been imposed by the government on all Union taxes?

Elementary education takes a major share of total education expenditure in India.

The differences in literacy rates between males and females are widening.

Which level of education takes a major share of total education expenditure in India?

What was the share of education in total government expenditure in 2014?

What percent of GDP was invested in education in the year 1952?

When was Right to Education Act enacted?

What was the average youth literacy rate in 2015?

Read the following statements carefully and choose the correct alternative from the following:

Statement 1 - Demonetization was the step taken by the Government of India in order to tackle the problems of corruption, black money, terrorism, and circulation of fake currency in the Indian Economy.

Statement 2 - Demonetization has ensured improved tax compliance in India over the period of time.

Which one is correct?

Which measure is included in Fiscal Measures?

Read the given case study and answer the question.

Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.

Standard economic theories failed to explain the post war rapid growth due to ______.

‘As the income increases, people tend to save more’. Justify the given statement.

Compare and analyse the following information related to Imports and Exports of the three neighbouring nations:

“India has failed to implement the recommendations of Education Commission of 1964-66.” Give valid arguments in support of the given statement.

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

Assertion (A): During 1980's, economic growth rate of Pakistan was more than that of India.

Reason (R): Pakistan followed the path of mixed economic structure with equal participation of the public and the private sector.

Fiscal deficit equals :

(a) Interest payments

(b) Borrowings

(c) Interest payments less borrowing

(d) Borrowing less interest payments

Distinguish between revenue deficit and fiscal deficit.

Explain 'Revenue Deficit in a Government budget? What does it indicate?