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

‘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. 

State with valid reason whether the following statement is true or false:

‘Self employed workers are different from hired workers.’

How are the equilibrium price and quantity affected when both demand and supply curves shift in the same direction?

Suppose the demand and supply curves of salt are given by:

q^D = 1,000 − p q^S = 700 + 2p

(a) Find the equilibrium price and quantity.

(b) Now, suppose that the price of an input that used to produce salt has increased so, that the new supply curve is

q^S = 400 +2p

How does the equilibrium price and quantity change? Does the change conform to your expectation?

(c) Suppose the government has imposed a tax of Rs 3 per unit of sale on salt. How does it affect the equilibrium rice quantity?

What is the supply curve of a firm in the short run?

What is the supply curve of a firm in the long run?

How does technological progress affect the supply curve of a firm?

How does the imposition of a unit tax affect the supply curve of a firm?

How does an increase in the price of an input affect the supply curve of a firm?

How are the equilibrium price and quantity affected when demand and supply curves shift in opposite directions?

Is it necessary to generate employment in the formal sector rather than in the informal sector? Why?

Objectives of privatization policy are ______.

When we add Net factor income from abroad to GDP, we get:

What percent of urban workers are casual labourers?

Which of the following is a primary sector activity?

What proportion of the urban workforce is engaged in the secondary sector?

Name any one Maharatana company.

“In the post-reform period, the Government of India decided to retain profit-making Public Sector Undertakings (PSUs). It provided a special status to PSUs to enable them to expand in the global market.”

Do you agree with the given statement? Give valid reasons in support of your answer.

‘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. 

State the meaning of 'Privatisation'.