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

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In how many sectors is the occupational structure of India is divided?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

The level of unemployment among educated youth is the highest.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined

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Which of the following is not an indicator of education level?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined

Occupational structure refers to ____________.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined
S. No. Content Rs (in crores)
1. Revenue Expenditure 100
2. Capital Receipts 40
3. Net Borrowings 38
4. Net Interest Payments 27
5. Tax Revenue 50
6. Non-tax Revenue 15

Which of the following is the formula for revenue deficit?

[4] Government Budget and the Economy
Chapter: [4] Government Budget and the Economy
Concept: undefined >> undefined
S. No. Content Rs (in crores)
1. Revenue Expenditure 100
2. Capital Receipts 40
3. Net Borrowings 38
4. Net Interest Payments 27
5. Tax Revenue 50
6. Non-tax Revenue 15

Which of the following is MOST LIKELY to be the main contributor to the fiscal deficit in this case?

[4] Government Budget and the Economy
Chapter: [4] Government Budget and the Economy
Concept: undefined >> undefined

Compare the trends depicted in the figures given below:

Figure 1: Trends in Fiscal deficit
and Primary deficit
Figure 2: Fiscal deficit as a percent of Budget estimate 
[4] Government Budget and the Economy
Chapter: [4] Government Budget and the Economy
Concept: undefined >> undefined

How good is the system of G.S.T as compared to the old tax system?

[4] Government Budget and the Economy
Chapter: [4] Government Budget and the Economy
Concept: undefined >> undefined

On the basis of the given information, calculate the value of:

  1. Fiscal deficit
  2. Primary deficit
S.No. Items 2021-22
(₹ in crore)
(i) Revenue Receipts 20
(ii) Capital Expenditure 15
(iii) Revenue Deficit 10
(iv) Non-debt creating capital receipts 50% of revenue receipts
(v) Interest Payments 4
[4] Government Budget and the Economy
Chapter: [4] Government Budget and the Economy
Concept: undefined >> undefined

“The pre-independent India’s occupational structure experienced growing regional variation.”

Justify the above statement with valid explanation.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Identify the correct reason(s) that may affect the demand for foreign exchange in an economy.

  1. Imports of visibles
  2. Exports of invisibles
  3. Remittances by residents working abroad
  4. Purchase of assets abroad
[5] Balance of Payments
Chapter: [5] Balance of Payments
Concept: undefined >> undefined

Complete the following table:

Units of Labour Average Product (Units) Marginal Product (Units)
1 8 .............
2 10 ............
3 ............ 10
4 9 ...........
5 ............. 4
6 7 ............
[3] Production and Costs
Chapter: [3] Production and Costs
Concept: undefined >> undefined

Complete the following table:

Units of Labour

Average Product

(Units)

Marginal Product

(Units)

1

16

…….

2

20

……..

3

…….

20

4

18

……..

5

……

8

6

14

……..

[3] Production and Costs
Chapter: [3] Production and Costs
Concept: undefined >> undefined

Distinguish between the nominal exchange rate and the real exchange rate. If you were to decide whether to buy domestic goods or foreign goods, which rate would be more relevant? Explain.

[5] Balance of Payments
Chapter: [5] Balance of Payments
Concept: undefined >> undefined

Suppose it takes 1.25 yen to buy a rupee, and the price level in Japan is 3 and the price level in India is 1.2. Calculate the real exchange rate between India and Japan (the price of Japanese goods in terms of Indian goods).

[5] Balance of Payments
Chapter: [5] Balance of Payments
Concept: undefined >> undefined

What is the marginal propensity to import when M = 60 + 0.06Y? What is the relationship between the marginal propensity to import and the aggregate demand function?

[5] Balance of Payments
Chapter: [5] Balance of Payments
Concept: undefined >> undefined

Suppose the exchange rate between the Rupee and the dollar was Rs. 30=1$ in the year 2010. Suppose the prices have doubled in India over 20 years while they have remained fixed in USA. What, according to the purchasing power parity theory will be the exchange rate between dollar and rupee in the year 2030.

[5] Balance of Payments
Chapter: [5] Balance of Payments
Concept: undefined >> undefined

Explain the term ‘infrastructure’.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

Explain the two categories into which infrastructure are divided. How are both interdependent?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined

How do infrastructure facilities boost production?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
Concept: undefined >> undefined
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