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

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Measure the level of ex-ante aggregate demand when autonomous investment and consumption expenditure (A) is Rs 50 crores, and MPS is 0.2 and level of income (Y) is Rs 4000 crores. State whether the economy is in equilibrium or not (cite reasons).

[3] Determination of Income and Employment
Chapter: [3] Determination of Income and Employment
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What is the law of variable proportions?

[3] Production and Costs
Chapter: [3] Production and Costs
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Match the following:

1. Prime Minister A. Seeds that give large proportion of output
2. Gross Domestic Product B. Quantity of goods that can be imported
3. Quota C. Chairperson of the planning commission
4. Land Reforms D. The money value of all the final goods and services produced within the economy in one year
5. HYV Seeds E. Improvements in the field of agriculture to increase its productivity
6. Subsidy F. The monetary assistance given by government for production activities.
[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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Discuss the importance of credit in rural development.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Explain the role of microcredit in meeting credit requirements of the poor.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Critically evaluate the role of the rural banking system in the process of rural development in India.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Answer the following question.
"Indian Rupee (₹) plunged to an all-time low of ₹ 74.48 against the US Dollar ($)".
− The Economic Times
In light of the above report, discuss the impact of the situation on Indian Imports.

[3] Determination of Income and Employment
Chapter: [3] Determination of Income and Employment
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Answer the following question.
What precautions should be taken while estimating national income by value-added method? Explain. 

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Define the following: Value Addition

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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According to adjustable peg system (or Bretton Woods System ) of Exchange Rate ______.

[5] Balance of Payments
Chapter: [5] Balance of Payments
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It is a conscious design to shape the socio-economic processes in order to achieve an objective?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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When was NITI Aayog established?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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Who is the ex-officio chairman of the planning commission?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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When was Planning commission established?

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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When was the National Bank for Agricultural and Rural Development set up?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Which of the following is an institutional source of rural credit?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Which source of credit had emerged to fully integrate the formal credit system into the overall rural social and community development?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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The problems faced in rural banking are ______.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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