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

What are the main functions of money? How does money overcome the shortcomings of a barter system?

What is transaction demand for money? How is it related to the value of transactions over a specified period of time?

What is high-powered money?

What is marginal propensity to consume? 

Explain the automatic mechanism by which BoP equilibrium was achieved under the gold standard.

Should a current account deficit be a cause for alarm? Explain.

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 high yielding variety (HYV) seeds?

What is marketable surplus?

Explain the need for land reforms implemented in the agriculture sector.  

Why was green revolution implemented? Explain in brief.

Explain the statement that green revolution enabled the government to procure sufficient food grains to build its stocks that could be used during times of shortage.

While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.

Why, despite the implementation of green revolution, 65 per cent of our population continued to be engaged in the agriculture sector till 1990?

Why is agricultural diversification essential for sustainable livelihoods?

What are the alternative channels available for agricultural marketing? Give some examples.