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

Bring out the differences between human capital and human development.

How is human development a broader term as compared to human capital?

What do you mean by agricultural marketing?

Distinguish between ‘Green Revolution’ and ‘Golden Revolution’.

Explain the role of non-farm employment in promoting rural diversification.

Bring out the importance of animal husbandry, fisheries and horticulture as a source of diversification.

Find the odd man out:

1. owner of a saloon
2. a cobbler
3.  a cashier in Mother Dairy
4.  a tuition master
5. transport operator
6. construction worker. 

An establishment with four hired workers is known as __________ sector establishment. 

Find the odd man out
(i) rickshaw puller who works under a rick- shaw owner
(ii) mason
(iii) mechanic shop worker
(iv) shoeshine boy.

Why are regular salaried employees more in urban areas than in rural areas?

Why are less women found in regular salaried employment?

Compare and contrast India and China’s sectoral contribution towards GDP in 2003. What does it indicate?

State on which side of capital account/current account will the following transactions be recorded and why:
(i) Interest on loan received from Nepal
(ii) Import of mobile phones from China

Answer the following question.
What precautions should be taken while estimating national income by value-added method? Explain. 

Define the following: Value Addition

What was the growth rate of per capita income in India on the eve of Independence?

Where was the first iron and steel company established?

The motive of British government behind de-industrialisation was:

1. To get raw material from India at cheap rate
2. To sell British manufactured goods in Indian market at high prices
3. To focus on development of agriculture
4. To get finished products from India at cheap rate

The decline of handicraft industries led to:

1. Large scale unemployment
2. Encouraged the import of manufactured goods from Britain
3. Development of capital goods industries in India
4. Encouraged the export of manufactured goods to Britain