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

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Economics
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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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______ is the apex body which coordinates the functioning of different financial institutions working for the expansion of rural credit.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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The scheme of microfinance is extended through ______.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Which one of the following is not a non-institutional source of credit?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Which of the following falls under unorganized sector?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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14 major commercial banks were nationalised in ______.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/the ____________ body to coordinate the activities of all institutions involved in the rural financing system.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Read the following statements carefully and choose the correct alternatives given below:

Statement 1 - The emergence of Self-Help Groups (SHG’s) ensured the reduction in the fissures of the formal credit system.

Statement 2 - The borrowings from SHGs are mainly confined to consumption purposes by their members.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Read the following statements -Assertion (A) and Reason(R), Choose one of the correct alternatives given below:

Assertion (A): Since the default rates of farm loans have become chronically high due to multiple reasons, the rural banks are facing a lot of cash crunch.

Reason(R): Due to lack of proper storage facilities a lot of farm produce is wasted.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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How is microeconomics different from macroeconomics?

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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National income is equal to ______.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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To include the value of goods or services more than one time while calculating National Income is called:

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Which of the following is NOT a stock variable?

[3] Determination of Income and Employment
Chapter: [3] Determination of Income and Employment
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Distinguish between ‘Value of Output’ and ‘Value Added’.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Identify which of the following is a source of non-institutional credit in the rural areas of India.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Discuss briefly the importance of micro-credit programmes in rural development.

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