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

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Economics
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"In an economy ex-ante Aggregate Demand is more than ex-ante Aggregate Supply."
Explain its impact on the level of output, income and employment.

[3] Determination of Income and Employment
Chapter: [3] Determination of Income and Employment
Concept: undefined >> undefined

______ have emerged as an important micro finance system and led to women empowerment.

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

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Suppose for a given economy,

S = -60 + 0.1Y

I = ₹ 4,000 crore

(Where S = Saving Function, Y = National Income and I = Investment Expenditure)

Equilibrium level of Income would be ₹ ______ crore.

[3] Determination of Income and Employment
Chapter: [3] Determination of Income and Employment
Concept: undefined >> undefined

Micro credit programmes play a vital role in ensuring an overall development of the rural economy as they ______.

  1. provide financial support
  2. lead to women empowerment
  3. enhance the reach of formal credit system
[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
Concept: undefined >> undefined

State and elaborate whether the following statement is true or false, with valid arguments:

Jan-Dhan Yojana has been a crucial step for financial resource mobilization in the Indian economy.

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

______ is the apex institution which plans and evaluates policies related to rural credit needs.

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

Complete the table:

Producer Value of output Intermediate
Consumption
Value Added
Farmer 2,000 - 2,000
Banker __(i)__ 2,000 2,000
Retail Seller 4,400 (iii) 400
Total __(ii)__ 6,000 __(iv)__
[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Explain the importance of credit availability to farmers in rural development. 

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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When the Average Product (AP) is maximum, the Marginal Product (MP) is: (Choose the correct alternative)

(a) Equal to AP

(b) Less than AP

(c) More than AP

(d) Can be any one of the above

[3] Production and Costs
Chapter: [3] Production and Costs
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From the following data find out the level of output that will give the producer maximum profit (Use marginal cost and marginal revenue approach,) Give reasons for your answer

Output (units) 1 2 3 4 5
Total Cost (Rs) 9 17 24 29 36
Total Revenue (Rs) 11 20 27 32 35
[3] Production and Costs
Chapter: [3] Production and Costs
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What is imperfect oligopoly?

[4] The Theory of the Firm Under Perfect Competition
Chapter: [4] The Theory of the Firm Under Perfect Competition
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Explain ‘Paradox of Thrift’.

[3] Determination of Income and Employment
Chapter: [3] Determination of Income and Employment
Concept: undefined >> undefined

Why is agricultural diversification essential for sustainable livelihoods?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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What are the alternative channels available for agricultural marketing? Give some examples.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Do you think the various measures taken by the government to improve agricultural marketing are sufficient? Discuss.

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

Which among the following is a process that involves the assembling, storage, processing, transportation, packaging, grading, and distribution of different agricultural commodities across the country?

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

What is the name of the vegetable and fruit market in Andhra Pradesh?

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

Why is the minimum support price fixed by the government?

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

Agriculture marketing does not comprise of ______.

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

What is the shape of the Keynesian Aggregate Supply before the level of full employment is attained?

[3] Determination of Income and Employment
Chapter: [3] Determination of Income and Employment
Concept: undefined >> undefined
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