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

Suppose the demand and supply equations of a commodity X in a perfectly competitive market are given by :
Q_d = 1700 – 2P
Q_s = 1300 + 3P
Calculate the value of equilibrium price and equilibrium quantity of the commodity X.

Answer the following question.
Define net exports. How is it different from the net factor income from abroad?

State whether the following statement is true or false. Give reasons for your answer :
When the equilibrium price is greater than the market price there will be excess supply in the market.

Answer the following question:
The market for a good is in equilibrium. How would an increase in an input price affect the equilibrium price and equilibrium quantity, keeping other factors constant? Explain using a diagram.

Agriculture sector contributed ______ percent to the GDP in 1990-91.

What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?

Which one of the following measures was not a part of tenancy reforms?

The motive behind the introduction of land reforms in India was ______.

Land ceiling refers to ______.

All the state government imposed land ceiling in 1960 except?

In which year India adopted HYVP?

Initially, HYVP was implemented in about ______.

Which Indian state has been held as a success story in the efficient implementation of milk cooperatives?

How much do the “inland sources” contribute to the total fish production in India?

Name the state which is held as a success story in the efficient implementation of milk cooperative.

Blue revolution is associated with ______.

______ comes under horticulture.

Which of the following accounts for the largest share in the livestock sector of India?

____________ is the portion of agricultural produce which is sold in the market by the farmers, after meeting their self-consumption requirements.

Before the advent of the Green Revolution in the 1960s, India was primarily dependent on ____________ for the supply of food grains.