Commerce (English Medium) Class 12 - CBSE Question Bank Solutions

Choose the correct alternative from given options:
Shift from Point A on Production Possibility Curve X₁Y₁ to point B on X₂Y₂ in the given figure indicates: 

Fill up the blank.
A Production Possibility Curve (PPC) would be convex to the origin if the Marginal Rate of Transformation (MRT) is ___________.

Answer the following question.
Why is a Production Possibility Curve concave to the origin? Explain.

State the meaning of the following:

Autonomous Consumption

Supply of money refers to quantity of money ______.

______ is the primary function of money.

Money is a medium of ______.

Money is something that is ______.

Which of the following transactions are recorded in the current account of the balance of payments?

At the time of independence, most of the land was owned by ______.

Which of the following activities is included in the primary sector?

Which of the following was the major occupation on the eve of independence?

Identify which of the following is not an example of ‘invisible item’ under Current Account of the Balance of Payments transactions:

Under the Balance of Payments structure of a nation, the two main categories of accounts for the classification of the transactions are ____________ and ____________.

i. current account

ii. unilateral transfer account

iii. capital account

iv. loan account

Identify the correct alternatives from the following:

Prior to India's independence, the stagnation in the agricultural sector was mainly caused by ____________.

In equation C = a + by, the value of b lies between ______.

Money on wings indicates ______.

Final goods refer to those goods which are used either for ______ or for ______.

Which of the following is not an indicator of human development?

Read the following statements carefully:

Statement 1: The consumption curve is an upward sloping straight line curve due to the direct relationship between income and consumption and the assumption of constant Marginal Propensity to Consume.

Statement 2: Aggregate Demand curve and Consumption curve are parallel to each other.

In the light of the given statements, choose the correct alternative from the following: