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

In order to tackle the problem of rising general price in an economy, government may come up with a surplus budget to achieve the budget objective of ______.

1. reallocation of resources
2. price stability
3. redistribution of income

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

Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as ______ benefits.

China initiated ______ in 1958, that aimed at industrializing the country on a massive scale.

Statement 1: Amongst India, China and Pakistan, China is the largest nation and has the higest population density.

Statement 2: One-child policy introduced in the late 1970s in china led to a considerable decline in the population growth rate.

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

"Expenditure on On-the-job training is an important means of human capital formation in an economy."
Give valid reasons to justify the given statement.

State any two features of public goods.

Under ______ in China, farmers and industrial units were required to buy and sell fixed quantities of inputs and outputs on the basis of prices fixed by the government and the rest were purchased and sold at market prices.

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

From the set of the events given in column I and corresponding facts given in Column II, choose the correct pair of statements:

“Ravya was initially working as an office clerk in a firm. In the pursuit to attain, a higher position and income, she attended a few on-the-job training sessions. These sessions contributed positively to her skills and expertise.”

Explain the impact of Ravya’s decision on human capital formation.

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.

Statement 1: Great Proletarian Cultural Revolution was introduced in China in 1950's.

Statement 2: China's growth is mainly contributed by the manufacturing sector.

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

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

Identify, which of the following are associated with the problem of human capital formation in India?

1. Brain drain
2. Low academic standards
3. Rising population
4. Changes in social outlook

Interpret the situation of earth as depicted in the given picture, with reference to current environmental challenges:

State with valid reason whether the following statement is true or false:

“Higher productivity and production are the outcome of investment in human resources.” 

Explain the importance of credit availability to farmers in rural development. 

Statement 1: In a two sector economy, consumption expenditure and investment expenditure are the two components of Aggregate Demand.

Statement 2: Aggregate demand curve always start from point of origin with positive slope.

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

Assuming that no resource is equally efficient in production of all goods, name the curve which shows production potential of the economy. Explain, giving reasons, its properties.