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

The decline of handicraft industries led to:

1. Large scale unemployment
2. Encouraged the import of manufactured goods from Britain
3. Development of capital goods industries in India
4. Encouraged the export of manufactured goods to Britain

Human capital treats humans as ends in themselves.

Which of the following is not a merit of human capital formation?

The stock of skill and expertise of a nation at a particular point of time is known as ______.

Read the following statements - Assertion (A) and Reason (R):

Assertion (A) - Human capital treats human beings as a means to an end (increase in productivity).

Reason(R) - Human Capital Formation decreases by way of investments in education and health.

From the given alternatives choose the correct one:

Arrange the following event in the correct chronological order:

i. The year of the great divide

ii. Establishment of Tata Iron and Steel Company (TISCO

iii. Introduction of Railways in India by the British

iv. Opening of Suez Canal

Keynes assumed that the price level was fixed because ______.

Accelartor theory of investment is the ratio of ______.

According to Keynesian multiplayer model the value of MPC is 0.75 what would be the value of multiplayer.

Interest rates and bond prices are ______.

"Supply creates its own demand” is the idea of ______.

In the classical theory, output and employment are determined by ______.

According to Keynes what causes changes in inducement to invest by entrepreneurs?

Early Keynesian economists view is ______.

What is known as the study of individual units?

Study of aggregates is known as _______.

What is the name of the book written by J. M.  Keynes?

When was the famous book of Prof. Keynes published?

When did the great depression occur?

Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?