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

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Economics
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How are equilibrium price and quantity affected when income of the consumers decrease.

[4] The Theory of the Firm Under Perfect Competition
Chapter: [4] The Theory of the Firm Under Perfect Competition
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What were the main causes of India’s agricultural stagnation during the colonial period?

[1] Indian Economy on the Eve of Independence
Chapter: [1] Indian Economy on the Eve of Independence
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What are high yielding variety (HYV) seeds?

[2] Indian Economy 1950-1990
Chapter: [2] Indian Economy 1950-1990
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What is marketable surplus?

[2] Indian Economy 1950-1990
Chapter: [2] Indian Economy 1950-1990
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Explain the need for land reforms implemented in the agriculture sector.  

[2] Indian Economy 1950-1990
Chapter: [2] Indian Economy 1950-1990
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Why was green revolution implemented? Explain in brief.

[2] Indian Economy 1950-1990
Chapter: [2] Indian Economy 1950-1990
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Explain the statement that green revolution enabled the government to procure sufficient food grains to build its stocks that could be used during times of shortage.

[2] Indian Economy 1950-1990
Chapter: [2] Indian Economy 1950-1990
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While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.

[2] Indian Economy 1950-1990
Chapter: [2] Indian Economy 1950-1990
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Why, despite the implementation of green revolution, 65 per cent of our population continued to be engaged in the agriculture sector till 1990?

[2] Indian Economy 1950-1990
Chapter: [2] Indian Economy 1950-1990
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Why is agricultural diversification essential for sustainable livelihoods?

[5] Rural Development
Chapter: [5] Rural Development
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What are the alternative channels available for agricultural marketing? Give some examples.

[5] Rural Development
Chapter: [5] Rural Development
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Do you think the various measures taken by the government to improve agricultural marketing are sufficient? Discuss.

[5] Rural Development
Chapter: [5] Rural Development
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What are the various means by which countries are trying to strengthen their own domestic economies?

[8] Comparative Development Experiences of India and Its Neighbours
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
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Mention the salient demographic indicators of China, Pakistan and India.

[8] Comparative Development Experiences of India and Its Neighbours
Chapter: [8] Comparative Development Experiences of India and Its Neighbours
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Choose the correct alternative from given options:
In the given figure, the movement on the production possibility curve from point A to point B shows _____________.

[1] Introduction
Chapter: [1] Introduction
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Given the following data, find the missing value of 'Government Final Consumption Expenditure' and 'Mixed Income of Self Employed'.

S.No. Particulars Amount
(In ₹ crores)
(i) National Income 71,000
(ii) Gross Domestic Capital  Formation 10,000
(iii) Government Final Consumption Expenditure ?
(iv) Mixed Income of Self Employed ?
(v) Net Factor Income from Abroad 1,000
(vi) Net Indirect Taxes 2,000
(vii) Profits 1,200
(viii) Wages & Salaries 15,000
(ix) Net Exports 5,000
(x) Private Final Consumption Expenditure 40,000
(xi) Consumption of Fixed Capital 3,000
(xii) Operating Surplus 30,000
[4] Determination of Income and Employment
Chapter: [4] Determination of Income and Employment
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Choose the correct alternative from given options:
Shift from Point A on Production Possibility Curve X1Y1 to point B on X2Yin the given figure indicates: 

[1] Introduction
Chapter: [1] Introduction
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Fill up the blank.
A Production Possibility Curve (PPC) would be convex to the origin if the Marginal Rate of Transformation (MRT) is ___________.

[1] Introduction
Chapter: [1] Introduction
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Answer the following question.
Why is a Production Possibility Curve concave to the origin? Explain.

[1] Introduction
Chapter: [1] Introduction
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State the meaning of the following:

Autonomous Consumption

[4] Determination of Income and Employment
Chapter: [4] Determination of Income and Employment
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