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

Suppose the exchange rate between the Rupee and the dollar was Rs. 30=1$ in the year 2010. Suppose the prices have doubled in India over 20 years while they have remained fixed in USA. What, according to the purchasing power parity theory will be the exchange rate between dollar and rupee in the year 2030.

Define budget deficit and trade deficit. The excess of private investment over saving of a country in a particular year was Rs 2,000 crores. The amount of budget deficit was (−) Rs 1,500 crores. What was the volume of trade deficit of the country?

Victor is able to get work only for two hours in a day. Rest of the day, he is looking for work. Is he unemployed? Why? What kind of jobs could persons like Victor be doing?

Explain the term ‘infrastructure’.

Explain the two categories into which infrastructure are divided. How are both interdependent?

Infrastructure contributes to the economic development of a country. Do you agree? Explain.

State the relation between marginal product and average product. Show this relation in a diagram.

When were the railways Introduced in India?

Assertion (A): Public goods are those goods and services that are collectively consumed by the public.

Reason (R): Public goods are excludable and rivalrous in nature.

An example of factor payments is:

According to classical economists, the real wage rate is ______ to the Marginal Productivity of Labour. 

Calculation of National Income at Market Prices is known as ____________.

Which one is a component of profit?

Which of the following statements is not correct with regards to infrastructure?

Which of the following facilities is included in social infrastructure?

The unemployment rate for ____________ are found to be higher than for ____________.

Labour force refers to:

Which of the following is false regarding the labour force?

When a labour does not get employment opportunity despite his willingness to work at the existing wage rate.