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

______ is the apex body which coordinates the functioning of different financial institutions working for the expansion of rural credit.

The scheme of microfinance is extended through ______.

Which one of the following is not a non-institutional source of credit?

Which of the following falls under unorganized sector?

14 major commercial banks were nationalised in ______.

National Bank for Agricultural and Rural Development (NABARD) was set up in 1982 as a/the ____________ body to coordinate the activities of all institutions involved in the rural financing system.

Read the following statements carefully and choose the correct alternatives given below:

Statement 1 - The emergence of Self-Help Groups (SHG’s) ensured the reduction in the fissures of the formal credit system.

Statement 2 - The borrowings from SHGs are mainly confined to consumption purposes by their members.

Read the following statements -Assertion (A) and Reason(R), Choose one of the correct alternatives given below:

Assertion (A): Since the default rates of farm loans have become chronically high due to multiple reasons, the rural banks are facing a lot of cash crunch.

Reason(R): Due to lack of proper storage facilities a lot of farm produce is wasted.

How is microeconomics different from macroeconomics?

National income is equal to ______.

To include the value of goods or services more than one time while calculating National Income is called:

Which of the following is NOT a stock variable?

Distinguish between ‘Value of Output’ and ‘Value Added’.

Identify which of the following is a source of non-institutional credit in the rural areas of India.

Discuss briefly the importance of micro-credit programmes in rural development.

"In an economy ex-ante Aggregate Demand is more than ex-ante Aggregate Supply."
Explain its impact on the level of output, income and employment.

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

Suppose for a given economy,

S = -60 + 0.1Y

I = ₹ 4,000 crore

(Where S = Saving Function, Y = National Income and I = Investment Expenditure)

Equilibrium level of Income would be ₹ ______ crore.

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

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.