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

‘Under the Ayushmaan Bharat Scheme, the Government provides free medicines to the economically backward section of the society’.

Identify and discuss the nature of the government expenditure indicated in the given statement.

“In order to protect domestic industries, India followed the regime of restrictions on imports.”

Briefly outline and discuss such steps taken by the government to promote import substitution policy.

“Organic Farming is the need of the hour to promote sustainable development but, has its own limitations.”

Elaborate any two advantages and limitations each of organic farming in the light of the above statement.

‘Mr. Rishi, after completing his education, has joined his family business but his marginal productivity is zero.'

Comment upon the employment status of Mr. Rishi. Give valid reasons in support of your answer. 

'Deficit' in Balance of payment (BOP) refers to the excess of ______.

Distinguish between Autonomous transactions and Accommodating transactions. 

State the meaning of organic farming. Discuss how does it help in promoting sustainable development.

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

Rising population is not the cause for quality of human capital formation. 

Suppose, Country X, has more inflation than Country Y. Which of the following is most likely situation to happen in such a case, assuming other factors being constant?

Government insure expenditure to popularize yoga among the masses. Analyses its impact on gross domestic product and welfare of the people.

An economy is in equilibrium. Find investment expenditure :

National income =1200

Autonomous consumption expenditure=150

Marginal Propensity to consume =0.8

Explain the meaning of Budget set 

Give the equation of Budget Line.

Explain the major components of government budget.

From the data given below about an economy, calculate (a) investment expenditure and (b) consumption expenditure.

Explain the implications of large number of sellers in a perfectly competitive market.

Explain why there are only a few firms in an oligopoly market. 

What is the difference between ex ante investment and ex post investment?

Which is regarded as the defining year to mark the demographic transition from its first to the second decisive stage?

Give a quantitative appraisal of India’s demographic profile during the colonial period.