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

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What percent of urban workers are casual labourers?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Which of the following is a primary sector activity?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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What proportion of the urban workforce is engaged in the secondary sector?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Name any one Maharatana company.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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“In the post-reform period, the Government of India decided to retain profit-making Public Sector Undertakings (PSUs). It provided a special status to PSUs to enable them to expand in the global market.”

Do you agree with the given statement? Give valid reasons in support of your answer.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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‘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. 

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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State the meaning of 'Privatisation'.

[1] Development Experience (1947-90) and Economic Reforms since 1991
Chapter: [1] Development Experience (1947-90) and Economic Reforms since 1991
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Non-farm enterprises include:

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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The service sector includes activities such as:

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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What was the average rate of growth of employment during 1950-2010?

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Compare and analyse the sector-wise trends in employment, based on following information:

Trends in Employment (Sector-wise)

Sector 1999-2000 2011-12
Primary sector 60.4 48.9
Secondary sector 15.8 24.3
Tertiary sector 23.8 26.8
Total 100 100
[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Ram is an owner of a salon. He is temporaily absent from work due to injury.

Can he be considered as worker? Explain.

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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“In the late 1990's India experienced a widening gap between the growth of GDP and employment generation”. Discuss. 

[2] Current Challenges Facing Indian Economy
Chapter: [2] Current Challenges Facing Indian Economy
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Define externalities. Give an example of negative externality. What is its impact on welfare?

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Sale of petrol and diesel cars is rising particularly in big cities. Analyse its impact on gross domestic product and welfare.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Government spends on child immunization programme. Analyse its impact on Gross Domestic Product and welfare of the people.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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If the Real GDP is Rs400 and Nominal GDP is Rs450, calculate the Price Index (base = 100).

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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Write down some of the limitations of using GDP as an index of welfare of a country.

[1] National Income and Related Aggregates
Chapter: [1] National Income and Related Aggregates
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What does the price elasticity of supply mean? How do we measure it?

[4] The Theory of the Firm Under Perfect Competition
Chapter: [4] The Theory of the Firm Under Perfect Competition
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A firm earns a revenue of Rs 50 when the market price of a good is Rs 10. The market price increase to Rs 15 and the firm now earns a revenue of Rs 150. What is the price elasticity of the firm’s supply curve?

[4] The Theory of the Firm Under Perfect Competition
Chapter: [4] The Theory of the Firm Under Perfect Competition
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