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

Unemployment is the result of:

Most of the disguised unemployed persons in India are found in:

Unemployed people is calculated as:

Assertion (A): Unemployment and poverty are inseparable twins.

Reason(R): Unemployment is the root cause of all socio-economic evils

Defend or refute the following statement with a valid explanation:

‘Disguised unemployment is a common form of unemployment in rural India’

'Ram is able to get work only for two hours in a day. Rest of the day, he is looking for work.' Is he unemployed? What kind of job could person like Ram be doing?

Statement 1: China introduced structural economic reforms on its own, without any pressure.

Statement 2: Scholars argue that in India, the economic reforms process led to the worsening of all the economic indicators.

Statement 1: Special Economic Zones (SEZ's) policy has led to huge Foreign Direct Investment (FDI) flow to China.

Statement 2: China's rapid industrial growth was the result of its economic reform in 1981.

In the light of the given statements, choose the correct alternative:

“In rural areas of India more members of a family are engaged on work, yet the gross income of the family is generally low.”

Identify the type of unemployment indicated in the above statement and explain the paradox associated with it. 

What do the short run marginal cost, average variable cost and short run average cost curves look like?

At which point does the SMC curve intersect SAC curve? Give reason in support of your answer.

Do you think that in the last 50 years, employment generated in the country is commensurate with the growth of GDP in India? How?

Which of the following is not an employment generation programme?

“Since independence, the government has been playing an important role in generating employment directly or indirectly.” Discuss.

What is the relation between marginal cost and average variable cost when marginal cost is rising and average variable cost is falling?

Draw Average Variable Cost, Average Total Cost ad Marginal Cost curves in a single diagram.

What is the relation between Average Variable Cost and Average Total Cost, if Total Fixed Cost is zero?

What happens to the difference between Average Total Cost and Average Variable Cost as production is increased?

State the relation between MC curve and AVC and ATC curves.

How does the following factor contribute to the environmental crisis in India? What problem does it pose for the government?

Rising population