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

The government set up the Central Pollution Control Board to control _________.

______ is not a cause for environmental degradation.

"In India women participation rate is lower in urban areas than in the rural areas." Explain with valid arguments.

Interpret the situation of earth as depicted in the given picture, with reference to current environmental challenges:

What is opportunity cost? Explain with the help of a numerical example.

Explain the concepts of Opportunity Cost and Marginal Rate of Transformation using a production possibility schedule based on the assumption that no resource is equally efficient in production of all goods.

Define opportunity cost.

A producer starts a business by investing his own savings and hiring the labour. Identify implicit and explicit costs from this information. Explain.

Use of which of the following has resulted in a significant reduction in Delhi’s pollution?

Which of the following is a conventional source of energy?

‘Pesticides are chemical compounds designed to kill pests. Many pesticides can also pose health risks to people even if exposed to nominal quantities.’

In the light of the above statement, suggest any two traditional methods for replacement of the chemical pesticides.

______ is not the strategy for Sustainable Development.

Explain how Bio-composting can be helpful in achieving the objectives of sustainable development.

"Serious concerns over the climate change is taking over the attention of the world."

In the light of the above statement and image, discuss any two strategies to tackle this global concern of Environmental degradation.

Explain the geometric method of measuring price elasticity of supply. Use Diagram.

The price elasticity of supply of a good is 0.8. Its price rises by 50 percent. Calculate the percentage increase in its supply.

Total revenue is Rs 400 when the price of the commodity is Rs 2 per unit. When price rises to Rs 3 per unit, the quantity supplied is 300 units. Calculate the price elasticity of supply.

What is the law of diminishing marginal product?

Choose the correct alternative from given options:
The average product curve in the input-output plane, will be ____________.

Explain whether the statement is true or false with reasons.

 Average product curve and Marginal product curves are 'U-shaped' curves.