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

Which of the following countries ranks first in the development experience?

When were economic reforms initiated in China?

What was the fertility rate in Pakistan in 2015?

In which of the following indicators is Pakistan ahead of India and China?

The main reason for soil erosion is ______.

Which of the following countries has introduced the one-child norm?

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

With which of the following concepts is the commune system associated?

How many people died in the devastating earthquake that took place in Pakistan in 2005?

When did China announce its first five-year plan? 

What was the fertility rate in Pakistan in 2018? 

The Great Leap Forward campaign in China focused on ______ 

The growth rate of the population is highest in which of the following country?

The introduction of Economic Reform in Pakistan took place in year ______.

Workers enjoy job security in:

Out of these which of the following is a worker?

Read the given case study and answer the questions

Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.

Which of the following gives the definition of public goods?

Read the given case study and answer the questions

Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.

Consider the situation of 2 countries – A and B. Country A has invested more towards the
technological progress whereas Country B has invested more towards expanding its military
network and arms. To Solow, which country would go faster?

Read the given case study and answer the questions

Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.

In the context of the above paragraph, the ‘residual’ factor include ______.

Compare and analyze the ‘Women Worker Population Ratio’ in Rural and Urban areas based on following information: