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Chapters
1: Micro and Macro Economics - An Introduction
2: Demand and Law of Demand
3: Elasticity of Demand
4: Theory of Consumer's Behaviour : Cardinal Utility Analysis
5: Theory of Consumer's Behaviour : Indifference Curve Analysis
6: Supply and Law of Supply
7: Revenue Analysis
8: Cost Theory Analysis
9: Forms of Market
10: Concept of Production and Law of Returns
11: Equilibrium of Firm and Industry Under Perfect Competition
12: Producer's Equilibrium Under Perfect Competition
13: Price Output Under Perfect Competition
14: Price Output Determination Under Monopoly
15: Price Output Determination Under Monopolistic Competition and Oligopoly
Unit 2 : Theory of Income and Employment
16: Basic Concepts of Macro Economics
17: Aggregate Demand and Supply - Determinants of Equilibrium
18: Consumption Function {Propensity to Consume)
19: Concept of Investments-Types and Determinants
20: Multiplier - I : Static and Dynamic
21: Full Employment and Voluntary Unemployment
22: Problems of Deficient Demand and Excesss Demand
▶ 23: Measures to Correct Deficient and Excess Demand
Unit 3 : Money and Banking
24: Money - An Introduction
25: Bank and Commercial Bank
26: Central Bank
Unit 4 : International Trade
27: Balance of Payments
28: Foreign Exchange Rate
Unit 5 : Public Finance
29: Fiscal Policy
30: Budget
Unit 6 ; National Income
31: National Income and Circular Flow of Income
32: Concepts of National Income
33: Measurement of National Income
34: National Income and Economic Welfare
![R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 23 - Measures to Correct Deficient and Excess Demand - Shaalaa.com](/images/economics-english-class-12-isc_6:0ec86a6424ae41d2b0d71f72fec46101.jpg "R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 23 - Measures to Correct Deficient and Excess Demand")
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Solutions for Chapter 23: Measures to Correct Deficient and Excess Demand
Below listed, you can find solutions for Chapter 23 of CISCE R. K. Lekhi and P. K. Dhar for Economics [English] Class 12 ISC.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 23 Measures to Correct Deficient and Excess Demand TEST QUESTIONS [Pages 23.11 - 23.12]
SHORT ANSWER QUESTIONS
Define fiscal policy.
What is a Budget?
State the types of Budgets?
What is meant by balanced budget?
What is deficit budget?
What is Surplus Budget?
State the fiscal measures which are recommended during excess demand?
Explain the objectives of fiscal policy?
Explain how fiscal policy measures can be used to reduce excess demand in an economy.
Define Monetary Policy?
State objectives of Monetary Policy?
State any three instruments of monetary policy.
What is the basic difference between fiscal and monetary policy, and what is the common objective of these policies?
LONG ANSWER QUESTIONS
What is monetary policy?
What are the objectives of Monetary Policy? Explain.
What do you understand by fiscal policy?
Explain the objectives of fiscal policy?
Explain how fiscal policy measures can be used to reduce excess demand in an economy.
Explain the instruments of monetary policy.
Explain deficient demand.
What measures are taken to correct deficient demand?
How is monetary policy used to correct deficient demand? Explain.
What do you understand by fiscal policy?
How is Fiscal Policy used to correct excess demand? Discuss.
Suggest two monetary measures to correct excess demand in an economy.
What do you understand by fiscal policy?
Explain how fiscal policy measures can be used to reduce excess demand in an economy.
State two fiscal measures to correct deficient demand in an economy.
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC 23 Measures to Correct Deficient and Excess Demand EXAMINATION CORNER [Page 23.12]
(Questions From Previous ISC Papers)
Explain how fiscal policy measures can be used to reduce excess demand in an economy.
What do you understand by fiscal policy?
Name any two instruments of Fiscal Policy.
Solutions for 23: Measures to Correct Deficient and Excess Demand
R. K. Lekhi and P. K. Dhar solutions for Economics [English] Class 12 ISC chapter 23 - Measures to Correct Deficient and Excess Demand
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Concepts covered in Economics [English] Class 12 ISC chapter 23 Measures to Correct Deficient and Excess Demand are Structure of Public Finance > Fiscal Policy, Fiscal Policy and Deflationary Gap, Fiscal Policy and Inflationary Gap, Monetary Policy, Instruments of Monetary Policy, Objectives of Monetary Policy, Foreign Trade Policy.
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