CBSE Class-12 Economics: Questions 1 - 6 of 523

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Question number: 1

» Producer Behaviour and Supply » Cost

One Liner Question▾

Write in Brief

Give the meaning of marginal cost.

Question number: 2

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

Essay Question▾

Describe in Detail

From the following data calculate National Income by Income and Expenditure

methods:

data to calculate national income

it shows particulars with its amount

NO.

(Rs crores)

1

Government final consumption expenditure

100

2

Subsidies

10

3

Rent

200

4

Wages and salaries

600

5

Indirect taxes

60

6

Private final consumption expenditure

800

7

Gross domestic capital formation

120

8

Social security contributions by employers’

55

9

Royalty

25

10

Net factor income paid to abroad

30

11

Interest

20

12

Consumption of fixed capital

10

13

Profit

130

14

Net exports

70

15

Change in stock

50

Explanation

Income Method

National Income = (4) + (8) + (3 + 9) + (11) + (13) – (10)

= 600 + 55 + (200 + 25) + 20 + 130 - 30

= Rs. 1, 000 crores

Expenditure Method

National Income = 6 + 1 + 7 + 14 –… (28 more words) …

Question number: 3

» Government Budget and the Economy » Classification of Receipts

One Liner Question▾

Write in Brief

State any two sources of non-tax revenue receipts.

Question number: 4

» Determination of Income and Employment » Propensity to Consume and Propensity to Save

Essay Question▾

Describe in Detail

Draw a straight line consumption curve. From it derive a savings curve explaining the process. Show on this diagram:

(a) the level of income at which Average Propensity to Consume is equal to one.

(b) a level of income at which Average Propensity to Save is negative

Explanation

straight line consumption curve

Straight Line Consumption Curve

shows savings and dissavings

ob level of income con sumption

Ob Level of Income Con Sumption

it shows when savings are zero

saving curve from consumption curve

Saving Curve From Consumption Curve

shows level of income when APC = 1 and APC=-1

AC is the consumption curve and OA is the consumption expenditure at zero

level of… (97 more words) …

Question number: 5

» Money and Banking » Central Bank & Its Functions » SLR

One Liner Question▾

Write in Brief

What is meant by Statutory Liquidity Ratio?

Question number: 6

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

Write in Short

Explain the likely behaviour of Total Product and Marginal Product when for increasing production only one input is increased while all other inputs are kept constant.

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