CBSE (Central Board of Secondary Education) Class-12 Economics: Questions 82 - 93 of 522

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Question 82

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Give the meaning of involuntary unemployment.

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Question 83

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What happens to total expenditure on a commodity when its price falls and its demand is price elastic?

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Question 84

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What happens to equilibrium price of a commodity if there is ‘decrease’ in its demand and ‘increase’ in its supply?

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Question 85

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State two sources of supply of foreign currency.

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Question 86

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Define ‘opportunity cost’ .

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Question 87

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Can there be a fiscal deficit in a government budget without a revenue deficit? Explain.

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Question 88

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Define cost.

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Question 89

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Explain the implication of the feature ‘Freedom of entry and exit of firms’ .

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Question 90

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Explain the shape of a production possibility frontier.

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Question 91

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State the role of central bank as a banker to the government.

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Question 92

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Explain the changes that will take place in the market for a commodity if the prevailing market price is less than the equilibrium price.

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Question 93

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Categories the following government receipts into revenue and capital receipts. Give reasons for your answer.

(a) Receipts from sale of shares of a public sector undertaking.

(b) Borrowings from public.

(c) Profits of public sector undertakings.

(d) Income tax received by government.

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