CBSE Class-12 Economics: Questions 103 - 112 of 523

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Question number: 103

» Market and Price Determination » Monopolistic Competition

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Explain the implication of ‘product differentiation’ feature of monopolistic competition.

Question number: 104

» Introductory Microeconomics » What Is an Economy?

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State the problems relating to allocation of resources in an economy.

Question number: 105

» Money and Banking » Money Creation

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What will be the effect of a rise in bank rate on money supply?

Question number: 106

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

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Why are exports included in the estimation of domestic product by the expenditure method? Can gross domestic product be greater than gross national product? Explain.

Question number: 107

» Producer Behaviour and Supply » Production Function

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

Question number: 108

» Money and Banking » Central Bank & Its Functions » Open Market Operations

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Explain the open market operations method of credit control used by a Central Bank:

Question number: 109

» Balance of Payments » Foreign Exchange Rate

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What is meant by foreign exchange rate?

Question number: 110

» Market and Price Determination » Oligopoly

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Give the meaning of ‘oligopoly’.

Question number: 111

» Market and Price Determination » Perfect Competition

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Explain the implication of ‘homogenous product’ feature of perfect competition.

Question number: 112

» Producer Behaviour and Supply » Revenue

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Complete the following table:

Table to Calculate the missing items like price, MR, TR

some of the information is given which helps to find out missing items

Output (units)

Price ( Rs. )

Marginal Revenue ( Rs. )

Total Revenue ( Rs. )

1

-

10

-

2

9

-

-

3

-

-

24

4

-

4

-

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