CBSE Class-12 Economics: Questions 117 - 126 of 523

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Question number: 117

» Consumer's Equilibrium and Demand » Demand » Demand Curve

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State three changes leading to the shift of demand curve of a consumer to the right.

Question number: 118

» Introductory Microeconomics » What Is an Economy?

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State two features of resources that give rise to an economic problem.

Question number: 119

» Money and Banking » Commercial Banking System

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Name any three types of deposit accounts of commercial banks and also state one of their distinguishing features.

Question number: 120

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

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What are open market operations? What is their effect on availibility of credit?

Question number: 121

» Consumer's Equilibrium and Demand » Demand » Elasticity of Demand

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Calculate the price elasticity of demand for a commodity when its price increases by 25 % and quantity demanded falls from 150 units to 120 units.

Question number: 122

» Market and Price Determination » Perfect Competition

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Explain the implications of the following features of perfect competition:

(a) large number of buyers and sellers

(b) freedom of entry and exit of firms

Question number: 123

» Consumer's Equilibrium and Demand » Consumer's Equilibrium

» Producer Behaviour and Supply » Producer's Equilibrium

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There is a simultaneous ‘decrease’ in demand and supply of a commodity. Explain its effect on equilibrium price.

Question number: 124

» Producer Behaviour and Supply » Cost

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Explain the concept of opportunity cost with the help of an example.

Question number: 125

» Introductory Microeconomics » What Is an Economy?

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Explain the central problem of distribution in an economy.

Question number: 126

» Government Budget and the Economy » Measures of Government Deficit

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What are the implications of a large revenue deficit? Give two measures to reduce this deficit.

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