CBSE Class-12 Economics: Questions 7 - 15 of 523

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Question number: 7

» Balance of Payments » Balance of Payments Account

Short Answer Question▾

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Explain the meaning of deficit in Balance of Payments.

Question number: 8

» Government Budget and the Economy » Measures of Government Deficit

One Liner Question▾

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How is primary deficit calculated?

Question number: 9

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

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Find the profit maximizing level of output from the following:

Information to calculate profit maximizing output

data of price, ATC, no. of unit sold is given

Quantity sold (units)

Price ( Rs. per unit)

Average Total Cost ( Rs. )

7

10

6

8

9

5

9

8

6

10

7

7

Question number: 10

» Government Budget and the Economy » Classification of Expenditure

Short Answer Question▾

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What is the basis of classifying government expenditure into:

(a) Plan expenditure and non-plan expenditure

(b) Developmental expenditure and non-developmental expenditure.

Question number: 11

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

Short Answer Question▾

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How does the nature of a commodity influence its price elasticity of demand?

Question number: 12

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

One Liner Question▾

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What is meant by cash reserve ratio?

Question number: 13

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

One Liner Question▾

Write in Brief

Define ‘change in demand’

Question number: 14

» Determination of Income and Employment » Aggregate Demand and Its Components

Essay Question▾

Describe in Detail

Explain the meaning of underemployment equilibrium. State two policy measures that the government can take to make the economy reach full employment equilibrium.

Explanation

An economy is in equilibrium when aggregate demand is equal to aggregate supply. If aggregate demand is only sufficient to support a level of aggregate supply at less than full employment, then the economy is in under full employment equilibrium.

The two policy measures that the government can take are:… (9 more words) …

Question number: 15

» Producer Behaviour and Supply » Producer's Equilibrium

Short Answer Question▾

Write in Short

On the basis of the information given below, determine the level of output at which the producer will be in equilibrium. Use the marginal cost – marginal revenue approach. Give reasons for your answer.

table shows average revenue and total cost of no. of output

it shows the effect of increase or decrease in output on total cost

Output (Units)

Average Revenue (Rs)

Total Cost (Rs)

1

7

8

2

7

15

3

7

21

4

7

26

5

7

33

6

7

41

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