CBSE Class-12 Economics: Questions 186 - 195 of 523

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Question number: 186

» Government Budget and the Economy » Government Budget

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain the ‘redistribution of income’ objective of Government budget.

Explanation

Redistribution of income is one of the important objectives of government budget. The government through its budgetary policy attempts right distribution of income in an economy. This is done through taxation and expenditure policy. The government taxes the higher income groups in the economy. Purchasing power extracted from the higher… (50 more words) …

Question number: 187

» Market and Price Determination » Oligopoly

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Distinguish between collusive and non-collusive oligopoly. Explain how the oligopoly firms are interdependent in taking price and output decisions.

Explanation

Distinguish between collusive and non-collusive oligopoly

In detail distinguish between collusive and non-collusive oligopoly

Characteristics

Collusive ‘oligopoly

Non-collusive oligopoly

What collude in this?

This firm might decide to collude together and not to compete with each other.

This firm do not collude and instead compete with each other.

Definition

If… (49 more words) …

Question number: 188

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Distinguish between devaluation and depreciation of domestic currency.

Explanation

Distinguish between devaluation and depreciation of domestic currency.

Distinguish between devaluation and depreciation of domestic currency in details.

Characteristic

Devaluation of domestic currency

Depreciation of domestic currency

Definition

Devaluation of domestic currency is lowering of value of domestic currency and it is against by monetary authority.

Depreciation of domestic currency… (56 more words) …

Question number: 189

» Market and Price Determination » Monopolistic Competition

Appeared in Year: 2010

Short Answer Question▾

Write in Short

Name the characteristic which makes monopolistic competition different from perfect competition.

Question number: 190

» Government Budget and the Economy » Government Budget

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain the ‘allocation of resources’ objective of Government budget.

Explanation

Allocation of resources is one of the important objectives of government budget. The private producers aim profit maximization and the government aims welfare maximization. The private sector tend to divert resource areas of high profit and ignore areas of social welfare. The government through its budgetary policy reallocates resources to… (25 more words) …

Question number: 191

» Determination of Income and Employment » Meaning & Types of Employment & Unemployment

Appeared in Year: 2009

Short Answer Question▾

Write in Short

Define involuntary unemployment

Question number: 192

» Producer Behaviour and Supply » Cost

Appeared in Year: 2010

True-False▾

Following Statement is true or false:

Average variable cost can fall even when marginal cost is rising.

Question number: 193

» National Income and Related Aggregates » GDP and Welfare

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain how ‘distribution of gross domestic product’ is a limitation in taking gross domestic product as an index of welfare.

Explanation

Gross domestic product is included in market value of goods and services. Gross domestic product is index of welfare depending on distribution of income in economy.

Welfare of people decreases because of increase in Gross domestic product and output causes increase in the income. Some people remain derived

Gross Domestic… (29 more words) …

Question number: 194

» Balance of Payments » Determination of Exchange Rate in a Free Market

Appeared in Year: 2010

Short Answer Question▾

Write in Short

Give the meaning of ex-ante savings.

Question number: 195

» Government Budget and the Economy » Classification of Expenditure

Appeared in Year: 2009

Short Answer Question▾

Write in Short

Why is repayment of loan a capital expenditure?

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