CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 203 - 210 of 523

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Question number: 203

» National Income and Related Aggregates » Gross and Net Domestic Product

Appeared in Year: 2011

Short Answer Question▾

Write in Short

What is nominal gross domestic product?

Question number: 204

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

Appeared in Year: 2010

Short Answer Question▾

Write in Short

In which market demand curve of a firm is perfectly elastic?

Question number: 205

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

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Explain the role of the following in correcting ‘excess demand’ in an economy: (i) Bank rate. (ii) Open market operations.

Explanation

(i) Bank rate as an instrument to correct excess demand: -

Bank rate is the rate in the central bank provides loan to the commercial banks. To control excess demand the central bank increases the bank rate. A rise in the bank rate increases the cost of borrowing for the

… (107 more words) …

Question number: 206

» Balance of Payments » Foreign Exchange Rate

Appeared in Year: 2011

Essay Question▾

Describe in Detail

When price of a foreign currency rises, its supply also rises. Explain why?

Explanation

When the price of foreign currency rises then the domestic goods have become cheaper for the foreign residents because they can buy more goods and services with same worth of foreign currency. So, the foreign demand for domestic products rises. This conducts increase in the exports of domestic country. So,

… (60 more words) …

Question number: 207

» Producer Behaviour and Supply » Revenue

Appeared in Year: 2011

Essay Question▾

Describe in Detail

Distinguish between Average Revenue and Marginal Revenue with the help of a numerical example.

Explanation

Distinguish between Average Revenue and Marginal Revenue

In detail Distinguish between Average Revenue and Marginal Revenue

Characteristics

Average Revenue

Marginal Revenue

Definition

Average revenue is the revenue generated per unit of output sold.

Marginal revenue is the additional revenue that will be generated by increasing product sales by one unit.

… (8 more words) …

Question number: 208

» Market and Price Determination » Market Equilibrium

Appeared in Year: 2009

Essay Question▾

Describe in Detail

What changes will take place to bring an economy in equilibrium if

(a) Planned savings are greater than planned investment and

(b) Planned savings are less than planned investment.

Explanation

(a) Planned savings are greater than planned investment: -

Planned savings are greater than planned investment indicates that total consumption expenditure is less than purchased supply of goods and services.

High saving indicates low consumption which means required output is less than the planned output. Portion of the supply remains

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Question number: 209

» Determination of Income and Employment » Propensity to Consume and Propensity to Save

Appeared in Year: 2009

Essay Question▾

Describe in Detail

Complete the follow table:

Find Marginal Propensity to consume and Marginal Propensity to save

Find Marginal Propensity to consume and Marginal Propensity to save with explanantion

Income

Saving

Marginal Propensity to Consume

Average Propensity to Save

0

-12

-

-

20

-6

-

-

40

0

-

-

60

6

-

-

Explanation

Calculation Marginal Propensity to consume and Marginal Propensity to save

Calculation of Marginal Propensity to consume and Marginal Propensity to save with explanantion

Income (Y)

Saving (S)

Consumption

(C)

Marginal Propensity to Consume Equation

Average Propensity to Save Equation

0

-12

12

-

-

20

-6

26

0.7 Equation

-0.3

… (48 more words) …

Question number: 210

» National Income and Related Aggregates » Gross and Net Domestic Product

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Find Gross Domestic Product at Factor Cost and Factor Income To Abroad

Find Gross Domestic Product at Factor Cost and Factor Income To Abroad in details.

-

( Rs. in 000 crore)

Compensation of employees

800

Profits

200

Dividends

50

Gross national product at market price

1400

Rent

150

Interest

100

Gross domestic capital formation

300

Net fixed capital formation

200

Change in stock

50

Factor income from abroad

60

Net indirect taxes

120

Explanation

NDP = Compensation of employees + Profits + Dividends + Rent + Interest + Gross domestic capital formation - Net fixed capital formation - Change in stock

= 800 + 200 + 50 + 150 + 100 + 300 – 200 - 50

= 1300 + 50 = 1350

Gross

… (82 more words) …

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