CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 16 - 21 of 523

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Question number: 16

» Government Budget and the Economy » Government Budget

Short Answer Question▾

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How can budgetary policy be used for reducing inequalities in income and wealth?

Question number: 17

» Money and Banking » Money and Functions

Short Answer Question▾

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How does money solve the problem of double coincidence of wants?

Question number: 18

» Producer Behaviour and Supply » Cost

Short Answer Question▾

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State the distinction between explicit cost and implicit cost. Give an example of each.

Question number: 19

» National Income and Related Aggregates » Methods of Calculating National Income » Value Added or Product Method

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

Short Answer Question▾

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Explain any two precautions that should be taken while estimating national income by (a) value added method, and (b) income method.

Question number: 20

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

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

Short Answer Question▾

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Explain the effect of rise in the prices of ‘related goods’ on the demand for a good X. Use diagrams.

Question number: 21

» National Income and Related Aggregates » Gross National Product

» National Income and Related Aggregates » National Disposable Income

Short Answer Question▾

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Calculate Gross National Product at market price and Personal Disposable income from the following data:

information to calculate GNP and personal disposable income

related information and their amount is given for calculation

No.

Particulars

amount (in crores)

1

Subsidy

20

2

Net factor income from abroad

(-) 60

3

Consumption of fixed capital

50

4

Personal tax

110

5

Savings of private corporations

40

6

Dividend

20

7

Indirect tax

100

8

Corporation tax

90

9

Net national disposable income

1, 000

10

National debt interest

30

11

Net current transfers from abroad

20

12

Current transfers from government

50

13

Miscellaneous receipts of the government administrative departments

30

14

Private income

700

15

Private final consumption expenditure

380

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