CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 231 - 240 of 523

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Question number: 231

» Producer Behaviour and Supply » Cost

Appeared in Year: 2012

Short Answer Question▾

Write in Short

What is the behavior of average fixed cost as output increase?

Question number: 232

» National Income and Related Aggregates » Stocks and Flows

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Autonomous consumption = 100 Rs.

Marginal propensity to consume = 0.70

National income = 1000 Rs.

Explanation

In this C = 100 Rs.

Pc (b) = 0.70

Y = 1000

So, consumption expenditure = Equation + by

= 100 + 0.70 Equation 1000

=100 + 700

= Rs. 800

Question number: 233

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2012

One Liner Question▾

Write in Brief

Define Tax.

Question number: 234

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Giving reason explain how should the following be treated in estimating national income:

(i) Interest paid by banks on deposits by individuals.

(ii) National debt interest.

Explanation

(I) Interest paid by bank on deposits should be included in the

Estimation of National Income because it is a factor income

For the account holders.

(iii) National debt interest should not be included in

the estimation of National Income because it is not known

Whether the government has borrowed

… (3 more words) …

Question number: 235

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

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Explain the concept of ‘deficient demand’ in macroeconomics. Also explain the role of Bank rate in correcting it.

Explanation

In deficient demand equilibrium level of demand for output is less than full employment level of output.

If Equation < Equation

It means deficit demand include when aggregate demand of output is less than full employment of demand. Deflationary gap measure amount of deficiency in aggregate demand.

It represent as

… (98 more words) …

Question number: 236

» Market and Price Determination » Market Types

Appeared in Year: 2012

Short Answer Question▾

Write in Short

What is a price taker firm?

Question number: 237

» Consumer's Equilibrium and Demand » Indifference Curve Analysis

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Outline the steps taken in deriving saving curve from the consumption curve. Use diagram.

Explanation

The consumption curve.

The Consumption Curve.

consumption curve given.

In this diagram Equation + by is the consumption curve. Here Equation line is aggregate supply curve. At point E consumption = income and Equation is represent as autonomous consumption.

Step for derivation of supply curve from consumption curve given below:

(1) In this

… (48 more words) …

Question number: 238

» Balance of Payments » Foreign Exchange Rate

Appeared in Year: 2012

One Liner Question▾

Write in Brief

Give meaning of managed floating exchange rate.

Question number: 239

» National Income and Related Aggregates » Types of Goods

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Given price of a good, how does a consumer decide as to how much of that good is to be purchased?

Explanation

In this a consumer compares marginal utility of the good with its price. The consumer will be at equilibrium when the marginal utility of good is equal to price of good.

It is represented as Equation = Equation

If Equation > Equation then price is less than marginal utility. So,

… (42 more words) …

Question number: 240

» Balance of Payments » Balance of Payments Account

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Explain the components of legal reserve ratio.

Explanation

commercial banks to keep as a cash

Its component are given below:

(i) Cash Reserve Ratio (CRR): -

CRR is included amount of funds that commercial banks maintain with reserve bank of India.

For example assume that total assets of bank is worth Rs. 250 crore and minimum cash ratio

… (64 more words) …

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