CBSE Class-12 Economics: Questions 22 - 27 of 523

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Question number: 22

» National Income and Related Aggregates » Types of Goods

Short Answer Question▾

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‘Machine’ purchased is always a final good. ’ Do you agree? Give reasons for your answer.

Question number: 23

» Market and Price Determination » Monopolistic Competition

Short Answer Question▾

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Explain the implication of the feature ‘product differentiation’ under Monopolistic Competition.

Question number: 24

» National Income and Related Aggregates » National Disposable Income

» National Income and Related Aggregates » Personal Income

Short Answer Question▾

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Calculate Gross National Disposable Income and Personal Income from the following data:

information is given to calculate gross national disposable income and personal income

various data and their respective amount is given for calculation purpose

No.

particulars

Amount ( Rs. Crores)

1

Personal tax

120

2

Net indirect tax

100

3

Corporation tax

90

4

National income

1000

5

Net factor income from abroad

5

6

Consumption of fixed capital

50

7

National debt interest

70

8

Retained earnings of private corporate sector

40

9

Net current transfers to the rest of the world.

(-) 20

10

Current transfers from government

30

11

Share of government in national income

80

Question number: 25

» Producer Behaviour and Supply » Supply » Determinants of Supply

One Liner Question▾

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State the ‘law of supply’. What is meant by the assumption ‘other things remaining the same’ on which the law is based?

Question number: 26

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

One Liner Question▾

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What causes an upward movement along a demand curve of a commodity?

Question number: 27

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

One Liner Question▾

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What is the relationship between marginal propensity to consume and marginal propensity to save?

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