CBSE Class-12 Economics: Questions 326 - 336 of 523

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Question number: 326

» Money and Banking » Central Bank & Its Functions » Central Bank

Short Answer Question▾

Write in Short

What is a central bank?

Question number: 327

» National Income and Related Aggregates » National Disposable Income

Essay Question▾

Describe in Detail

Calculate Gross National Product at Market Price an Net National Disposable income from the following data:

Explanation

Calculate Gross National Product at Market Price

Find Gross National Product at Market Price

-

( Rs. Crores)

Net current transfer to abroad

(-) 5

Profits

70

Consumption of fixed capital

30

Rent

40

Indirect tax

20

Interest

100

Royalty

10

Compensation of employees

600

Subsidy

5

Net factor income… (41 more words) …

Question number: 328

» Producer Behaviour and Supply » Supply » Supply Schedule

Essay Question▾

Describe in Detail

Distinguish between (i) elastic and inelastic supply and (ii) perfectly elastic and perfectly inelastic supply.

Explanation

Characteristics

Elastic Supply

Inelastic Supply

Definition

Elastic supply means increase in price causes a greater percent increase in supply.

Inelastic supply. This means that an increase in price causes a less percent increase in supply. It has a price elasticity of supply of less than 1.

How many price elasticity?… (107 more words) …

Question number: 329

» Producer Behaviour and Supply » Supply » Supply Schedule

Short Answer Question▾

Write in Short

When exchange rate of foreign currency rises, its supply rises. How? Explain.

Question number: 330

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

Short Answer Question▾

Write in Short

What is a demand schedule?

Question number: 331

» Market and Price Determination » Market Equilibrium

Essay Question▾

Describe in Detail

Given market equilibrium of a good, what are the effects of simultaneous increase in both demand and supply of that good on its equilibrium price and quantity?

Explanation

If increase in demand affects prices and quantities we assume that there is increase in income of working class.

Their demand for cloth This will raise the equilibrium price and quantity of cloth and the supply curve of cloth is unchanged in figure. We understand the increase in price and… (154 more words) …

Question number: 332

» Market and Price Determination » Market Types

Short Answer Question▾

Write in Short

Define market.

Question number: 333

» Government Budget and the Economy » Government Budget

Short Answer Question▾

Write in Short

State any one objective of government budget.

Question number: 334

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Distinguish between average cost and marginal cost giving an example.

Explanation

Characteristics

average cost

marginal cost

Definition

average cost is the cost of producing amount of output divided by the cost per unit

When a firm increases its output by one unit, there is a change in the total cost of producing that commodity this change in cost is known as… (57 more words) …

Question number: 335

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Average variable cost and Marginal Cost

Calculation of Marginal Cost and Average variable cost

Output (units)

Total Variable cost (Rs)

Average variable cost

Marginal cost

1

10

-

-

-

-

8

6

3

27

-

-

-

-

10

13

Explanation

Calculation Average variable cost and Marginal Cost

Calculation of Marginal Cost and Average variable cost

Output (units)

Total Variable Cost (Rs)

Average variable cost

Marginal Cost

1

10

10

10

2

16

8

6

3

27

9

11

4

40

10

13

In that sum find in first row find… (46 more words) …

Question number: 336

» Producer Behaviour and Supply » Supply » Supply Curve

Essay Question▾

Describe in Detail

What is the likely effect on the supply of good if a unit tax is imposed on that good? Explain.

Explanation

Price of input used in production and it shares negative relationship with supply of good. If input price decreases than cost of production get decreased so, producers increase the production of good with decrease in input prices and supply of good increase.

Decrease in price of inputs and supply curve

Decrease in Price of Inputs and Supply Curve… (30 more words) …

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