CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 425 - 433 of 523

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Question number: 425

» Government Budget and the Economy » Government Budget

Essay Question▾

Describe in Detail

How can a government budget help in reducing inequalities of income? Explain.

Explanation

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Question number: 426

» National Income and Related Aggregates » Circular Flow of National Income

Essay Question▾

Describe in Detail

While estimating national income, how will you treat the following? Give reasons for your answer.

(i) Imputed rent of self-occupied houses.

(ii) Interest received on debentures.

(iii) Financial help received by flood victims

Explanation

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Question number: 427

» Producer Behaviour and Supply » Production Function

True-False▾

Following Statement is true or false:

When there are diminishing returns to a factor, total product always decreases.

Question number: 428

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

Essay Question▾

Describe in Detail

Explain the geometric method of measuring price elasticity of demand.

Explanation

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Question number: 429

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

Essay Question▾

Describe in Detail

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

(I) planned savings are greater than planned investment and

(ii) Planned savings are less than planned investment

Explanation

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Question number: 430

» Producer Behaviour and Supply » Cost

True-False▾

Following Statement is true or false:

When marginal cost rises, average cost will also rise.

Question number: 431

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

Essay Question▾

Describe in Detail

Draw a straight line demand curve and show on it a point at which

(i) Price elasticity of demand > 1

(ii) Price elasticity of demand < 1

(iii) Price elasticity of demand = 1

Explanation

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Question number: 432

» Money and Banking » Commercial Banking System

Short Answer Question▾

Write in Short

Give the meaning of demand deposits of commercial banks.

Question number: 433

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

Essay Question▾

Describe in Detail

State the law of demand and show it with the help of schedule.

Explanation

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