CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 458 - 470 of 523

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Question number: 458

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Explain what happens to losses in the long run if the firms are free to leave the industry.

Explanation

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Question number: 459

» Producer Behaviour and Supply » Production Function

Short Answer Question▾

Write in Short

Define ‘Marginal Rate of Transformation’.

Question number: 460

» Producer Behaviour and Supply » Supply » Elasticity of Supply

Essay Question▾

Describe in Detail

Distinguish between elastic and inelastic supply

Explanation

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Question number: 461

» National Income and Related Aggregates » Types of Goods

Essay Question▾

Describe in Detail

What is the likely effect on the study of good if the prices of the inputs used in production of that good fall? Explain.

Explanation

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Question number: 462

» Balance of Payments » Foreign Exchange Rate

Essay Question▾

Describe in Detail

When exchange rate of foreign currency falls, its demand rises. Explain how.

Explanation

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Question number: 463

» Money and Banking » Commercial Banking System

Essay Question▾

Describe in Detail

Explain the lending functions of commercial banks

Explanation

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Question number: 464

» Producer Behaviour and Supply » Cost

Essay Question▾

Describe in Detail

Distinguish between fixed cost and variable cost giving example.

Explanation

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Question number: 465

» Money and Banking » Money and Functions

Essay Question▾

Describe in Detail

Explain the ’medium of exchange’ function of money.

Explanation

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Question number: 466

» Producer Behaviour and Supply » Revenue

Essay Question▾

Describe in Detail

Complete the following table:

Price ( Rs. )

Output (Units)

Total Revenue (Rs)

Marginal Revenue ( Rs. )

-

1

6

-

4

-

-

2

-

3

6

-

1

-

-

(-) 2

Explanation

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Question number: 467

» Balance of Payments » Foreign Exchange Rate

Short Answer Question▾

Write in Short

What is fixed exchange rate System?

Question number: 468

» Producer Behaviour and Supply » Production Function

Essay Question▾

Describe in Detail

Explain what happens to the profits in the long run if the firms are free to enter the industry.

Explanation

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Question number: 469

» Producer Behaviour and Supply » Supply » Determinants of Supply

Short Answer Question▾

Write in Short

Define ‘aggregate supply’

Question number: 470

» National Income and Related Aggregates » National Disposable Income

Essay Question▾

Describe in Detail

Giving reason, explain how the following are treated in estimating national income:

(i) wheat grown by a farmer but used entirely for estimating for family’s consumption.

(ii) Earning of the shareholders from the shares.

(iii) Expenditure by government on providing free education.

Explanation

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