CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics: Questions 55 - 62 of 523

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Question number: 55

» Government Budget and the Economy » Classification of Receipts

One Liner Question▾

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Categorize the following government receipts into revenue and capital receipts Give reasons for your answer.

(a) Receipts from sale of shares of a public sector undertaking.

(b) Borrowings from public.

(c) Profits of public sector undertaking

Question number: 56

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

Short Answer Question▾

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Explain the meaning of equilibrium level of income and output using savings and investment approach. Use a diagram.

Question number: 57

» National Income and Related Aggregates » Gross and Net Domestic Product

Short Answer Question▾

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How will you treat the following while estimating domestic product of India?

(i) Rent received by a resident Indian from his property in Singapore.

(ii) Salaries to Indians working in Japanies Embassy in India.

(iii) Profits earned by a branch of an American Bank in India.

(iv) Salaries paid to Koreans working in Indian embassy in Korea.

Question number: 58

» Money and Banking » Money and Functions

Short Answer Question▾

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Describe the following functions of money: -

(a) Medium of exchange

(b) Standard of deferred payment

Question number: 59

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

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Explain the effects of change in income on demand for a good.

Question number: 60

» Money and Banking » Money Creation

One Liner Question▾

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State the two components of money supply.

Question number: 61

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

Short Answer Question▾

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State any three factors that cause an ‘increase’ in demand of a commodity.

Question number: 62

» Producer Behaviour and Supply » Revenue

One Liner Question▾

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Explain the relation between marginal revenue and average revenue when a firm is able to sell more quantity of output

(i) at the same price.

(ii) only by lowering the price.

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