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Ayush Singh 6 years, 4 months ago

Months of August

ANSWER

Calculate gross domestic product at market price by production method and income

Posted by Love Chaudhary 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Why did india opt for mixed economy

Posted by Rishabh Singhal 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 6 years, 4 months ago

Mixed economy is an economic system in which economic decisions are taken by the Central Government authority, as well as, are left to free play of the market. It is the basic framework of planning in India. In this economy, the market will provide whatever goods and services it can produce economically and the government will provide essential goods and services which the market fails to provide.

The following features of the Indian economy prove that a mixed economy is a basic framework of planning in India:

Agriculture and most of the industrial and service sectors are in the private hands in India.
Over the period of time, many big business houses have come into being and have been growing, such as Reliance, Infosys, Bajaj, etc.
Market forces of demand and supply have a free role in determining prices in various markets i.e., goods having higher demand will be highly priced and vice-versa.
The government recognised the need to provide infrastructure for the growth of the private sector after Independence. So, the public sector was developed on a large scale.

ANSWER

What is meant by diminishing returns to a factor? Discuss any two reasons behind diminishing returns to a factors.

Posted by Ritika Sinha 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 6 years, 4 months ago

Diminishing returns to a factor refer to a phase when with every increase in the variable factor, the total product increases at a decreasing rate and marginal product falls, but remains positive. This is the second phase of the law of variable proportions and every rational firm would like to operate in this stage because TP is maximum in this stage and MP of each variable factor is positive.

ANSWER

Easy notes on Indian economy on the eve of independence

Posted by Lalita Meena 6 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Tushar Dhiman 6 years, 4 months ago

Note that points : agricultural backward her sub points like 1 tariff policy 2 zamindar system ! This way you can prepare a easy note.

Sia ? 6 years, 4 months ago

Check revision notes : https://mycbseguide.com/cbse-revision-notes.html

ANSWER

National jncone numaricals

Posted by Akansha Khanna 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

5 Difference between repo rate and reverse repo rate

Posted by Amanpreet Kaur 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 6 years, 4 months ago

Repo rate is the rate of interest at which central bank lends money to commercial banks for short period. Increase in Repo rate reduces the money supply in the economy and vice versa.

Reverse Repo rate is the rate at which central bank of a country borrows money from commercial banks. It is fixed by the central bank. Increase in Reverse Repo rate reduces the money supply in the economy. Decrease in this rate will increase the money supply in the economy.

ANSWER

Define law of equi marginal utility

Posted by Dinesh Singh 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 6 years, 4 months ago

According to this law, a consumer spends his limited income on different goods in such a fashion that marginal utility derived from all commodities are equal. In other words, a consumer is in equilibrium position when the marginal utility of money expenditure on each good is the same.

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What is Expenditure phase?

Posted by Sohail Hussain 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Wha is inflation?

Posted by Mansha Gupta 6 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Bikash Singh 6 years, 4 months ago

Inflation is the increase in the price of goods and services over time

Komal Gupta 6 years, 4 months ago

Increase in price level is inflation

Aryan Raj 6 years, 4 months ago

Decrease in value of money is called inflation

ANSWER

find MPC and multiplier if national income is 2000, consumption is 400 and investment is 200

Posted by Rishav Garg 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Komal Gupta 6 years, 4 months ago

Multiplier 10 Mpc 9/10

ANSWER

If balance of trade show a surplus of 300 crore and receipt of unilateral payment is 50 crore , how much is the balance on the capital account of balance of payment

Posted by Mohd Faisal 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Love Jain 6 years, 4 months ago

What is money

ANSWER

Importance of industry

Posted by Prachi Suwalka 6 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Yash Khandelwal 6 years, 4 months ago

Industry is a price maker

Tushar Dhiman 6 years, 4 months ago

1 Industries helps to developing country . 2 industries helps to increase forner money through mnc's. 3 industry helps to increase Gdp growth.

Dhruvi Dwivedi 6 years, 4 months ago

industry is the backbone of the economy of all the countries , industries play a huge role in our economy without an industry there is no trade, business and development in the country .

ANSWER

Explain the meaning of equilibrium level of national income with help of a diagram

Posted by Komal Gupta 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

If chalk and duster use by school than how it is considered as intermediate goods?

Posted by Amit Kumar 6 years, 4 months ago

CBSE > Class 12 > Economics

4 answers

Sia ? 6 years, 4 months ago

Chalks and duster are considered as intermediate goods as these are used up in the process of value - addition during the year.

Gautam Panda 5 years, 7 months ago

Chalk and Duster Chalks are used up in the production process and duster is supposed to be exhausted within one year. Values of both are added to the value of services of teachers. So chalk and duster used by school are intermediate goods.

Dhruvi Dwivedi 6 years, 4 months ago

chalk and duster used in a school is considered as intermediate goods because it was final good for the producer but they can't consume them , the goods (chalk & duster ) were consumed by teacher after value addition of the market value.

Shivam Sharma 6 years, 4 months ago

Chalk and dusters are used in services production. Services is :Teaching

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Explain the open market operations method of credit control used by a central bank

Posted by Garima Goyal 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

how to calculate value of output

Posted by Baljeet Singh 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 6 years, 4 months ago

Value of output is equal to value added if there are zero intermediate costs.

ANSWER

Can someone send me Project on Human development index

Posted by Prashant Choudhary 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What do you mean by allocation of resources

Posted by Prashant Singhal 6 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Sia ? 6 years, 4 months ago

In economics, resource allocation is the assignment of available resources to various uses. In the context of an entire economy, resources can be allocated by various means, such as markets or planning.

Aryan Raj 6 years, 4 months ago

Uses of one resource in different way For ex- Milk is used for many purpose like to drink , to make sweets, to make curd etc.

ANSWER

A new smartphone purchase by the father for his daughter is an example of final good. State true or false with "appropriate reason".

Posted by Kajal Sharma 6 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Dhruvi Dwivedi 6 years, 4 months ago

True, the smartphone purchase by the father for his daughter is the example of final goods because it directly consumed by the consumer (daughter) and it crossed the boundary line so it was example of final goods

Shaina Rajput 6 years, 4 months ago

True

ANSWER

Gross National Product at market prices of an economy is 1,20,000 cr which depreciation at the rate of 10% per annum. Indirect taxes amt to 6000 cr & subsides amt 1,000 cr. Estimate National Income of the economy

Posted by Nazrin Rahman 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Difference between limited legal tender money and unlimited legal tender money. 3 points with basis of difference

Posted by Garima Goyal 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 6 years, 4 months ago

Limited legal tender money is money which is unacceptable upto a given value of a transaction. In case of unlimited legal tender money is a money which can be used as medium of exchange for transaction.

ANSWER

Extra MSQ's of chapter money

Posted by Khushdeep Dhillon 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

The value of intermeditate consumption is nothing but the gross total value of intermediate goods. state true or false with appropriate reason.

Posted by Kajal Sharma 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Air frier in your kitchen is durable consumer good.State true or false with reason.

Posted by Kajal Sharma 6 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Amita Abita 6 years, 4 months ago

Yes

Sakshi Sharma??️??️ 6 years, 4 months ago

True

3Thank You

ANSWER

Derive the saving curve from consumption curve..with steps

Posted by Simar Chawla 6 years, 4 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is money?

Posted by Ravi Sharma 6 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Ravi Sharma 6 years, 4 months ago

Money is anything which is generally accepted as a medium of exchange

Tushar Dhiman 6 years, 4 months ago

Money refer to medium of buy and sell

Raj Mehra?️ 6 years, 4 months ago

Money is anything which could be use as a medium of exchange

ANSWER

Calculate depreciation. i)NDP at MP. 80,000 ii)Indirect Taxes 10,600 iii)GNPat FC. 75,920 iv)Factor Income to abroad. 700 v)Factor income from abroad 500 vi)Subsidies. 1,770

Posted by Nazrin Rahman 6 years, 4 months ago

CBSE > Class 12 > Economics

3 answers

Dhruvi Dwivedi 6 years, 4 months ago

depreciation= 1320 GDP at mp = GNP at fc - NFIA (factor income to abroad - factor income from abroad) + NIT (it- subsidy ) GDP at mp = 75920 - (700-500) + (10600 - 1770) = 75,920-200+8,830 = 75,720 +. 8,330 = 84,550 Depression = GDP at mp - NDP at mp. = 84,550- 80,000 Depression = 4550

Nazrin Rahman 6 years, 4 months ago

Formula plus ans is wrong

Gaurav Seth 6 years, 4 months ago

N D P at M P + DEPRECIATION - INDIRECT TAX + SUBSIDIES + N F I A

80000 - 10600+ 1770 - 200+ + 4950 =
75920

ANSWER

What are the implications of revenue budget in easy words..

Posted by Geetika Daga 6 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 6 years, 4 months ago

Implications. It gives information on what the government is borrowing for, i.e., for financing its current expenditure or for capital formation. Main implications of deficit are:
(i)    Reduction of assets. Revenue deficit indicates dissavings on government account because government has to make up the uncovered gap by drawing upon capital receipts through sale of its assets (disinvestment). Thus it results in reduction of assets.
(ii)    Inflationary situation. Since borrowed funds from capital account are used to meet generally consumption expenditure of the government, it leads to inflationary situation in the economy with all its ills.
(iii)    More revenue deficit. Large borrowing to meet revenue deficit will increase debt burden due to repayment liability and interest payment. This may lead to larger and larger revenue deficit in future.