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Injection - those economic activity which increase our national income is called injection , ex- investement exports etc Leakage- those economic activity which decrease our national income is called leakage , ex- import , tax savings

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Ankit Bishnoi 6 years, 6 months ago

In 2nd ch

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Which of the following expenditure incurred are on intermediate products and which are on final products?you must state reason for your answer: 1)purchase of ticket for train journey by an individual. 2)purchase of eatables by a firm 3)purchase of a car by an employer for office use by his employees.

Posted by Krishan Gopal Sharma 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Ritu Manon 6 years, 6 months ago

1) final as train ticket is brought for final consumption 2) intermidiate as firm is buying them for further production 3) intermediate as it will be used to provide further productive services

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Krishan Gopal Sharma 6 years, 6 months ago

Please give me answer

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Find NNPmp and GDPfc . Rent and interest =6000.wages and salaries=1800.undistributed profit=400.net indirect tax=100.subsidy =20.coorporation tax=120.NFIA=70.dividend=80.cfc=50.ss contribution by employers=200.mixed income=1000 ?

Posted by Jitender Singh 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Pragya Chabarwal 6 years, 6 months ago

NNP at mp = 9770 GDP at fc = 9650

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Aryan Raj 6 years, 6 months ago

Muja question wrong lag raha hai qke isma expenditure , stock , export import question mai ayega he ayega

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Discuss the land settlement system introduced under the british rule

Posted by Shruti Biswas 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 6 months ago

Three major systems of land revenue collection existed in India. They were – Zaminidari, Ryotwari and Mahalwari.

Zamindari System

Zamindari System was introduced by Cornwallis in 1793 through Permanent Settlement Act.
It was introduced in provinces of Bengal, Bihar, Orissa and Varanasi.
Also known as Permanent Settlement System.
Zamindars were recognized as owner of the lands. Zamindars were given the rights to collect the rent from the peasants.
The realized amount would be divided into 11 parts. 1/11 of the share belongs to Zamindars and 10/11 of the share belongs to East India Company.

Ryotwari System

Ryotwari System was introduced by Thomas Munro in 1820.
Major areas of introduction include Madras, Bombay, parts of Assam and Coorgh provinces of British India.
In Ryotwari System the ownership rights were handed over to the peasants. British Government collected taxes directly from the peasants.
The revenue rates of Ryotwari System were 50% where the lands were dry and 60% in irrigated land.

Mahalwari System

Mahalwari system was introduced in 1833 during the period of William Bentick.
It was introduced in Central Province, North-West Frontier, Agra, Punjab, Gangetic Valley, etc of British India.
The Mahalwari system had many provisions of both the Zamindari System and Ryotwari System.
In this system, the land was divided into Mahals. Each Mahal comprises one or more villages.
Ownership rights were vested with the peasants.
The villages committee was held responsible for collection of the taxes.

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Aryan Raj 6 years, 6 months ago

Land settlement or land revenue

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what is macroeconomic equilibrium explain how an economy determines equilibrium gdp and price level

Posted by Aman Bhardwaj 6 years, 6 months ago

CBSE > Class 12 > Economics

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Why was goal of equity not fully achieved even after abolisation of intermediaries?

Posted by Vidisha Gupta 6 years, 6 months ago

CBSE > Class 12 > Economics

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Mention four feature of india's agriculture on the eve of independence.

Posted by Nishtha Rathi 6 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Aryan Raj 6 years, 6 months ago

Low production No technical ideas Depend upon monsoon Under employement

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Foriegn exchange

Posted by Rajat Tanwar 6 years, 6 months ago

CBSE > Class 12 > Economics

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Are residential houses are treated as consumption good? give reason

Posted by Tanveer Kaur 6 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Ritu Manon 6 years, 6 months ago

They are a part of gross gousehold investment And are treated as consumption goods because we consume housing service from them

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Find change in income and change in consumption if the ratio between MPC and MPS is 3:1 where change in investment is 600

Posted by Tanya Kumar 6 years, 6 months ago

CBSE > Class 12 > Economics

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What are the two sector economy in circular flow of income?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 6 months ago

Circular Flow of Income in a Two-sector Economy. Let us start with a simplified model involving two sectors, namely, household sector and firm sector, assuming that there is no Govt. We further assume that the economy is a closed one having no exports or imports. Similarly there is no saving by the households, who spend all what they earn; and no investment by the firms. Such an economy has two types of markets — Product market and Factor market. Under these presumptions the firm sector hires factor services from households, who are owners of factors of production (land, labour, capital and enterprise), for producing goods and services and pays them remuneration (or compensation) in the form of money for rendering the productive services. For the factors of production, these are factor incomes known as rent, wages, interest and profit which have been generated in the production process. Thus money income flows from firm sector to the households. With this money the households purchase from the firms, manufactured goods and services to satisfy their wants with the result, the same money flows back from households to the firm sector. Thus entire income of economy comes back to firms in the form of sales revenue. Clearly one man's (or sector's) expenditure is other man's (or sector's) income.

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Siddharth S 6 years, 6 months ago

Households and firms.

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Niti ayog establishment and

Posted by Deep Maggon 6 years, 6 months ago

CBSE > Class 12 > Economics

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Which category of persons are not said as normal residents?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Aryan Raj 6 years, 6 months ago

In short the person whose economic interest is not related to that country where heive

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Siddharth S 6 years, 6 months ago

*Foreign visitors in the country for purpose of like holidays , study tours , sports events , etc... *Crew members of foreign shipping vessels , commercial travellers and seasonal workers from foreign countries. *Officials , diplomants and members of the armed forces of foreign countries all their peoples does not comes under normal resident. *Employers of of international organisation who are not citizens of country or not residents of a country. *Foreigners who are employees of non residents enterprises , who are come to country for the purpose of installing machinery purchase from their employees. *Person living in border areas who cross the border between two countries daily or regularly in order to work in one country for the residents of the country in which they live.

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Name the two types of investments?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Harsh Kumar 6 years, 6 months ago

First is 'Net investment' and second one is 'Gross investment '

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Siddharth S 6 years, 6 months ago

✓Gross investment, ✓Net investment.

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Define national product or income?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 6 months ago

We often hear the GDP in India. The national income of India is the sum total of income everyone earns in India. GDP, GNP are also parts of this national income.
GDP is the gross domestic products while GNP is a gross national product. Further, the savings rate and investment in the economy are the determinantal factors in the national income of India.
For a nation, the value of the final goods and services, it produces in terms of money for the residents living in the country is the national income.

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Siddharth S 6 years, 6 months ago

it refers to the amount of final goods and services produced by the residents of country weather operating within the country or outside the country.

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Define domestic product?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 6 months ago

Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a year, or over a given period of time. GDP per capita is often used as an indicator of a country's material standard of living.

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Siddharth S 6 years, 6 months ago

Domestic product is defined as the money value of all the final goods and service produced by the all the enterprises located within a country during the year.

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Define Gross national product at market price?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Siddharth S 6 years, 6 months ago

It is sum total of the market values of all final goods and service produced by normal residents of a country during the year.

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Define GDP at market price?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

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Siddharth S 6 years, 6 months ago

It is sum total of the market value of all final goods and services produced in domestic territory.

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Write short note on financial sector reforms?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

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Siddharth S 6 years, 6 months ago

Financial sectors includes financial institution such as commercial banks , investment , banks , stock exchange and foreign exchange market.

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What do you mean by plan?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Siddharth S 6 years, 6 months ago

Plan is a blueprint for future course of action.Plan provides general and specific details of achieving specific goals through pre-determined plans of actions like procedures and process and methods.

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Name the types of economic system?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Siddharth S 6 years, 6 months ago

✓Capitalist economic system: This economic system focus on increasing the profit (or)money resources through factors of production by developing compitent entrepreneurship to satisfy the every changing consumer wants and desires. Eg : USA. ✓Communist economic system: This economic system deals with the factors of production which are used as a common components for public consumption because the communist ideology determines equal distribution of resources to all equally. Eg : RUSSIA. ✓Socialist economic system: This type economic system deals with overall development of the economic and it also ensures existence of public sector and private sector in the economy. Based on socialist democratic principle. Eg : INDIA.

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Define subsidies?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 6 months ago

A subsidy is an amount of money given directly to firms by the government to encourage production and consumption. A unit subsidy is a specific sum per unit produced which is given to the producer.

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Siddharth S 6 years, 6 months ago

subsidies is an financial intensive provided to the poor farmer and businessman in order to support them economically and ensure the proper as well as routine cultivation of crop and purchase of commodity.

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When was India's first official census operation was undertaken?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 6 months ago

India's first official census operation was undertaken in the year 1881. After that the census has been conducted after every 10 years. It involves a detailed estimation of population size, along with a complete demographic profile of the country.

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Siddharth S 6 years, 6 months ago

The year - 1881

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Which is regard as that defining year to mark the demographic transition from its first to second stage?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 6 months ago

1921 is regarded as the year of great divide or the defining year to mark the demographic transition from the first to the second decisive stage. This is because of the stagnant population growth before 1921. In the first decisive stage till 1921, there was a high birth and death rate, i.e. a low expectancy rate. The higher death rate caused a dip in the growing population of India before the period of 1921. After 1921, there has been significant increase in the population because of a low death rate and higher birth rate in India.

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Siddharth S 6 years, 6 months ago

The year - 1921

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Name some notable economist who estimated India's per capita income during colonial period.

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics