CBSE > Class 12 > Economics | CBSE Board | Homework Help

In rural areas disguised and seasonal unemployment is seen while urban areas have mostly educated unemployment . In seasonal unemployment peopld are not able to find jobs during some months of the year.In disguised unemployment people appear to be employed but actually they are not.If extra people are employed in any work and the production of the field is not increasing then these people are disguised unemployed.In educated unemployment many youths with matriculation ,graduation and post graduation degrees are not able to find job.

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Find net value added at market price (A) fixed capital good with a life of 5 years=15 (B) raw materials=6 (C) sales =25 (D) net change in stock=(-2) (E) taxes on production=1

Posted by Sanket Sur 4 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 4 years, 4 months ago

Depreciation on Fixed Capital Good {tex}= \frac { \text { Value of Fixed Capital Good } } { \text { Life Span } } = \frac { 15 } { 5 } = Rs. 3 lakhs{/tex}

Therefore, Net Value Added at Market Price (NVA_MP) = Sales + Net Change in Stock - Raw Materials - Depreciation on Fixed Capital Good

= 25+ (-2) - 6 - 3 = Rs. 14 lakhs

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Credit control means mcg

Posted by Preety Singh 4 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 4 years, 4 months ago

Credit Control: Credit control is a strategy employed by manufacturers and retailers to promote good credit among the creditworthy and deny it to delinquent borrowers. This will both increase sales and decrease bad debts, thus improving a company's cash flow.

Credit control is an important component in the overall profitability of many firms.

Credit control is the system used by a business to make sure that it gives credit only to customers who are able to pay, and that customers pay on time.

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Households and firms depend on each other in the circular flow of income. Justify the statement in case of two sector model

Posted by Tejan Kumar Sahu 4 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Deepanshu Jha 4 years, 5 months ago

Yes this statement is true household and firm depend on each other because household give land labour capital as well as entrepreneur and firm produce good and services by using factor service that is use by the household as a consumption purpose

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MNREGA is now known as:- [choose the correct answer ] 1.National Rural Employement Guarentee Act (NREGA) 2.Prime Minister Employement Generation Programmes (PMEGP) 3.Deen Dayal Upadhayaya Antyodaya Yojana(DDUAY) 4.National Rural Livelihoods Mission (NRLM)

Posted by Diwakar Kumar Gautam Abc 4 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Rashmi Raj 4 years, 5 months ago

Option 1 is correct NREGA....

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Bhawna Jha 4 years, 5 months ago

1 NREGA

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Explain any two function of central bank ? OR

Posted by Diwakar Kumar Gautam Abc 4 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Akshali Mittal 4 years, 5 months ago

To supply of money And control over commercial banks are the two main functions of Central Bank(RBI)

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Deepanshu Jha 4 years, 5 months ago

They are banker bank and they have right to issue currency and coin . They are banker of govt.

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Explain any two function of central bank ? OR Explain standard of deferred payment function of money. How it solved the related problem created by barter?

Posted by Diwakar Kumar Gautam Abc 4 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Deepanshu Jha 4 years, 5 months ago

They have a legal right to issue the currency except one rupees note one rupees currency .they are banker bank that mean as the commercial bank are the banker of the people similarly RBI is the banker of the commercial bank. In barter system there is a exchange of goods for the goods. At the time of repayment the borrower does not give the same quality of good so.. they are violated these thing by the barter system

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What happen if AD>AS prior to full employment level of output.

Posted by Diwakar Kumar Gautam Abc 4 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 4 years, 4 months ago

There will be underemployment equlibrium.
According to Keynes, equilibrium is mere intersection of AD and AS, full employment may or may not be there.
Under employment equilibrium refers to a situation when AD is equal to AS but resources are not fully utilised.
It occurs prior to the full employment level.

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Discuss the drawbacks of green revolution

Posted by Diwakar Kumar Gautam Abc 4 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Bhawna Jha 4 years, 5 months ago

1 .Green Revolution just focused on few states . 2. This intensified the disparities between the large and small farmers.

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Compare the india and china in context of various social indicators by studying the following data: Discription. India. China 1.Gross enrollment 100.1 116 ratio in primary. School 2013(%) 2. Expenditure on. 0.8. 2 Research & development as (%) Of GDP (2005-12) 3.Adult literacy. 62.8. 95.1 ratio 2013(%) 4.Health expenditure (%GDP)2014. 5.05. 10.43 5.Doctor after one thousand population 0.7. 1.6

Posted by Diwakar Kumar Gautam Abc 4 years, 5 months ago

CBSE > Class 12 > Economics

0 answers

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What is infrastructure?

Posted by 🤓Ojha Raj Shakti Shivam📒📚📕 4 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 4 years, 5 months ago

Infrastructure is the set of fundamental facilities and systems that support the sustainable functionality of households and firms. Serving a country, city, or other area, including the services and facilities necessary for its economy to function.

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Describe the circular flow of income in a two sector economy (without financial market )

Posted by Pratha Jain 4 years, 5 months ago

CBSE > Class 12 > Economics

2 answers

Bhawna Jha 4 years, 5 months ago

Conclusion of circular flow in a simple economy Total production of goods and Services is equal to total consumption of services by the by the households. Factor Payments by firm is equal to factor incomes of household. Consumption expenditure by household is equals to factor income of household. Real flow in the firm of factor services and final goods and services is equal to money flow between firms and households

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Bhawna Jha 4 years, 5 months ago

The circular flow of income in two sector is based on assumptions - Household uses its whole income on consumption and provides all its factors of production to the firms and firms sold the total goods produced

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Why did India opt for planning?why there's a need for planning in India?

Posted by Risha Lamin 4 years, 5 months ago

CBSE > Class 12 > Economics

1 answers

Bakul Gupta 4 years, 5 months ago

Planning is required to revive the backward and stagnant Indian economy

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differentiate between final goods and intermediate goods

Posted by Harshdeep Singh 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Shivam Kumar 4 years, 6 months ago

1) Final goods are those which are produced to be consumed directly by the consumer. Ex :- Bread, microwave, milk etc. 2) Intermediate goods are those which are used for producing final goods. Ex :- wood, steal, coal etc are used in further production of goods.

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Distinguish between factor cost and market price

Posted by Suthaarshiny Suthaarshiny 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Amit Chopra 4 years, 5 months ago

Factor cost is the total amount which the manufacturer had to invest in production of a good or commodity. It doesn't include any taxes imposed on the final product. But, the market price is the final cost at which the manufacturer sells the goods to customers. And these are inclusive of all the applicable taxes.

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Calculate Net National Product at Market Price from the following data:-- Particular. Rs in crore 1.Net current. 30 Transfer to Abroad 2.Mixed income. 600 3.susidies. 20 4.operating surplus. 200 5.National debt Interest. 70 6.net factor income to abroad. 10 7.compenstion Of employee. 1400 8.indirect tax. 100 9.domestic product Accuring to govt. 350 10.current transfer by govt. 50

Posted by Diwakar Kumar Gautam Abc 4 years, 6 months ago

CBSE > Class 12 > Economics

3 answers

Deepanshu Jha 4 years, 5 months ago

2270

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Diwakar Kumar Gautam Abc 4 years, 6 months ago

Your answer is right

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Priya Chandel 4 years, 6 months ago

2270 is answer Plz anyone tell me is it right answer

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Explain how import substitution can protect domestic industry?

Posted by Vaneeta Kumari 4 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Sneha Shaji Joy 4 years, 6 months ago

Hope this helps..

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Sneha Shaji Joy 4 years, 6 months ago

1)The trade was characterized and was commonly called as an inwardly looking trade strategy .Technically this strategy is known as import substitution. 2)This policy aims in replacing or substituting imports with domestic production. 3)In this policy the government protects the domestic industries from foreign competition. 4)Protection from imports took two forms, 1: tariff , the tax on imported goods 2: quotas, they specify the quantity of goods which can be imported. 5)The effect of tariffs and quotas are that it restricts imports and protect domestic firms. 6) The notion behind this policy is that the industries that are developing is in no position to compete against goods produced from developed industrial economies.

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Different between stock and flow?

Posted by Yash Mishra 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 4 years, 6 months ago

<center>Stock</center>	<center>Flow</center>
<center>Definition</center>
Stock is defined as a variable that is measured at a particular point in time	Flow is defined as a variable which is measurable over a period of time
<center>Time Dimension</center>
Stock does not have a time dimension attached with it	Flow has a time dimension attached with it
<center>Nature</center>
Stock is static in nature	Flow is dynamic in nature
<center>Influence</center>
Stock influences the flow, as such greater amount of capital will lead to greater flow of services	Flow influences the stock, as in increased flow of money supply in an economy results in increase in the quantity of money
<center>Examples</center>
Bank deposits, capital, wealth, population	Capital formation, income, interest on capital, depreciation

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Merit and demerits of economic planning in india

Posted by Urmi Saha 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Amit Chopra 4 years, 5 months ago

Merits of Mixed Economy Demerits of Mixed Economy (d) Advantages of Economic Planning (d) Lack of Efficiency (e) Lesser Economic Inequalities (e) Delay in Economic Decisions (f) Competition and Efficient Production (f) More Wastages (g) Social Welfare (g) Corruption and Black Marketing

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Different between microeconomics and macroeconomics? Give examples?

Posted by Yash Mishra 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 4 years, 6 months ago

Microeconomics is the study of economics at an individual, group, or company level. Whereas, macroeconomics is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies. Macroeconomics focuses on issues that affect nations and the world economy. Unemployment, interest rates, inflation, GDP, all fall into Macroeconomics. Consumer equilibrium, individual income and savings are examples of microeconomics.

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What objectives did the British intend to achieve through their policies of infrastructure development in India?

Posted by Chehak Jain 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 4 years, 6 months ago

It is true that under the British rule, there was significant infrastructural development in the country. But the actual motive of the British behind the infrastructure development was only to serve their own colonial interests. British rule brought about development in the areas of transport and communication. The roads served the purpose of mobilising the army within India and facilitating transportation of raw materials from different parts of the country to ports, and ports were developed for easy and fast exports to and Imports from Britain. Similarly, railways were introduced and developed for commercialization of agriculture and for the transportation of finished goods of British industries to the interiors of India. Railways assisted British industries to widen the market for their finished products. Posts and telegraphs were developed to enhance the efficiency and effectiveness of the British administration in maintaining law and order. Hence, the aim of infrastructural development was not the growth and development of the Indian Economy but to serve the economic and political interests of Britain.

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calculate operating surplus

Posted by Ayush Singh 4 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Deepanshu Jha 4 years, 5 months ago

Operating surplus includes rent and royality profit and mixed income

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Ayush Singh 4 years, 6 months ago

from the following data: 1)rent 2) profit 3) domestic income 4)Mixed income 5)wages and salaries 6)indirect tax 7)subsidies 8) depreciation

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Highlight the achievements and failure of indian planning?

Posted by Gunjan Madan 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Amit Chopra 4 years, 5 months ago

Economic Planning in India: Achievements and Failures (a) Higher Rate of Growth: (b) Growth of Economic Infrastructure: (c) Development of Basic and Capital Goods Industries: (d) Faster Growth of Agriculture: (e) Savings and Investment: (f) Economic Self-Reliance: (a) Inadequate Growth Rate: (b) Move Toward Socialistic Pattern of Society:

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What are externalities? Give an example of a positive externality and it's impact on welfare of the people

Posted by Abishek Bhujel 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sia ? 4 years, 6 months ago

An externality is said to occur when the actions of one entity bears an impact on other entities. These externalities can be positive as well as negative. A positive exeternality is when the action of one person positively affects the others. For instance, plantation by a person fresh air to the neighbours.
Also it contributes to the environment and at the same time, increases the welfare of the neighbours.
Thus plantation by a person affects the life of the people living in the surrounding areas; it enhances the overall welfare of the society and positive exeternality

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What is means by traiff

Posted by Kadhiresan Muthukumar 4 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Atul Kumar Yadav 4 years, 6 months ago

A tariff is a tax imposed by a government of a country or of a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry.

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.....Refers to farmers land on imported goods.

Posted by Suvangi Mohanty 4 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Suvangi Mohanty 4 years, 6 months ago

Love you to very much

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Kadhiresan Muthukumar 4 years, 6 months ago

Agriculture

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Difference between national income and domestic income

Posted by Pranjal Kumud 4 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Sia ? 4 years, 6 months ago

National income is the sum total of factor incomes earned by normal residents of a country during a given year. Domestic income is the sum total of factor incomes generated within the domestic territory of a country. Market price includes the impact of indirect taxes, but not of subsidies.

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Jyotsana Arora 4 years, 6 months ago

Domestic Income- income earned within the domestic territory of a country by its residents and non residents National income - income earned within the domestic territory of a country or outside the domestic territory of the country by its residents

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Given the following information, calculate GDP@MP, NNP@ FC, GNP @FC, NDP@FC (4) i. GDP@FC – Rs. 35680 ii. Depreciation – Rs. 1500 iii. Net indirect taxes – Rs. 1250 iv. Net factor income from abroad – Rs. 400

Posted by S.Ranish Kumaran 4 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Suvangi Mohanty 4 years, 6 months ago

Refers to farmers land on imported goods

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Bhavana Tiwari 4 years, 6 months ago

1. GDP@mp= GDP@fc+NIT 35680+1250=36930GDP@mp 2. NDP@fc= GDP@fc - depreciation 35680-1500=34180NDP@fc 3. GNP@fc= GDP@mp+NFIA 36930+400=37330GNPfc 4. NNP@fc=NDP@fc+NFIA 34180+400=34580NNP@fc Solution is right or wrong please tell me

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If in an economy the value of NFIA is Rs. 400 crores and the value of factor income to abroad is RS. 40 crores. Find the value of factor income from abroad.

Posted by S.Ranish Kumaran 4 years, 6 months ago

CBSE > Class 12 > Economics