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

The counting of the value of commodity more than once is called double counting. This leads to over estimation of the value of goods and services produced. Thus, the importance of avoiding double counting lies in avoiding over estimating the value of domestic product, e.g. a farmer produces one tonne of wheat and sells it for Rs.400 in the market to a flour mill.
The flour mill sells it for Rs. 600 to the baker. The baker sells the bread to the shopkeeper for Rs. 800. The shopkeeper sells the entire bread to the final consumer’s for Rs.900. Thus,
Value of Output = Rs. (400 + 600 + 800 + 900)
= Rs.2700
In fact, the value of the wheat is counted four times,
. the value of services of the miller thrice and the value of services by the baker twice.
In other words, the value of wheat and value of services of the miller and of the baker have been counted more than once. The counting of the value of. commodity more than once is called double counting.
To avoid the problem of double counting, following two methods are used:
(i) Final output method According to this method, the value of intermediate goods is not considered. Only the value of final goods and services is considered. In the above example, the value of final goods, i.e. bread is Rs. 900.
(ii) Value added method Another method to avoid the problem of double counting is to estimate the total value added at each stage of production. In the above example, the value added at each stage . of production is Rs. (400 +200 +200 +100)
= Rs. 900.

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ANSWER

Total fish production accounts for_________________percent of the total GDP.

Posted by Ranjeet Singh 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Tanay Bhutda 5 years, 8 months ago

0.8

1Thank You

ANSWER

Give any four suggestions to improve agricultural marketing in india.

Posted by Ranjeet Singh 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 5 years, 8 months ago

The initial step was to regulate the market and plan a clean, transparent and simple marketing strategy. This regulation helped both the farmers and the consumer. But it still needs to realize the full potential of rural markets.
The second measure was the procurement process like transportation facilities, warehouse, cold storage, godowns, and the processing unit. However, the current infrastructure is inadequate to adhere to the growing demand and therefore needs to be improved.
The third aspect is to decide on the fair price for the product. In the past, it has been a set back due to the unequal coverage of farmer members and the absence of a suitable link between marketing, processing cooperatives, and inefficient financial management. Example of a successful cooperative is the Gujarat milk cooperative which transformed the social and economic landscape of Gujarat.
The last one is policies such as.
1. Guarantee of Minimum Support Prices (MSP) for agricultural products
2. Storage of surplus stocks of wheat and rice by Food Corporation of India (FCI)
3. Distribution of food staples and sugar through PDS

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ANSWER

In national income which method has high chance to come in exam????

Posted by Ranjeet Singh 5 years, 8 months ago

CBSE > Class 12 > Economics

5 answers

Abhishek Singh 5 years, 8 months ago

All methods are important and have a chance of come in exam

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Divyanshi Mittal 5 years, 8 months ago

Value added method and expenditure

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Rani Singh 5 years, 8 months ago

Income and expenditure

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Stanzin Namgyal 5 years, 8 months ago

Income & expenditure choose

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Dan • 5 years, 8 months ago

I guess ?three in three sets......?

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ANSWER

Analyse the role played by the non-farm sector in providing sustainable livelihood in rural areas.

Posted by Ranjeet Singh 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Tarun Singh 5 years, 8 months ago

By horiculture, fishering ,diary

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ANSWER

Ncert questions are enough for indian economic development?????

Posted by Prerna Panchal? 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Tanay Bhutda 5 years, 8 months ago

Bro, at this stage u can do nothing more so just satisfy and relax by the way Sandeep Garg of India eco is fully based on ncert

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ANSWER

Could anyone tell me that which book is issued in ur school vk ohri and tr jain or ncert book

Posted by ? Sw@Stika Sharm@ !!??️ 5 years, 8 months ago

CBSE > Class 12 > Economics

9 answers

? Sw@Stika Sharm@ !!??️ 5 years, 8 months ago

Thnku so much i was just confirming bcz ncert me se bhot kuch aata hai na that's why

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? Sw@Stika Sharm@ !!??️ 5 years, 8 months ago

Okkkk

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Dan • 5 years, 8 months ago

Hmm...but ncrt text doesnt contains numericals.....graph also...

1Thank You

Sakshay Aggarwal 5 years, 8 months ago

Hmare schl m bhi vk ohri and tr Jain book chlti h

1Thank You

Ayush Mishra 5 years, 8 months ago

Hamare scl m to vk ohri and tr jain ki book chalti h

1Thank You

? Sw@Stika Sharm@ !!??️ 5 years, 8 months ago

Bt i suppose that mostly many schools are offering this NCERT Book

1Thank You

? Sw@Stika Sharm@ !!??️ 5 years, 8 months ago

Ok ok

1Thank You

Dan • 5 years, 8 months ago

Banned means it doent contains graph and numericals so we r not giving any preference to ncrt macro txt......

2Thank You

Dan • 5 years, 8 months ago

In our school ncrt macro economics is banned???. We r reffering saraswati publications

3Thank You

ANSWER

An increase in investment by rupees 5000 crores leads to increase in national income which is four times more than the increase in investment. calculate MPS

Posted by Harshita Jain 5 years, 8 months ago

CBSE > Class 12 > Economics

10 answers

Harshita Jain 5 years, 8 months ago

Correct answer is 0.20

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Abhishek Singh 5 years, 8 months ago

0.25

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Aleena Mariam John 5 years, 8 months ago

K=4 k=1/MPS 4=1/MPS 4MPS=1 MPS=1/4 MPS=0. 25 I think it is the correct answer

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Himanshi Kumari 5 years, 8 months ago

Yes ?‌‌‌ .....

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Harshita Jain 5 years, 8 months ago

Ok !! I got it if we read question properly then we will see that ∆Y=4∆I+5000

0Thank You

Himanshi Kumari 5 years, 8 months ago

How ???

0Thank You

Harshita Jain 5 years, 8 months ago

But guys!!! Actually answer is 0.20?

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Himanshi Kumari 5 years, 8 months ago

The value of MPS = 0.25 as k =4 (given in the ques ) and ∆I =5000 Then , ∆Y=20,000 ...... Then k =1/MPS , MPS=1/4 = 0.25 ..........??

1Thank You

Shalini . 5 years, 8 months ago

K=4. So, by formula k=1/MPS. Now, equating. 4=1/MPS. => MPS= 1/4 =0.25

1Thank You

Shubham Gupta 5 years, 8 months ago

0.25

1Thank You

ANSWER

The latest demonetization of currency was undertaken by the government of india on November 8, 2016 to tackle the problem of _______________

Posted by Hardik Kumar 5 years, 8 months ago

CBSE > Class 12 > Economics

4 answers

Dan • 5 years, 8 months ago

Black money, terrorism, smugglers

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Himanshi Kumari 5 years, 8 months ago

Corruption ......

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Chesta Pawan Manchanda 5 years, 8 months ago

Curruption,black money , terrorism

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Lovely Dhawan 5 years, 8 months ago

Black money

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ANSWER

Go to calculate sales

Posted by Harsh Yadav 5 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Khushi Varshney 5 years, 8 months ago

price of o/p*quantum of o/p sold

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Chesta Pawan Manchanda 5 years, 8 months ago

Domestic sales + exports

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ANSWER

The principal consumers of coal are_ A.thermal power station, steel plants, cement factories, all of these

Posted by Meenakshi Sundaram Kumaresan 5 years, 8 months ago

CBSE > Class 12 > Economics

5 answers

Khushi Varshney 5 years, 8 months ago

all of these

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Himanshi Kumari 5 years, 8 months ago

Its thermal power station ......

1Thank You

Lovely Dhawan 5 years, 8 months ago

True

0Thank You

Rohan Singh 5 years, 8 months ago

All of these

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Dan • 5 years, 8 months ago

Thermal

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ANSWER

Ncert questions Is sufficient in indian economic development

Posted by Nigam Kamboj 5 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Divyanshi Mittal 5 years, 8 months ago

Yes they are

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Rani Singh 5 years, 8 months ago

If ur concept are clear then it is sufficient

0Thank You

Joya Chatterjee 5 years, 8 months ago

No, those Q r not enough ......

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ANSWER

What is bartar system

Posted by Padam Nalo 5 years, 8 months ago

CBSE > Class 12 > Economics

5 answers

Aleena Mariam John 5 years, 8 months ago

Exchange of commodities for commodities

0Thank You

Tanay Bhutda 5 years, 8 months ago

Syllabus se cut hai

0Thank You

Yogita Ingle 5 years, 8 months ago

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.

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Dan • 5 years, 8 months ago

Exchange of commodities

1Thank You

Ayush Singh 5 years, 8 months ago

Where goods are exchange with goods

1Thank You

ANSWER

In ch 10 of indian economy, do we have toh learn contribution of different sectors in GDP?

Posted by Ravisha Pasricha 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Jaya Kathuria 5 years, 8 months ago

Just remember which sector does more

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ANSWER

What do you understand by final goods

Posted by Aastha Pandey 5 years, 8 months ago

CBSE > Class 12 > Economics

6 answers

Komalpreet Kaur 5 years, 8 months ago

Final goods are those goods which are used either for final consumption or for investment

0Thank You

Shubham Jain 5 years, 8 months ago

Final goods are those goods which are ready for use by their final users

0Thank You

Aleena Mariam John 5 years, 8 months ago

Ultimate good recieved by consumer

0Thank You

Himanshi Kumari 5 years, 8 months ago

The goods which are meant for consumption or for investment ?......

0Thank You

Ravisha Pasricha 5 years, 8 months ago

Final goods are those good which are consumed by the consumer to satisfy their needs and the fixed assets used by the producer for production.

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Aastha Pandey 5 years, 8 months ago

Final goods are those goods which crossed the boundary line of products

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ANSWER

gst and demonitisation

Posted by Reetu Sandhu 5 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Dan • 5 years, 8 months ago

Google it....

0Thank You

Sakshay Aggarwal 5 years, 8 months ago

Go ang google it or for demonetisation open business studies book

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ANSWER

Sir please tell the types of rural credit on basis of time period in detail

Posted by Sarthak Gupta 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Chesta Pawan Manchanda 5 years, 8 months ago

Short term credit Long term credit and Medium term credit

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ANSWER

Sir macro ke first chapter mein kuch a sakta hai kio ki syllabus mei woo dia hai

Posted by Sukha Arsh 5 years, 8 months ago

CBSE > Class 12 > Economics

4 answers

Joya Chatterjee 5 years, 8 months ago

I ? think diff r imp bro like final and intermediate goods, real and nominal flow .or gdp deflator and also welfare of GDP

0Thank You

Dan • 5 years, 8 months ago

Yepp...kid...??....impt topics ::: circular flow, computation of national income in three ways....

0Thank You

Sakshay Aggarwal 5 years, 8 months ago

Yes ofcourse bachha ????

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Himanshi Kumari 5 years, 8 months ago

Yes, first ch is included in syllabus an circular flow cycle can come ?......

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ANSWER

In numerical example of balance of payment on current account we will include capital receipt and payment or not because income receipt and payment is the components of current account

Posted by Baby Goyal 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Alka Verma 5 years, 8 months ago

2Thank You

ANSWER

What is the need for govt intervention??? Ques for 3 m

Posted by Shruti Rajan 5 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Chesta Pawan Manchanda 5 years, 8 months ago

Lack of capital, lack of inducement to invest, growth with social justice, infrastructural development, to decrease rampant poverty

2Thank You

Dan • 5 years, 8 months ago

If u get the answer pls put in these group...

0Thank You

ANSWER

What is the function of money

Posted by Shifa Hussaim 5 years, 8 months ago

CBSE > Class 12 > Economics

3 answers

Chesta Pawan Manchanda 5 years, 8 months ago

By the way it is not in our syllabus

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Andro Tech Gamer 5 years, 8 months ago

Function of money:-1. Money is an instrument that serves as a medium of exchange. 2.money is used as a store of value. 3.money is used as a measure of value. 4.money is used as a standard of deferred payments.

1Thank You

Amit John 5 years, 8 months ago

There are two function primary function secondary function fir unke bhi sub parts haii

2Thank You

ANSWER

Meaning of revenue receipt

Posted by Tanisha Dey 5 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Andro Tech Gamer 5 years, 8 months ago

Revenue receipts are those money receipts of the government which donot create a liability and donot cause a reduction in assets of the government.for ex:-tax receipts. Hope this will help u

1Thank You

Princy Jetawat 5 years, 8 months ago

Receipt which does not either create a liability or lead to reduction in assests is called revenue receipt.

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ANSWER

Demonatization abd what are its disadvantages

Posted by Manas Yadav 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Dan • 5 years, 8 months ago

Demometization was despotic surprice givem by our govt. the action of demontezation was to demonetize 500 amd 100 rupee old notes, the main aim of these despotic action is to tacle black money operators , fake money users and for smugglers Disadvantages.... ◆Crash in share market... ◆ 30% of decline in gdp ◆ deaths, through standing ques for recieving money ◆it was an unplanned operation...

1Thank You

ANSWER

Growth with equity, from objective planning of india

Posted by Manas Yadav 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Dan • 5 years, 8 months ago

Growth refers to increase in the countryies capacity to produce the output of goods and services, main aim of growth is economic growth of the country in the language of economics it is for the growth of gdp. Growth of gdp is very essential growth ,for removing poverty. Equity means a country can have high growth, most modern tecnology, devolpment in the country itself. But for the growth of gdp, the equal distribution among these four is very essential.it is very imptant to ensure that the benefits of economic prosperity reached the poor sections as well ,instead of enjoyed only by the rich.....

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ANSWER

Aer you 100% sure, nothing will come outside the syllabus in CBSE guide app

Posted by Shubham Singh 5 years, 8 months ago

CBSE > Class 12 > Economics

5 answers

Dan • 5 years, 8 months ago

Ysss .....100 %

0Thank You

Abhay Singh Chouhan 5 years, 8 months ago

Demonetization and gst are also in syllabus go through them also

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Himanshi Kumari 5 years, 8 months ago

Yes ,obviously paper will formed According to cbse quidelines an its syllabus given ?.....

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Simar Singh 5 years, 8 months ago

Yssss

0Thank You

Andro Tech Gamer 5 years, 8 months ago

Paper will come from the whole book . nothing will be come from outside the syllabus

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ANSWER

Plz answar fast @ foreign exchange is in equilibrium and an indian company goes to foreign and set up industry there then what will be the effect of foreign rate of india??

Posted by Snehil Lodha 5 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Chesta Pawan Manchanda 5 years, 8 months ago

According to the given scenario when there is the investment inculcated by indian investor in foreign then the demand for foreign currency will rise cause a rightward shift in demand curve i.e increase in demand. And as we know deman and rate of forex have inverse relation so it will cause a rise in forex rate.

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Dan • 5 years, 8 months ago

◆ we want to gave factor cost to the forign govt (rent, wages, land cost)... ◆ forign govt will catch small percent from our NFIA... ◆high land tax will be imposed by forign govt....

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ANSWER

Important and selected questions of Indian economic development....?

Posted by Anju Rajak 5 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Dan • 5 years, 8 months ago

All r impt...pls check the sample pprs...

1Thank You

ANSWER

If C=Y, then K=????

Posted by Ekta Yadav 5 years, 8 months ago

CBSE > Class 12 > Economics

6 answers

Chesta Pawan Manchanda 5 years, 8 months ago

According to sharadha and Dan's answer they have found apc not mpc

1Thank You

Chesta Pawan Manchanda 5 years, 8 months ago

There is no relation between c/y that is apc then k can not be defined

1Thank You

Ritika Mehra 5 years, 8 months ago

K=infinite

0Thank You

Shradha Malpani 5 years, 8 months ago

Consumption = Income which means there are no savings and MPC will be 1. Also K = 1/1-MPC Putting the values : 1/1-1 = 1/0 = Infinity So K = Infinity when C = Y

0Thank You

Dan • 5 years, 8 months ago

K=0

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Dan • 5 years, 8 months ago

Mpc=∆c/∆y (chnge - ∆).... C=y (accrding to the qus).... Mpc = ∆y/∆y..ie =1 So we get【 mpc = 1】.... K = 1/(1 - mpc).... K =1/(1-1)..... K=1/0.... {{{K=0}}....

2Thank You

ANSWER

MR - MC Approach

Posted by Ashutosh Yadav 5 years, 8 months ago

CBSE > Class 12 > Economics