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

In economics, pegging a price, rate or amount implies fixing it at a particular level. ... Parity value or parity price, on the other hand,is a price concept used for commodities or securities. It is used to imply that two assets have an equal value.

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What is the need for privatisation in India

Posted by Manish Mittal 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Akshat Gupta 2 years, 6 months ago

Improved Efficiency: State-run companies are predominantly influenced by political intentions rather than economic well-being. It hinders the efficiency of public sector companies and prevents growth. Privatization deters government influence and aids economic growth. As private bodies do not have a political agenda, they focus more on spurring growth and efficiency within an organization for a greater generation of revenues. Increased Competition: State-run companies enjoy a monopoly and remain undisturbed by competition in the market. Privatization, accompanied by deregulation of the market, allows the private sector to engage more actively and encourages competition. The competition will, in turn, accelerate overall industrial and economic growth and protect the market against monopolistic sluggishness. Promotes Market Dynamism: Privatization liberates the economy from state control. Without government regulations dictating market progression, the market operates organically. Due to a lack of government interference, the market becomes more dynamic and follows integral economic values of demand and supply. Consumer response to a more dynamic and organically run market is greater and generates higher revenues. Revenue from the Sale of a Company: A primary objective of privatization is a one-time revenue generation for the government. Several governments have previously resorted to privatization when facing a fiscal crisis.

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Implications of Primary Deficit?

Posted by Parva Patwa 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 2 years, 6 months ago

The significance of primary deficit is that it reflects borrowings on account of current year expenditure exceeding the current year receipts of the government. Interest payment on the accumulated borrowings is not accounted for.

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Calculate consumption of fixed capital. I. NNP at FC=4000 ii. GDP at MP=5000 iii. Net indirect tax=300 iv. Net factor income from abroad=200

Posted by Ruchi Sharma 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Parva Patwa 2 years, 6 months ago

900

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Hello everyone please send me oswaal 15 sample paper follow economic class 12 please send now 🙌

Posted by Shivam Malhotra 2 years, 6 months ago

CBSE > Class 12 > Economics

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What is a microeconomics

Posted by Devesh Yadav 2 years, 6 months ago

CBSE > Class 12 > Economics

4 answers

M J 2 years, 6 months ago

The word micro in microeconomics comes from the Greek word mikros which means small Microeconomics is that branch of economics which studies the issue of scarcity and choice at the level of an individual , firm, household

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Anaaya Maurya 2 years, 6 months ago

Microeconomics means study of economics issues and problems 😪 where we study an individual and small part of economics 😊

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Ansil Mathew 2 years, 6 months ago

Study of a individual or a particular part of an economy is known has microeconomics

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Abhi Garg 2 years, 6 months ago

Study of economy as individual.Economic problems are Demand and supply and economic agents are producer and consumer

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Explain the problem of double counting? How can it be avoided?

Posted by Abhishek Kamath 2 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Dabral 2 years, 7 months ago

If a single transaction is recorded twice or more than twice in the calculation of national income, then it is known as double counting.
The problem of double counting is solved by value added method. Theoretically, to avoid double counting there may be two alternative ways:

Final Product Approach
Value Added Approach

Final Product Approach: According to this, the value of only final products, i.e. which go for final consumption or capital formation should be included. But in practical application of this approach double counting still creeps in as every producer treats the product he sells as final whereas the same might have been used as an intermediate product by the buyer.
Value Added Approach: Value added refers to the difference between the value of output and the value of intermediate consumption of each producing unit in the country. Sum total of a value added by all the producing units within the domestic territory of the country is equal to Domestic Product.focusing on value addition, we avoid double counting because we are not accounting for the value of intermediate consumption.

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Vishal Hulaniya 2 years, 6 months ago

Allocation of resources

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An increase in investment by rs.400cr leads to increase in national income by rs.1600.calculate MPS

Posted by Gurpreet Kaur 2 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Dabral 2 years, 7 months ago

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.... .... 2 years, 6 months ago

400

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State the statement is true or false Agriculture and industrial sector are complementary to each other

Posted by Nandini Gupta 2 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Dabral 2 years, 6 months ago

Both the agriculture sector and the industrial sector are mutually dependent on each other. Agriculture is dependent on industry for the supply of materials for building up social and economic overheads in the agricultural sector.
Further, many raw materials and inputs used in industrial production, e.g., cotton, jute, sugarcane, tobacco, etc., is supplied by the agricultural sector. In case of good harvest, the farmers have high incomes, which they use to demand more industrial goods. For example, during good harvest, many farmers buy new televisions, mobiles, clothes, etc. Similarly, when the people engaged in the industrial sector experience good income, then they demand higher quantities of food grains, eat more fish, meat and drink milk.

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Ansil Mathew 2 years, 6 months ago

Yes

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Explain exess supply

Posted by Aalik Jatav 2 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Divyansh Vashishths 2 years, 7 months ago

Excess supply is a situation in which the quantity of a good or service supplied is greater than the quantity demanded at the current market price.

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Inflation meaning?

Posted by Rakib Rakib 2 years, 7 months ago

CBSE > Class 12 > Economics

5 answers

Anjali Saini 2 years, 7 months ago

Rising prices

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Swastik Gupta 2 years, 7 months ago

Inflation means rise in money supply in a country

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Bikram Rai 2 years, 7 months ago

It's means rise in prices of good

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Dharmesh Srivastava 2 years, 7 months ago

Inflation means rise in price of goods

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Anandi Sigar 2 years, 7 months ago

Inflation means rise of price of commodities

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What is digital India

Posted by Sona Nabam 2 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Anjali Saini 2 years, 7 months ago

Digital India is a program to transform India into digital knowledge economy .

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How are the following treated in the estimation of national income? (a) Non-marketable goods.

Posted by Amreesh Kumar 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 2 years, 6 months ago

In- case of non-marketed goods, organised markets are not used and no exchange of goods takes place. Therefore these will not be included in the national income as it is difficult to estimate the value of production.

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Circular flow income ( two sector model)

Posted by Meghana Moora 2 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Aditya Kumar Jha 2 years, 7 months ago

Inclues two sectors Household gives factor service(land,labour,capital, entrepreneurship) in return the factor payment (wages,interest,profit,rent) from producing units or firms

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Anshika Jain 2 years, 7 months ago

Yes as money flow between two sectors which are household and firm

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the fundamental cause of unemployment from the labour demand angle is: a) high rate of growth of population b) lack of vocational education c) shortage of capital d) use of the capital intensive technique

Posted by Jasmer Jaglan 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 2 years, 6 months ago

Shortage of capital

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Educart is good or arihant

Posted by Arin Khokhar 2 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Kena Kr 2 years, 7 months ago

Arihant

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18. The fundamental cause of unemployment from the labour demand angle is: a) High rate of growth of population b) Lack of vocational education c) Shortage of capital d) Use of the capital intensive technique 19 Which of the following features is not associated with a socialist economy? C

Posted by Jasmer Jaglan 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 2 years, 6 months ago

Shortage of capital

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Economic ka chapter complete karna ka liya one shot pya question sample paper question save ha

Posted by Sunil Tyagi 2 years, 7 months ago

CBSE > Class 12 > Economics

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Define briefly the rational behind choosing modernisation as a planning objective for the Indian economy

Posted by Anamika Sorout 2 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Saini.Satwinder Saini Satwinder 2 years, 7 months ago

Modernization is one of the main objective of planning. Modernization refres to shifting the prodution from traditional to technical inputs so that's produce easly amd fast with the hepl of machine's

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Multiplier and it's implement in Indian economy

Posted by Yash Chauhan 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 2 years, 6 months ago

For the implementation of the development process in a mixed economy the following methods were employed:

Planning and governmental regulation to control the economy.
Licensing, subsidies, progressive taxing, price control and reforms etc. were also implemented.
To make a significant role in the public sector.
To ensure a political democracy.

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Role of rbi in control of credit

Posted by Sariful Reyon 2 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Aditya Kumar Jha 2 years, 7 months ago

Control of money supply by RBI There are two methods Quantitative A.Bank rate B.open market operations And many more Qualitative A. Margin requirements B. Moral suassion C. Rationing of credit

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Manish Subba 2 years, 7 months ago

Plz give me this question answers

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Manish Subba 2 years, 7 months ago

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Deficit deemand

Posted by Ayaan Hassan Hassan 2 years, 7 months ago

CBSE > Class 12 > Economics

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Preeti Dabral 2 years, 7 months ago

Deficient demand refers to a situation wherein aggregate demand in the economy falls short of aggregate supply of goods and services at full employment. As a result, resources of the economy remain partly utilised indicating under-employment.

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Find fiscal deficit and primary deficit if revenue expenditure is equal to 70000 borrowing is equal to 15000 revenue receipt is equal to 50000 interest payment is 25% of revenue deficit

Posted by Mishkat Tahreem 2 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Dabral 2 years, 7 months ago

Fiscal deficit and primary deficit

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Muskan Ali 2 years, 7 months ago

Your answer is correct

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State whether the following statements are true and false.give reason for your answer. 1. Difference between value of export and import of good and service are called balance of trade 2. External assistance is not record in balance of payments

Posted by Khushi Sharma 2 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Khushi Sharma 2 years, 7 months ago

1false (because it's a import and export of goods not a service).2 false(because borrowing from rest of the world=credit side in capital account ).

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Rashika Yadav 2 years, 7 months ago

2 true

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Rashika Yadav 2 years, 7 months ago

1 false

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Calculate national income Net current transfers from the rest of the world 10 Private Final consumption expenditures 600 National debt interest 15 Net exports -20 Current transfers from the government 5 Net domestic product at factor cost accruing to govt 25 Govt. Final consumption expenditures 100 Net indirect tax 30 Net domestic capital formation 70 Net factor income from abroad 10

Posted by Tannu Devi 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 2 years, 6 months ago

National Income:
= Private final consumption expenditure + Government final consumption expenditure + Gross Domestic Capital Formation + Net exports
= 600 + 100 + 70 + (-20)
= Rs.750 crores
NNP_FC = GDP_MP - Depreciation + NFIA - NIT
NNP_FC = 750 - 0 + 10 - 30
NNP_FC = Rs. 730 crore
Private Income:
= Income from Domestic product accruing to Private Sector + Net Factor Income from Abroad + Current tansfers from Government + Net Current Transfer from the Rest of the World + National Debit Interest.
NDP_FC = Income from Domestic product accruing to Public Sector + Income from Domestic product accruing to Private Sector
= 730 - 10 = 720
720 = 5 + Income from Domestic product accruing to Private Sector
715 = Income from Domestic product accruing to Private Sector
Private Income = 715 + 10 + 5 + (-10) + 15
= Rs.735 crores

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Name of two invisible items of balance of payments account?

Posted by Khushi Sharma 2 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Niharika Thakur 2 years, 6 months ago

Insurance, services

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Saini.Satwinder Saini Satwinder 2 years, 7 months ago

Banking and shipping

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Rashika Yadav 2 years, 7 months ago

Shipping, banking

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Anwita Maini 2 years, 7 months ago

Insurance services Transportation services

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Name of two invisible items bof balance of payments account?

Posted by Khushi Sharma 2 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Ravi Rock 2 years, 7 months ago

Gifts 🎁 Phone 📱

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What is the meaning of deficit in BOP ?

Posted by Khushi Sharma 2 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Aditya Kumar Jha 2 years, 7 months ago

When the debit side of BOP account is more than the credit side of BOP it is said to be a situation of BOP deficit

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Manish Subba 2 years, 7 months ago

It is an accounting statement that provides a systematic record of all the economic transactions between residents of a country and the rest of the world in a given period of time.

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Kaur Reet 2 years, 7 months ago

It is an accounting statement that provides a systematic record of all the economic transactions between Resident of a country and the rest of the world in a given period of time.

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Krishna Sharma 2 years, 7 months ago

When expenditures are more than receipts If revenue expenditure is more than revenue receipts then it's revenue deficit If total expenditure is more than total receipts then it's primary deficit

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