CBSE Class 11 Economics Inflation Problems and Policies Assignment Set B

Read and download free pdf of CBSE Class 11 Economics Inflation Problems and Policies Assignment Set B. Get printable school Assignments for Class 11 Economics. Standard 11 students should practise questions and answers given here for Economics in Grade 11 which will help them to strengthen their understanding of all important topics. Students should also download free pdf of Printable Worksheets for Class 11 Economics prepared as per the latest books and syllabus issued by NCERT, CBSE, KVS and do problems daily to score better marks in tests and examinations

By inflation in ordinary language, we mean a process of rising prices. Inflation is a situation of persistent and appreciable rise in prices, leading to fall in purchasing power of money. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index over time.

Main causes of cost-push inflation are :

* Higher wage rate

* Higher profit margin

* Higher taxes

* Fall in the availability of basis inputs.

* Administered higher prices of inputs.

Causes of Inflation

1. Demand factors

* Growth of population

* Rise in employment and income

* Increase in pace of urbanisation.

2. Supply factors

* Irregualr agricultural supply

* Hoarding of essential goods.

* Rise in administered prices.

* Agricultural price policy

* Rising prices of imports

* Inadequate growth of industrial production.

Question

1. Define inflation

2. Define deflation

3. Define stagflation

4. Which demand factors cause inflation?

5. Which supply factors cause inflation?

6. What is demand pull inflation?

7. What is cost push inflation?

8. What is inflation rate?

9. Who controls and monitor monetary policy india?

10. What is fiscal policy?

SHORT ANSWER QUESTIONS 

1. Explain demand pull inflation.

2. Explain monetary measures to control inflation.

3. Explain fiscal measures to control inflation.

4. What are the various types of inflation?

5. What are supply factors which cause inflation?

6. What are the major impact of inflation on the economy?

LONG ANSWER QUESTIONS 

1. What is demand pull inflation? What are its causes?

2. What is cost push inflation. What are its causes?

3. What have been general causes of inflation in India?

4. What are the measures taken by the government to tackle inflation?

5. What is the impact of inflation on the economy?

ANSWERS OF 01 MARK QUESTIONS

1. Inflation is a situation of persistent and appreciable rise in prices, leading to fall in purchasing power of money.

2. Deflation is a situation where prices are falling and value of money is rising.

3. Stagflation means stagation plus inflation. It is a situation where stagnation co- exists with inflation in an economy.

4. Growth in population, rise in employment and increasing pace of urbanisation cause inflation.

5. Hoarding of essential goods, irregular agricultural supply, rise in administered prices and inadequate growth of industrial production
are some of the supply factors which cause inflation.

6. Demand pull inflation arises when there is an excess of demand for goods over their supply.

7. Cost push inflation occure when rise in pirce is due to rise in the cost of production.

8. Inflation rate is a chief measure of price inflation. It is annualized percentage change in a general price index over time.

9. The reserve bank of india controlls and monitors monetary policy in India.

10. Fiscal policy is the expenditure and revenue policy of the government.

 

Please refer to attached file for CBSE Class 11 Economics Inflation Problems and Policies Assignment Set B


Tags: 

 


Click to View or Download pdf file
Click for more Economics Study Material

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Latest CBSE Syllabus for 2021 2022 PDF Download

Latest Syllabus for Class 12 for 2021 2022 Latest Syllabus for Class 11 for 2021 2022 Latest Syllabus for Class 10 for 2021 2022 Latest Syllabus for Class 9 for 2021 2022 CBSE has issued the latest syllabus for the academic year 2021 2022 which is applicable for all...

Time management for CBSE students

The first thing to learn about Time Management is that time is theoretical so you can’t really manage it. What you do when you get into time management, is that you manage yourself. You decide what has to be done, when it must be done and how to do it in the stipulated...

Class 10 Boards Cancelled Class 12 postponed

Looking to the present situation of the pandemic and school closures, and also taking in account the safety and well-being of the students, it is decided as follows:   1. The Board Exams for Class XIIth to be held from May 4th to June, 14th, 2021 are hereby postponed....

Revised Datesheet for Class 10 and 12 Board Exams

Revised date sheet for Class 12 - scroll down for datesheet for class 10 Revised datesheet for Class 10

SOF Science Olympiad Foundation

SOF~ The most desired name for Olympiads in the Educational World! SOF” refers to the Science Olympiad Foundation. It is an Academic Institution assisting educational based competition and enhancing competitive spirit among the School- Level students. The Science...

SOF IMO International Mathematics Olympiad

SOF IMO refers to the International Mathematics Olympiad organised by SOF, the Science Olympiad Foundation. SOF is the educational foundation involved in the academic upgradation of students. This Olympiad is a maths competitive examination conducted for the aspiring...

×
Studies Today