CBSE Class 12 Economics Chapter VBQs

  • CBSE Class 12 Economics Balance of Payments VBQs

    CBSE Class 12 Economics Balance of Payments VBQs 1. What is the likely effect of depreciation or devaluation of a currency of the country‘s foreign trade? Ans: It encourages exports from the country and discourages imports from rest of the world. 2. India is suffering from the problem of current...

  • CBSE Class 12 Economics Government Budget And The Economy VBQs

    1. Between direct and indirect tax, which should be used more for equitable distribution of income and why? Ans :- Direct tax as it is progressive in nature 2. What is a Zero PRIMARY deficit budget? Ans:- It means that the Government has to borrow only for making interest payments of the previous...

  • CBSE Class 12 Economics Determination of Income And Employment VBQs

    DETERMINATION OF INCOME AND EMPLOYMENT 1. ―Investment demand includes financial investment like purchase of shares from secondary market‖. Do you agree? Ans: The term investment here refers to real investment, not the financial investment. Real investment is concerned with the increase in stock of...

  • CBSE Class 12 Economics Money And Banking VBQs

    MONEY & BANKING 1) Out of the Bank rate policy and open market operations, which will you prefer in India? Ans: The bank rate policy should be preferred by the RBI because the policy of open market operations cannot be used effectively in our country. 2) Why should be the top most role of the...

  • CBSE Class 12 Economics National Income And Related Aggregates VBQs

    National Income and Related Aggregates 1. GDP of a Nation rose by 6%, does it represent real Growth of the Country? Ans . No, because inflationary growth must be discounted from it. 2. ―GDP does not include all the economic transactions in it‖. Comment, Ans . Indian Economy is an underdeveloped...

CBSE Class 12 Economics Balance of Payments VBQs

CBSE Class 12 Economics Balance of Payments VBQs

1. What is the likely effect of depreciation or devaluation of a currency of the country‘s foreign trade?

Ans: It encourages exports from the country and discourages imports from rest of the world.

2. India is suffering from the problem of current Account deficit .How is it met or fianced?

 


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CBSE Class 12 Economics Government Budget And The Economy VBQs

1. Between direct and indirect tax, which should be used more for equitable distribution of income and why?

Ans :- Direct tax as it is progressive in nature

2. What is a Zero PRIMARY deficit budget?

Ans:- It means that the Government has to borrow only for making interest payments of the previous years, and that there are no fresh borrowings.

3. What will be the effect of reduction of subsidies on fiscal deficit?

 


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CBSE Class 12 Economics Determination of Income And Employment VBQs

DETERMINATION OF INCOME AND EMPLOYMENT

1. ―Investment demand includes financial investment like purchase of shares from secondary market‖. Do you agree?

Ans: The term investment here refers to real investment, not the financial investment. Real investment is concerned with the increase in stock of capital assets such as machines, tools, equipment, inventories and also fixed assets. Therefore investment demand does not include financial investments.

 


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CBSE Class 12 Economics Money And Banking VBQs

MONEY & BANKING

1) Out of the Bank rate policy and open market operations, which will you prefer in India?

Ans: The bank rate policy should be preferred by the RBI because the policy of open market operations cannot be used effectively in our country.

2) Why should be the top most role of the Central Bank in a developing economy like India?

 


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CBSE Class 12 Economics National Income And Related Aggregates VBQs

National Income and Related Aggregates

1. GDP of a Nation rose by 6%, does it represent real Growth of the Country?

Ans . No, because inflationary growth must be discounted from it.

2. ―GDP does not include all the economic transactions in it‖. Comment,

 


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CBSE Class 12 Economics Forms Of Market VBQs Set A

FORMS OF MARKET AND PRICE DETERMINATION

Q1. ―Demand curve facing a monopoly firm is a constraint for the monopolist.‖ Comment

Ans :- one seller, price maker

Q2. Price discrimination should be socially desirable. How?

Ans :- For the benefit of the poor

 


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CBSE Class 12 Economics Producer Behaviour And Supply VBQs Set A

1) How can the productivity of Human resources be increased?

ANS:- The productivity of human resource can be increased with the help of human capital formation by providing training and skill to available labour force.

Value: Creative thinking

2) What efforts should be made in an economy to reduce the continuous use of exhaustible natural resources in production?

ANS:- There are various efforts namely,

1. To increase the use of renewable resources

 


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CBSE Class 12 Economics Consumers Behaviour And Demand VBQs

1. Keeping the health of the people in mind, the government should be considerate in fixing the .price of essential items like milk, as price elasticity of demand is;

Ans) a More than one b) less than one, c) equal to one d) zero

2. For proper allocation of his income, a consumer shall maximize his gain when the

Ans.a) MU=Price b) MU>Price c) MU<Price d)None

3. Price of petrol has increased. As a result, the consumer should:

 


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CBSE Class 12 Economics Introduction To Micro Economics VBQs

INTRODUCTION TO MICRO ECONOMICS:

1. India is a labour abundance and capital scarce economy. Which technique of production should be used to produce the commodity?

Ans: India should adopt labour intensive technology.

2. As water resources are limited in our country, how can we economise the water resources so that it would not become a future problem for us. Give any two suggestions.

Ans: i) Rain water harvesting to be implemented as must.

ii) Recycling of Water and economical use of water.

 


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