ISC (Arts) इयत्ता १२ - CISCE Question Bank Solutions for Economics

Differentiate between Personal income and Private income.

Why are net exports added in the total expenditure in measuring National income by Expenditure method?

Discuss the categories of Factor income considered in calculating the National income by Income method.

Answer the following question.
What is meant by a propensity to consume?

Answer the following question.
Differentiate between the extension of demand and an increase in demand, using diagrams.

Answer the following question.
Explain the law of variable proportions with the help of a diagram.

Answer the following question.
What is meant by autonomous consumption? Explain with the help of a diagram.

A consumer spending on the purchase of goods regardless of the income in possession is an example of _______ consumption.

Complete the following schedule -

What is meant by the following function of the Central bank:

Clearing house

What is meant by the following function of the Central bank:

Lender of the last resort

Which one of the following is NOT a ceteris paribus assumption of the Law of Supply?

When the Marginal Product turns negative, Total Product will ______.

Why is the AVC curve U-shaped?

Complete the following table:

Explain Price Ceiling with the help of a diagram:

At the point of inflexion, ______ is maximum.

How is APS obtained from the APC?

With the help of a diagram, explain the relationship between Average Product and Total Product under the Law of Variable Proportions.

What is meant by autonomous consumption expenditure? Show it on a diagram.