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12th Standard English Medium Economics Reduced Syllabus Creative Five Mark Question with Answerkey - 2021(Public Exam )

12th Standard

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Economics

Time : 02:35:00 Hrs
Total Marks : 125

    Part-A

    5 Marks(Creative)

    25 x 5 = 125
  1. Explain the merits of Mixed Economy.

  2. Discuss the features of Capitalist economy

  3. Discuss the method measuring the National Income by Income Method.

  4. Explain the basic concepts of national income.

  5. Discuss the concept of “Factor Cost”.

  6. Given the table, calculate GNP, NNP, National Income, Personal Income and Disposable income

  7. Draw the diagram ADF.

  8. Comparison of Classicism and Keynesianism

  9. In each of the following scenario, classify the individual as frictionally,structurally, or cyclically unemployed. Explain your classification.
    (a) There has been a general economic slow down. Because of weak demand, Kumar has lost his portering job at the railway station.
    (b) Sathish, a newly qualified dental graduate, is looking for a place to set up practice.
    (c) Latha is thrown out of work by the introduction of a more mechanized production process.
    (d) Devi, a computer programmer with a large bank, quit her job two months ago in search of a better-paid programming position. She is still looking.

  10. Explain consumption function with the help of diagram.

  11. What are the factors on which MEC depends? Also give details on the factors which influence MEC.

  12. Explain Marginal propensity to consume and multiplier, with the help of a diagram.

  13. Explain the concept of super multiplier.

  14. Derive the value of the multiplier assuming the basic form of the consumption function as C = a + bY where "a" is autonomous consumption and "b" is the marginal propensity to consume. You may assume a two-sector economy.

  15. Explain the Secondary Functions.

  16. Explain the supply of Money and determinants of money supply in India.

  17. List the problems in defining Money Supply.

  18. Distinguish between Fisher’s and Cambridge Equation.

  19. Compare and contrast RBI and other Commercial Banks.

  20. Write the History, Administration and Brief Functions of RBI.

  21. Explain the disadvantages of FDI.

  22. Explain the determinants of Equilibrium Exchange Rate

  23. Explain Adam Smith’s Theory of Absolute Cost Advantage

  24. List the offers of International specialization

  25. Elaborate the WTO Agreements in detail

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