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12th Standard English Medium Economics Subject Book Back 2 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 50

    2 Marks

    25 x 2 = 50
  1. Define the term ‘Inflation'.

  2. Classify the economies based on status of development.

  3. Define ‘Economic Model'.

  4. Define National Income.

  5. What do you mean by the term ‘Personal Income’?

  6. Define average propensity to consume (APC).

  7. Define Marginal Propensity to Save (MPS).

  8. What is barter?

  9. Define inflation.

  10. Define Central bank.

  11. Write the meaning of Open market operations.

  12. Mention the functions of agriculture credit department.

  13. Define International trade.

  14. What is the main difference between Adam Smith and Ricardo with regard to the emergence of foreign trade?

  15. What do you mean by Balance of Payments?

  16. Write the meaning of Special Drawing rights.

  17. What is Free trade area?

  18. Specify any two affiliates of World Bank Group.

  19. What is public revenue?

  20. What are the components of GST?

  21. Mention the countries where per capita carbondioxide emission is the highest in the world.

  22. Specify the meaning of seed ball.

  23. What is GNP?

  24. What are the social indicators of economic development?

  25. What is Statistics?

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