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12th Standard English Medium Economics Subject Creative 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. Who is the controll authority of socialistic economy?

  2. What are the different models of circular flow of income?

  3. Write a note on Central Planning?

  4. Which are the four components of the macroeconomy?

  5. Draw the chart depicting various systems of economy

  6. Write the formula for calculating per capita income.

  7. What is National Income?

  8. What is Gross Domestic Product?

  9. Give an example of how real GDP could be increased even though no more output is produced

  10. What is the formula for calculating GDP at Market Price

  11. If NNP is dollar 7 trillion, net investment is dollar 500 billion and gross investment is dollar 1 trillion determine the level of GNP.

  12. Compare and contrast the terms nominal GDP and real GDP.

  13. Mention any two statistical problems as Difficulties in Measuring National Income

  14. What is Gross Nation Product at Market Price (GNPMP)?

  15. Write any two Criticisms of Say’s Law.

  16. Draw the diagram of effective demand

  17. What is Aggregate supply?

  18. Write any two long run factors which influencing marginal efficiency of capital?

  19. What is saving?

  20. What is the Meaning of Marginal Efficiency of Capital (MEC)?

  21. Mention the Factors Affecting MEC:

  22. What are the two equations of Fisher's Quantity Theories of Money?

  23. What is creeping inflation?

  24. Write about Money Increases Productivity of Capital in short.

  25. What is Currency Deposit Ratio (CDR)?

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