Give the meaning of balance of payments. from Class 12 CBSE Pre

Subject

Economics

Class

CBSE Class 12

Pre Boards

Practice to excel and get familiar with the paper pattern and the type of questions. Check you answers with answer keys provided.

Sample Papers

Download the PDF Sample Papers Free for off line practice and view the Solutions online.
Advertisement

 Multiple Choice QuestionsShort Answer Type

11.

Explain the conditions of consumer’s equilibrium under indifference curve approach.

2473 Views

12.

State different phases of the law of variable proportions on the basis of total product. Use diagram.
Or
Explain the geometric method of measuring price elasticity of supply. Use diagram.

756 Views

13.

Explain the ‘free entry and exit of firms’ feature of monopolistic competition.

563 Views

14.

Good Y is a substitute of good X. The price of Y falls. Explain the chain of effects of this change in the market of X.
Or
Explain the chain of effects of excess supply of a good on its equilibrium price.

1211 Views

Advertisement
15.

Given below is the cost schedule of a product produced by a firm. The market price per unit of the product at all levels of output is Rs. 12. Using marginal cost and marginal revenue approach, find out the level of equilibrium output. Give reasons for your answer :

output (units) 1 2 3 4 5 6
average cost (in RS) 12 11 10 10 10.4 11
490 Views

16.

The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India is called : (choose the correct alternative)
(a) Statutory liquidity ratio
(b) Deposit ratio
(c) Cash reserve ratio
(d) Legal reserve ratio

327 Views

17.

Aggregate demand can be increased by : (choose the correct alternative)
(a) increasing bank rate
(b) selling government securities by Reserve Bank of India
(c) increasing cash reserve ratio
(d) none of the above

348 Views

18.

Give the meaning of involuntary unemployment.

342 Views

Advertisement
19.

What is primary deficit?

360 Views

Advertisement

20.

Give the meaning of balance of payments.


Balance of payments (BOP) defines a systematic record of all economic transactions between the domestic country and the rest of the world during a particular period of time.In other words it records the inflow of foreign exchange into the country and foreign exchange from the country.

289 Views

Advertisement
Advertisement