What are demand deposits?  from Class 12 CBSE Previous Year Bo

Subject

Economics

Class

CBSE Class 12

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Sample Papers

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 Multiple Choice QuestionsShort Answer Type

21.

Explain the relationship between income of the buyers and demand for a good.

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22.

How can increase in foreign direct investment affect the price of foreign exchange? 

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23.

What are demand deposits? 


Demand Deposits also known as Current Account deposits refer to those deposits that provide the depositor the liberty to withdraw money at any point of time. That is, the account holder of the demand deposits can demand these deposits at any point of time as per their discretion and convenience. Such deposits do not offer any rate of interest. 

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24.

Give one example of “externality” which reduces welfare of the people. 

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25.

Give two examples of indirect taxes. 

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26.

What is a Government Budget? 

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27.

Explain the problem of double coincidence of wants faced under barter system. How has money solved it? 

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28.

Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each. 

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29.

Distinguish between revenue deficit and fiscal deficit.

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30.

Explain any one objective of Government Budget. 

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