Read the following passage and answer the questions given below Passage:
Economic motivation is universally and easily available nowadays. It can be given in all sectors. In production sectors, more than one such stimulator is used to increase production. Workers and capitalists should work more enthusiastically to increase the production. For that incentive is very useful for such purpose. Desire of power, fame, honest intention of serving, patriotism, such encouragements also motivate human beings to work. These all sources of motivation are mixed more or less in ethical standards of work. Economic motivation is very important motivation. There can be various types of economic motivations.
Bonus is given to the workers for the task which is done before deadlines. Sample tasks are considered in the context of the task. Extra allowances or remuneration is given if the production is more than expected and quality is also maintained. This is done so that dissatisfaction does not arise among workers. Such efforts are constantly needed to increase production. The workers can work enthusiastically if the special allowances or incentives are offered. Promotion in job is offered as an encouragement to do good work is also a kind of economic incentive which is commonly used.
What is meant by economic motivation?
Show Hint
Solution and Explanation
What is the purpose of increasing the production for capitalists?
Show Hint
Solution and Explanation
Why is special remuneration (bonus) given?
Show Hint
Solution and Explanation
Compare the skilled and unskilled workers in secondary economic activity.
Show Hint
Solution and Explanation
Top Questions on Economic Geography
- “Human geography tries to explain the relationship of human beings with the physical environs of their occupation.” Analyse the statement.
- CBSE CLASS XII - 2025
- Geography
- Economic Geography
Which one of the following is incorrectly matched ?
List-I (Term) List-II (Meaning) (A) Physiological density Total population/Net cultivated area (B) Agricultural density Total agricultural population/Net cultivable area (C) Population density Total population/Total area (D) Marginal worker Total population/Total working population - CBSE CLASS XII - 2025
- Geography
- Economic Geography
- Match List-I with List-II:
- CUET (UG) - 2024
- Geography
- Economic Geography
- Role of transportation in trade
- Maharashtra Class XII - 2024
- Geography
- Economic Geography
Differentiate between:
Donor region and Recipient region.- Maharashtra Class XII - 2024
- Geography
- Economic Geography
Questions Asked in Maharashtra Class XII exam
Mahendra, Surendra and Narendra were partners sharing profits and losses in the ratio 5 : 3 : 2 respectively. Their Balance Sheet as on 31st March 2019 was as follows:
\[\begin{array}{|l|r|l|r|} \hline \text{Liabilities} & \text{Amount (₹)} & \text{Assets} & \text{Amount (₹)} \\ \hline \text{Capital Account:} & & \text{Stock} & 17{,}000 \\ \text{Mahendra} & 23{,}000 & \text{Furniture} & 18{,}000 \\ \text{Surendra} & 15{,}000 & \text{Land and Building} & 16{,}000 \\ \text{Narendra} & 12{,}000 & \text{Bank} & 37{,}000 \\ \text{Bills Payable} & 2{,}000 & & \\ \text{Creditors} & 8{,}000 & & \\ \text{Bank Loan} & 12{,}000 & & \\ \text{General Reserve} & 16{,}000 & & \\ \hline \text{Total} & 88{,}000 & \text{Total} & 88{,}000 \\ \hline \end{array}\]
Mr. Narendra died on 30th June 2019 and the following adjustments were agreed as per deed:
\[\begin{array}{rl} \bullet & \text{Stock, furniture, land and building are to be revalued at ₹ 16,700, ₹ 16,200 and ₹ 30,100 respectively.} \\ \bullet & \text{Narendra's share in goodwill is to be valued from the firm's goodwill, which was valued at 3 times the average profit of the last four years. The profits for the last four years were:} \\ & \quad \bullet \ \text{I year – ₹ 30,000} \\ & \quad \bullet \ \text{II year – ₹ 25,000} \\ & \quad \bullet \ \text{III year – ₹ 25,000} \\ & \quad \bullet \ \text{IV year – ₹ 40,000} \\ \bullet & \text{His profit up to the death is to be calculated on the basis of the profit of last year.} \\ \bullet & \text{Narendra was entitled to get a salary of ₹ 1,200 per month.} \\ \bullet & \text{Interest on capital at 10\% p.a. to be allowed.} \\ \bullet & \text{Narendra's drawing up to the date of his death was ₹ 900 per month.} \end{array}\]
Prepare:
\[\begin{array}{rl} \bullet & \text{(A) Narendra's Capital Account showing amount payable to his executor.} \\ \bullet & \text{(B) Give working notes for:} \\ & \quad \bullet \ \text{Share of goodwill due to Narendra} \\ & \quad \bullet \ \text{Share of profit due to Narendra} \end{array}\]
- Maharashtra Class XII - 2025
- Partner's Death and Capital Account
- How many coulombs of electricity is required to produce 1g of sodium metal by reduction of sodium ion?
- Maharashtra Class XII - 2025
- Electrochemistry
- Using Newton's law of viscosity for streamline flow, derive an expression for coefficient of viscosity.
- Maharashtra Class XII - 2025
- Mechanical Properties of Fluids
- Observe the given table and answer the questions below. \[\begin{array}{|c|c|c|c|c|} \hline \text{Price per kg in ₹} & \text{Consumer A} & \text{Consumer B} & \text{Consumer C} & \text{Market Demand (in Kg)} \\ \hline 35 & 5 & 10 & 15 & \boxed{} \\ \hline 30 & 10 & 15 & 20 & \boxed{} \\ \hline 25 & 15 & 20 & 25 & \boxed{} \\ \hline 20 & 20 & 25 & 30 & \boxed{} \\ \hline \end{array} \]
(a) Complete Market Demand Schedule.
(b) Draw Market Demand Curve Based on the Above Market Demand Schedule.- Maharashtra Class XII - 2025
- Market Demand Schedule
- At what temperature the surface tension of a liquid becomes zero?
- Maharashtra Class XII - 2025
- Mechanical Properties of Fluids