Study the following figure carefully and choose the correct alternative to fill in the blank:
Study the following figure carefully and choose the correct alternative to fill in the blank:
Show Hint
- Investments
- Trade of Services
- External Borrowings
- External Assistance
The Correct Option is B
Solution and Explanation
This is true because the consumption function consists of two components:
Autonomous Consumption: The minimum level of consumption that occurs even when income is zero.
Induced Consumption: The component of consumption that varies with changes in income.
Top Questions on Debts
- On the basis of the data given below, estimate the value of Gross National Product at Factor Cost (GNPFC): \[ \begin{array}{|c|l|r|} \hline \textbf{S.No.} & \textbf{Items} & \textbf{Amount (in ₹ crore)} \\ \hline (i) & \text{Wages and Salaries} & 2,000 \\ \hline (ii) & \text{Rent and Interest} & 800 \\ \hline (iii) & \text{Corporate Tax} & 500 \\ \hline (iv) & \text{Undistributed Profit} & 300 \\ \hline (v) & \text{Dividend} & 200 \\ \hline (vi) & \text{Depreciation} & 150 \\ \hline (vii) & \text{Net Factor Income from Abroad} & -50 \\ \hline \end{array} \]
- "Depreciation of currency may promote exports of a nation."
Defend or refute the given statement with valid arguments. Read the following statements carefully:
Statement 1: Money is a commodity which is generally accepted as a medium of exchange.
Statement 2: Money solved the problem of double coincidence of wants.Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): The equilibrium level of income is determined, when ex-ante spending and ex-ante output are equal.
Reason (R): The equilibrium level of income may or may not be the same as the full employment level of output.- From the type of workers given in Column I, identify the correct nature of work in Column II: \begin{center} \begin{tabular}{|c|l|l|} \hline Column I & Column II
\hline 1. Cement shop owner & (i) Regular salaried
\hline 2. Construction worker & (ii) Casual wage workers
\hline 3. Civil engineer & (iii) Self-employed
\hline \end{tabular} \end{center}
Questions Asked in CBSE CLASS XII exam
China was able to control its rapid population growth rate owing to __________.
(Choose the correct alternative to fill in the blank):- CBSE CLASS XII - 2024
- Economic History
Modernization is an important economic planning objective that focuses on ___________.
(Choose the correct alternative to fill in the blank):
[(i)] Adoption of innovative technology
[(ii)] Equal distribution of income and wealth
[(iii)] Bringing positive changes in the social outlook- CBSE CLASS XII - 2024
- India and China
During the British rule, India’s foreign trade had various features except ________.
(Choose the correct alternative to fill in the blank):- CBSE CLASS XII - 2024
- Money and Inflation
The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where _______.
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade, and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.- CBSE CLASS XII - 2024
- Money and Inflation
_______ farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance.
(Choose the correct alternative to fill in the blank):- CBSE CLASS XII - 2024
- Indian Economy