Introduction — Economics STD 12 Humanities & Commerce — Question

Giving reason state whether are included or excluded in/ from domestic territory.
Office of Tata in New York.

How is exchange rate determined in the foreign exchange market? Explain.

Explain the meaning of equilibrium level of income. Can there be unemployment in the economy at equilibrium level of income? Explain.

A consumer buys 30 units of a good at a price of Rs. 10 per unit. Price elasticity of demand for the good is (-)1. How many units the consumer will buy at a price of Rs. 9 per unit? Calculate.

Explain any two sources of restricted entry under monopoly.

How does giving incentives for exports influence foreign exchange rate? Explain.

What do you mean by primary deficit? Explain its implications.

Define current transfers.

Find net value added at market price:

		(Rs. lacs)
(i)	Fixed capital good with a life span of 5 years	15
(ii)	Raw materials	6
(iii)	Sales	25
(iv)	Net change in stock	(−) 2
(v)	Taxes on production	1

"A day without selling costs is nearly impossible". Comment.