Introduction — Economics STD 12 Commerce — Question

Match List I (exchange rate change ) with List II (Nomenclature):

S.No.	List- Exchange rate change	List-II Nomenclature
1.	Lowering of the value of a country's currency in terms of other currencies.	Appreciation.
2.	Decline (or fall) in the value of a country's currency in terms of other currencies.	Devaluation.
3.	Increase in the value of country's currency in terms of other currencies.	Depreciation.

Define macroeconomics.

What is excess demand in macroeconomics?

Who is considered as agents of factor of production:

Why do non market economic activities, like:

1. Services of housewives.
2. Voluntary services and.
3. Leisure time activities.

help in the flow of goods and services of a country. But why are these not included in the estimation of national income?

Now a days, people are using debit and credit cards for monetary transactions. As per your opinion, is credit card a form of money?

What is meant by consumption goods?

Find net value added at factor cost:

S.No.	Particular	(Rs. Lakh)
	Durable use producer goods with a life span of 10 years	10
	Single use producer goods	5
	Sales	20
	Unsold output produced during the year	2
	Taxes on production	1

Explain the allocation function of a government budget.