Environmental Economics — Economics STD 12 — Question

Assertion (A): Macro Economics is the study of the economy as a whole.
Reason (R): Macro Economics is also known as “Income theory”

…………………… are planned in such a way that the benefits are distributed to the society at large.

Per Capital Income of an economy can be established by –

Which of the following is correctly matched.

The growth of an economy is indicated by an –

Which of the following is not correctly matched:

(i) Surface water includes natural water found on the earth’s surface, like rivers, lakes, lagoons and oceans.
(ii) Hazardous substances coming into contact with this surface water, dissolving or mixing physically with the water can be called surface of land pollution.

Assertion (A): Keynes Law of propositions – when Income increases, consumption expenditure also increases but by a smaller amount.
Reason (R): Keynes Law of propositions – Increase in Income always lead to an increase in both consumption and saving.

……………………. was setup to augment the availability to concessional resources to low Income countries.

Match the following :
A. Adam Smith – (i) Progressive tax
B. Best tax system – (ii) Fiscal policy
C. Rebate and subsidies – (iii) Regressive tax
D. Tax rate decreases – (iv) Canons of taxation