Money and Banking — Economics STD 12 Humanities & Commerce — Question

Visits to foreign countries for sightseeing etc. by the people of India is on the rise. What will be its likely impact on foreign exchange rate and how?

A consumer consumes only two goods X and Y. If marginal utilities of X and Y are 4 and 5 respectively, and if price of X is Rs. 5 per unit and that of Y is Rs. 4 per unit, is the consumer in equilibrium? What will be further reaction of the consumer? Explain.

What is Marginal Rate of Transformation? Explain with the help of numerical example.

Give the meaning of revenue deficit, fiscal deficit and primary deficit.

Giving reason, classify the into stock or flow.
Foreign Investment.

What is full employment?

Quantity supplied of a commodity increases by 50% when its price rises from ₹ 8 per unit to ₹ 10 per unit. Calculate elasticity of supply.

What are the different phases in the Law of Variable Proportions in terms of Total Product? Give reasons behind each phase. Use diagram.

OR

State the different phases in the behaviour of total product in the law of variable proportions. Also, show the same in a diagram.

OR

Explain the law of variable proportions with the help of total product curve. Use diagram.

A shift in demand curve has a larger effect on price and smaller effect on quantity when the number of firms is fixed compared to the situation when free entry and exit is permitted. Explain.

Explain the relationship between Total Product, Average Product.