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

Giving reason, classify the into intermediate or final goods.
Printer purchased by a lawyer.

Giving reason, state whether the following statement are true or false:
Real GDP = Nominal GDP.

Classify the following items into revenue expenditure and capital expenditure. Give reason for your answer.

1. Free supply of stationary to the students by the government.
2. Economic assistance given according to Ladli scheme.
3. Expenditure on the construction of computer lab in school by the government.
4. Expenditure on Mid Day Meal given to students by the government.

Classify the into durable, non-durable, semi-durable or service.
Tuition given by a teacher.

'Printing of new currency may not be a matter of concern always'. Do you agree? Why?

Giving reason, classify the into factor income or transfer income.
Unemployment allowances.

Analytically what does demonetisation comprise of?

Give the meaning of average propensity to save and average propensity to consume. Can the value of average propensity to save be negative? If yes, when?

Budget deficit creates disequilibrium in every economy, but in developing countries like India, why does government depend on it?

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.