Economics of Development and Planning — Economics STD 12 — Question

Assertion (A): Capital is a neccessary but a sufficient condition of progress.
Reason (R): Economic development has much to do with human endowments, social attitudes, political conditions and historical accidents.

Which Of The Following Is Correctly Matched:

(i) Aggregate demand has the four components are consumption demand, investment demand, Government expenditure and Net export.
(ii) Aggregate demand refers to the required amount of labourers and materials to produce the neccessary output

Match the following :
A. Nominal Income – (i) Factor earning method
B. Production – (ii) National Income
C. Income Method – (iii) Final value of goods
D. Expenditure Method – (iv) Value added method

Which of the following is correctly matched:

(i) Income Method estimates National Income from the production side.
(ii) The value added method is also known as output method.

Match the following :
A. Modern state – (i) Indirect tax
B. Gift tax – (ii) Welfare state
C. Corporate tax – (iii) Direct tax
D. Sales tax – (iv) Tax of the central government

Which of the following is correctly matched:

Match the following :
A. Private property – (i) Capitalist Economy
B. Bureaucratic expansion – (ii) Laissez Faire Economy
C. Market Economy – (iii) Socialism
D. Socialism – (iv) China and Cubs

 Which of The Following is Not Correctly Matched.