Introduction of Micro-Economics — Economics STD 12 Humanities & Commerce — Question

Categorize the following items into Revenue and Capital Expenditure.
Statement-Defence capital equipments purchased from Germany.

Give one example of “externality” which reduces welfare of the people.

What do you mean by overdraft facility?

Will the following items be included or not in National Income of India? Give reason for your answer.
Payment of bonus to school employees.

What should be the taxation and public expenditure policy in the situation of deficient demand?

Which combination is represented by the point below the marginal production possibilities curve ?

A doctor has a private clinic in New Delhi and his annual earnings are ₹ 10 lakh. If he works in a government hospital in New Delhi, his annual earning will be ₹ 8 lakh. What is the opportunity cost of having a clinic in New Delhi?

What is meant by the law of demand?

Will the following items be included or not in National Income of India? Give reason for your answer.
Indirect taxes like sales tax, excise duty etc.

Define utility.