Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

'Lack of store of value' was a major problem under barter system, but goods like diamond, gold can be easily stored for future use. Then why this was not a popular mean under barter system?

Find net value added at factor cost:

S.No.	Particular	(Rs. Lakh)
	Durable use producer goods with a life span of 10 years	10
	Single use producer goods	5
	Sales	20
	Unsold output produced during the year	2
	Taxes on production	1

Name the branch of economics which is primarily concerned with the study of broad aggregates.OR
Which branch of economics deals with the aggregates of the economy?

What possible fiscal policy measures can be taken with respect to expenditure and income to correct (i) Excess demand and (ii) Deficient demand in the economy.

Calculate revenue deficit from the following data:

S. No.	Items	₹(in crore)
(i)	Revenue receipts	50,000
(ii)	Revenue expenditure	60,000

How demand deposits are different from time deposits? Explain.

Introduction of money has separated the acts of 'sale' and 'purchase'. How?

Giving reason, classify the into intermediate or final goods.
Sugar used by a sweet shop.

In India, inflation is rising day-by-day, it is the matter of concern for the government. Explain how RBI helps in controlling inflation?

Distinguish between a factor payment and a transfer payment.