Model Paper 3 — Economics STD 12 Commerce — Question

Suppose in a hypothetical economy, the income rises from ₹ 5,000 crores to ₹ 6,000 crores. As a result, the consumption expenditure rises from ₹ 4,000 crores to ₹ 4,600 crores. Marginal propensity to consume in such a case would be___________.

Which one of the following statements is correct?

What is the impact of deficient demand on production and employment?

Apart from currency notes and coins, the balance in ________, held by the public in commercial banks is also considered money since the amount in these accounts can be used to settle transactions. Such deposits are called demand deposits because they are payable by the bank on demand from the account-holder.

Money was evolved to remove the problems of barter exchange system. Find the correct sequence of evolution of money concepts:

1. Paper money.
2. Plastic money.
3. Metallic money.
4. Digital money.

Codes:

With a rise in real national income, welfare of the people:

Which of the following sector is engaged in consumption of goods and services and also provide factor services?