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12th Standard Economics Important 3 Mark Questions

12th Standard

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Economics

Time : 01:30:00 Hrs
Total Marks : 90

    Answer all the following Questions.

    30 x 3 = 90
  1. Describe the different types of economic systems.

  2. Distinguish between Capitalism and Globalism.

  3. Differentiate between personal and disposable income.

  4. What is the solution to the problem of double counting in the estimation of national income?

  5. Explain Keynes’ theory.

  6. Explain about aggregate supply with the help of diagram.

  7. Mention the differences between accelerator and multiplier effect.

  8. Specify the limitations of the multiplier.

  9. Write a note on metallic money.

  10. Write the types of inflation

  11. Give a brief note on NBFI.

  12. What are the functions of NABARD?

  13. Compare the Classical Theory of international trade with Modern Theory of International trade.

  14. What are import quotas?

  15. What is Multilateral Agreement?

  16. State briefly the functions of SAARC.

  17. Mention any three similarities between public finance and private finance.

  18. What are the functions of a modern state?

  19. What are the causes of water pollution?

  20. State the meaning of e-waste.

  21. Elucidate major causes of vicious circle of poverty with diagram

  22. Distinguish between functional and structural planning.

  23. What are the functions of Statistics?

  24. Discuss the important statistical organizations (offices) in India.

  25. Draw the flow chart of Functioning of an Economy Based on Activities

  26. List out a few statistical problems in calculating national income.

  27. Explain how it might be possible for the unemployment rate to decline even though the number of unemployed is growing

  28. Draw the diagram of induced investment and autonomous investment.

  29. In the below given diagram 
    I. Why does the consumption curve start from Y axis?
    II. What is the significance of the 45

  30. Explain “The Keynes Equation” Keynes equation is expressed as:

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