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Assignment - 1 2020 - 21 Class:12 Economics - B (2 Mark Questions) Answer All The Questions

This document contains an economics assignment for Class 12 with questions in three parts - Part B contains 2 mark questions, Part C contains 3 mark questions, and Part D contains 5 mark questions. The questions cover topics in macroeconomics, economic systems, national income estimation, unemployment, aggregate demand and supply, investment, pollution, and sustainable development. Students are asked to define key terms, explain concepts, compare economic systems, discuss methods and policies. In total there are 50 questions across the three parts testing the students' understanding of important economic concepts.

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Malathi Raja
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280 views

Assignment - 1 2020 - 21 Class:12 Economics - B (2 Mark Questions) Answer All The Questions

This document contains an economics assignment for Class 12 with questions in three parts - Part B contains 2 mark questions, Part C contains 3 mark questions, and Part D contains 5 mark questions. The questions cover topics in macroeconomics, economic systems, national income estimation, unemployment, aggregate demand and supply, investment, pollution, and sustainable development. Students are asked to define key terms, explain concepts, compare economic systems, discuss methods and policies. In total there are 50 questions across the three parts testing the students' understanding of important economic concepts.

Uploaded by

Malathi Raja
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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ASSIGNMENT – 1 2020 – 21

CLASS :12 ECONOMICS

PART – B (2 MARK QUESTIONS)

ANSWER ALL THE QUESTIONS:

1. Define Macro Economics.


2. What do you mean by Capitalism?
3. Circular-Flow of Income - Define.
4. Write the formula for calculating GNP.
5. Define GDP Deflator.
6. Define Full Employment.
7. What is the main feature of rural unemployment?
8. Give reasons for labour retrenchment in the present situation.
9. What is effective demand?
10. What are the components of aggregate supply?
11. Define Multiplier.
12. Define Accelerator.
13. What is the consumption function?
14. What do you mean by propensity to consume?
15. Define Marginal Propensity to Consume (MPC).
16. What do you mean by propensity to save?
17. Define Average Propensity to Save (APS).
18. What do you mean by Eco-System?
19. Define Global Warming.
20. What are the remedial measures to control noise-pollution?

PART – C (3 MARK QUESTIONS)

ANSWER ALL THE QUESTIONS:


21. State the importance of Macro Economics.
22. Describe the different types of Economic Systems.
23. Outline the major merits of Capitalism.
24. Indicate the demerits of Socialism
25. Enumerate the features of a Mixed Economy.
26. Distinguish between Capitalism and Socialism
27. Briefly explain the two sector-Circular Flow Model.
28. Write a short note on Per-Capita Income.
29. Give a short note on Expenditure method.
30. Explain the following in short.
i) Seasonal Unemployment
ii) Frictional Unemployment
iii) Educated Unemployment
31. Write a short note on the implications of J.B. Say’s Law.
32. What do you mean by aggregate demand? Mention its Components.
33. Explain about aggregate supply with the help of a diagram.
34. Differentiate Autonomous investment and Induced investment.
35. Mention the differences between Accelerator and Multiplier effect.
36. Explain different types of Air-Pollution.
37. What are the causes of Water-Pollution?
38. State the meaning of “e-waste”?
39. What is Land Pollution? Mention the causes of Land Pollution.
40. Write a short note on: i) Climate Change ii) Acid Rain.

PART – D (5 MARK QUESTIONS)

ANSWER ALL THE QUESTIONS:


41. Compare the features among Capitalism, Socialism and Mixedism.
42. Discuss the various methods of estimating the National Income of a Country.
43. Describe the types of Unemployment.
44. Critically explain Say’s Law of Market.
45. Explain the operation of the Accelerator.
46. What are the differences between MEC and MEI?
47. Explain the importance of Sustainable Development and its Goals.
48. What do you mean by Socialism? Mention its merits.
49. What are the merits and demerits of Mixed Economy?
50. What is meant by Air-Pollution? Mention the causes of Air-Pollution.

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