MP Board Class 12th Economics Important Questions Unit 10 Balance of Payments MP Board Class 12th Economics Important Questions Unit 10 Balance of Payments Important Questions Very Short Answer Type Questions Question 1. What is Balance of Payment? Answer: The balance of payment of a nation consists of the payments made, within a particular period … Read more
MP Board Class 12th Economics Important Questions Unit 9 Government Budget and Economy MP Board Class 12th Economics Important Questions Unit 9 Government Budget and Economy Important Questions Very Short Answer Type Questions Question 1. What do you mean by government budget? How many types are there? Answer: A budget is the statement of financial … Read more
MP Board Class 12th Economics Important Questions Unit 8 Money and Banking MP Board Class 12th Economics Important Questions Unit 8 Money and Banking Important Questions Very Short Answer Type Questions Question 1. Write two taboo works of Reserve Bank of India. Answer: Two taboo works of RBI are: Reserve Bank cannot accept deposits on … Read more
MP Board Class 12th Economics Important Questions Unit 7 Determination of Income and Employment MP Board Class 12th Economics Important Questions Unit 7 Determination of Income and Employment Important Questions Very Short Answer Type Questions Question 1. What do you mean by marginal propensity to consume? Answer: Marginal Propensity to Consume (M.P.C.): It refers to … Read more
MP Board Class 12th Economics Important Questions Unit 6 National Income and Related Aggregates MP Board Class 12th Economics Important Questions Unit 6 National Income and Related Aggregates Important Questions Very Short Answer Type Questions Question 1. What is Micro-economics? Answer: Micro-economics studies economic actions of individuals e.g., a person, particular firm, individual household, a … Read more
MP Board Class 12th Economics Important Questions Unit 5 Simple Applications of Demand and Supply Curves MP Board Class 12th Economics Important Questions Unit 5 Simple Applications of Demand and Supply Curves Important Questions Very Short Answer Type Questions. Questions 1. What is administrative price? Answer: If price of any goods or services is determined … Read more
MP Board Class 12th Economics Important Questions Unit 4 Form of Market and price Determination MP Board Class 12th Economics Important Questions Unit 4 Form of Market and price Determination Important Questions Very Short Answer Type Questions Question 1. What is equilibrium price? Answer: The price at which the demand and supply of product is … Read more
MP Board Class 12th Economics Important Questions Unit 3 Producer Behaviour And Supply MP Board Class 12th Economics Important Questions Unit 3 Producer Behaviour And Supply Important Questions Very Short Answer Type Questions Question 1. What is production function? Answer: Production function refers to the functional relationship between the quantity of goods produced and factors … Read more
MP Board Class 12th Economics Important Questions Unit 2 Consumer Behavior and Demand MP Board Class 12th Economics Important Questions Unit 2 Consumer Behavior and Demand Important Questions Very Short Answer Type Questions Question 1. What is the law of demand? Answer: The law of demand states that other things remaining the same, quantity demanded … Read more
MP Board Class 12th Economics Important Questions Unit 1 Introduction MP Board Class 12th Economics Important Questions Unit 1 Introduction Important Questions Very Short Answer Type Questions Question 1. What do you mean by macro-economics ? Answer: Macro-economics aims at dealing with the aggregates and averages. It is not interested in the individual items but … Read more