Class XII

Part-A  Multiple Choice QuestionsPart – B Answer the following questions in one or two sentences21. Define Money.Answer: According to Crowther "Money can be anything that is generally acceptable as a means of exchange and at the same time acts as a … [Read more...] about Monetary Economics – Class 12 Text Book Solutions

Part-A Multiple Choice QuestionsPart-B  Answer the following questions in one or two sentences21. What is consumption function?Answer: The consumption function refers to income consumption relationship. It is a “functional relationship between two … [Read more...] about Consumption And Investment Functions – Class 12 Text Book Solutions

PART A Multiple choice questionsPart - B Answer the following questions in one or two sentences21. Define full employment.Answer: Full employment refers to a situation in which every able bodied person who is willing to work at the prevailing wage rate, is … [Read more...] about Theories of Employment and Income – Class 12 Text Book Solutions

Part – A Multiple choice questionsPart – B Answer the following questions in one or two sentences21. Define National Income.Answer: According to Alfred Marshall, National Income is defined as “The labour and capital of a country acting on its natural … [Read more...] about National Income – Class 12 Text Book Solutions