April Assignment Answer 12th Economics – CG Board

April Assignment Answer 12th Economics: हेलो बच्चों – छत्तीसगढ़ बोर्ड के अप्रैल मई महीने के असाइनमेंट आ चुके है जिनके आंसर आप सभी के लिए हमारी वेबसाइट ज्ञानवर्ल्ड पर उपलब्ध है। इस आर्टिकल में आपको छत्तीसगढ़ बोर्ड बारहवीं कक्षा के Economics विषय के आंसर मिलेंगे, अगर आपको हमारे द्वारा उपलब्ध करवाए गए असाइनमेंट आंसर से थोड़ी भी मदद मिलती है तो हमें सोशल मीडिया पर लिखे करे और आर्टिकल को दोस्तों के साथ शेयर जरूर करे।

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April Assignment Answer 12th Economics

QUESTION 1

What is market ? Explain its salient features.

ANSWER

the term market’ does not refer to a specific place. Rather, it is a mechanism through which buyers and sellers come into contact with each other and buy and/or sell goods at mutually agreed prices.

Main features of a market include:

  • Buyers and Sellers: Buyers and sellers must come into contact with each other for a market to exist. It is only after the contact between the buyer and the seller, that a transaction takes place.
  • Area: You can easily find a market place nearer to a human settlement. But in today’s world, the market is not limited to a particular place. Today, in the age of Internet, we have a rapidly growing online market which is not limited to any geographical area. A buyer can place order to buy a good online. So modern Market exists physically and virtually.
  • Commodity: The transaction between buyer and seller has to be over some good or service. So a commodity becomes the integral part of a market.
  • Money transaction: Money is the mediums of exchange in the modern day world. Consumers pay money to the seller to buy goods as services in the market. So money and market are inseparable.

QUESTION 2

Explain pricing in full / perfect competition by table and diagram.

ANSWER

Under perfect competition, the industry determines the price following the same route of adjustment as described above with the help of twin market forces of demand and supply. Firms have to accept the price determined by the industry and offer their output at this price. This can be shown with the help of the following figure.

April Assignment Answer 12th Economics - CG Board

आने वाले असाइनमेंट आंसर के लिए आप हमारे टेलीग्राम चैनल के साथ जुड़ सकते हैयहाँ क्लिक करे

April Assignment Answer 12th Economics - CG Board

April Assignment Answer 12th Economics

Under perfect competition at price 4 per kg industry demand and industry supply are both equal to 16 kg and hence the equilibrium price determined by the industry is 4 per kg which has to be followed by all the firms of the industry. The firm may sell any quantity but the price remains constant at 4 per kg. That is why AR=MR in perfect competition in, and are represented by a revenue curve which is parallel to x-axis.

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QUESTION 3

Calculate gross value added at factor cost from the following data.

April Assignment Answer 12th Economics

आने वाले असाइनमेंट आंसर के लिए आप हमारे टेलीग्राम चैनल के साथ जुड़ सकते हैयहाँ क्लिक करे

QUESTION 4

Discuss the various components of aggregate demand in brief.

ANSWER

  • Household Consumption Demand

The household sector of the economy consists of individuals and families and non profit organization who serve the households. These entities consume final goods. and services for satisfaction of wants. Individuals and families demand both durable and non-durable goods. Examples of durable goods are, T.V., Refrigerator, Washing machine, Car, Scooter. Motorbike, Furniture, etc.

  • Producers or Firm’s Investment Demand

The firms and or the producers demand goods and services for further production. The demand for goods by the firms to produce a product is known as “Investment”. Firms demand capital goods such as machinery and equipment. They also demand intermediate goods for further production.

  • Government Expenditure

The Government constitutes an important sector which purchases goods and services for the benefit of public. So, all purchases made by the government are intermediate purchases. The Government provides services such as law and order, defence, education and health etc. To provide these service, the government functions through various ministries and departments.

  • Purchases by Rest of the World

In an open economy, the foreign countries, which have economic relationship with the domestic country constitute the rest of the world. The way the households of the domestic country demand goods and services inside the country, in the same way the foreigners also purchase goods and services from the country from outside. This is called import of the rest of the world or export of the domestic country.

CG Board Class 12 Economics April Assignment Answer

QUESTION 5

Explain important functions of commercial banks.

ANSWER

Acceptance of deposits: Every commercial bank accepts deposits from different sections of society including the general public, business entities and other institutions. Commercial banks accept following types of deposit:

  • Current Account Deposits or Demand Deposits
  • Savings Account Deposits
  • Fixed Deposit or Time Deposit or Term Deposit

  • Extending Loans and Advances: This is another important function of a commercial bank. This is also the main source of income of any commercial bank. Banks grant loans and advances out of the surplus money after keeping certain percentage of their total deposit called as reserves. Some important forms of loans and advances are ordinary loans, overdraft facility and discounting of bills of exchange.
  • Creation of Credit: This function is derived from the earlier two functions of the commercial banks. This unique function has direct impact on the supply of money in an economy.
  • Transfer of Funds: The banks provide the facility of fund transfer to its customers through the instruments of cheque, demand draft or electronic transfer from one place to another or one person to another.

आशा है कि आप सभी असाइनमेंट अच्छे तरीके से बना रहे है अपने दोस्तों और दोस्तों के दोस्तों के साथ इसे शेयर करे ताकि सभी अपना असाइनमेंट जल्दी बना सके, सोशल मीडिया पर थोड़ा प्यार देकर हमारी मदद करे

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नमस्ते मेरा नाम अजीत ठाकुर ज्ञानवर्ल्ड में आपका स्वागत है, मै पिछले 4 सालो से कंप्यूटर सॉफ्टवेयर टीचर हूँ और साथ ही ज्ञानवर्ल्ड वेबसाइट का लेखक हूँ। मेरा उद्देशय और इस वेबसाइट के माध्यम से ज्ञानवर्धक जानकारियां उपलब्ध करवाना है जो विभिन्न विषयो में आपका ज्ञान बढ़ाएगी। उम्मीद करता हूँ आपको यह एजुकेशनल वेबसाइट पसंद आएगी

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