macroeconomics chapter 1 important questions
That ground can be divided into two parts: Microeconomics focuses on the actions of individual agents within the economy, like households, workers, and businesses; Macroeconomics looks at the economy as a whole. They regularly have to look for work. University of Manchester. Which are the prime requirement for production of goods and services? Give two reasons. Necessary Conditions for Multiple Cropping: Adequate irrigation facilities should be available on land. The small farmers grow the crops just to fulfil the needs of the family. Answer: Question 8. Explain by giving examples. Traditional seeds with low yield were used. Answer: It was brought in India by the I initiative of Indian government. It is required for growing crops, building factories and infrastructure. As study holidays are closing in, here are some important topics, and section-wise important questions for students to go through and prepare in the last minute. Economic Inequality: Unequal distribution of land leads to economic inequality. It is a scientific way of increasing the production. Start studying Macroeconomics: Chapter 1. Answer: They put most of their earnings or money in their bank accounts and get adequate interest on the same. Answer: National income Aggregate employment Question 2. Question 5. Define the meaning and aim of production. The medium and large farmers have surplus production even after keeping a substantial part for their own family needs. Answer: Question 26. What are the three central problems of Economy? Answer: Most of the villages are well connected with other neighboring villages or town through all weathered roads. The big farmers make big earnings by selling main crops in the market. Suggest some measures to increase non-farming activities. The essential inputs which are required for the production of goods and services are known as factors of production. What do raw materials and money in hand call? HOTS which can be used in production over many years is called fixed capital. Question 1. Latest Extra Questions for Class 11 Economics myCBSEguide has just released Chapter Wise Question Answers for class 11 Economics. Name two investment that can improve the quality of human capital. Answer: Practice Question. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Students who are preparing for their Class 12 exams must go through NCERT Solutions for Class 12 Economics Chapter 1 Introduction to Macroeconomics and its Concepts. 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(i) The farmers of Punjab, Haryana and Western Uttar Pradesh were the first to use modem farming methods in India. Farmers of which two states were the first to use modem farming methods in India? Answer: Answer: Question 6. [CBSE 2012] Answer: The main economic activity in Palampur is farming. Question 47. The new technology is early maturing and makes multiple cropping possible. Answer: Microeconomics and macroeconomics are not … Answer: Economic Principles- Microeconomics (BMAN10001) Uploaded by. All these are basic inputs for economic development. Initial impact of Green Revolution involves the Introduction of high yielding wheat in India are neatly arranged in commodity! Unable to afford HYV seeds ( c ) market Orientation: the main regions where Revolution. Of production which combines or arranges all the factors of production: its features... States were the first to use modem farming methods have overused the land of material! 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