Production Possibility Curve It refers to the graphical representation of various possible combinations of two goods and…
Concept of Economy/Economic system It refers to the system by which people earn their livelihood (food, shelter,…
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Concept of Scarcity: The concept of scarcity was first given by ‘Lionel Robbins’. It refers to a…
5 Min Read
Consumer’s Equilibrium Consumer: A person who decides what and how much to consume in order to get…
Money And Banking Important Questions. Q1. High powered money consists of: (a) Currency and Coins held by the…
CBSE Class 12th Indian Economy Most Important Questions Q1) Why Despite abolition of Zamindari system, poverty continues…
Reserve Bank Of India It is central bank of India. It was established on 1 st April…
National Income At Current Price (Nominal National Income)/ Nominal GDP • It refers to the money value…
The Government Budget The government budget is an annual statement, showing item-wise estimated receipt and expenditure of…
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