The crops which are grown in the rainy season i.e., June or July and harvested in October or November. What are rabi crops? Answer: Which of the following is not used in modem farming? Punjab. Soil degradation, reduced water table below the ground and water pollution. They are poor and helpless. Measures to Increase Non-farming Activities: Question 7. Consequence: Tools, machines and buildings fall under ‘fixed capital’. This could be another sustaining land productivity. (i) The farmers in Palampur grow jowar and bajra during the rainy season, potato between October and December and wheat in the winter season. CBSE Class 12 th Economic exam is scheduled for 13 th March 2020. QUESTION 1. (i) Cotton — Working capital, Large increase in agriculture production after 1967-68 due to the adoption of new agriculture strategy which implied a simultaneous use of better and modem agriculture inputs. Its main features were: Question 16. Question 33. Enumerate a few effects of modem farming method. (i) HYV seeds produce more output per hectare. Since Green Revolution introduced new machineries, it led to the replacement of labour, and further leading to unemployment and rural-urban migration. It was limited to wheat because HYV seeds were available only for wheat. They have little courage to challenge the upper caste people. CBSE Important Questions for Class 12 Economics Chapter Wise Pdf free download was designed by expert teachers from latest edition of NCERT books to get good marks in board exams. Traditional farming emphasises on the use of natural seeds and fertilizers. It was brought in India by the initiative of Indian government. They regularly have to look for work. Primary activity. As working capital for farming in the next season. Some money is always required during production to make payments and buy other necessary items. Misuse of groundwater is another important factor for lowering of water table. Answer: Why is it important to use land very carefully? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Question 10. Give an example of an entity which is not a part of fixed capital. HYV seeds need more fertilizers and water and they are expensive. Define yield. (i) Fixed Capital: It can be used in production over many years. Answer: As a result the same piece of land would now produce far larger quantities of foodgrains than was possible earlier. 4. CBSE class 12 economics exam is scheduled on Mar 26, 2018. What is its consequence? (b) Soil is a vital part of land and the basis of agricultural activities. Question 32. For example, wheat. Manufacturing in Palampur involves very simple production methods and are done on a small-scale. What are the factor of production? (ii) (a) There is the well-developed system of irrigation in Palampur that enables the farmers there to grow three different crops in a year. (e) It has led to growth of agro-based industries. If you are appearing for CBSE Class 12th Economics board exams 2020, then check this list of chapter-wise important questions & answers from Microeconomics and Macroeconomics. 1.1 What Economics Is and Why It's Important; 1.2 Microeconomics and Macroeconomics; 1.3 How Economists Use Theories and Models to Understand Economic Issues; 1.4 How Economies Can Be Organized: An Overview of Economic Systems; Key Terms; Key Concepts and Summary; Self-Check Questions; Review Questions; Critical Thinking Questions Answer: Question 15. Answer: Question 5. Give two examples of the working capital. (a) Increase in Agricultural Production and Productivity: Economic Principles- Microeconomics (BMAN10001) Uploaded by. Question 24. Explain its drawbacks. Which capital is known as working capital? (b) Electricity came early to Palampur. Which state in India has the highest consumption of chemical fertilizers? What capital is needed as first priority to set up a jaggery manufacturing unit? Question 11. Question 38. Human capital can be built only in the long run through education and training. ‘Money cannot buy all the goods and services that one needs to live well.’ Explain. For example, manufacturing of a car from steel. Question 22. Answer: Answer: (iv) Human Capital: The fourth requirement is the human capital. Question 19. It focuses on broad issues such as growth of production, the number of unemployed people, the inflationary increase in prices, government deficits, and levels of exports and imports. In Economics, a good is something which, Tweet; Email; This is the post on the topic of the 1st Year Biology Important Short Questions All Chapters - 11th Bio Notes. Its two different types are as follows: Rainy season. What is a market? Most of the Indian villages have primary schools, health centers etc. Persian wheel is the main source of irrigation in Palampur. Explain. Question 39. Question 2. Most of the villages are well connected with other neighboring villages or town through all weathered roads. (c) It brought the Green Revolution in the 1960s which resulted in high increase in the production of cereal grains, particularly, wheat and rice. The essential inputs which are required for the production of goods and services are known as factors of production. (b) It increases foodgrain production in the country. Most agricultural labourers are from low castes and the depressed classes. Microeconomics deals … Answer: Economics Class 10: Important Questions. What are kharif crops? 1. [CBSE 2012] Answer: The main economic activity in Palampur is farming. How are they able to grow these different crops in a year? Or Answer: Question 7. Answer: During which season do farmers of Palampur grow jo war and bajra? Answer: Question 16. Question 4. Question 27. Answer: Question 9. Farm machinery such as tractors, threshers, etc. The first requirement is land. (i) The farmers of Punjab, Haryana and Western Uttar Pradesh were the first to use modem farming methods in India. Class 9 Economics Chapter 1 Extra Questions and Answers The Story of Village Palampur. VSQ (i) Cotton, Questions are prepared in such a way; it revises the entire chapter 2 of Class 10 Economics. Which is the most abundant factor of production? The Green Revolution in the late 1960s introduced the Indian farmer to cultivation of wheat and rice using High Yielding Varieties (HYVs) of seeds. Economics is an important subject that tells you about society and people. It is used by rich farmers as it requires more inputs. (ii) Machine — Fixed capital. Question 13. Explain the distribution of workforce engaged in non-farming activities in the rural areas. Practice Question. The small farmers are put to great distress to repay the loan. Module. Explain any three problems. Answer: Answer: It has two components. Answer: MCQ Questions for Class 10 Social Science with Answers were prepared based on the latest exam pattern. Answer: Question 42. Questions: 1. The medium and large farmers have surplus production even after keeping a substantial part for their own family needs. And from all those definitions it could be concluded that economics is all related to our daily life and could be also relate with the commerce stream. Crop produced on a given piece of land during a single season. Question 2. Kharif crops are grown in the rainy season. The small farmers grow the crops just to fulfil the needs of the family. There are four requirements for production of goods and services: Land, labour, physical capital and human capital. Latest Extra Questions for Class 11 Economics myCBSEguide has just released Chapter Wise Question Answers for class 11 Economics. They borrow from large farmers or the moneylenders or the traders whd supply various inputs for cultivation. 1 INTRODUCTION. Answer: Why was the initial impact of Green Revolution limited to wheat and only to a few regions? Answer: Chapter Wise Important Questions Class 12 Economics. These Worksheets for Grade 11 Economics, class assignments and practice tests have been prepared … Define Green Revolution. NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12. Production requires a variety of raw material such as yarn used by the weaver and clay used by the potter. (c) Market Orientation: The new technology has made the farmers market- oriented. Scientific reports indicate that the modem farming methods have overused the land. Question 20. What is production? CBSE Class 12 Economics Important Questions Class 12 Important Questions for Macro Economics – Free PDF Download. Answer: Question 4. Answer: Question 3. Answer: National income Aggregate employment Question 2. It is concerned with the determination of aggregate output and general price level in which are not concerned with an individual rather the economy as a … Scan these questions and solve the answers to ace the economics exam. Explain the problems which arise due to unequal distribution of land. Question 7. which can be used in production over many years is called fixed capital. Answer: 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. For example, rice. Describe the role of the farmers after the crops are harvested and production is complete. Raw materials and money in hand are called working capital. Ploughs. Cash amount. (ii) Machine. In traditional method, the farmers use cow-dung as natural fertilizer, which they do not need to buy while chemical fertilizers need more cash to buy from the market. Land is a natural resource, once destroyed it is very difficult to restore it. They are illiterate, unhealthy and unskilled. University. Distinguish between Fixed, Working and Human Capital. Question 14. 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. Expert Teachers at KSEEBSolutions.com has created Karnataka 1st PUC Economics Question Bank with Answers Solutions, Notes, Guide Pdf Free Download of 1st PUC Economics Textbook Questions and Answers, Model Question Papers with Answers, Study Material 2020-21 in English Medium and Kannada Medium are part of 1st PUC Question Bank with Answers.Here KSEEBSolutions.com has given the … The rate of interest on such loans is very high. Due to adoption of HYV technology the production of foodgrains increased considerably in the country. What does HYV stand for? Such practices include intensity of cropping, rotation of crops, multiple cropping, fallowing etc. Answer: Which one is the most important? Wages vary widely from region to region and from crop-to-crop etc. The solutions first help you to test your level of understanding of the chapter. Contents. What is the basic constraint in raising farm production? Macroeconomics It studies economic problems at the level of an economy as a whole. Medium and large farmers have their own savings from the farming. While environmental resources like soil fertility and groundwater are built-up over many years. Knowledge and enterprise are needed to put together land, labour and physical capital in order to produce an output. So, it becomes necessary that we should use bio-compost and eco-friendly methods in place of using chemical fertilizers and pesticides. For example, tools, generator, turbines, buildings, computers etc. Which are the prime requirement for production of goods and services? It is required for growing crops, building factories and infrastructure. Working capital. Question 1. They work on daily wages. The productivity of other food grains has increased considerably. October to December. Traditional seeds produce less output per hectare. The basic constraint in raising farm productions land which is a fixed factor of production. The questions are neatly arranged in a proper manner for the student’s convenience. It should be clear by now that economics covers a lot of ground. Question 45. State any two features of modem farming method. Development Class 10 Extra Questions and Answer Economics Chapter 1 Value-based Questions (VBQs) Question 1. All the best! We have Provided Development Class 10 Economics MCQs Questions with Answers to help students understand the concept very well. (c) By mid-1970s, the entire area of 200 hectares was irrigated. For this purpose EduRev provides the best short and long questions for the Economics Class 11. 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