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  1. Asked: April 6, 2022In: Class 12 Economics

    What is non – plan Expenditure?

    Best Answer
    Nupurtewatia
    Added an answer on April 6, 2022 at 5:10 am

    Non – plan expenditure refers to the expenditure of the government incurred on routine functioning of the government irrespective of planning or non-planning. For example – expenditure on military, police normal running of government departments.

    Non – plan expenditure refers to the expenditure of the government incurred on routine functioning of the government irrespective of planning or non-planning. For example – expenditure on military, police normal running of government departments.

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  2. Asked: April 6, 2022In: Class 12 Economics

    How efficiency may increase if two firms merge?

    Best Answer
    MadhuPandeikar
    Added an answer on April 6, 2022 at 5:10 am

    It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better tecRead more

    It happens when one firm is not efficient, say, because of its obsolete technology. Whereas the other firm is inefficient, say, Because of its poor managerial skill. If both the firms merge, themselves, efficiency will increase in the form of lower cost as it will collectively make use of better technology and better managerial skill.

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  3. Asked: April 6, 2022In: Class 12 Economics

    Which of the following is correct?

    MadhuPandeikar
    Added an answer on April 6, 2022 at 5:10 am

    This Third option is correct one. (iii) MC curve cuts AVC at its minimum point

    This Third option is correct one.

    (iii) MC curve cuts AVC at its minimum point

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  4. Asked: April 6, 2022In: Class 12 Economics

    Production function is an expression of __________ relationship between inputs and output?

    MadhuPandeikar
    Added an answer on April 6, 2022 at 5:10 am

    I saw the question is there in NCERT solution for class 9 Economics. There the answer is second option Technical.

    I saw the question is there in NCERT solution for class 9 Economics. There the answer is second option Technical.

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  5. Asked: April 3, 2022In: Class 12 Economics

    What is Fiduciary Money?

    AnkitaVerma
    Added an answer on April 6, 2022 at 4:28 am

    Fiduciary money is accepted as money in the basis of trust that the issuer orders not by the order of government. For example Cheques, Demand drafts, Bills of exchange and more. It is also called non legal tender. Simply because it is optional and receiver is not bound to accept it.

    Fiduciary money is accepted as money in the basis of trust that the issuer orders not by the order of government.

    For example

    Cheques, Demand drafts, Bills of exchange and more. It is also called non legal tender. Simply because it is optional and receiver is not bound to accept it.

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  6. Asked: April 3, 2022In: Class 12 Economics

    What will be the effect of a deficit budget on aggregate demand (AD)?

    AnkitaVerma
    Added an answer on April 6, 2022 at 4:27 am

    AD curve will increase. This will be the visible effect of deficit budget on aggregate demand.

    AD curve will increase. This will be the visible effect of deficit budget on aggregate demand.

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  7. Asked: April 3, 2022In: Class 12 Economics

    Define High powered Money?

    Best Answer
    Simrantaneja
    Added an answer on April 3, 2022 at 6:23 am

    High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India. In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country. It consist of (i) currency (notes and coins)Read more

    High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India.
    In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country.

    It consist of (i) currency (notes and coins) in the hands of public(C)

    (ii) Cash reserve of commercial banks ( R )

    (iii) Other deposits with R.B.I. (O D).
    Formula = H = C + R + OD

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  8. Asked: March 29, 2022In: Class 12 Economics

    Which of the following statement is not true for fiscal deficit?

    Pankajsignh
    Added an answer on April 3, 2022 at 5:53 am

    Only correct answer given here is Borrowing from first option.

    Only correct answer given here is Borrowing from first option.

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  9. Asked: March 29, 2022In: Class 12 Economics

    What is meant by market period?

    Shweta1
    Added an answer on March 29, 2022 at 11:05 am

    Market period is a very short period within which firms cannot adjust their output to any change in price. In this case Supply curve is vertical.

    Market period is a very short period within which firms cannot adjust their output to any change in price.
    In this case Supply curve is vertical.

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  10. Asked: March 29, 2022In: Class 12 Economics

    Please someone briefly, easily explain the concept of cost Function?

    Best Answer
    Shweta1
    Added an answer on March 29, 2022 at 11:05 am

    Cost function shows working relation between output and cost of production. It tells that change in output leads to change in cost of production. Here cost is function of output. Cost function is expressed as C = f(q) where C = Cost of production, q = output, f = function.

    Cost function shows working relation between output and cost of production. It tells that change in output leads to change in cost of production.
    Here cost is function of output. Cost function is expressed as C = f(q) where C = Cost of production, q = output, f = function.

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  • Nupurtewatia
    Nupurtewatia added an answer Non – plan expenditure refers to the expenditure of the… April 6, 2022 at 5:10 am
  • MadhuPandeikar
    MadhuPandeikar added an answer It happens when one firm is not efficient, say, because… April 6, 2022 at 5:10 am
  • MadhuPandeikar
    MadhuPandeikar added an answer This Third option is correct one. (iii) MC curve cuts… April 6, 2022 at 5:10 am
  • MadhuPandeikar
    MadhuPandeikar added an answer I saw the question is there in NCERT solution for… April 6, 2022 at 5:10 am
  • AnkitaVerma
    AnkitaVerma added an answer Fiduciary money is accepted as money in the basis of… April 6, 2022 at 4:28 am

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