Friday, 30 June 2017

Demand True And False



Demand –True and False

Class 12 - 2017

Q1
The law of demand state inverse and proportional relationship between price and demand
Q2
Demand of a commodity falls due to rise in its price alone
Q3
As a result of fall in the number of consumers of a commodity , there will be contraction in its demand
Q4
A change in quantity demanded as a result of change in price will mean movement on the demand curve
Q5
There is increase in demand of a good when price of substitute good increases
Q6
Fall in product price causes the market demand curve to shift upward to right
Q7
If the good X and Y are substitutes , a rise in price of X will result in the rightward shift in demand curve of Y
Q8
The demand of a commodity always increases with increase in price of other good
Q9
The demand of good increases with the increase in the income of its buyers
Q10
Demand curves slopes downward from left to right

Important Questions for Unit Test Class 12 2017



Class 12
Unit Test 1
Important –Sure Shot Questions
Q1 Explain the law of variable proportion with the help of schedule and diagram
Q2 Explain the factors affecting demand
Q3 Explain the factors affecting supply
Q4 Explain the relationship between AC, AVC and MC
Q5 Explain the concept of producer’s equilibrium with the help of schedule and diagram
Q 6 Differentiate between
·         Increase in demand /supply and Decrease in demand/supply
·         Expansion in demand/supply and Contraction in demand/supply
Q7 Explain the concept of explicit cost and implicit cost
Q8 Explain the properties of PPC
Q9 Explain the factors affecting supply
Q10 Explain the revenue curves in perfect and imperfect competition
Q11 Numerical on
ü  Elasticity of demand
ü  Elasticity of supply
ü  Cost
ü  Production
ü  Revenue
ü  Producers Equilibrium
Q12 Explain the properties of PPC
Q13 Explain the properties of indifference Curve
Q15 Explain the equilibrium by Indifference Curve Analysis












Tuesday, 6 June 2017

ELASTICITY OF DEMAND CLASS 12 2017

CLASS 12 -2017
CHAPTER ELASTICITY OF DEMAND
PRACTICE WORKSHEET


Q1
Define price elasticity of demand
Q2
Give the formula for measuring price elasticity of demand according to percentage method
Q3
What is meant by perfectly elastic demand
Q4
When is demand for a good said to be perfectly inelastic demand
Q5
Explain
a)      Price elasticity of demand is a pure number
b)      Price elasticity of demand is a negative number

Q6
If the price of salt and coffee increases by the same proportion , will their quantity demanded also behave in the same manner
Q7
Price elasticity of demand for 2 goods X and Y are zero and (-)1 respectively Which of the 2 good is more elastic and why
Q8
A flatter demand curve is more elastic than a steeper demand curve at the point of intersection
Q9
Perfectly inelastic demand curve is parallel to y axis Why or Why not
Q10
The price elasticity of demand of a commodity is (-)0.5 . At a price of Rs 10 per unit , total expenditure on it is Rs 2000 . If the price reduced by 10 % Calculate demand at reduced price
Answer 105


Monday, 6 February 2017

Tax payement in India

Tax Payment in India

In India out of 100 people who give vote only 7 pay tax

Norway holds the top position in which 100 voters 100 pay tax

Followed by
Sweden 98/100
Canada 94/100
Netherlands
Australia

India is too low in this list
Out of G-20 countries India stands 18 position

Sunday, 5 February 2017

Preparing for exam 2017

What is your outlook towards the Board exams, barely a month away? Are you confident or unsure? Well-prepared or iffy? Exhausted or energetic? It is probably a bit of all these. At this stage, uncertainties about your level of preparation are as normal as those odd doubts in the tougher lessons. It is fine as long as you are not “terrified.” 
There are various ways to quieten those butterflies fluttering in your stomach. Change the way you approach the Board exams, said Prime Minister Narendra Modi in his Mann ki Baat on January 29. Why not think of exam months as a time of celebration? As pleasure, instead of pressure? Prepare with expectations of joy, he said, as you would a festival! 
Prepare well: Stick to a timetable. Learn all the lessons and plan last-minute revision according to the exam dates. While studying, take notes of points for quick reference on the exam day. Make flow-charts of topics/sub-topics/points, draw mind-maps, list major information on charts and display them on the wall. Read them constantly. 
Go through Q&As as many times as possible — this helps in matching questions to answers. If you have to memorise something, understand it thoroughly. Find out what every letter of the formula stands for.
Give enough time to each subject. Practise diagrams, tables and graphs. Solve previous years’ exam papers to understand question patterns. Write down formulae/theorems/definitions on flash-cards. Read them as you move around. Do you know how much time you take to write an answer? Find out. Practise proof-reading for spelling and grammar. 
Relax: Your preparation is thorough. Great. But sometimes, you could forget a word/phrase/formula as you write the answer. Once outside, it comes rushing back to you because you are free of exam tension. Stay relaxed, tension-free, and you’ll remember what you studied. 
Attitude: Always ask — “Will I do better than what I did in the previous exam?” Your competition is with yourself, not others. This is healthy, and it helps you improve without feeling low or depressed. Do not have unreal expectations of yourself. Accept your weak areas and work on them. “Accepting shortcomings opens solutions; expectations put hurdles in the way.”
Avoid television, films, chatting, long phone-calls and online messaging unless absolutely necessary. These will tire your brain. Speak less, allow your brain to spend time with yourself and absorb what you learn.
Stay healthy: We can not say this often enough: Get enough sleep. Stop studying at a particular hour, lie down, allow your mind to relax and ease into sleep gradually. If you are studying all night, your bio-rhythm needs to change to adjust to the exam schedule — you don’t want to fall asleep over the answer-sheet. So, two weeks before exams start, shift to the normal sleeping hours at night and stay awake during the day. 
Stay stress-free: This is easy to say, difficult to follow. But it needs to be done. After two-three hours of study, take a five-minute break. Get up, stretch, take a short walk, drink water (big de-stresser), rest your eyes and breathe deeply. Exchange jokes, laugh and talk about happy incidents in school. Energy comes from within — how did Federer pull off that incredible Australian Open victory?
Writing: Read the questions carefully. Have you understood them? Form answers in your mind before putting them on paper. If you are stuck for an answer, move on. After completing the answers you know, return to take a second look. Write without distraction, at an even pace, and try to finish five minutes before the bell. Proofread the answers, label the diagrams and underline the important points. Exam over!
The last lap: D-Day! Reach the exam hall early. It will give you time to check your admit card, supplies like pen, pencil and instrument-box. Talk to friends, listen to discussions. Once inside, settle down and arrange your things on the desk. Take deep breaths, stay calm and composed.

Saturday, 4 February 2017

India Digitalising

Pankaj Bhanwani
Instructor’s Name
4 February 2017
Digitalising India

A robust broadband network is imperative for the many digital scheme

The union budget for 2017-18 clearly highlights the centres resolve to promote the digital economy by reducing cash transactions, bringing more economic activity into the formal sector and curbing corruption
The stepped up funding of the Bharat net - A project to connect all 2.5 lakh gram panchayats to a high speed fibre network is welcomed
China is splurging a staggering $182 billion to ensure universal high speed internet access by the end 2017
Aadhar Pay a merchant version of Aadhar Enabled Payment System proposed to be launch soon may benefit those who do not have debit cards ,mobile  wallets and mobile phones
While this will increase digital transaction the government encourage to increase digital transactions by 2500 crores
It appears ambitious given the infrastructure constraints and insufficient behavioural change among users