Economics Class 12 Important Questions 2024 with Answers PDF - Free Download
CBSE Class 12 Economics Important Questions
FAQs on CBSE Economics Class 12 Important Questions PDF 2024-25
1. Provide two examples and explain why there is a rise in demand for a foreign currency when its price decreases according to Class 12 Economics.
Imports become less expensive when the value of a foreign currency falls. As a result, importers have increased their need for foreign currency. As travel becomes more affordable, it is pushed internationally. So, the demand for foreign currency increases. For more information, visit Vedantu's official website. There you will find the solved answers which will be helpful in your exams. These solutions will cover all the important topics which are curated together from the exam's point of view. You can download these questions and save them on your PC for future reference.
2. What determines the flow of foreign exchange into a nation according to Class 12 Economics?
The following are the elements that influence the flow of foreign exchange into a country.
Foreigners trading in domestic commodities
Foreign direct investment (FDI) and portfolio investments in their native country
Purchase of foreign currency
For more information, visit Vedantu's official website. There you will find the solved answers which will be helpful in your exams. These solutions will cover all the important topics which are curated together from the exam's point of view. You can download these questions and save them on your PC for future reference.
3. What are foreign exchange and foreign exchange rates according to Class 12 Economics?
The conversion of one currency into another at a set rate is referred to as the foreign exchange. The rate of exchange is governed by factors such as demand and supply, hence currency conversion rates fluctuate. The rate of exchange at which one currency is exchanged for another is referred to as the foreign exchange rate. It depicts a currency's relative worth concerning another currency. For more information, visit Vedantu’s official website. There you will find the solved answers which will be helpful in your exams. These solutions will cover all the important topics which are curated together from the exam's point of view. You can download these questions and save them on your PC for future reference.
4. Explain the role of open market operations in correcting the deficient demand in an economy according to Class 12 Economics.
Open market operations are the sale and purchase of government and other sanctioned securities by the central bank to commercial banks and other financial organizations to rectify weak demand in an economy. When the economy's cash balance has to be raised, especially when demand is weak, the central bank tends to buy additional assets. For more information, visit Vedantu’s official website. There you will find the solved answers which will be helpful in your exams. These solutions will cover all the important topics which are curated together from the exam's point of view. You can download these questions and save them on your PC for future reference.
5. Explain the role of bank rate in correcting the deficient demand in an economy according to Class 12 Economics.
Correcting an economy's weak demand with a bank rate – The rate at which the central bank lends money to commercial banks is known as the bank rate. The bank rate has been reduced to control the deficit demand situation; as a result of the central bank's reduction in the bank rate, commercial banks will almost probably lower the market rate of interest. For more information, visit Vedantu’s official website. There you will find the solved answers which will be helpful in your exams and all the study materials are accessible free of cost. These solutions will cover all the important topics which are curated together from the exam's point of view. You can download these questions and save them on your PC for future reference.
6. Why are Economics Class 12 Important Questions 2024 with Answers PDF essential for exam preparation?
Economics Class 12 Important Questions 2024 with Answers PDF provide students with targeted practice on crucial topics, allowing them to consolidate their understanding and assess their readiness for exams. By solving these questions, students can identify important concepts, practice problem-solving skills, and familiarise themselves with the exam pattern.
7. Where can I find Class 12 Economics Important Questions with Answers PDF for the year 2024?
You can find Class 12 Economics Important Questions with Answers PDF for the year 2024 on Vedantu’s website. These resources are often available for free download and offer comprehensive coverage of the Class 12 Economics syllabus.
8. Are there any tips for effectively using 12th Economics Important Questions?
Yes, some tips for effectively using 12th Economics Important Questions include understanding the underlying concepts, practicing regularly, analysing your mistakes, and seeking clarification for any doubts or difficulties encountered while solving the questions.
9. Can Important Questions for Class 12 Economics Chapter wise PDF Download be used for self-assessment?
Absolutely, Important Questions for Class 12 Economics Chapter wise PDF Download can be used for self-assessment to gauge your understanding of the subject and track your progress over time. By comparing your answers with the provided solutions, you can identify areas where you need improvement and adjust your study strategy accordingly.