ECONOMICS

STD XII

Q1 What do you mean by GDP ?

Q2 Which three sectors contribute towards GDP?

Q3 What percentage of national income is contributed by each sector?

Q4 Define primary sector , secondary sector and tertiary sector.

Q5 Which activities are included in different sectors?

Q6 Which sector contributes maximum to the GDP?

Q7 Define BOP.

Q8 With which countries do we have trade relations?

Export partners----China,USA,, United ,Saudi Arabia, HongkongSingapore, Bangladesh,

Germany,Sri lanka, Vietnam

Import partner-China ,USA,Saudi Arabia,Switzerland, Indonesia,Iraq,Qatar,Germany etc

Q9 Which items do we export and import?

Export items-jewellery, precious stones,ceramics, leather product,textile,diamond,rice

Aluminium,refined petroleum, pharmaceutical products, jute product, tea etc

Import items- oil,electronics,heavy machinery, vegetable oil, organic chemicals iron and steel etc

Q10 Which items come under current account ? Give example.

Q11 Which items come under capital account ? Give example.

Q12 Differentiate between current and capital account.

Q13 What do you mean by unilateral transaction? Give example..

Q14 Differentiate between BOP and BOT.

Q15 Which items we export and import maximum?

Import- oil. Electronics and heavy machinery

Export- meat exportation, dairy products and homeopathy medicines,

Q16 Why is our import more than our export?

Q17 What is the amount of our GDP?

2.972 trillion us dollar in 2019

Q18 What is the GDP growth rate now?

5.1%

Q19 What is the reason behind slow growth rate of GDP?

Weak investment, recession in industrial sector.

Q20 In what sense Indian economy is moving towards services –led export growth?