Edification Coachings

For 1st-12th NCERT books

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* 30 most important questions from all chapters excluding theory of income and employment.

Then
* 20 questions(14 short and 6 long)from theory of income and employment as its lengthy. Main questions are highlighted.

*Post comments include important foreign exchange video & important part from Frank ISC and VK Ohri CBSE books.
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1. A) What is meant by leakage and injection along with with 2 examples.

B) How to convert NDPfc into NNPmp etc. Basically the interchange of 8 income aggregates should be prepared.
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Helping points for numericals for question 1(b)

Gross to net (dep subtract)
Net to gross(depreciation add)
Domestic to national (NFIA add)
National to domestic(NFIA subtract)
Factor cost to market price ( Add NIT -which means add taxes,subtract subsidies)
Market price to FC (subtract NIT,which means subtract taxes and add subsidies)
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2. Components of income method/expenditure method to calculate national income.

3. Define transfer income or transfer payments with 2 examples.

4. Formula for price index/ find out nominal income from real income.

5. 2 primary,2 secondary, 2 contigent functions of money

6. 2 problems of the barter system.

7. What is legal tender or fiat money ?( ans: explain in terms of RBI, intrinsic and extrinsic value)

8. Explain the calculation of money supply? Is it a stock or real concept?
(ans: m1, m2, m3, m4)

9. What is high powered money or what is M o?

10. Formula for credit or money multiplier?

11. What is the credit multiplier mechanism or what is the investment multiplier mechanism?
( one of the two questions from 2 different chapters money and theory of income and employment can be asked)

12. Why is RBI treated as lender of last resort? And any 2 functions of Central Bank.

13. Learn all 6 quantitative methods to control money supply and atleast margin requirement, and credit rationing from qualitative methods.( this answer can be used in public finance apart from bank as well)

15. Difference between bank rate and repo rate.

16. Foreign exchange chapter 3 possible questions

A). Definitions:
Devaluation,
depreciation, revaluation, appreciation

B) Difference of fixed and flexible exchange rate system.

C) 4 graphs(similar to the demand and supply graph ISC made in term 1 in different chapter)

17. Revenue deficit ,fiscal deficit,primary deficit formulae with 1 implication each.

18. 3 features of tax especially no quid pro quo.

19. 1 Graph of 4 taxes merged.

20. Read few examples from national income back questions to judge whether a certain purchase is intermediate consumption(good) or final good.

21. 3 sector model of national income or 2 sector with capital market diagram.

22. Name the non tax sources of govt revenue and explain escheats.

23. Revenue receipts, capital receipts, revenue expenditure, capital expenditure
( 2 lines each and state examples)

24. What is surplus,balanced, deficit budget?

25. Define deficit financing and 2 reasons why is it done? And 2 implications.(especially include inflationary pressure with cost-price spiral)

26. Why does govt borrow? 4 reasons especially soft revenue option as short answer.

27. How does govt pay back the loans?
(all 6 points are important and any can be asked as short answer especially refunding, repudiation,sinking fund)

28. Difference between:
1. Productive debt and unproductive debt

2. Development and non developmental expenditure.

29. Components of Balance of Payments account:
Current as well as capital.( prepare 1 chart to remember all)

30. What is balance of trade,
Current account balance
Capital account balance
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Do the following chapter only if you have prepared well all the above 30 questions.

Question number 3,5,10,11,14,15,20 are most likely to be asked from the following 20 questions

Book used: Frank ISC Economics

Chapter: Theory of income and Employment
(the questions are in sequence to help the student extract important info from each page. Important graph and table no are alsomentioned)

Q.1. What is the basic proposition of income method? Who suggested this model? Does it apply to short run/long run?

Q.2. What is the difference between ex-ante and ex-post demand?

Q.3. Formulae of APC,MPC,APS,MPS and the definitions(simply state the definition by writing the formulae in words)
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Q.4 Write 2 properties of Keynesian consumption function?
( This question can be broken down in parts and can be asked as Q.5 and Q.6)

Q.5. 0

12th Students from various courses can use this for all subjects sample papers.

CISCE The Council for the Indian School Certificate Examinations (CISCE) is a privately held national-level board of school education in India that conducts the Indian Certificate of Secondary Education and the Indian School Certificate Examination]] for Class X and Class XII respectively. It was establis...