✓ Board-verified↻ asked 3×
Economics · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 1 · Q3
Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative given below :Assertion (A) : Full employment situation refers to absence of involuntary unemployment.Reason (R) : Under full employment situation, all the willing and able bodied people get employment at the prevailing wage rate.Alternatives :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Marking-scheme solution
(A)
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Practice Determination of Income and Employment →All Determination of Income and Employment questions
More from Determination of Income and Employment
- Suppose in an economy, planned spendings are greater than planned outputs. Identify the correct option with…2025 · asked 3×
- Read the following statements carefully: Statement 1: Marginal Propensity to Consume (MPC) exhibits the…2025 · asked 3×
- Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given…2024 · asked 3×
- Marginal Propensity to Consume (MPC) exhibits the slope of function. (Choose the correct option to fill in…2025 · asked 3×
- Suppose in a hypothetical economy, Y = 50 + 0·8Y + 100, where Y = National Income. The value of Investment…2026 · asked 3×
- Read the following statements: Assertion and Reason (R). Choose the correct alternative from those given…2024 · asked 3×
- In a two-sector economy, the Aggregate Demand can be determined by adding and. (Choose the correct option to…2025 · asked 3×
- For a hypothetical economy, the government incurs an additional investment expenditure of ₹ 5,000 crore.…2024 · asked 3×
CBSE Class 12 Economics past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.