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Economics · 2024 · 1 mark
CBSE 2024 · Region 2 · Set 1 · Q1
Read the following statements carefully :Statement $\displaystyle 1$ : A consumption function describes the relationship between consumption and savings.Statement $\displaystyle 2$ : Consumption function consists of two components — autonomous consumption and induced consumption.In the light of the given statements, choose the correct alternative from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
Statement $\displaystyle 1$ is false and Statement $\displaystyle 2$ is true.
Marking-scheme solution
(B)
Statement $\displaystyle 1$ is false and Statement $\displaystyle 2$ is true.
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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.