Class 12 NCERT Solutions Macro Economics - Money and Banking - Free PDF Download
FAQs on NCERT Solutions for Class 12 Macro Chapter 3 - Money And Banking
1. How to Score Well in Class 12th Macroeconomics Chapter 3 for Boards?
To ace in Economics exam, one needs to have a quantitative and qualitative study which involves attending crucial lectures, taking notes, devoting time for revision, practising from the question paper and grasping definitions. If a student answers the questions with a graph and follows a mark scoring pattern of answering then scoring well will be easy.
A good technique of smart answering is to highlight the significant points and use bullet points to enhance visibility. Selecting the questions with internal choices to attempt, and marking them beforehand will be beneficial. Again referring to NCERT books and solutions will be fruitful for a 12th class student.
2. What is the Demand and Supply of Money?
The money supply is the total amount of monetary assets available in an economy at a period. Moreover, the demand for money involves the desired holding of financial assets which is recorded as it affects the inflation, exchange rate, price level of goods, and the business cycle.
It also expands the supply of money more slowly than average. This process is implemented to deal with unemployment and inflation of a country. Bonds, GDP, flat money, demand deposits, etc. also determines the working of money and supply.
3. What do you Mean by Demonetization?
The act of stripping a currency unit of its status as a legal tender of a country is called Demonetization. It has been used as a tool to steady the currency and fight inflation for a smooth flow of economy and trade. This is a way to replace the old money with new currency and keep a check on black and grey markets.
The Indian government in 2016 decided to demonetize the 500 and 1000 rupee notes. Without warning, Prime Minister Narendra Modi announced the two prominent denominations of a currency system to be stopped and exchange them for newly introduced 2000 rupee and 500 rupee bills.
4. What is Macro?
Macro is the truncated name used for a division of the subject Economics, known as Macroeconomics. Macro basically means ‘large’ and as a subject, it relates to the monetary issues of the world as a whole. This is where the concept of large comes in. This branch of the subject deals with the economic and monetary behaviour of the country, its decision-making policies, and the structural setup as a whole.
5. What are the main concepts covered in Macro?
Macroeconomics makes a student aware about the economy of a country, the monetary structural setup, the economic hierarchies of how the cash flows in a country, and various ideals and policies of the Government. Students are expected to know about foreign policies, demonetisation, banking systems, and barter systems. The answers to all the questions from Chapter 3 of the Class 12 Macroeconomics are given in the NCERT Solutions provided by Vedantu at free of cost.
6. Do I need to practice all the questions provided in NCERT Solutions of Class 12 Macroeconomics Chapter 3?
Students should practice all the questions provided in Class 12 Macroeconomics Chapter 3 NCERT Solutions because the questions are structured to cover all the important topics from the Chapter and help students understand the concepts better by getting a proper idea. They can refer to these solutions to get an idea about how to write the answers in the exam. This will also help you to score good marks in your board exams since the NCERT Solutions follow the same pattern as boards. The PDFs of these NCERT Solutions can also be downloaded from the Vedantu app for free.
7. From where can I download the NCERT Solutions of Class 12 Macroeconomics Chapter 3?
If you want to download the NCERT Solutions of Class 12 Macro Chapter 3, you can follow these steps:
Visit the page NCERT Solutions for Class 12. Choose the desired chapter.
You will find the NCERT Solutions for Chapter 3 of Class 12 Macroeconomics on this page.
You can click on the Download PDF button to download the pdf of these solutions to refer them offline.
Once it redirects you to the next page, you will find the link to download the PDF.
8. What is a Barter System?
The barter system is referred to as a system of exchange in which goods are exchanged without the involvement of money. Though it is an age-old system of goods exchange, it is also applicable in the economic setup in present times where the economy is exchanged without any monetary transaction. The barter system is used in a scenario where the demand for two commodities is equally present, which is a coincidence of commodities.