CLASS -12 Commerce Courses

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Crash Course

90 Lessons
20 hours
Intermediate

Get Ready to Score 90+ Marks with Confidence This crash …

What you'll learn
Complete understanding of the Class 12 Economics syllabus.
Key concepts explained with practical examples.
Simplified learning through flowcharts and diagrams.
Strategies to write high-scoring answers in board exams.
Important topics highlighted for quick revision.
time management techniques for exam preparation.
Chapter-wise detailed notes for easy learning.
Solved board exam questions with step-by-step guidance.
Techniques to tackle application-based questions.
Confidence to score 90+ marks in Economics.
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What you'll learn
1. Define Balance of Payments (BOP):
- Understand the meaning and significance of BOP as a record of international transactions.
2. Recognize the Importance of BOP:
- Identify BOP as an indicator of a country’s economic health.
3. Classify Economic Transactions:
- Distinguish between visible items, invisible items, and capital transfers in BOP.
4. Explain Visible Items :
- Describe the role of physical goods in the BOP as visible items.
5. Understand Invisible Items :
- Identify services and non-material transactions as invisible items in the BOP.
6. Discuss Capital Transfers :
- Recognize how capital receipts and payments impact a country's economy.
7. Analyze BOP Structure :
- Understand the division of BOP into current and capital accounts.
8. Differentiate Credit and Debit Entries :
- Explain how credits and debits are recorded in the BOP.
9. Explore Current Account Components :
- Break down the elements of the current account, including goods, services, and transfers.
10. Calculate Current Account Balance :
- Learn to determine the balance of the current account as surplus or deficit.
11. Examine Capital Account Components :
- Identify the key elements of the capital account like investments and borrowings.
12. Interpret Capital Account Balance :
- Assess the impact of capital inflows and outflows on national assets.
13. Compare Current and Capital Accounts :
- Differentiate between the functions of the current and capital accounts.
14. Define Autonomous and Accommodating Items :
- Understand the role of autonomous and accommodating items in BOP balance.
15. Explain BOP Balancing :
- Recognize how the BOP always balances through the double-entry system.
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