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Economics Class -
XII 1998 (CBSE)
You are on questions 1 to 18 of Set I
Time allowed :3 hours
Maximum
Marks: 100
Note:
(i) All questions are compulsory.
(ii) Marks
allotted to each question are indicated against it.
(iii) Question
numbers 1-14 and 19-22 are very short-answer questions.They should be
answered in one sentence each.
(iv) Question numbers 5-6 and 23-24 are
very short-answer questions.Answer to these should not normally exceed 30
words each.
(v) Question numbers 7-15 and 25-33 are short-answer
questions.Answer to these should not normally exceed 60 words
each.
(vi) Question numbers 16-18 and 34-36 are very long-answer
questions.Answer to these should not normally exceed 100 words
each.
(vii) The word limit is not applicable to numerical questions.
Section A
Q 1 When will the
rate of increase in real national income of a country not lead to the same
rate of increase in the real per - capita income ? (1 mark)
Q 2 Name the two consuming sectors in the domestic
economy. (1 mark)
Q 3 Define 'gross value added'. (1 mark)
Q 4 Why do exports form a part of national income?
(1 mark)
Q 5 Why are the following not included in national
income? (2 marks)
Q 6 Distinguish between domestic factor income and
national income.
(2 marks)
Q 7 How is domestic territory of a country different
from its political frontiers? (3 marks)
Q 8 Explain with the help of an example, the
economic interdependence of enterprises in modern economics. (3
marks)
Q 9 State the three components of change in stocks
at domestic level.
(1+2 marks)
Q 10. Do sale and purchase of second-hand physical
assets affect domestic fixed capital formation? Explain. ( 3 marks)
Q 11 Explain the component of net factor income
from abroad. (2+1 marks)
Q 12. Calculate operating surplus from the following
data :
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(Rs. in Lakhs) |
i) Net value added at factor cost
ii) Consumption of fixed capital 15
iii) Compensation of
employees 80
iv) Net Indirect taxes 10
v) Employees'
contribution to social security 5
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300
15
80
10
5
( 3 marks) |
Q 13 Explain the basis of clarifying the
producing enterprises of an economy into primary, secondary and teetiany
sectors. (3 marks)
Q 14. Calculate gross national product at market
price from the following data; ( 2+1 mark)
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(Rs. in lakhs) |
(i) Consumption of fixed capital
(ii) Value of output in primary sector
(iii) Value of output
in secondary sector
(iv) Gross value added at market price in
the teetiary sector
(v) Net Exports
(vi) Value of
intermediate consumption in;
a) Primary sector
b) Secondary
sector
c) teetiary sector
(vii) Net indirect taxes
(viii)
Net factor income from abroad
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10
100
150
150
(-)5
40
50
60
10
(-)5
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Q 15. Estimate national income from the following
data - (Rs. in crore)
( 3 mark)
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(i) Wages and salaries
(ii)
Employers' contribution to social security
schemes
(iii) Value
of free medical facilities to employees
(iv) Bonus
(v)
Employees' subscription to provident fund
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(Rs. In
lakhs)
350
40
60
35
30
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Q 16. How is the prirate final consumption
expenditure measured?
(5 marks)
Q 17. Explain the income method of
calculating national income.
Q 17 From the following data
calculate:
(a) Gross domestic product at market price by income
method, and
(b) Net national product at factor cost by expenditure
method. ( 2+3 marks)
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(i)Government final consumption
expenditure
(ii)Interest, rent and profits
(iii)Royalties
(iv)Gross capital formation
(v)Net Exports
(vi)Change in
stocks
(vii)Net factor Income from abroad
(viiiSubsidies
(ix)Private final consumption expenditure
(x)Indirect taxes
(xi)Consumption of fixed capital
(xii)Mixed income of
self-employed
(xiii)Compensation of employees
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(Rs. In
crores)
100
900
20
620
(-)10
100
(-)10
20
800
120
60
60
370
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Q 18. Which organisation estimates the national
income in India? Name the subsectors of the Indian economy for which
income method is used for estimating their contribution to the domestic
product. (1+4 marks)
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