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Economics Class - XII 1998 (CBSE)
You are on questions of Set III

SECTION A

Q 6. Will the following be included in national income? Give reasons;
(i) Gift Tax
(ii) Scholarship given by the government to poor students.


Q 12. Calculate compensation of employees from the following data;

  (Rs. in Lakhs)
(i) Value of output
(ii) Intermediate Consumption
(iii) Net indirect taxes
(iv) Consumption of fixed capital
(v) Operating surplus
(vi) Profits
500
100
20
10
270
100


Q 13. Calculate gross national product at market price from the following data;

  .(Rs. in Lakhs)
(i) Wages & Salaries
(ii) Net Capital formation
(iii) Exports
(iv) Imports
(v) Gross Capital formation
(vi) Exployees' contribution to social security
(vii) Net factor income from abroad
(viii) Rent & interest
(ix) Profits
(x) Indirect taxes
(xi) Subsidies
500
100
50
60
120
20
(-)10
250
400
50
10


Q 15. From the following data calculate national income;

  ..(Rs. in Crores)
(i) Change in stocks
(ii) Government final consumption expenditure
(iii) Private final consumption expd. in domestic market
(iv) Exports
(v) Imports
(vi) Direct purchases abroad by resident households
(vii) Net factor income from abroad
(viii) Indirect taxes
(ix) Subsidies
(x) Net capital formation
(xi) Consumption of fixed capital 20
20
200
400
30
40
30
(-)20
40
20
100
20


Q 16 How is the expenditure on gross capital formation measured?


Q 17 Explain any five precautions that should be taken while estimating national income by income method.


Q 20 What can be the maximum value of marginal propersity to save?


Q 33 The price of a commodity is Rs. 10 per unit and the quantity demanded at this price is 50 units. Its price falls to Rs. 6 per unit. How much will be its quantity demanded at the new price of the coefficient of its price elasticity of demand is 0.5?


Q 34 Explain any two fiscal measures to check excess demand in an economy.



 
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