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Economics Class - XII 1999
(CBSE)
You are on questions of Set I
Q 1. Give the meaning of domestic factor
income? (1 mark)
Q 2. Define value of output? (1 mark)
Q 3. What is the meaning of capital as a factor of
production? (1mark )
Q 4. What is an entrepreneur? ( 1 mark)
5. Give the meanings of final goods &
intermediate goods? (2 marks )
Q 6. What is meant by labour intensive and capital
intensive techniques of production? (2 marks)
Q 7. Explain the concept of operating surplus? (3
marks)
Q8. Explain the concept of domestic territory? (3
marks)
Q 9. What is transfer payment? Distinguish between
current transfer and capital transfers?(1+2=3 marks)
Q 10.Explain briefly the steps taken in estimating
material (3 marks)
Q Q11.Calculate the emoluments of employees (3
marks)
(i) Dearness allowance
(ii) Social Security contributions by employees
(iii)Travel
expenses on business tour reimbursed by employees
(iv) Wages
& Salaries in cash
(v) Free food to employees during lunch
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(Rs.Crores)
10.0
5.0
20.0
460.0
20.0
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Q 12.What type of
data is required to measure national income at each of the three phases of
its circular flow? (3 marks)
Q 13 Explain briefly the basis of classification of
producing enterprises into primary, secondary and tretiary sectors? (3
marks)
Q 14.Calculate Gross Domestic Capital Formation: (3
marks)
(i) Net indirect
taxes
(ii) Opening stock
(iii) Net Domestic fixed capital
formation
(iv) Closing Stock
(v) Consumption of fixed capital
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(Rs crores)
10.0
5.0
180.0
25.0
15.0 |
Q 15.Explain any three precautions to be taken while
estimating national income through the Expenditure Method?(3 marks)
Q 16.Why has it not been possible to measure income
by each of the three methods simultaneously in India? Explain briefly
giving examples. Name four sub sectors of the Indian economy where the
income approach is used? (3 + 2=5 marks)
Q 17.Distinguish between an indirect tax and a
subsidy. Give two examples of each . What is the impact of subsidies on
factor payment?(2+2+1=5 marks)
Q 18.Calculate GDP at Market Price by (a) Production
method and
(b) Income Method. (3+2=5 marks)
(i) Intermediate Consumption
of :
(a) Primary Sector
(b) Secondary Sector
(c)
Tertiary Sector
(ii) Value of output of :
(a) Primary
Sector
(b) Secondary Sector
(c) Tertiary Sector
(iii) Rent
(iv) Emoluments of Employees
(v) Mixed
Income
(vi) Operating Surplus
(vii) Net factor income from
abroad
(viii)Interest
(ix) Consumption of fixed capital
(x) Net indirect tax
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(Rs. crores)
500
400
300
1000
900
700
10
400
650
300
( - ) 20
5
40
10
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Section B
Q 19.What is a normative statment? (1
mark)
Q 20.What is meant by economising resource? (1
mark)
Q 21.Define monopolistic competition? (1
mark)
Q 22.When total production increases at decreasing
rate what happens to the marginal product. (1 mark)
Q 23.Give the meanings of excessive demand and
deficient demand in macro-economics?(2 marks )
Q 24.State any two circumstances under which
abnormal profits may arise? (2 marks)
Q 25.Explain relationship between Marginal Revenue
and Average Revenue. Use diagram. (3 marks)
Q 26.State the steps involved in the construction of
an economic theory? (3 marks)
Q 27.Why do households buy more of a good at a lower
price? Explain.
(3 marks)
Q 28.Explain any three factors affecting the supply
of a good? (3 marks)
Q 29.A consumer buys 100 units of good X at Rs. 5/-
per unit. The price elasticity of demand for the good is 2. At what price
will he be willing to buy 140 units of good X ? (3 marks)
Q 30.What can be the effects on the equlibrium price
of a commodity when its demand & supply curves both shift to the right
simultaneously? Show any one of these effects on a diagram. (11/2 + 11/2
marks)
Q 31.How do changes in bank rates affect
availability of credit? Explain.
(3 marks)
Q 32.Explain the three features of monopoly market?
(3 marks)
Q 33.Explain briefly the Loanable Fund Theory of
Interest? (3 marks)
Q 34.Explain the theory of determination of income
and employment with the help of aggregate demand & aggregate supply
curves. (5 marks)
Q 35.Explain five factors determining price
elasticity of demand? (5 marks)
Q 36.Explain five factors causing scarcity of labour
to an industry? (5 marks)
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