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Economics Class - XII 1999
(CBSE)
You are on questions of Set II
SECTION - A
Q 1. What is production process? (1 mark)
Q 2. What is the meaning of land as a factor of
production? (1 mark)
Q 5. What is meant by process based and product -
based division of labour? (2 marks)
Q 6. Explain the concept of mixed income with the
help of an example? (2marks )
Q 10.Calculate emoluments of employees: (3 marks
)
(i) Wages &
Salaries in Cash
(ii) Free food to employees during lunch
(iii)Travel expenses on business tour reimbursed
by
employees
(iv) Dearness Allowances
(v) Social Security
contributions by employers
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(Rs. Crores)
400
10
30
20
5
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Q 13.Calculate Gross Domestic Capital formation: (3
marks)
(i) Closing
Stock
(ii) Net domestic fixed capital formation
(iii)Net
indirect tax
(iv)Consumption of fixed capital
(v) Opening
Stock
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(Rs. Crores)
30
200
15
20
35
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Q 17.Calculate GDP mp by (a) Production Method and
(3+2=5 marks)
(b) Income Method:
(i) Value of Output of
:
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary
Sector
(ii) Intermediate Consumption of :
(a) Primary
Sector
(b) Secondary Sector
(c) Tertiary Sector
(iii) Emoluments of employees
(iv) Net factor income
from abroad
(v ) Operating Surplus
(vi) Mixed Income
(vii) Interest
(viii)Consumption of fixed capital
(ix)
Net indirect tax
(x) Rent
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(Rs. Crores)
300
200
100
100
50
50
150
( - )
10
100
50
20
40
60
10
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SECTION - B
Q 19.When total product increases at increasing
rate what happens to marginal product? (1 mark)
Q 20.Define Monopoly. (1 mark)
Q 24.What is meant by fiscal policy and monetary
policy? (2 marks)
Q 28.Price elasticity of supply of a good is 5. A
producer sells 500 units of this good at Rs.5/- per unit. How much will he
be willing to sell at the price of Rs. 6 per unit? (3 marks)
Q 31.Explain three features of monopolistic
competition. (3 marks)
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