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Economics Class - XII
1999 (CBSE)
You are on questions of Set III
Q 1. What is the meaning of labour
as a factor of production? (1 mark)
Q 12.Calculate emoluments of employees. (Rs.
Crores) (3 marks)
(i) Dearness Allowance 20
(ii) Free food to
employees during lunch 15
(iii)Travel expenses on business tour
reimbursed 30
by employees
(iv) Social Security contributions by
employers 10
(v) Wages & Salaries in Cash 500
Q 13.Explain the problem of double counting? Also
state one of the ways of avoiding this problem. (3 marks)
Q 14.Distinguish between national income at current
prices and at constant prices? (3 marks)
Q 15.Calculate Gross Domestic Capital Formation: (3
marks)
(i) Consumption of fixed
capital
(ii) Closing Stock
(iii) Net Indirect taxes
(iv)
Net Domestic fixed capital formation
(v) Opening Stock
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(Rs. Crores)
15
20
5
100
10 |
Q 16.Calculate National Income by the (a) Production
Method and (b) Income Method: (5 marks)
(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)Rent
(v) Consumption of
fixed capital
(vi) Indirect taxes
(vii)Net factor income
from abroad
(viii)Subsidies
(ix)Interest
(x) Operating
surplus
(xi)Mixed Income
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(Rs. Crores)
1000
800
600
400
300
100
500
40
80
30
10
10
10
200
800
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Section B
Q 19.Define a market. (1 mark)
Q 23.Give the meanings of gross profit and net
profit. (2 marks)
Q 30.Price elasticity of supply of a good is 2.
A produce sells 60 units of a good at a price of Rs. 6/- unit. How much
will he be willing to sell at the price of Rs. 5/- per unit? (3
marks)
Q 32.How do changes in Cash Reverse Ratio affect the
availability of credit? Explain. (3 marks)
Q 34.Explain five factors determining real wages. (5
marks)
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