|
Economics Class -
XII 2000 (CBSE)
You are on Set l questions
Time allowed: 3 hours
Maximum
marks:100
Q1 Why are exports included in the estimation of
national income ? (1 mark)
Q2 Give two examples of non-departmental government
enterprises in India.
(1 mark)
Q3 Name any two sub-sectors of the Indian Economy
for which production method is used for estimating their contribution to
national income. (1mark)
Q4 Name any two subsectors of the tertiary sectors
in India. (1 mark)
Q5 Distinguish between current transfers and capital
transfers. (2 marks)
Q6 Define gross domestic capital formation. Are
purchases and sales of second-hand assets in the domestic market included
in it? Give reasons in brief. (1+1 marks)
Q7 What does intermediate consumption of general
government include?
(3 marks )
Q8 Explain with the help of an example the process
based division of labour. (3 marks)
Q9 How is factor income generated in the production
process? Explain.
(3 marks)
Q10 Distinguish between national income at constant
prices and national income at current prices.Explain briefly. (3
marks)
Q11 From the following data calculate value added by
firm X and by firm Y.
| |
|
Rs. (lakhs) |
| i. |
Closing stock of firm
X |
20 |
| ii |
Closing stock of firm
Y |
15 |
| iii |
Opening stock of firm
Y |
10 |
| iv |
Opening stock of firm
X |
5 |
| v |
Sales by firm X |
300 |
| vi |
Purchases by firm X from
firm Y |
100 |
| vii |
Purchase by firm Y from firm
X |
80 |
| viii |
Sales by firm Y |
250 |
| ix |
Import of raw material by
firm X |
50 |
| x |
Exports by firm Y |
30 |
Q12 Distinguish between intermediate
goods and capital goods.Give two examples of each. (3 marks)
Q13 Calculate gross national product at factor cost
from the following data :
| |
|
Rs. (crores) |
| i. |
Net domestic capital
formation |
350 |
| ii |
Closing stock |
100 |
| iii |
Government final consumption
expenditure |
200 |
| iv |
Net indirect taxes |
50 |
| v |
Opening stock |
60 |
| vi |
Consumption of fixed capital
|
50 |
| vii |
Net exports |
-(10) |
| viii |
Private final consumption
expenditure |
1500 |
| ix |
Imports |
20 |
| x |
Net factor income from
abroad |
-(10) |
Q14 How is the net value added
by registered manufacturing sector estimated in India? (3 marks)
Q15 Calculate national income from the following
data :
| |
|
Rs. (crores) |
| i. |
Mixed income of
self-employed |
200 |
| ii |
Old-age pension |
20 |
| iii |
Dividends |
100 |
| iv |
Operating surplus |
900 |
| v |
Wages and salaries |
500 |
| vi |
Profits |
400 |
| vii |
Employers' contribution to
social security schemes |
50 |
| viii |
Net factor income from
abroad |
-(10) |
| ix |
Consumption of fixed
capital |
50 |
| x |
Net indirect taxes |
50 |
Q16 Define domestic factor income.
Describe briefly its three components. (1+4 marks)
Q17 Explain briefly any five precautions to be
taken while estimating national income by income method.(5 marks)
Q18 Explain the value-added method of estimating
national income. (5 marks)
Q19 Define marginal propensity to consume. (1
mark)
Q20 When does a situation of deficit demand arise in
an economy? (1 ,mark)
Q21 Define involuntary unemployment. (1 mark)
Q22 What is meant by aggregate supply in
macroeconomics? (1 mark)
Q23 Distinguish between average revenue and marginal
revenue. (2 marks)
Q24 Explain any one factor that affects the demand
for a factor of production by a firm under perfect competition. (2 marks)
Q25 State the six factors that affect the market
supply of a commodity.
(3 marks)
Q26 What can be the effects of an increase in both
the market demand and market supply of a commodity on interest price?
Explain. (3 marks)
Q27 What can you say about economic rent when supply
of a factor of production is (i) perfectly elastic and (ii) perfectly
inelastic. Explain briefly.(3 marks)
Q28 How is the demand of a commodity affected by
increase in the prices of other commodities?(3 marks)
Q29 Explain any three factors on which the price
elasticity of demand for a commodity depends.(3 marks)
Q30 The following table shows the total cost of
production of a firm at different levels of output. Find out the average
variable cost and the marginal cost at each level of output :
Output
(Units) 0 1 2 3
Total cost (Rs.) 60 100 130 150 (3)
Q31 Define monopolistic competition. State its any
two basic features.
(1+2 marks)
Q32 With the help of a diagram explain the concept
of inflationary gap.
(3 marks)
Q33 State three fiscal measures to reduce aggregate
demand. (3 marks)
Q34 Explain briefly any five central problems of an
economy. (5 marks)
Q35 Explain the law of variable proportions with the
help of a diagram.
(5 marks)
Q36 Explain the loanable fund theory of interest.
Use diagram. (5 marks)
|
