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Economics Class - XII 2000
(CBSE)
You are on Set ll questions
Q1 Why are imports not included
in the estimation of national income. (1mark)
Q1.1Calculate value added by firm A and by firm B
from the following data.
| |
|
Rs. (lakhs) |
| i. |
Purchases by firm A from
rest of the world |
40 |
| ii |
Sales by firm B |
90 |
| iii |
Purchase by firm A from firm
B |
10 |
| iv |
Sales by firm A |
10 |
| v |
Exports by firm A |
30 |
| vi |
Opening stock of firm
AY |
20 |
| vii |
Closing stock of firm
B |
20 |
| viii |
Closing stock of firm A
|
25 |
| ix |
Opening stock of firm
B |
60 |
| x |
Purchases by firm B from
firm A |
40 |
| xi |
Sales by firm P to general
Government |
20 (3)
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Q12 Distinguish between
intermediate goods and final 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 fixed capital
formation |
50 |
| ii |
Private final consumption
expenditure |
500 |
| iii |
Subsidies |
10 |
| iv |
Opening stock |
30 |
| v |
Net factor income from
abroad |
-(10) |
| vi |
Closing stock |
40 |
| vii |
Net indirect taxes |
50 |
| viii |
Government final consumption
expenditure |
200 |
| ix |
Consumption of fixed
capital |
60 |
| x |
Net exports |
15 (3) | 15
Calculate national income from the following data :
| |
|
Rs. (crores) |
| i. |
Profits |
220 |
| ii |
Compensation of employees
|
350 |
| iii |
Interest |
100 |
| iv |
Consumption of fixed
capital |
50 |
| v |
Opening Stock |
30 |
| vi |
Subsidies |
20 |
| vii |
Closing stock |
50 |
| viii |
Mixed income of
self-employed |
150 |
| ix |
Employer's contribution to
scial security schemes |
30 |
| x |
Net factor income from
abroad |
10 |
| xi |
Rent |
80 |
| xii |
Indirect taxes |
90
(3) |
Q24 Explain the relationship between
marginal revenue and total revenue. (2 marks)
Q28 Distinguish between expansion of supply and
increase in supply. Explain briefly.(3 marks)
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