Economics Class - XII 2000
(CBSE)
You are on Set lll questions
Q1 When
will the gross domestic product of an economy be equal to its gross
national product. (1 mark)
Q11 From the following data calculate value
added by firms P and Q.
| |
|
Rs. (crores) |
|
i. |
Purchases by firm P from
firm Q |
40 |
|
ii |
Sales by firm Q |
90 |
|
iii |
Imports of Raw material by
firm Q |
10 |
|
iv |
Exports by firm Q |
10 |
|
v |
Closing stock of firm
P |
30 |
|
vi |
Opening stock of firm
P |
20 |
|
vii |
Closing stock of firm
Q |
20 |
|
viii |
Opening stock of firm
Q |
25 |
|
ix |
Purchases by firm
Q |
60 |
|
x |
Sales by firm P to house
holds |
40 |
|
xi |
Sales by firm P to genral
government |
20
(3) | Q12
Distinguish between economic goods and non-economic goods. (3
marks)
Q13 Calculate gross national product at factor cost from the
following data :
| |
|
Rs. (crores) |
|
i. |
Private final consumption
expenditure |
100 |
|
ii |
Net domestic fixed capital
formation |
150 |
|
iii |
Government final consumtion
expenditure |
350 |
|
iv |
Direct purchases abroad by
resident households |
50 |
|
v |
Gross domestic capital
formation |
40 |
|
vi |
Opening stock |
60 |
|
vii |
Net indirect taxes |
90 |
|
viii |
Imports |
200 |
|
ix |
Exports |
70 |
|
x |
Closing stock |
40 |
|
xi |
Sales by firm P to genral
government |
-(10) (3) | Q15
Calculate national income from the following data :
| |
|
Rs. (crores) |
|
i. |
Dividends |
300 |
|
ii |
Rent |
100 |
|
iii |
Wages and salaries |
100 |
|
iv |
Corporation Tax |
50 |
|
v |
Consumption of fixed
capital |
120 |
|
vi |
Net indirect taxes |
20 |
|
vii |
Undistributed
profits |
50 |
|
viii |
Mixed income of
self-employed |
15 |
|
ix |
Interest |
5 |
|
x |
Employer's contribution to
social security schmes |
30 (3) |
|
xi |
Net factor income from
abroad |
20
(3) |
Q25 Explain the reasons
for the inverse relationshipbetween the price of a commodity and demand of
it.
Q26 Explain the concept of
equilibrium price with the help of market demand and supply
schedules.
Q27 Briefly explain the
main features of the Ricardian theory of rent.
|
