(Economics) CBSE Class 12th Economics Exam Paper, 2004 (Outside Delhi: Set - 2)
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Paper : CBSE Class 12th Economics Exam Paper, 2004 (Outside Delhi: Set - 2)
SECTION - A
Q. 1. Answer the following, questions: 1x4
(i) State the law of supply.
(ii) In which market form are average revenue and marginal revenue of a firm
always equal?
(iii) Define total revenue.
(iv) What is meant by price elasticity of demand?
Q. 4. Give three reasons for a righward shift of supply curve of a commodity. 3
Q. 7. Complete the following table: 4
|
Output (units)
|
Total Revenue (Rs.)
|
Marginal Revenue (RS.)
|
Averge Revenue (Rs.)
|
|
1
2 3 4 |
14
24 24 16 |
—
— — — |
—
— — — |
Q. 9. When the price of a commodity falls from Rs. 10 per unit to Re. 9 per unit, its quantity supplied falls by 20 per cent. Calculate its price elasticity of supply. 4
SECTION - B
Q. 13. Answer the following questions: 1x4
(i) Give an example of a micro-economic study.
(ii) What is meant by revenue deficit?
(iii) What is macro-economics?
(iv) When will there be a surplus in balance of trade?
Q. 15. Calculate Net National Disposable Income from the following data: 3
|
|
Rs. (Crores) |
|
(i) Gross domestic product at market price
(ii) Net factor income form abroad (iii) Net indirect taxes (iv) Consumption of fixed capital (v) Net current transfers from rest of the world. |
1,000 |
Q. 16. In an economy, the marginal propensity to consume is 0.95. Investment is increased by Rs. 100 crores. Calculate the total increase in income and consumption expenditures. 3
Q. 17. What is the basis of classifying government receipts into revenue receipts and capital receipts? Give an example of each. 3
Q. 23. From the following data calculate National Income by (i) income method and (ii) expenditure method:3, 3
|
Rs. (Crores) |
|
| (i) Compensation of employees (ii) Government final consumption expenditure (iii) Net factor income from abroad (iv) Net exports (v) Profits (vi) Net indirect tax (vii) Mixed income of self-employed (viii) Rent (ix) Interest (x) Private final consumption expenditure (xi) Net domestic capital formation (xii) Consumption of fixed capital. |
600 |