(Paper) Economics Class - XII Sample Paper 1999 - Part - 2
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Economics
Class - XII
Sample Paper 1999 - Part - 2
SECTION - A
Q 1. What is
production process? (1 mark)
Q 2. What is the meaning of land as a factor of production? (1 mark)
Q 5. What is meant by process based and product - based division of labour? (2
marks)
Q 6. Explain the concept of mixed income with the help of an example? (2marks )
Q 10.Calculate emoluments of employees: (3 marks )
(i) Wages & Salaries in Cash (ii) Free food to employees during lunch (iii)Travel expenses on business tour reimbursed by employees (iv) Dearness Allowances (v) Social Security contributions by employers |
(Rs.
Crores) |
Q 11.Calculate Gross Domestic Capital formation: (3 marks)
(i) Closing Stock (ii) Net domestic fixed capital formation (iii)Net indirect tax (iv)Consumption of fixed capital (v) Opening Stock |
(Rs.
Crores) |
Q 12.Calculate GDP mp by (a) Production Method and (3+2=5 marks)
(b) Income Method:
(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) Net factor income from abroad (v ) Operating Surplus (vi) Mixed Income (vii) Interest (viii)Consumption of fixed capital (ix) Net indirect tax (x) Rent |
(Rs.
Crores) |
SECTION - B
Q 13.When
total product increases at increasing rate what happens to marginal product? (1
mark)
Q 14.Define Monopoly. (1 mark)
Q 15.What is meant by fiscal policy and monetary policy? (2 marks)
Q 16.Price elasticity of supply of a good is 5. A producer sells 500 units of
this good at Rs.5/- per unit. How much will he be willing to sell at the price
of Rs. 6 per unit? (3 marks)
Q 17.Explain three features of monopolistic competition. (3 marks)
Q
18. What is the meaning of labour as a factor of production? (1 mark)
Q 19.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 20.Explain the problem of double counting? Also state one of the ways of
avoiding this problem. (3 marks)
Q 21.Distinguish between national income at current prices and at constant
prices? (3 marks)
Q 22.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 |
(Rs.
Crores) |
Q 23.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 |
(Rs.
Crores) |
Q 24. Define a market. (1
mark)
Q 25. Give
the meanings of gross profit and net profit. (2 marks)
Q 26. 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 27. How do changes in Cash Reverse Ratio affect the availability of credit?
Explain. (3 marks)
Q 28. Explain five factors determining real wages. (5 marks)