(Paper) Economics Class - XII Sample Paper 1998 - Part - 2
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Economics
Class - XII
Sample Paper 1998 - Part - 2
SECTION A
Q Will the
following be included in national income? Give reasons.
(i) Interest received on government loans.
(ii) Taxes on capital gains.
Q From the following data calculate compensation of employees:-
Q Calculate national income on the basis of the following data.
| (Rs. in crores) | |
| (i)
Private final consumption expenditure in domestic market (ii) Government final consumption expd. (iii) Consumption of fixed capital (iv) Net Exports (v) Net factor income from abroad (vi) Gross fixed capital formation (vii) Charge in stocks (viii) Direct purchases abroad by resident households (ix) Direct purchases by non-residents in the domestic market (x) Net indirect taxes |
750 100 25 (-)25 (-)20 300 50 50 100 100 |
Q . Calculate GDP at market price from the following data.
(i) Net Value added at
market price
.............................
|
(Rs. in Lakhs) |
|
| (a) Primary sector (b) secondary sector (c) teetiary sector (ii) Net Exports (iii) Net indirect taxes (iv) Value of Intermediate consumptin in, (a) primary sector (b) secondary sector (c) teetiary sector (v) Consumption of fixed capital in, (a) primary sector (b) secondary sector (c) teetiary sector |
700 |
Q Explain the value-added method of estimating national income.
Q Why is the value of marginal product equal to the marginal revenue
product under perfect competition?
Q How do changes in the prices of factors of production affect the supply
of a commodity?
Q How is the demand of a commodity affected by the fall in the price of
other commodities?
Q . The coefficient of price elasticity of demand of a commodity is 0.2. When
its price is Rs. 10 per unit, its quantity demanded is 40 units. If the price
falls to Rs. 5/Unit. How much will be its quantity demanded?
Q Explain the loanable funds theory of interest.
Q . Will the
following be included in national income? Give reasons;
(i) Gift Tax
(ii) Scholarship given by the government to poor students.
Q . Calculate compensation of employees from the following data;
.............................
| (Rs. in Lakhs) | |
| (i) Value of output (ii) Intermediate Consumption (iii) Net indirect taxes (iv) Consumption of fixed capital (v) Operating surplus (vi) Profits |
500 100 20 10 270 100 |
Q . Calculate gross national product at market price from the following data;
| .(Rs. in Lakhs) | |
| (i) Wages & Salaries (ii) Net Capital formation (iii) Exports (iv) Imports (v) Gross Capital formation (vi) Exployees' contribution to social security (vii) Net factor income from abroad (viii) Rent & interest (ix) Profits (x) Indirect taxes (xi) Subsidies |
500 100 50 60 120 20 (-)10 250 400 50 10 |
Q . From the following data calculate national income;
| ..(Rs. in Crores) | |
| (i)
Change in stocks (ii) Government final consumption expenditure (iii) Private final consumption expd. in domestic market (iv) Exports (v) Imports (vi) Direct purchases abroad by resident households (vii) Net factor income from abroad (viii) Indirect taxes (ix) Subsidies (x) Net capital formation (xi) Consumption of fixed capital 20 |
20 200 400 30 40 30 (-)20 40 20 100 20 |
Q How is the expenditure on gross capital formation measured?
Q Explain any five precautions that should be taken while estimating
national income by income method.
Q What can be the maximum value of marginal propersity to save?
Q The price of a commodity is Rs. 10 per unit and the quantity demanded
at this price is 50 units. Its price falls to Rs. 6 per unit. How much will be
its quantity demanded at the new price of the coefficient of its price
elasticity of demand is 0.5?
Q Explain any two fiscal measures to check excess demand in an economy.