(Paper) Economics Class - XII Sample Paper 2000- Part - 2 | CBSE EXAM PORTAL : CBSE, ICSE, NIOS, CTET Students Community

Economics Class - XII
Sample Paper 2000 - Part - 2

Q Why are imports not included in the estimation of national income. (1mark)

Q Calculate 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)

Q Distinguish between intermediate goods and final goods. Give two examples of each.(3 marks)

Q 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)

Q 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)

Q Explain the relationship between marginal revenue and total revenue. (2 marks)

Q Distinguish between expansion of supply and increase in supply. Explain briefly.(3 marks)

Q When will the gross domestic product of an economy be equal to its gross national product. (1 mark)

Q 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)

Q  Distinguish between economic goods and non-economic goods.   (3 marks)


Q  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)

Q  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)

Q Explain the reasons for the inverse relationshipbetween the price of a commodity and demand of it.

Q Explain the concept of equilibrium price with the help of market demand and supply schedules.

Q Briefly explain the main features of the Ricardian theory of rent.

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(Paper) Economics Class - XII Sample Paper 2000- Part - 2

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