ECONOMICS 2005 (Set III—Compartment Delhi)

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ECONOMICS 2005 (Set III—Compartment Delhi)

Except for the following questions, all the remaining questions have been asked in Set I and Set II .

SECTION - A

Q. 2. Price elasticity of demand of a good is (-) 3. 80 units of this good are bought at a price of Rs. 5 per unit. How many units will be bought at a price of Rs. 4 per unit? Calculate. 3

Q. 3. Explain the effect of 'change in prices of other products' on the supply of the given product. 3

Q. 8. Calculate total variable cost and marginal cost at each given level of output from the following table: 4

Output (units)	0	1	2	3	4
Total Cost (Rs.)	30	48	65	81	98

SECTION - B

Q. 13. Answer the following questions: 1x4

(i) What is a balance government budget?

(ii) The value of a country's import of goods is Rs. 200 crores and value of export of goods is Rs. 250 crores. Find out its balance of trade.

(iii) Define macroeconomics.

(iv) Give one example showing the difference between micro- economics and macroeconomics.

Q. 14. Given increase in investment of Rs. 100 crores, and marginal propensity to consume equal to 0.8, find out increase in national income. 3

Q. 16. Calculate Net Value Added at Factor Cost from the following data: 3

	(Rs. lakhs)
(i) Indirect taxes (ii) Opening stock (iii) Consumption of fixed capital (iv) Sales (v) Purchases of raw materials (vi) Closing stock (vii) Subsidies	12 10 15 150 30 10 2

Q. 22. Calculate (i) Net Domestic Product at Factor Cost, and (ii) Personal Income from the following data: 3+3

(Rs. crores)

(i) Net indirect taxes
(ii) Personal taxes
(iii) Savings of non-departmental enterprises
(iv) Private final consumption expenditure
(v) Net factor income from abroad
(vi) Net current transfers from the rest of the world
(vii) Undistributed profits
(viii) Net domestic fixed capital formation
(ix) Current transfers from government
(x) Change in stock
(xi) Corporation tax
(xii) Government final consumption expenditure
(xiii) National debt interest
(xiv) Income from property and entrepreneurship accruing to the government administrative departments
(xv) Net exports

50
35
20
760
15
10
5
120
40
(-) 10
40
200
50
50

(-) 20

Economics 2005 Question Papers Class XII
Delhi		Outside Delhi		Compartment
	Set I		Set I		Set I
	Set II		Set II		Set II
	Set III		Set III		Set III

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