ECONOMICS 2005 (Set-II Delhi)

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ECONOMICS 2005 (Set-II Delhi)

Except for the following question, all the remaining questions have hem asked in Set I.

SECTION – A

Q.1. Answer the following questions:

a) What is meant by producer’ equilibrium?
b) Define marginal physical product.
c) Define market supply.
d) In which form of market there is product differentiation? 4x1

Q. 6. Complete the following table: 4

Price (Rs.)	Output (unit)	Total Revenue (Rs.)	Marginal Revenue (Rs.)
10 9 6 4	1 2 3 4	- - - -	- - - -

Q. 8. The price of commodity is Re. 15 per unit and its quantity demanded is 500 units Its quantity demanded rises by 80 units as a result of a fall in its price by 20 per cent. Calculate its price elasticity of demand. Is its demand inelastic? Give reason for your answer. 4

SECTION – B

Q. 13. Answer the following questions: 1x4
a) Define macroeconomics.
b) Give two examples of microeconomic studies.
c) Why is payment of interest revenue expenditure?
d) What is meant by balance of trade?

Q. 14. From the following data about firm ‘A’, calculate its gross value added at fac- tor cost: 3

	Rs. (in thousand)
a) Opening stock b) Closing stock c) Subsidy d) Purchase of intermediate produce e) Sales f) Purchase of machinery	50 40 60 450 750 200

Q. 16. Complete the following table: 3

Level of income	Consumption expenditure	Marginal propensity to consume	Marginal propensity to save
100 200 300 400	100 190 275 355	- - - -	- - - -

Q. 17. Explain the meaning of inflationary gap with the help of a diagram. 3

Q. 20. State the four functions of money. Describe any one of these. 4

Q. 23. From the following data, calculate: 3

1. Personal disposable income and 2. National income
	Rs. (in crores)
a) Private income b) Net retained earning of private enterprises c) Net factor income from abroad d) Corporate tax e) Direct taxes paid by households f) Compensation of employees g) Mixed income of self-employed h) Rent i) Interest j) Profit k) Consumption of fixed capital l) Net indirect taxes m) Net exports	4,000 800 (-)60 450 400 1,500 1,400 300 400 1.000 250 400 (-)40

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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