ECONOMICS (Set III

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CBSE Guess > Papers > Question Papers > Class XII > 2005 > Economics > Delhi Set-III

ECONOMICS 2005 (Set III—Delhi)

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

SECTION - A

Q. 1. Answer the following questions:

(i) Define marginal physical product.

(ii) Define market supply

(iii) What is meant by producer's equilibrium?

(iv) Define monopoly. 4x1

Q. 6. Complete the following table: 4

Price (Rs).	Output (units)	Total Revenue (Rs.)	Marginal Revenue (Rs.)
8 6 4 2	1 2 3 4	- - - -	- - - -

Q. 7. When the price of a commodity is Rs. 20 per unit, its quantity demand is 800

units. When its price rise by Rs. 5 per unit, its quantity demanded falls by 20 per cent. Calculate its price elasticity of demand. Is its demand elastic? Give reasons for your answer 4

SECTION - B

Q. 13. Answer the following questions: 4x1

(i) Why are subsidies treated as revenue expenditure?

(ii) What is meant by balance of trade?

(ii) Give two examples of microeconomic studies.

(vi) Define macroeconomics.

Q. 14. From-the following data about firm 'X', calculate gross value added at factor cost by it: 3

	Rs. (in thousands)
(i) Sales (ii)Opening stock (iii)Closing stock (iv)Subsidies (v)Purchase of intermediate products (vi)Purchase of machinery	800 40 30 50 400 200

Q. 15. Complete the following table: 3

Level of income (Rs).	Consumption expenditure (Rs.)	Marginal propensit yto consume	Marginal propensity to save
300 400 500 600	300 375 445 510	- - - -	- - - -

Q. 16. Explain the situation of deficient demand in an economy with the help of diagram. 3

Q. 21. What is meant by open market operations? Breifly describe their effect on cr- edit creation by commercial banks. 4

Q. 24. From the following data, calculate: 3,3

(a) Personal disposable income and (b) National income
	Rs. (in crores)
(i) Private income (ii) Mixed income of self-employed (iii) Net factor income from abroad (iv) Compensation of employees (v) Net retained earnings of private enterprises (vi) Profit (vii)Rent (viii) Corporate tax (ix) Interest (x) Net indirect taxes (xi) Net exports (xii) Direct taxes paid by households (xiii) Consumption of fixed capital	4,000 1,200 (-) 50 1,300 200 800 600 400 700 500 (-)100 150 180

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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