CBSE Guess > Papers > Important Questions > Class XII > 2012 > Economics > Economics By Mr. Raghuvanshi Kuldeep Economics - CBSE CLASS XII Set - III Section: A -Micro Economics Q.1. What do you mean by the opportunity cost? For - 1 Mark Q.2. Define budget constraints For - 1 Mark Q.3. What will be the ED on the mid point of a straight line dd curve moving from left to right For - 1 Mark Q.4. What is equilibrium market price? For - 1 Mark Q.5 .Define explicit cost? For - 1 Mark Q.6. Give reason which one of the following are true or false - For - 3 Marks Q.7. What does a point on budget line indicate in terms of price ? State the relation between slope of budget line and price ratio For - 3 Marks ���Or�Q. Define the followings------- Q.8. Commodity x and y have equal price elasticity of supply. The supply of X rises from 400 units to 500 units due to a 20% rise in its price. Calculate the percentage fall in supply of Y commodity if its price falls by 8% . For - 3 Marks Q.9. Explain the relationship between ATC and MC. Use diagram For - 3 Marks Q.10. Define excess dd. How is equilibrium restored in situation of excess dd For - 3 Marks Q.11.Draw a negative slopped dd curve touching both axis mark any 5 points on it and comparer the Ed on these points. For - 4 Marks Q.12 .When a producer changes only one input keeping other as fixed in order to bring the change in output., why does MP of an input increase? Or Q.. Can MC rise when AC is falling? Explain( alternative--- can AC be above to the MC when MC is rising? For - 4 Marks Q.13. How will the change in price of substitute goods affect the supply curve of a commodity? For - 4 Marks Q.14 . A. Why do people purchase more at same price? For - 3 + 3 Marks B. What would be the shape of price line so that TR curve is-------------- Q.15 .A. What is meant by price rigidity ? Why prices are rigid under oligopoly? B. Explain the nature of AR curve under different market situations? Or Q. At what level of price do the firm in firm in a perfectly competitive mkt. supply when free entry and exit is allowed in the market? How is equilibrium qty is determined in such a market? For - 6 Marks Q.16 . Define producer equilibrium. Calculate (a) Break even point ; (b) Maximum profit of a firm assuming that the firm sells all the units at Rs 5 Qty 0 10 20 30 40 50 60 Section B: Macro Economics Q.17. Define involuntary unemployment For - 1 Mark Q.18. The price of 1 dinar has fallen from Rs.40 to Rs 30. Has the Indian currency appreciated or depreciated For - 1 Mark Q.19. Define SLR? For - 1 Mark Q.20 .Define autonomous consumption? For - 1 Mark Q.21 .If the disposable income is Rs 2000 and consumption expenditure is Rs300.Caiculate APS ? For - 1 Mark Q.22 . the following data relating to a firm calculate its NVA fc For - 3 Marks
Q.23 Define transfer payments. Why these payments are not included in national income.Give two examples of transfer payments For - 3 Marks Or Q.Give the reason not to be included in NY Q.24 . Explain the effect of depreciation of domestic currency on exports and imports of domestic economy. For - 3 Marks Or Q. Explain the affect of appreciation of domestic currency on exports and imports of domestic economy Q.25 . Define current account of BOP. How is it different from capital A/C of BOP. IS exports of machinery recorded in current account or capital A/C ? give reason. For - 3 Marks Q.26How can budgetory policy be used for reducing inequalities in income and wealth ? For - 1 Marks Q.27 . Explain the clearance house function of central bank. For - 4 Marks Or Q. Explain the reserve ratio method of credit control used by the central bank. Q.28 . Is public debt always burdensome for an economy? For - 4 Marks Q.29. State the implications of a Revenue Deficit? Give two measures to reduce the revenue deficit. For - 4 Marks Q. 30 . State whether the following statement are true or false. Give reason for your answer.----- Q.31 . The savings function off an economy is S=-200 +.25Y .The economy is in equilibrium when income is equal to 2000. Calculate-------- Or Q. How does a. Margin requirement of loan and , b. public expenditure is helpful to combat the problem of� excess and deficient AD. For - 6 Marks ����Q. 32 . Calculate GNPmp and NET national Disposable income For - 6 Marks ����
Prepared By: Mr. Raghuvanshi Kuldeep |
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