ECONOMICS 2005 (Set III—Delhi)
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
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
Q. 15. Complete the following table: 3
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
Economics 2005 Question Papers Class XII
CBSE 2005 Question Papers Class XII