ECONOMICS 2005 (Set II—Outside Delhi)
Except for the following questions, all the remaining questions have been asked in Set I .
SECTION - A
Q. 1. Answer the following questions: 1X4
(i) What causes a downward movement along a supply curve?
(ii) Define equilibrium price.
(iii) Define production function.
(iv) What is meant by producer's equilibrium?
Q. 8. Complete the following table: 4
Q. 9. When the price of a commodity falls from Rs. 20 per unit to Rs. 16 per unit, its quantity demanded rises from 1000 units to 1160 units. Calculate its price elasticity of demand. Is its demand inelastic? Give reasons for your answer. 4
SECTION – B
Q. 13. Answer the following questions: 1X4
(i) Give two examples of a macro-economic studies.
(ii) Define micro-economics.
(iii) Why is recovery of loans treated as a capital receipt?
(iv) What is the difference between the value of exports of goods and value of imports of goods called?
Q. 14. Complete the following table:
Q. 15. Explain the meaning of equilibrium level of national income, with the help of a diagram. 3
Q. 16. Define a tax. Give two examples each of direct taxes and indirect taxes. 3
Q. 17. From the following data about a firm ‘Y', calculate net value added at market price by it: 3
Q. 22. From the following data, calculate
(a) National income, and
(b) Personal disposable income. 3, 3
Economics 2005 Question Papers Class XII
CBSE 2005 Question Papers Class XII