Thursday 04th June 2020

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

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

 Output (units) Total Cost (Rs.) Average Variable Cost (Rs.) Marginal Cost (Rs.) 0 1 2 3 4 60 110 150 180 220 - - - - - - - - - -

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:

 Income (Rs.) Consumption Expenditure (Rs.) Marginal Propensity to Consume Marginal Propensity to save 500 600 700 800 400 480 550 615 - - - - - - - -

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

 Rs. (in thousands) (i) Sales (ii) Depreciation (iii) Net indirect taxes (iv) Purchase of intermediate products (v) Change in stock (v) Purchase of machinery 300 20 30 150 (-) 10 100

Q. 22. From the following data, calculate

(a) National income, and

(b) Personal disposable income. 3, 3

 Rs. (in crores) (i) Compensation of employees (ii) Rent (iii) Interest (iv) Private income (v) Net indirect taxes (vi) Profit (vii) Mixed income of self-employed (viii) Corporate tax (ix) Net retained earnings of private enterprises (x) Net factor income from abroad (xi) Direct taxes paid by households (xii) Net exports (xiii) Consumption of fixed capital 800 300 500 2500 150 700 600 100 50 (-) 50 70 (-) 40 80

Economics 2005 Question Papers Class XII

CBSE 2005 Question Papers Class XII