ECONOMICS 2005 (Set III—Outside Delhi)
SECTION - A
Q. 1. Answer the following questions: 1x4
(i) Define marginal physical product.
(ii) What causes a movement along a supply curve?
(iii) Under which market form, is a firm a price-taker?
(iv) What is meant by producer's equilibrium?
Q. 4. What change will take place in marginal revenue when :
(a) total revenue increases at an increasing rate
(b) total revenue increases at a diminishing rate
Q. 8. The price of a commodity is Rs 50 per unit and its quantity demanded is 500 units its price rises to Rs 60 per unit and quantity demanded falls by 90 units. Calculate its price elasticity of demand. Is its demand elastic? Give reasons for your answer. 4
Q. 9. Complete the following table: 4
SECTION - B
Q. 13. Answer the following questions: 1x4
(i) Why is repayment of loan treated as capital expenditure?
(ii) What does a deficit in balance of trade account indicate?
(iii) Define micro-economics.
(iv) Give two examples of macro-economic studies.
Q. 14. Complete the following table: 3
Q. 15. Define a government budget. State any four of its main objectives. 3
Q. 16. From the following data about a firm ‘A', calculate net value added at market price by it: 3
Q. 23. 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