CBSE Guess > Papers > Important Questions > Class XII > 2010 > Economics > Economics By Sujjoy Basu
CBSE CLASS XII
Q. 1 . What is Macro Economics? Give two examples of macro economic variables.
Q. 2 . What is the difference between Micro and Macro Economics?
Q. 3 . Distinguish between intermediate product and final product, giving a suitable example .
Q. 4 . What is meant by consumption of fixed capital? What are its main components?
Q. 5 . What do you understand by the circular flow of income?
Q. 6 . What do you meant by real flow and monetary flow?
Q. 7 . State whether the following are a stock or a flow?
- Income of a household,
- Consumption expenditure of a house hold,
- National income,
- Investment,
- Population of India,
- Change in Nation’s money supply
Q. 8 . Explain the concepts of leakages and injections in the circular flow of income.
Q. 9 . What is transfer income?
Q. 10 . Define GDP at market price ,GNP at market price, NDP at market price, National Income, NDP at factor cost, GNP at factor cost, NNP at market price.
Q. 11 . What is the difference between GDP and GNP? When is GDP of an economy equal to GNP?
Q. 12 . Which of the followings are not included in national income/domestic factor income of India?
- Prize won in a lottery,
- Farm produce for self consumption,
- ) Old age pensions,
- Purchase of a old car, Salaries to Indian residents working in Russian embassy in India,
- Profits earned by a foreign bank from its branches in India,
- Scholarships given by Government of India,
- Profits earned by an Indian bank from its branches abroad,
- Interest received by an individual from banks
- Capital gains to Indian residents from sale of shares of a foreign company.
Q. 13 . Define –Nominal GNP and Real GNP.
Q. 14 . Explain briefly the distinction between national income and net national disposable income.
Q. 15 . What is a GNP deflator?
Q. 16 . Define-Private Income, Personal Income, Personal Disposable Income.
Q. 17 . Mention the various steps of value added method of measuring National Income.
Q. 18 . What is meant by double counting? Why should it be avoided?
Q. 19 . Give an outline of the steps involved in the estimation of National Income with the help of Income Method.
Q. 20 . Describe the expenditure method of the estimation of national income of a country?
Q. 21 . Math on National Income. (Reference-Previous years questions and any book)
Paper By Mr. Sujjoy Basu
Email Id : [email protected]
Ph No. : 9233368802
