CBSE Guess > Papers > Important Questions > Class XII > 2012 > Economics > Economics By Mr. Raghuvanshi Kuldeep
Economics - CBSE CLASS XII
Set - IV
Section: A -Micro Economics
Q.1. Which economic system is based on market mechanism? For - 1 Mark
Q.2. Define monotonic preference ? For - 1 Mark
Q.3 .What would be the elasticity of dd if with increase in price total outlay decrease? For - 1 Mark
Q.4. Define production function? For - 1 Mark
Q.5 .In which market situation a firm have partial control over price? For - 1 Mark
Q.6. How does central problem “ what to produce” solved under different economic system? For - 3 Mark
Q.7. If a consumer is indifferent b/w combinations A and B , what does it impliy? For - 3 Mark
Or
Q. How does Law of dd take determinants of dd into account
Q.8 . Ed of a commodity is -1. The consumer buys 50 units of that good when price is Rs 2 / unit. How many units will the consumer buy if the price rise by 25% For - 3 Mark
Q.9 i. What will be the rate of TPP if MPP falls but positive? For - 3 Mark
ii. If APP is greater than MPP what happen will with MPP?
Q.10. Can MPP falls when APP is rising .Give reason. For - 3 Mark
Q.11 . If there is a situation of excess dd ,Is it a situation of equilibrium price. How can equilibrium price be restored? For - 4 Mark
Q.12 .How does the following determinants affect the Ed of a commodity---------- A. Price level b. Income level For - 4 Mark
Q.13 . Why the difference between AC and AVC goes on diminishing ? can they join with each other? For - 4 Mark
Or
Q.. a. Explain the behavior of TR-MR When firm is a price taker.
B. Distinguished between decrease in quantity supplied and decrease in supply. use diagram
Q.14 .A. Define opportunity cost with the help of suitable example and PPC.
B. Define market demand curve. How it is derived from Individual dd curve For - 3 + 3 Mark
Q.15 . Define producer equilibrium. How does a firm decide its output and price under imperfect market use TR-TC approach For - 6 Mark
Or
Q. Explain the followings-----------
A. free entry and exit of a firm under perfect market
B. Implications of a product differentiation under monopoly
Q.16. Market for good is in equilibrium. Explain that equilibrium price may or may not change due to . simultaneous change in both dd and supply. For - 6 Mark
Section B: Macro Economics
Q.17 . Define investment multiplier. For - 1 Mark
Q.18 . Can value of mpc be greater than 1? For - 1 Mark
Q.19 . Define demand deposits . For - 1 Mark
Q.20 . What do you mean by deficit financing? For - 1 Mark
Q.21. Give two examples of above line items of BOP.
Q.22 . calculate personal income For - 3 Mark
| Item | Rs in laks |
| Retained earnings of pvt. Corporate | 20 |
| Miscellaneous receipts of govt. admin departments | 50 |
| Personal disposable income | 200 |
| Personal tax | 30 |
| Corporate profit tax | 10 |
Or
Q. Explain the components of net domestic fixed capital formation.
Q.23 .Distinguish b/w fixed exchange rate and flexible exchange rate. For - 3 Mark
Q.24 . Explain the “Unit of value “ function of money. For - 3 Mark
Q.25 . “People demand more of foreign currency when exchange rate decrease “why. Use example For - 3 Mark
Q.26.Determination of equilibrium For - 3 Mark
Q.27 . Giving reason categorized into direct tax and indirect tax For - 4 Mark
A. Entertainment tax
b. Wealth tax
c.Corporation tax
d.Excise duty
Q.28 . Is fiscal deficit necessarily inflationary. Justify For - 4 Mark
Or
Q . Why public goods are to be provided by government?
Q.29 . Following is the budget of central government of India for a particular year.Find out For - 4 Mark
(i)Total govt. revenue, (ii) Total govt. expenditure ,(iii) Fiscal deficit, (iv) Primary deficit
Revenue |
Amount (Rs) |
Expenditure |
Amount(Rs) |
|
42,978 26259 |
1.Current expenditure |
73516 |
Q.30 . From the following data calculate (a) GDP fc , (b) Factor income to abroad For - 6 Mark
| Item | Rs in cr. |
| Compensation of employee | 400 |
| Dividend | 300 |
| GNPmp | 1500 |
| Profit | 200 |
| Interest | 100 |
| Rent | 150 |
| Net fixed capital formation | 300 |
| Change in stock | 50 |
| Gross domestic capital formation | 400 |
| Factor income from abroad | 60 |
| Net indirect tax | 120 |
Q.31. How will you treat the following while estimating domestic factor income of India? Give reason For your answer. For - 6 Mark
( a ) Remittance by a NRI to their families in India.
( b ) Rent received by resident of Indi from Russian embassy in India.
( c ) Non marketable goods.
Or
Q . a. What is meant by consumption of fixed capital? Why it is deducted from gross capital to get net capital ?
b. Explain how externalities are a limitation of in taking GDP as an index of welfare
Q.32 .A. Distinguish between APC and MPC . The value of which can be greater than and when?
B. How does Reserve ratio are used to combat the problem of deficient AD? For - 3 + 3 Mark
Prepared By: Mr. Raghuvanshi Kuldeep
mail to: [email protected]
