CBSE Guess > Papers > Important Questions > Class XII > 2012 > Economics > Economics By Mr. Raghuvanshi Kuldeep
Economics - CBSE CLASS XII
Set - V
Section: A -Micro Economics
Q.1.What do you mean by production possibilities of an economy? For - 1 Mark
Q.2.Define budget set. For - 1 Mark
Q.3.If Ed is more than unitary. What would happen with price if TE is decreasing. For - 1 Mark
Q.4.Define normal profit For - 1 Mark
Q.5 . What do you mean by price discrimination? For - 1 Mark
Q.6.How does the “ massive unemployment” affect the PPC? Explain For - 3 Mark
Q.7. IC curve is always convex to the origin, Why? For - 3 Mark
Or
Q.. Starting from the point of consumer equilibrium, suppose MU of rupees increase .How it will affect the quantity demanded?
Q.8 . A 5% fall in price of a commodity leads to 10% rise in its demand. A consumer buys 40 units of the good at a price of Rs 10 per unit. How many units will the consumer buy at a price of Rs12 units? For - 3 Mark
Q.9 . What is the relation between market price and AR of a price taking firm?� For - 3 MarkQ.10 . Distinguish between monopoly and oligopoly competition. For - 3 Mark
Q.11 .�Which of the following commodity have inelastic demand . give reason in support of your answer For - 4 MarkA. Salt, b. Rent , c. School uniform, d. medicine
Q.12 .A . IF TPP is parallel to the x-axis, what would be the shape of APP? For - 4 Mark
B. What would be the rate of TPP if MPP falls but remain positive?
C. If MC is rising What you will say about TVC?
D. Is TC zero at zero level of output in short run? Give reason.
Or
Q.. A. Give the relationship between TR , market price and quantity sold by a firm.
B. When a firm is able to sell more of o/p at same price ,what will be the relation between TR and MR
C. If MR is negative what would happen with price?
Q.13 . Distinguish between gross profit and net profit For - 4 Mark
Q.14 . Define MRSxy . Why does it diminishes? Use diagram and schedule For - 6 Mark
Q.15 . State whether the following statements are true false. Give reason For - 6 Mark
A. When MR is constant and not equal to Zero then TR will also be constant.
B.As soon as MC start rising AVC also start risingC.TP always increase whether there is Increasing returns or diminishing returns to a factor.
Or
Q..With the help of following information find out the level of max. profit by MR-MC approach
| Q | 1 | 2 | 3 | 4 | 5 | 6 |
| AR | 7 | 7 | 7 | 7 | 7 | 7 |
| TC | 8 | 15 | 21 | 26 | 33 | 41 |
Q.16 . Given market equilibrium of a good what are the affect of simultaneous increase in both dd and supply of that good on its price and quantity
For - 6 Mark
Section2 Macro Economics
Q.17. Define autonomous consumption. For - 1 Mark
Q.18 . Define investment dd function For - 1 Mark
Q.19 . What do you mean by SLR ? For - 1 Mark
Q.20 . Purchase of a machinery is recorded in which account of BOP. For - 1 Mark
Q.21.Define spot Exchange rate. For - 1 Mark
Q.22 . equilibrium of National income always strike at full employment level ? For - 3 Mark
Q.23 . Calculate value of output from the following data For - 3 Mark
| Item | Rs |
| Subsidies | 20 |
| Intermediate consumption | 110 |
| Net addition to stock | (-)13 |
| Consumption of fixed capital | 30 |
| Excise duty | 20 |
| Net value added at factor cost | 250 |
Q.24 . Are the followings transactions entered on the debit side or the credit side in BOP a/c? Give reason
( a ) Exports
( b ) Imports
( c ) Borrowings from the rest of the world
Or
Q.. Are the concept of demand for domestic goods and domestic demand for godds same? Use example For - 3 Mark
Q.25 . Distinguish between legal money and demand deposits. Give two example of each For - 3 Mark
Q.26 . Define Official Reserve transactions. Explain their importance in BOP account For - 3 Mark
Q. 27 .Explain with the help of numerical example how an increase in investment in an economy effects its level of income output and employment
For - 4 Mark
Q. 28 . Explain the reallocation function of budget. For - 4 Mark
Or
Q. Giving reason categorized the followings into direct tax and indirect tax
( a )Corporate profit tax
( b ) Profit tax
( c ) Entertainment tax
( d ) Gift tax
Q.29 . A. Distinguish between Developmental and non developmental expenditure For - 4 Mark
B. Distinguish between Fiscal deficit and primary deficit
Q.30 . Calculate (i) NDPfc , (ii) gross national disposable income For - 6 Mark
| Item | Rs in cr. |
| Government final consumption expenditure | 2000 |
| Net factor income to abroad | - 50 |
| Gross domestic capital formation | 700 |
| Change in stock | - 40 |
| Net domestic capital formation | 650 |
| Net indirect tax | 200 |
| Net current transfers from rest of the world | 700 |
| Net exports | -600 |
| Profit | 700 |
| Private final consumption expenditure | 6000 |
Q.31 . Will the following included in National income. Give reason in support of your answer For - 6 Mark
- Brokage payment on sale of share.
- School fee paid by students
- Expenditure on the construction of office building
- Festival gift to its employee by employer
Q.32 .Define Inflationary gap. How can problem of deficient AD be combated by using public expenditure? For - 6 Mark
Or
Q.( a ) In an economy planned savings are greater than planned investment. How can equality between two be achieved? Explain
( b ) Explain the meaning of investment multipler? What can be its minimum value and why?
Prepared By: Mr. Raghuvanshi Kuldeep
mail to: [email protected]
