CBSE Guess > Papers > Question Papers > Class XII > 2003 > Economics > Delhi Set -I. ECONOMICS—2003 (Set I—Delhi) SECTION - A (Introductory Micro Economic Theory) Q. 1. Answer the following questions: 4 Q. 2. Distinguish between expansion of demand and increase in demand. 3 Q. 3. State any three characteristics of a perfectly competitive market. 3 Q. 4. (i) The price of a commodity is Rs. 10 per unit and its quantity supplied at this price is 500 units. If its price falls by 10 per cent and quantity supplied falls to 400 units, calculate its price elasticity of supply. 3 Q. 5. How is the supply of a commodity affect by changes in the prices of other commodities? 3 Q. 6. Explain the law of demand with the help of demand schedule. 4 Q. 9. Explain the Law of supply with the help of a supply schedule and supply curve. 4 Q. 10. Explain the relationship between average variable cost and marginal cost with the help of a diagram. Q. 11. Distinguish between returns to a factor and returns to scale. Why do increasing returns to scale occur? 6 Q. 12. (i) Explain why the marginal revenue is less than average revenue for a monopoly firm. 3 SECTION - B Q. 1. Answer the following questions: 4 Q. 14. Distinguish between a factor income and transfer receipt. 3 Q. 15. Explain the problem of double counting in the estimation of national income by the value added method. 3 Q. 16. What is meant by circular flow of income. Distinguish between Real Flow and Money Flow. 4 Q. 17. From the following data about a firm X’ for the year 2000-01, calculate the net value added at market price during that year: 4
Q. 18. Define operating Surplus. State is components. 4 Q. 19. Distinguish between balance of trade and balance of payments. 4 Q. 20. Explain credit creation by commercial banks. 4 Q. 21. What are ‘Open Market Operations’? How do these affect availability of credit? 4 Q. 22. Calculate from the following data: 6
Q. 23. State any six precautions which must be taken while estimating factor income. Q. 24. From the following data, calculate gross national product at market prices by 6
CBSE 2003 Question Papers Class XII
|
Warning: include_once(../../../../120_60_others.php): Failed to open stream: No such file or directory in /home/cbseguess/public_html/papers/question_papers/xii/2003/2003_economics_delhi_set1.php on line 190 Warning: include_once(): Failed opening '../../../../120_60_others.php' for inclusion (include_path='.:/opt/cpanel/ea-php83/root/usr/share/pear') in /home/cbseguess/public_html/papers/question_papers/xii/2003/2003_economics_delhi_set1.php on line 190 |