CBSE Guess > Papers > Question Papers > Class XII > 2004 > Economics > Outside Delhi Set-II

ECONOMICS (Set II—Outside Delhi)

Except for the following questions, all the remaining questions have been asked in Set I.

SECTION - A

Q. 1. Answer the following, questions: 1x4
(i) State the law of supply.
(ii) In which market form are average revenue and marginal revenue of a firm always equal?
(iii) Define total revenue.
(iv) What is meant by price elasticity of demand?

Q. 4. Give three reasons for a righward shift of supply curve of a commodity. 3

Q. 7. Complete the following table: 4

Q. 9. When the price of a commodity falls from Rs. 10 per unit to Re. 9 per unit, its quantity supplied falls by 20 per cent. Calculate its price elasticity of supply. 4

SECTION - B

Q. 13. Answer the following questions: 1x4
(i) Give an example of a micro-economic study.
(ii) What is meant by revenue deficit?
(iii) What is macro-economics?
(iv) When will there be a surplus in balance of trade?

Q. 15. Calculate Net National Disposable Income from the following data: 3

Q. 16. In an economy, the marginal propensity to consume is 0.95. Investment is increased by Rs. 100 crores. Calculate the total increase in income and consumption expenditures. 3

Q. 17. What is the basis of classifying government receipts into revenue receipts and capital receipts? Give an example of each. 3

Q. 23. From the following data calculate National Income by (i) income method and (ii) expenditure method:3, 3

Economics 2004 Question Papers Class XII
Delhi		Outside Delhi		Compartment Delhi		Compartment Outside Delhi
	Set I		Set I		Set I		Set I
	Set II		Set II		Set II		Set II
	Set III		Set III