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CBSE Guess > Papers > Question Papers > Class XII > 2005 > Economics > Delhi Set-II

ECONOMICS 2005 (Set-II Delhi)


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

SECTION – A

Q.1. Answer the following questions:

a) What is meant by producer’ equilibrium?
b) Define marginal physical product.
c) Define market supply.
d) In which form of market there is product differentiation? 4x1

Q. 6. Complete the following table: 4

Price
(Rs.)

Output
(unit)

Total
Revenue (Rs.)
Marginal
Revenue (Rs.)
10
9
6
4
1
2
3
4
-
-
-
-

-
-
-
-

Q. 8. The price of commodity is Re. 15 per unit and its quantity demanded is 500 units Its quantity demanded rises by 80 units as a result of a fall in its price by 20 per cent. Calculate its price elasticity of demand. Is its demand inelastic? Give reason for your answer. 4

SECTION – B

Q. 13. Answer the following questions: 1x4
a) Define macroeconomics.
b) Give two examples of microeconomic studies.
c) Why is payment of interest revenue expenditure?
d) What is meant by balance of trade?

Q. 14. From the following data about firm ‘A’, calculate its gross value added at fac- tor cost: 3

 
Rs.
(in thousand)
a) Opening stock
b) Closing stock
c) Subsidy
d) Purchase of intermediate produce
e) Sales
f) Purchase of machinery
50
40
60
450
750
200

Q. 16. Complete the following table: 3

Level of
income

Consumption
expenditure

Marginal propensity
to consume

Marginal propensity
to save

100
200
300
400

100
190
275
355

-
-
-
-

-
-
-
-

Q. 17. Explain the meaning of inflationary gap with the help of a diagram. 3

Q. 20. State the four functions of money. Describe any one of these. 4

Q. 23. From the following data, calculate: 3

1. Personal disposable income and
2. National income

 

 
Rs.
(in crores)

a) Private income
b) Net retained earning of private enterprises
c) Net factor income from abroad
d) Corporate tax
e) Direct taxes paid by households
f) Compensation of employees
g) Mixed income of self-employed
h) Rent
i) Interest
j) Profit
k) Consumption of fixed capital
l) Net indirect taxes
m) Net exports

4,000
800
(-)60
450
400
1,500
1,400
300
400
1.000
250
400
(-)40

Economics 2005 Question Papers Class XII

CBSE 2005 Question Papers Class XII