Directorate of Education Govt. of NCT of Delhi. Support Material. ECONMICS Class-XII(Urdu Medium)
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1 Directorate of Education Govt. of NCT of Delhi Support Material ECONMICS Class-XII(Urdu Medium) Under the guidance of Dr. Sunita S. Kaushik Addl. DE(School/Exam) Coordinators: Ms. Savita Drall DEO(Exam) Ms. Sharda Taneja OSD(Exam) Dr. Satish Kumar OSDExam
2 S.No. Name Designation 1. Mrs. Neelam Vinayak (Team Leader) V. Principal G.G.S.S. Deputy Ganj Sadar Bazar Delhi Dr. Haresh Pandey P.G.T. (Economics) Rajkiya Pratibha Vikas Vidyalaya Kishan Ganj Delhi Mr.ShubedarYadav GBSSS BL-Blk Shalimar Bagh 4. Mr. Saket Kumar P.G.T. (Economics) R.P.V.V. Sector-11 Rohini Delhi Ms. Daisy SKV Vivek Vihar Economics-XII 2
3 (30) 2014, (A) Economics-XII
4 (E) 30%.1 50%.2 20%.3 (F) 3-5 Economics-XII 4
5 Economics-XII
6 1 - (b) (PPC) Economics-XII 6
7 MRT PPC PPC (MRT) (b) (MRT) 1 (b) (d) (c) 2 (b) (d) (c) 7 Economics-XII
8 3 (b) (d) (c) 4 (b) (d) (c) 5 (b) (d) (c) PPC 6 (b) (d) (c) (b) (d) 10 (c) 8 -x (b) (d) (c) Economics-XII 8
9 H.O.T.S 8 9 (b) (c) Economics-XII
10 MOC A 1 95 B 2 85 C 3 70 D 4 50 E 5 25 F 'B' 'A' A 1 18 B 2 14 C 3 8 D 4 0 E ,000 PPC 1 2 Economics-XII 10
11 MCQ (d) 3 (d) (b) 5 (d) 4 8 (b) 7 3 MOC A 5 B 10 C 15 D 20 E 25 F Economics-XII
12 2 - (satisfaction) (MRS) y x (Indifference Curve) Economics-XII 12
13 'Utils' MUx = PxMUm = 1 MUm x MU X x P X (iii) (b) x Y (iii) 13 Economics-XII
14 (b) (c) (d) (e) Economics-XII 14
15 ed > 1 1- ed = 1 2- ed < Economics-XII
16 = = P = P = Q = Q = P = Q = P = Q = E D E D = Economics-XII 16
17 (b) (d) (f) (c) (e) (b) (d) (c) 1 17 Economics-XII
18 (Utility Analysis) 2 (b) (d) (c) 3 TU (b) TU (d) TU TU (c) 4 (b) (d) (c) Term 5 (b) (d) (c) 6 (b) (d) (c) 7 (b) (d) (c) Economics-XII 18
19 8 yx (b) y x y x (d) 3-4 x (c) X X X (b) (c) X Economics-XII
20 (iii) Y X (iii) (b) (c) (b) 20 Economics-XII
21 Y 20% X Y X 23 Y H.O.T.S. X 40% % X YX 8% Y (iv)? = MU (iii) 21 Economics-XII
22 27 (b) Y X (b) Economics-XII 22
23 7 H.O.T.S. 8 (b) 9 (b) (c) (iii) Economics-XII
24 MCQ (b) 3 2 (c) 1 (b) 6 (c) (b) 7 Economics-XII 24
25 3 - AP = (TP) MP = (R) 'U' AP MP > AP AP MP = AP MP < AP AP MP AP Economics-XII
26 (A) (B) (C) (TC) (AC) (MC) TC = TFC + TVC Economics-XII 26
27 X TFC = TC TVC TFC = AFC Q TVC = TC TFC TVC = AVC Q AC = AFC + AVC AFC = AC AVC AVC = AC AFC MC = TVC n TVC (n 1) 27 Economics-XII
28 TCTVC -xtfc TR = (AR) Q TR = MR Economics-XII 28
29 X AR = MR TR MRAR AR > MR MR MR AR AR MR TR MR MR TR (iii) TR MR (A) MC = MR MC MR (b) 29 Economics-XII
30 = E S 1 = E S 2 Economics-XII 30
31 X (i X (ii (iii (i (i (ii (iii (iv (ii (iii (iv 31 Economics-XII
32 1 (b) (d) (c) 2 (b) (d) (c) 3 Es = 1 (b) Es > 1 Es = 0 (d) Es < 1 (c) 4 (b) (d) (c) 5 (b) (d) (c) -x 6 TVC (b) AFC TC (d) TFC (c) Economics-XII 32
33 -y 7 (b) Es = 0 (d) Es = 1 (c) 8 AR < MR (b) AR > MR (d) AR = MR (c) 9 MP (b) MP MP (d) MP (c) 10 AP = MP (b) AP > MP (d) AP < MP (c) Economics-XII
34 'U' (A) (B) (C) MC TC AVC (Rs.) (Rs.) (Rs.) (Rs.) Economics-XII 34
35 TR MR (Rs.) (Rs.) (Rs.) () (b) % X Y X 8% Y H.O.T.S Economics-XII
36 (A) MRAR (B) (A) (B) AVC AC (A) (B) (b) MC = AC Economics-XII (A) (B) (C)
37 4 (A) (B) (C) 5 (b) (c) 1 2 MCQ (b) 3 (c) 2 (b) 1 (c) 6 (b) 5 4 (d) 9 (d) 8 7 (b) Economics-XII
38 TFC (Rs.) TVC (Rs.) MC (Rs.) TC (Rs.) AVC (Rs.) MC (Rs.) ATC (Rs.) TC (Rs.) TFC (Rs.) AFC (Rs.) TVC (Rs.) AVC (Rs.) X X 22 X Economics-XII 38
39 Y 12.5% Y Y Y 8% 39 Economics-XII
40 4- OX Economics-XII 40
41 (b) (c) (d) (Monopoly Market) (a (b MR (c (d AR (e (Ed < 1) AR AR = 2MR 41 Economics-XII
42 (Monopoly Competition) (Ed > 1) MR AR AR AR = 2MR (Oligopoly) Economics-XII 42
43 Economics-XII
44 XMRAR MRAR (Homogenous) (Hetrogenous) Economics-XII 44
45 AR = MR 1 (b) (d) (c) 2 (b) (d) (c) 3 (b) (d) (c) 4 (b) (d) (c) 5 (b) (d) (c) 6 (b) (d) 45 Economics-XII (c)
46 (Equilibrium Price) 7 (b) (d) (b) (c) (Excess Demand) 8 (b) (d) (c) Ceiling 9 (b) (c) (d) Fixation 10 (b) (b) (d) (b) (c) 3-4 Economics-XII
47 H.O.T.S. MA < AR MR = AR Economics-XII
48 MCQ 2 3 (c) 2 (b) 1 (c) 6 (c) 5 (d) 4 (d) 9 8 (d) 7 (c) 10 Economics-XII 48
49 H.O.T.S. MR 3-4 AR Economics-XII
50 5- OX OY OXOY Economics-XII 50
51 Economics-XII
52 6- = Economics-XII 52
53 (iii) (iv) GDPMP GDPMP NDP MP NDP MP = GDP MP (NDP FC ) 53 Economics-XII
54 (GNP MP ) GNP MP (NNP MP ) NNP MP = GNP MP (NNP FC ) NNP FC = NDP FC + NFIA = (NNP MP ) (NDI) NDI = NNP MP + = + + (Gross NDI) (b) = GNP MP + Economics-XII 54
55 (Net NDI) = NNP MP + GNP MP + NDI = + + NDP FC = NFIA + GDPMP + (GDPMP) = + + GDPMP = = = + 55 Economics-XII (GDPMP) = = = = +
56 :NIT :MP :FC Dep :NP :DP :NFIA + = = (GVA MP ) NVA MP = GVA MP NVA FC = NVA MP (NDP FC ) Economics-XII
57 (GDPMP) (NDP FC ) NFIA 57 Economics-XII
58 (PDI) NDP FC NFIA + NNP FC Economics-XII 58
59 NDP FC NFIA + NNP FC (PDI) Economics-XII
60 (d) Inventory (b) (d) GDPmp (c) (b) (b) (c) 2 3 (d) (c) NFIA GDPmp NFIA GDPmp GNPmp GNPmp (b) 4 FITA FIFAGDPmp NFIA GDPmp GNPmp (c) GNPmp (d) Transfer (b) 5 (d) (c) (b) 6 (d) (c) NFIA (b) (c) (d) 7 Economics-XII 60
61 Inventory (b) 8 (d) (c) Leakage (b) 9 (b) (d) (c) (b) 10 (d) (b) (c) (iv) (vi) (iii) (v) 8 61 Economics-XII
62 W.H.O H.O.T.S. (b) NFIA Economics-XII 62
63 6 (b) (c) (c) (b) (b) (c) (b) (c) Economics-XII
64 (iii) 50 (iv) 05 (v) 10 (iii) 11 (iii) 12 (iii) Economics-XII 64
65 GVA MP Y X 150 X Y ( )20 10 X Y Y X Y (iii) (iv) (v) (vi) (vii) NVA FC (iii) 100 (iv) 20 (v) 50 (vi) 500 (vii) 200 (viii) 60 (ix) 65 Economics-XII
66 NNP FC (b) NDP FC (a 800 (b 400 (c 400 (a 300 (b 100 (c (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) FITA = 90 Crore (b) GDP FC = 2600 Crore Economics-XII 66
67 (b) (NNP FC ) = GNDI (b)nnp FC = 1320 (b) (GDP MP ) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) Economics-XII (iii) (iv) (v) (vi) (vii) (viii)
68 (ix) (x) (xi) (xii) FIFA = 120 GDPMP = 3050 (b) (GDP MP ) (50) (iii) (iv) (v) 1300 (vi) (vii) (viii) (ix) (x) (xi) (xii) 6400 = GDP MP 130 = FIFA (b) Economics-XII 68
69 (b) (iii) (iv) (v) (vi) (vii) (viii) (ix) 30 (x) (b) ( ) 20 (iii) (iv) (v) (vi) (vii) 69 Economics-XII
70 (viii) (ix) (x) (xi) (b) (NVA FC ) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) 1375 Economics-XII 70
71 (c) (b) (c) 425 (b) 520 (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) 11 status 1 2 MCQ (d) 3 (d) Economics-XII
72 (b) 6 (d) 5 (d) 4 (b) 9 (b) 8 (d) 7 (b) 10 6 X = + = ( 20) NVA FC = Y = = Rs. 160 Lakh GVA MP = = Rs. 80 Lakh + = X = = Rs.240 Lakh + Y + = ( 50) = Rs. 280 Lakh 2 = = = = 6500 = = = Rs NAP FC 4 = (iii) + (viii) + + (iv) (vii) (ix) Economics-XII 72
73 = ( 50) = Rs Crore (b) = (iv) (v) (vi) (vii) + (ix) + (x) = ( 20) = = Rs Crore (NNP FC ) 5 (xi) + (vi) + (vii) + (x) (viii) (ix) (iv) = = 1320 = (GNDI) NNP FC + (iii) + (v) = = 1470 = GDP MP 6 NDP FC = + (v) + (vi) + (vii) = = 2700 GDP MP = NDP FC + CFC + NIT CFC = (GFCF + S) 650 = ( ) 650 = 100 NIT = 250 GDP MP = = Economics-XII
74 (FIFA) (b) GNP FC = GDP MP + NFiA NIT 280 = NFIA 250 NFIA = 0 NFIA = FIFA FIPA 0 = FIFA 120 FIFA = 120 Crore (GDP MP ) 7 NDP FC = (iii) + (iv) + (v) + (vi) = = 6000 GDP MP = NDP FC + CFC + NIT CFC = GDCF NDCF = (GFCF + S) NDCF = ( ) 800 = 100 NIT = 300 GDP MP = = 6400 Crore FIFA GNP FC = GDP MP + NFIA NIT 6150 = NFIA 300 NFIA = 50 NFIA = FIFA FIP 50 = FIFA 80 FIFA = Rs. 130 Crore Economics-XII 74
75 + (iii) + (viii) = (NNDT) = 2700 = (iv) + (vii) + (viii) + (x) (ix) (v) = = 2000 = + (x) + (vi) + (vii) (ix) + (xi) + (iv) = ( 20) = 950 = + (v) + (viii) (iii) (iv) + (xi) = = 950 = 9 + (iii) + (v) (iv) (vi) = NVA FC = 1375 = (vii) + (viii) + (ix) + (x) + (xi) + (xii) = = 1375 = (iii) 75 Economics-XII
76 7- (Double Coincidence) Economics-XII 76
77 LRR K Repo Rate Reverse Repo Rate RBI 1 (b) (d) (c) 77 Economics-XII
78 2 (b) (d) (b) (c) instrument RBI 3 (b) (CRR) (d) (c) legal tendor money 4 (b) (d) (c) RBI 5 (b) SLR (d) 3-4 CRR (c) CRR SLR CRR SLR 6 7 Economics-XII 78
79 8 9 H.O.T.S MCQ 4 (c) 3 (c) 2 (d) 1 (b) 5 (c) 4 79 Economics-XII
80 8- (AD) (C) (G) (F) (X-M) (iii) (iv) AD = C + I AS = C + S C = F(Y) AS = Y (C) (Y) = C = Y = F APC MPC Economics-XII 80
81 APC APC > 1 APC APC = 1 APC < 1 (iii) APC (iv) APC (v) (MPC) MPC 1 MPC 1 MPC = 1 C = Y MPC = 0.1C = 0 MPC 2 APS APS 3 81 Economics-XII APS 4 S = f (Y) = f = Y = S
82 S = S + MPS(Y) = S MPSAPS (APS) APS 1 S = 0 C = Y APS 2 APS APS 3 (Dissaving) APS 4 (MPS) MPS S = Y MPS = 1 1 S = 0 MPS = 0 2 (APC) APC + APS = 1 Y = C + S Economics-XII 82
83 Y APS MPS APC 1 = APC + APS APS = 1 APCAPC = 1 APS (MPS) 1 MPC MPC + MPS = 1 1 Y = C + S Y = C + S Y 1 = MPC + MPS MPC = 1 MPS MPS = 1 MPC 1 MPS MPC Economics-XII
84 2 AD = ASS = I AS AD Economics-XII 84
85 AS (AD) (AD) (b) (APS) (MPS) (d) (c) (b) (APC) (d) (MPC) (c) (b) (d) MPC (c) MPS (b) APC (d) APS (c) Monetary Policy (b) (d) SLR (c) 85 Economics-XII 5
86 6 (b) (d) 0.75 (c) MPC 7 K = 5 (b) K = 4 K = 3 (d) K = 2 (c) (Break even point) 8 C = Y (b) APC = 1 (d) O = (c) Economics-XII 86
87 (MPS) (MPC) 60 APC 9 50 MPC = 0.7 MPS APC APS APC MPC (80) Economics-XII
88 S = Y H.O.T.S AD > AS C = Y S = Y I = Y Economics-XII 100 = 0.70 = 1000 = 100 = 0.80 = 50 =
89 6 reverse = Y = S S = Y = Y = C C = Y 10 C = Y APC 89 Economics-XII 11
90 6H.O.T.S MPC MPC MPC 1 2 Inflation is unjust but deflation is inexpedient but out of those two deflation is worst. Do you agree? Give reasons. MCQ (c) 3 (b) 2 (b) 1 (b) 6 (d) 5 (b) 4 (d) 8 7 Economics-XII 90
91 (b) 91 Economics-XII
92 Disinvestment) Economics-XII
93 = > = = = Economics-XII
94 3 > = = 1 (b) (d) (Monetary) (c) 2 (b) (d) (c) 70 Liabilities (Borrowings) 3 30 (b) 70 (d) (c) 4 (b) (d) (c) (Borrowings) 50, (b) (d) 50, (c) Economics-XII 94
95 Liabilities (Borrowings) (b) 6 (d) (c) (PF) (b) 7 (d) (c) (b) 8 (d) (c) Economics-XII
96 3-4H.O.T.S (iii) (c) (b) (iv) (iii) (iv) (v) (vi) Economics-XII 17 96
97 MCQ (d) 3 (c) 2 1 (d) 6 (b) 5 4 (c) 8 (d) (iii) (iv) 97 Economics-XII
98 10- (Current A/c) (Capital A/c) Economics-XII 98
99 Economics-XII
100 4 5 (iii) (iv) (v) (iii) (iv) (iii) 100 Economics-XII
101 Bancing (b) (Private Capital) (d) (c) term Economics-XII
102 term (b) (c) (d) (b) 3 (d) (c) (b) 4 (d) (c) 5 Wedge (b) (c) (d) 3-4 Economics-XII
103 H.O.T.S Economics-XII
104 25 BOP BOP MCQ (d) 3 2 (d) Economics-XII 104
105 (set-i) (iii) (iv) (v) (vi) (vii) Economics-XII
106 % X YX 8% Y (2) (1) (iii) Economics-XII 106
107 (Capital Exp.) (Circular Flow) Economics-XII
108 (iii) B 6 A 32 Economics-XII 108
109 (b) A 2000 B (iii) ( ) 200 B (iv) 50 A (v) 100 A (vi) 180 B 120 A B A (vii) (viii) 500 A (ix) 70 B (x) 109 Economics-XII
110 (set-ii) (iii) (iv) (v) (vi) (vii) Economics-XII 110
111 ( 1) Economics-XII
112 (iii) (Capital Goods) GDP 20 1 (LRR) , GDP Economics-XII 112
113 CRR Margin Requirement GDP ( ) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 113 Economics-XII
114 (set-iii) (iii) (iv) (v) (vi) (vii) Economics-XII
115 1 (Price Maker Firm) Economics-XII
116 (iii) (iv) (v) (vi) (vii) (viii) Economics-XII 116
117 = 500 = 0.75 = (LRR) Economics-XII
118 6 (b) (GDP MP ) ( ) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 5 (b) Economics-XII 118
119 119 Economics-XII
120 Economics-XII 120
121 4 Y X 1X+10Y X 2 Y 2X 2X:1Y 2Y 5 (Labour Intensive Technique) (Capital Intensive Technique) 121 Economics-XII
122 Y X 3 Y X X Y Economics-XII 122
123 4 5 6 (iii) 123 Economics-XII
124 (iv) (iii) 8 Economics-XII 124
125 6 1 (Convex) (iii) 2 Y MRS X X X MRS X 125 Economics-XII
126 MRS MRS E Economics-XII 126
127 x Economics-XII
128 3 MC AVCAC AVC ACMC AVCACMC MC AVC AVC AC MC AC MC (iii) AVCAC (iv) 4 Economics-XII 128
129 AFC AVC AFC AC AVC AC AFC AVC AFC AVC AC AC (iii) (iv) 5 MRAR MR AR AR MR (iii) Economics-XII
130 7 8 (A) (B) Economics-XII 130
131 (Maximum) (iii) Economics-XII
132 C A B D B Economics-XII 132
133 2 (iii) Economics-XII
134 Economics-XII 134
135 Economics-XII
136 5 6 (iii) (iii) 7 (Price Discrimination) 136 Economics-XII
137 (Product Differentiation) Economics-XII
138 (iii) (iv) (v) Economics-XII
139 (iii) Economics-XII
140 (Capital Goods) GDP GDP GDP 6 1 (b) (d) (c) Economics-XII 140
141 GNPmp 2 (b) (d) (c) 3 (b) (c) (d) NDPFc 20 Subsidy = Rs 10 GDPmp = Rs (b) (d) 210 (c) AC 5 (b) (d) (c) + + (b) (c) (d) 6 7 (b) (d) (c) 141 Economics-XII
142 8 (b) (d) (c) 9 (b) (d) (b) (c) MCQ (c) 3 (d) 2 1 (c) 6 (d) (d) (iii) (iv) (v) (vi) (vii) (viii) Economics-XII 142
143 ( ) (iii) (iv) (v) (vi) (vii) ( ) (iii) (iv) (v) (vi) (vii) 143 Economics-XII
144 Economics-XII 144
145 8 9 (Financial Capital) (Services) (goods) 6 (b) (c) (d) (e) (f) (g) Economics-XII
146 (h) (j) (k) (l) (m) (n) (o) (p) (q) (r) (b) (c) (d) (e) (f) (g) (h) (j) (k) (l) (m) Economics-XII 146
147 (n) (o) (p) (q) (r) 2 (iii) (iv) (v) (iii) (iv) (v) 3 NFIA (iii) (iv) 147 Economics-XII
148 NFIA (iii) (iv) Economics-XII 148
149 (iii) (iv) -U 1 AVC (b) TVC AC (d) MC (c) 2 (b) (d) (c) 149 Economics-XII
150 3 (b) (d) (c) 4 (b) (c) (d) 9 7 TC TVC (b) 10 chain Economics-XII 150
151 MP TP Odd one out 16 (b) (c) (d) NNP = NDP 17 (b) NFIA (d) (c) (b) 18 Progressive (d) Regrassive (c) 19 (b) (d) (c) Economics-XII
152 21 NVAFC (Opening stock) (Closing stock) (iii) (iv) (v) (vi) (vii) MPC (Fixed exchange rate system) Managing Exchange Rate CRR (Gross National Disposable Income)GNDI KOW Economics-XII 152
153 (iii) (iv) (v) (vi) (vii) (viii) 10 NFIA (ix) 40 (x) 153 Economics-XII
154 (b) (c) (d) MU Rs 7 = 6 7 Rs 9 = = 0 ed = 0 Economics-XII 154
155 8 Correct explanation (d) Economics-XII
156 (b) NAVfc = (iii) + vii vi v iv ii = = 115 crore 23 devaluations CRR Economics-XII 156
157 NI = (iii) + (iv) + (v) + (vii) + (viii) + (ix) (x) 29 = ( 10) (40) = Rs 540 crore GNDI = NI + + (iii vii) + (vi) = ( 5) + (60) +20 = 615 crore 157 Economics-XII
158 (Financial Advisor) Economics-XII 158
159 6 1 LRR LRR = 20% (2) 1000 = (1) (3) % Economics-XII
160 = (MPC) C = Y 3 C = Y Y = C + 1 Y = Y = Rs Economics-XII 160
161 4 5 MPC > MPS (iii) (MPS) 1 1 (iv) (v) (vi) 1 K = 1/1 MPC = 1/1 0 = 1 MPC = 0 APS MPC > 0.8 (iii) MPC MPS S = 0 MPS = S/Y K = 1/1 MPC = 1/1 0 = 1 APC + APS = 1 (iv) (v) (vi) 5 MPC K = 1/1 MPC 161 Economics-XII consumption
162 LRR Economics-XII 162
163 LRR (consumption) MPC = 75% = 75/100 3/4 MPS = 1 3/4 = 1/4 K = 1/MPS = : = MPC:MPS = 3: = 163 Economics-XII
164 Economics-XII 164
165
166 2 3 6 = (iii) Economics-XII 166
167 Economics-XII
168 9 (iii) 10 Economics-XII 168
169 ECONOMICS(030) Class: XII Time: 3 Hrs. M.M. : 100 General Instructions : 1. All questions are compulsory. 2. Marks are indicated against each question. 3. Question no. 1-5 and are very short answer questions carrying 1 mark each. They are required to be answered in one sentence each. 4. Question no and are short answer questions carrying 3 marks each. Answers to them should not normally exceed 60 words each. 5. Question nos and are also short answer questions carrying 4 marks each. Answers to them should not normally exceed 70 words each. 6. Question no and are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 words each. 7. Question nos. 1 and 29 are value based questions. 8. Answer should be brief and to the point (iii) (iv) (v) (vi) (vii 169 Economics-XII
170 A 1. Why the drinking water should be used economically? 1 2. What is meant by cost in Economics? 1 3. Give the meaning of change in quantity supplied Define the term utility What is meant by equilibrium price? 1 6. Explain how firms are interdependent in oligopoly market? 3 OR How do the equilibrium price and quantity of a commodity change when price of the factor input used in production increases? 7. Price elasticity of demand for a good is 1.5. At the price of ` 60 per unit, expenditure of consumer is ` Calculate quantity demanded when the price of good falls by 20 percent. 3 ` 3000 ` % 8. What is the likely behaviour of marginal revenue? When : 3 Total revenue increases? (b) Total revenue decreases? Economics-XII 170
171 9. Complete the following table : 3 Output Average Variable Total Cost Marginal Cost (units) Cost (`) (`) (`) (b) (`) (`) (`) Production possibility curve is concave to the origin. Explain with the help of numerical example Explain the following features of indifference curve : 4 (b) Two indifference curves never intersect each other. Slope of indifference curve is downward sloping from left to right. (b) 171 Economics-XII
172 12. How are the following factors responsible for leftward shift of supply curve? Explain : 4 (b) Number of firms Price of related goods (b) 13. Explain how a rise in prices of the related goods affect the demand for the given good. Give example. 4 OR How does the following factors affect the price elasticity of demand? Explain: (b) Nature of commodity Taste and preferences of the consumer 14. A consumer consumes only two goods. For the consumer to be in quilibrium, why must marginal rate of substitution be equal to the ratio of prices of the two goods? Explain. 6 (b) Economics-XII 172
173 15. Explain any three features of monopoly market. 6 OR Explain any three features of monopolistic competition. 16. Explain the behaviour of marginal product under the law of variable proportion. Use diagram. 6 Note : The following question is for blind candidates only in lieu of Question No. 16. Explain the behaviour of marginal product under the law of variable proportion. Use a schedule B 17. What is meant by marginal requirement of loan? Define net factor income from abroad What is meant by depreciation? What is Balance of Trade? Define money supply Economics-XII
174 22. State the components of capital account of Balance of Payment Explain the impact of rise in price of foreign currency on imports of an economy. 3 OR Explain the effect of depreciation of domestic currency on exports. 24. Complete the following table : 3 Income MPC Saving APS APS MPC (70) Giving reason, explain how should the following be treated in estimating national income : 3 Expenditure for the maintenance of buses by a travel agency. (b) Expenditure on purchase of a new buses by a travel agency. Economics-XII 174
175 26. What changes will take place to bring an economy in equilibrium if aggregate supply is greater than aggregate demand? Explain Giving reason, classify the following in revenue receipts and capital receipts: 4 (b) (c) (d) Receipt from sale of railway tickets. Receipt from entertainment tax. Receipt from Education loan by Government from World Bank. Recovery of agricultural loan by the Government. (b) (b) (c) 28. Explain the Economic stability objective of a Government budget. 4 (d) OR Explain the Reallocation of resources objective of a Government budget. 29. Budget deficit creates disequilibrium in every economy but in developing countries like India why does Government depends on budget deficit? Explain Economics-XII
176 30. In an economy S = Y is the saving function (where S = Savings, Y = National income) and investment expenditure is 9,000. Calculate : 6 (b) Equilibrium level of national income. Consumption expenditure at equilibrium level of national income YSS = Y (b) OR From the following information about an economy, calculate : (b) Equilibrium level of national income. Savings at equilibrium level of national income. Consumption function : C = Y (Where C = Consumption expenditure and Y = National income) Investment expenditure : I = 8,000 (b) C = Y Y C I = 8, Explain the following functions of the Central Bank : 6 (b) Bank of issue Banker s bank Economics-XII 176
177 (b) 32. From the following data, calculate : 6 Net domestic product at factor cost (b) Subsidy (Crore `) Wages and salaries 1,000 Consumption of fixed capital 40 (iii) Undistributed profit 150 (iv) Rent 120 (v) Mixed income of self employed 80 (vi) Profits 130 (vii) Indirect taxes 180 (viii) Gross national disposable income 1,780 (ix) Contribution of employer in social securities 200 (x) Net factors income from abroad ( 90) (xi) Current transfer from rest of the world 100 (xii) Interest 60 (b) 1, (iii) (iv) (v) (vi) 177 Economics-XII
178 180 1, ( 90) (vii) (viii) (ix) (x) (xi) (xii) Economics-XII 178
179 ECONOMICS(030) 25/1/2 CBSE( ) Class: XII Time: 3 Hrs. M.M. : (iii) (iv) (v) (vi) 100 (*) (vii) A Economics-XII
180 ( 1) B B BA Economics-XII 180
181 B Economics-XII
182 = 0.20 = 100 = Economics-XII 182
183 (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 32 (iii) 183 Economics-XII
184 ECONOMICS(030) 251/1/1 CBSE( ) Class: XII Time: 3 Hrs. M.M. : (iii) (iv) (v) (vi) 100 (*) (vii) A Economics-XII 184
185 5 6 ( ) B B BA Economics-XII
186 B Economics-XII 186
187 24 (Duty) (Import) = 0.25 = 200 = ( ) (Import) (iii) (iv) (v) (vi) 187 Economics-XII
188 35 ( ) (vii) (viii) (ix) (x) 31 (iii) Economics-XII 188
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