Solved papers for 12th Class Economics Solved Paper - Economics 2011 Delhi Set-II

done Solved Paper - Economics 2011 Delhi Set-II Total Questions - 7

  • question_answer1) What is positive economics?

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  • question_answer2) Explain the conditions determining how many units of a good the consumer will buy at a given price.

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  • question_answer3) Explain the concept of Marginal Rate of Substitution (MRS) by giving an example. What happens to MRS when consumer moves downwards along the indifference curve? Give reasons for your answer.

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  • question_answer4) State the components of capital account of balance of payments.

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  • question_answer5) If National Income is Rs. 50 crore and Saving Rs. 5 crore, find out average propensity to consume. When income rises to Rs. 60 crore and saving to Rs. 9 crore, what will be the average propensity to consume and the marginal propensity to save?

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  • question_answer6)  
    Giving reasons classify the following into intermediate products and final products:
    (i) Computers installed in an office.
    (ii) Mobile sets purchased by a mobile dealer.

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  • question_answer7) 
    Find the gross National Product at market price from the following:
    S. No. Items (Rs. Arab)
    (i) Opening stock 50
    (ii) Private final consumption expenditure                               1000
    (iii) Net current transfers to abroad 5
    (iv) Closing stock 40
    (v) Net factor income to abroad (-) 10
    (vi) Government final consumption expenditure  300
    (vii) Consumption of fixed capital 30
    (viii) Net imports  20
    (ix) Net domestic fixed capital forma 150

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Solved Paper - Economics 2011 Delhi Set-II


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