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

done Solved Paper - Economics 2011 Delhi Set-III Total Questions - 6

• question_answer1) What is normative economics?
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• question_answer2) What are monotonic preferences? Explain why is an indifference curve (i) Downward sloping from left to right and (ii) Convex.
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• question_answer3) What does balance of payments account show? Name the two parts of the balance of payments account.
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• question_answer4) If national income is Rs. 90crore and consumption expenditure Rs. 81 crore, find out average propensity to save. When income rises to Rs. 100 crore and consumption expenditure to Rs. 88 crore, what will be the marginal propensity to consume and marginal propensity to save.
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• question_answer5) 

  Giving reasons identify whether the following are final expenditure or intermediate expenditure:       [4]

  (i) Expenditure on maintenance of an office building.

  (ii) Expenditure on improvement of a machine in a factory.

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• question_answer6) 

  Calculate Net National Product at market Price and Gross National Disposable Income:
  S. No.	Items	(Rs. Arab)
  (i)	Consumption of fixed capital	40
  (ii)	Change in stocks	(-) 10
  (iii)	Net imports	20
  (iv)	Gross domestic fixed capital formation	100
  (v)	Private final consumption expenditure	800
  (vi)	Net current transfer to rest of the world	5
  (vii)	Government final consumption expenditure	250
  (viii)	Net factor income to abroad	40
  (ix)	Net indirect tax	130

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