Solved papers for 12th Class Economics Solved Paper - Economics 2012 Delhi Set-III

done Solved Paper - Economics 2012 Delhi Set-III

  • question_answer1) State reasons why does an economic problem arise?

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  • question_answer2) A producer invests his own savings in starting a business and employs a manager to look after it. Identify implicit and explicit costs from his information. Explain.

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  • question_answer3) Define an indifference map. Explain why an indifference curve to the right shows higher utility level.

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  • question_answer4) A consumer buys 20 units of a good at a price of Rs. 5 per unit. He incurs an expenditure of Rs. 20 when he buys 24 units. Calculate price elasticity of demand using the percentage method. Comment upon the likely shape of demand curve based on this information.

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  • question_answer5)

    Find Net Value Added at Market Price:
    S. No. Items Amount
    (i) Output sold (units) 800
    (ii) Price per unit of output (Rs) 20
    (iii) Excise (Rs) 1,600
    (iv) Import duty (Rs) 400
    (v) Net change in stocks (Rs) (-) 500
    (vi) Depreciation (Rs) 1,000
    (vii) Intermediate Cost (Rs) 8,000

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  • question_answer6)

    Find consumption expenditure from the followings:
    Items Amount
    Autonomous consumption Rs 100
    Marginal propensity to consume 0.70
    National Income Rs 1,000

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  • question_answer7)

    Comparing reason explain how should the following be treated in estimating National Income:
    (i) Interest paid by banks on deposits by individuals.
    (ii) National debt interest.

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  • question_answer8)

    Find out (a) Gross National Product at Market Price and (b) Net Current Transfers from abroad:
    (Rs. crore)
    (i) Net Indirect Tax 35
    (ii) Private final consumption expenditure 500
    (iii) Net national disposable income 750
    (iv) Closing stock 10
    (v) Government final consumption expenditure 150
    (vi) Net domestic fixed capital formation 100
    (vii) Net factor income to abroad (-) 15
    (viii) Net imports 20
    (ix) Opening stock 10
    (x) Consumption of fixed capital 50

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Solved Paper - Economics 2012 Delhi Set-III
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