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

done Solved Paper - Economics 2012 Outside Delhi Set-II Total Questions - 8

• question_answer1) Explain the central problem of 'how to produce'.
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• question_answer2) A farmer takes a farm on rent and carries on farming with the help of family members. Identify explicit and implicit costs from this information. Explain.
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• question_answer3) Define a budget line. When can it shift to the right?
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• question_answer4) A consumer buys 14 units of a good at a price of Rs. 8 per unit. At price Rs. 7 per unit he spends Rs. 98 on the good. Calculate price elasticity of demand by the percentage method. Comment upon the shape of demand curve based on this information.
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• question_answer5) 

  Find Gross Value Added at Factor Cost:
  (i)	Unit of output sold	2,000
  (ii)	Price per unit of output (Rs)	20
  (iii)	Depreciation (Rs)	2,000
  (iv)	Change in stock (Rs)	(-) 500
  (v)	Intermediate costs (Rs)	15,000
  (vi)	Subsidy (Rs)	3,000

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• question_answer6) 

  Find National Income from the following:

  Autonomous Consumption = Rs. 100

  Marginal propensity to consume = 0.60

  Investment = Rs. 200

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• question_answer7) 

  Giving reason, explain how should the following be treated while estimating national income:

  (i) Expenditure on free services provided by government.

  (ii) Payment of interest by a government firm.

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• question_answer8) 

  Find out (a) National Income
  (Rs. crore)
  (i)	Net imports	(-)10
  (ii)	Net domestic fixed capital formation	100
  (iii)	Private final consumption expenditure	600
  (iv)	Consumption of fixed capital	60
  (v)	Change in stocks	(-)50
  (vi)	Government final consumption expenditure	200
  (vii)	Net factor income to abroad	20
  (viii)	Net current transfers to abroad	30
  (ix)	Net indirect tax	70
  (x)	Factor income from abroad	10

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