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

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

• question_answer1) What is Opportunity Cost? Explain with the help of an example.
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• question_answer2) A producer borrows money and starts a business. He himself looks after the business. Identify implicit and explicit costs from this information. Explain.
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• question_answer3) What is budget set? Explain what can lead to change in budget set.
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• question_answer4)   A consumer buys 8 units of a good at a price of Rs. 7 per unit. When price rises to Rs. 8 per unit he buys 7 units. Calculate price elasticity of demand through the expenditure approach. Comment upon the shape of demand curve based on this information.**
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• question_answer5) 

  Find out Net Value Added at Factor Cost:
  (i)	Price per unit of output (Rs.)	25
  (ii)	Output sold (units)	1,000
  (iii)	Excise duty (Rs.)	5,000
  (iv)	Depreciation (Rs.)	1,000
  (v)	Change in stocks (Rs.)	(-) 500
  (vi)	Intermediate costs (Rs.)	7,000

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• question_answer6) 

  Find Investment from the following:

  National Income = Rs. 600

  Autonomous Consumption = Rs. 150

  Marginal propensity to consume = 0.70

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• question_answer7) 

  How should the following be treated while estimating National Income? Give reasons.

  (i) Expenditure on education of children by a family.

  (ii) Payment of electricity bill by a school.

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• question_answer8) 

  Find out (a) Net National Product at Market Price form the following:
  (Rs. crore)
  (i)	Undistributed profits	20
  (ii)	Compensation of employees	800
  (iii)	Rent	300
  (iv)	Dividend	100
  (v)	Royalty	40
  (vi)	Net current transfers to abroad	(-) 30
  (vii)	Corporation tax	50
  (viii)	Interest	400
  (ix)	Depreciation	70
  (x)	Net factor income from abroad	(-) 10
  (xi)	Net indirect tax	60

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