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

done Solved Paper - Economics 2012 Outside Delhi Set-III

  • 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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Solved Paper - Economics 2012 Outside Delhi Set-III
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