Solved papers for 12th Class Economics Solved Paper - Economics 2014 Delhi Set-II

done Solved Paper - Economics 2014 Delhi Set-II Total Questions - 8

• question_answer1) Define budget line.
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• question_answer2) What is meant by cost in economics?
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• question_answer3) Price elasticity of demand of a good is (-) 1. When its price per unit falls by one rupee, its demand rises from 16 to 18 units. Calculate the price before change.
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• question_answer4) Explain the change in demand of a good on account of change in prices of related goods.
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• question_answer5) What is 'current account deficit' in the balance of payments?
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• question_answer6) Visits of foreign countries for sightseeing etc., by the people of India is on the rise. What will be its likely impact on foreign exchange rate and how?
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• question_answer7) 

  Calculate   autonomous   consumption expenditure from the following data about an economy which is in equilibrium.

  National income = 1200

  Marginal propensity to save = 0.20

  Investment expenditure =100

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• question_answer8) 

  Calculate ?net national product? at factor cost from the followings
  (Rs. Arab)
  (i)	National debt interest	60
  (ii)	Wages and salaries	600
  (iii)	Net current transfers to abroad	20
  (iv)	Rent	200
  (v)	Transfers payments by government	70
  (vi)	Interest	300
  (vii)	Net domestic product at factor cost accruing to government	400
  (viii)	Social security contribution by employers	100
  (ix)	Net factor income paid to abroad	50
  (x)	Profits	300

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