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

done Solved Paper - Economics 2014 Delhi Set-II

  • 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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Solved Paper - Economics 2014 Delhi Set-II
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