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

done Solved Paper - Economics 2014 Delhi Set-III

  • question_answer1) Define marginal revenue.

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  • question_answer2) Define indifference map.

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  • question_answer3) A consumer buys 30 units of a good at a price of Rs. 10 per unit. Price elasticity of demand for the good is (-1). How many units the consumer will buy at a price of Rs. 9 per unit? Calculate.

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  • question_answer4) What is market demand for a good? Name the factors determining market demand.

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  • question_answer5) Market for a product is in equilibrium. Supply of the product 'decreases.' Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram.

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  • question_answer6) Define aggregate supply?

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  • question_answer7) What is 'devaluation'?

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  • question_answer8) How does giving incentives for exports influence foreign exchange rate? Explain.

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  • question_answer9)

    Calculate marginal propensity to consume from the following data about an economy which is in equilibrium:
    National Income = 1500
    Autonomous consumption expenditure = 300
    Investment expenditure = 300

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  • question_answer10)

    Calculate net domestic product at factor cost from the following:
    (Rs. Arab)
    (i) Net current transfers to abroad 5
    (ii) Government final consumption expenditure 100
    (iii) Net indirect tax 80
    (iv) Private final consumption expenditure 300
    (v) Consumption of fixed capital 20
    (vi) Gross domestic fixed capital formation 50
    (vii) Net imports (-)10
    (viii) Closing stock 25
    (ix) Opening stock 25
    (x) Net factor income to abroad 10

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Solved Paper - Economics 2014 Delhi Set-III
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