Solved papers for 12th Class Economics Solved Paper - Economics 2015 Delhi Set-I

done Solved Paper - Economics 2015 Delhi Set-I

  • question_answer1) Give equation of Budget Line.

    View Answer play_arrow
  • question_answer2)

    When income of the consumer falls the impact on price-demand curve of an inferior good is: (choose the correct alternative)
    (a) Shifts to the right.
    (b) Shifts to the left.
    (c) There is upward movement along the curve.
    (d) There is downward movement along the curve.

    View Answer play_arrow
  • question_answer3)

    If Marginal Rate of Substitution is constant throughout, the Indifference curve will be: (choose the correct alternative.
    (a) Parallel to the x-axis.
    (b) Downward sloping concave.
    (c) Downward sloping convex.
    (d) Downward sloping straight line.

    View Answer play_arrow
  • question_answer4)

    Giving reason comment on the shape of Production Possibilities Curve based on the following schedule:
    Good X (units) Good Y (units)
    0 10
    1 9
    2 7
    3 4
    4 0

    View Answer play_arrow
  • question_answer5)

    What will be the impact of recently launched 'Clean India Mission' (Swachh Bharat Mission) on the Production possibilities curve of the economy and why?
    Or
    What will likely be the impact of large scale outflow of foreign capital on Production Possibilities curve of the economy and why?
     

    View Answer play_arrow
  • question_answer6) The measure of price elasticity of demand of a normal good carries minus sign while price elasticity of supply carries plus sign. Explain why?

    View Answer play_arrow
  • question_answer7) There are large number of seller in a perfectly competitive market. Explain the significance of this feature.

    View Answer play_arrow
  • question_answer8) Explain the effects of 'maximum price ceiling' on the market of a good. Use diagram.

    View Answer play_arrow
  • question_answer9) A consumer spends Rs. 1000 on a good price at Rs. 8 per unit. When price rises by 25 percent, the consumer continues to spend same amount on the good. Calculate price elasticity of demand by percentage method.*-

    View Answer play_arrow
  • question_answer10)

    Define cost. State the relation between marginal cost and average variable cost.
    Or
    Define revenue. State the relation between marginal revenue and average revenue.

    View Answer play_arrow
  • question_answer11)

    A consumer consumes only two goods X and Y both priced at Rs. 3 per unit. If the consumer chooses a combination of these two goods with Marginal Rate of Substitution equal ?to 3, is the consumer in equilibrium? Give reasons. What will a rational consumer do in this situation? Explain.
    Or
    A consumer consumes only two goods X and Y whose prices are Rs. 4 and Rs. 5 per unit respectively. If the consumer chooses a combination of the two goods with marginal utility of X equal to 5 and that of Y equal to 4, is the consumer in equilibrium? Give reason. What will a rational consumer do in this situation? Use utility analysis.

    View Answer play_arrow
  • question_answer12) State the different phases of changes in Total Product and Marginal Product in the Law of Variable Proportions. Also show the same in a single diagram.

    View Answer play_arrow
  • question_answer13) Why is the equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Is it sufficient to ensure equilibrium? Explain.

    View Answer play_arrow
  • question_answer14) Market for a good is in equilibrium. The demand for the good 'increases'. Explain the chain of effects of this change.

    View Answer play_arrow
  • question_answer15) What is 'aggregate supply' in macroeconomics?

    View Answer play_arrow
  • question_answer16)

    The value of multiplier is: (choose the correct alternative)
    (a) \[\frac{1}{MPC}\] (b) \[\frac{1}{MPS}\]
    (c) \[\frac{1}{1-MPS}\] (d) \[\frac{1}{MPC-1}\]

    View Answer play_arrow
  • question_answer17)

    Borrowing in government budget is: (choose the correct alternative)
    (a) Revenue deficit (b) Fiscal deficit
    (c) Primary deficit (d) Deficit in taxes

    View Answer play_arrow
  • question_answer18)

    The non-tax revenue in the following is: (choose the correct alternative)
    (a) Export duty (b) Import duty
    (c) Dividends (d) Excise

    View Answer play_arrow
  • question_answer19)

    Other things remaining unchanged, when in a country the price of foreign currency rises, national income is: (choose the correct alternative)
    (a) Likely to rise
    (b) Likely to fall
    (c) Likely to rise and fall both
    (d) Not affected

    View Answer play_arrow
  • question_answer20) If Real GDP is Rs. 200 and Price Index (with base = 100) is 110, calculate Nominal GDP.

    View Answer play_arrow
  • question_answer21)

    Name the broad categories of transactions recorded in the 'capital account' of the Balance of Payments Accounts.
    Or
    Name the broad categories of transactions recorded in the 'current account' of the Balance of Payments Accounts.
     

    View Answer play_arrow
  • question_answer22) Where will sale of machinery to abroad be recorded in the Balance of Payments Accounts? Give reasons.

    View Answer play_arrow
  • question_answer23)

    Explain the 'bank of issue' function of the central bank.
    Or
    Explain 'Government's Bank' function of central bank.
     

    View Answer play_arrow
  • question_answer24) Government of India has recently launched 'Jan - Dhan Yojna' aimed at every household in the country to have at least one bank account. Explain how deposits made under the plan are going to affect national income of the country.

    View Answer play_arrow
  • question_answer25)

    An economy is in equilibrium. Calculate national income from the following.
    Autonomous consumption =100
    Marginal propensity to save = 0.2
    Investment expenditure = 200

    View Answer play_arrow
  • question_answer26)

    Giving reason explain how should the following be treated in estimation of national income:
    (i) Expenditure by a firm on payment of fees to a chartered accountant
    (ii) Payment of corporate tax by a firm
    (iii) Purchase of refrigerator by a firm for own use

    View Answer play_arrow
  • question_answer27)

    Explain the concept of Inflationary Gap. Explain the role of Repo Rate in reducing this gap.
    Or
    Explain the concept of Deflationary Gap and the role of 'Open Market Operations' in reducing this gap.
     

    View Answer play_arrow
  • question_answer28) Explain the role the government can play through the budget in influencing allocation of resources.

    View Answer play_arrow
  • question_answer29)

    Calculate National Income:
    (Rs. crores)
    (i) Personal tax 80
    (ii) Private final consumption expenditure 600
    (iii) Undistributed profits 30
    (iv) Private income 650
    (v) Government final consumption expenditure 100
    (vi) Corporate 50
    (vii) Net domestic fixed capital formation 70
    (viii) Net indirect tax 60
    (ix) Depreciation 14
    (x) Change in stock (-) 10
    (xi) Net imports 20
    (xii) Net factor income to abroad 10

    View Answer play_arrow

   


You need to login to perform this action.
You will be redirected in 3 sec spinner

Free
Videos