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

done Solved Paper - Economics 2015 Outside Delhi Set-II

  • question_answer1) Define budget line.

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  • question_answer2)

    Giving reasons comment on the shape of Production Possibilities curve based on the following schedule:
    Good X (units) Good Y (units)
    0 16
    1 12
    2 8
    3 4
    4 0

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  • question_answer3) Explain the implication of non-price competition in an oligopoly market.

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  • question_answer4) A consumer spends Rs. 100 on a good priced at Rs. 4 per unit. When its price falls by 25 percent, the consumer spends Rs. 75 on the good. Calculate the price elasticity of demand by the Percentage method.

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  • question_answer5) Market for a good is in equilibrium. The supply of the good increases. Explain the chain of effects of this change.

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  • question_answer6) If the Real GDP is Rs. 500 and Price Index (base = 100) is 125, calculate the Nominal GDP.

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  • question_answer7)

    An economy is in equilibrium. Calculate the Marginal Propensity to Save from the following:
    National income = 1,000
    Autonomous consumption = 100
    Investment = 120
     

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  • question_answer8)

    Calculate 'Net National Product at Market Price':                                              
    (Rs. crores)
    (i) Transfers payments by governments 7
    (ii) Government final consumption expenditure 50
    (iii) Net imports (-)10
    (iv) Net domestic fixed capital formation 60
    (v) Private final consumption expenditure 300
    (vi) Private income 280
    (vii) Net factor income to abroad (-)5
    (viii) Closing stock 8
    (ix) Opening stock 8
    (x) Depreciation 12
    (xi) Corporate tax 60
    (xii) Retained earnings of corporations 20
     

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Solved Paper - Economics 2015 Outside Delhi Set-II
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