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

done Solved Paper - Economics 2015 Outside Delhi Set-II Total Questions - 8

• 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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