Solved papers for 12th Class Economics Solved Paper - Economics 2016 Outside Delhi Set-III

done Solved Paper - Economics 2016 Outside Delhi Set-III Total Questions - 9

• question_answer1) What happens to the difference between Total Cost and Total Variable Cost as output is increased?
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• question_answer2) When does 'shift' in supply curve take place?
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• question_answer3) A consumer consumes only two goods X and Y. The marginal utilities of X and of Y is 3. Prices of X and Y are Rs. 2 and Rs. 1 respectively. Is consumer in equilibrium? What will be further reaction of the consumer? Give reasons.
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• question_answer4) When price of a good rises from Rs 8 per unit to Rs10 per unit, producer supplies 40 units more. Price elasticity of supply is 2. What is the quantity supplied before the price change? Calculate.
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• question_answer5) Distinguish between individual's demand and market demand. Name the factors affecting demand for a good by an individual.
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• question_answer6) What are capital receipts in a government budget.
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• question_answer7) 

  An economy is in equilibrium. Find investment expenditure:

  National Income                                  = 1000

  Autonomous Consumption     = 100

  Marginal Propensity to consume          = 0.8

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• question_answer8) If real income is Rs 400 and price index is 105, calculate nominal income.
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• question_answer9) 

  Calculate National Income:
  		(Rs. Crores)
  (i)	Corporation tax	100
  (ii)	Private final consumption expenditure	900
  (iii)	Personal Income tax	120
  (iv)	Government final Consumption expenditure	200
  (v)	Undistributed profits	50
  (vi)	Change in stocks	\[()20\]
  (vii)	Net domestic fixed capital formation	120
  (viii)	Net imports	10
  (ix)	Net indirect tax	150
  (x)	Net factor income from abroad	\[()10\]
  (xi)	Private income	1000

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