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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Solved Paper - Economics 2016 Outside Delhi Set-III


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