Solved papers for 12th Class Economics Solved Paper - Economics 2017 Outside Delhi Set-III

done Solved Paper - Economics 2017 Outside Delhi Set-III

  • question_answer1) Explain the problem of 'what to produce'.

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  • question_answer2)

    Complete the following table:
    Output (units) Average Fixed Cost (Rs.) Average Variable Cost (Rs.) Marginal Cost (Rs.) Total Cost (Rs.)
    1 120 40 ... ...
    2 60 56 ... 232
    3 ... 54 ... ...
    4 30 ... 54 ...
    5 ... ... ... 1
     

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  • question_answer3)

    From the following data find out the level of output that will give the producer maximum profit (use marginal cost and marginal revenue approach). Give reasons for your answer.
    Output (units) 1 2 3 4 5
    Total Cost (Rs.) 9 17 24 29 36
    Total Revenue (Rs.) 11 20 27 32 35

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  • question_answer4) Define revenue deficit.

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  • question_answer5) Define marginal propensity to save.

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  • question_answer6) Distinguish between stocks and flow. Give an example of each.

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  • question_answer7) What are non-debt creating capital receipt? Give two example of such receipt.

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  • question_answer8)

    Calculate the (a) Gross National Product a; market price
    (Rs in crores)
    (i) Compensation of employees 2500
    (ii) Pro61 700
    (iii) Mixed income of self?employed 7,500
    (iv) Government final consumption expenditure 3,000
    (v) Rent 400
    (vi) Interest 350
    (vii) Net factor income from abroad 50
    (viii) Net current transfers to abroad 100
    (ix) Net indirect taxes 150
    (x) Depreciation 70
    (xi) Net exports 40

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Solved Paper - Economics 2017 Outside Delhi Set-III
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