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ISC (Commerce) कक्षा १२ - CISCE Question Bank Solutions

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Calculate GDPmp and NNPfc by Value Added method from the following data.

  PARTICULARS (₹crores)
(i) Net value added at factor cost in the Primary sector 6000
(ii) Net value added at factor cost in the Secondary sector 4000
(iii) Net value added at factor cost in the Tertiary sector 4500
(iv) Net Factor Income from Abroad (-) 50
(v) Net Indirect taxes 150
(vi) Intermediate consumption 2500
(vii) Depreciation 500
[31] National Income Aggregates
Chapter: [31] National Income Aggregates
Concept: undefined >> undefined

Calculate GNPMP and NNPFc from the following data by Expenditure Method.

  PARTICULARS (₹ crores)
(i) Mixed income of self employed 550
(ii) Private Final Consumption Expenditure 1100
(iii) Net factor income from abroad (-)120
(iv) Net indirect taxes 250
(v) Consumption of fixed capital 270
(vi) Net domestic capital formation 480
(vii) Net exports (-)130
(viii) Interest 300
(ix) Government Final Consumption Expenditure 650
[31] National Income Aggregates
Chapter: [31] National Income Aggregates
Concept: undefined >> undefined

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Calculate GDPmp and NNPfc from the following data:

  Items ₹ (in Crore)
(i) Wages & salaries 170
(ii) Rent 10
(iii) Interest 20
(iv) Profits 25
(v) Dividend 12
(vi) Royalty 5
(vii) Employer’s contribution to social security 30
(viii) Net factor income from abroad (-) 3
(ix) Consumption of fixed capital 34
(x) Net indirect tax 38
[31] National Income Aggregates
Chapter: [31] National Income Aggregates
Concept: undefined >> undefined

Find the value of additional investment made by the government when MPC = 0.5 and the increase in income (ΔY) = ₹ 1000.

[16] Theory of Income and Employment
Chapter: [16] Theory of Income and Employment
Concept: undefined >> undefined

Answer the following question.
Discuss two qualitative methods of credit control.

[26] Banks: Commercial Bank and Central Bank
Chapter: [26] Banks: Commercial Bank and Central Bank
Concept: undefined >> undefined

From the following data, calculate GNPMP and NNPFC by Expenditure Method.

  ₹ (in crore)
(i) Mixed income of self-employed 450 crores
(ii) Compensation of employees 550 crores
(iii) Private final consumption expenditure 1000 crores
(iv) Net factor income from abroad (−)20 crores
(v) Net indirect taxes 150 crores
(vi) Consumption of fixed capital 170 crores
(vii) Net domestic capital formation 380 crores
(viii) Net exports (−)30 crores
(ix) Profits 400 crores
(x) Rent 150 crores
(xi) Interest 200 crores
(xii) Government final consumption expenditure 550 crores
[32] Methods of Measuring National Income
Chapter: [32] Methods of Measuring National Income
Concept: undefined >> undefined

Differentiate between Cash Credit and Outright Loans.

[26] Banks: Commercial Bank and Central Bank
Chapter: [26] Banks: Commercial Bank and Central Bank
Concept: undefined >> undefined

Discuss the mechanism of investment multiplier with the help of a numerical.

[16] Theory of Income and Employment
Chapter: [16] Theory of Income and Employment
Concept: undefined >> undefined

Explain the concept of Investment Multiplier using a diagram.

[16] Theory of Income and Employment
Chapter: [16] Theory of Income and Employment
Concept: undefined >> undefined

Mention any one difference between Induced investment and Autonomous investment.

[16] Theory of Income and Employment
Chapter: [16] Theory of Income and Employment
Concept: undefined >> undefined

State whether the following items will be included in the estimation of National Income or not: Give a reason for your answer.

Government expenditure on street lighting.

[32] Methods of Measuring National Income
Chapter: [32] Methods of Measuring National Income
Concept: undefined >> undefined

Illustrate that the investment multiplier is inversely proportional to MPS.

[16] Theory of Income and Employment
Chapter: [16] Theory of Income and Employment
Concept: undefined >> undefined

Explain the different components of Final Expenditure in calculating the National income by Expenditure method.

[32] Methods of Measuring National Income
Chapter: [32] Methods of Measuring National Income
Concept: undefined >> undefined

Explain the law of variable proportions with the help of a diagram.

[7] Laws of Returns: Returns to a Factor and Returns to Scale
Chapter: [7] Laws of Returns: Returns to a Factor and Returns to Scale
Concept: undefined >> undefined

Which one of the following is NOT a ceteris paribus assumption of the Law of Supply?

[7] Laws of Returns: Returns to a Factor and Returns to Scale
Chapter: [7] Laws of Returns: Returns to a Factor and Returns to Scale
Concept: undefined >> undefined

When the Marginal Product turns negative, Total Product will ______.

[7] Laws of Returns: Returns to a Factor and Returns to Scale
Chapter: [7] Laws of Returns: Returns to a Factor and Returns to Scale
Concept: undefined >> undefined

Why is the AVC curve U-shaped?

[7] Laws of Returns: Returns to a Factor and Returns to Scale
Chapter: [7] Laws of Returns: Returns to a Factor and Returns to Scale
Concept: undefined >> undefined

At the point of inflexion, ______ is maximum.

[7] Laws of Returns: Returns to a Factor and Returns to Scale
Chapter: [7] Laws of Returns: Returns to a Factor and Returns to Scale
Concept: undefined >> undefined

Figures (A), (B) and (C) given below represent different types of Demand curves.

(A) (B) (C)

What kind of goods do each of these Demand curves represent? Give a reason for each of the curves.

[2] Demand and Law of Demand
Chapter: [2] Demand and Law of Demand
Concept: undefined >> undefined

With the help of a diagram, explain the relationship between Average Product and Total Product under the Law of Variable Proportions.

[7] Laws of Returns: Returns to a Factor and Returns to Scale
Chapter: [7] Laws of Returns: Returns to a Factor and Returns to Scale
Concept: undefined >> undefined
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