shaalaa.com
S

Question Paper - Economics 2015 - 2016-CBSE 12th-Class 12 CBSE (Central Board of Secondary Education) (CBSE)

Account
User


Login
Register


      Forgot password?
Share
Notifications

View all notifications
Books Shortlist
Your shortlist is empty
SubjectEconomics
Year2015 - 2016 (March)

Alternate Sets

         

Marks: 100
Q: 1[1]

What is the relation between Average Variable Cost and Average Total Cost, if Total Fixed Cost is zero?

view solution
Q: 2[1]

A firm is able to sell any quantity of a good at a given price. The firm's marginal revenue will be : (Choose the correct alternative):

(a) Greater than Average Revenue

(b) Less than Average Revenue

(c) Equal to Average Revenue

(d) Zero

view solution
Q: 3[1]

When does 'change in demand' take place?

view solution
Q: 4[1]

Differentiated products is a characteristic of: (Choose the correct alternative):

(a) Monopolistic competition only

(b) Oligopoly only

(c) Both monopolistic competition and oligopoly

(d) Monopoly

view solution
Q: 5[1]

Demand curve of a firm is perfectly elastic under: (Choose the correct alternative)

(a) Perfect competition

(b) Monopoly

(c) Monopolistic competition

(d) Oligopoly

view solution
Q: 6[3]

A consumer consumes only two goods X and Y. Marginal utilities of X and Y is 3 and 4 respectively. Prices of X and Y are Rs 4 per unit each. Is consumer in equilibrium? What will be further reaction of the consumer? Give reasons.

view solution
Q: 7[3]

What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is (a) Zero, (b)-1, (c)-2.

view solution
Q: 8 | Attempt any ONE[3]
Q: 8.1[3]

What is minimum price ceiling? Explain its implications.

Explain the meaning of ‘minimum’ price ceiling and its implications.

view solution
Q: 8.2[3]

If the prevailing market price is above the equilibrium price, explain its chain of effects.

view solution
Q: 9[4]

Define demand. Name the factors affecting market demand.

Name the factors affecting demand for a good by an individual.

view solution
Q: 10 | Attempt any ONE[4]
Q: 10.1[4]

Define fixed cost. Give an example.

view solution

What is the behaviour of average fixed cost as output is increased? Why is it so?

Explain with reason the behaviour of Average Fixed Cost as output is increased.

view solution
Q: 10.2[4]

Define marginal product.

view solution

State the behaviour of marginal product when only one input is increased and other inputs are hold constant.

view solution
Q: 11[4]

When price of a commodity falls from Rs 12 per unit to Rs 9 per unit, the producer supplies 75 percent less output. Calculate price elasticity of supply.

view solution
Q: 12[6]

Why do central problems of an economy arise?

view solution

Explain the central problem 'for whom to produce.

view solution
Q: 13[6]

Explain the three properties of the indifference curves.

view solution
Q: 14[6]

Examine the effect of (a) fall in the own price of good X and (b) rise in tax rate on good X, on the supply curve. Use diagrams.

view solution
Q: 15 | Attempt any ONE[6]
Q: 15.1[6]
Q: 15.1.1[3]

Explain the implications of the following in a perfectly competitive market :

Large number of sellers

Explain the implications of the following:

Large number of sellers in perfect competition.

view solution
Q: 15.1.2[3]

Explain the implications of the following in a perfectly competitive market :

Homogeneous products.

view solution
Q: 15.2[6]
Q: 15.2.1[3]

Explain the implications of the following in an oligopoly market:

Barriers to entry of new firms

view solution
Q: 15.2.2[3]

Explain the implications of the following in an oligopoly market:

A few or a few big sellers

view solution
Q: 16[1]

Define flows.

view solution
Q: 17[1]

National income is the sum of factor incomes accruing to : (Choose the correct alternative)

(a) Nationals

(b) Economic territory

(c) Residents

(d) Both residents and non-residents

view solution
Q: 18[1]

What are revenue receipts in a government budget?

Define Revenue receipts in government budget.

What are revenue receipts?

view solution
Q: 19[1]

Primary deficit equals : (Choose the correct alternative)

(a) Borrowings

(b) Interest payments

(c) Borrowings less interest payments

(d) Borrowings and interest payments both

view solution
Q: 20[1]

Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called : (Choose the correct alternative)

(a) Current transactions

(b) Capital transactions

(c) Autonomous transactions

(d) Accommodating transactions

view solution
Q: 21[3]

Assuming real income to be Rs 200 crore and price index to be 135, calculate nominal income.

view solution
Q: 22 | Attempt any ONE[3]
Q: 22.1[3]

What is aggregate demand?

view solution

State components of Aggregate demand ?

view solution
Q: 22.2[3]

Explain how controlling money supply is helpful in reducing excess demand.

view solution
Q: 23[3]

An economy is in equilibrium. Calculate Marginal Propensity to Consume :

National income = 1000

Autonomous consumption expenditure = 200

Investment expenditure = 100

view solution
Q: 24[4]

Sale of petrol and diesel cars is rising particularly in big cities. Analyse its impact on gross domestic product and welfare.

view solution
Q: 25 | Attempt any ONE[4]
Q: 25.1[4]

Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?

view solution
Q: 25.2[4]

Explain the 'standard of deferred payment' function of money. How has it solved the related problem created by barter?

view solution
Q: 26[4]

Explain how 'Repo Rate' can be helpful in controlling credit creation.

Explain the role of Reverse Repo Rate in controlling credit creation.

view solution
Q: 27 | Attempt any ONE[6]
Q: 27.1[6]

Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.

What is the difference between revenue expenditure and capital expenditure?

view solution

Explain how taxes and government expenditure can be used to influence revenue expenditure and capital expenditure?

view solution
Q: 27.2[6]

What is the difference between direct tax and indirect tax?

view solution

Explain the role of government budget in influencing allocation of resources.

Explain the role of government budget in influencing allocation of resources in the economy.

view solution
Q: 28[6]

Given saving curve, derive consumption curve and state the steps in doing so. Use diagram.

view solution
Q: 29[6]

Indian investors lend abroad. Answer the following questions :

(a) In which sub-account and on which side of the Balance of Payments Account such lending is recorded? Give reasons.

(b) Explain the impact of the lending on market exchange rate.

view solution
Q: 30[6]

Find Gross National Product at Market Price and Private Income:

  Rs. in crore
1Private final consumption expenditure800
2Net Current transaction to abroad20
3Net factor income to abroad(-)10
4Government final consumption expenditure300
5Net indirect tax150
6Net domestic capital formation200
7Current transfer to government40
8Depreciation100
9Net imports30
10Income accruing to government90
11National debt interest50
view solution

Other Solutions

NCERT Chemistry Textbook for Class 12 Part 1
NCERT Chemistry Textbook for Class 12 Part 2
NCERT Mathematics Textbook for Class 12 Part 1
NCERT Physics Textbook for Class 12 Part 1
NCERT Physics Textbook for Class 12 Part 2
R.D. Sharma Mathematics Vol. 1 & 2 Class - 12
S