CBSE (Arts) Class 12CBSE
Share
Notifications

View all notifications

Economics Delhi Set 1 2011-2012 CBSE (Arts) Class 12 Question Paper Solution

Login
Create free account


      Forgot password?
Economics [Delhi Set 1]
Marks: 100Date: 2011-2012 March

[1]1

Give meaning of an economy.

Concept: What is an Economy?
Chapter: [0.021] Introduction
[1]2

Given the meaning of market demand.

Concept: Market Demand
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[1]3

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

Concept: Cost - Average Fixed Cost
Chapter: [0.023] Producer Behaviour and Supply
[1]4

What is the behaviour of average revenue in a market in which a firm can sell more only by lowering the price?

Concept: Total, Average and Marginal Revenue
Chapter: [0.023] Producer Behaviour and Supply
[1]5

What is a price taker firm?

Concept: Features of Perfect Competition
Chapter: [0.024] Forms of Market and Price Determination
[3]6

What is opportunity cost? Explain with the help of a numerical example.

Concept: Concept of Opportunity Cost
Chapter: [0.021] Introduction [0.023] Producer Behaviour and Supply
[3]7

Given the price of a good, how does a consumer decide as to how much of the good to buy?

Concept: Consumer'S Equilibrium
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[3]8

Draw Average Variable Cost, Average Total Cost ad Marginal Cost curves in a single diagram.

Concept: Relationship Between Average Variable Cost and Average Total Cost and Marginal Cost
Chapter: [0.023] Producer Behaviour and Supply
[3]9

An individual is both the owner and the manager of a shop taken on rent. Identify implicit cost and explicit cost from this information. Explain

Concept: Basic Concepts of Cost
Chapter: [0.023] Producer Behaviour and Supply
[3]10 | Attempt Any One
[3]10.1

Explain ‘large number of buyers and sellers' features of a perfectly competitive market.

Concept: Features of Perfect Competition
Chapter: [0.024] Forms of Market and Price Determination
[3]10.2

Why are the firms said to be interdependent in an oligopoly market? Explain.

Concept: Main Market Forms
Chapter: [0.024] Forms of Market and Price Determination
[4]11

Define an indifference curve.

Concept: Indifference Curve
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand

Explain why an indifference curve is downward sloping from left to right.

Concept: Indifference Curve
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[4]12

When price of good is Rs7 per unit a consumer buys 12 units. When price falls to Rs6 per unit he spends Rs72 on the good. Calculate price elasticity of demand by using the percentage method. Comment on the likely shape of demand curve based on this measure of elasticity.

Concept: Measurement of Elasticity of Demand
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[4]13 | Attempt Any One
[4]13.1

State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour

Concept: Law of Variable Proportions
Chapter: [0.023] Producer Behaviour and Supply
[4]13.2

Explain how changes in prices of other products influence the supply of a given product.

Concept: Effects of Shifts in Demand and Supply
Chapter: [0.024] Forms of Market and Price Determination
[6]14

Explain how do the following influence demand for a good:
i. Rise in income of the consumer.
ii. Fall in prices of the related goods

Concept: Demand Curve and Its Slope
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[6]15

Explain the conditions of a producer's equilibrium in terms of marginal cost and marginal revenue. Use diagram.

Concept: Concept of Producer's Equilibrium
Chapter: [0.023] Producer Behaviour and Supply
[6]16 | Attempt Any One
[6]16.1

A market for a good is in equilibrium. There is simultaneous "increase" both in demand and supply of the good. Explain its effect on the market price

Concept: Market Equilibrium
Chapter: [0.024] Forms of Market and Price Determination
[6]16.2

Market for a good is in equilibrium. There is simultaneous "decrease" both in demand and supply of the good. Explain its effect on market price

Concept: Market Equilibrium
Chapter: [0.024] Forms of Market and Price Determination
[1]17

Define stock variable

Concept: Basic Concepts - Stocks and Flows
Chapter: [0.012] National Income and Related Aggregates
[1]18

Define capital goods.

Concept: Basic Concepts - Capital Goods
Chapter: [0.012] National Income and Related Aggregates
[1]19

What are demand deposits?

Concept: Currency Held by the Public and Net Demand Deposits Held by Commercial Banks
Chapter: [0.013999999999999999] Money and Banking
[1]20

Define a Tax.

Concept: Direct and Indirect Tax
Chapter: [0.016] Government Budget and the Economy
[1]21

Give meaning of managed floating exchange rate.

Concept: Concept of Foreign Exchange Rate
Chapter: [0.015] Balance of Payments
[3]22

Calculate Gross Value Added at Factor Cost:

i Units of output sold (units) 1,000
ii Price per unit of output (Rs) 30
iii. Depreciation (Rs) 1,000
iv. Intermediate cost (Rs) 12,000
v. Closing stock (Rs) 3,000
vi. Opening stock (Rs) 2,000
vii. Excise (Rs) 2,500
viii. Sales tax (Rs) 3,500

 

Concept: Aggregates Related to National Income - Gross Value Added and Net Value Added
Chapter: [0.012] National Income and Related Aggregates
[3]23

Explain the ‘store of value’ function of money. How has solved the related problem created by barter?

Concept: Money - Store of Value
Chapter: [0.013999999999999999] Money and Banking
[3]24

Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.

Concept: Concept of Aggregate Demand and Aggregate Supply
Chapter: [0.011000000000000001] Determination of Income and Employment
[3]25

Find national income from the following:

Autonomous consumption = Rs100
Marginal propensity to consume = 0.80
Investment = Rs 50

Concept: Concept of National Income
Chapter: [0.012] National Income and Related Aggregates
[3]26 | Attempt Any One
[3]26.1

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

Concept: Classification of Expenditure
Chapter: [0.016] Government Budget and the Economy
[3]26.2

Explain the role of Government budget in allocation of resources.

Concept: Government Budget - Allocation of Resources
Chapter: [0.016] Government Budget and the Economy
[4]27

Giving reason explain how should the following be treated in estimating national income:

i. Expenditure on fertilizers by a farmer.
ii. Purchase of tractor by a farmer.

Concept: Concept of National Income
Chapter: [0.012] National Income and Related Aggregates
[4]28 | Attempt Any One
[4]28.1

Explain the components of Legal reserve Ratio.

Concept: Commercial Banks
Chapter: [0.013999999999999999] Money and Banking
[4]28.2

Explain bankers bank function of a Central bank.

Concept: Central Bank Function - Banker's Bank
Chapter: [0.013999999999999999] Money and Banking
[4]29

Explain 'Revenue Deficit in a Government budget? What does it indicate?

Concept: Measures of Government Deficit Or Surpluses
Chapter: [0.016] Government Budget and the Economy
[6]30

Find out (a) national income and (b) net national disposable income:

S. No.                            Items                                                    (Rs crores)

i.            Factor income from abroad                                                  15
ii.           Private final consumption expenditure                                  600
iii.          Consumption of fixed capital                                                50
iv.          Government final consumption expenditure                         200
v.           Net current transfers to abroad                                           (-) 5
vi.          Net domestic fixed capital formation                                    110
vii.         Net factor income to abroad                                                10
viii.        Net imports                                                                     (-) 20
ix.          Net indirect tax                                                                   70
x.          Change in stocks                                                              (-) 10

Concept: National Disposable Income (Gross and Net)
Chapter: [0.012] National Income and Related Aggregates
[6]31 | Attempt Any One
[6]31.1

Explain the concept of 'excess demand' in macroeconomics. Also explain the role of 'open market operation' in correcting it.

Concept: Concept of Aggregate Demand and Aggregate Supply
Chapter: [0.011000000000000001] Determination of Income and Employment
[6]31.2

Explain the concept of 'deficient demand' in macroeconomics.

Concept: Concept of Aggregate Demand and Aggregate Supply
Chapter: [0.011000000000000001] Determination of Income and Employment

explain the role of Bank Rate in correcting deficient demand?

Concept: Concept of Aggregate Demand and Aggregate Supply
Chapter: [0.011000000000000001] Determination of Income and Employment
[6]32

Explain the distinction between autonomous and accommodating transactions in balance of payments. Also explain the concept of balance of payments 'deficit' in this context

Concept: Concept of Balance of Payments Account
Chapter: [0.015] Balance of Payments

Request Question Paper

If you dont find a question paper, kindly write to us





      View All Requests

Submit Question Paper

Help us maintain new question papers on Shaalaa.com, so we can continue to help students




only jpg, png and pdf files

CBSE previous year question papers Class 12 Economics with solutions 2011 - 2012

     CBSE Class 12 Economics question paper solution is key to score more marks in final exams. Students who have used our past year paper solution have significantly improved in speed and boosted their confidence to solve any question in the examination. Our CBSE Class 12 Economics question paper 2012 serve as a catalyst to prepare for your Economics board examination.
     Previous year Question paper for CBSE Class 12 Economics-2012 is solved by experts. Solved question papers gives you the chance to check yourself after your mock test.
     By referring the question paper Solutions for Economics, you can scale your preparation level and work on your weak areas. It will also help the candidates in developing the time-management skills. Practice makes perfect, and there is no better way to practice than to attempt previous year question paper solutions of CBSE Class 12.

How CBSE Class 12 Question Paper solutions Help Students ?
• Question paper solutions for Economics will helps students to prepare for exam.
• Question paper with answer will boost students confidence in exam time and also give you an idea About the important questions and topics to be prepared for the board exam.
• For finding solution of question papers no need to refer so multiple sources like textbook or guides.
S
View in app×