CBSE (Arts) Class 12CBSE
Share
Notifications

View all notifications

Economics All India Set 1 2013-2014 CBSE (Arts) Class 12 Question Paper Solution

Login
Create free account


      Forgot password?
Economics
All India Set 1
2013-2014 March
Marks: 100

[1]1

The government has started promoting foreign capital. What is its economic value in the context of Production Possibilities Frontier?

Concept: Concept of Foreign Exchange Rate
Chapter: [0.015] Balance of Payments
[1]2

Define an indifference curve.

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

Define marginal product.

Concept: Marginal Product
Chapter: [0.023] Producer Behaviour and Supply
[1]4

Define market supply.

Concept: Market Supply
Chapter: [0.023] Producer Behaviour and Supply
[1]5

What is imperfect oligopoly?

Concept: Market Forms - Imperfect Oligopoly
Chapter: [0.024] Forms of Market and Price Determination
[3]6

Why is Production Possibilities Curve concave? Explain

Concept: Concept of Production
Chapter: [0.023] Producer Behaviour and Supply
[3]7

When the price of a good falls from Rs 10 to Rs 8 per unit, its demand rises from 20 units to 24 units. What can you say about price elasticity of demand of the good through the expenditure approach?

Concept: Elasticity of Demand
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[3]8 | Attempt Any One
[3]8.1

Explain how technological progress is a determinant of supply of a good by a firm.

Concept: Supply Curve and Schedule
Chapter: [0.023] Producer Behaviour and Supply
[3]8.2

Explain how input prices are a determinant of supply of a good by a firm.

Concept: Market Supply
Chapter: [0.023] Producer Behaviour and Supply
[3]9

Define Average Revenue. Show that Average Revenue and Price are same.

Concept: Total, Average and Marginal Revenue
Chapter: [0.023] Producer Behaviour and Supply
[3]10

Why is the number of firms small in oligopoly? Explain.

Concept: Features of Oligopoly
Chapter: [0.024] Forms of Market and Price Determination
[4]11 | Attempt Any One
[4]11.1

A consumer consumes only two goods X and Y and is in equilibrium. Show that when the price of good X rises, the consumer buys less of good X. Use utility analysis.

Concept: Cardinal Approach (Utility Analysis)
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[4]11.2

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
[4]12

Give the meaning of "inferior" good and explain the same with the help of an example.

Concept: Change in Quantity Demand
Chapter: [0.022000000000000002] Consumer Equilibrium and Demand
[4]13

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
[6]14

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

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

Explain why is an indifference curve is Convex.

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

From the following information about a firm, find the firm's equilibrium output in terms of marginal cost and marginal revenue. Give reasons. Also, find profit at this output

Output (units) Total Revenue
(Rs)
Total Cost (Rs)
1 6 7
2 12 13
3 18 17
4 24 23
5 30 31
Concept: Total, Average and Marginal Revenue
Chapter: [0.023] Producer Behaviour and Supply
[6]16

A market for a product is in equilibrium. Demand for the product "decreases." Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram

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

What are time deposits?

Concept: Monetary Payments
Chapter: [0.013999999999999999] Money and Banking
[1]18

What is meant by inflationary gap?

Concept: Concept of Aggregate Demand and Aggregate Supply
Chapter: [0.011000000000000001] Determination of Income and Employment
[1]19

Give the meaning of full employment. 

Concept: Meaning of Full Employment
Chapter: [0.011000000000000001] Determination of Income and Employment
[1]20

Define fiscal deficit

Concept: Measures of Government Deficit Or Surpluses
Chapter: [0.016] Government Budget and the Economy
[1]21

Define foreign exchange rate.

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

Define externalities. Give an example of negative externality. What is its impact on welfare?

Concept: GDP and Welfare
Chapter: [0.012] National Income and Related Aggregates
[3]23 | Attempt Any One
[3]23.1

Explain the ‘unit of accounts’ function of money. How has it solved the related problem created by barter?

Concept: Function of Money - Primary Function
Chapter: [0.013999999999999999] Money and Banking
[3]23.2

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

Concept: Standard of Deferred Payment
Chapter: [0.013999999999999999] Money and Banking
[3]24

Is the following a revenue receipt or a capital receipt in the context of government budget and why?

Tax receipts

Concept: Classification of Receipts
Chapter: [0.016] Government Budget and the Economy

Is the following a revenue receipt or a capital receipt in the context of government budget and why?

Disinvestment

Concept: Classification of Receipts
Chapter: [0.016] Government Budget and the Economy
[3]25

Distinguish between 'autonomous' and accommodating' Balance of Payments transactions.

Concept: Concept of Balance of Payments Account
Chapter: [0.015] Balance of Payments
[3]26

The foreign exchange rate in India is on the rise recently. What impact is it likely to have on exports and how?

Concept: Concept of Foreign Exchange Rate
Chapter: [0.015] Balance of Payments
[4]27 | Attempt Any One
[4]27.1

Explain "Banker to the Government" function of the Central Bank.

Concept: Central bank Function - Goverment Bank
Chapter: [0.013999999999999999] Money and Banking
[4]27.2

Explain bankers bank function of a Central bank.

Concept: Central Bank Function - Banker's Bank
Chapter: [0.013999999999999999] Money and Banking
[4]28

Calculate Marginal Propensity to Consume from the following data about an economy

Which is an equilibrium:

National income = 2000

Autonomous Consumption expenditure = 200

Investment expenditure = 100

Concept: Consumption Function and Propensity to Save
Chapter: [0.011000000000000001] Determination of Income and Employment
[4]29

Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.

Concept: Government Budget - Allocation of Resources
Chapter: [0.016] Government Budget and the Economy
[6]30

Calculate 'Net National Product at Factor Cost' and 'Gross National Disposable Income' from the following:

    (Rs in Arab)
1 Social security contributions by employees 90
2 Wages and salaries 800
3 Net current transfers to abroad (-)30
4 Rent and royalty 300
5 Net factor income to abroad 50
6 Social security contributions by employers 100
7 Profit 500
8 Interest 400
9 Consumption of fixed capital 200
10 Net indirect tax 250
Concept: Aggregates Related to National Income - Net National Product (NNP)
Chapter: [0.012] National Income and Related Aggregates
[6]31

How should the following be treated in estimating the national income of a country? You must give a reason for your answer.

Taking care of aged parents

Concept: Concept of National Income
Chapter: [0.012] National Income and Related Aggregates

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

Payment of corporate tax by a firm

Concept: Concept of National Income
Chapter: [0.012] National Income and Related Aggregates

How should the following be treated in estimating the national income of a country? You must give the reason for your answer

Expenditure on providing police services by the government

Concept: Concept of National Income
Chapter: [0.012] National Income and Related Aggregates
[6]32 | Attempt Any One
[6]32.1

When is an economy in equilibrium?

Concept: Equilibrium Output
Chapter: [0.011000000000000001] Determination of Income and Employment

Explain with the help of Saving and Investment functions. Also, explain the changes that take place in an economy when the economy is not in equilibrium. Use diagram

Concept: Equilibrium Output
Chapter: [0.011000000000000001] Determination of Income and Employment
[6]32.2

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

Concept: Supply Curve and Schedule
Chapter: [0.023] Producer Behaviour and Supply

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 2013 - 2014

     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 2014 serve as a catalyst to prepare for your Economics board examination.
     Previous year Question paper for CBSE Class 12 Economics-2014 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×