Date: March 2013
Give two examples of variable costs.
Chapter: [0.03] Producer Behaviour and Supply
Given the meaning of market demand.
Chapter: [0.02] Consumer Equilibrium and Demand
Under which market form a firm's marginal revenue is always equal to price?
Chapter: [0.03] Producer Behaviour and Supply
When is the demand for a good said to be inelastic?
Chapter: [0.02] Consumer Equilibrium and Demand
Define marginal cost.
Chapter: [0.03] Producer Behaviour and Supply
Explain the law of diminishing marginal utility with the help of a total utility schedule.
Chapter: [0.02] Consumer Equilibrium and Demand
Explain the condition of consumer's equilibrium with the help of utility analysis.
Chapter: [0.02] Consumer Equilibrium and Demand
Explain the difference between an inferior good and a normal good.
Chapter: [0.02] Consumer Equilibrium and Demand
A firm’s revenue rises from Rs 400 to Rs 500 when the price of its product rises from Rs 20 per unit to Rs 25 per unit. Calculate the price elasticity of supply.
Chapter: [0.03] Producer Behaviour and Supply
Complete the following table:
|
Output (Units) |
Average Cost (Rs) |
Marginal Cost (Rs) |
|
1 |
12 |
……. |
|
2 |
10 |
…….. |
|
3 |
……. |
10 |
|
4 |
10.5 |
…….. |
|
5 |
11 |
…….. |
|
6 |
…….. |
17 |
Chapter: [0.03] Producer Behaviour and Supply
Explain any two features of monopoly market.
Chapter: [0.04] Forms of Market and Price Determination
Production in an economy is below its potential due to unemployment. Government starts employment generation schemes. Explain its effect using production possibilities curve.
Chapter: [0.01] Introduction
The demand for good rises by 20 percent as a result of all in its price. Its price elasticity of demand is (−) 0.8. Calculate the percentage fall in price.
Chapter: [0.02] Consumer Equilibrium and Demand
How is price elasticity of demand affected by:
(i) Number of substitutes of available for the good.
(ii) Nature of the good.
Chapter: [0.02] Consumer Equilibrium and Demand
Explain the conditions of producer’s equilibrium with the help of a numerical example.
Chapter: [0.03] Producer Behaviour and Supply
Explain the conditions of consumer’s equilibrium using indifference curve analysis.
Chapter: [0.02] Consumer Equilibrium and Demand
Explain the relationship between
(i) Prices of other goods and demand for the given good.
(ii) Income of the buyers and demand for a good.
Chapter: [0.02] Consumer Equilibrium and Demand
Giving reason, state whether the following statement is true or false.
When equilibrium price of a good is less than its market price, there will be competition among the sellers.
Chapter: [0.04] Forms of Market and Price Determination
Giving reason, state whether the following statement is true or false.
A Monopolist can sell any quantity he likes at a price.
Chapter: [0.04] Forms of Market and Price Determination
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
Chapter: [0.03] Producer Behaviour and Supply
What is government budget?
Chapter: [0.05] Government Budget and the Economy
Give two examples of indirect taxes.
Chapter: [0.05] Government Budget and the Economy
Define externalities. Give an example of negative externality. What is its impact on welfare?
Chapter: [0.02] National Income and Related Aggregates
How can increase in foreign direct investment affect the price of foreign exchange?
Chapter: [0.06] Open Economy Macroeconomics
What are demand deposits?
Chapter: [0.03] Money and Banking
Distinguish between balance of trade and balance on current account?
Chapter: [0.06] Open Economy Macroeconomics
Explain the effect of appreciation of domestic currency on imports.
Chapter: [0.06] Open Economy Macroeconomics
Explain the problem of double coincidence of wants faced under barter system. How has money solved it?
Chapter: [0.03] Money and Banking
Explain any one objective of Government Budget.
Chapter: [0.05] Government Budget and the Economy
Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.
Chapter: [0.05] Government Budget and the Economy
Distinguish between revenue deficit and fiscal deficit.
Chapter: [0.05] Government Budget and the Economy
Giving reasons categories the following into stock and flow:-
(i) Capital
(ii) Saving
(iii) Gross domestic product
(iv) Wealth
Chapter: [0.02] National Income and Related Aggregates
Explain the circular flow of income.
Chapter: [0.02] National Income and Related Aggregates
How do commercial banks create deposits? Explain.
Chapter: [0.03] Money and Banking
Calculate 'sales' from the following data:-
| S. No. | Particulars | (Rs in laths) |
| (i) | Net value added at factor cost | 560 |
| (ii) | Depreciation | 60 |
| (iii) | Change in stock | (-)30 |
| (iv) | Intermediate cost | 1000 |
| (v) | Exports | 200 |
| (vi) | Indirect taxes | 60 |
Chapter: [0.02] National Income and Related Aggregates
In an economy, S = −100 + 0.6 Y is the saving function, where S is Saving and Y is National Income. If investment expenditure is 1,100, calculate:
(1) Equilibrium level of National Income
(2) Consumption expenditure at equilibrium level of National Income.
Chapter: [0.02] National Income and Related Aggregates
Calculate National Income from the following data:
| S.No. | Particulars | Rs.in crores |
| (i) | Private final consumption expenditure | 900 |
| (ii) | Profit | 100 |
| (iii) | Government final consumption expenditure | 400 |
| (iv) | Net indirect taxes | 100 |
| (v) | Gross domestic capital formation | 250 |
| (vi) | Change in stock | 50 |
| (vii) | Net factor income from abroad | (-)40 |
| (viii) | Consumption of fixed capital | 20 |
| (ix) | Net imports | 30 |
Chapter: [0.02] National Income and Related Aggregates
Calculate net national disposable income from the following data:-
| S.No. | Particulars | Rs. in crores |
| (i) | Gross domestic product at market price | 2000 |
| (ii) | Net current transfers to rest of the world | (-)200 |
| (iii) | Net indirect taxes | 150 |
| (iv) | Net factor income to abroad | 60 |
| (v) | National debt interest | 70 |
| (vi) | Consumption of fixed capital | 200 |
| (vii) | Current transfers from Government | 150 |
Chapter: [0.02] National Income and Related Aggregates
Complete the following table:-
| Income (Rs) | Consumption expenditure (Rs) | Marginal propensity to save | Average propensity to save |
| 0 | 80 | ||
| 100 | 140 | 0.4 | ....... |
| 200 | ........ | ...... | 0 |
| ....... | 240 | ........ | 0.20 |
| ......... | 260 | 0.8 | 0.35 |
Chapter: [0.04] Determination of Income and Employment
Other Solutions
Submit Question Paper
Help us maintain new question papers on Shaalaa.com, so we can continue to help studentsonly jpg, png and pdf files
CBSE previous year question papers Class 12 Economics with solutions 2012 - 2013
Previous year Question paper for CBSE Class 12 Economics-2013 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.
