Commerce (English Medium)
Arts (English Medium)
Academic Year: 2015-2016
Date & Time: 31st March 2016, 11:00 am
Duration: 3h
Advertisements
What is the relation between Average Variable Cost and Average Total Cost, if Total Fixed Cost is zero?
Chapter: [3] Production and Costs
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
Chapter:
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
Chapter:
Demand curve of a firm is perfectly elastic under: (Choose the correct alternative)
(a) Perfect competition
(b) Monopoly
(c) Monopolistic competition
(d) Oligopoly
Chapter:
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.
Chapter:
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.
Chapter:
What is minimum price ceiling? Explain its implications.
Chapter: [4] The Theory of the Firm Under Perfect Competition
If the prevailing market price is above the equilibrium price, explain its chain of effects.
Chapter: [4] The Theory of the Firm Under Perfect Competition
Define demand. Name the factors affecting market demand.
Chapter:
Define fixed cost. Give an example.
Chapter: [3] Production and Costs
What is the behaviour of average fixed cost as output is increased? Why is it so?
Chapter:
State the behaviour of marginal product when only one input is increased and other inputs are hold constant.
Chapter:
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.
Chapter:
Advertisements
Why do central problems of an economy arise?
Chapter: [1] Introduction
Answer the following question.
Explain the central problem for whom to produce.
Chapter: [1] Introduction
Explain the three properties of the indifference curves.
Chapter:
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.
Chapter:
Explain the implications of the following in a perfectly competitive market :
Large number of sellers
Chapter:
Explain the implications of the following in a perfectly competitive market :
Homogeneous products.
Chapter:
Explain the implications of the following in an oligopoly market: Barriers to entry of new firms
Chapter:
Explain the implications of the following in an oligopoly market: A few or a few big sellers
Chapter:
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
Chapter:
What are revenue receipts in a government budget?
Chapter:
Primary deficit equals : (Choose the correct alternative)
(a) Borrowings
(b) Interest payments
(c) Borrowings less interest payments
(d) Borrowings and interest payments both
Chapter:
Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called ______.
Current transactions
Capital transactions
Autonomous transactions
Accommodating transactions
Chapter:
Advertisements
Assuming real income to be Rs 200 crore and price index to be 135, calculate nominal income.
Chapter:
Explain how controlling money supply is helpful in reducing excess demand.
Chapter:
An economy is in equilibrium. Calculate Marginal Propensity to Consume :
National income = 1000
Autonomous consumption expenditure = 200
Investment expenditure = 100
Chapter:
Sale of petrol and diesel cars is rising particularly in big cities. Analyse its impact on gross domestic product and welfare.
Chapter: [2] National Income Accounting
Explain the 'medium of exchange' function of money. How has it solved the related problem created by barter?
Chapter: [3] Money and Banking
Explain the 'standard of deferred payment' function of money. How has it solved the related problem created by barter?
Chapter:
Explain how 'Repo Rate' can be helpful in controlling credit creation.
Chapter:
Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.
Chapter: [5] Government Budget and the Economy
Explain how taxes and government expenditure can be used to influence revenue expenditure and capital expenditure?
Chapter: [5] Government Budget and the Economy
What is the difference between direct tax and indirect tax?
Chapter:
Answer the following question.
Explain the role of government budget in influencing the allocation of resources.
Chapter:
Given saving curve, derive consumption curve and state the steps in doing so. Use diagram.
Chapter:
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.
Chapter:
Find Gross National Product at Market Price and Private Income:
| Rs. in crore | ||
| 1 | Private final consumption expenditure | 800 |
| 2 | Net Current transaction to abroad | 20 |
| 3 | Net factor income to abroad | (-)10 |
| 4 | Government final consumption expenditure | 300 |
| 5 | Net indirect tax | 150 |
| 6 | Net domestic capital formation | 200 |
| 7 | Current transfer to government | 40 |
| 8 | Depreciation | 100 |
| 9 | Net imports | 30 |
| 10 | Income accruing to government | 90 |
| 11 | National debt interest | 50 |
Chapter:
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 2015 - 2016
Previous year Question paper for CBSE Class 12 Economics-2016 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.
