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1st October 2014, 01:33 PM
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Join Date: Apr 2013
Re: Question Paper of Economics for CBSE 12th students

Question Paper of Economics for CBSE 12th class containing the 24 questions. Maximum marks of the paper is 100 and the limit of time be 3 hours. Paper having to section

I am here providing you some question of the question paper of the Economics for CBSE 12th students.

1. Answer the following questions :
(i) Define marginal opportunity cost.
(ii) Why is a production possibility curve concave ?
(iii) State two characteristics of resources which give rise to an economic problem.
(iv) Give two examples of microeconomic studies

2. Calculate Marginal Cost and Total Cost from the following Cost Schedule of a firm whose
Total Fixed Costs are Rs. 15 : 4
Output Total Variable Cost
(Unit) (Rs.)
1 10
2 19
3 29
4 40

3. Answer the following questions
(i) What is macroeconomics ?
(ii) Give two examples of macroeconomic studies.
(iii) What is balance of trade ?
(iv) Give meaning of balance of payments.

4. Calculate Personal Disposable Income from the following data : 3
(Rs. crores)
(i) Personal taxes 60
(ii) Net national product at factor cost accruing to the private sector 600
(iii) Undistributed profits 10
(iv) National debt interest 50
(v) Corporation tax 100
(vi) Net current transfers from the rest of the world (—) 20
(vii) Current transfers from government 30

5. Calculate ‘national income’ and ‘net national disposable income’ from the following data :
4, 2
(Rs. crores)
(i) Current transfers from government 35
(ii) Private final consumption expenditure 500
(iii) Net current transfers from the rest of the world (—) 10
(iv) Government final consumption expenditure 150
(v) Net factor income from abroad (—) 20
(vi) Net domestic capital formation 100
(vii) Net indirect tax 120
(viii) Net exports 50


6. Distinguish between ‘visible trade’ and ‘invisible trade’ in balance of payments. Give one
example of each. 3


7. What is barter ? Explain the ‘unit of value’ function of money. 4
OR
What is money ? Explain the ‘store of value’ function of money.


8. Explain determination of equilibrium level of income through the Savings - Investment
approach. Use diagram. What changes will take place when the economy is not
in equilibrium ? Explain. 6

or

Explain determination of equilibrium level of income by the (i) Savings - Investment approach
and (ii) Aggregate demand - Aggregate supply approach. What changes will take place
when the economy is not in equilibrium ?


9. Calculate Personal Disposable Income from the following data : 3
(Rs. crores)
(i) Personal taxes 60
(ii) Net national product at factor cost accruing to the private sector 600
(iii) Undistributed profits 10
(iv) National debt interest 50
(v) Corporation tax 100
(vi) Net current transfers from the rest of the world (—) 20
(vii) Current transfers from government 30

10. Explain the term ‘change in demand’ and represent the same graphically. Also state
three factors responsible for ‘change in demand’. 6









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