CBSE SAMPLE PAPER – 2012-13.
SECTION – A
1.
What cause an up ward movement along demand
curve? 1.
2.
What is the price elasticity of supply of a
commodity whose straight line supply curve passes through the origin an angle
of 75 degree? 1.
3.
What change will take place in marginal product
when product increases at a diminishing rate?1
4.
Give the meaning of marginal cost. 1.
5.
Explain the meaning of ‘Oligopoly’. 1.
6.
Explain the inverse relationship between the
price of a commodity and its demand. 3
7.
State the Law of Supply’ What is meant by the
assumption ‘ Other things remaining the same’ on which law is based? 3
8.
The Price elasticity of supply of a good X is half the price elasticity of
supply of good Y. A 10 % rise in the price good Y results rise in supply from 400 units to 520
units. Calculate the percentage change in quantity supplied of a goods X when its price falls from Rs.10 to Rs.8
per unit. 3
9.
State the distinguish between explicit cost and Implicit cost. Give
an example of each. 3
10.
Explain the implication of , product,’
Differentiation’ feature of monopoly competition. 3
Or
Explain
the implication of ‘homogeneous product’ feature of perfect competition.
11.
Explain
the effect of a rise in the price of ‘ Related goods’ on the demand for a good
X. 4
12.
Explain the concept of opportunity cost with the
help of an example.
4
Or
Explain the Central problem of distribution in an economy.
13.
The
diagram shows AE is the demand curve of a commodity. On the basis of this diagram, State whether the
following statement is true or false.
Give reasons for your answer: -
(i)
Demand at
point B is price inelastic.
(ii)
Demand at point C is more price elastic than at
point B.
(iii)
Demand C is Price elastic.
(iv)
Price elasticity of demand at point C is than
the Price elasticity of demand at point D.
14.
Explain the likely behavior of total product and
Marginal product when for increasing product only one inputs is increased while
other inputs are kept constant.
15.
There is simultaneous ‘Decrease in demand and
supply of commodity. When will it result in
(a)
No change in equilibrium price. (b) A fall in
equilibrium price.
16.
(a) What is budget line ? What does the point on
it indicate in terms of prices?
(b)
A consumer consume only two goods X and Y. Hr
money income is Rs. 24 and the price of goods X
and Y are Rs. 4 and 2 respectively. Answer the following question :
(a)
Can the consumer afford a bundle 4 X and 5Y?
Explain
(b)
What will be the MRS x y when the consumer is in
equilibrium? Explain. 6
OR
Explain the following: -
(a)
Why is an indifference curve convex to the
origin?
(b)
Why does a higher indifference curve represent a
higher level of satisfaction
SECTION - B
17.
What is meant by foreign exchange rate? 1
18.
What is meant by statutory liquidity ratio? 1
19.
How is Primary deficit calculated? 1
20.
What is meant by balance of trade? 1
21.
State two sources of supply of foreign currency.1
22.
Can an economy be in equilibrium when there is
unemployment in the economy? 3
23.
In an
economy income increases by 10,000 as a result of rise in investment
expenditure by 1,000. Calculate :
(a)
Investment multiplier.(b) MPC 3
24.
How did money solve the problems of double
coincidence of wants? 3
25.
How did
budgetary policy used for reducing in equality in income and wealth? 3
OR
How did budgetary policy used for
allocation of resources in the economy?
26.
Calculate Gross fixed capital formation from the
following data: 3
|
Sr.
No.
|
ITEMS
|
Rs in
(Crores)
|
|
1
|
Private final consumption expenditure
|
1,000
|
|
2
|
Government final consumption
expenditure
|
500
|
|
3
|
Net exports
|
(-) 50
|
|
4
|
Net factor income from abroad
|
20
|
|
5
|
Gross domestic product at market price
|
2,500
|
|
6
|
Opening stock
|
300
|
|
7
|
Closing stock
|
200
|
27.
Distinguish between revenue expenditure and
capital expenditure in a government budget. Give two example of each.
28.
Explain the Central bank as a banker to the
government. 4
OR
Explain
the open market operation method of credit control used by a central bank.
29.
Explain the meaning (and implications) of
deficit in balance of payment. 4
30.
State the following statement are true or False.
(i)
Capital formation is flow,
(ii)
Bread is always a consumer goods.
(iii)
Gross domestic capital formation is always
greater than gross fixed capital formation. 6
31.
Given below is consumption function in the
economy :
C = 100 + 0.5y
With the help of a numerical
example show that in this economy as income increases APC will decrease.
OR
Saving function of an economy is S
= - 200 + 0.25 Y. The economy is in equilibrium when income is equals to 2,000,
Calculate: -
(a) Investment expenditure at equilibrium level
of income.
(b)
Autonomous consumption.
(c)
Investment multiplier.
32.
Calculate GNP at MP and Personal income from the
following: - 6
|
Sr. No.
|
Items
|
(Rs in Crores)
|
|
i
|
Subsidies
|
20
|
|
ii
|
Net factor income from abroad
|
(-) 60
|
|
iii
|
Consumption of fixed capital
|
50
|
|
iv
|
Personal tax
|
110
|
|
v
|
Saving of private corporation
|
40
|
|
vi
|
Dividend
|
20
|
|
vii
|
Indirect taxes
|
100
|
|
Viii
|
Corporation tax
|
90
|
|
ix
|
Net National Disposable income
|
1,000
|
|
x
|
National debt interest
|
30
|
|
xi
|
Net current transfer from abroad.
|
20
|
|
Xii
|
Current transfer from government.
|
50
|
|
Xiii
|
Misc. receipt of the government
administrative department.
|
30
|
|
xiv
|
Private income
|
700
|
|
v
|
Private final consumption expenditure
|
380
|
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