Wednesday, March 6, 2013

CBSE SAMPLE PAPER - 2012 13


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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