KENDRIYA VIDYALAYA SANGATHAN, SIRSA
REGION
FIRST PRE – BOARD EXAM.2013 – 14
CLASS - XII ECONOMICS.
Q1. What
is meant by’ economizing of resources’?
Q2. What
happened to the MU when total utility is maximum ?
Q3. Whay
is demand for water is inelastic?
Q.4.
Define fixed cost.
Q5. In
which market form average revenue and Marginal revenue of a firm are always
equal.
Q.6. What
does a production possibility curve show? When will it shift to the right?
Q.7.
Demand for electricity has increase, however supply cannot be increased due to
lack of resources. Explain how in two ways demand for electricity can be
decreased.
Q.8.
Define budget line. How the budget line change if the consumers income
decreases to
Rs. 20 from Rs.40 but the prices
remains unchanged.
Q.9. Explain the relationship between SVC and MC
with the help of curve.
Q10.Distinguish
between monopoly and monopolistic forms of market.
Ans.
OR
Complete
the following table: -
OUTPUT
|
PRICE TAKER
|
T R
|
MR
|
1
2
3
4
|
10
-
-
-
|
-
14
-
12
|
-
-
1
-
|
Q11. How
the nature of the commodity and No. of affect the elasticity of demand explain
with example.
OR
A consumer buys 80 units of a good. At a
price of Rs. 5 per unit. Suppose, the price elasticity of demand is (-) 2. At
what price will be buy 64 units.
Q.12.
Explain the effect of the following on the supply of a commodity.
(a) Fall in the price of factor input.
(b) Increase in taxes.
Q13. The
TR & TC value a of a firm are given in the following schedule. Calculate MR
and MC and determined the level of output. Give reason for your answer.
Ans.
Q.14. What
is meant by return to a factor? State the law of increasing returns to a
factor. Give
to a factor?
Q.15.
What are the condition of consumer’s equilibrium under the indifference curve
Analysis ? Explain the help of a
diagram.
Q.16.
Explain the effect of equilibrium price and equilibrium quantity in the
following cases (Use diagram)
(a)
Demand curve shift to the left.
(b)
Supply increases when demand is perfectly inelastic.
( c)
Increase in supply more than increase in supply.
PART – B
Q.17. What is full bodied money?
Ans.
Q.18. If
Planned saving are greater than planned investment, what will effect on
inventories?
Ans.
Q.19. If
the value of MPC is 0.8. Calculate the value of multiplier.
Q.20.
Define CRR.
Q21. What
is the likely effect currency depreciation and devolution on Foreign trade?
Q.22. How
you will treat the following while
calculating National Income. Give reason: -
(i)
Production for self consumption.
(ii)
Expenditure of construction of a house.
(iii) Salary
received by an Indian resident working in US embassy in New Delhi.
Q.23.
From the following data calculate Net Value Added at Factor cost.
Sr. No.
|
Particulars
|
Rs.
|
1
2
3
4
5
6
7
|
Purchase of intermediate goods.
Sales
Import of raw materials
Depreciation
Net indirect taxes
Change in stock
Export
|
500
750
50
60
100
-30
20
|
24.
Distinguish between Final goods & Intermediate goods with examples.
OR
Distinguish between Factor income and
Transfer income.
25.
Explain two sources of each of demand and supply of foreign exchange.
26.State
the component of current account of balance of payments.
27.
Explain the meaning and implication of revenue deficit.
OR
Complete the following table: -
Income
|
Saving (Rs.)
|
MPC
|
APC
|
0
|
-20
|
||
50
|
-10
|
||
100
|
0
|
||
150
|
30
|
||
200
|
60
|
28. Categories
the following Government receipt into Revenue & Capital receipts. Give
reasons for your answer.
(a)
receipts from sale of share of a public
sector under taking.
(b)
Income tax received by govt.
© Grants
from foreign government.
(d)
Recovery of loans.
29.
Define government budget . State any three objectives of government budget.
30.
Explain the process of money creation by commercial banks giving a numerical
example
OR
In an
economy the consumption function C = 500 + 0.8Y, where C is consumption
expenditure and Y is income , I = 800
(i)
Equilibrium level of income.
(ii)
Consumption expenditure at equilibrium level.
Q31.
Explain the problem of excess demand in an economy with the help of diagram.
Explain the role of bank rate in correcting it.
Q.32.
From the following data calculate GNP at MP by Income method and expenditures
method: Income method and expenditure method: -
Sr. No.
|
Particulars
|
Rs.
|
1
2
3
4
5
6
7
8
9
10
11
12
|
Compensation of employees
Profits
Mixed Income of self employed
Rent
Interest
Private final consumption
expenditure
Net domestic capital formation
Consumption of fixed capital
Net Export
Govt. final consumption expenditure
Net indirect taxes
Net factor income from abroad.
|
400
250
300
80
70
700
120
100
(-) 10
350
60
(-) 10
|
…………………………………………………………………………………………………………
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