Consumption (units) | 1 | 2 | 3 | 4 | 5 |
Total Utility (utils) | 8 | 15 | 20 | 23 | 25 |
Explain the likely impact of Sarva Shiksha Abhiyan on transformation line in India. Given reason in support of your answer. |
or |
Explain the central problem of what to produce. |
Price (Rs.) | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 |
Supply of Individual Firm (kg) | 0 | 5 | 10 | 15 | 20 | 65 | 30 | 35 |
A consumer's budget is Rs.50. He is buying good 1 and good 2. The price of good 1 is Rs.12 per unit and of good 2 is Rs.5 per unit. Draw a budget on basis of information given and also explain the concept of Marginal Rate of Substitution (MRS), |
or |
Differentiate between increase in demand and expansion in demand. |
(i) Marginal Revenue (MR) and Total Revenue (TR) |
(ii) Marginal Revenue (MR) and Average Revenue (AR). |
(i) Explain the concept of price elasticity of demand. |
(ii) When price of a good falls by 10%, its quantity demanded rises from 40 to 50 units |
Give the differences between ex-ante savings and ex-post savings. |
or |
What do you understand by frictional unemployment and structural unemployment? Explain briefly. |
Briefly discuss about the impact of budget. |
or |
Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer. |
(i) Receipts from sale of shares of public sector undertaking. |
(ii) Borrowings from public. |
(iii) Profits of public sector undertaking. |
(iv) Income tax received by government. |
S. No. | Items | (Rs.) in crores |
(i) | Government Final Consumption Expenditure | 100 |
(ii) | Subsidies | 10 |
(iii) | Rent | 200 |
(iv) | Wages and Salaries | 600 |
(v) | Indirect tax | 60 |
(vi) | Private Final Consumption Expenditure | 800 |
(vii) | Gross Domestic Capital Formation | 120 |
(viii) | Social Security Contributions by Employer | 55 |
(ix) | Royalty | 25 |
(x) | Net Factor Income Paid to Abroad | 30 |
(xi) | Interest | 20 |
(xii) | Net Domestic Capital Formation | 110 |
(xiii) | Profits | 130 |
(xiv) | Net Export | 70 |
(i) Value of Multiplier (K) |
(ii) Marginal Propensity to Consume (MPC) |
(ii) Change in Consumption Expenditure (AC) |
(iv) Change in Saving (AS) |
(i) Explain the effect of depreciation of domestic currency on exports. |
(ii) Explain the effect of appreciation of domestic currency on imports. |
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