Solved papers for 12th Class Economics Solved Paper - Economics 2011 Delhi Set-II

done Solved Paper - Economics 2011 Delhi Set-II Total Questions - 7

• question_answer1) What is positive economics?
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• question_answer2) Explain the conditions determining how many units of a good the consumer will buy at a given price.
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• question_answer3) Explain the concept of Marginal Rate of Substitution (MRS) by giving an example. What happens to MRS when consumer moves downwards along the indifference curve? Give reasons for your answer.
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• question_answer4) State the components of capital account of balance of payments.
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• question_answer5) If National Income is Rs. 50 crore and Saving Rs. 5 crore, find out average propensity to consume. When income rises to Rs. 60 crore and saving to Rs. 9 crore, what will be the average propensity to consume and the marginal propensity to save?
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• question_answer6)  

  Giving reasons classify the following into intermediate products and final products:

  (i) Computers installed in an office.

  (ii) Mobile sets purchased by a mobile dealer.

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• question_answer7) 

  Find the gross National Product at market price from the following:
  S. No.	Items	(Rs. Arab)
  (i)	Opening stock	50
  (ii)	Private final consumption expenditure	1000
  (iii)	Net current transfers to abroad	5
  (iv)	Closing stock	40
  (v)	Net factor income to abroad	(-) 10
  (vi)	Government final consumption expenditure	300
  (vii)	Consumption of fixed capital	30
  (viii)	Net imports	20
  (ix)	Net domestic fixed capital forma	150

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