Solved papers for 12th Class Economics Solved Paper - Economics 2012 Delhi Set-II

done Solved Paper - Economics 2012 Delhi Set-II Total Questions - 7

• question_answer1) What is 'Marginal Rate of Transformation'? Explain with the help of an example.
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• question_answer2) A producer borrows money and opens a shop. The shop premises is owned by him. Identify the implicit and explicit costs from this information. Explain.
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• question_answer3) Define Marginal Rate of Substitution. Explain why is an indifference curve convex?
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• question_answer4) 

  Calculate Net Value Added at Factor Costs:
  S. No.	Items	Amount (in Rs)
  (i)	Consumption of fixed capital (Rs)	600
  (ii)	Import duty (Rs)	400
  (iii)	Output sold (units)	2,000
  (iv)	Price per unit of output (Rs)	10
  (v)	Net change in stock (Rs)	(-) 50
  (vi)	Intermediate cost (Rs)	10,000
  (vii)	Subsidy (Rs)	500

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• question_answer5) 

  Find investment from the following;
  Items	Amount (Rs.)
  National Income	Rs. 500
  Autonomous Consumption	Rs. 100
  Marginal propensity to Consume	0.75

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• question_answer6) 

  Giving reason explain how should the following be treated in estimating national income:

  (i) Payment of bonus by a firm

  (ii) Payment of interest on a loan taken by an employee from the employer.

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• question_answer7) 

  Find out (a) Net National Product at Market Price:
  (Rs. in crore)
  (i)	Net current transfers from abroad	(-) 10
  (ii)	Wages and Salaries	1,000
  (iii)	Net factor income to abroad	(-) 20
  (iv)	Social security contributions by employers	100
  (v)	Net Indirect Tax	80
  (vi)	Rent	300
  (vii)	Consumption of fixed capital	120
  (viii)	Corporation Tax	50
  (ix)	Dividend	200
  (x)	Undistributed profits	60
  (xi)	Interest	400

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