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

done Solved Paper - Economics 2012 Delhi Set-III Total Questions - 8

• question_answer1) State reasons why does an economic problem arise?
  View Answer play_arrow

• question_answer2) A producer invests his own savings in starting a business and employs a manager to look after it. Identify implicit and explicit costs from his information. Explain.
  View Answer play_arrow

• question_answer3) Define an indifference map. Explain why an indifference curve to the right shows higher utility level.
  View Answer play_arrow

• question_answer4) A consumer buys 20 units of a good at a price of Rs. 5 per unit. He incurs an expenditure of Rs. 20 when he buys 24 units. Calculate price elasticity of demand using the percentage method. Comment upon the likely shape of demand curve based on this information.
  View Answer play_arrow

• question_answer5) 

  Find Net Value Added at Market Price:
  S. No.	Items	Amount
  (i)	Output sold (units)	800
  (ii)	Price per unit of output (Rs)	20
  (iii)	Excise (Rs)	1,600
  (iv)	Import duty (Rs)	400
  (v)	Net change in stocks (Rs)	(-) 500
  (vi)	Depreciation (Rs)	1,000
  (vii)	Intermediate Cost (Rs)	8,000

  View Answer play_arrow

• question_answer6) 

  Find consumption expenditure from the followings:
  Items	Amount
  Autonomous consumption	Rs 100
  Marginal propensity to consume	0.70
  National Income	Rs 1,000

  View Answer play_arrow

• question_answer7) 

  Comparing reason explain how should the following be treated in estimating National Income:

  (i) Interest paid by banks on deposits by individuals.

  (ii) National debt interest.

  View Answer play_arrow

• question_answer8) 

  Find out (a) Gross National Product at Market Price and (b) Net Current Transfers from abroad:
  (Rs. crore)
  (i)	Net Indirect Tax	35
  (ii)	Private final consumption expenditure	500
  (iii)	Net national disposable income	750
  (iv)	Closing stock	10
  (v)	Government final consumption expenditure	150
  (vi)	Net domestic fixed capital formation	100
  (vii)	Net factor income to abroad	(-) 15
  (viii)	Net imports	20
  (ix)	Opening stock	10
  (x)	Consumption of fixed capital	50

  View Answer play_arrow