C.B.S.

E PAPER-2001 (Annual) Modified ECONOMICS-XII SET-1 (DELHI)

SECTION-B
Q.17. Define primary sector. [CBSE 2001 Set I(Delhi)] Q.18. What is added to domestic factor income to obtain national income? [CBSE 2001 Set I(Delhi)] Q.19. If disposable income is Rs.1,000 and consumption expenditure Rs. 750, fid out average propensity to save. [CBSE 2001 Set I(Delhi)] Q.20. If the value of marginal propensity to save is 0.25, What is the value of multiplier? [CBSE 2001 Set I(Delhi)] Q.21. What is meant by balance on current account? [CBSE 2001 Set I(Delhi)] Q.22. Distinguish between secondary sector and tertiary sector. [CBSE 2001 Set I(Delhi)] Q.23. Explain briefly the steps taken in estimating national income by production method. [CBSE 2001 Set I(Delhi)] Q. 24.Which of the following expenditures incurred are on intermediate products and which are on final products? You must state reason for your answer: (i) Purchase of tickets for train journey by an individual. (ii) Purchase of eatables by a firm. (iii) Purchase of a car by a employer for office use by his employees. [CBSE 2001 Set I(Delhi)] Q.25. Calculate net-value added at factor cost: (i) Sales tax (ii) Consumption of Fixed capital (iii) Closing stock (iv) Corporate tax (v) Opening stock (vi) Sales (vii) Purchases of raw materials (Rs. In lakhs) 25 5 10 15 20 540 140

[CBSE 2001 Set I(Delhi)] Q.26. Explain the distinction between voluntary and compulsory transfer payments and give one example of each. [CBSE 2001 Set I(Delhi)] Q.27. What type of date do we require to measures income at each of the three phases of circular flow of income? [CBSE 2001 Set I(Delhi)] Q.28. Explain briefly the two ways of avoiding double counting in the measurement of national income. [CBSE 2001 Set I(Delhi)] Q.29 Explain the different items included in invisible non-material items of goods. [CBSE 2001 Set I(Delhi)] Q.30. What is deficient demand in macro economics? How do the following affect it: (a) Change in cash reserve ratio. (b) Change in tax rates. [CBSE 2001 Set I(Delhi)] Q.31. Calculate gross national product at market prices by (a) income method and (b) expenditure method: ( Rs.1 crores) (i) New exports 10 (ii) Rent 20 (iii) Private final consumption 400 expenditure (iv) Interest 30 (v) Dividends 45 (vi) Undistributed profits 5 (vii) Corporate tax 10 (viii) Government final 100 Consumption expenditure (ix) Net Domestic capital formation 50 (x) Compensation of employees 400 (xi) Consumption of fixed capital 10 (xii) Net indirect taxes 50 (xiii) Net factor income from abroad (-)10 [CBSE 2001 Set I(Delhi)] Q.32. (i) Calculate net value added at market price (Rs. In Lakhs) (i) Sales tax (ii) Consumption of fixed capital (iii) Sales (iv) Purchase of raw materials 10 5 100 55

(v) Closing tax (vi) Corporation tax (vii) Opening stock

10 5 10

(ii) What is meant by fiscal deficit and revenue deficit? What problem can fiscal deficit create? [CBSE 2001 Set I(Delhi)]

C.B.S.E PAPER-2001 (Annual) Modified ECONOMICS-XII SET-1 (OUTSIDE DELHI)

SECTION-B Q.17. If disposable income is Rs.500 and saving Rs. 100 Find out average propensity to consume. [CBSE 2001 Set I(Outside Delhi)] Q.18. If the value of margarine propensity to consume is 0.8, find out value of multiplier. [CBSE 2001 Set I(Outside Delhi)] Q.19 Define balance of payments. [CBSE 2001 Set I(Outside Delhi)] Q.20. Define aggregate demand. [CBSE 2001 Set I(Outside Delhi)] Q.21. What is gross capital formation? [CBSE 2001 Set I(Outside Delhi)] Q.22. Calculate operating surplus: (i) (ii) (iii) (iv) Net value added at market price Indirect taxes Wages in cash Employers contribution to social Security schemes (Rs. In Lakhs) 100 10 60 16 5

(v) Subsidies [CBSE 2001 Set I(Outside Delhi)]

Q.23. Which of the following expenditures incurred are on intermediate products and which are on final products? You must state reasons for your answer. (i) Payment of school fees by household. (ii) Purchase of bus by a school (iii) Purchase of uniforms for nurses by hospital. [CBSE 2001 Set I(Outside Delhi)] Q.24. Calculate gross value added at market price.

(Rs. In Lakhs) (i) (ii) (iii) (iv) (v) (vi) (vii) Excise duty Consumption of fixed capital Closing stock Sales Subsidy Intermediate consumption Opening stock [CBSE 2001 Set I(Outside Delhi)] 40 15 20 700 5 400 10

Q.25. Explain the meaning of inflationary gap with the help of a diagram. [CBSE 2001 Set I(Outside Delhi)] Q.26. How is government final consumption expenditure measured? [CBSE 2001 Set I(Outside Delhi)] Q.27 Explain any four precautions to be taken in estimating national income by expenditure method. [CBSE 2001 Set I(Outside Delhi)] Q.28. What is domestic factor income? Explain different components of compensation of employees. [CBSE 2001 Set I(Outside Delhi)] Q.29. distinguish between primary sector and secondary sector. [CBSE 2001 Set I(Outside Delhi)] Q.30. Calculate national income by (a) income, and (b) expenditure methods(Rs. in crores) (i) Wages and salaries 500 (ii) Government final consumption Expenditure 120 (iii) Royalty 20 (iv) Interest 40 (v) Household final consumption 600 Expenditure (vi) Change in stock 10 (vii) Indirect tax 100 (viii) Rent 50 (ix) Final consumption expenditure on Private non-profit institutions 30 Serving households (x) (xi) (xii) Net domestic fix capital formation Profit after tax Corporate Tax 60 100 20

(xiii) Net exports (xiv) Subsidies ( xv) Net factor income from abroad [CBSE 2001 Set I(Outside Delhi)]

(-)20 30 (-)5

Q.31. What is the meaning of fiscal policy? Explain how do the following affect demand in an economy. (i) Change in government expenditure: (ii) Change in tax rates. [CBSE 2001 Set I(Outside Delhi)]

C.B.S.E. PAPER-2002 (Annual) Modified ECONOMICS XII SET-1 (DEHLI)

SECTION-B Q.17. If the marginal propensity to save is 1, how much will be the marginal propensity to consume? [CBSE 2002 Set I(Delhi)] Q.18. Define revenue deficit in government budget. [CBSE 2002 Set I(Delhi)] Q.19. What is supply schedule? [CBSE 2002 Set I(Delhi)] Q.20. When marginal utility is negative what happens to total utility? [CBSE 2002 Set I(Delhi)] Q.21. List two items of the capital account of balance of Payments account. [CBSE 2002 Set I(Delhi)] Q.22. Make a list of taxes levied by state government. [CBSE 2002 Set I(Delhi)] Q.23.Distinquuish between consumption of fixed capital and capital loss. Why does an enterprise make provisional for dependent? [CBSE 2002 Set I(Delhi)] Q.24. What is meant by factor income to abroad? State its components. [CBSE 2002 Set I(Delhi)] Or Define current transfers. Give two examples each of current transfers within a country and current transfers between the countries. [CBSE 2002 Set I(Delhi)] Q.25.If in an economy the marginal propensity to consume is 0.8 and investment increases by Rs.1,000 corers, calculate the total increase in income. [CBSE 2002 Set I(Delhi)]

Q.26. Will the following be included or not in the domestic factor income of India? Give reasons for your answer. (i) Wages paid to a non resident Indian working in an Indian company in Singapore. (ii) Salaries of non- residents working in Indian Embassies. (iii) Profits earned by a branch of State Bank of India in England. [CBSE 2002 Set I(Delhi)] Q.27. Give meaning of fiscal policy, monetary policy, bank rate and balance of trade. [CBSE 2002 Set I(Delhi)] Q.28. How to changes in bank rate affect availability of credit? [CBSE 2002 Set I(Delhi)] Q.29. Explain , in brief, the steps involved in the estimation of value added by a firm. [CBSE 2002 Set I(Delhi)]

Q.30. Calculate net national product at market price from the following data by (a) income method and (b) expenditure method. (Rs. in crores) (i) Purchase of consumer goods and services In the domestic market by resident household 1000 (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiv) Direct purchases from abroad by household Government final consumption expenditure Mixed income of self employed Factor income to abroad Net capital formation Factor income from abroad Consumption of fixed capital Change in stocks Compensation of employees Operating surplus Net exports Employers contribution to social Security schemes (xv) Old age pension [CBSE 2002 Set I(Delhi)] 110 600 40 300 30 25 50 900 400 100 (-)10 70 30

Q.31. Explain any two measures by which a central bank can try to reduce inflationary Gap. [CBSE 2002 Set I(Delhi)] Q.32. From the following data calculate: (a) National disposable income

(b) Personal income (Rs. in crore) (i) Net domestic product at factor cost 600 (ii) Indirect taxes 60 (iii) Subsidies 10 (iv) Net factor income from abroad (-)20 (v) Income from entrepreneurship 30 And property accruing to the Government administrative departments 10 (vi) Savings of non-departmental Enterprises (vii) Current transfers from government Administrative department 100 (viii) Current transfers rest of the World (net) 40 (ix) Corporation tax 15 (x) Net exports 25 (xi) consumption of fixed capital 30 (xii) Savings of private corporate Sector net of retained earnings 30 Of foreign companies [CBSE 2002 Set I (Delhi)]

C.B.S.R.PAPER-2002 (Annual) Modified ECONOMICS-XII SET-1 (OUTSIDE DELHI)

SECTION_ B Q.17. Define budget. [CBSE 2002 Set I(Outside Delhi)] Q.18. If average propensity to consume is 0.75, how much will be average propensity to save? [CBSE 2002 Set I(Outside Delhi)] Q.19. Define fiscal deficit. [CBSE 2002 Set I(Outside Delhi)] Q.20 Define commercial Bank. [CBSE 2002 Set I(Outside Delhi)] Q.21. what is meant by interest rate deferential? [CBSE 2002 Set I(Outside Delhi)] Q.22. what is meant by circular flow of income? Name three related phases. [CBSE 2002 Set I(Outside Delhi)]

Q.23. How is value of output of a producing enterprise and its net value adde at market price calculated? [CBSE 2002 Set I(Outside Delhi)] Q.24. Will the following be included in domestic factor income of India? Give reasons for your answer. (i) Compensation of employees paid by a foreign company located in India. (ii) Profits earned by an Indian company located abroad. (iii)Compensation of employees paid by American Embassy in India resident Indians (iv) Profits earned by a company partly owned by nonresidents and located in India. [CBSE 2002 Set I(Outside Delhi)] Q.25. Define compensation of employees. Describe briefly its main components. [CBSE 2002 Set I(Outside Delhi)] OR Define capital transfers. Give two examples each of capital transfers within a country and capital transfers between countries. [CBSE 2002 Set I(Outside Delhi)] 12 Q.26. How are the following treated while estimating private final consumption expenditure? Give reasons for your answer. (i)Exports. (ii) Direct purchases made abroad by resident households. (iii)Final consumption expenditure of non-profit institutions serving households. (iv) Change in stocks. [CBSE 2002 Set I(Outside Delhi)] Q.27. Distinguish between revenue receipts and capital receipts in a government budgets. Give two examples of each. [CBSE 2002 Set I(Outside Delhi)] Q.28. Explain briefly any two functions of money. [CBSE 2002 Set I(Outside Delhi)] Q.29. Explain the concept of deflationary gap. Explain any two measures by which a central bank can attempt to reduce this gap. [CBSE 2002 Set I(Outside Delhi)] Q.30. Calculate from the following net national product at market price by (a) income method, and (b) expenditure method: (Rs. in crores) (i) Compensation of employees paid by the Government 40 (ii) Mixed income of the self- employed 50 (iii) Wages and salaries 400 (iv) Employers contribution to social Security schemes 80

(v) Operating surplus (Vi) Indirect taxes (vii) Subsides (viii) Net capital formation (ix) Net factor income to abroad (x) Government final consumption Expenditure (xi) Private final consumption expenditure (xii) Exports (xiv) Imports (xv) Consumption of fixed capital (xvi) Profit [CBSE 2002 Set I(Outside Delhi)] Q.31 From the following data calculate: (a) National disposable income. (b) Persona; income. (c) Persona; disposable income.

300 30 10 150 10 230 500 15 45 20 130

(Rs. in crores) (i) Income from property and Entrepreneurship accruing to the Government administrative Departments 100

Savings of non-departments Enterprise (iii) Factor income from net domestic Product accruing to private sector (iv) Corporation tax (v) Saving of private corporate sector Net of retained earnings of foreign companies (vi) Direct taxes paid by household (vii) Current transfers from GovernMent administrative Department (viii) current transfers form rest of the world (ix) Factor income from abroad (x) Operating surplus (xi) Factor income to abroad [CBSE 2002 Set I(Outside Delhi)]

(ii)

80 500 30 65 20 10 20 5 150 15

Q.32. Explain the concept of multiplier. How is it related to marginal propensity to save? [CBSE 2002 Set I(Outside Delhi)]

C.B.S.E PAPER-2003 ( Annual ) Modified ECONOMICS-XII SET-1 (DEHLI) SECTION-B Q.17. Define current transfers. [CBSE 2003 Set I(Delhi)] Q.18 Define economic goods. [CBSE 2003 Set I(Delhi)] Q.19. Define government budget. [CBSE 2003 Set I(Delhi)] Q.20. If marginal propensity to save is 0.1 calculate the value of the multiplier. [CBSE 2003 Set I(Delhi)] Q.21. Give two examples of non-tax revenue receipts. [CBSE 2003 Set I(Delhi)] Q.22. Distinguish between a factor income and transfer receipt. [CBSE 2003 Set I(Delhi)] Q.23 Explain the problem of double-counting in the estimation of national income by the value added method. [CBSE 2003 Set I(Delhi)] Q.24. What is included in the domestic territory of a country.? [CBSE 2003 Set I(Delhi)] Q.25. From the following data about a firmX for the year 2001-01, calculate the net value added at market price during that year: (R. in Lakhs) (i) Sales 90 (ii) Closing stock 99 (iii) Opening stock 15 (iv) Indirect taxes 10 (v) Depreciation 20 (vi) Intermediate consumption 40 (vii) Purchase of raw material (viii) Rent [CBSE 2003 Set I(Delhi)] 15 5

Q.26 Define operating surplus. State its components. [CBSE 2003 Set I(Delhi)] Q.27. Distinguish between balance of trace and balance of payments. [CBSE 2003 Set I(Delhi)] Q.28.Distinguish between capital expenditure and revenue expenditure. Give an example of cash. [CBSE 2003 Set I(Delhi)]

Q29 What are Open market operations? How do these affect availability of credit? [CBSE 2003 Set I(Delhi)] Q.30. Calculate from the following data: (a) Net national disposable income (b) Private income (c) Personal disposable income. (i) National income (ii) Indirect taxes (iii) Subsidies (iv) Saving of non-departmental Enterprises 30 (v) National debt interest 50 (vi) Net factor income from abroad (-20) (vii) Consumption of fixed capital 40 (viii) Current transfers from the rest of the work 45 (ix) Income from property and entrepreneurship according to government administrative departments 60 (x) Direct taxes paid by household 40 (xi) Profits 100 (xii) saving of private corporate sector net of retained earnings of foreign companies 80 (xiii) Current transfers from government Administrative departments 90 (xiv) Corporation tax 25 [CBSE 2003 Set I(Delhi)] (Rs in crores) 800 70 10

Q.31 State any six precaution which must be taken while estimating factor income. [CBSE 2003 Set I(Delhi)] Q.32. From the following data, calculate gross national product at market prices by (a) income method, and (b) expenditure method (Rs. in crores) (i) Government final consumption Expenditure 250 (ii) Change in stocks 65 (iii) Net domestic capital formation 150 (iv) Interest 90 (v) Profits 210 (vi) Corporation tax 50 (vii) Rent 100 (viii) Factor income from abroad 20

(ix) Indirect taxes (x) Factor income to abroad (xi) Exports (xii) Subsidies (xiii) Imports (xiv) Consumption of fixed capital (xv) Private final consumption expenditure (xvi) Compensation of employees (xvii) Value of rent for free accommodation To employees [CBSE 2003 Set I(Delhi)] C.B.S.E PAPER-2003 (Annual) Modified ECONOMICS-XII SET-1 (OUTSIDE DELHI)

55 40 60 25 80 20 500 450 40

Section-B Q.17. Define economic goods. [CBSE 2003 Set I(Outside Delhi)] Q.18 Define domestic factor income. [CBSE 2003 Set I(Outside Delhi)] Q.19. If marginal propensity to save is 0.1; calculate the value of the multiplier. [CBSE 2003 Set I(Outside Delhi)] Q.20. Give two examples of capital expenditure in the government budget. [CBSE 2003 Set I(Outside Delhi)] Q.21. What is break even point? [CBSE 2003 Set I(Outside Delhi)] Q.22 Classify the following into factor income and transfer receipt. Give reasons for your answer. [CBSE 2003 Set I(Outside Delhi)] Q.23. Explain the three Industrial sectors into which all the producing enterprises are classified for measuring national income. [CBSE 2003 Set I(Outside Delhi)]

Q.24.What is included in the domestic (economic) territory of a country. [CBSE 2003 Set I(Outside Delhi)] Q.25. From the following data about a firm p for the year 1998-99, calculate net value added at factor during that year: (Rs in Lakhs) (i) Sales 120 (ii) Purchase of machinery 60 (iii) Subsidies 5 (iv) Depreciation 15 (v) Purchase of raw material 30 (vi) Opening stock 20 (vii) Closing stock 10 (viii) Intermediate consumption 50 [CBSE 2003 Set I(Outside Delhi)] Q.26. Define net factor income form abroad. State its components. [CBSE 2003 Set I(Outside Delhi)] Q.27. Mention agency functions of the bank. [CBSE 2003 Set I(Outside Delhi)] Q.28. Explain in brief, the steps involved in the estimation of value added by a firm. [CBSE 2003 Set I(Outside Delhi)] Q.29 How will you determine foreign exchange rate? Describe with diagram. [CBSE 2003 Set I(Outside Delhi)] Q.30.explain the different items included in invisible non material items of goods. [CBSE 2003 Set I(Outside Delhi)] Q.31. From the following data, calculate gross national product at market price by (a) Income method, and (b) expenditure method: ( Rs 10 crores0 (i) Private final consumption expenditure 450 (ii) Compensation of employees 300 (iii) Factor income from abroad 20 (iv) Factor income for abroad 30 (v) Net domestic capital formation 100 (vi) Change in stock 30 (vii) Employers contribution to social

Security scheme (viii) Dividends (ix) Corporation tax (x) Consumption of fixed capital (xi) Interest (xii) Exports (xiii) Imports (xiv) Indirect taxes (xv) Undistributed profits (xvi) Subsidies (xvii) Government final consumption Expenditure (xviii) Rent [CBSE 2003 Set I(Outside Delhi)]

25 100 40 30 80 25 35 65 60 15 160 70

19

C.B.S.E. PAPER-2004 (Annual )Modified ECONOMICS-XII SET-1 (DELHI)

SECTION-B Q.17 Is the study of cotton textile industry a macro economic study? [CBSE 2004 Set I(Delhi)] Q.18 What is meant by foreign exchange rate? [CBSE 2004 Set I(Delhi)] Q.19. Give two example of macro-economic studies. [CBSE 2004 Set I(Delhi)] Q.20 A government budget shows a primary deficit of Rs 4,400 crores. The revenue expenditure on interest payment is Rs 400 crores. How much is the fixed deficit? [CBSE 2004 Set I(Delhi)] Q.21 What is M, with reference to many supply? [CBSE 2004 Set I(Delhi)]

Q.23. Distinguish between average propensity in consume and marginal propensity to consume. The value of which of these two cab be greater than one and when? [CBSE 2004 Set I(Delhi)] Q.24What is a government budget? Name two sources each of non-tax revenue receipts and capital receipts. [CBSE 2004 Set I(Delhi)] Q25 In an economy marginal propensity to consume is 0.75. If investment expenditure is increased by Rs 500 Crores. Calculate the total increase in income and consumption expenditures. [CBSE 2004 Set I(Delhi)] Q. 26. What is the basis of classifying government expenditure into: (1) Revenue expenditure and capital expenditure? (ii) Plan expenditure and non-plan expenditure? [CBSE 2004 Set I(Delhi)] Q.27. Explain the effect of an increase in bank rate of creation by commercial banks. [CBSE 2004 Set I(Delhi)] Q.28 State four sources each of demand and supply of foreign exchange. [CBSE 2004 Set I(Delhi)] OR State any four items each of current account and capital account of the balance of payments account. [CBSE 2004 Set I(Delhi)] Q.29. Briefly explain any two functions of money. [CBSE 2004 Set I(Delhi)] Q.30 Will the following be a part of domestic factor income of India ? Give reasons for your answer. (i) Old age pension given by the government, (ii) Factor income from abroad. (iii)Salaries to Indian residents working in Russian Embassy in India. (i) Profits earned by a company in India, which is owned by a nonresident. [CBSE 2004 Set I(Delhi)] Q.31 Explain the equilibrium level of income with the help of saving and investment curves. If saving exceed planned investment, what changes will bring about the equality between then? [CBSE 2004 Set I(Delhi)] OR Distinguish between inflationary gap and deflationary gap. Show deflationary gap on a diagram. Can this gap exist a equilibrium level of Income Explain[CBSE 2004 Set I(Delhi)] Q.32 From the following data, calculate gross national product at market price by Rs. (Crore)

(i) Mixed income of self employed (ii) Compensation of employees (iii) Private final consumption expenditure (iv) Net Factor income from abroad (v) Net indirect taxes (vi) Consumption of fixed capital (vii) Net domestic capital formation (viii) Net exports (ix) Profits (x) Rent (xi) Interest (xii) Government final consumption expenditure [CBSE 2004 Set I(Delhi)]

400 500 900 (-) 20 100 120 280 (-) 30 350 100 150 450

C.B.S.E. PAPER-2004 (Annual) Modified ECONOMICS-XII SET-II (DELHI)

SECTION-B Q.17 The Balance of trade shows a deficit of Rs. 5,000 crores and the value of imports are Rs 9,000 cores. What is the value of exports? [CBSE 2004 Set II(Delhi)] Q.18. Is the study of cotton textile industry a macro economic study or a micro economic study? [CBSE 2004 Set II(Delhi)] Q.19. Define tax. [CBSE 2004 Set II(Delhi)] Q.20. Give two example of macro economic studies. [CBSE 2004 Set II(Delhi)] Q.21. Mention measures to current deficient demand. [CBSE 2004 Set II(Delhi)] Q.22 Calculate gross national disposable income from the following data: ( Rs Crores) (i) Net national product at factor cost 3000 (ii) Net factor income form abroad (-) 50 (iii)Consumption of fixed capital 150 (iv) Net indirect taxes 250 (v) Net current transfers from rest of the world 300 [CBSE 2004 Set II(Delhi)]

Q.23. What is a government budget? Name two sources each of non-tax revenue receipts and capital receipts. [CBSE 2004 Set II(Delhi)] Q.24. In a economy, investment expenditure is increased by Rs 400 crores and marginal propensity to consume is 0.8. Calculate the total increase in income and savings. [CBSE 2004 Set II(Delhi)] Q.25 Distinguish between average propensity to save and marginal propensity to save. H evlue of which of thee two can be negative and when? [CBSE 2004 Set II(Delhi)] Q.26 State four sources each of demand and supply foreign exchange. [CBSE 2004 Set II(Delhi)] Or State any four items each of current account and capital account of balance of payments accounts .[CBSE 2004 Set II(Delhi)] Q.27. Briefly explain any two functions of money. [CBSE 2004 Set II(Delhi)] Q.28. What is the basis of classifying government expenditure into: (i) revenue expenditure and non-plan expenditure? (ii) plan expenditure and non-plan expenditure? [CBSE 2004 Set II(Delhi)] Q29. Explain the effect of an increase in bank rate on credit creation by commercial banks. [CBSE 2004 Set II(Delhi)] Q.30. From the following data calculate gross national product at market price by (i) Income method and (ii) expenditure method (Rs crores) (i) Compensation of employees 400 (ii) Profits 250 (iii) Mixed income of self employed 300 (iv) Rent 80 (v) Interest 70 (vi) Private final consumption expenditure 700 (Vii) Net domestic capital formation 120 (viii) Consumption of fixed capital 100 (ix) Net exports (-)10 (x) Government final consumption expenditure 350 (xi) Net indirect taxes 60 (xii) Net factor income from abroad (-) 10 [CBSE 2004 Set II(Delhi)] Q.31 Will the following be a part of domestic factor income of India? Give reasons for your answer.

(i)Old age pension given by the government. (ii) factor income from abroad (i) Salaries to Indian resident in Russian Embassy In India. (ii) Profits earned by a company in which is owned by anon resident. 2004 Set II(Delhi)]

[CBSE

Q.32. Explain the equilibrium level of income with the help of saving exceed planned investment what changes will bring about the equality between them? [CBSE 2004 Set II(Delhi)] OR Distinguish between inflationary gap and deflationary gap. Show deflationary gap on a diagram Can this gap exist at equilibrium level of Income? [CBSE 2004 Set II(Delhi)]

C.B.S.E. PAPER -2004 (Annual) Modified ECONOMICS-XII SET-1(OUTSIDE DELHI)

Section- B Q.17. What is macro economics? [CBSE 2004 Set I(Outside Delhi)] Q.18. Give an example of a micro economics study. [CBSE 2004 Set I(Outside Delhi)] Q.19. What is meant by fiscal deficit? [CBSE 2004 Set I(Outside Delhi)] Q.20. When is there a deficit in the balance of trade? [CBSE 2004 Set I(Outside Delhi)] Q.21 What is gross capital formation? [CBSE 2004 Set I(Outside Delhi)] Q.22 What is meant by revenue deficit? What are the implications of this deficit? [CBSE 2004 Set I(Outside Delhi)] Q.23 Calculate net national disposable income from the following data: (Rs. Crores)

(i) Gross national product at factor cost (ii) Net current transfers from rest of the world (iii) Net indirect tax (iv) Consumption of fixed capital (v) Net factor income from abroad [CBSE 2004 Set I(Outside Delhi)]

800 50 70 60 (-) 10

Q.24 Give the meaning of marginal propensity to save and average propensity fo save. Can the value of average propensity to save be negative? If yes, when? [CBSE 2004 Set I(Outside Delhi)] Q.25 In an economy, the marginal propensity to consume is 0.75. Investment is increased by Rs 200 crores. Calculate the total increase in income and consumption expenditures. [CBSE 2004 Set I(Outside Delhi)] Q.26. How does a central bank control the availability of credit by open market operations? [CBSE 2004 Set I(Outside Delhi)] Q.27 Explain briefly any two objectives of a government budget. [CBSE 2004 Set I(Outside Delhi)] Q.28. State the four functions of money. Describe any one. [CBSE 2004 Set I(Outside Delhi)] Q.29. Distinguish between current account and capital account of balance of payments account. Mention any two transaction of capital account. [CBSE 2004 Set I(Outside Delhi)] Q.30From the following data calculate national income by (1) income method and (ii) expenditure methods: (Rs. crores) (i) Compensation of employees 1,200 (ii) New factor income from abroad (-)20 (iii) Net indirect tax 120 (iv) Profits 800 (v)Private final consumption expenditure 2000 (vi) Net domestic capital formation 770 (vii) Consumption of fixed capital 130 (viii) Rent 400

(ix) Interest (x) Mixed income of self employed (xi) Net exports (xii) Government final consumption expenditure [CBSE 2004 Set I(Outside Delhi)]

620 700 (-)30 1,100

Q.31 Will the following be included in domestic factor income of India? Give reasons for your answer. (i) Profits earned be a foreign bank from the its branches of India. (ii) Schorlorships given by government of India. (iii)Profits earned by a Government of India. His company in Singapore. Salaries received by Indian working in American Embassy in India. [CBSE 2004 Set I(Outside Delhi)]

Q.32 Explain the concept of Under employment equilibrium with the help of a diagram. Show on the same diagram the additional investment expenditure required to reach full employment equilibrium. [CBSE 2004 Set I(Outside Delhi)]

C.B.S.E PAPER-2004 (Annual) Modified ECONOMICS-XII SET-II (OUTSIDE DELHI)

SECTION-B Q.17.Give an example of a micro economic study. [CBSE 2004 Set II(Outside Delhi)] Q.18. What is meant by revenue deficit? [CBSE 2004 Set II(Outside Delhi)] Q.19. What is macro economics? [CBSE 2004 Set II(Outside Delhi)] Q.20. When will thee be a surplus in balance of trade? [CBSE 2004 Set II(Outside Delhi)] Q.21. How does monetary policy operate? [CBSE 2004 Set II(Outside Delhi)]

Q.22. Give the meaning of marginal propensity to save and average propensity to save? Can the value of average propensity to save be negative? If yes, whom? [CBSE 2004 Set II(Outside Delhi)] 3 Q.23. Calculate net national Disposable Income from the following data: ( Rs. Crores) (i) Gross domestic product at market price 1,000 (ii) Net factor income from abroad (-)20 (iii) Net indirect taxes 120 (iv) Consumption of fixed capital 100 (v) Net current transfers from rest of the world 50 [CBSE 2004 Set II(Outside Delhi)] Q.24. In an economy, the marginal propensity to consume is 0.95. Investment is increased by Rs. 100 crores Calculate the total increase in income e and consumption expenditure. [CBSE 2004 Set II(Outside Delhi)] Q.25. What is the basic of classifying government receipts into revenue receipts and capital receipts? Give an example of each? [CBSE 2004 Set II(Outside Delhi)] Q.26. Distinguish between current account and capital account of balance of payments account. Mention any two transactions of capital account. [CBSE 2004 Set II(Outside Delhi)] Q.27. State the four functions of money. Describe any one. [CBSE 2004 Set II(Outside Delhi)] Q.28. Explain briefly any two objectives of a government budget. [CBSE 2004 Set II(Outside Delhi)] Q.29. How does a central bank control the availability of credit by open market operation? Explain. [CBSE 2004 Set II(Outside Delhi)] Q.30 Explain the concept of under employment equilibrium with the help of a diagram.. Show on the same diagram the additional investment expenditure required to reach full employment equilibrium. [CBSE 2004 Set II(Outside Delhi)]

OR Explain the equilibrium level of income with the help of consumption + investment (C+I) curve. If planned savings is greater then planned investment. What adjustments will bring about equality between the two? [CBSE 2004 Set II(Outside Delhi)] Q.31. From the following data calculate national Income by (i) income method and (ii) expenditure. (Rs . Crores) (i) Compensation of employees 600 (ii) Government final consumption expenditure 550 (iii) Net factor income from abroad (-)10 (iv) Net exports (-) 15 (v) Profits 400 (vi) Net indirect tax 60 (vii) Mixed income of self employed 350 (viii)Rent 200 (ix) Interest 310 (x) Private final consumption expenditure 1,000 (xi) Net domestic capital formation 385 (xii) Consumption of fixed capital 65 [CBSE 2004 Set II(Outside Delhi)] Q.32 Will the following be included in domestic factor income of India? Give reasons for your answer. (i) Profits earned by a foreign bank from its branches In India. Scholarship given by government of India. (ii) Scholarship given by Government of India. (iii)Profits earned by a resident of India from his company in Singapore. (iv) Salaries received by Indians working in American Embassy in India. [CBSE 2004 Set II(Outside Delhi)]

C.B.S.E. PAPER-2004 (COMPTT.) Modified ECONOMICS-XII SET-1 (DELHI)

SECTION-B Q.17. Give meaning of macro economic. [CBSE 2004 Comppt. Set I( Delhi)] Q.18. Give one example of micro economics. [CBSE 2004 Comppt. Set I( Delhi)] Q.19. Define foreign exchange. [CBSE 2004 Comppt. Set I( Delhi)] Q.20. What is balance of trade. [CBSE 2004 Comppt. Set I( Delhi)] Q.21. What is meant by balance on current account? [CBSE 2004 Comppt. Set I( Delhi)] Q22. Calculate net value added at factor cost from the following (Rs. Lakhs) (i) Purchases of materials 30 (ii)Depreciation 12 (iii) Sales 200 (iv) Excise Tax 20 (v) Opening stock 15 (vi) Intermediate consumption 48 (vii) Closing stock 10 [CBSE 2004 Comppt. Set I( Delhi)] Q.23. If marginal propensity to consume is 0-9 and increase in investment is Rs 100 corers., Find out increase in national income. [CBSE 2004 Comppt. Set I( Delhi)] Q.24 Explain briefly the meaning of involuntary unemployment and full employment. [CBSE 2004 Comppt. Set I( Delhi)] Q.25 Explain the relation between foreign exchange rate and demand for foreign exchange. [CBSE 2004 Comppt. Set I( Delhi)] Q.26. Describe the impact of deflationary gap on output employment and price. [CBSE 2004 Comppt. Set I( Delhi)] Q.27. Explain the issue of currency function of a current bank. [CBSE 2004 Comppt. Set I( Delhi)] Q.28. Explain revenue receipts in a government budget with appropriate examples. [CBSE 2004 Comppt. Set I( Delhi)] .Q.29. Explain the concept of revenue deficit in a government budget. [CBSE 2004 Comppt. Set I( Delhi)]

Q.30. Distinguish between intermediate production and final products. Give reason, state whether the following are intermediate products or final productions: (i)Purchases of equipments for installation in a factory. (ii)Purchase of food items by a hotel. (iii)Purchase of armaments by military. [CBSE 2004 Comppt. Set I( Delhi)] Q.31. Find out(s) national income and (b) gross national disposable income from the following data: (Rs. Crores) (i) Private final consumption expenditure 400 (ii) Net current transfers from the rest of the world (-)5 (iii) Indirect taxes 65 (iv) Net Domestic capital formation 120 (v) Government final consumption expenditure 100 (vi) Consumption of fixed capital (depreciation) 20 (vii) Subsidies 5 (viii) Exports 30 (ix) Net factor income from abroad (-)10 (x) Imports 40 [CBSE 2004 Comppt. Set I( Delhi)] Q.32 Explain the role of taxation and government expenditure in reducing aggregate demand in and economy. [CBSE 2004 Comppt. Set I( Delhi)] OR Explain the role of reserve ratio and rate of interest in reducing aggregate demand in an economy. [CBSE 2004 Comppt. Set I( Delhi)] C.B.S.E PAPER-2004 (comptt.) Modified ECONOMICS-XII SET-1 (OUTSIDE DELHI) SECTION-B Q.17 Give meaning of micro economics. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.18. Give one example of Macro economics. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.19. Define foreign exchange rate. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.20. Give meaning of balance of payments. [CBSE 2004 Comppt. Set I(Outside Delhi)]

Q.21 Define excess demand. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.22. Calculate gross value added at market prices from the following (Rs in Lakhs) (i) Intermediate cost 8 (ii)Closing stock 5 (iii) Sales 30 (iv) Net indirect tax 6 (v) Subsidy 1 (vi) Depreciation 3 (vii) Opening stock 4 [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.23. If marginal propensity to save is 0.1 and increase in national incomes Rs 500 crores. Calculate increase in investment. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.24 Explain briefly the meaning of excess demand and deficient demand in an economy. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.25. Explain the relation between foreign exchange rate and supply of foreign exchange. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.26 What is a government budget? Name two sources each of non-tax revenue receipts and capital receipts. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.27. How does a central bank control the avail ability of credit by open market operations? Explain. [CBSE 2004 Comppt. Set I(Outside Delhi)] 37 28. Distinguish between average propensity to save and marginal propensity to save. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q29. Briefly explain any two functions of money. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.30. Distinguish between a factor payment and a transfer payment. Give reasons, state whether the following are included in national income or not. (i) Brokerage payment on sale of shares. (ii) Interest payment on loan taken by an individual to buy, (iii)Festival gift by an employer to his employees. [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.31 Calculate (a) net national product at market price, (b) gross national disposable income (Rs. in crores) (i) Private final consumption expenditure 200

(ii) Net indirect tax 20 (iii) Change in stocks (-)5 (iv) Net current transfers from abroad (-)10 (v) Government final consumption expenditure 50 (vi) Consumption of fixed capital (depreciation) 15 [CBSE 2004 Comppt. Set I(Outside Delhi)] Q.32 Explain two fiscal policy measures for increasing aggregate demand in an economic. [CBSE 2004 Comppt. Set I(Outside Delhi)] OR Explain two monetary policy measures for increasing aggregate demand in an economy. [CBSE 2004 Comppt. Set I(Outside Delhi)]

C.B.S.E.PAPER-2005 (ANNUAL) Modified ECONOMICS-XII SET-1(DELHI) SECTION-B Q.17 Why is repayment of loan a capital expenditure? [CBSE 2005 Set I(Delhi)] Q.18 Define micro economics. [CBSE 2005 Set I(Delhi)] Q.19. What is meant by balance of trade? [CBSE 2005 Set I(Delhi)] 40 Q.20. Give two example of micro economic studies. [CBSE 2005 Set I(Delhi)] Q21 What is multiplier? [CBSE 2005 Set I(Delhi)] Q.22. From the following date about firms calculate gross value added at factor cost by it: (Rs.In thousand) (i)Sales 500 (ii) Opening stock 30 (iii) Closing stock 20 (iv) Purchase of intermediate product 300 (v) Purchase of machinery 150 (vi) Subsides 40

[CBSE 2005 Set I(Delhi)] Q.23. Explain the meaning of deflationary gap with the help of a diagram. [CBSE 2005 Set I(Delhi)] Q,24. What is meant by revenue deficit? What are its implications? [CBSE 2005 Set I(Delhi)] Q.25.Complete the following table: Level of income Consumption (Rs.) expenditure (Rs.) 400 240 500 320 600 395 700 465 [CBSE 2005 Set I(Delhi)]

Marginal propensity to consume -------------

Marginal propensity to save -------------

Q.26. Differentiate between national income and national income accounting. [CBSE 2005 Set I(Delhi)] Q.27. What is meant by visible and invisible items in the balance of payments account? Give two examples of invisible items. [CBSE 2005 Set I(Delhi)] OR What is meant by foreign exchange rate? Give three reasons why people desire to have foreign exchange. [CBSE 2005 Set I(Delhi)] Q.28 Differentiate between GDP and GNP. [CBSE 2005 Set I(Delhi)] Q.29. What is meant by fiscal deficit and revenue deficit? What problems can fiscal deficit rate? [CBSE 2005 Set I(Delhi)] Q.30. From the following data, calculate: (a) Personal disposable income and (b) National income 3,3(in crores) (i) Private Income 3000 (ii) Compensation of employees 800

(iii) Mixed income of self employed 900 (iv) Net factor income from abroad (-) 50 (ii) Net retained earnings of private Enterprises 600 (vi) Rent 350 (vii) Profit 600 (viii) Consumption of fixed capital 200 (ix) Direct taxes paid by households 200 (x) Corporation tax 350 (xi) Net indirect taxes 250 (xii) Net export (-)70 (xiii) Interest 450 [CBSE 2005 Set I(Delhi)] Q.31 Explain the working of investment multiplier with the help of numerical example. [CBSE 2005 Set I(Delhi)] OR In a economy planned savings exceed planned investment, How will the equality between the two be achieved ? Explain. [CBSE 2005 Set I(Delhi)] Q.32. Distinguish between the following giving suitable examples in support of your answer: (a) Domestic product and national product. (b) Intermediate product and final product. [CBSE 2005 Set I(Delhi)] C.B.S.E. PAPER-2005 (ANNUAL) Modified Economics-XII Set-II (DELHI) SECTION-A SECTION-B Q.19 Why is payment of interest a revenue expenditure? [CBSE 2005 Set II(Delhi)] Q.22. From the following data about firm A Calculate its gross value added at factor cost; (Rs in thousand) (i) Opening stock 50 (ii) Closing stock 40 (iii) Subsidy 60 (iv) Purchase of intermediate products 450 (v) Sales 750 (vi) Purchase of machinery 200

[CBSE 2005 Set II(Delhi)] Q.24 Complete the following table: Level of Income Consumption (Rs.) Expenditure (Rs) 100 100 200 190 300 275 400 355 [CBSE 2005 Set II(Delhi)] Q.31 From the following data, calculate: (a) Personal disposable income and (b) National income (i) Private income (ii) New retained earning of private enterprises (iii) Net factor income from abroad (iv) Corporation tax (v) Direct taxes paid by households (vi) Compensation of employees (vii) Mixed income of self employed (viii) Rent (ix) Interest (x) Profit [CBSE 2005 Set II(Delhi)] Rs (in crores) 4,000 400 (-)60 450 400 1,500 1,400 300 400 1,000

Marginal Propensity to consume -------------

Marginal propensity to save -------------

C.B.S.E. PAPER-2005 (Annual) Modified ECONOMICS-XII SET-1 (OUTSIDE DELHI)

SECTION-B Q.17 Define micro economics. [CBSE 2005 Set I(Outside Delhi)] Q.18. Give two examples of macro-economics studies. [CBSE 2005 Set I(Outside Delhi)]

Q.19. Why are borrowings treated as capital receipts. [CBSE 2005 Set I(Outside Delhi)] Q.20. What is meant by balance of payments account? [CBSE 2005 Set I(Outside Delhi)] Q.21. Mention the effect of the sale of old scoter on national income. [CBSE 2005 Set I(Outside Delhi)] Q.22. Explain the meaning of equilibrium level of national income, with the help of a diagram. [CBSE 2005 Set I(Outside Delhi)] Q.23 From the following data about a firms calculate net value added at market price by it: (Rs. in thousands) (i) Sales 700 (ii) Change in stock 40 (iii) Depreciation 80 (iv) Net indirect tax 100 (v) Purchase of machinery 250 (vi) Purchase of intermediate products 400 [CBSE 2005 Set I(Outside Delhi)] Q.24 What is the basis of classifying government expenditure into revenue expenditure and capital expenditure? Give an example of each. [CBSE 2005 Set I(Outside Delhi)] Q.25. Comlete the following table: Income(Rs) Consumption Expenditure (Rs) 1000 1200 1400 1000 1960 1210

Marginal propensity to consume -----------

Marginal propensity to save ---------------

1600 1350 ---[CBSE 2005 Set I(Outside Delhi)]

Q.26. Explain factors that determine money supply. [CBSE 2005 Set I(Outside Delhi)]

Q.27..Explain the meaning and implications of fiscal deficit. [CBSE 2005 Set I(Outside Delhi)] Q.28 List four items each of current account and capital account of the balance of payments account? [CBSE 2005 Set I(Outside Delhi)] OR Mention four sources each of demand and supply of foreign exchange. [CBSE 2005 Set I(Outside Delhi)] Q.29 Explain the role of central bank of government agent and advisor. [CBSE 2005 Set I(Outside Delhi)] Q.30Explain briefly the distinction between: (a) Gross domestic product at factor cost and Net national product t market price. (b)National income and Net National disposable income. [CBSE 2005 Set I(Outside Delhi)] Q.31 Distinguish between inflationary gap and deflationary gap. Show deflationary gap on a diagram. Can this gap exist at equilibrium level of income? [CBSE 2005 Set I(Outside Delhi)] Q.32 From the following data, calculate: (a) National income, and (b) Personal disposable income. (Rs in crores) (i) Compensation of employees 1200 (ii) Rent 400 (iii) Profit 800 (iv) Consumption of fixed capital 300 (v) Mixed income of self employed 1000 (vi) Private income 3600 (vii) Net factor income from abroad (-)50 (viii) Net retained earnings of private enterprises 200 (ix) Interest 250 (x) Net direct taxes 350 (xi) Net exports (-) 60 (xii) Direct taxes paid by households 150 (xiii) Corporation tax 100 [CBSE 2005 Set I(Outside Delhi)]

C.B.S.E PAPER-2005 (Annual) Modified ECONOMICS-XII SET-II (OUTSIDE DELHI) SECTION-A Q.25. From the following data about a firm Y, calculate net value added at market price by it (Rs. thousand) (i) Sales (ii) Depreciation (iii) Net indirect taxes (iv) Purchases of intermediate products (v) Change in stock (vi) Purchase of machinery [CBSE 2005 Set II(Outside Delhi)] Q.30 From the following data, calculate: (i)Compensation of employees (ii) Rent (iii) Interest (iv) Private income (v) Net indirect taxes (vi) Profit (vii) Mixed income of self-employed (viii) Corporation tax (ix) Net retained earnings of private enterprises (x) Net factor income from abroad (xi) Direct taxes paid by household (xii) Net exports (xiii) Consumption of fixed capital [CBSE 2005 Set II(Outside Delhi)] (Rs. in crores) 800 300 500 2500 150 700 600 100 50 (-)50 70 (-)40 (-) 80 300 20 30 150 (-) 10 100

C.B.S.E. PAPER-2005 (Comptt.) Modified ECONOMIC-XII SET-1 (DELHI) SECTION-A

SECTION-B

Q.17. Define macro economics. [CBSE 2005 Comppt. Set I( Delhi)] Q.18 Give one examples showing the difference between microeconomics and macroeconomics. [CBSE 2005 Comppt. Set I( Delhi)] Q.19. What is government budget? [CBSE 2005 Comppt. Set I( Delhi)] 48 Q.20. A countrys balance of trade is Rs.100 crores and value of exports of goods is Rs 175 crores. Find out value of import of goods. [CBSE 2005 Comppt. Set I( Delhi)] Q.21. What is money as stoke of value? [CBSE 2005 Comppt. Set I( Delhi)] Q.22. Calculate Gross Value Added at factor Cost from the following data: (Rs. Lakhs) (i) Consumption of fixed capital 5 (ii) Sales 100 (iii) Subsidies 2 (iv) Closing stock 10 (v) Purchases of raw materials 50 (vi) Opening stock 15 (vii) Indirect taxes 20 [CBSE 2005 Comppt. Set I( Delhi)] Q.23. State the meaning and components of aggregate demand. [CBSE 2005 Comppt. Set I( Delhi)] Q.24. As a result of increase in investment by Rs. 20 crores, national income rises by Rs 100 crores. Find our marginal propensity to consume. [CBSE 2005 Comppt. Set I( Delhi)] Q.25. Distinguish between revenue receipts and capital receipts in a government budget. Give example of each. [CBSE 2005 Comppt. Set I( Delhi)] Q.26. Explain the medium of exchange function of money. [CBSE 2005 Comppt. Set I( Delhi)]

Q.27. Explain the acceptance of deposits function of commercial banks. [CBSE 2005 Comppt. Set I( Delhi)] Q.28. Explain the concepts of revenue deficit in a government budget. What does this deficit indicate? [CBSE 2005 Comppt. Set I( Delhi)] Q.29 State two sources of demand and two sources of supply of foreign exchange. [CBSE 2005 Comppt. Set I( Delhi)] Q.30 Differentiate between factor payment and transfer payment. Explain briefly the concept of mixed income of self employed. [CBSE 2005 Comppt. Set I( Delhi)] Q.31. Calculate (i) Net domestic product at factor cost: and ( ii) Personal income from the following data; (Rs. Crores) (i)Private final consumption 700 (ii) Savings of none departmental enterprises 20 (iii) net domestic fixed capital formation 100 (iv) Undistributed profits 5 (v) Changes in stock 10 (vi) Corporation tax 35 (vii) Net exports 40 (viii) Income form property and enterpreneuring Accruing to the government administrative Department 30 (ix) National debt interest 40 (x) Government final consumption exp. 150 (xi) Net factor income from abroad 25 (xii) current transfers from the abroad (-)10 (xiii) Net current transfers from the rest of the world 10 (xiv) Net indirect taxes 60 (xv) Personal taxes 35 [CBSE 2005 Comppt. Set I( Delhi)] Q.32. Explain the different items included in invisible non material items of goods. [CBSE 2005 Comppt. Set I( Delhi)]

C.B.S.E.P PAPER-2005 (Comptt.) Modifed ECONOMICS-XII SET-II (DELHI)

C.B.S.E.P PAPER-2006 (Annual) Modifed ECONOMICS-XII SET-I (DELHI) SECTION-B Q.17 Define macro economics. [CBSE 2006 Set I( Delhi)] Q.18. In a government budget, revenue deficit is Rs 50,000 crores and borrowings are rs 75,000 crores. How much is the fiscal deficit? [CBSE 2006 Set I( Delhi)] Q.19. When will balance of trade show a deficit? [CBSE 2006 Set I( Delhi)] Q.20 Why is the study of the problem of unemployment in India considered a macro economics study? [CBSE 2006 Set I( Delhi)] Q.21 Explain factors that affect savings. [CBSE 2006 Set I( Delhi)] Q.22. Define NNP at market price. [CBSE 2006 Set I( Delhi)] Q.23. From the following data, calculate, gross value added at factor cost: Rs (in lakhs) (i) Sales 180 (ii)Rent 5 (iii) Subsidies 10 (iv) Change ins stock 15 (v) Purchases of raw materials 100 (vi) Profits 25 [CBSE 2006 Set I( Delhi)] Q.24. Explain the meaning of investment multiplier. When can be its minimum value and why? [CBSE 2006 Set I( Delhi)] Q.25.What is the impact of excess demand? [CBSE 2006 Set I( Delhi)]

Q.26. State the basis of classifying government expenditure into revenue and capital expenditure. Give an example of each. [CBSE 2006 Set I( Delhi)] Q.27. Define circular flow of income. What are the two basic principles involved in circular flow of income. [CBSE 2006 Set I( Delhi)] Q,28 Briefly explain any three components of aggregate demand. [CBSE 2006 Set I( Delhi)] Q.29.Distinguish between revenue expenditure. [CBSE 2006 Set I( Delhi)] Q.30 Explain the store of value furniture of money. [CBSE 2006 Set I( Delhi)] Q.31 Calculate gross national product at market price from the following data by (a) income method, and (b) expenditure method. (i) Mixed income of self employed (ii) Corporate tax (iii) Interest (iv) Rent (v) Undistributed profits (vi) Dividends (vii) Employers contribution to social Security schemes (viii) Compensation (ix) Government final consumption expenditure (x) Private final consumption Expenditure (xi) Net factor income to abroad (xii) Gross capital formation (xiii) Change in stocks (xiv) Net indirect taxes (xv) Consumption of fixed capital (xvi) Net exports [CBSE 2006 Set I( Delhi)] Rs. (in crores) 800 50 100 80 150 70 120 1,200 730 1580 20 300 40 100 50 (-) 10

C.B.S.E.P PAPER-2006 (ANNUAL ) Modifed ECONOMICS-XII SET-I (OUTSIDE DELHI) SECTION-B Q.17. In a government budget, primary deficit is Rs 10,000 crores and interest payment is Rs 8,000 crores. How much is the fiscal deficit? [CBSE 2006 Set I( Outside Delhi)] Q.18.Give two examples of macro economic variables. [CBSE 2006 Set I( Outside Delhi)] Q.19. Define macro economics. [CBSE 2006 Set I( Outside Delhi)] Q.20. When will balance of trade show a surplus? [CBSE 2006 Set I( Outside Delhi)] Q.21. what is deficit budget? [CBSE 2006 Set I( Outside Delhi)] Q.22. From the following data calculate gross value added at factor cost? (Rs in lakhs) (i) Net indirect tax 20 (ii) Purchase of intermediate products 120 (iii) Purchase of machines 300 (iv) Sales 250 (v) Consumption of fixed capital 20 (vi) Change in stock 30 [CBSE 2006 Set I( Outside Delhi)] Q.23 What is meant by investment multiplier? Explain the relationship between marginal propensity to consume and investment multiplier. [CBSE 2006 Set I( Outside Delhi)] Q.24. Define average propensity to save and marginal propensity to save. Can the value of average propensity to save be negative? Give reasons for your answer. [CBSE 2006 Set I( Outside Delhi)] Q.25. What is meant by general increase in price level? [CBSE 2006 Set I( Outside Delhi)] Q.26. How does a central bank perform the function of controller of credit? [CBSE 2006 Set I( Outside Delhi)] Q,27 What role of RBI is known as lender of last resort? [CBSE 2006 Set I( Outside Delhi)]

Q.28 Define foreign exchange rate. Why does the demand for foreign exchange rise when its price falls? [CBSE 2006 Set I( Outside Delhi)] Q.29 Explain the meaning of investment multiplier. What can be minimum value and why? [CBSE 2006 Set I( Outside Delhi)] 54 Q.30. From the following date, calculate national income by (a) income method, and (b) expenditure method; Rs ( in crores) (i) Private final consumption expenditure (ii) Net capital formation (iii) Change in stock (iv) Compensation of employees (v) Rent (vi) Interest (vii) Operating surplus (viii) Net indirect tax (ix) Employers contribution to social security schemes (x) Net Exports Tax (xi) Net factor income from abroad (xii) Government final consumption expenditure (xiii) Consumption of fixed capital [CBSE 2006 Set I( Outside Delhi)] 2,000 400 50 1,900 200 150 720 400 100 20 (-)20 600 100

Q.31 Why must aggregate demand be equal to aggregate supply at the equilibrium level of income and output? Explain with the help of a diagram? [CBSE 2006 Set I( Outside Delhi)] Q.32 Will the following factor incomes be a part of domestic factor income o India? Give reasons for our answer. (i) Profit earned by foreign banks from their branches in India. (ii) Salary received by Indian residents, working in American Embassy in India. (iii) Profits earned by an Indian company from its branch in Singapore. C.B.S.E.P PAPER-2006 (Comptt.) Modifed ECONOMICS-XII SET-I (DELHI) SECTION-B Q.17 Define macro economics. [CBSE 2006 Comppt.Set I(Delhi)]

Q.18. Give one example each micro economics and macro economics. [CBSE 2006 Comppt.Set I(Delhi)] Q.19. What does balance of payments account record? [CBSE 2006 Comppt.Set I(Delhi)] Q.20 What is the balance of visible items in the balance of payments account called? [CBSE 2006 Comppt.Set I(Delhi)] 56 Q.21 What is the difference between the value of exports of goods and imports of goods called? [CBSE 2006 Comppt.Set I(Delhi)] Q.22. Calculate net value added at market price from the following date; Rs (in crore) (i) Depreciation 5 (ii) Sales 100 (iii) Opening stock 20 (iv) Intermediate consumption 70 (v) Excise duty 10 (vi) Change in stock (-) 10 [CBSE 2006 Comppt.Set I(Delhi)] Q.23. In an economy investment increased by Rs.120 crores. The value of investment multiplier is 4 .calculate by marginal propensity to consumes. [CBSE 2006 Comppt.Set I(Delhi)] Q.24. What is deflationary gap? State two means to remove it. [CBSE 2006 Comppt.Set I(Delhi)] Q.25 What is liquidity trap? [CBSE 2006 Comppt.Set I(Delhi)] Q.26Explain the medium of exchange function of money[CBSE 2006 Comppt.Set I(Delhi)] OR What is monetary policy. [CBSE 2006 Comppt.Set I(Delhi)]? Q.27 Describe the banker to the government function of the central bank. [CBSE 2006 Comppt.Set I(Delhi)] Q.28 What are the implications of downsizing the role of the government? Explain. [CBSE 2006 Comppt.Set I(Delhi)] Q.29 What does fiscal deficit in a government budget mean? What are its implications. [CBSE 2006 Comppt.Set I(Delhi)] Q.30 Explain the following terms giving suitable examples; (i)final products

(ii) Intermediate expenditure (iii) Transfer payment. [CBSE 2006 Comppt.Set I(Delhi)] Q.31 Explain the roles of (a) bank policy, and b) changes in government expenditure in solving the problems of deficient demand in an economic[CBSE 2006 Comppt.Set I(Delhi)] Q.32. Calculate (a) Net national disposable income, and (b) Private income from the following date: Rs(n crores) (i) Net indirect tax 90 (ii) Compensation of employees 400 (iii) Personal taxes 100 (iv) Operating surplus 200 (v) Corporate profit tax 80 (vi) Mixed income of the self employed 500 (vii) National debt interest 70 (viii) Saving of non-departmental enterprises 40 (ix) Current transfer from government 60 [CBSE 2006 Comppt.Set I(Delhi)] C.B.S.E.P PAPER-2006 (Comptt.) Modifed ECONOMICS-XII SET-I ( Outside DELHI)

Section-B Q.17. What is macro economics all about? [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.18 Define micro economics. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.19 What is a government budget? [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.20 Name two sources of demand for foreign exchange. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.21 When will balance of trade show a surplus? [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.22 Calculate personal disposable income from the following data: Rs. (In crore) (i) Net current transfers 3 From the rest of the world (ii) Private income 200

(iii) Personal taxes (iv) National debt interest (v) Corporate profit tax (vi) Undistributed profits [CBSE 2006 Comppt.Set I( Outside Delhi)]

30 5 20 10

Q.23. In an economy investment increase by Rs 600 crores. If marginal propensity to economy is 0.7,.What is the increase in total national income? [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.24. Give meaning of involuntary unemployment, under employment and full employment. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.25. Define revenue and capital receipt in a government budget. Give one example of each. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.26. Explain the bankers bank and supervisor function of the central bank. [CBSE 2006 Comppt.Set I( Outside Delhi)] OR Explain why public goods must be provided by the government. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.27. Explain unit of value function of money. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.28 What is budget deficit? What is primary deficit and what does it indicate? [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.29. Giving reasons state whether the following are included in national income: (i) Transport expenses by a firm (ii)Expenditure on construction of a house. (iii)Gift received from employer (iv) Purchase of a machinery by a factory. (v) Salary received by a Indian resident working in U.S Embassy in New Delhi (vi) Interest paid on loan taken to buy a person car. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.30 Distinguish between current account and the capital account of the balance of payments. State two components of each. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.31. Define capital receipts. Describe the measures of capital receipts. [CBSE 2006 Comppt.Set I( Outside Delhi)] Q.32 Calculate (a) National income, and (b) Net National disposable income from the following date:

(i)

Net current transfer from the rest of the World (ii) Private final consumption expenditure (iii) Net factor income paid to abroad (iv) Government final consumption expenditure (v) Subsidies (vi) Net domestic fixed capital formation (vii) Indirect tax [CBSE 2006 Comppt.Set I( Outside Delhi)]

Rs. (in crore) 5 300 10 100 20 80 70

C.B.S.E. PAPER-2007 (Annual.) Modified ECONOMICS-XII SET-I (DELHI) Section-B Q.17 Define macroeconomics. [CBSE 2007 Set I(Delhi)] Q.18 Give two examples of macro economics studies. [CBSE 2007 Set I(Delhi)] Q.19 What does balance of payments account of a country record? [CBSE 2007 Set I(Delhi)] Q. 20. Name the items included in balance of trade account. [CBSE 2007 Set I(Delhi)] Q.21. What is full employment level of output? [CBSE 2007 Set I(Delhi)] Q.22 Calculate Private income from the following data: (Rs crores) (i)National debt interest 30 (ii) Gross national product at market price 400 (iii) Current transfers from government 20 (iv) Net indirect taxes 40 (i) Net current transfers from the rest Of the world (-) 10 (ii) Net domestic product at factor cost Accruing to government 50

(viii) Consumption of fixed capital [CBSE 2007 Set I(Delhi)]

70

Q.23A Rs 200 crore increase in investment leads to a rise in national income by Rs 1000crores Find out marginal propensity to consume [CBSE 2007 Set I(Delhi)] Q.24.Give meaning of: (i) involuntary unemployment, (ii) full employment (iii)under, employment equilibrium [CBSE 2007 Set I(Delhi)] Q.25. Give three sources each of demand and supply of foreign exchange. [CBSE 2007 Set I(Delhi)] Q.28. distinguish between revenue receipt and capital receipt and give two examples of each. [CBSE 2007 Set I(Delhi)] Q.29 What is fiscal deficit? What are its implications? [CBSE 2007 Set I(Delhi)] Q.30 Calculate national income and gross national disposable income from the following date: (Rs. crores) (i) Current transfers by government 15 (ii) Private final consumption expenditure 100 (iii) Net current transfers from the rest of the world 20 (iv) Government final consumption expenditure 400 (v) Net factor income from abroad (-) 10 (vi) Net domestic capital formation 80 (vii) Consumption of fixed capital 50 [ CBSE 2007 Set I(Delhi)] Q.31 What kind of items are not included in GNP measurement? [CBSE 2007 Set I(Delhi)]

C.B.S.E.P PAPER-2007 (Annual) Modified ECONOMICS-XII SET-I (Outside Delhi) SECTION-B

Q.17 Define macro economics.[CBSE 2007 Set I(Outside Delhi)] Q.18. Give two examples of the study of aggregates of the economic system. [CBSE 2007 Set I(Outside Delhi)] Q.19 List two items of the capital account of balance of payment account. [CBSE 2007 Set I(Outside Delhi)] Q .20. What is the difference between the values of exports of goods and imports of goods called? [CBSE 2007 Set I(Outside Delhi)] Q.21. What are the current transfers? [CBSE 2007 Set I(Outside Delhi)] Q.22 Calculate personal income from the following date Rs (in crors) (i) Undistributed profits of corporate 20 (ii) Net domestic product accruing to the Private sector 500 (iii) Corporation tax 55 (iv) Net factor income from abroad (-)10 (v) Net current transfers from government 15 (vi) National debt interest 40 (vii)Net current transfers from the rest Of the world 15 [CBSE 2007 Set I(Outside Delhi)] Q.23. An increase in investment leads to total rise in national income by Rs 500 Crores. If marginal propensity to consume is 0.9, what is the increase in investment? Calculate[CBSE 2007 Set I(Outside Delhi)] Q.24. Give meanings of (i) aggregate demand (ii) aggregate supply, and the excess demand. [CBSE 2007 Set I(Outside Delhi)] Q.25. How is foreign exchange rate determined? Use diagram[CBSE 2007 Set I(Outside Delhi)] Q.26. Explain briefly the main steps taken to estimate national income by production method. [CBSE 2007 Set I(Outside Delhi)]

OR List out the terms of capital accounts. [CBSE 2007 Set I(Outside Delhi)] Q.27 Explain briefly the banker to the government function of the central bank. [CBSE 2007 Set I(Outside Delhi)]

Q,28 Distinguish between revenue expenditure deficit and capital expenditure. Give two example of each. [CBSE 2007 Set I(Outside Delhi)] Q29. Distinguish between fiscal deficit and revenue deficit. What does fiscal deficit indicate? [CBSE 2007 Set I(Outside Delhi)] Q.30 Calculate gross national product at market price and net national disposable income from the following data; (i) Current transfers from government 25 (ii) Compensation of employees 600 (iii) Nt current transfers from the rest of the world 20 (iv) Rent 100 (v) Consumption of fixed capital 50 (vi) Interest 120 (vii) Net indirect tax 110 (viii) Profit 80 (ix) mixed income of the self-employed 200 Net factor income from abroad -(10) [CBSE 2007 Set I(Outside Delhi)] Q.31 What is fiscal policy? How is it used to reduce excess demand in the economy? [CBSE 2007 Set I(Outside Delhi)] Q32. Distinguish between deficient and excess demand in macro economics. Explain the role of open market operations in correcting excess demand. [CBSE 2007 Set I(Outside Delhi)]

C.B.S.E EXAMINATION PAPER-2008 (ANNUAL) Economics-XII SET-III (Delhi) Q.20 What is under employment equilibrium? [CBSE 2008 Set III(Delhi)] Q.21 What is consumption function ? [CBSE 2008 Set III(Delhi)] Q.25 Calculate sales from the following data : (Rs. in lakhs) (i) Net value added at factor cost 300 (ii) Intermediate tax 200 (iii) Indirect tax 20 (vi) Depreciation 30 (v) Change in stocks (-)50 [CBSE 2008 Set III(Delhi)] Q.29 If marginal propensity to consume is 0.9, what is the value of multiplier? How much investment is needed to increase national income by Rs.5000 crores? Calculate. [CBSE 2008 Set III(Delhi)] Q.32 Calculate national Income and Net national Disposable Income from the following data : (Rs. in lakhs) (i) Net current transfers to abroad 15 (ii) Net exports (-) 20 (iii) private final consumption expenditure 400 (vi) Net factor income to abroad 10 (v) Government find consumption expenditure 100 (vi) indirect tax 30 (vii) Net domestic capital formation 50 (viii) Change in stocks 7 (ix) Subsidy 5 [CBSE 2008 Set III(Delhi)] C.B.S.E EXAMINATION PAPER-2008 (ANNUAL) Economics-XII SET-I (Outside Delhi) SECTION-B Q.17. Define aggregate supply. [CBSE 2008 Set I(Outside Delhi)]

Q.18. Give meaning of deficient demand. [CBSE 2008 Set I(Outside Delhi)] Q19. What is commercial bank? [CBSE 2008 Set I(Outside Delhi)] Q.20. Define government budget. [CBSE 2008 Set I(Outside Delhi)] Q.21. What is fixed exchange rate system? [CBSE 2008 Set I(Outside Delhi)] Q.22. Calculate net value added at factor cost form the following data: (Rs in lakhs) (i) Depreciation 20 (ii) Intermediate cost 90 (iii) Subsidy 5 (iv) Sales 140 (v) Exports 7 (vi) Change in stock (-) 10 (vii) Imports of raw materials 3 [CBSE 2008 Set I(Outside Delhi)] Q.23. When exchange rate of foreign currency falls, its demand rises, Explain how. [CBSE 2008 Set I(Outside Delhi)] Q.24. Distinguish between balance of trade and balance on current account. [CBSE 2008 Set I(Outside Delhi)] Q.25. Explain the medium of exchange function of money. [CBSE 2008 Set I(Outside Delhi)] OR Explain the evolution of money. [CBSE 2008 Set I(Outside Delhi)] Q.26. Define foreign exchange rate. Why does the demand for foreign exchange rise when its price falls. [CBSE 2008 Set I(Outside Delhi)] Q.27. In an economy an increase n investment. Calculate marginal propensity to consume. [CBSE 2008 Set I(Outside Delhi)]

Q.28.Explain the lending function of commercial banks. [CBSE 2008 Set I(Outside Delhi)] OR Explain banker to the government function of central bank. [CBSE 2008 Set I(Outside Delhi)] Q.29 What is revenue deficit? What are its implications? [CBSE 2008 Set I(Outside Delhi)] Q.30 Calculate National Income and private income from the following data: (Rs in crores) (i) Net current transfers to the rest to the world 10 (ii) Private final consumption Expenditure 600 (iii)National debt interest 15 (iv) Net exports (-)20 (v) Current transfers form government 5 (vi) Net domestic product at factor cost 25 accruing to government. (vii) Government final consumption expenditure 100 (viii) Net indirect tax 30 (ix) Net domestic capital formation 10 (x) Net factor income capital formation 10 [CBSE 2008 Set I(Outside Delhi)] Q.31 Explain, consumption, with the help of a schedule and diagram. [CBSE 2008 Set I(Outside Delhi)] OR Explain saving function with the help of a schedule Also record marginal propensity to save in the schedule. [CBSE 2008 Set I(Outside Delhi)] Q.32. Giving reasons, explain how the following are treated in estimating national income. (i) Wheat grown by a farmer but used entirely 2,2,2, for familys consumption. (ii)Earnings of the shareholders from the sale of shares. (iii)Expenditure by government on providing free deduction. [CBSE 2008 Set I(Outside Delhi)]

C.B.S.E EXAMINATION PAPER-2008 (ANNUAL) Economics-XII SET-II ( Outside Delhi) Q.26. Calculate gross value added at market price from the following data: Rs. Lakhs (i) Depreciation 15 (ii) Sales in the domestic market 250 (iii) Exports 50 (iv) Opening stock 20 (v) Purchase of raw material 150 (vi) Closing stock 30 (vii) Import of raw material 25 [CBSE 2008 Set I(Outside Delhi)] Q.28. If marginal propensity to save is 0.2, How much new investment is required to make the national income rise by Rs 600 crores? Calculate. [CBSE 2008 Set I(Outside Delhi)] Q.31. Calculate Gross National Product at Market Price and Personal Income from the following data Rs. in crores (i) Corporation tax 35 (ii) Wages and salaries 200 (iii) National debt interest 25 (iv) Operating surplus 400 (v)Net current transfers from abroad 15 (vi)Net factor income from abroad (-)10 (vii) Consumption of fixed capital 20 (viii) Social Security contributions by employers 30 (ix) Net indirect tax 40 (x)Net domestic product at factor cost accruing to the private sector 500 (xi) Current transfers from government 5 [CBSE 2008 Set I(Outside Delhi)] C.B.S.E EXAMINATION PAPER-2008 (ANNUAL) Economics-XII SET-III (Outside Delhi) Q.25 Calculate Gross Value Added at factor from the following data: Rs in Lakhs (i) Sales tax 20 (ii) Sales 400 (iii) Purchase of raw material 250

(iv) Excise duty (v) Change in stocks (vi) Import of raw material (vii) Depreciation [CBSE 2008 Set I(Outside Delhi)]

30 (-) 40 12 9

Q.28. Distinguish between: (i) Balanced budget and surplus. (ii) Development expenditure and non-developmental expenditure. [CBSE 2008 Set I(Outside Delhi)] Q.29. Calculate Net national Product at Market Price and Private Income from the following: Rs in crores (i) Net factor income from abroad (-)5 (ii) Private final consumption 100 (iii) Personal tax 20 (iv) Gross national disposable income 170 (v) Government final consumption expenditure 20 (vi) Corporation tax 15 (vii) Gross domestic capital formation 30 (viii) Personal disposable income 70 (ix) Net exports (-)10 (x) Savings of private corporate sector 5 (xi) Net national disposable income 145 [CBSE 2008 Set I(Outside Delhi)]

C.B.S.E EXAMINATION PAPER-2009 (ANNUAL) Economics-XII SET-I (Delhi)

SECTION-17 Q.17. Why is repayment of loan a capital expenditure? [CBSE 2009 Set I(Delhi)]

Q.18. What is meant by excess demand in Macroeconomics? [CBSE 2009 Set I(Delhi)] Q.19. Define monopoly? [CBSE 2009 Set I(Delhi)] Q.20. Define bank rate? [CBSE 2009 Set I(Delhi)] Q.21. Define involuntary unemployment? [CBSE 2009 Set I(Delhi)] Q.22. Complete the following table: Income Saving Marginal Propensity to consume 0 -12 ---20 -6 ----40 0 ----60 6 ----[CBSE 2009 Set I(Delhi)] Average Propensity to save ----------------

Q.23. State any three points of distinction between Central Bank and Commercial Bank? [CBSE 2009 Set I(Delhi)] Q.24. How can a government budget help in reducing inequalities of income? Explain. [CBSE 2009 Set I(Delhi)] Q.25. Explain the circular flow of income? [CBSE 2009 Set I(Delhi)] OR Distinguish between intermediate products and final products. Give example. [CBSE 2009 Set I(Delhi)] Q.26 List the items of the current account of balance of payments. Also define balance of trade? [CBSE 2009 Set I(Delhi)] Q.27. Explain the meaning and two merits of fixed foreign exchange rate? [CBSE 2009 Set I(Delhi)] OR Explain two sources each of demand and supply of foreign exchange? Q.28. State the four function of money? Explain any one of them. [CBSE 2009 Set I(Delhi)] Q.29. Distinguish between: (i) Direct tax and indirect tax (ii) Revenue deficit and fiscal deficit[CBSE 2009 Set I(Delhi)] Q.30. How will treat the following while estimating domestic factor income of India? Give reasons for your answer.

(i) Remittances from non-resident Indians to their families in India. (ii) Rent paid by the embassy of Japan in India to a resident Indian. (iii)Profits earned by branches of foreign bank of India. [CBSE 2009 Set I(Delhi)] Q.31. Given consumption function C=100+0.75 (where C=consumption expenditure and y= (i) Equilibrium level of national income. (ii) Consumption expenditure at equilibrium level of national income. [CBSE 2009 Set I(Delhi)] OR What changes will take place to bring an economy in equilibrium if (i)planned savings are greater than planned investment and (ii)planned savings are less than planned investment. Q.32. Calculate gross national product at factor cost from the following data by (i)income method, and (ii) expenditure method: (Rs. in crores) (i) Private final consumption expenditure 1,000 (ii) Net domestic capital formation 200 (iii) Profits 400 (iv) Compensation of employees 800 (v) Rent 250 (vi) Government final consumption expenditure 500 (vii) Consumption of fixed capital 60 (viii) Interest 150 (ix) Net current transfers from the rest of the world (-)80 (x) Net factor income from abroad (-)10 (xi) Net exports (-)20 (xii) Net indirect taxes 80 [CBSE 2009 Set I(Delhi)] C.B.S.E EXAMINATION PAPER-2009 (ANNUAL) Economics-XII SET-II (Delhi) SECTION-B Q.17. Define a Government Budget? [CBSE 2009 Set II(Delhi)] Q.18. Define bank rate? [CBSE 2009 Set II(Delhi)] Q.19. why is repayment of loan a capital expenditure? [CBSE 2009 Set II(Delhi)] Q.20 Define involuntary unemployment? [CBSE 2009 Set II(Delhi)] Q.21. What is meant by excess demand in macroeconomics? [CBSE 2009 Set II(Delhi)]

Q.22. Complete the following table: Income Consumption Marginal Propensity to save 0 40 50 70 100 100 150 120 [CBSE 2009 Set II(Delhi)] ----------------------------

Average Propensity To save ---------------------

Q.23. List the items of the current account of balance of payments account. Also define balance of trade? [CBSE 2009 Set II(Delhi)] Q.24. State any three points o distinction between Central Bank and Commercial Banks? [CBSE 2009 Set II(Delhi)] Q.25. How can a government budget help in reducing inequalities of income? Explain. [CBSE 2009 Set II(Delhi)] Q.26. Explain the circular flow of income? [CBSE 2009 Set II(Delhi)] OR Q.27 State the four functions of money? Explain any one of them. [CBSE 2009 Set II(Delhi)] Q.28. Explain the meaning and two merits of fixed foreign exchange? [CBSE 2009 Set II(Delhi)] Q.29. Distinguish Between: (i) Direct tax and indirect tax (ii) Revenue deficit and fiscal deficit. [CBSE 2009 Set II(Delhi)] Q.30. How will you treat the following while estimating national factor income of India? Give reasons for your answer. (i) Salaries paid to Russians working in Indian Embassy in Russia (ii) Profits earned by an Indian company from its branch in Singapore. [CBSE 2009 Set II(Delhi)] Q31/ From the following date calculate gross national product at factor cost by ?(i) income method and (ii) expenditure method. (Rs. in crores) (i) Net domestic capital formation 500 (ii)Compensation of employees 1850 (iii) Consumption of fixed capital 100 (iv) Government final consumption expenditure 1100 (v) Private final consumption expenditure 2600

(vi) rent (vii) Dividend (viii) Interest (ix) Net exports (x) Profits (xi) Net profits income from abroad (xii) Net indirect taxes [CBSE 2009 Set II(Delhi)]

400 200 500 (-)100 1100 (-) 50 250

C.B.S.E EXAMINATION PAPER-2009 (ANNUAL) Economics-XII SET-III (Delhi) Q.16 Why is borrowings a capital receipt? [CBSE 2009 Set III(Delhi)] Q.17. Define involuntary unemployment? [CBSE 2009 Set III(Delhi)] Q.18. Q-18 Define voluntary unemployment? [CBSE 2009 Set III(Delhi)] Q.19. If investment multiplayer is 1 . what will be the value of marginal propensity to consume? [CBSE 2009 Set III(Delhi)] Q.20 What is meant by excess demand in Macroeconomics? [CBSE 2009 Set III(Delhi)] Q.22. Complete the following table: Income Saving Propensity 0 -6 20 -3 ____ 40 0 60 3 [CBSE 2009 Set III(Delhi)] Marginal Property to consume ____ ----------------------Average ____ ------------

Q.23.Explain the circular flow of income? [CBSE 2009 Set III(Delhi)] OR Distinguish between intermediate products and final products. Give examples. [CBSE 2009 Set III(Delhi)] Q.24. List the items of the current account of balance of payments account. Also define balance of trade? [CBSE 2009 Set III(Delhi)] Q.28. Explain any two functions of money? [CBSE 2009 Set III(Delhi)]

Q.30 How will you treat the following while estimating national income of India? Give reasons for your answer? (I) Salaries received By Indian residents working in Russian Embassy in India. (ii) Profits earned by an Indian bank from its branches abroad. (iii) Entertainment tax received by the government. [CBSE 2009 Set III(Delhi)] C.B.S.E Examination Paper-2009 (Annual) Economics-XII Set-I (Outside Delhi) Q.25. State three main functions of a commercial bank. Explain any one of them. [CBSE 2009 Set I(Outside Delhi)] Q.26.Give the meaning of revenue deficit and primary deficit. [CBSE 2009 Set I(Outside Delhi)] Q.27. Describe the evolution of money. [CBSE 2009 Set I(Outside Delhi)] OR Explain any two functions of money. [CBSE 2009 Set I(Outside Delhi)] Q.28. Explain any two objectives of a government budget. [CBSE 2009 Set I(Outside Delhi)] Q.29. Explain any two merits each of flexible foreign exchange rate and fixed foreign exchange rate. [CBSE 2009 Set I(Outside Delhi)] Q.30 While estimating national income, how will you treat the following? Give reasons for your answer. (i) Imputed rent of self occupied houses. (ii)Interest received on debentures. (iii) Financial help received by flood victims. [CBSE 2009 Set I(Outside Delhi)] Q.31. In an economy S=-50+0.5 Y is the saving function. (i) Equilibrium level of nation income. (ii) Consumption expenditure at equilibrium level of national income. [CBSE 2009 Set I(Outside Delhi)] OR Explain the following information about an economy about an economy; calculate(i)its equilibrium level of national income, and (ii) savings at equilibrium level of national income. Consumption function=200+0.9 Y (where C= consumption expenditure and Y=national income) Investment expenditure;1=3000[CBSE 2009 Set I(Outside Delhi)]

Q.32. From the following data, calculate national income by(a) income method and (b) expenditure method: (Rs. in crores)
Interest 150

Rent Government final consumption Private final consumption expenditure Profit Compensation of employees Net factor income to abroad Net indirect taxes Net exports Consumption of fixed capital Net domestic capital formation Delhi)]

250 600 1200 640 1000 30 60 (-)40 50 340[CBSE 2009 Set I(Outside

C.B.S.E Examination Paper-2009 (Annual) Economics-XII Set-II (Outside Delhi) SECTION_B Q.17. Give the meaning of excess demand in an economy. [CBSE 2009 Set II(Outside Delhi)] Q.18 What is meant by cash reserve ratio? [CBSE 2009 Set II(Outside Delhi)] Q.19. Define involuntary unemployment. [CBSE 2009 Set II(Outside Delhi)] Q.20. Give meaning of aggregate supply. [CBSE 2009 Set II(Outside Delhi)] Q.21 Why are taxes received by the government not capital receipts? [CBSE 2009 Set II(Outside Delhi)] Q.22. Complete the following table

Income Consumption Marginal Propensity Average Propensity to save 0 0.75 -30 ----100 0.75 --------200 0.75 --------300 0.75 --------[CBSE 2009 Set II(Outside Delhi)] Q.23.Distinguish between balance on trade account and balance on current account. [CBSE 2009 Set II(Outside Delhi)] Q.24.Give the meaning of revenue deficit, fiscal deficit and primary deficit. [CBSE 2009 Set II(Outside Delhi)] Q.25. Explain any two functions of a central bank. [CBSE 2009 Set II(Outside Delhi)] Q26. Give the meaning of factor income to abroad and factor income from abroad. Also give an example of each. [CBSE 2009 Set II(Outside Delhi)] OR Distinguish between domestic product and national product. When can domestic product be more than national product? [CBSE 2009 Set II(Outside Delhi)] Q.27. What are the implications of revenue deficit ? State two measures to reduce this deficit. [CBSE 2009 Set II(Outside Delhi)] Q.28. Explain two sources each of demand and supply of a foreign currency. [CBSE 2009 Set II(Outside Delhi)] Q.29. Describe the evolution of money. [CBSE 2009 Set II(Outside Delhi)] Q.30 From the following data, calculate national income by (a) income method and (b) expenditure method (Rs. in crores) (i) Interest 150 (2) Rent 250 (3) Government final consumption expenditure 600 (4) Private final consumption expenditure 1200 (5) Compensation of employees 1000 (6) Net factor income to abroad 30 (7) Net indirect taxes 60 (8) Net exports (-)40 (9) Consumption of fixed capital 50 (10) Net domestic capital formation 340 [CBSE 2009 Set II(Outside Delhi)]

Q.31 While estimating national income, how will you treat the following? Give reasons for your answer. (i) Imputed rent of self occupied houses. (ii) Interest received on debentures. (ii) Financial help received by flood victims[CBSE 2009 Set II(Outside Delhi)] Q.32In an economy S=-50 + 0.5 Y is the saving function. (where S= saving and Y= national income) and investment expenditure is 7000. calculate: Equilibrium level of nation income. Consumption expenditure at equilibrium level of national income. [CBSE 2009 Set II(Outside Delhi)] OR From the following about an economy calculate (i) its equilibrium level of national income, and (ii) savings at equilibrium level of national income. Consumption function: C =200+0.9 Y (Where= consumption expenditure and Y= national income) Investment expenditure:1=3000 [CBSE 2009 Set II(Outside Delhi)] C.B.S.E . Examination -2009 Economics XII Set III (Delhi) Q.17. State the components of money supply. [CBSE 2010 Set I( Delhi)] Q.18. Give the meaning of ex-ante savings. [CBSE 2010 Set I( Delhi)] Q.19. How is primary deficit calculated? [CBSE 2010 Set I( Delhi)] Q.20 Give the meaning of deflationary gap. [CBSE 2010 Set I( Delhi)] Q.21 State two sources of supply of foreign exchange. [CBSE 2010 Set I( Delhi)] Q.22. Explain how distribution of gross domestic product is its limitation as a measure of economic welfare. [CBSE 2010 Set I( Delhi)] OR Explain the basis of classifying goods into intermediate and final goods. Give suitable examples. [CBSE 2010 Set I( Delhi)] Q,23.Explain the lender of last resort function of the Central Bank. [CBSE 2010 Set I( Delhi)] Q.24. How can government budget be helpful in altering distribution of income in an economy? Explain. [CBSE 2010 Set I( Delhi)]

Q.25. Explain the meaning of deficit in balance of payments. [CBSE 2010 Set I( Delhi)] Q.26. Distinguish between the devaluation and depreciation of domestic currency. [CBSE 2010 Set I( Delhi)] Q.27. Explain the process of money creation by commercial Banks. [CBSE 2010 Set I( Delhi)] Q.28. Explain the meaning and two merits of fixed foreign exchange rate? [CBSE 2010 Set I( Delhi)] OR Explain two sources each of demand and supply of foreign exchange? [CBSE 2010 Set I( Delhi)] Q.29. Distinguish between: (a) Capital receipts and revenue receipts (b) Direct tax and indirect tax[CBSE 2010 Set I( Delhi)] Q.30. Explain determination of national income using aggregate demand and aggregate supply approach. Use diagram. Explain the changes that take place when aggregate demand is greater than aggregate supply. [CBSE 2010 Set I( Delhi)] Q.31. Explain the changes that place when saving is greater than investment. [CBSE 2010 Set I( Delhi)] Q.32 Complete the following table: Income Saving Marginal 0 20 40 60 [CBSE 2010 Set I( Delhi)] -12 -6 0 6 Average Propensity To consume ----------------Propensity to save --------------

Q.32 In an economy 75 percent of the increases in income is spent on consumption. Investment is increases by Rs. 1,000 crore. Calculate: (a) total increase in income. (b) total increase in consumption expenditure. [CBSE 2010 Set I( Delhi)] C.B.S.E. Examination Paper-2010 (Annual ) ECONOMICS-XII SET-II (Delhi)

SECTION- B Q.22 Distinguish between real and nominal gross domestic product. [CBSE 2010 Set II( Delhi)] OR Distinguish between consumer goods and capital goods. Which of these are final goods? [CBSE 2010 Set II( Delhi)] Q.23. Explain the banker to the government function of the central bank. [CBSE 2010 Set II( Delhi)] Q.28. Giving reasons classify the following into direct and indirect tax. [CBSE 2010 Set II( Delhi)] Q.32. In an economy S=-50 +0.5 Y is the saving function (where S= saving and Y=nation income)and investment expenditure is 7000. Calculate: Equilibrium level of nation income. Consumption expenditure at equilibrium level of national income. [CBSE 2010 Set II( Delhi)] C.B.S.E. Examination Paper-2010 (Annual ) ECONOMICS-XII SET-III (Delhi) SECTION-B Q. 18. Give the meaning of aggregate demand. [CBSE 2010 Set III( Delhi)] Q.25. Distinguish between autonomous and accommodating transactions of balance of payments account. [CBSE 2010 Set III( Delhi)] Q.26. From the following data calculate gross national product at factor cost by(i) income method and (ii) expenditure method. (Rs. in crores.) (i)Net domestic capital formation 500 (ii) Compensation of employees 1850 (iii) Consumption of fixed capital 100 (iv) Government final consumption expenditure 1100 (v) Private final consumption expenditure 2600 (vi) Rent 400 (vii) Dividend 200 (viii) Interest 500 (ix) Net exports (-)100 (x) Profits 1100 (xi) Net factor income from abroad (-50) (xii) Net indirect taxes 250

[CBSE 2010 Set III( Delhi)] Q.27. State three objectives of a government budget. [CBSE 2010 Set III( Delhi)] C.B.S.E. Examination Paper-2010 (Annual ) ECONOMICS-XII SET-I (Out Delhi) SECTION B Q.17. Give the meaning of money. [CBSE 2010 Set I(Outside Delhi)] Q.18. What is meant by revenue deficit? [CBSE 2010 Set I(Outside Delhi)] Q.19 Export receipts are not a part of net factor income from abroad Why? [CBSE 2010 Set I(Outside Delhi)] Q.20. Give the meaning of inflationary gap. [CBSE 2010 Set I(Outside Delhi)] Q.21. State two sources of demand for foreign exchange. [CBSE 2010 Set I(Outside Delhi)] Q.22. Distinguish between real and nominal gross domestic product. [CBSE 2010 Set I(Outside Delhi)] Q.23 Explain the banker to the government function of the central bank? [CBSE 2010 Set I(Outside Delhi)] Q.24. How can a government budget help in reducing inequalities of income? Explain. [CBSE 2010 Set I(Outside Delhi)] Q.25. Distinguish between autonomous and accommodating transaction of balance of payments accounts. [CBSE 2010 Set I(Outside Delhi)] Q.26. List the items of the current account of balance of payment account. Also define balance of trade? [CBSE 2010 Set I(Outside Delhi)] Q.27. How does a commercial bank create money? [CBSE 2010 Set I(Outside Delhi)] Q.28. State the four functions of money? Explain any one of them. [CBSE 2010 Set I(Outside Delhi)] Q.29 Distinguish between: (i) Capital expenditure and Revenue expenditure. (ii) Fiscal deficit and Revenue deficit[CBSE 2010 Set I(Outside Delhi)]

Q.30. How will you treat the following while estimating domestic factor income of India? Give reasons for your answer. (i) Remittances from non-resident Indians to their families in India. (ii) Rent paid by the embassy of Japan in India to a resident Indian. Profits earned by branches of foreign bank of India. [CBSE 2010 Set I(Outside Delhi)] Q.31. Give consumption function C=100+0.75 (where C= consumption expenditure and Y=national income) and investment expenditure rs1000, calculate: (i) Equilibrium level of national income. (ii) Equilibrium expenditure at equilibrium level of national income. [CBSE 2010 Set I(Outside Delhi)] OR What changes will take place to bring an economy in equilibrium if planned savings are greater then planned investment and Planned savings are less than planned investment. [CBSE 2010 Set I(Outside Delhi)] C.B.S.E. Examination Paper-2010 (Annual ) ECONOMICS-XII SET-II (OutDelhi) SECTION-B Q.18. Define tax? [CBSE 2010 Set II(Outside Delhi)] Q.19. Give the meaning of marginal propensity to save? [CBSE 2010 Set II(Outside Delhi)] Q.23. Explain the lender of the last resort function of the central bank. [CBSE 2010 Set II(Outside Delhi)] Q.26. Distinguish between fixed and flexible foreign exchange rate? [CBSE 2010 Set II(Outside Delhi)] C.B.S.E. Examination Paper-2010 (Annual ) ECONOMICS-XII SET-III (Delhi) Q.17. Why is repayment of loan a capital expenditure? [CBSE 2010 Set III(Outside Delhi)] Q.18 What is meant by excess demand in Macroeconomics? [CBSE 2010 Set III(Outside Delhi)]

Q.30.How will you treat the following while estimating domestic factor income of India? Give reasons for your answer. (i) Remittances from non-resident Indians to their families in India. (ii) Rent paid by the embassy of Japan in India to a resident Indian. Profits earned by branches of foreign bank in bank. [CBSE 2010 Set III(Outside Delhi)] Q.31.Given consumption function C=100+0.75 (where C=consumption expenditure and Y= national income) and investment expenditure Rs. 1000, calculate: (i) planned savings are greater than planned investment and (ii) Planned savings are less than planned investment. [CBSE 2010 Set III(Outside Delhi)] C.B.S.E. Examination Paper-2010 (Annual ) ECONOMICS-XII DELHI SET (Comptt.)I Q.15. Define money supply? [CBSE 2010 Comppt. Set I(Delhi)] Q.16. What are time deposits? [CBSE 2010 Comppt. Set I(Delhi)] Q.17. What is a revenue expenditure in a government budget? [CBSE 2010 Comppt. Set I(Delhi)] Q.18. Name two invisible of the balance of payments account. [CBSE 2010 Comppt. Set I(Delhi)] Q.19. In an economy the ratio of average propensity to consume and average propensity to save is 5.3 . The level of income s 6000. How much are the savings? Calculate. [CBSE 2010 Comppt. Set I(Delhi)] Q.20. In an economy, as a result of increase in investment by Rs. 100 crores, national income rises by Rs.1,000 crores. Find marginal propensity to consume. [CBSE 2010 Comppt. Set I(Delhi)] Q.21. Distinguish between capital receipts and revenue receipts in a government budget. Give an example of each.? [CBSE 2010 Comppt. Set I(Delhi)] Q.22. Give meaning of fixed , flexible and managed floating exchange rate? [CBSE 2010 Comppt. Set I(Delhi)] Q.23.Explain why subsidies are added to and indirect taxes deducted from domestic product at market price to arrive at domestic product at factor cost. [CBSE 2010 Comppt. Set I(Delhi)] OR Giving reason, explain how are the following treated in estimating national income be income method:
(i)Interest on a car loan paid by a individual

(ii) Interest on a car loan paid by a government owned company. [CBSE 2010 Comppt. Set I(Delhi)]

Q.24. Calculate Net National deposable Income And Personal Income from the following data. [CBSE 2010 Comppt. Set I(Delhi)] Q.25. What is revenue deficit? Explain its implications. [CBSE 2010 Comppt. Set I(Delhi)] Q.26. Calculate National Income by the (a) expenditure method and (b) Production method from the following data. [CBSE 2010 Comppt. Set I(Delhi)] Q.27. Explain the process of money creation by commercial banks with the help of a commercial example.. [CBSE 2010 Comppt. Set I(Delhi)] C.B.S.E ANNUAL EXAM-2010 ECONOMICS-XII DELHI SET (COMPTT.)-II

Q.6. Calculate Gross National Disposable Income and personal Disposable Income from the following data. [CBSE 2010 Comppt. Set II(Delhi)] Q.7. Calculate Net Domestic Product at factor Cost by (a) income method and (b) production method from the following data: [CBSE 2010 Comppt. Set II(Delhi)] C.B.S.E ANNUAL EXAM-2010 ECONOMICS-XII DELHI SET (Comptt.) III C.B.S.E ANNUAL EXAM-2010 ECONOMICS-XII OUTSIDE DELHI SET (Comptt.)I Section A Q.16 What are demand deposits. [CBSE 2010 Comppt. Set I(Outside Delhi)] Q.17. Define revenue receipts in a government budget. [CBSE 2010 Comppt. Set I(Outside Delhi)] Q.18. What is trade balance. [CBSE 2010 Comppt. Set I(Outside Delhi)] Q.20. Giving the meaning of revenue expenditure and capital expenditure. Give one example of each. [CBSE 2010 Comppt. Set I(Outside Delhi)]

Q.21. Explain the concept of surplus in the balance of payments account. [CBSE 2010 Comppt. Set I(Outside Delhi)] Q.22. What is meant by appreciation and depreciation of domestic currency? [CBSE 2010 Comppt. Set I(Outside Delhi)] Q.23.Distinguish between intermediate and final goods. Give two examples of each. [CBSE 2010 Comppt. Set I(Outside Delhi)] OR Giving reasons, explain how are the following treated in estimation of national income by the Incompetent interest. method:
Interest paid by banks to depositors

National debit interest. [CBSE 2010 Comppt. Set I(Outside Delhi)]

Q.24. What s government budget? Explain the meanings of fiscal deficit and primary deficit? [CBSE 2010 Comppt. Set I(Outside Delhi)] Q.25. Explain the process of deposit creation by the commercial banks with the help of numerical examples [CBSE 2010 Comppt. Set I(Outside Delhi)] Q.26. Define and represent deflationary gap on a diagram. Explain thank Rate in removing it. [CBSE 2010 Comppt. Set I(Outside Delhi)] OR Define a represent inflationary gap on a diagram. Explain the role of Open Market Operations in removing it. [CBSE 2010 Comppt. Set I(Outside Delhi)]

C.B.S.E. ANNUAL EXAM-2010 ECONOMICS-XII OUTSIDE DELHI SET II (Comptt)

Q.20. Define direct tax. [CBSE 2010 Comppt. Set iI(Outside Delhi)]

C.B.S.E. ANNUAL EXAM-2010 ECONOMICS-XII OUTSIDE DELHI SET (COMPTT.)-III

Q20. Define capital receipts in a government budget. [CBSE 2010 Comppt. Set III(Outside Delhi)] Q.27. What are the implication of a large revenue deficit? Give two measures to reduce this deficit. [CBSE 2010 Comppt. Set III(Outside Delhi)] Q.28. Explain the function of a Central Bank as a banker to the government. [CBSE 2010 Comppt. Set III(Outside Delhi)] OR Explain the open market of operation method of control used a Central Bank. [CBSE 2010 Comppt. Set III(Outside Delhi)] Q.29. Explain the ,meaning of deficit in a balance in a Balance of Payment account. [CBSE 2010 Comppt. Set III(Outside Delhi)]

C.B.S.E. EXAMNATION PAPER-2011 (ANNUAL) ECONOMICS-XII SET-1 (DELHI) Section A Q.17. What is nominal gross demand product? [CBSE 2011 Set I(Delhi)] Q.18. Define flow variables. [CBSE 2011 Set I(Delhi)] Q.19. Define cash reserve ratio. [CBSE 2011 Set I(Delhi)] Q.20 Define cash reserve ratio. [CBSE 2011 Set I(Delhi)] Q.21. Define money supply. [CBSE 2011 Set I(Delhi)] Q.22. State the component of capital account of balance of payments. [CBSE 2011 Set I(Delhi)] Q.23. Why does the difference between Average Total Cost and Average Variable Cost decrease with an increase in the level of output? Can these two be equal at some level of output? Explain. [CBSE 2011 Set I(Delhi)]

Q.24. From the following data relating to a firm, calculate its net valve added at factor cost. (Rs in lac) (i) Subsidy 40 ( ii) Sales 80
Depreciation 30

Exports Closing stock Opening stock Intermediate purchases Purchase of machinery for own use Import of raw material

100 20 50 500 200 60

[CBSE 2011 Set I(Delhi)]

Q.25. Explain the effect of depreciation of domestic currency on exports[CBSE 2011 Set I(Delhi)] Or Explain the effect of appreciation of domestic currency on imports. [CBSE 2011 Set I(Delhi)] Q.26. When price of a foreign currency rises. Its demand falls. Explain why. [CBSE 2011 Set I(Delhi)] OR When price of a foreign currency rises. Its supply also rises. Explain why. [CBSE 2011 Set I(Delhi)] Q.27.Explain two sources each of demand and supply of foreign exchange? [CBSE 2011 Set I(Delhi)] Q.28 How can a government budget help in reducing inequalities of income? Explain. [CBSE 2011 Set I(Delhi)] Q.31. The savings function of an economy is S=-200=0.25Y. The economy is in equilibrium when income is equal to 2,000. Calculate. (a) Investment expenditure at equilibrium level of income. (b) Autonomous consumption Investment multiplier. [CBSE 2011 Set I(Delhi)] C.B.S.E-EXAMNATION -2011 (ANNUAL) ECONOMICS-XII Set-III (Delhi) Same as Set I and Set II

C.B.S.E EAMINATION -2011 (ANNUAL) ECONOMICS-XII SET-1 (OUTSIDE Delhi) SECTION-A SECTION-B Q.17. What are stock variables? [CBSE 2011 Set I(Outside Delhi)]

Q.18 Define depreciation. [CBSE 2011 Set I(Outside Delhi)] Q.19. Define statutory Liquidity Ratio. [CBSE 2011 Set I(Outside Delhi)] Q.20. Define money. [CBSE 2011 Set I(Outside Delhi)] Q.21 What is foreign exchange. [CBSE 2011 Set I(Outside Delhi)] Q.22. What transactions determine the balance of trade? When is balance of trade in surplus? [CBSE 2011 Set I(Outside Delhi)] Q.25. Explain the meaning of deficit n a balance in a Balance of payment account. [CBSE 2011 Set I(Outside Delhi)] Q.26. Explain the distinction between voluntary and involuntary unemployment. [CBSE 2011 Set I(Outside Delhi)] Q.27. What are the implications of a large revenue deficit? [CBSE 2011 Set I(Outside Delhi)] Q.28. Explain the function of a central Bank as a banker to the government. [CBSE 2011 Set I(Outside Delhi)]

C.B.S.E. EXAMINATION PAPER-2011 (ANNUAL) ECONOMICS-XII SET-II (OUTSIDE DELHI) Section A Q.17 Defined capital formation. [CBSE 2011 Set II(Outside Delhi)] Q.18. What is meant by real gross domestic product? [CBSE 2011 Set II(Outside Delhi)] [CBSE 2011 Set II(Outside Delhi)] Q.19. What s bank rate? Q.20.State any two sources non-tax revenue receipts? [CBSE 2011 Set II(Outside Delhi)] Q.21 What is included in a money supply? [CBSE 2011 Set II(Outside Delhi)]

Q.22. Explain the meaning the marginal propensity to consume. What is its relationship with marginal propensity to save? [CBSE 2011 Set II(Outside Delhi)] Q.23.State three objectives of Government budget? [CBSE 2011 Set II(Outside Delhi)] Q.24. In an economy aggregate demand is greater than aggregate supply? [CBSE 2011 Set II(Outside Delhi)] Q.25. Explain why is there fall in demand for foreign exchange. When its prices rises. [CBSE 2011 Set II(Outside Delhi)] Q.26. Define government budget. Give meaning of revenue deficit, fiscal deficit and primary deficit. [CBSE 2011 Set II(Outside Delhi)] Q.27 How does central bank influence credit creation by commercial banks through open Market operations? Explain[CBSE 2011 Set II(Outside Delhi)] OR Explain the process of credit creation by commercial banks? [CBSE 2011 Set II(Outside Delhi)] Q.29 Calculate (i) net domestic product at factor cost, and (ii) gross national disposable income from the Following data? (Rs. in crores
Government final consumption expenditure 2,000

Net factor income of abroad Gross domestic capital formation Change in stock Net Domestic capital formation Net indirect taxes Net current transfers from rest of the world

(-)40 800 (-)30 620 250 800

Net exports Profits Private final consumption expenditure Set II(Outside Delhi)] 700

(-500)

5,000 [CBSE 2011

C.B.S.E.EXAMINATION PAPER-2011 (COMPTT.) ECONOMICS-XII SET-II (DELHI) Section A

Q.22 From the following data calculate net value added at factor cost. (A in crores)
Net factor income from abroad 30

Sales Purchase of intermediate Consumption of fixed capital Export Indirect taxes Change in stock [CBSE 2011 Comppt. Set II(Delhi)]

3,500 2,000 500 400 350 50

Q.29 State whether the following statement are true or false. Give reasons for your answer::

(i)Difference between value of exports is not recorded in Balance f payments accounts (ii) External assistance is not recorded in Balance of payments accounts. [CBSE 2011 Comppt. Set II(Delhi)]

Q.30 From the following data calculate gross national product at factor cost by (i) income method and (ii) expenditure method. (Rs. in crores) (i) Net domestic capital formation (ii) Compensation of employees (iii) Consumption of fixed capital 500 1850 100

(iv) Government final consumption expenditure1100 (v) Private final consumption expenditure (vi) Rent (vii) Divedend (viii) Interest (ix) Net exports (x) Profits (xi) Net factor income from abroad (xii) Net indirect taxes [CBSE 2011 Comppt. Set II(Delhi)] 2600 400 200 500 (-)100 1100 (-) 50 250

C.B.S.E.EXAMINATION PAPER-2011 (COMPTT.) ECONOMICS-XII SET-III (DELHI) [Question not given in set I and Set II]

Q28. In an economy S= -50+0.5Y is the saving function. (where S=savings and Y= nation income) and investment expenditure is 7000 calculate Equilibrium level of nation income Consumption expenditure at equilibrium level of national income. Q.30 From the following data calculate national income by (a) income method and (b) expenditure method (Rs in crores) (i) Interest 150 (ii)Rent Q.31. Calculate (i)gross domestic product at factor cost, and (ii) net national disposable income: (A in crores) (i)Net indirect taxes 130 (ii) Government final consumption expenditure 100 (iii) Profits 90 (iv) Net domestic capital formation 120 (v) Change in stock (-)10 (vi) private final consumption expenditure 500 (vii)Net imports 20 (viii) Net current transfers to abroad 10 (ix) Net factor income to abroad 30 (x) Gross domestic capital formation 160

C.B.S.E.EXAMINATION PAPER-2011 (COMPTT.) ECONOMICS-XII SET-I (OUTDELHI) Section A

Q.17 Define domestic product. [CBSE 2011 Comppt. Set I(Outside Delhi)]

Q.18 what is transfer payment. [CBSE 2011 Comppt. Set I(Outside Delhi)] Q.22. From the following data calculate net value added at factor cost: (i) Sales 500 (ii) Purchase of intermediate goods 350 (iii) Opening stock 60 (iv) Indirect taxes 50 (v) Consumption of fixed capital 90 (vi) Imports of raw materials 85 (vii) Closing Stock 80 [CBSE 2011 Comppt. Set I(Outside Delhi)] Q.23. Explain the relationship between average propensity to consume and average propensity to save, Which to these can have a negative value and when? [CBSE 2011 Comppt. Set I(Outside Delhi)] Q.25. In an economy aggregate demand is less than aggregate supply. Explain the changes that will take place in the economy[CBSE 2011 Comppt. Set I(Outside Delhi)] OR Explain the meaning and implication of inflationary gap[CBSE 2011 Comppt. Set I(Outside Delhi)] Q.27. How can distribution of income be a limitation of using gross domestic product as an index of welfare? Explain. [CBSE 2011 Comppt. Set I(Outside Delhi)] Q.29. Giving reasons state whether the following statement are true or false. (i) Current account of a Balance of Payment accounts records only exports and imports of good and services. (ii) Foreign investments are recorded in the capital account of balance of payments. [CBSE 2011 Comppt. Set I(Outside Delhi)] Q.31. Explain the steps taken in derivation of the Consumption Curve from the saving Curve. Use diagram[CBSE 2011 Comppt. Set I(Outside Delhi)] Q.32. Calculate (i) Gross national Product at Market Price and (ii) Net National disposable income from the following data: (i) Private final consumption expenditure 3000 (ii) Net factor income to abroad 100 (iii) Government final consumption expenditure 800 (iv) Net exports (-) 200 (v) Net current transfers from rest of the world 300 (vi) Gross domestic fixed capital formation 600 (vii) Change in stock (-)20 (viii) Net indirect taxes 400 (ix) factor income from abroad 50

(x) net domestic capital formation [CBSE 2011 Comppt. Set I(Outside Delhi)]

500

C.B.S.E.EXAMINATION PAPER-2011 (COMPTT.) ECONOMICS-XII SET-II (OUTSIDE DELHI) [Except for following Question, all are asked in Set I] Section A 52 18 SECTION-B Q.17. Define intermediate goods. Q.21 Define money. Q.25. From the following data calculate net value added at factor cost: (i) Sales 500 (ii) Purchase of intermediate 350 (iii) Opening stock 60 (iv) Indirect taxes 50 (v) Consumption of fixed capital 90 (vi) Imports of raw capital 85 (vii) Closing stock Q.26. Give the meaning of foreign exchange rate. How is it determined under flexible exchange rate regime? Q.30. Calculate (i) National Income and (ii) Gross National Disposable Income: (i) Government final consumption expenditure 100 (ii) Gross domestic fixed capital formation 150 (iii) Net current transfers to abroad (-)10 (iv) Net factor income to abroad 10 (v) charge in stocks 30 (vi) Net domestic capital formation 120 (vii) Net indirect taxes 80 (viii) Private final consumption expenditure 700 (ix) Factor income from abroad 5 ----