Sample CBSE and ICSE Exam Papers



Economics Class - XII (CBSE)
You are on questions of Set II

(Only those questions have been given,which are different from Set I)

SECTION - A

Q 1. What is production process? (1 mark)


Q 2. What is the meaning of land as a factor of production? (1 mark)


Q 5. What is meant by process based and product - based division of labour? (2 marks)


Q 6. Explain the concept of mixed income with the help of an example? (2marks )


Q 10.Calculate emoluments of employees: (3 marks )



(i) Wages & Salaries in Cash
(ii) Free food to employees during lunch
(iii)Travel expenses on business tour reimbursed
by employees
(iv) Dearness Allowances
(v) Social Security contributions by employers
(Rs. Crores)

400
10
30

20
5



Q 13.Calculate Gross Domestic Capital formation: (3 marks)


(i) Closing Stock
(ii) Net domestic fixed capital formation
(iii)Net indirect tax
(iv)Consumption of fixed capital
(v) Opening Stock

(Rs. Crores)
30
200
15
20
35



Q 17.Calculate GDP mp by (a) Production Method and (3+2=5 marks)
(b) Income Method:


(i) Value of Output of :
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary Sector

(ii) Intermediate Consumption of :
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary Sector

(iii) Emoluments of employees
(iv) Net factor income from abroad
(v ) Operating Surplus
(vi) Mixed Income
(vii) Interest
(viii)Consumption of fixed capital
(ix) Net indirect tax
(x) Rent

(Rs. Crores)

300
200
100


100
50
50

150
( - ) 10
100
50
20
40
60
10




SECTION - B

Q 19.When total product increases at increasing rate what happens to marginal product? (1 mark)


Q 20.Define Monopoly. (1 mark)


Q 24.What is meant by fiscal policy and monetary policy? (2 marks)


Q 28.Price elasticity of supply of a good is 5. A producer sells 500 units of this good at Rs.5/- per unit. How much will he be willing to sell at the price of Rs. 6 per unit? (3 marks)


Q 31.Explain three features of monopolistic competition. (3 marks)


Economics Class - XII 1999 (CBSE)
You are on questions of Set III
(Only those questions have been given, which are different from Set I and Set II)

Q 1. What is the meaning of labour as a factor of production? (1 mark)


Q 12.Calculate emoluments of employees. (Rs. Crores) (3 marks)
(i) Dearness Allowance 20
(ii) Free food to employees during lunch 15
(iii)Travel expenses on business tour reimbursed 30
by employees
(iv) Social Security contributions by employers 10
(v) Wages & Salaries in Cash 500


Q 13.Explain the problem of double counting? Also state one of the ways of avoiding this problem. (3 marks)


Q 14.Distinguish between national income at current prices and at constant prices? (3 marks)


Q 15.Calculate Gross Domestic Capital Formation: (3 marks)


(i) Consumption of fixed capital
(ii) Closing Stock
(iii) Net Indirect taxes
(iv) Net Domestic fixed capital formation
(v) Opening Stock
(Rs. Crores)
15
20
5
100
10



Q 16.Calculate National Income by the (a) Production Method and (b) Income Method: (5 marks)


(i) Value of output of:
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary Sector

(ii)Intermediate consumption of:
(a) Primary Sector
(b) Secondary Sector
(c) Tertiary Sector
(iii)Emoluments of employees
(iv)Rent
(v) Consumption of fixed capital
(vi) Indirect taxes
(vii)Net factor income from abroad
(viii)Subsidies
(ix)Interest
(x) Operating surplus
(xi)Mixed Income

(Rs. Crores)

1000
800
600


400
300
100
500
40
80
30
10
10
10
200
800




Section B

Q 19.Define a market. (1 mark)

Q 23.Give the meanings of gross profit and net profit. (2 marks)

Q 30.Price elasticity of supply of a good is 2. A produce sells 60 units of a good at a price of Rs. 6/- unit. How much will he be willing to sell at the price of Rs. 5/- per unit? (3 marks)


Q 32.How do changes in Cash Reverse Ratio affect the availability of credit? Explain. (3 marks)


Q 34.Explain five factors determining real wages. (5 marks)



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