KENDRIYA VIDYALAYA SANGATHAN, CHENNAI REGION
REVISION EXAMINATION- 2012-13
ECONOMICS
Std – XII Marks: 100
Time: 3hrs
General Instructions:
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each.
3. Questions No.1-5 and 17-21 are very short answer questions carrying one mark each. They are required to be answered in one sentence each.
4. Questions No.6-10 and 22-26 are short answer questions carrying three marks each. Answers to them should normally not exceed 60 words each.
5. Questions No.11-13 and 27-29 are also short answer questions carrying 4 marks each. Answer to them should normally not exceed 70 words each.
6. Questions No.14-16 and 30-32 are long answer questions carrying 6 marks each. Answer to them should normally not exceed 100 words each.
7. Question Nos.11 and 19 are value based questions.
8. Answers should be brief and to the point and the above word limits should be adhered to as far as possible.
saamaanya inad-oSa :
1. daonaaoM vagaao-M ko saBaI p`Sna Ainavaaya- hOM.
2. p`%yaok p`Sna ko inaQaa-irt AMk ]sako saamanao ide gae hOM.
3.p`Sna saM#yaa 1-5 AaOr 17-21 Ait laGau~a%mak p`Sna hOM. ijanamao p`%yaok ka 1 AMk hO. [naka ]%tr kovala ek vaa@ya maoM haonaa caaihe.
4.p`Sna saMM#yaa 6-10 AaOr 22 - 26 laGau~a%mak p`Sna hOM. ijanamao p`%yaok ko 3 AMk hO. [naka ]%tr saamaanyat: 60 Sabdao sao AiQak nahI haonaa caaihe.
5.p`Sna saM#yaa 11 - 13 AaOr 27 - 29 BaI laGau~a%mak p`Sna hOM. ijanamao p`%yaok ko 4 AMk hO. [naka ]%tr saamaanyat: 70 Sabdao sao AiQak nahI haonaa caaihe.
6.p`Sna saM#yaa 14 - 16 AaOr 30 - 32 vyaa#yaa%mak ]%tr vaalao p`Sna hOM. ijanamao p`%yaok ko 6 AMk hO.
7.p`Sna saM#yaa 11 AaOr 19 maUlya AaQaairt p`Sna hOM.
8.javaaba ko saMixaPt AaOr tqyaa%mak haonaa caaihe AaOr }pr idyao Sabd saImaa ko AMtga-t hI haonaa caaihe.
SECTION A
KND A
1. What is a budget set ? 1
bajat saoT @yaa hO ?
2. In which market form demand curve of a firm is perfectly elastic? 1
iksa p`kar ko baajaar maoM ek fama- ka maaga^M vak`` pUNa-tyaa laaocadar haota hO ?
3. State one barrier which prevents entry of firms in Oligopoly 1
AlpaiQakar kI ek karNa bata[e ijasasao fma- ko p`vaoSa maoM baaQaa hao.
4. Name the characteristics which make monopolistic competition
different from perfect competition. 1
vah ivaSaoYata bata[e jaao ik ekaiQakairk p`ityaaoigata kao pUNa- p`ityaaoigata sao Alaga krtI hO ?
5. Why is demand for water inelastic ? 1
panaI kI ma^Maga baolaaocadar @yaaoM haotI hO ?
6. Distinguish between ‘decrease in demand’ and ‘decrease in quantity demanded’. 3
‘maa^Mga maoM kmaI’ AaOr ‘maa^Mga maa~a maoM kmaI’ maoM Baod kIjaIe.
7. Given below is the cost schedule of a firm. Its average fixed cost is Rs.20
when it produces 3 units. Calculate its marginal cost and average total cost at each
given level of output. 3
ek fma- kI laagat AnausaUcaI naIcao ga[- hO. 3 [ka[yaaoM ka ]%padna krnao pr [sakI AaOsat isqar laagat Rs.. 20 hO.]%padna
ko ide hue p`%yaok str pr saImaant lagat AaOr AaOsat kula laagat ka pirklana kIijae.
8. Price of commodity A is Rs.10 per unit and total revenue at this price is Rs.1600. When
its price rises by 20 % total revenue increases by Rs.800.Calculate its price elasticity
of supply. 3
ek vastu A kI kImat Rs 10 hO AaOr [sa kImat tr kula saMp`aiPt Rs. 1600 hO. jaba kImat 20 p`itSat baZ,tI hO
tao kula saMp`aiPt Rs. 800 baZ,tI hO.[sakI pUit- kI kImat laaoca ka pirklana kIijae.
9. Explain the implication of homogenous products produced of firms under perfect
competition. 3
pUNa- p`ityaaoigata maoM fmaaoM Wara ek samaana vastuAaoM ka ]%padna ka pirNaama hOM samaJaa[e.
10. Explain the law of diminishing marginal utility with the help of a utility schedule. 3
OR
Goods X and Y are substitutes. Explain the effect of fall in price of Y demand for X.
ek ]pyaaoigata AnausaUcaI kI sahayata sao h`asamaana saImaant ]pyaaoigata ko inayama kI vyaa#yaa kIijae.
Aqavaa
X AaOr Y dao p`itsqaapana vastue^M hOM. Y kI kImat igarnao ka X kI maaga^M pr p`Baava samaJaa[e.
11. Shortage of LPG gas cylinder has resulted in rise in price of cooking gas. What
can be done to solve the problem? 4
rsaao[- isailaMDraoM kI kmaI ko pirNaama sva$p rsaao[- gaOsa ko maUlyaaoM maoM vaRi_ hu[- hO. [sa samasyaa ka @yaa samaaQaana hao sakta hO ?
12. Explain the effect of increase in income of buyers on a “normal” commodity
on its equilibrium price. 4
ek ‘saamaanya’ vastu ko k`otaAaoM kI Aaya maoM vaiW ko ]sakI saMtulana kImat pr p`Baava kI vyaaKyaa kIijae.
13. Explain the problem of ‘what to produce’ 4
OR
How is production possibility curve affected by unemployment in the economy?
‘@yaa ]%padna kroM’ kI samasyaa kI vyaa#yaa kIijaJe.
Aqavaa
Aqa-vyavasqaa nao baoraojagaarI ka ]%padna saMBaavanaa vak` pr @yaa p`Baava pD,ta hO ? samaJa[e.
14.Explain the law of variable proportions with the help of total product and marginal product
curves. 6
OR
Explain producer’s equilibrium with the help of a marginal cost and marginal revenue
schedule.
kula ]%pad AaOr saImaant ]%pad vak`aoM kI sahayataa sao pirvatIM AnaupataoM ko inayama kI vyaa#yaa kIijae.
Aqavaa
saImaant laagat AaOr saImaant saMp`aiPt AnausaUcaI kI sahayata sao ]%padk ko saMtulana kI vyaa#yaa kIijae.
15. State whether the following statements are true or false. Give reasons for your answer:
(1) When there are diminishing returns to a factor, total product first 6 increases and then starts falling.
(2) When marginal revenue falls to zero average revenue becomes maximum.
(3) The difference between total cost and total variable cost falls with increase in output.
karNa doto hue bata[e ik inamnailaiKt kqana sahI hOM yaa galat:
(k,) kark ko h`asamaana p`itfla kI isqait maoM kula ]%pad phlao baZ,ta hO AaOr ifr GaTnao lagata hO.
(K) jaba saImaant saMp`aiPt GaTkr SaUnya hao jaatI hO tao AaOsat saMp`aiPt AiQaktma hao jaatI hO.
(ga) ]%padna ko baZ,nao ko saaqa saaqa kula laagat AaOr kula pirvatIM laagat maoM Antr GaTta hO.
16. Using indifference curves approach, explain the conditions of consumer’s
equilibrium. 6
AnaiQamaana vak` ivaiQa Wara ]pBaao@ta ko saMtulana kI Satao-M kI ovyaa#yaa kIijae.
17. Give the meaning of ex-ante investment. 1
p`ayaaoijat inavaoSa ka Aqa- bata[e.
18. State the components of money supply. 1
maud`a pUit- ko GaTk bata[e.
19. When you plan a trip to a foreign country, which sources will you try to get foreign
exchange? 1
jaba Aap ek ivadoSa yaa~a kI yaaojanaa banaato hOM tba ivadoSaI ivainamaya kha^M sao p`aPt kr sakto hO ?
20. Give the meaning of deflationary gap. 1
AvasfIitk Antrala ka Aqa- bata[e.
21. How is primary deficit calculated ? 1
P`aaqaimak GaaTo ka pirklana kOsao ikyaa jaata hO ?
22. Distinguish between real and nominal gross domestic product. 3
OR
Distinguish between consumer goods and capial goods. Which of these are
final goods?
vaastivak AaOr maaOid`k sakla doSaIya ]%pad maoM Baod kIijae.
Aqavaa
]pBaaoga vastuAaoM AaOr pU^MjaIgat vastuAaoM maoM Baod kIijae. [namaooM sao kaOna saI Aintma vastu hOM ?
23.Explain the ‘banker to the government’ function of the Central Bank.. 3
kond`Iya baOMk ko ‘sarkar ko baOMkr’ ko kaya- kI vyaa#yaa kIijae.
24. Distinguish between devaluation and depreciation of domestic currency. 3
Garolau maud`a ko AvamaUlyana AaOr ]sako maUlya h`asa maoM Baod kIijae.
25. How can Government budget be helpful in altering distribution of income in
an economy ? Explain. 3
ek Aqa-vyavasqaa maoM Aaya ko ivatrNa kao pirvait-t krnao maoM sarkarI bajaT iksa p`kar sahayak hao sakta h ?O samaJaa[e.
26. Explain the meaning of deficit in balance of payments. 3
Baugatana saMtulana maoM GaaTo ka Aqa- samaJaa[e.
27. State whether the following statements are true or false. Give reasons for your answer.
(a) When marginal propensity to consume is greater than marginal propensity 4
to save, the value of investment multiplier will be greater than 5.
(b) The value of marginal propensity to save can never be negative.
bata[e inamnailaiKt kqana sahI hOM yaa galat . Apnao ]%tr ko ilae karNa BaI dIijae.
(k) jaba saImaant ]pBaaoga p`vai%t saImaant bacat p`vai%t sao AiQak haotI hO tao inavaoSa gauNak ka maUlya 5 sao AiQak haogaa.
(K) saImaant bacat p`vai%t ka maUlya kBaI ?Naa%mak nahIM hao sakta .
28.Explain the process of money creation by Commercial Banks. 4
OR
How do changes in bank rate affect money creation by Commercial Banks ?
Explain.
vaiNaijyak baOMkaoM Wara maud`a inamaa-Na kI p`ik`yaa samaJaa[e.
Aqavaa
baOMk dr maoM pirbat-na vaaiNaijyak baOMk Wara maud`a inamaa-Na kao kOsao p`Baivat krto hO?
29. Giving reasons classify the following into direct and indirect tax : 4
(i) Wealth tax
(ii) Value added tax
karNa batato hue inamnailaiKt kao p`%yaxa AaOr Ap`%yaxa kr maoM vagaI-kRt kIijae .
(i) , sampi%t kr (ii) , maUlya saMvaRiW kr
30. In an economy 75 percent of the increase in income is spent on consumption.
Investment is increased by Rs. 1,000 crore. Calculate. 6
1. total increase in income
2. total increase in consumption expenditure.
ek Aqa-vyavasta maoM baZ,I hu[- Aaya ka 75 p`itSat ]pBaaoga pr vyaya ikyaa jaata hO. inavaoSa 1000 kraoD, baZ,ayaa jaata hO
.inamnailaiKt ka pirklana kIijae .
1 , Aaya maoM kula vaRiW 2 , ]pBaaoga vyaya maoM kula vaRiW
31. From the following data, calculate (a) Gross Domestic product at Factor Cost and (b)
Factor Income To Abroad: 6
(Rs. in crore)
(i) Gross domestic capital formation 600
(ii) Interest 200
(iii) Gross national product at market price 2,800
(iv) Rent 300
(v) Compensation of employees 1,600
(vi) Profits 400
(vii) Dividends 150
(viii) Factor income from abroad 50
(ix) Change in stock 100
(x) Net fixed capital formation 400
(xi). Net indirect taxes 240
(xii) Net exports (-) 30
Or
Calculate Net National Product at Factor Cost and Gross National
Disposable Income from the following :
( Rs. In crore)
(i) Net current transfers to the rest of the rest of the world 10
(ii) Saving of non-departmental enterprises 60
(iii) Net indirect tax 90
(iv) Income from property and entrepreneurship accruing to the
government administrative Departments 80
(v) Consumption of fixed capital 70
(vi) Personal tax 100
(vii) Corporation tax 40
(viii) National debt interest 30
(ix). Current transfer payments by Government 50
(x) Retained earnings of private corporate sector 10
(xi). Personal disposable income 1,100
inamnailaiKt Aa^MkD,aoM sao ( A ) kark laagat pr sakla doSaIya ]%tad AaOr ( ba ) ivadoSaaoM kao kark Aaya ka pirklana kIijae.
( kraoDaoM RS.)
(i) , sakla doSaIya p^MUjaI inamaa-Na 600
(ii) , byaaja 200
(iii), baaja,ar kImat pr sakla raYT`Iya ]%pad 2800
(iv), ikrayaa 300
(v), kma-caairyaaoM ka pairEaimak 1600
(vi), laaBa 400
(vii) , laaBaaMSa 150
(viii), ivadoSaaoM sao kark Aaya 50
(ix), sTa^Mk maoM pirvat-na 100
(x), inavala Ap`%yaxa kr 240
(xi), inavala sqayaI pU^MjaI inamaa-Na 400
(xii) inavala inayaa-t (-) 30
Aqavaa
inamnailaiKt Aa^MkD,aoM sao kark laagat pr inavala raYT`Iya ]%pad AaOr sakla raYT`Iya p`yaaojya Aaya ka pirklana kIijae
(kraoDaoM RS.)
(i) , SaoYa ivaSva sao inavala caalaU pU^MjaItr hstaMtrNa 10
(ii) , gaOr ivaBaagaIya ]VmaaoM kI bacat 60
(iii) inavala Ap`%yaxa kr 90
(iv), sarkarI p`Saasainak ivaBaagaaoM kao sampi%t sa p`aPt Aaya 80
(v), Acala pU^MjaI ka ]pBaaoga 70
(vi), vaOyai@tk kr 100
(vii) inagama kr 40
(viii) raYT`Iya ?Na pr byaaja 30
(ix), sarkar Wara caalaU pU^MjaItr hstaMtrNa 50
(x), inajaI inagaimt xao~ kI p`itQaairt Aaya 10
(xi), vaOyai@tk p`yaaojya Aaya 1000
32. How will you treat the following while estimating national income of India? 2+2+2
(a) Dividend received by an Indian from his investment in shares of a
foreign company.
(b) Money received by a family in India from relatives working abroad.
(c) Interest received on loans given to a friend for purchasing a car.
,
Baart kI raYT`Iya Aaya ka Aaklana krto samaya inamnailaiKt ko saaqa @yaa vyavahar kroMgao ? Apnao ]%tr ko ilae karNa
dIijae.
(a) ek BaartIya Wara ek ivadoSaI kmpnaI ko AMSaaoM ( SaoyaraoM ) maoM ike gae inavaoSa sao p`aPt laaBaaMSa.
(b), Baart maoM ek pirvaar kao ivadoSaaoM maoM kaya-rt irStodaraoM sao p`aPt Qana raiSa.
(c) ek ima~ kao kar KrIdnao do ilae ide gae ?Na pr p`aPt byaaja .
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