Commerce (English Medium)
Science (English Medium)
Arts (English Medium)
Academic Year: 2013-2014
Date: March 2014
Advertisements
Define marginal revenue.
Chapter: [0.03] Producer Behaviour and Supply
Unemployment is reduced due to the measures were taken by the government. State its economic value in the context of production possibilities frontier.
Chapter: [0.04] Determination of Income and Employment [0.07] Employment: Growth, Informalisation and Other Issues
Give the meaning of returns to a factor.
Chapter: [0.03] Producer Behaviour and Supply
What is perfect oligopoly?
Chapter: [0.04] Forms of Market and Price Determination
Define indifference map.
Chapter: [0.02] Consumer Equilibrium and Demand
What is the behaviour of average fixed cost as output is increased? Why is it so?
Chapter: [0.03] Producer Behaviour and Supply
State the relation between marginal revenue and average revenue.
Chapter: [0.03] Producer Behaviour and Supply
State the relation between total cost and marginal cost.
Chapter: [0.03] Producer Behaviour and Supply
Answer the following question.
Why are the firms said to be interdependent in an oligopoly market? Explain.
Chapter: [0.04] Forms of Market and Price Determination
Answer the following question.
Explain the central problem for whom to produce.
Chapter: [0.01] Introduction
A consumer buys 30 units of a good at a price of the Rs10per unit. The price elasticity of demand for the good is (-) 1. How many units will the consumer buy at a price of Rs 9 per unit? Calculate.
Chapter: [0.02] Consumer Equilibrium and Demand
Given the meaning of market demand.
Chapter: [0.02] Consumer Equilibrium and Demand
Name the factors determining market demand
Chapter: [0.02] Consumer Equilibrium and Demand
State the behaviour of marginal product in the law of variable proportions. Explain the causes of this behaviour
Chapter: [0.03] Producer Behaviour and Supply
Advertisements
A consumer consumes only two goods. Explain consumer's equilibrium with the help of utility analysis.
Chapter: [0.02] Consumer Equilibrium and Demand
A consumer consumes only two goods A and B and is in equilibrium. Show that when price of good B falls, demand for B rises. Answer this question with the help of utility analysis
Chapter: [0.02] Consumer Equilibrium and Demand
From the following information about a firm, find the firms equilibrium output in terms of marginal cost and marginal revenue. Give reasons. Also find profit at this output
| Output (units) | Total Revenue (Rs) | Total Cost (Rs) |
| 1 | 7 | 8 |
| 2 | 14 | 15 |
| 3 | 21 | 21 |
| 4 | 28 | 28 |
| 5 | 35 | 36 |
Chapter: [0.03] Producer Behaviour and Supply
Market of a commodity is in equilibrium. Demand for the commodity "increases." Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram.
Chapter: [0.02] Consumer Equilibrium and Demand
Explain the conditions of consumer’s equilibrium using indifference curve analysis.
Chapter: [0.02] Consumer Equilibrium and Demand
Explain the three properties of the indifference curves.
Chapter: [0.02] Consumer Equilibrium and Demand
Define aggregate supply?
Chapter: [0.04] Determination of Income and Employment
What is government budget?
Chapter: [0.05] Government Budget and the Economy
What is 'devaluation'?
Chapter: [0.06] Open Economy Macroeconomics
What are demand deposits?
Chapter: [0.03] Money and Banking
Define marginal propensity to consume
Chapter: [0.04] Determination of Income and Employment
Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on a collection of taxes.
Chapter: [0.05] Government Budget and the Economy
Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.
Expenditure on purchasing computers
Chapter: [0.05] Government Budget and the Economy
Advertisements
How does giving incentives for the exports influence foreign exchange rate? Explain
Chapter: [0.06] Open Economy Macroeconomics
Define externalities. Give an example of negative externality. What is its impact on welfare?
Chapter: [0.02] National Income and Related Aggregates
Explain the ‘store of value’ function of money. How has solved the related problem created by barter?
Chapter: [0.03] Money and Banking
Explain the significance of 'medium of exchange' function of money
Chapter: [0.03] Money and Banking
Explain the meaning of balance of payments deficit.
Chapter: [0.06] Open Economy Macroeconomics
Calculate investment expenditure from the following data about an economy which is in equilibrium:
National income = 1500
Autonomous consumption expenditure = 300
Investment expenditure = 300
Chapter: [0.02] National Income and Related Aggregates
Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.
Chapter: [0.05] Government Budget and the Economy
Define money supply
Chapter: [0.04] Determination of Income and Employment
Explain money supply components.
Chapter: [0.04] Determination of Income and Employment
Answer the following question.
Explain the 'lender of last resort' function of central bank.
Chapter: [0.03] Money and Banking
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Fees to a mechanic paid by a firm.
Chapter: [0.02] National Income and Related Aggregates
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Interest paid by an individual on a car loan taken from a bank.
Chapter: [0.02] National Income and Related Aggregates
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Expenditure on purchasing a car for use by a firm.
Chapter: [0.02] National Income and Related Aggregates
Explain national income equilibrium through aggregate demand and aggregate supply. Use diagram. Also explain the changes that take place in an economy when the economy is not in equilibrium
Chapter: [0.04] Determination of Income and Employment
Given consumption curve, derive saving curve and state the steps taken in the process of derivation. Use Diagram.
Chapter: [0.04] Determination of Income and Employment
Calculate national income and gross national disposable income from the following:
| (Rs Arab) | ||
| 1 | Net current transfers to abroad | 5 |
| 2 | Government final consumption expenditure | 100 |
| 3 | Net indirect tax | 80 |
| 4 | Private final consumption expenditure | 300 |
| 5 | Consumption of fixed capital | 20 |
| 6 | Gross domestic fixed capital formation | 50 |
| 7 | Net imports | (-)10 |
| 8 | Closing stock | 25 |
| 9 | Opening stock | 25 |
| 10 | Net factor income to abroad | 10 |
Chapter: [0.02] National Income and Related Aggregates
Other Solutions
Submit Question Paper
Help us maintain new question papers on Shaalaa.com, so we can continue to help studentsonly jpg, png and pdf files
CBSE previous year question papers Class 12 Economics with solutions 2013 - 2014
Previous year Question paper for CBSE Class 12 Economics-2014 is solved by experts. Solved question papers gives you the chance to check yourself after your mock test.
By referring the question paper Solutions for Economics, you can scale your preparation level and work on your weak areas. It will also help the candidates in developing the time-management skills. Practice makes perfect, and there is no better way to practice than to attempt previous year question paper solutions of CBSE Class 12.
How CBSE Class 12 Question Paper solutions Help Students ?
• Question paper solutions for Economics will helps students to prepare for exam.
• Question paper with answer will boost students confidence in exam time and also give you an idea About the important questions and topics to be prepared for the board exam.
• For finding solution of question papers no need to refer so multiple sources like textbook or guides.
