Sample Paper-1 (2008-09)vFkZ”kkL=

le; % 3 ?k.Vs XII vf/kdre vad %100

Instruction: 1. All questions in both the sections are compulsory.2. Marks for questions are indicated against each.3. Question Nos. 1-5 and 17-21 are very short-answers questions carrying 1 mark. They are required to be answered in one sentence each.4. Question Nos. 6-10 and 22-26 are short-answers questions carrying 3 marks each. Answer to them should not normally exceed 60 words each.5. Question Nos. 11-13 and 27-29 are also short-answers carrying 4 marks each. Answer to them should not normally exceed 70 words each.6. Question Nos. 14-16 and 30-32 are also short-answers carrying 6 marks each. Answer to them should not normally exceed 100 words each.7. Answers should be brief and to the point and the above word limit be adhered to as far as possible.

lekU; funsZ”k %1- nksuks [k.Mksa ds lHkh iz”u vfuok;Z gSaA2- izR;sd iz”u ds fu/kkZfjr vad mlds lkeus fn, x, gSaA3- izR;sd la[;k 1&5 rFkk 17&21 vfr y?kwrjkRed iz”u gSa ftuesa izR;sd das 1 vad gSaA budk mÙkj dsoy ,d okD; esa gh fn;k tkuk gSA4- iz”u la[;k 6&10 vkSj 22&26 y?kwrjkRed iz”u gSa ftuesa izR;sd das 3 vad gSaA izR;sd dk mÙkj lkekU;r% 60 “kCnksa ls vf/kd ugha gksuk pkfg,A5- iz”u la[;k 11&13 vkSj 27&29 Hkh y?kwrjkRed iz”u gSa ftuesa izR;sd das 4 vad gSaA izR;sd dk mÙkj lkekU;r% 70 “kCnksa ls vf/kd ugha gksuk pkfg,A6- iz”u la[;k 14&16 vkSj 30&32 Hkh O;k[;kRed mÙkj okys iz”u gSa ftuesa izR;sd ds 6 vad gSaA izR;sd dk mÙkj lkekU;r% 100 “kCnksa ls vf/kd ugha gksuk pkfg,A7- mÙkj laf{kIr rFkk rF;kRed gksus pkfg, rFkk ;FkklaHko Åij nh xbZ lhek ds varxZr gh fn, tk,WA

Q1. Define Variable Cost. 1 ifjorZu”khy ykxr dh ifjHkk’kk dhft,AQ2. Define Marginal Revenue. 1 lhekar ykxr dh ifjHkk’kk nhft,AQ3. Define Production Possibility Curve. 1 mRiknu laHkkouk oØ dh ifjHkkf’kr dhft,AQ4. Under which form of Market Price discrimination is possible. 1 fdl oLrq dh iw.kZr;k ykspnkj ekax ls vki D;k le>rs gSaAQ5. What is meant by perfectly elastic demand of a commodity. 1 fdlh oLrq dh iw.kZr;k ykspnkj ekax ls D;k vfHkizk; gSaAQ6. Explain the Law of Demand with the help of a demand schedule. 3 Ekkax rkfydk dh lgk;rk ls ekax ds fu;e dh O;k[;k dhft,A

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Distinguish between increase in demand and increase in Quantity demanded. ekax esa o`f) vFkok ekaxh xbZ ek=k esa o`f) esa varj Li’V dhft,AQ7. State the problems relating to allocation of Resources in an economy. 3 ,d vFkZO;oLFkk esa lk/kuks ds cWVokjs ls lacf/kr leL;k dks crkb;sAQ8. Explain the geometric method of measuring price elasticity of supply. 3 iwfrZ dh yksp ekius dh T;kfeÙkh; fof/k dk o.kZu djsA

1

Q9. Explain the effects of rise in income on demand for a good. Use diagram. 3 ,d oLrq dh ekax ij vk; esa gksus okyh o`f) ds iM+us okys izHkko dks fp= lfgr o.kZu djsAQ10. What will be the effect on equilibrium price and quantity of a commodity when the demand and supply both increases in the same proportion. Use diagram. 3 fdlh oLrq dh ekax rFkk iwfrZ ds leku vuqikr esa c<+us ij mldh larqyu dher rFkk ek=k ij D;k izHkko iM+sxkAQ11. Explain the condition leading to maximisation of profits by a producer. Use total Cost and total Revenue Approach. 4 mRiknd ds vf/kdre ykHk “krZ dh O;k[;k djsA dqy ykxr rFkk dqy vkxe /kkj.kk dk iz;ksx djsAQ12. Complete the following table:- 4 fuEufyf[kr dks iwjk dhft,A

Output mRiknu(units bZdkbZ;kW)

Total Variable Costdqy ifjorZu”khy ykxr

Rs.#

Average Variable CostvkSlr ifjorZu”khy ykxr

Rs. #

Marginal Costlhaekr ykxr

Rs. #

1 10 --- ---

--- --- 8 6

3 27 --- ---

--- --- 10 13

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Calculate total variable cost and total cost from the following cost schedule of a firm whose fixed cost are Rs 10. ,d QeZ dh dqy ifjorZu”khy ykxr rFkk dqy ykxr dh fuEufyf[kr rkfydk ls x.kuk djs ftldh fLFkj ykxr 10 #0 gSaA

Output mRiknu (units bZdkbZ;kW)

1 2 3 4

Marginal Cost lhaekr ykxr (Rs #)

6 5 4 6

Q13. Complete the following table. 4 fuEufyf[kr rkfydk dks iw.kZ dhft,A

Q14. Explain the likely behaviour of total Product and marginal Product when only one input is increased while all other inputs are kept unchanged. 6 tc ,d vkxr dh ek=k dks c<+k;k tk, rFkk vU; vkxrksa dks fLFkj j[kk tk, rks ,slh fLFkfr esa dqy mRikn rFkk lhekar mRikn ds O;ogkj dks le>kb,A

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2

Pricedher

OutputmRiknu

TRdqy vkxe

MRlhekar vkxe

7 --- 7 ------ 2 --- 34 --- 12 ------ 4 --- 4

All inputs used in production of a good are increased simultaneously and in the same proportion. What are its possible effects on total Product ? Explain with the help of a numerical example. ;fn ,d oLrq ds mRiknu esa iz;qDr lHkh lk/kuks dks ,d lkFk leku vuqikr esa c<+k;k tkrk gS rks dqy mRikn ij bldk laHko izHkko D;k gksxsaA la[;kRed mnkgj.k dh lgk;rk ls le>kb,AQ15. Distinguish between Monopoly Market and Monopolistic Competition Market. 6 ,dkf/kdkj cktkj rFkk ,dkf/kdkjh izfr;ksfxrk cktkj esa varj crkbZ,A

Q16. Explain the effects of rise in the prices of related goods on the demand of a commodity. lacf/kr oLrqvks dh dherks esa o`f) dk oLrq dh ekax ij D;k izHkko iM+sxkA

le>kb,A 6

Q17. If MPC is 0.8. Calculate Investment Multiplier. 1 ;fn lhekUr mi;ksx izo`fr 0-8 gSA rks fuos”k xq.kad Kkr djksA

Q18. What is Revenue deficit? 1 jktLo /kkVk D;k gS\Q19. What is Balance of Payment? 1 Hkqxrku “ks’k D;k gS\Q20. Give meaning of deficient demand. 1 vHkkoh ekax dk vFkZ fy[kksAQ21. What is a Commercial Bank? 1 O;kikfjd cSad D;k gaS\Q22. Calculate Gross National disposable Income and Net national disposable Income from the following data:- 3 fuEufyf[kr vkadM+ks ls ldy jk’Vªh; iz;ksT; vk; vkSj “kq) jk’Vªh; iz;ksT; vk; dh x.kuk djksA

(Rs. in Crores)# djksM+ esa(i) Net current transfers received from rest of the World “ks’k fo”o ls “kq) izpfyr gLrkarj.k

10

(ii) Consumption of fixed capital fLFkj iwath dk mi;ksx

20

(iii) Indirect Tax vizR;{k dj

30

(iv) Current transfers paid to rest of the world “ks’k fo”o dks izpkfyr gLrkarj.k

15

(v) Subsidies vkfFkZd lgk;rk

05

(vi) Net factor income paid to the rest of the world “ks’k fo”o dks “kq) lk/ku vk;

-25

(vii) NDP at FC “kq) /kjsyw mRiknu lk/ku ykxr ij

250

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Calculate Personal Disposable Income from the following data: fuEufyf[kr vkadM+ks dh lgk;rk O;fDrxr iz;ksT; vk; dh x.kuk dhft,A

(Rs. in Crores) # djksM+ esa(i) NNP at FC accruing to private sector futh {ks= dks “kq) jk’Vªh; mRiknu lk/ku ykxr ls izkIr vk;

600

(ii) National debt interest jk’Vªh; _.k ij C;kt

50

3

(iii) Personal Taxes O;fDrxr dj

80

(iv) Undistributed Profits vforfjr ykHk

10

(v) Corporation Tax fuxe dj

100

(vi) Net current transfers from rest of world “ks’k fo”o ls ”kq) izpfyr gLrkarj.k

-20

(vii) Current transfers from Government ljdkj ls izpfyr gLrkarj.k

30

Q23. State three functions of money. 3 eqnzk ds 3 dk;Z crkvksAQ24. When exchange rate of foreign currency falls, its demand rises. Explain, how? 3 tc fons”kh eqnzk dh fofue; nj fxjrh gS] rks bldh ekax c<+rh gS] dSls \ le>kvksa AQ25. What is meant by fiscal deficit? What problems can fiscal deficit create for an economy? jktdks’kh; /kkVs ls D;k vfHkizk; gS blls vFkZO;oLFkk esa dkSu lh leL;k,a mRiu gks ldrh gS\ 3

Q26. State three items of capital account in Balance of payment account. 3 Hkqxrku “ks’k ds iwathxr [kkrs dh 3 ens fy[kksAQ27. Distinguish between revenue receipts and capital receipt and give two examples of each jktLo izkfIr;kW vkSj iWwthxr izkfIr;ksa esa foHksn djksA izR;sd ds 2 mnkgj.k nksA 4

Q28. Explain the acceptance of deposit functions of commercial bank. 4 O;kikfjd cSad ds *tekvks dks Lohdkj djuk* dk;Z le>kvksaA

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State the role of central bank as a banker to the bank. dsUnzh; cSad ds *cSdks dk cSd* ds #i esa Hkwfedk le>kvksaAQ29. Complete the following table :- 4

fuEufyf[kr lkj.kh dks iwjk djks&Income (Rs in Crore)vk; # djksM esa

Consumption Expenditure (Rs. In Crore)miHkksx O;; # djksM esa

A.P.vkSlr miHkksx izo`fr

MPClhekUr miHkksx izo`fr

0 410 1220 2030 2840 36

Q30. Will the following be included or not in domestic factor income of India. Give reason for your answer:-D;k /kjsyw lk/ku lk/ku vk; esa fuEu dks “kkfey djsaxs ;k ughaA mÙkj dk dkj.k Hkh crkvksaA 6(i) Compensation of employee paid by American Embassy in India. vesfjdk ds nwrkokl ls tks Hkkjr esa gS deZpkfj;ksa dks fn;k tkus okyk ikfjJkfedA(ii) Salary paid to a non resident teacher teaching in a School in India.

4

Hkkjr esa fo|ky; esa dke djus okys XkSj fuoklh dks fn;k tkus okyk osruA(iii) Salary paid Indian Embassy in France to the resident of France working in it. Ýakl esa Hkkjrh; nwrkokl esa Ýkalhlh dks fn;k tkus okyk osru A

Q31. Explain the meaning of equilibrium level of Income and output with the help of saving and investment curves. If planned expenditure is less than planned output. What change will take place in the Economy? 6 cpr o fuos”k oØ }kjk mRiknu vkSj vk; ds LkkE;Lrj dks le>kvksaA ;fn fu;ksftr [kpZ fu;ksftr mRiknu ls de gks] rks vFkZO;oLFkk eas D;k ifjorZu gksxs\

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In an Economy C= 500+0.9 Y and I=1000 (where C=consumption, Y = Income, I=Investment etc.) Calculate the following :- ,d vFkZO;oLFkk esa C= 500+0.9 Y vkSj I=1000 (tgkW C= miHkksx, Y = vk;, I= fuos”k etc.) fuEufyf[kr dh x.kuk djksA

(i) Equilibrium level of income vk; dk LkkE;Lrj

(ii) Consumption expenditure at equilibrium level of income vk; ds LkkE;Lrj ij miHkksx O;;Q32. From the following data calculate National Income by 6 (i) Income method and (ii) Expenditure method fuEufyf[kr vkWdM+ks ls jk’Vªh; vk; Kkr djksA 1- vk; fof/k 2- O;; fof/k

(Rs in crores) # djksM+

esa

(i) Government final consumption expenditure 1000 ljdkjh vfUre mi;ksx O;;(ii) Interest 350 C;kt(iii) Rent 300

yxku(iv) Mixed Income of Self Employed 600 Lofu;ksftrks dh fefJr vk;(v) Employers contribution to Social Security Schemes 100 Lkekftd lqj{kk esa ekfydks dk ;ksxnku(vi) Compensation of Employees 3000

deZpkfj;ksa dk ikfjJfed(vii) Net domestic capital formation 650

“kq) /kjsyw iWwth fuEkkZ.k(viii) Net Exports -100 “kq) fu;kZr(ix) Net factor Income from Abroad -50

5

fons”kks ls “kq) lk/ku vk;(x) Net Indirect Tax 500 “kq) vizR;{k dj(xi) Private Final Consumption Expenditure 4000 futh vfUre miHkksx O;;(xii)Consumption of fixed capital 250 fLFkj iWwth dk miHkksx(xiii)Change in stock 50 LVkWd esa ifjorZu(xiv)Profits 800 ykHk

6