Select Board & Class

• Question 3

What is the behaviour of average fixed cost as output increases?

VIEW SOLUTION
• Question 4

What is the behaviour of average revenue in a market in which a firm can sell more only by lowering the price?

VIEW SOLUTION
• Question 6

State reasons why does an economic problem arise?

VIEW SOLUTION
• Question 7

Given price of a goods, how does a consumer decide as to how much of the good to buy?

VIEW SOLUTION
• Question 8

Draw Average Variable Cost, Average Total Cost ad Marginal Cost curves in a single diagram.

VIEW SOLUTION
• Question 9

A producer invests his own savings in starting a business and employs a manager to look after it. Identify implicit and explicit costs from this information. Explain.

VIEW SOLUTION
• Question 10

Explain the implication of large number of buyers in a perfectly competitive market.

OR

Explain why firms are mutually interdependent in an oligopoly market.

VIEW SOLUTION
• Question 11

Define an indifference map. Explain why an indifference curve to the right shows higher utility level.

VIEW SOLUTION
• Question 12

A consumer buys 20 units of a good at a price of Rs 5 per unit. He incurs an expenditure of Rs120 when he buys 24 units. Calculate price elasticity of demand using the percentage method. Comment upon the likely shape of demand curve based on this information.

VIEW SOLUTION
• Question 13

What does the Law of variable Proportions show? State the behaviour of total product according to this law.

OR

Explain how changes in prices of other products influence the supply of a given product.

VIEW SOLUTION
• Question 14

Explain how do the following influence demand for a good:

(i) Rise in income of the consumer.

(ii) Fall in prices of the related goods.

VIEW SOLUTION
• Question 15

Explain the conditions of a producer’s equilibrium in terms of marginal cost and marginal revenue. Use diagram.

VIEW SOLUTION
• Question 16

Market for a good is in equilibrium. There is simultaneous “increase” both in demand and supply of the good. Explain its effect on market price.

OR

Market for a good is in equilibrium. There is simultaneous “decrease” both in demand and supply of the good. Explain its effect on market price.

VIEW SOLUTION
• Question 21

Give meaning of managed floating exchange rate.

VIEW SOLUTION
• Question 22

Find Net Value Added at Market Price

 S. No. Items Amount (i) Output sold (units) 800 (ii) Price per unit of output (Rs) 20 (iii) Excise (Rs) 1,600 (iv) Import duty (Rs) 400 (v) Net change in stocks (Rs) (–) 500 (vi) Depreciation (Rs) 1,000 (vii) Intermediate Cost (Rs) 8,000

VIEW SOLUTION
• Question 23

Explain the significance of the ‘Store of Value’ function of money.

VIEW SOLUTION
• Question 24

Outline the steps taken in deriving saving curve from the consumption curve. Use diagram.

VIEW SOLUTION
• Question 25

Find consumption expenditure from the following:

 Items Amount Autonomous consumption Rs 100 Marginal propensity to consume 0.70 National Income Rs 1,000

VIEW SOLUTION
• Question 26

Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.

OR

Explain the role of Government budget in allocation of resources.

VIEW SOLUTION
• Question 27

Giving reasons to explain how the followings should be treated in estimating national income:

(i) Interest paid by bank on deposits by individuals.

(ii) National debt interest.

VIEW SOLUTION
• Question 28

Explain the components of Legal reserve Ratio.

OR

Explain ‘bankers’ bank, function of Central bank.

VIEW SOLUTION
• Question 29

Explain ‘Revenue Deficit’ in a Government budget? What does it indicate?

VIEW SOLUTION
• Question 30

Find out (a) Gross National Product at market Price and (b) Net Current Transfers from Abroad:

 S. No. Items (Rs crore) (i) Net indirect tax 35 (ii) Private final consumption expenditure 500 (iii) Net national disposable income 750 (iv) Closing stock 10 (v) Government final consumption expenditure 150 (vi) Net domestic fixed capital formation 100 (vii) Net factor income to abroad (–) 15 (viii) Net imports 20 (ix) Opening stock 10 (x) Consumption of fixed capital 50

VIEW SOLUTION
• Question 31

Explain the concept of ‘excess demand’ in macroeconomics. Also explain the role of ‘open market operation’ in correcting it.

OR

Explain the concept of ‘deficient demand’ in macroeconomics. Also explain the role of Bank Rate in correcting it.

VIEW SOLUTION
• Question 32

Explain the distinction between autonomous and accommodating transactions in balance of payments. Also explain the concept of balance of payments ‘deficit’ in this context.

VIEW SOLUTION
What are you looking for?

Syllabus