CBSE Guess Paper - 2011
Class- XII
Subject – Economics
1. A government budget shows a primary deficit of Rs.4, 400 crores. The revenue expenditure on interest payment is Rs. 400 cr. How much is fiscal deficit? 1
2. Define the term legal reserve ratio. 1
3. Give the example of Macro variables. 1
4. When does consumer demand more at more price OR less price? 1
5. Differentiate between Intermediate product and Final product 3
6. Differentiate between Real GDP and Nominal GDP. 3
7. If MPC and MPS are equal, what is the value of multiplier? 3
8. Calculate Gross value added at factor cost from the following: 3
| Depreciation | 25/- (Rs. Lakhs) |
| Sales | 300/- |
| Exports | 20/- |
| Net change in stock | 30/- |
| Purchase of raw materials | 170/- |
| Imports of raw materials | 35/- |
9. Calculate Gross Value Added at factor cost:- 3
| Sales | 800/- |
| Opening stock | 40/- |
| Closing stock | 30/- |
| Subsidies | 50/- |
| Purchase of intermediate product | 400/- |
| Purchase of machinery | 200/- |
10. Distinguish between revenue receipts and capital receipts in a govt. budget.Give one example each. 4
11. What do you understand by underemployment equilibrium? Show with the help of AD-AS curve that how an economy can attain full employment equilibrium. 4
12. Define cash reserve ratio? Explain how the central bank uses CRR and Bank rate to control inflation in an economy? 6
13. Explain the equilibrium through AD and AS approach . 6