Higher Secondary Examination March -2011

HSE- II

ECONOMICS
1. Complete the following table System Capitalism Mixed economy Xmsg tNn-cn-p ]nI ]qn-bm-pI kZvhyh kZvhyhsb \nb-{n-p coXn apX-em-fn kZvhyh Khsa v \nb-{n-pp an{ikZvhyh

Time: 2.45 Score :80

Mechanism to regulate the economy By the govt

(Score :3) 2. Classify the following in to micro economics and macro economics. Demand analysis, Consumption functions, Income determination, Pricing of factors of production, Investment function. Xmsg Xn-cn-p--hsb kqva km-nI imkv{Xw, qe km-nI imkv{Xw Fn-s\ cmbn Xcw-Xn-cn-p-I. (Un-am v A\m-en-kn-kv, D]-t`mK [w, hcp-am\ \n-bw, Dev]m-ZI LS-I--fpsS hne\n-bw, \nt] [w) (Score :3) 3. The consumer has an income of Rs.100. He wants to consumer two goods X and Y. Prices of X and Y are Rs.20 and Rs.10 respectively. a) State the equation of budget time. b) How much of good X he can buy, if he spends entire income on good X. c) How much of good Y he can buy, if he spend entire income on good Y. (Score :5) Hcp D]-t`m-mhv cp km[-\- hmp-p. cp-km-[-\--fpsS hne-I Rs.20, 10 Fn-cn--s, D]-t`m-m-hns hcp-am\w Rs.100. a) _Pv sse\ns ka-hmIyw cq]o-I-cn-pI b) D]-t`m-mhv Abm-fpsS hcp-am\w apgp-h Hm-as km[-\-n-t sNe-h-gnp-p-sh-n Abmv F{X Afhv Hm-sas km[\w hmmw ? c) D]-t`m-mhv Abm-fpsS hcp-am\w apgp-h cm-as km[-\-n-t sNe-h-gn-pp-sh-n Abmv F{X Afhv cm-as km[\w hmmw?

4. Identify the diagram given below and compare the points in the context of production lion possibilities of the economy Xmsg Xn-cn-p Nn{Xs Xncn-dn-bp-I-bpw, Nn{X-n ImWn-n-p hnhn[ _npsf , kPv hb-h-bpsS Dev]m-Z\ km[y-X-bpsS ASn-m-\-n Xmc-Xayw sNp-I. Y

Good %

.A
.B
0

.C
X

(Score :3)

5. Observe the following diagram Xmsg ImWn-n-cn-p Nn{Xw \nco-n-pI

Rate of Interest

A Demad for Money

.B

a) What does this curve show ? b) What does the segment A B of the curve shows? c) What is the reason for this shape of the curve? a) Cu Ihv Fns\ kqNn-n-p-p. b) Cu Ihns\ A BF `mKw kqNn-n-p--sXv ? c) Ihns Cu BIr-Xn-p Imc-W-sav ?

(Score : 4)

6. Sunil buys 10 k.g of a price of Rs.20 per k.g. It is found that the price elasticity of demand is 2.At what price wire he ready to buy 15 k.g of wheat ? Exbit the demand curve in a diagram. kp\n 10 tKmXv 20 In.{Kmw cq]m hnebvp hmp-p. hne Cem-kvXn-IX 2. a) GXp hnebvv Abm 15 In.{Kmw tKmXv hmpw b) Unam v Ihv hc-bvp-I. (Score : 4) 7. Complete the following statements. a. Minimum price fixed by govt.for a product is known as ............................... b. Maximum price fixed by govt. for a product is known as .............................. Xmsg Xn-cn-p {]kvXm-h-\-I ]qo-Icn-pI a. Hcp kmL-\-n\v Khsa v \n-bn-p Ipd hne ...............................-........................... F--dn-b-s-Sp-p. b. Hcp km[-\n\v Khsa v \n-bn-p IqSnb hne ............................-F-dn-b-s-Sp-p. (Score : 2)

8. Fill in the blanks with suitable ones given in brackets. = GNPMP ...... ........................... a NNMP b. GNPFC = GNPMP ...... .......................... c. GDPFC = GNPFC ...... ......................... d. NNPFC = GNPFC ...... ......................... e. GNPMP = GDPMP ...... .......................... (Net factor income from abroad, depreciation, Net indirect tax) hnp-t]m-b-hsb {_mbv-n \npw Xn-cn-p-h D]-tbm-Knv ]qn-bm-pI (hn-tZ-ip \np A-L-SI hcp-am-\w, tXbvam-\w, A- ]-tcm--\n-Ip-Xn) (Score :3) 9. Classify the following in to stock and flow (wealth, foreign exchange reserve, salary capital, export, capital formalin) Xmsg Xn-cn-p--hsb tmpw, ^vtfmbpw Fn-s\ cmbn Xcw Xncn-pI ([-\w, hntZihn\n-ab tiJ-cw, i-fw, aqe-[\w, Ib-p-a-Xn, aqe-[\ kam-l-c-Ww) (Score :2) 10 . Calculate the GDP deflator if nominal GOP is 3300 and real GDP is 2200 . Hcp cmPy-ns bYm GOP 2200 Dw t\man-\ GOP 3300 BsW-n-cn-s GDP deflator Ip-]n-Sn-pI 11. Computer TFC, TVC, AFC, AVC, Ac and mc from the following table (Score :2) Units of output 0 1 2 3 4 5 6 Total Cost 60 100 120 130 160 220 390

Xmsg Xn-cn-p ]n-I-bn \npw TFC, TVC, AFC, AVC, Ac and mcFnh Ip-]n-Sn-p-I. Units of output Total Cost 0 60 1 2 3 4 160 5 220 6 390 (Score :6) 12. Write one word a. Estimated revenue is equal to estimated expenditure b. Policy of the govt related to public expenditure and taxation H hmn D-c-sa-gp-XpI a. {]Xo-n-p hcp-am-\hpw , sNehpw Xpey-am-Ip Ah b. \nIp-Xn-bpw, s]mXp-Nn-e-hn-t\mSpw _-sv Khsans \bw (Score :2) 100 120 130

13. Prepare a seminar report based on the distinction between income method and expenditure method of national income accounting. tZiob hcp-am\ Af-hp-co-Xn-bn hcp-am-\-coXnbpw , Nnehp coXnbpw Xn-ep hyXymkw Bkv]-Z-amn Hcp skan-\m dntmv Xm-dm-pI (Score :8) 14.Classify the following terms in to a table as revenue expenditure and capital expenditure. (Grants to state govts, Subsidies, loans to state govts, Capital projects under plans, pensions, loans toForeign govt, Salaries to govt Staff, interest payment on public debt) Xmsg Xn-cn-p-hsb dh\yq sNe-shpw , aqe-[-hsN-e-shpw cmbn Xcw Xncnp-I. (kw-m\ KhsapIp {Kmp-I, kwm\ Khsap-Ip hmbv]I, ]-Xn-b-\p-k-cn-p aqe-[\ kwcw-`-, s]j-\p-I, hntZi KhsapI p hmbv]-, Khsap-tZym-K--cpsS i-fw, s]mXp-IS-nta-ep ]eni AS-hv) (Score : 5) 15.Qd = 20 -2 p Qs = 5 + 3 p are the demand and suppley funtion find equilibrium price and quantity. Hcp Dev]m-ZI bqWn-ns UPn-am v, kss-GIZ Xmsg Xn-cn-p-p. - - Qd = 20 -2 p Qs = 5 + 3 p kp-enX hne-bpw, Afhpw Is-p-I. (Score : 4) 16. If C = 0.8 and M = 0.3 a. Calculate open economy and closed economy multiplies b. If domestic autonomous demand increase by 100 what will be multiplier effect on output in both economy. c. Elucidate the result C = 0.8 and M = 0.3 a. Xpd kZv hyh-bp-tS-bpw, AS k-Zvhy-h--bp-tSbpw KpWIw Ip-]n-Snp-I. b. kZv hyh-bpsS kzX{ D]-t`mKw 100 Iv hn-p-p-s-n Xpd kZv hyh--bn-tebpw AS kZv hyh--bn-tebpw kp-enX hcp-am-\-n-\p-mIp amw Ip-]n-Sn-p-I. c. Nn{X-ns klm-b-tmsS hy-am-p-I. (Score : 6) 17. Find out the difference between the terms Devaluation and Depreciation Revaluation and appreciation

(Score : 4)

18. Connect columes A and B with C . A,B,C Fo tImf- tNcpw-]Sn tNp-I. A B a. Monopoly Fairly large number of IpI buyers and seller hmp-hcpw,-hnp--hcpw - [mcmfw b. Perfect Competition Single seller ]q-a-c H hn-\-m-c Itmfw c. Monoplistic Large number of Competetion buyers and seller IpI acw hmp-hcpw hnp--h-cpw, A\w

(Score : 3) C Price maker hne-kzo-Icn-p-h -

Produced differentiation DXv] hnt`-Z\w Price maker hne \n-bn-p--h

19. Identify the movements from the given to diagram Xmsg Xn-cn-p Nn{X-fnse amw {in-pI
Y D1 D D2 C A Y P0 B Price D1 0 q D2 D X 0 q0 q Quantity q1 X P P1 N M L

P Price

a. b. c. d. a. b. c. d.

Movement from A to B Movement from A to C Movement from M to N Movement from M to L A bn \npw B bnte-p amw A bn \npw C bnte-p amw M bn \npw N bnte-p amw M bn \npw L bnte-p amw (Score : 2)

20. Complete the Chart Nmv ]qn-bm-pI

(Score : 2)

Firm

Houshold

21. a. b. c.

Rewrite the statements of the are Two goods which are used together are called substitute goods. The in position of a unit tax shift the supply curve of a firm to the lift The open economy multiplier is smaller than that in a closed economy.

a. cp km[-\- Hcp-an-p-am{Xw D]-tbm-Kn-m Ign-bp-s-n Ahsb {]Xn-m-]\ hkvXp- Fp ]d-bp-p. b. bqWnv SmIvkv Npa-p-tm {]Zm\ h{Iw CS-tmv m\w amdp-p. c. Xpd k-Zvhy-h-bpsS KpWIw, AS-k-Zv hyh-bpsS KW-I-t-m sNdp-Xm-bn-cn-pw. (Score : 3) 22. How is real exchange rate is calculated ? -bYm hn\n-a-b-\n-cv \n-bn-p--sX-s\ ? (Score : 1)