Plus Two / 12th Std / +2 / HSE : www.dhsekerala.gov.in Economics Model Question Paper

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Document Desccribed : Economics Question Paper, Kerala Question Paper

HIGHER SECONDARY MODEL EXAMINATION FEB – 2012
ECONOMICS
Max. Marks : 80 HSE II
Cool off time 15 mts

http://dhsekerala.gov.in/ques_download.aspx
http://dhsekerala.gov.in/downloads/q...co%20hseII.pdf

1. Perfect competition is a market structure characterised by a complete absence of rivalry among he individual firms. Do you agree with his statement ? Elaborate
3. Classify the following into variable cost & fixed cost. Salary of Manager, Electricity Charge, packing charges, wages of temporary workers, rent, price of machines
4. “In the long run the shut down point of the firm is the minimum of LRAC curve”. a. Which is the shut down point of a perfect competitive firm in the short run. Draw the diagram to explain the shut down condition of a firm under short run.
5. Let the production function of a firm be Q = 3L2 K2
a) Find out the maximum possible output that the firm can produce with the 5 units of labour and 3 units of capital
b) Find out the maximum possible output that the firm can produce with 10 units of labour „O? units of capital.
6. Prepare a seminar report on the instruments of monetary policy of R.B.I. The report –should have
(a) Title (b) Introduction (c) Content (d) conclusion with own observation.
8. Categorise the following flows in the given chart.
(a) flow of factor service
(b) flow of factor rewards
(c) flow of consumption investment expendiure.
d) flow of goods and services
9. From the data given in the table calculate (a) GNP at MP and (b) NNP at MP
Item Amount Rs. In crores
GDP at factor cost 4000
Indirect taxes 5000
Subsidy 2000
Comsumption of fixed capital 4000
Net factor income from abroad 3000
10. After the first world war, North America and Europe were trapped in economic crisis during 1930?s.
a. Name the crisis
b. Name the much celebrated book dealing with this crisis.
c. Name the branch of study in Economics emerged after the crisis.
11. GDP is not a good measure of economic welfare. Do you agree? Given your own arguments in favour of your answer?
12. Suppose the govt of India Sanctioned Rs 40 crores each to 4 states in India. Find the multiplier & multiplier effect on income.
Karnataka –MPC – 0.6
Bihar MPC= 0.8
UP - MPC – 0.4
MP MPC = 0.2
14. Complete the following Features Perfect Competition Monopolistic competition
No of buyers - -
No of sellers - -
Price of the product - -
Selling cost - -
Exit & Entry -
15. If c=0.8 and M=0.3 find the open and closed economy multiplier?
16. Suppose C=40+0.8YD T = 50 I = 60 G = 40 X = 90 M = 50 + 0.05Y a. Find equilibrium income b. Find the net export balance at equilibrium level of income c. What happens to equilibrium income and he net export balance when government purchase increase from 40 to 50
17. If a toy costs $20 in America and exchange rate is 45per U.S. dollars what is the price of this toy in Indian currency.
18. Classify the following into appropriate heads. Machinery, shipping services, textiles, Wheat, banking services, Insurance
19. Look at the following PPC of rice and cotton in India. Experts argue that we could enlarge cotton production by using „Bt? cotton seeds without affecting rice production. If so rearrange the PPC given below and give the term used in economics to denote that change.
20. Classify the following tems into a table as labour intensive technolgy and capital inensive technology Cashew industry, Coir Industry, Hand loom, Power loom, Car Industry, Mining and oil refinery
21. In a fruit Market in Trissur, the price of orange was Rs. 20 per dozen at this price 800 dozen oranges were demanded in the Market. Now the price of orange increases to Rs. 25 per dozen. As a result the quantity of oranges demanded decreased to 500 dozen.
a) Define Price elasticity of demand
b) Calculate the price elasticity from the give
24 MPC of a state in India is 0.8. Find tax multiplier and Govt expenditure multiplier

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Plus two Economics questions&answer key