( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.

net

SECOND YEAR HIGHER SECONDARY EXAMINATION -2010-11

PART-III -ECONOMICS
MAX: 80 Scores Time: 2 Hours.

1. Find the correct term for the following: Concept a. Minimum consumption when the level of income is zero b. The Govt. imposed minimum limit of the price of a good Term

2. The GDP can be measured by using three methods: (a) identify the three methods (b) Prepare the equations to find out GDP with these separate methods. 3. Distinguish between substitute and complementary goods-give two examples of each. 4. Let the production function of a firm be Q=5L2 K2 4 3

. (a)

Find out the maximum possible 5 2

Output that the firm can produce with 10 units of L and 5 units of K. 5. Differentiate positive and normative economics. 3

6. A production possibility schedule is given below: (a) Calculate MOC. (b) What is the shape of PPC? X Y MOC 20 15 17 1 14 2 11 3 8 4 5 5 0 6 7. The Demand function of a monopoly firm is given by Q=50 -5P, Substitute the values of P from 3 to 10. (a) Calculate the demand schedule of the commodity. (b) From the table calculate the TR, AR, MR Values in a tabular form. (c) Draw the AR and MR curve in same axis. 8. The following information are collected from a firm: complete the table: 4 Factor 1 2 3 4 5 TPP 10 24 . 50 . MP . . 15 . . AP . . . . 11 5

( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.net

6 8 10. (a) Define the concept of money supply. (b) Name the four alternative measures of money supply. (c) Classify them into narrow money and broad money. 5 11. The govt. imposed upper limit on the price that may charge for a particular good is Called price ceiling. Give two examples of price ceiling. 2 12. Classify the cost into fixed and variable cost: Rent, wages, insurance premium, electricity charges, cost of raw material, salary to the managing director. 13. Draw the three sector circular flow and classify money flow and real flow. 8 14. Write the correct market form; KSEB. Reliance, Dalmia cement, Indian railway, BSNL. 2 15. Classify the following variables into two branches of economics: General Price level, consumption, Rent for a house in the city, percapita income, salary of a doctor, price of a book, national income. 3 16. Suppose the Government of India sanctioned Rs.40 crores each to 4 states in India, Find multiplier and multiplier effect on income: Karnataka -MPC: 0.6, Bihar-MPC: 0.8, UP-MPC: 0.4, MP-MPC:0.2. 5 17. Complete the table by calculation necessary figures: 3 3 57 . . 9. Prepare a Seminar report on the domestic factor income.

Domestic factor income Compensation of employees Rs.600 Rs.900 Rs.200 --Rs.200 --Rs.450 Rs.550

Mixed income Rs.150 Rs.200 --Rs.400

Operating surplus --Rs.250 Rs.500 Rs.450

18. Compare the functions of RBI and commercial banks 3 19. Complete the following chart appropriately: 4 Features Number of buyers Perfect competition . Monopoly ..

( Word to PDF Converter - Unregistered ) http://www.Word-to-PDF-Converter.net

Number of sellers Selling cost Entry and exit Nature of the product .. .. . ..

Output TFC TVC TC AFC AVC AC 0 150 1 200 2 240 3 270 4 290 5 300 6 360 20. The cost structure of a firm is given in the schedule, fill the column appropriately form the data given: 5 21. What are the basic conditions of market equilibrium? 2 ************************