H$moS> Z.

Series OSR/C

Code No.

amob Z.

58/3

narjmWu H$moS >H$mo Cma-nwpVH$m Ho$ _wI-n

>na Ad` {bIo &

Roll No.

Candidates must write the Code on the

title page of the answer-book.

H$n`m OmM H$a b| {H$ Bg Z-n _o _w{V n> 11 h &

Z-n _| Xm{hZo hmW H$s Amoa {XE JE H$moS >Z~a H$mo N>m Cma -nwpVH$m Ho$ _wI-n> na
{bI| &
H$n`m OmM H$a b| {H$ Bg Z-n _| >32 Z h &
H$n`m Z H$m Cma {bIZm ew$ H$aZo go nhbo, Z H$m H$_mH$ Ad` {bI| &
Bg Z-n H$mo nT>Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h & Z-n H$m {dVaU nydm
_| 10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>m Ho$db Z-n H$mo nT>|Jo
Ama Bg Ad{Y Ho$ XmamZ do Cma-nwpVH$m na H$moB Cma Zht {bI|Jo &

Please check that this question paper contains 11 printed pages.

Code number given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
Please check that this question paper contains 32 questions.
Please write down the Serial Number of the question before
attempting it.
15 minutes time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the
students will read the question paper only and will not write any answer on
the answer-book during this period.

AWem
ECONOMICS

{ZYm[aV g_` : 3 KQ>o

A{YH$V_ AH$ : 100

Time allowed : 3 hours

58/3

Maximum Marks : 100

1

P.T.O.

gm_m` {ZX}e :
(i)
XmoZm| IS>m| Ho$ g^r Z A{Zdm` h &
(ii)
`oH$ Z Ho$ {ZYm[aV AH$ CgHo$ gm_Zo {XE JE h &
(iii) Z g`m 1 5 VWm 17 21 A{V bKwmam_H$ Z h, {OZ_| `oH$ H$m 1 AH$ h &
BZH$m `oH$ H$m Cma EH$ dm` _| hr Ano{jV h &
(iv) Z g`m 6 10 Ama 22 26 bKwmam_H$ Z h, {OZ_| `oH$ Ho$ 3 AH$ h &
`oH$ H$m Cma gm_m`V 60 eXm| go A{YH$ Zht hmoZm Mm{hE &
(v)
Z g`m 11 13 Ama 27 29 ^r bKwmam_H$ Z h, {OZ_| `oH$ Ho$ 4 AH$ h &
`oH$ H$m Cma gm_m`V 70 eXm| go A{YH$ Zht hmoZm Mm{hE &
(vi) Z g`m 14 16 Ama 30 32 `m`m_H$ Cma dmbo Z h, {OZ_| `oH$ Ho$
6 AH$ h & `oH$ H$m Cma gm_m`V 100 eXm| go A{YH$ Zht hmoZm Mm{hE &
(vii) Vmam{H$V (*) Z _y`mYm[aV Z h &
(viii) Cma g{j VWm V`m_H$ hmoZo Mm{hE VWm `Wmg^d D$na Xr JB gr_m Ho$ AVJV hr
{XE OmZo Mm{hE &
General Instructions :
(i)

All questions in both the sections are compulsory.

(ii)

Marks for questions are indicated against each.

(iii)

Questions No. 1 5 and 17 21 are very short-answer questions carrying

1 mark each. They are required to be answered in one sentence each.

(iv)

Questions No. 6 10 and 22 26 are short-answer questions carrying

3 marks each. Answers to them should normally not exceed 60 words
each.

(v)

Questions No. 11 13 and 27 29 are also short-answer questions

carrying 4 marks each. Answers to them should normally not exceed
70 words each.

(vi)

Questions No. 14 16 and 30 32 are long-answer questions

carrying 6 marks each. Answers to them should normally not exceed
100 words each.

(vii)

Questions marked star (*) are value-based questions.

(viii) Answers should be brief and to the point and the above word limits
should be adhered to as far as possible.
58/3

IS> A
SECTION A
*1.

Cg Am{WH$ _y` H$m Zm_ ~VmBE Omo {H$ Xoe _| ggmYZm| _| d{ bmZo Ho$ `Zm| go m
hmo gH$Vr h &

Name the economic value achievable when attempts are made to

increase resources in the country.
2.

~mOma ny{V H$s n[a^mfm Xr{OE &

Define market supply.

3.

dVw H$s ny{V H$mo nyUV`m H$s_V ~obmoMXma H$~ H$hm OmVm h

When is supply of a good said to be perfectly price inelastic ?

4.

pWa bmJVm| Ho$ Xmo CXmhaU Xr{OE &

Give two examples of fixed costs.

5.

_mJ H$s n[a^mfm Xr{OE &

Define demand.

6.

EH$ dVw H$s ny{V KQ>Zo Ho$ {H$ht Xmo H$maUm| H$s `m`m H$s{OE &

AWdm
ny{V dH$ Ho$ XmB Amoa {IgH$Zo Ho$ {H$ht Xmo H$maUm| H$s `m`m H$s{OE &
Explain any two causes of decrease in supply of a commodity.
OR
Explain any two causes of a rightward shift of supply curve.
7.

H$go CnmXZ H$a| H$s g_`m `m| Cn hmoVr h ? `m`m H$s{OE &

Why does the problem of how to produce arise ? Explain.

8.

CnmXZ Ho$ `oH$ Va na AmgV n[adVu bmJV H$m n[aH$bZ H$s{OE

CnmXZ (BH$mB`m)
gr_mV bmJV (<)

58/3

24

20

16

12

18

30

P.T.O.

Calculate average variable cost at each level of output :

9.

Output (units)

Marginal cost (<)

24

20

16

12

18

30

{ZZ{b{IV AmH$S>m| go ny{V H$s H$s_V bmoM H$m n[aH$bZ H$s{OE

10

H$s_V {V BH$mB (<)

Hw$b gm{ (AmJ_) (<)

12

2000 2400

Calculate price elasticity of supply from the following data :

10

Price per unit (<)

Total Revenue (<)
10.

A Ama B nyaH$

dVwE h &

12

2000 2400
A H$s

H$s_V _| n[adVZ Ho$

B H$s

_mJ na ^md H$s `m`m

3

H$s{OE &
A and B are complementary goods. Explain the effects of change in price
of A on demand for B.
11.

~OQ> aoIm Ama ~OQ> {V~Y Ho$ g_rH$aUm| Ho$ ~rM AVa g_PmBE &

Explain the distinction between the equations of budget line and budget
constraint.
12.

EH$ dVw H$s _mJ H$s H$s_V bmoM () 1 h & < 10 {V BH$mB H$s_V na BgH$s _mJ
500 BH$mB h & {H$g H$s_V na BgH$s _mJ 20 {VeV ~T>oJr ?

The price elasticity of demand of a good is () 1. At a price of < 10 per

unit its demand is 500 units. At what price will its demand increase by
20 percent ?
13.

EH$m{YH$ma H$s n[a^mfm Xr{OE & EH$m{YH$ma H$s _w` {deofVmE ~VmBE &
Define monopoly. State the main features of monopoly.

58/3

14.

{ZZ{b{IV AmH$S>m| go CnmXZ H$m dh Va kmV H$s{OE {Og na CnmXH$ gVwbZ _| h &
AnZo Cma Ho$ {bE H$maU Xr{OE & (gr_mV bmJV Ama gr_mV AmJ_ {d{Y H$m `moJ
H$s{OE)
CnmXZ (BH$mB) Hw$b gm{ (AmJ_) (<)

Hw$b bmJV (<)

12

14

24

26

36

36

48

48

60

62

From the following data find out the level of output at which the
producer is in equilibrium. Give reasons for your answer. (Use marginal
cost, marginal revenue approach)

15.

Output (units)

Total Revenue (<)

Total Cost (<)

12

14

24

26

36

36

48

48

60

62
6

AZ{Y_mZ dH$m| H$s {deofVmAm| H$s `m`m H$s{OE &

AWdm
Cn`mo{JVm {dbofU Ho$ mam Cn^mo$m gVwbZ H$s eVm] H$s `m`m H$s{OE &
Explain the characteristics of indifference curves.
OR
Explain the conditions of consumers equilibrium using utility analysis.

16.

ny{V Am{Y` H$m AW g_PmBE & BgHo$ dVw H$s H$s_V, _mJ Ama ny{V na ^mdm| H$s
mIbm H$s `m`m H$s{OE & aoIm{M H$m `moJ H$s{OE &

Explain the meaning of excess supply. Explain its chain of effects on

price, demand and supply of the commodity. Use diagram.
58/3

P.T.O.

ZmoQ> :
Note :

{ZZ{b{IV Z Ho$db {>hrZ narjm{W`m| Ho$ {bE Z g`m 16 Ho$ WmZ na h &
The following question is for the Blind Candidates only in lieu of
Q. No. 16.

ny{V Am{Y` H$m AW g_PmBE & BgHo$ dVw H$s H$s_V, _mJ Ama ny{V na nS>Zo dmbo
^mdm| H$s mIbm H$s `m`m H$s{OE & Vm{bH$m H$m `moJ H$s{OE &

Explain the meaning of excess supply. Explain its chain of effects on

price, demand and supply of the commodity. Use a schedule.

IS> ~
SECTION B
17.

amOd `` Ho$ Xmo CXmhaU Xr{OE &

Give two examples of revenue expenditure.

18.

_y`mg H$m AW ~VmBE &

Give the meaning of depreciation.

19.

gm{d{YH$ VabVm (Mb{Z{Y) AZwnmV `m hmoVm h

What is statutory liquidity ratio ?

20.

gaH$mar ~OQ> H$s n[a^mfm Xr{OE &

Define a government budget.

21.

Xoer` CnmX H$s n[a^mfm Xr{OE &

Define domestic product.

22.

EH$ AW`dWm _| `m{eV `` `m{eV CnmXZ go A{YH$ h & AW`dWm _| hmoZo

dmbo g^r n[adVZm| H$s `m`m H$s{OE &

In an economy planned spending is greater than planned output.

Explain all the changes that will take place in the economy.
23.

^wJVmZ gVwbZ ImVo Ho$ `mnma gVwbZ Ama Mmby boIm gVwbZ _| ^oX H$s{OE &
Distinguish between Balance of trade and Balance on current account of
the Balance of Payments account.

58/3

24.

_wm Ho$ boIm H$s BH$mB H$m` H$s `m`m H$s{OE &

AWdm
~H$am| Ho$ ~H$ Ho$ $n _| Ho$r` ~H$ H$s ^y{_H$m H$s `m`m H$s{OE &
Explain the unit of account function of money.
OR
Explain the role of central bank as the Bankers Bank.
25.

Q>mH$ Ama dmh _| ^oX H$s{OE & BZH$m EH$-EH$ CXmhaU Xr{OE &

Distinguish between stocks and flows. Give an example of each.

26.

AmgV Cn^moJ d{m H$m AW g_PmBE & BgH$m Ama AmgV ~MV d{m H$m `m g~Y
h ?

Explain the meaning of average propensity to consume. What is its

relation with average propensity to save ?
27.

{ZZ{b{IV AmH$S>m| go H$maH$ bmJV na {Zdb _y` gd{ H$m n[aH$bZ H$s{OE

(< bmIm| _|)

(i)

{~H$s

400

(ii)

Q>mH$ _| n[adVZ

(iii)

_`dVu Cn^moJ

(iv)

{Zdb A`j H$a

40

(v)

{Z`mV

50

(vi)

_y`mg

30

() 20
200

AWdm
`m gH$b Kaoby CnmX bmoJm| Ho$ Am{WH$ H$`mU H$m ghr gyMH$ h
g_WZ _| Xmo H$maU Xr{OE &
58/3

AnZo Cma Ho$

P.T.O.

From the following data calculate Net value added at factor cost :
(< in Lakhs)
(i)

Sales

400

(ii)

Change in stock

(iii)

Intermediate consumption

(iv)

Net indirect taxes

40

(v)

Exports

50

(vi)

Depreciation

30

() 20
200

OR
Is gross domestic product a true index of economic welfare of the
people ? Give two reasons in support of your answer.
28.

Ho$r` ~H$ AW`dWm _| gmI {Z_mU H$mo ~H$ Xa mam H$go {Z`{V H$aVm h
g_PmBE &

?
4

How does the central bank control credit creation in the economy
through Bank Rate ? Explain.
*29.

gaH$ma gmoZo Ho$ dm`m Am`mV H$mo H$_ H$aZo hoVw Cnm` H$aVr h & BgHo$ nrN>o `m Am{WH$
_y` m H$aZo H$s BN>m hmo gH$Vr h ? g_PmBE &

Government takes measures to restrict autonomous imports of gold.

Explain the economic values desired to be achieved from this.
30.

{ZZ{b{IV _| ^oX H$s{OE :

(A) `j H$a Ama A`j H$a
(~) mW{_H$ KmQ>m Ama amOd KmQ>m

Distinguish between :

58/3

(a)

Direct tax and Indirect tax

(b)

Primary deficit and Revenue deficit

31.

(A) dm`m Cn^moJ Ama o[aV Cn^moJ Ho$ ~rM AVa g_PmBE &
(~)

32.

EH$ AW`dWm Ho$ ~mao _| {XE JE {ZZ{b{IV AmH$S>m| go CgHo$ Am` Ho$ gVwbZ
Va H$m n[aH$bZ H$s{OE :
(i)
dm`m Cn^moJ
= 400
(ii) gr_mV Cn^moJ d{m
= 0.5
(iii) {Zdoe
= 4000

(a)

Distinguish between autonomous consumption and induced

consumption.

(b)

From the following data about an economy, calculate its

equilibrium level of income :
(i)

Autonomous consumption

400

(ii)

Marginal propensity to consume

0 .5

(iii)

Investment

4000

am>r` Am` H$m n[aH$bZ H$s{OE

(< H$amoS>m| _|)

(i)

eof {dd go {Zdb Mmby hVmVaU

30

(ii)

{ZOr ApV_ Cn^moJ ``

400

(iii)

{Zdb Xoer` nyOr {Z_mU

100

(iv)

Q>mH$ _| n[adVZ

50

(v)

_y`mg

20

(vi)

gaH$mar ApV_ Cn^moJ ``

(vii)

{Zdb {Z`mV

40

(viii)

{Zdb A`j H$a

80

(ix)

{dXoem| H$mo {Zdb H$maH$ Am` H$m ^wJVmZ

10

200

AWdm
58/3

P.T.O.

{ZZ{b{IV AmH$S>m| go d`{$H$ `mo` Am` H$m n[aH$bZ H$s{OE

(< H$amoS>m| _|)

(i)

{ZOr jo H$mo H$maH$ bmJV na {Zdb

Xoer` CnmX go A{OV Am`

800

(ii)

am>r` G$U na `mO

50

(iii)

gaH$ma go Mmby hVmVaU

70

(iv)

{ZOr H$nZr joH$ H$s ~MV

(v)

{ZJ_ H$a

40

(vi)

n[admam| mam {XE JE `j H$a

30

(vii)

_y`mg

60

(viii)

{dXoem| go {Zdb H$maH$ Am`

20

(ix)

{dXoem| H$mo {Zdb Mmby hVmVaU

200

() 10

Calculate national income :

(< in Crores)
(i)

Net current transfer from rest of the world

(ii)

Private final consumption expenditure

400

(iii)

Net domestic capital formation

100

(iv)

Change in stock

50

(v)

Depreciation

20

(vi)

Government final consumption expenditure

(vii)

Net exports

40

(viii) Net indirect taxes

80

(ix)

10

Net factor income paid to abroad

OR

58/3

10

30

200

From the following data calculate personal disposable income :

(< in Crores)
(i)

Net domestic product at factor cost

accruing to private sector

(ii)

National Debt interest

50

(iii)

Current transfers from government

70

(iv)

Savings of private corporate sector

200

(v)

Corporation tax

40

(vi)

Direct taxes paid by households

30

(vii)

Depreciation

60

(viii) Net factor income from abroad

(ix)

58/3

800

Net current transfers to abroad

11

20
() 10

P.T.O.