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S.No. Name Designation

1.

Mrs. Neelam Vinayak

(Team Leader)

V. Principal

G.G.S.S. Deputy Ganj

Sadar Bazar Delhi-110006

2. Dr. Haresh Pandey Lecturer (Economics)

Rajkiya Pratibha Vikas Vidyalaya

Kishan Ganj Delhi-110007

3. Mr. Subedar Yadav Lecturer(Economics)

GBSSS BL-Block

Shalimar Bagh, Delhi-110088

4. Mr. Saket Kumar Lecturer(Economics)

R.P.V.V. Sector-11 Rohini

Delhi-110085

5. Mr. Ajay Kumar Lecturer(Economics)

R.P.V.V. Nand Nagri

Delhi

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(30)

2015-16, 100 3

(A)

6 11 1

16 34 2

16 34 3

12 31

4

50 110

15 32 5

8 18 6

12 27 7

8 17 8

7 16 9

50 110

3-5

1 Economics-XII

(E)

30% .1

50% .2

20% .3

(F)

3-5

2Economics-XII

6 .1

12 .2

25 .3

40 .4

52 .5

76 .6

80 .7

91 .8

98 .9

.10

.11

.12

2015 .13

3 Economics-XII

1 -

(a)

(b)

1

2

3

(PPC)

4Economics-XII

(a)

MRT (b)

PPC

PPC

(MRT)

(MRT)

1

(b) (a)

(d) (c)

2

(b) (a)

(d) (c)

5 Economics-XII

3

(b) (a)

(d) (c)

4

(b) (a)

(d) (c)

5

(b) (a)

(d) (c)

PPC 6

(b) (a)

(d) (c)

7

0 100

25 90

0.4 (b) 1 (a)

0.25 (d) 10 (c)

8

-x (b) (a)

(d) (c)

6Economics-XII

3-4

1

2

3

4

5

6

7

H.O.T.S

8

9

(a)

(b)

(c)

10

11

7 Economics-XII

MOC 12

0 100 A

1 95 B

2 85 C

3 70 D

4 50 E

5 25 F

13

'B' 'A'

0 20 A

1 18 B

2 14 C

3 8 D

4 0 E

30000 40,000 1

PPC 2

8Economics-XII

3

4

MCQ

(d) 3 (d) 2 (a) 1

(a) 6 (b) 5 (d) 4

(a) 8 (b) 7

3

MOC 13

— A

5 B

10 C

15 D

20 E

25 F

9 Economics-XII

2 -

—

(satisfaction) —

—

—

—

—

—

—

x (MRS)

y

—(Indifference Curve)

10Economics-XII

1

2

3

4

(a)

'Utils' (i)

MUx = PxMUm = 1

MUm x MUX

x PX

(ii)

(iii)

(b)

(i)

(ii)

x

Y

(iii)

11 Economics-XII

—

—

—

—

—

(a)

(b)

(c)

(d)

(e)

12Economics-XII

1 1

2 2

3 3

4 4

5 5

—

—

ed > 1 –1-

ed = 1 –2- ed < 1 –3-

13 Economics-XII

=

= P = P

= Q = Q

= P

= Q

= P

= Q

= ED

ED =

14Economics-XII

(b) (a)

(d) (c)

(f) (e)

(g)

1

(b) (a)

(d) (c)

15 Economics-XII

(Utility Analysis) 2

(b) (a)

(d) (c)

3

TU (b) TU (a)

TU (d) TU (c)

4

(b) (a)

(d) (c)

5

(b) (a)

(d) (c)

6

(b) (a)

(d) (c)

7

(b) (a)

(d) (c)

16Economics-XII

8

y x (b) y x (a)

y x (d) x (c)

3-4

1

2

3

4

X (a)

X (b)

X (c)

5

6

7

X 8

9

10

(i)

17 Economics-XII

(ii)

(iii)

11

12

(i)

Y (ii)

X (iii)

13

14

(i)

(ii)

15

(a)

(b)

(c)

16

17

18

19

(a)

(b)

18Economics-XII

6 12 7 20

72

10 9 9 10 21

24 20 5 22

120

Y 20% X Y X 23

Y X 40%

H.O.T.S.

100 20% X Y X 24

8% Y 250

25

26

(ii) (i)

(iv) ? = MU (iii)

19 Economics-XII

27

(a)

(b)

28

Y X 29

30

31

32

33

6

1

2

3

4

5

6

(a)

(b)

20Economics-XII

7

H.O.T.S.

8

(a)

(b)

9

(a)

(b)

(c)

10

11

(i)

(ii)

(iii)

1

2

21 Economics-XII

MCQ

(b) 3 (a) 2 (c) 1

(b) 6 (c) 5 (a) 4

(a) 8 (b) 7

22Economics-XII

3 -

—

AP =

L

1

2

3

4

AP MP > AP 5

AP MP = AP 6

AP MP < AP 7

23 Economics-XII

'U' MP AP 8

—

— (A)

— (B)

— (C)

—

(TC) (AC) (MC)

24Economics-XII

TC = TFC + TVC

X

TFC = TC – TVC

TFC = AFC Q

TVC = TC – TFC

TVC = AVC Q

AC = AFC + AVC

AFC = AC – AVC

AVC = AC – AFC

MC = TVCn – TVC(n – 1)

25 Economics-XII

TCTVC -xTFC

AVC MC < AVC

AVC MC =AVC

AVC MC > AVC

AC MC < AC

AC AC = MC

AC MC > AC

AR MR AR MR > AR

AR MR = AR

AR MR < AR

–

X (i)

AR = MR

26Economics-XII

(ii)

TR MRAR

AR > MR MR MR AR (i)

AR MR (ii)

MR

TR (iii)

TR MR MR TR (iv)

TR MR

(A)

MC = MR MC MR (a)

(b)

—

—

—

27 Economics-XII

—

—

—

—

—

—

—

—

—

—

—

—

= ES

1

28Economics-XII

= ES

-x 2

X (i

X (ii

(iii

29 Economics-XII

(i (i

(ii (ii

(iii (iii

(iv (iv

1

(b) (a)

(d) (c)

2

(b) (a)

(d) (c)

3

Es = 1 (b) Es > 1 (a)

Es = 0 (d) Es < 1 (c)

4

(b) (a)

(d) (c)

30Economics-XII

5

(b) (a)

(d) (c)

-x 6

TVC (b) AFC (a)

TC (d) TFC (c)

-y 7

(b) Es = 0 (a)

(d) Es = 1 (c)

8

AR < MR (b) AR > MR (a)

(d) AR = MR (c)

9

MP (b) MP (a)

MP (d) MP (c)

10

AP = MP (b) AP > MP (a)

(d) AP < MP (c)

3-4

1

2

3

31 Economics-XII

4

5

6

'U' 7

8

9

(A)

(B)

(C)

10

11

12

13

8 7 6 5 4 3 2 1 0

32 34 34 32 28 22 14 4 0

14

MC TC AVC (Rs.) (Rs.) (Rs.)

20 60 ___ 1___ ___ 18 2

18 ___ ___ 3___ 120 20 4___ ___ 22 5

32Economics-XII

20 3 15

3 2 1

32 28 30 (Rs.)

16

TR MR

(Rs.) (Rs.) (Rs.) 10 ___ ___ 1

___ 4 ___ 2

15 ___ ___ 3

___ ()3 ___ 4

16

17

18

19

20

21

(a)

(b)

400 20% X Y X 22

8% Y 500

33 Economics-XII

H.O.T.S

1

2

3

4

(A)

MRAR (B)

5

(A)

(B)

6

(A)

AVC AC (B)

7

8

9

(a)

(b)

10

6

1

34Economics-XII

2

3

(A)

(B)

MC = AC (C)

4

(A)

(B)

(C)

5

(a)

(b)

(c)

1

2

MCQ(b) 3 (c) 2 (b) 1

35 Economics-XII

(c) 6 (b) 5 (a) 4

(d) 9 (d) 8 (a) 7

(b) 10

3-4

12

___ 0 04 4 1

10 14 2

8 22 36 28 44 32 52 34 60 34 7

2 32 8

14

TFC(Rs.)

TVC(Rs.)

MC(Rs.)

TC(Rs.)

AVC(Rs.)

4040404040

20365480

110

2016182630

607694

120150

2018182022

12345

15

MC

(Rs.)

ATC

(Rs.)

TC

(Rs.)

TFC

(Rs.)

AFC

(Rs.)

TVC

(Rs.)

AVC

(Rs.)

302640

905852

90116156

606060

603020

305696

302832

123

36Economics-XII

X 22 X ______________________

X

Y12.5% ______________________

Y

Y ______________________

8%

Y

37 Economics-XII

4-

OX

38Economics-XII

(a)

(b)

(c)

(d)

(Monopoly Market)

(a

(b

(c

(d

(e

MR AR

(Ed < 1) AR

AR = 2MR

39 Economics-XII

(Monopoly Competition)

MR AR

(Ed > 1) AR

AR = 2MR

(Oligopoly)

40Economics-XII

1

2

Ed = 0

Ed < 1

Ed > 1

41 Economics-XII

XMRAR

MRAR

(Homogenous)

(Hetrogenous)

42Economics-XII

AR = MR 1

(b) (a)

(d) (c)

2

(b) (a)

(d) (c)

3

(b) (a)

(d) (c)

4

(b) (a)

(d) (c)

5

(b) (a)

(d) (c)

6

(b) (a)

(d) (c)

43 Economics-XII

(Equilibrium Price) 7

(b) (a)

(d) (b) (a) (c)

(Excess Demand) 8

(b) (a)

(d) (c)

Ceiling 9

(a)

(b)

(c)

(d)

Fixation 10

(b) (a)

(b) (a) (d) (b) (a) (c)

3-4

1

2

3

4

5

44Economics-XII

6

7

8

9

10

11

H.O.T.S.

MA < AR MR = AR 12

13

14

15

16

6 1

2

(i)

(ii)

3

4

45 Economics-XII

5

6

7

8

9

(i)

(ii)

1

2

MCQ

(a) 3 (c) 2 (b) 1

(c) 6 (c) 5 (d) 4

(d) 9 (a) 8 (d) 7

(c) 10

46Economics-XII

H.O.T.S.

MR AR 1

3-4

13

6

6

47 Economics-XII

(i)

(ii)

OX OY

OX OY

1

2

3

4

5

48Economics-XII

1

2

3

4

5

6

49 Economics-XII

5-

= –

50Economics-XII

(i)

(ii)

(iii)

(iv)

GDPMP

GDPMP

NDPMP

NDPMP = GDPMP –

(NDPFC)

51 Economics-XII

(GNPMP )

GNPMP (NNPMP)

NNPMP = GNPMP –

(NNPFC)

NNPFC = NDPFC + NFIA =

(a)

(b)

(NNPMP) (NDI)

NDI = NNPMP +

= + + (Gross NDI)

= GNPMP + 52Economics-XII

(Net NDI)

= NNPMP + NDI –

GNPMP +

=

+

+

NDPFC =

NFIA +

GDPMP +

(GDPMP) =

+

+

GDPMP =

–

=

–

=

+

(GDPMP) =

+

+

+

=

–

=

–

=

+

53 Economics-XII

.3 .2 .1

– :NIT

:MP

:FC

Dep

:NP

:DP

:NFIA

—

(i)

(ii)

(iii)

54Economics-XII

55 Economics-XII

(+)

(+)

(–)

(–)

(+)

(+)

(–)

(+)

(–)

(+)

(–)

(+)

(–)

(–)

(–)

(+)

(–)

(+)

(–)

(–

)

(+)

(+

)

(–)

(GNDI)

GNDI = GNPMP +

(NNDI)

NNDI = NNPMP +

NDI – = GNPMP + –

56Economics-XII

57 Economics-XII

(PDI) +

+

+

+

+

–

–

–

–

NDPFC

–

–

–

NFIA +

NNPFC

58Economics-XII

(PDI) +

NNPFC

NDPFC

+

+

+

+

–

–

–

–

–

–

–

NFIA +

GDP

GDP

GDP —GDP

—GDP

GDP GDP

GDP GDP

GDP

—

GDP —

GDP

GDP

GDP

59 Economics-XII

1

(a)

(b)

(c)

(d)

2

Inventory (b) (a)

(d) GDPmp (c)

3

(b) (a)

(d) (c)

4

NFIA GDPmp GNPmp (a)

NFIA GDPmp GNPmp (b)

FITA FIFA GDPmp GNPmp (c)

NFIA GDPmp GNPmp (d)

Transfer 5

(b) (a)

(d) (c)

6

(b) (a)

(d) (c)

60Economics-XII

NFIA 7

(a)

(b)

(c)

(d)

8

Inventory (b) (a)

(d) (c)

Leakage 9

(b) (a)

(b) (a) (d) (c)

10

(b) (a)

(d) (b) (a) (c)

3 1

2

3

4

5

6

7

61 Economics-XII

(ii) (i)

(iv) (iii)

(vi) (v)

8

9

10

(i)

(ii)

11

12

W.H.O (i)

(ii)

13

(i)

(ii)

H.O.T.S.

14

15

(a)

(b)

62Economics-XII

16

NFIA 17

18

6

1

(a)

(b)

(c)

2

(a)

(b)

(c)

3

4

5

(a)

(b)

(c)

6

63 Economics-XII

7

8

(a)

(b)

(c)

9

10 (i)

150 (ii)

25 (iii)

50 (iv)

05 (v)

10

(i)

(ii)

(iii)

11

(i)

(ii)

(iii)

64Economics-XII

12

(i)

(ii)

(iii)

GVAMP 1

100 Y X (i)

150 X Y (ii)

200 X (iii)

300 Y (iv)

30 Y (v)

(–)20 X (vi)

10 Y (vii)

NVAFC 2

40 (i)

800 (ii)

30 (iii)

100 (iv)

65 Economics-XII

20 (v)

50 (vi)

500 (vii)

200 (viii)

60 (ix)

300 2000 100 3

200 1500

NNPFC (b) NDPFC (a) 4

250 (i)

–50 (ii)

900 (iii)

(iv)

900 (a

800 (b

400 (c

(v)

400 (a

300 (b

100 (c

80 (vi)

66Economics-XII

100 (vii)

100 (viii)

10 (ix)

–20 (x)

FITA = 90 Crore (b) GDPFC = 2600 Crore (a)

(b) (NNPFC) (a) 5

10 (i)

60 (ii)

90 (iii)

80 (iv)

70 (v)

100 (vi)

40 (vii)

30 (viii)

50 (ix)

10 (x)

1100 (xi)

— (xii)

1470 = GNDI (b)NNPFC = 1320 (a)

(b) (GDPMP) (a) 6

500 (i)

67 Economics-XII

40 (ii)

1500 (iii)

2500 (iv)

90 (v)

300 (vi)

400 (vii)

120 (viii)

250 (ix)

650 (x)

700 (xi)

50 (xii)

FIFA = 120 GDPMP = 3050

(b) (GDPMP) (a) 7

300 (i)

100 (ii)

50 (iii)

110 X (iv)

70 Y (v)

30 (vi)

60 (vii)

68Economics-XII

(b) (a) 8

212 (i)

2500 (ii)

180 (iii)

500 (iv)

80 (v)

23 (vi)

100 (vii)

20 (viii)

70 (ix)

30 (x)

(b) (a) 9

300 (i)

750 (ii)

150 (iii)

120 (iv)

200 (v)

220 (vi)

(–) 20 (vii)

69 Economics-XII

700 (viii)

50 (ix)

150 (x)

20 (xi)

950 (a)

915 (b)

10

100 (i)

110 (ii)

120 (iii)

800 (iv)

70 (v)

75 (vi)

600 (vii)

20 (viii)

200 (ix)

25 (x)

80 (xi)

30 (xii)

50 (xiii)

130 (xiv)

70Economics-XII

(c) (b) (a) 11

100 (i)

80 (ii)

500 (iii)

30 (iv)

65 (v)

20 (vi)

10 (vii)

20 (viii)

5 (ix)

150 (x)

15 (xi)

405 (c) 425 (b) 520 (a)

status 1

2

MCQ

(d) 3 (d) 2 (a) 1

(b) 6 (d) 5 (d) 4

71 Economics-XII

(b) 9 (b) 8 (d) 7

(b) 10

6 X = + – 1

= 200 + (–20) – 100

= Rs. 80 Lakh

Y = + – = 300 +10 – 150

= Rs. 160 Lakh

GVAMP = X + Y = 800 +160

= Rs.240 Lakh

NVAFC = + – – – 2

= 800 + (–50) –500 –30 + 40

= Rs. 280 Lakh

=200 100 = 20000 3

= 2000 + 3000 + 1500 = 6500

= – = 20000 – 6500

= Rs. 13500

NAPFC 4

(a) = (iii) + (viii) + (i) + (ii) – (iv) – (vii) – (ix)

= 900 + 100 + 250 + (–50) – 80 – 90

= Rs. 1110 Crore

72Economics-XII

(b) = (iv) – (v) – (vi) – (vii) + (ix) + (x)

= 2100 – 800 – 80 – 100 + 10 + (–20)

= 2100 – 990

= Rs. 1110 Crore

(NNPFC) 5

(xi) + (vi) + (vii) + (x) – (viii) – (ix) + (i) + (ii) + (iv) =

1100 + 100 + 40 + 10 – 30 – 50 + 10 + 60 + 80 =

1320 =

(GNDI) NNPFC + (iii) + (v) – (i) =

1320 + 90 + 70 – 10 =

1470 =

GDPMP (a) 6

NDPFC = (ii) + (v) + (vi) + (vii)

= 1500 + 500 + 300 + 400

= 2700

GDPMP = NDPFC + CFC + NIT

CFC = (GFCF + S) – 650

= (700 + 50) – 650

= 100

NIT = 250

GDPMP = 2700 + 100 + 250

= 3050

(FIFA) (b)

GNPFC = GDPMP + NFiA – NIT

73 Economics-XII

280 = 3050 + NFIA – 250

NFIA = 0

NFIA = FIFA – FIPA

0 = FIFA – 120

FIFA = 120 Crore

(GDPMP) 7

(GVAMP) = 300 + 100 + 50 + 60 – 110 – 70 – 30

= 300 Cr

NDPFC = (iii) + (iv) + (v) + (vi)

= 3000 + 800 + 900 + 1300 = 6000

GDPMP = NDPFC + CFC + NIT

CFC = GDCF – NDCF

= (GFCF + S) – NDCF

= (850 + 50) – 800

= 100

NIT = 300

GDPMP = 6000 + 100 + 300 = 6400 Crore

FIFA

GNPFC = GDPMP + NFIA – NIT

6150 = 6400 + NFIA – 300

NFIA = 50

NFIA = FIFA – FIP

50 = FIFA – 80

FIFA = Rs. 130 Crore

74Economics-XII

(ii) + (iii) + (viii) = (NNDT) 8

2500 + 180 + 20 =

2700 =

(ii) – (iv) + (vii) + (viii) + (x) – (ix) – (v) =

2500 – 500 + 100 + 20 + 30 – 70 – 80 =

2000 =

9

(ii) + (x) + (vi) + (vii) – (ix) + (xi) + (iv) = 750 + 150 + 220 + (–20) – 50 + 20 – 120 =

950 =

(i) + (v) + (viii) – (iii) – (iv) + (xi) =

300 + 200 + 700 – 150 – 120 + 20 =

950 =

NNPFC 10

= 100 + 55 + 200 + 25 + 20 + 130 + (–(30)

= 1000 Cr

NNPFC = 800 + 1000 + 120 + 70 – 10 – 50 + (–30)

= 1000 Cr

520 – (i) 11

425 – (ii)

405 – (iii)

75 Economics-XII

6-

(Double Coincidence) 1

2

3

4

5

76Economics-XII

LRR

K

2 1

4 3

Repo Rate

Reverse Repo Rate

1

(b) (a)

(d) (c)

77 Economics-XII

2

(b) (a)

(d) (b) (a) (c)

instrument RBI 3

(b) (CRR) (a)

(d) (c)

legal tendor money 4

(b) (a)

(d) (c)

RBI 5

(b) (a)

SLR (d) CRR (c)

3-4

1

2

3

4

Reserve Repo Rate Repo Rate 5

CRR SLR CRR SLR 6

7

78Economics-XII

8

9

H.O.T.S.

10

11

12

13

6 1

2

3

4

MCQ

(c) 3 (c) 2 (d) 1

(b) 5 (c) 4

79 Economics-XII

7-

(AD)

(C) (i)

(F) (ii)

(G) (iii)

(X-M) (iv)

AD = C + I

AS = C + S

AS = Y

C = F(Y) (C) (Y)

= C

= Y

= F

APC (i)

MPC (ii)

80Economics-XII

APC

APC > 1 APC (i)

APC = 1 (ii)

APC < 1 (iii)

APC (iv)

APC (v)

(MPC)

MPC

1 MPC 1

MPC = 1 C = Y

MPC = 0.1 C = 0

MPC 2

APS APS 3

APS 4

S = f (Y)

= f = Y = S —

81 Economics-XII

S = S + MPS(Y)

= S

MPS APS

(APS)

APS 1

S = 0 C = Y APS 2

APS APS 3

(Dissaving)

APS 4

(MPS)

MPS

S = Y MPS = 1 1

S = 0 MPS = 0 2

(APC)

APC + APS = 1

Y = C + S

82Economics-XII

Y

1 = APC + APS

APS APC APS = 1 – APCAPC = 1– APS

(MPS)

MPS 1 MPC MPC + MPS = 1

1

Y = C + S

Y = C + S

Y

1 = MPC + MPS

MPC = 1 – MPS

MPS = 1 – MPC

1 MPS MPC

1

2

1

83 Economics-XII

2

AD = ASS = I

AS AD

84Economics-XII

AS (AD)

(AD)

—

—

— — —

— —

—

— —

—

1

(b) (a)

(d) (c)

85 Economics-XII

2

(APS) (b) (APC) (a)

(MPS) (d) (MPC) (c)

3

(b) (a)

(d) (c)

MPC 4

MPS (b) APC (a)

(d) APS (c)

Monetary Policy 5

(b) (a)

(d) SLR (c)

6

(b) (a)

(d) SLR (c)

7

(b) (a)

(d) (c)

0.75 MPC 8

K = 5 (b) K = 4 (a)

K = 3 (d) K = 2 (c)

86Economics-XII

(Break even point) 9

C = Y (b) APC = 1 (a)

(d) O = (c)

10

(b) (a)

(d) (c)

3-4 1

2

3

4

5

6

7

8

9

0 1 (i)

(ii)

10

(i)

1 (ii)

87 Economics-XII

(ii) (i) 11

12

13

14

MPS 15

16

(MPS) (MPC) 17

125 0.8 18

S = – 40 + 0.25y 60 19

20

21

AD > AS 22

H.O.T.S

1500 2000 1

750 1000 2

K (K) MPS = MPC 3

MPS 0.9 APS 4

88Economics-XII

5

APS MPC — 90 — 0

— — 0.6 100

— — 0.6 200

— — 0.6 300

MPC APS 6

400 300 200 100 0 000

360 280 200 120 40 000

6 1

2

3

4

reverse 5

6

7

8

89 Economics-XII

= Y = S S = –50 + 0.5 Y 9

700

(i)

(ii)

800 = Y = C C = 100 + 0.75 Y 10

(i)

(ii)

11

C = 100 + 0.5 Y

APC

6H.O.T.S.

12

1 13

14

15

16

90Economics-XII

MPC = 0.8 17

AS

(C+S)

AD

(C+1)

(I)

(S)

(c)

(y)

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

40

40

40

40

40

40

40

40

–60

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

0

100

200

300

400

500

600

700

1 Inflation is unjust but deflation is inexpedient but out of those two deflation is

worst. Do you agree? Give reasons.

MCQ

(c) 3 (b) 2 (b) 1

(b) 6 (d) 5 (b) 4

(c) 9 (d) 8 (a) 7

(c) 10

91 Economics-XII

(HOTS) 3/4

1

2

K = 2 3

1 K

MPS = 1 – MPC = 1 – 0.9 = 0.1 4

5

MPC APS

00 00

0.8 — 40 0

0.8 – 0.2 120 100

0.8 0.0 200 200

0.8 0.067 280 300

0.8 0.1 360 400

92Economics-XII

6

APS MPC

— –90 — 0

– 0.5 150 0.6 100

– 0.05 210 0.6 200

– 0.1 270 0.6 300

93 Economics-XII

8-

31

—

—

1

2

3

4

5

(a)

(b)

94Economics-XII

Disinvestment)

1

2

1

2

95 Economics-XII

1

2

1

2

– =

1

2

3

> =

1

2

3

– =

=

96Economics-XII

1

2

3

> =

=

1

(b) (a)

(d) (Monetary) (c)

2

(b) (a)

(d) (c)

70 Liabilities (Borrowings) 3

30 (b) (a)

70 (d) (c)

4

(b) (a)

(d) (c)

97 Economics-XII

75000 (Borrowings) 50,000 5

75000 (b) 50,000 (a)

125000 (d) 25000 (c)

Liabilities (Borrowings) 6

(b) (a)

(d) (c)

7

(PF) (b) (a)

(d) (c)

8

(b) (a)

(d) (c)

9

(b) (a)

(d) (c)

3-4 1

2

3

98Economics-XII

4

5

6

7

8

9

10

3-4H.O.T.S.

11

12

13

14

(i)

(ii)

(iii)

(iv)

(c) (b) (a) 15

120 (i)

100 (ii)

99 Economics-XII

80 (iii)

70 (iv)

140 (v)

30 (vi)

16

(i)

(ii)

17

6 18

(a)

(b)

(c)

ONGC (d)

NSC (e)

2014-15 (f)

19

(i)

(ii)

(iii)

100Economics-XII

(iv)

(v)

(vi)

1

2

3

MCQ

(d) 3 (c) 2 (a) 1

(d) 6 (b) 5 (a) 4

(c) 8 (d) 7

3-4

(i) 15

(ii)

(iii)

(iv)

101 Economics-XII

6

(a) 18

(b)

(c)

(d)

(e)

(f)

(i) 19

(ii)

(iii)

(iv)

(v)

(vi)

102Economics-XII

9-

(Current A/c) (Capital A/c)

1

2

3

1

2

3

4

5

103 Economics-XII

1 1

2 2

3

1

2

3

4

104Economics-XII

5

(i)

(ii)

(iii)

(iv)

(v)

(i)

(ii)

(iii)

(iv)

(i)

(ii)

(iii)

105 Economics-XII

—

—

1

(b) (a)

(d) (c)

2

(b) (a)

(d) (c)

106Economics-XII

3

(b) (a)

(d) (c)

4

(b) (a)

(d) (c)

(Devaluation) 5

(b) (a)

(d) (c)

(Foreign exchange) 6

(b) (a)

(d) (c)

7

(b) (a)

(d) (c)

8

(b) (a)

(d) (c)

9

(b) (a)

(d) (c)

107 Economics-XII

3-4 1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

108Economics-XII

6

1

2

3

4

(Shares) TISCO (a)

(b)

(c)

(d)

(e)

(f)

1

2

3

109 Economics-XII

MCQ

(d) 3 (a) 2 (c) 1

(d) 6 (a) 5 (d) 4

(c) 9 (c) 8 (a) 7

110Economics-XII

1

100 3

1 1916 41 (i)

60 3 2120 105 (ii)

70 4 2522 11 (iii)

100 6 2926 1512 (iv)

(v)

1

(b) (a)

(d) (b) (a) (c)

2

111 Economics-XII

S2 (b) S1 (a)

(d) S3 (c)

3

(b) (a)

(d) (c)

4

(b) (a)

(d) (c)

5

6

7

AVC ATC 8

9

7 1.25 10 5 10

11

12

(Commodity) 13

(ii) (i)

112Economics-XII

MPP TPP 14

15

(RBI) 16

(b) (a)

(d) (c)

17

(b) (a)

(d) (c)

MPC = MPS 18

K = 05 (b) K = 4 (a)

K = 3/4 (d) K = 2 (c)

19

(b) (a)

(d) (c)

20

21

22

113 Economics-XII

23

24

25

26

(i)

(ii)

60 C = 1100 + 0.94 27

(i)

(ii)

28

(i)

(ii)

29

1100 (i)

120 (ii)

5 (iii)

90 (iv)

30 (v)

80 (vi)

20 (vii)

114Economics-XII

50 (viii)

100 (ix)

70 (x)

40 (xi)

GNPMP

1100 (i)

120 (ii)

750 (iii)

250 (iv)

800 (v)

40 (vi)

20 (vii)

60 (viii)

10 (ix)

115 Economics-XII

2

100 3

1 1916 41 (i)

60 3 2120 105 (ii)

70 4 2522 11 (iii)

100 6 2926 1512 (iv)

(v)

1

(b) (a)

(Ordinal preferences) (d) (Cardinal preferences) (c)

2

MP > AP (b) MP (a)

MP < AP (d) MP AP > MP (c)

3

(b) (a)

(d) (c)

116Economics-XII

(PC) (O) (MC) (M) 4

M, MC, PC, O (b) PC, MC, M, O (a)

M, O, MC, PC (d) MC, O, PC, M (c)

5

6

(i)

(ii)

7

8

MR

TR

—

2

—

–2

6

—

6

—

1

—

3

—

—

4

—

1

(Veriable cost) (Fixed cost) 9

(i)

(ii)

(iii)

(iv)

117 Economics-XII

(v)

(vi)

200 400 10% 10

1 11

(ii) (i)

12

13

(i)

(ii)

(iii)

MC MR 14

15

(i)

(ii)

16

(a)

(b)

(c)

(d)

118Economics-XII

17

(b) (a)

(d) (c)

AS AD 18

(b) (a)

(d) (c)

AS AD 19

AD AS (b) AD = AS (a)

AD < AS (d) AD > AS (c)

20

21

(i)

(ii)

22

23

24

(Investment multiplier) 25

119 Economics-XII

(C) = 600 + 0.75 26

(APC)

27

GNDI(ii) (i) 28

5 (i)

200 (ii)

20 (iii)

40 (iv)

10 (v)

50 (vi)

–10 (vii)

–20 (viii)

30 (ix)

60 (x)

29

(i)

(ii)

(iii)

(iv)

120Economics-XII

100 3

1 1916 41 (i)

60 3 2120 105 (ii)

70 4 2522 11 (iii)

100 6 2926 1512 (iv)

(v)

Y X 1

(a)

(b)

(c)

Y (d)

2

(b) (a)

(d) (c)

121 Economics-XII

U 3

AFC (b) AVC (a)

MC (d) AC (c)

AC MC 4

AC (b) AC (a)

AC (d) AC (c)

10 (–1) 18 9 5

6

7

AVC MC 8

9

10

11

(a) 12

(b)

13

122Economics-XII

14

10

18

8

16

1

2

23

31

41

24

32

40

3

4

5

15

16

(b) (a)

(d) (c)

17

(b) (a)

(d) (c)

18

NDPFC (b) GDPMP (a)

NNPMP (d) NNPFC (c)

K MPC = MPS 19

0 (b) 2 (a)

1 (d) (c)

123 Economics-XII

GDP GDP 20

21

22

23

24

25

26

27

28

MPC APC

—

0.6

—

—

—

—

0.8

—

–40

–20

0

30

50

0

50

100

150

200

‘NNPFC’ 29

60 (i)

600 (ii)

20 (iii)

124Economics-XII

200 (iv)

70 (v)

300 (vi)

400 NDPFC (vii)

100 (viii)

50 (ix)

300 (x)

125 Economics-XII

HINTS(c) 1

(c) 2

(b) 3

(b) 4

16 5

4 14

(c) 16

(d) 17

(a) 18

(a) 19

APC MPC 28

— —

1.4 0.6

1 0.6

.8 0.4

.75 0.6

NNPFC = (ii + viii) + (iv) + (vi) + (x) – (ix) 29

1450

= NNPFC – (vii) + (i) + (v) – (iii)

1160

126Economics-XII

100 3

(i)

1 2016 51 (ii)

60 3 2321 86 (iii)

70 4 2411 9 (iv)

100 6 3027 1512 (v)

(vi)

(vi)

1

Y (b) X (a)

(d) (c)

Y X 2

(b) (a)

(d) (c)

127 Economics-XII

MP AP 3

TP (b) AP (a)

(d) (c)

U 4

(AFC) (b) (AVC) (a)

(MC) (d) (AC) (c)

5

(b) (a)

(d) (c)

6

7

8

(PPC) 9

25% 4 500 10

500 11

128Economics-XII

(Producer equilibrium) 12

(Law of variable propertion) 13

14

15

16

+ + (b) (a)

+ + + (d) + (c)

17

(b) (a)

(d) (c)

18

CRR (b) (a)

(d) (c)

19

(b) (a)

(c) (a) (d) (c)

129 Economics-XII

20

(a)

(b)

(c)

(d)

21

22

23

NVAFC 24

40 (i)

800 (ii)

30 (iii)

100 (iv)

20 (v)

50 (vi)

500 (vii)

200 (viii)

60 (ix)

130Economics-XII

25

26

27

28

29

—

—

0

0.20

0.35

—

0.4

—

—

0.8

80

140

—

240

260

0

100

200

—

—

(b) (a) 30

15 (i)

600 (ii)

131 Economics-XII

50 (iii)

200 (iv)

(–) 5 (v)

110 (vi)

10 (vii)

(–) 20 (viii)

70 (ix)

(–) 10 (x)

132Economics-XII

Marking Scheme1 (d) 1

1 (b) 2

1 (a) 3

1 (b) 4

1 (d) 5

1 6

1 Labour Oriented Technique (i)

1 Capital Oriented Techneque (ii)

7

3

3 PPC 8

1 9

3 MU TU

10

125 500 4

1½ 100 500 5

P = 1, Q = –25

1 d =

133 Economics-XII

1

d = –0.8

1 11

3

2 2

12

1

1 1 MRSxy (ii)

1 2

3 MP TP 13

3 6 14

15

1 (i)

1 1 (ii)

1 1 (iii)

1

134Economics-XII

1 (d) 16

1 (d) 17

1 (d) 18

1 (d) 19

1 (b) 20

GDP 21

GDP 3

1 ½

1 ½

22

1

½

135 Economics-XII

1

½ IMF

(3) 23

(NVAFC) 24

2 NVAFC = (ii) + (v – vi) – vii – (– i) – iii

1 = 800 + (20 – 50) – 500 – (–40) – 30

½ = 840 – 560

½ = 280

4 25

4

1 26

(i)

(ii)

(iii)

3 27

3

3 3

136Economics-XII

3 28

3

1×6 = 6 29

300, 400 =

200 = 0.4, 0.6 = MPS

– 0.4 = APS

2 = ii + iv + (vi + x) – viii – ix – vii 30

1½ = 600 + 200 + [100 + (–10)] – ()–20 – 70 – 10

= 600 + 200 + 100 + 20 – 70 – 1

½ = 840

1 = + ix – v

½ = 840 + 70 – (–5)

½ = 915

137 Economics-XII

100 3

1 1916 41 (i)

60 3 2120 105 (ii)

70 4 2522 11 (iii)

100 6 2926 1512 (iv)

(v)

“U” 1

AVC (b) TVC (a)

AC (d) MC (c)

2

(b) (a)

(d) (c)

3

(b) (a)

(d) (c)

138Economics-XII

4

(a)

(b)

(c)

(d)

5

6

9 7 7

TC TVC 8

: 9

(b) (a)

10

11

12

13

14

MP TP 15

16

(a)

139 Economics-XII

(b)

(c)

(d)

NNP = NDP 17

(b) (a)

NFIA (d) (c)

18

(b) (a)

(d) (c)

19

(b) (a)

(d) (c)

20

21

NVAFC 22

30 (i)

12 (ii)

200 (iii)

20 (iv)

15 (v)

48 (vi)

10 (vii)

140Economics-XII

100 MPC = 9 23

24

25

26

(CRR) 27

28

29

400 (i)

–5 (ii)

65 (iii)

120 (iv)

100 (v)

20 (vi)

5 (vii)

30 (viii)

–10 (ix)

40 (x)

141 Economics-XII

Marking Scheme1 (a) 1

1 (b) 2

1 (c) 3

1 (d) 4

5

1½ (i)

1½ (ii)

1×3 = 3 6

7 = 7

9 =

2 = P

Q = 100 q = 0

1

1

= 0

1 ed = 0

142Economics-XII

8

2×2 = 4 9

1 10

½×2=1 1×2=2 4 11

2 12

2 2

13

4

143 Economics-XII

3 14

3 15

1 (a) 16

1 (d) 17

1 (b) 18

1 (a) 19

(2×1½=3) 20

(1×3=3) 21

NVAFC = (iii) + (vii) – (vi) – (v) – (iv) – (ii) 22

= 200 + 10 – 48 – 15 – 20 – 12

= 115

1½ 23

K = 10

1

½ or y = 1000 CV

144Economics-XII

24

4

4 25

26

(1×2=2) (a)

(b)

(1×2=2) (1×2=2) CRR 27

(1×2=2)

1 28

3

2 1 NI = (i) – (iii) + (iv) + (v) + (vii) + (viii) + (ix) – (x) 29

1 = 400 – 65 + 120 + 100 + 5 + 30 + (–10) – 40

1 = 540 Cr.

1½ GNDI = NI + (ii) + (iii – vii) + (vi)

1 = 540 + (–5) + 60 + 20

1½ = 615 Cr.

145 Economics-XII

146Economics-XII

1 -

3-4

1

2

(i)

(ii)

3

147 Economics-XII

4

Y X 1X+10Y

X 2 Y 2X

2X:1Y 2Y

5

— (Labour Intensive Technique) (i)

—(Capital Intensive Technique) (ii)

148Economics-XII

2 -

3-4

1

2

Y X 3

(i)

Y X

X

Y

149 Economics-XII

(ii)

4

— (i)

— (ii)

5

–

–

6

(i)

(ii)

(iii)

150Economics-XII

(iv)

7

— 0 0

8 8 1

6 14 2

4 18 3

2 20 4

0 20 5

–2 18 6

(i)

(ii)

(iii)

8

151 Economics-XII

6

1

(i)

(Convex) (ii)

(iii)

2

(i)

MRS (ii)

Y X (i)

X X

MRS

X

152Economics-XII

MRS

MRS (ii)

E

153 Economics-XII

3 -

3-4

1

10 1 1

24 2 1

42 3 1

2

1

2

3

4

1

2

-x 3

4

154Economics-XII

3

MC AVCAC

AVC ACMC (i)

MC AVC AC MC (ii)

AVC ACMC AVC AC MC (iii)

AVC AC (iv)

4

155 Economics-XII

AFC AVC (i)

AFC AC AVC AC (ii)

AFC AVC AC (iii)

AFC AVC AC (iv)

5

MR AR (i)

MR AR (ii)

AR MR (iii)

6

1

2

3

4

1

2

3

4

156Economics-XII

7

8

(A)

(B)

9

6

1

157 Economics-XII

(i)

(Maximum)

(ii)

(iii)

3 3 1 1

4 7 2 1

5 12 3 1

4 16 4 1

3 19 5 1

2 21 6 1

1 22 7 1

0 22 8 1

–1 21 9 1

158Economics-XII

C A

B

D

B

—

—

—

159 Economics-XII

2

(i)

(ii)

(iii)

5 4 1

4 4 2

3 4 3

4 4 4

5 4 5

5 10 1

4 8 2

3 6 3

4 4 4

5 2 5

160Economics-XII

(i)

(ii)

—

161 Economics-XII

4 -

3-4

1

2

3

4

162Economics-XII

5

6

(i)

(ii)

(iii)

(i)

(ii)

(iii)

7

— (Price Discrimination)

163 Economics-XII

— (Product Differentiation)

8

1

2

3

4

1

2

3

4

9

1

2

3

4

1

2

3

4

10

–

(i)

164Economics-XII

(ii)

(iii)

(iv)

(v)

6

1

2

3

(i)

(ii)

(iii)

4

166Economics-XII

5-

1

(b) (a)

(d) (c)

GNPmp 2

(b) (a)

(d) (c)

3

(a)

(b)

(c)

(d)

NDPFc 20 Subsidy = Rs 10 GDPmp = Rs. 200 4

200 (b) 190 (a)

230 (d) 210 (c)

AC 5

(b) (a)

(d) (c)

167 Economics-XII

6

– (a)

+ – (b)

+ – (c)

– (d)

7

(b) (a)

(d) (c)

8

(b) (a)

(d) (c)

9

GDP (b) GDP (a)

GDP (d) GDP (c)

10

(b) (a)

(d) (b) (a) (c)

MCQ

(c) 3 (d) 2 (a) 1

(c) 6 (d) 5 (a) 4

(d) 9 (a) 8 (d) 7

(a) 10

168Economics-XII

3-4

1

1000 (i)

30 (ii)

1000 (iii)

12000 (iv)

3000 (v)

2000 (vi)

2500 (vii)

3500 (viii)

2

600 (i)

400 (ii)

2000 (iii)

10 (iv)

(–)50 (v)

10000 (vi)

500 (vii)

169 Economics-XII

3

800 (i)

20 (ii)

1600 (iii)

400 (iv)

(–)500 (v)

1000 (vi)

8000 (vii)

4

(i)

(ii)

(i)

(ii)

5

(i)

(ii)

(i) (ii)

170Economics-XII

6

(i)

(ii)

(i)

(ii)

7

—

—

8

(i)

(ii)

(i)

(ii)

9

(i)

(ii)

(Financial Capital) (i) (Services) (goods)

(ii)

171 Economics-XII

6

1

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

(k)

(l)

(m)

(n)

(o)

(p)

(q)

(r)

(a)

(b)

(c)

172Economics-XII

(d)

(e)

(f)

(g)

(h)

(i)

(j)

(k)

(l)

(m)

(n)

(o)

(p)

(q)

(r)

2

(i)

(ii)

(iii)

(iv)

(v)

(i)

(ii)

173 Economics-XII

(iii)

(iv)

(v)

3

(i)

(ii)

NFIA (iii)

(iv)

(i)

(ii)

NFIA (iii)

(iv)

174Economics-XII

6-

3-4

1

2

3

4

(Financial Advisor)

175 Economics-XII

6

1

LRR (ii) (i)

LRR = 20% (2) 1000 = (1) –

(3)

800 200 1000 800

640 16020% 800 1800

176Economics-XII

7-

1

(b) (a)

(d) (b) (a) (c)

MPS 2

(b) (a)

(d) (c)

3

(b) (a)

(d) (c)

4

(b) -x (a)

-y (d) (c)

5

MPC APC (b) MPC APC (a)

MPC APC (d) MPC APC (c)

177 Economics-XII

6

(b) (a)

(d) LSR (c)

AS AD 7

(b) (a)

(d) (c)

AS AD 8

(b) (a)

(b) (a) (d) (c)

500 1000 9

3 (b) 4 (a)

2 (d) 5 (c)

10

(b) (a)

(d) (c)

(c) 3 (c) 2 (a) 1

(d) 6 (c) 5 (c) 4

(c) 9 (d) 8 (c) 7

(d) 10

178Economics-XII

3-4

1

0.75 = (MPC) 2

75

700 C = 300+0.8Y 3

C = 300 + 0.8Y

Y = C + 1

Y = 300 + 0.8Y + 700 = Rs. 1250

4

(i)

(ii)

179 Economics-XII

5 MPC > MPS (iii)

(MPS) (iv)

1 (v)

1 (vi)

1 K = 1/1–MPC = 1/1–0 = 1 MPC = 0 (i)

APS (ii)

MPC > 0.8 (iii)

0.8 0.5 MPC MPS S = 0 MPS = S/Y (iv)

K = 1/1–MPC = 1/1–0 = 1 (v)

APC + APS = 1 (vi)

5

MPC K = 1/1–MPC

consumption

6

1

(ii) (i)

180Economics-XII

2

(ii) (i)

3

LRR (ii) (i)

(i)

LRR (ii)

5

181 Economics-XII

(consumption) 75 5

1000

(i)

(ii)

MPC = 75% = 75/100 3/4

MPS = 1–3/4 = 1/4

K = 1/MPS = 4

(i)

(ii)

12000 6

20000 3:1 12000 =

MPC:MPS = 3:1

20000 =

182Economics-XII

8-

3-4

1

2

3

1

2

183 Economics-XII

3

1

2

3

4

1

2

3

1

2

3

5

1

2

3

1

184Economics-XII

2

3

6

– =

(i)

(ii)

(iii)

7

—

(i

(ii

(iii

185 Economics-XII

9-

1

2

3

4

5

6

7

  8

186Economics-XII

9

(i)

(ii)

(iii)

10

 

11

(i

(ii

(iii

12

13

187 Economics-XII

100 3

(i)

1 1915 31 (ii)

60 3 2220 84 (iii)

70 4 2523 10 9 (iv)

100 6 2926 1411 (v)

(vi)

(vi)

1

2

(b) (a)

(d) (c)

188Economics-XII

3

x (a)

(b)

(Convex) (c)

(d)

4

Y

X

10

9

7

4

0

0

1

2

3

4

5

(Minus sign) 6

(Plus sign) 7

(Maximum Price Celling) 8

8

(Price cielling)

189 Economics-XII

25 1000 8 9

1000

10

3 Y X 11

3

5 4 Y X 4 Y 5 X

12

12

13

14

190Economics-XII

15

16

1 (a)

1 (b)

1 (c)

1 –

1 (d)

– 1

17

(b) (a)

(d) (c)

18

(b) (a)

(d) (c)

19

(b) (a)

(d) (c)

191 Economics-XII

(GDP) 110100 = 200GDP 20

21

22

23

24

25

100 =

0.2 =

200 =

26

(i)

(ii)

(iii)

27

192Economics-XII

28

80 (i)

600 (ii)

30 (iii)

650 (iv)

100 (v)

50 (vi)

70 (vii)

60 (viii)

14 (ix)

(–)10 (x)

20 (xi)

10 (xii)

193 Economics-XII

1 P1x1 + P2x2 = m 1

1 (a) 2

1 (d) 3

1½

y X

1y : 1x 10 0

2y : 1x 9 1

3y : 1x 7 2

4y : 1x 4 3

0 4

4

1½

3

5

3

3 – (–)

6

194Economics-XII

3

7

1 8

2 OP1 OP

OQ2 PB OQ1 PA

1

2

1½ 125 1000 8

100 1000 10

9

1

½

= – 0.8

195 Economics-XII

1

10

3 = <

< = >

3 = 3 = Y= X

11

X = Y

3 X

>

Y

X X

196Economics-XII

5 = X 4 = X

4 = Y 5 = Y

X Y

= X Y

3 MUx Y X

MUy

3 12

197 Economics-XII

I

A

II

BA

1×3=3 B III

6 6 1

14 20 2

12 32 3

8 40 4

0 40 5

–3 37 6

2 I

3 II

5

3 6 III

13

= (i)

< (ii)

198Economics-XII

AMR ML MC > MR

MR MC MR MC

MR MC MC MR MC

MRMC MR

MR MC MR MC

MRMC MR MC

14

1

15

1 1 (b)

16

1 (b) 17

1 (c) 18

1 (a) 19

199 Economics-XII

1½ = × 100

20

1 200 = × 100

110

½ =

21

1×3=3 (i)

(ii)

(iii)

1×3=3 (i)

(ii)

(iii)

(iv)

1½

1½

22

3

23

200Economics-XII

4

24

1½

2

½

= + + = 100 + (1 – 0.2) + 200

0.2 = 300

25

2 (i)

26

2 (ii)

2 (iii)

2

27

4

2

201 Economics-XII

4

28

1½

1

½

= ii + v + (vii + x) – xi – viii – xii

= 600 + 100 + 70 + (–10) – 20 – 60 – 10

= 670

29

1½

1

½

= (iv) – (vi) – (iii) – (i)

= 650 – 50 – 30 – 80

= 490

202Economics-XII