HIGHER SECONDARY EXAMINATION HSE II PART III ECONOMICS

Time:2:30hrs Max Score:80 1.Consider the following changes in budget line.Give reasons? A Good 2 Good 2 A (4) B Good 1 Good 1 B B Good 1 B Good 1

A Good 2 A Good 2

2.From the following data,C alculate Personal Income and personal disposable income ? Rs:Crores NDPFC Factor income to abroad Undistributed profit Corporate tax Factor income from abroad Interest received by house holds Interest paid by house holds Transfer income Personal tax 8000 800 1000 500 1000 1500 1200 300 500 (5)

3.Price elasticity of demand for a commodity is 2. A consumer demands 40 units of the commodity When its price Rs:5 per unit. How many units of the commodity will be the house holds demand When its price rises to Rs:6 per unit. 4.Identify and define the following (4)

C (a) Y (b)

S Y (4)

5.From the following table calculate TFC,TVC,AFC,AVC and SAC of the firm.? Out put 0 1 2 3 4 5 6 TC 10 30 45 55 70 90 120 TFC TVC AFC AVC SAC

(6)

6.The demand function of a monopoly firm is given as q=10-p.Substitute the values from 10 to 1. (a) calculate the demand schedule of the commodity (b) From the table calculate TR,AR & MR. (c) Draw AR & MR curve in the same set of axis. (d) State the relationship between MR & elasticity. 7.Mr.Ramu purchase 1kg orange for Rs:50/-Point out the main functions of money from the above statement. 8.Complete the folloqing M1 = CU + DD M2 = ---- -----M3 = ----------M4 = ----------9.Draw diagrams to explain the concept shut down points in the long run & the short run. 10.Draw a diagram showing circular flow of income in a two sector model economy. qd = 100-2p =0 0 p 50 if p > 50 Qs = 10+2p =0 p 10 if 0 p < 10 Calculate equilibrium price & quantity 11.Compare flexible exchange rate with fixed exchange rate 12.Identify the following 1) 1+ cdr 2) 1 3) -c 4) 1 cdr+rdr 1-c 1-c(1-t) 1-c(1-t) 13.Do you think GDP is the real indicator of welfare ? Illustrate. 14.Examine the impact of the following on the production possibility curve of an economy. (a)Mining of sand from dams . (b)Setting up of coach factory at Palakkad.

(8) (5)

(3) (5)

(3) (4)

(2) (4)

(c)Utilisation of cultivable land.

0 B 15.Categorise the following variables under appropriate headings. National Income , Individual Income, Price of Good, wage for a worker ,Price Level , Inflation 16.Prepare a seminar report on the various methods of measuring National Income. 17.Consumers demand for a commodity not only depend on price of the commodity but also many other factors To test the above statement you are asked to conduct a field visit.Prepare a questainare consisting Not less than 8 questions for the field visit 18.Let the production function of a firm be (a)Q=5 L 2 K2 (b)Find out the maximum out put that the firm can produce with 100 units of L & 100 units of K.

(3)

(3) (8)

(4)

(5)

Prepared by OTTAPPALAM center PALAKKAD (Dist) Conviner