SET – 3

Series : SSO/C úÖê›ü −ÖÓ. 58/3

Code No.
¸üÖê»Ö −ÖÓ. ¯Ö¸üßÖÖ£Öá úÖê›ü úÖê ˆ¢Ö¸ü-¯ÖãÛßÖúÖ êú ´Öã Ö-¯Öéšü
Roll No. ¯Ö¸ü †¾Ö¿µÖ ×»Ö Öë …
Candidates must write the Code on
the title page of the answer-book.

• Ûéú¯ÖµÖÖ •ÖÖÑ“Ö Ûú¸ü »Öë ×Ûú ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë ´ÖãצüŸÖ ¯Öéšü 8 Æïü …
• ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë ¤üÖ×Æü®Öê ÆüÖ£Ö Ûúß †Öê¸ü פü‹ ÝÖ‹ ÛúÖê›ü ®Ö´²Ö¸ü ÛúÖê ”ûÖ¡Ö ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ Ûêú ´ÖãÜÖ-¯Öéšü ¯Ö¸ü ×»ÖÜÖë …
• Ûéú¯ÖµÖÖ •ÖÖÑ“Ö Ûú¸ü »Öë ×Ûú ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë 29 ¯ÖÏ¿®Ö Æïü …
• Ûéú¯ÖµÖÖ ¯ÖÏ¿®Ö ÛúÖ ˆ¢Ö¸ü ×»ÖÜÖ®ÖÖ ¿Öãºþ Ûú¸ü®Öê ÃÖê ¯ÖÆü»Öê, ¯ÖÏ¿®Ö ÛúÖ ÛÎú´ÖÖÓÛú †¾Ö¿µÖ ×»ÖÜÖë …
• ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ÛúÖê ¯ÖœÌü®Öê Ûêú ×»Ö‹ 15 ×´Ö®Ö™ü ÛúÖ ÃÖ´ÖµÖ ×¤üµÖÖ ÝÖµÖÖ Æîü … ¯ÖÏ¿®Ö-¯Ö¡Ö ÛúÖ ×¾ÖŸÖ¸üÞÖ ¯Öæ¾ÖÖÔÆü訅 ´Öë 10.15 ²Ö•Öê
×ÛúµÖÖ •ÖÖµÖêÝÖÖ … 10.15 ²Ö•Öê ÃÖê 10.30 ²Ö•Öê ŸÖÛú ”ûÖ¡Ö Ûêú¾Ö»Ö ¯ÖÏ¿®Ö-¯Ö¡Ö ÛúÖê ¯ÖœÌüëÝÖê †Öî¸ü ‡ÃÖ †¾Ö×¬Ö Ûêú ¤üÖî¸üÖ®Ö ¾Öê
ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ ¯Ö¸ü ÛúÖê‡Ô ˆ¢Ö¸ü ®ÖÆüà ×»ÖÜÖëÝÖê …
• Please check that this question paper contains 8 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 29 questions.
• Please write down the Serial Number of the question before attempting it.
• 15 minute 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.

†£ÖÔ¿ÖÖáÖ
ECONOMICS
×®Ö¬ÖÖÔ׸üŸÖ ÃÖ´ÖµÖ : 3 ‘ÖÞ™êü ] [ †×¬ÖÛúŸÖ´Ö †ÓÛú : 100
Time allowed : 3 hours ] [ Maximum Marks : 100

ÃÖÖ´ÖÖ®µÖ ×®Ö¤ìü¿Ö :
(i) ¤üÖ®ê ÖÖë ÜÖÞ›üÖë Ûêú ÃÖ³Öß ¯ÖÏ¿®Ö †×®Ö¾ÖÖµÖÔ Æïü …
(ii) ¯ÖÏŸµÖêÛú ¯ÖÏ¿®Ö Ûêú ×®Ö¬ÖÖÔ׸üŸÖ †ÓÛú ˆÃÖÛêú ÃÖÖ´Ö®Öê פü‹ ÝÖ‹ Æïü …
(iii) ¯ÖÏ¿®Ö ÃÖÓܵÖÖ 1 – 3 ŸÖ£ÖÖ 15 – 19 †×ŸÖ »Ö‘Öæ¢Ö¸üÖŸ´ÖÛú ¯ÖÏ¿®Ö Æîü, וִ֮Öë ¯ÖÏŸµÖêÛú ÛúÖ 1 †ÓÛú Æîü … ‡®ÖÛúÖ ¯ÖÏŸµÖêÛú
ÛúÖ ˆ¢Ö¸ü ‹Ûú ¾ÖÖŒµÖ ´Öë Æüß †¯Öê×õÖŸÖ Æîü …
(iv) ¯ÖÏ¿®Ö ÃÖÓܵÖÖ 4 – 8 †Öî¸ü 20 – 22 »Ö‘Öæ¢Ö¸üÖŸ´ÖÛú ¯ÖÏ¿®Ö Æïü, וִ֮Öë ¯ÖÏŸµÖêÛú Ûêú 3 †ÓÛú Æïü … ¯ÖÏŸµÖêÛú ÛúÖ ˆ¢Ö¸ü
ÃÖÖ´ÖÖ®µÖŸÖ: 60 ¿Ö²¤üÖë ÃÖê †×¬ÖÛú ®ÖÆüà ÆüÖ®ê ÖÖ “ÖÖ×Æü‹ …
58/3 1 [P.T.O.
 (v) ¯ÖÏ¿®Ö ÃÖÓܵÖÖ 9 – 10 †Öî¸ü 23 – 25 ³Öß »Ö‘Öæ¢Ö¸üÖŸ´ÖÛú ¯ÖÏ¿®Ö Æïü, וִ֮Öë ¯ÖÏŸµÖêÛú Ûêú 4 †ÓÛú Æïü … ¯ÖÏŸµÖêÛú ÛúÖ ˆ¢Ö¸ü
ÃÖÖ´ÖÖ®µÖŸÖ: 70 ¿Ö²¤üÖë ÃÖê †×¬ÖÛú ®ÖÆüà ÆüÖ®ê ÖÖ “ÖÖ×Æü‹ …
(vi) ¯ÖÏ¿®Ö ÃÖÓܵÖÖ 11 – 14 †Öî¸ü 26 – 29 ¤üß‘ÖÔ ˆ¢Ö¸üÖŸ´ÖÛú ¯ÖÏ¿®Ö Æïü, וִ֮Öë ¯ÖÏŸµÖêÛú Ûêú 6 †ÓÛú Æïü … ¯ÖÏŸµÖêÛú ÛúÖ ˆ¢Ö¸ü
ÃÖÖ´ÖÖ®µÖŸÖ: 100 ¿Ö²¤üÖë ÃÖê †×¬ÖÛú ®ÖÆüà ÆüÖ®ê ÖÖ “ÖÖ×Æü‹ …
(vii) ˆ¢Ö¸ü ÃÖÓ×õÖ¯ŸÖ ŸÖ£ÖÖ ŸÖ£µÖÖŸ´ÖÛú ÆüÖ®ê Öê “ÖÖ×Æü‹ ŸÖ£ÖÖ µÖ£ÖÖÃÖÓ³Ö¾Ö ‰ú¯Ö¸ü ¤üß ÝÖ‡Ô ¿Ö²¤ü ÃÖß´ÖÖ Ûêú †ÓŸÖÝÖÔŸÖ Æüß ×¤ü‹ •ÖÖ®Öê
“ÖÖ×Æü‹ …
General Instructions :
(i) All questions in both the sections are compulsory.
(ii) Marks for questions are indicated against each question.
(iii) Questions No. 1-3 and 15-19 are very short-answer questions carrying 1 mark each.
They are required to be answered in one sentence each.
(iv) Questions No. 4-8 and 20-22 are short-answer questions carrying 3 marks each.
Answers to them should normally not exceed 60 words each.
(v) Questions No. 9-10 and 23-25 are also short-answer questions carrying 4 marks
each. Answers to them should normally not exceed 70 words each.
(vi) Questions No. 11-14 and 26-29 are long-answer questions carrying 6 marks each.
Answers to them should normally not exceed 100 words each.
(vii) Answers should be brief and to the point and the above word limits should be
adhered to as far as possible.

ÜÖÞ›ü – †
SECTION – A

1. ˆŸ¯ÖÖ¤ü®Ö Ûúß 4 ‡ÛúÖ‡ÔµÖÖë Ûúß †ÖîÃÖŸÖ ×ãָü »ÖÖÝÖŸÖ ` 20 Æîü … 5 ‡ÛúÖ‡ÔµÖÖë Ûúß †ÖîÃÖŸÖ ¯Ö׸ü¾Ö¢Öá »ÖÖÝÖŸÖ ` 40 Æîü …
5 ‡ÛúÖ‡ÔµÖÖë Ûúß †ÖîÃÖŸÖ »ÖÖÝÖŸÖ ×ÛúŸÖ®Öß Æîü ? (ÃÖÆüß ×¾ÖÛú»¯Ö “Öã×®Ö‹) 1
(a) ` 20
(b) ` 40
(c) ` 56
(d) ` 60
The average fixed cost at 4 units of output is ` 20. Average variable cost at 5 units of
output is ` 40. Average cost of producing 5 units is : (Choose the correct alternative)
(a) ` 20
(b) ` 40
(c) ` 56
(d) ` 60
58/3 2
2. DD' ‹Ûú ´ÖÖÑÝÖ ¾ÖÛÎú Æîü †Öî¸ü A †Öî¸ü B ‡ÃÖ ¯Ö¸ü ¤üÖê ײ֮¤ãü Æïü … 1
Y
D
A
Ûúß´ÖŸÖ
(`)
B

O X
D′
´ÖÖÑÝÖ (‡ÛúÖ‡Ô)
A ײ֮¤ãü ¯Ö¸ü ´ÖÖÑÝÖ Ûúß Ûúß´ÖŸÖ »ÖÖê“Ö : (ÃÖÆüß ×¾ÖÛú»¯Ö “Öã×®Ö‹)
(a) B ¯Ö¸ü ´ÖÖÑÝÖ Ûúß »ÖÖê“Ö ÃÖê Ûú´Ö Æîü …
(b) B ¯Ö¸ü ´ÖÖÑÝÖ Ûúß »ÖÖê“Ö Ûêú ²Ö¸üÖ²Ö¸ü Æîü …
(c) B ¯Ö¸ü ´ÖÖÑÝÖ Ûúß »ÖÖê“Ö ÃÖê †×¬ÖÛú Æîü …
(d) 1 ÃÖê Ûú´Ö Æîü …
DD' is a demand curve, A and B are two points on it.
Y
D
A
Price
(`)
B

O X
D′
Demand (Units)
Price elasticity of demand at point A is : (Choose the correct alternative)
(a) less than elasticity of demand at B.
(b) equal to elasticity of demand at B.
(c) greater than elasticity of demand at B.
(d) less than 1.

3. þÖÖãµÖ Ûêú ×»Ö‹ ÆüÖ×®ÖÛúÖ¸üÛú ¾ÖßÖã x Ûúß ´ÖÖÑÝÖ Ûú´Ö Ûú¸ü®Öê Ûêú ×»Ö‹ ÃÖ¸üÛúÖ¸ü ŒµÖÖ †ÖÙ£ÖÛú ˆ¯ÖÖµÖ Ûú¸ü ÃÖÛúŸÖß Æîü ? 1
What economic measure can the Government take to reduce demand for commodity x
which is harmful for health ?

4. ‘×ÛúÃÖÛêú ×»Ö‹ ˆŸ¯ÖÖ¤ü®Ö Ûú¸ëü’ Ûúß ÃÖ´ÖõÖÖ ÛúÖ ¾ÖÞÖÔ®Ö Ûúßו֋ … 3

Describe the problem of ‘for whom to produce’.

5. ‘†×¬ÖÛúŸÖ´Ö Ûúß´ÖŸÖ ÃÖß´ÖÖ’ Ûêú †£ÖÔ †Öî¸ü †Ö¾Ö¿µÖÛúŸÖÖ Ûúß ¾µÖÖܵÖÖ Ûúßו֋ … 3
Explain the meaning and need for ‘maximum price-ceiling’.

6. ÃÖ¸üÛúÖ¸ü ®Öê ²ÖÆãüŸÖ †×¬ÖÛú ÃÖÓܵÖÖ ´Öë ×¾Ö–ÖÖ®Ö †Öî¸ü ¯ÖÏÖîªÖê×ÝÖÛúß ÃÖÓãÖÖ®Ö Ã£ÖÖ×¯ÖŸÖ ×ÛúµÖê Æïü … ‡ÃÖÃÖê ˆŸ¯ÖÖ¤ü®Ö ÃÖÓ³ÖÖ¾Ö®ÖÖ
ÃÖß´ÖÖ (¾ÖÛÎú) ÛîúÃÖê ¯ÖϳÖÖ×¾ÖŸÖ ÆüÖêÝÖß ? ÃÖ´Ö—ÖÖ‡‹ … 3
The Government establishes a large number of Institutes of science and technology.
How will it affect the production possibility frontier ? Explain.
58/3 3 [P.T.O.
7. ‹Ûú ÃÖß´ÖÖ®ŸÖ ˆŸ¯ÖÖ¤ü ŸÖÖ×»ÖÛúÖ Ûúß ÃÖÆüÖµÖŸÖÖ ÃÖê ¯Ö׸ü¾Ö¢Öá †®Öã¯ÖÖŸÖÖë Ûêú ×®ÖµÖ´Ö Ûêú ×¾Ö׳֮®Ö “Ö¸üÞÖ ²ÖŸÖÖ‡‹ … 3
State with the help of a marginal product schedule the different phases of the Law of
Variable Proportions.

8. ‹Ûú ±ú´ÖÔ Ûúß †ÖîÃÖŸÖ ÃÖÓ¯ÖÏÖׯŸÖ (†ÖÝÖ´Ö) ¾ÖÛÎú ¯ÖæÞÖÔ ¯ÖÏןֵÖÖê×ÝÖŸÖÖ Ûêú †®ŸÖÝÖÔŸÖ x-†õÖ Ûêú ÃÖ´ÖÖ®ÖÖ®ŸÖ¸ü ŒµÖÖë ÆüÖêŸÖß Æîü ?
ÃÖ´Ö—ÖÖ‡‹ … 3
†£Ö¾ÖÖ
‹ÛúÖ׬ÖÛúÖ¸üÖŸ´ÖÛú ¯ÖÏןֵÖÖê×ÝÖŸÖÖ Ûêú †®ŸÖÝÖÔŸÖ ‹Ûú ±ú´ÖÔ Ûúß †ÖîÃÖŸÖ ÃÖ®¯ÖÏÖׯŸÖ (†ÖÝÖ´Ö) ¾ÖÛÎú ŠúÞÖÖŸ´ÖÛú œÌü»ÖÖ®Ö ¾ÖÖ»Öß
ŒµÖÖë ÆüÖêŸÖß Æîü ? ÃÖ´Ö—ÖÖ‡‹ …
Why is average revenue curve of a firm parallel to x-axis under perfect competiton ?
Explain.
OR
Why is average revenue curve of a firm negatively sloped under monopolistic
competition ? Explain.

9. ‹Ûú ÃÖÓܵÖÖŸ´ÖÛú ˆ¤üÖÆü¸üÞÖ Ûúß ÃÖÆüÖµÖŸÖÖ ÃÖê ÈüÖÃÖ´ÖÖ®Ö ÃÖß´ÖÖÓŸÖ ¯ÖÏןÖãÖÖ¯Ö®Ö ¤ü¸ü ÛúÖ †£ÖÔ ÃÖ´Ö—ÖÖ‡‹ … 4
†£Ö¾ÖÖ
‹Ûú ˆ¤üÖÆü¸üÞÖ Ûúß ÃÖÆüÖµÖŸÖÖ ÃÖê ÈüÖÃÖ´ÖÖ®Ö ÃÖß´ÖÖ®ŸÖ ˆ¯ÖµÖÖê×ÝÖŸÖÖ Ûêú ×®ÖµÖ´Ö Ûúß ¾µÖÖܵÖÖ Ûúßו֋ …
Explain with the help of a numerical example, the meaning of diminishing marginal
rate of substitution.
OR
Explain the Law of Diminishing Marginal Utility with the help of an example.

10. ‘´ÖÖÑÝÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ®Ö’ †Öî¸ü ‘´ÖÖÑÝÖ-´ÖÖ¡ÖÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ®Ö’ ´Öë ŒµÖÖ †®ŸÖ¸ü ÆüÖêŸÖÖ Æîü ? ÃÖ´Ö—ÖÖ‡‹ … 4
Explain the difference between ‘change in demand’ and ‘change in quantity demaned’.

11. ‹Ûú ¾ÖßÖã Ûúß ´ÖÖÑÝÖ ¾ÖÛÎú ¤üÖµÖà †Öê¸ü ×ÜÖÃÖÛú®Öê Ûêú ˆÃÖÛúß ÃÖÓŸÖã»Ö®Ö Ûúß´ÖŸÖ, ´ÖÖÑÝÖ-´ÖÖ¡ÖÖ †Öî¸ü ¯ÖæÙŸÖ-´ÖÖ¡ÖÖ ¯Ö¸ü ¯ÖϳÖÖ¾ÖÖë Ûúß
ÀÖéÓÜÖ»ÖÖ Ûúß ¾µÖÖܵÖÖ ‹Ûú ¸êüÜÖÖ×“Ö¡Ö Ûúß ÃÖÆüÖµÖŸÖÖ ÃÖê Ûúßו֋ … 6
Explain with the help of a diagram the chain of effects of a rightward shift in demand
curve of a good on its equilibrium price, quantity demanded and supplied.

×®Ö´®Ö×»Ö×ÜÖŸÖ ¯ÖÏ¿®Ö Ûêú¾Ö»Ö ¥ü×™üÆüß®Ö ¯Ö¸üßõÖÖÙ£ÖµÖÖë Ûêú ×»Ö‹ ¯ÖÏ¿®Ö ÃÖÓܵÖÖ 11 Ûêú ãÖÖ®Ö ¯Ö¸ü Æîü …
‹Ûú ¾ÖßÖã Ûêú ´ÖÖÑÝÖ-†Ö׬֌µÖ ÛúÖ †£ÖÔ ÃÖ´Ö—ÖÖ‡‹ … ‡ÃÖÛêú ÃÖÓŸÖã»Ö®Ö Ûúß´ÖŸÖ ¯Ö¸ü ¯ÖϳÖÖ¾ÖÖë Ûúß ÀÖéÓÜÖ»ÖÖ Ûúß ¾µÖÖܵÖÖ
Ûúßו֋ … 6
The following question is for blind candidates only in lieu of Q. No. 11.
Explain the meaning of excess demand of a good. Explain its chain of effects on
equilibrium price.

12. ´ÖÖÑÝÖ ¾ÖÛÎú Ûêú ¤üÖµÖà †Öê¸ü ü ×ÜÖÃÖÛú®Öê Ûêú ×Ûú®Æüà ŸÖß®Ö ÛúÖ¸üÞÖÖë Ûúß ¾µÖÖܵÖÖ Ûúßו֋ … 6
Explain any three causes of a rightward shift in demand curve.

58/3 4
13. ×®Ö´®Ö×»Ö×ÜÖŸÖ ÛúÖ ‹Ûú ¾ÖßÖã Ûúß ²ÖÖ•ÖÖ¸ü ¯ÖæÙŸÖ ¯Ö¸ü ¯ÖϳÖÖ¾Ö ÃÖ´Ö—ÖÖ‡‹ : 6
(i) †ÖÝÖŸÖÖë Ûúß Ûúß´ÖŸÖÖë ´Öë ¾Öéרü
(ii) ¯ÖÏ×ŸÖ ‡ÛúÖ‡Ô Ûú¸ü ´Öë Ûú´Öß
†£Ö¾ÖÖ
×®Ö´®Ö×»Ö×ÜÖŸÖ Ûêú ²Öß“Ö ÃÖ´²Ö®¬Ö ²ÖŸÖÖ‡‹ :
(†) ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ †Öî¸ü †ÖîÃÖŸÖ ¯Ö׸ü¾Ö¢Öá »ÖÖÝÖŸÖ
(²Ö) Ûãú»Ö »ÖÖÝÖŸÖ †Öî¸ü ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ
Explain the effect of the following on market supply of a good :
(i) Increase in input prices
(ii) Reduction in per unit tax
OR
State the relationship between :
(a) Marginal cost and average variable cost
(b) Total cost and marginal cost

14. ÛúÖ¸üÞÖ ¤êüŸÖê Æãü‹ ²ÖŸÖÖ‡‹ ×Ûú ×®Ö´®Ö×»Ö×ÜÖŸÖ Ûú£Ö®Ö ÃÖÆüß Æîü µÖÖ ÝÖ»ÖŸÖ : 6
(i) ‹Ûú ¾ÖßÖã Ûúß ¯ÖæÙŸÖ ¾ÖÛÎú †®µÖ ¾ÖßÖã†Öë Ûúß Ûúß´ÖŸÖ ²ÖœÌü®Öê ¯Ö¸ü ¤üÖµÖà †Öê¸ü ×ÜÖÃÖÛúŸÖß Æîü …
(ii) †ÖîÃÖŸÖ »ÖÖÝÖŸÖ †Öî¸ü †ÖîÃÖŸÖ ¯Ö׸ü¾ÖŸÖÔ®Ö¿Öß»Öü »ÖÖÝÖŸÖ ÛúÖ †®ŸÖ¸ü ÃÖ¤îü¾Ö ×ãָü ¸üÆüŸÖÖ Æîü …
Giving reasons, state whether the following statements are true or false :
(i) The supply curve of a good shifts to the right when prices of other goods rise.
(ii) The difference between average cost and average variable cost is always
constant.

ÜÖÞ›ü – ²Ö
SECTION – B
15. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê ÛúÖî®Ö ÃÖß ¸üÖ•ÖÃ¾Ö ¯ÖÏÖׯŸÖ ®ÖÆüà Æîü ? (ÃÖÆüß ×¾ÖÛú»¯Ö “Öã×®Ö‹) 1
(a) ŠúÞÖÖë Ûúß ¾ÖÃÖæ»Öß
(b) ×¾Ö¤êü¿Öß †®Öã¤üÖ®Ö
(c) ÃÖÖ¾ÖÔ•Ö×®ÖÛú ˆª´ÖÖë Ûêú »ÖÖ³Ö
(d) ÃÖ´¯Ö×¢Ö Ûú¸ü
Which of the following is not a revenue receipt ? (Choose the correct alternative).
(a) Recovery of loans
(b) Foreign grants
(c) Profits of public enterprises
(d) Wealth tax

16. †Ö¸ü×õÖŸÖ ®ÖÛú¤üß ×®Ö×¬Ö †®Öã¯ÖÖŸÖ Ûúß ¯Ö׸ü³ÖÖÂÖÖ ¤üßו֋ … 1

Define cash reserve ratio.

58/3 5 [P.T.O.
17. ´Öã¦üÖ ¯ÖæÙŸÖ ÛúÖ ×®ÖµÖ´Ö®Ö ÛúÖî®Ö Ûú¸üŸÖÖ Æîü ? (ÃÖÆüß ×¾ÖÛú»¯Ö “Öã×®Ö‹) 1
(a) ³ÖÖ¸üŸÖ ÃÖ¸üÛúÖ¸ü
(b) ׸ü•Ö¾ÖÔ ²ÖïÛú †Öò±ú ‡Ó×›üµÖÖ
(c) ¾ÖÖ×ÞÖוµÖÛú ²ÖïÛú
(d) µÖÖê•Ö®ÖÖ †ÖµÖÖêÝÖ
Who regulates money supply ? (Choose the correct alternative)
(a) Government of India
(b) Reserve Bank of India
(c) Commercial Banks
(d) Planning Commission

18. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê ÛúÖî®Ö ÃÖÖ Ã™üÖòÛú Æîü ? (ÃÖÆüß ×¾ÖÛú»¯Ö “Öã×®Ö‹) 1
(a) ÃÖ´¯Ö×¢Ö
(b) ²Ö“ÖŸÖ
(c) ×®ÖµÖÖÔŸÖ
(d) »ÖÖ³Ö
Which of the following is a stock ? (Choose the correct alternative)
(a) Wealth
(b) Saving
(c) Exports
(d) Profits

19. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê ÛúÖî®Ö ÃÖÖ ¯ÖÏÖ£Ö×´ÖÛú ‘ÖÖ™êü ÛúÖ ÃÖÆüß ´ÖÖ¯Ö Æîü ? (ÃÖÆüß ×¾ÖÛú»¯Ö “Öã×®Ö‹) 1
(a) ¸üÖ•ÖÛúÖêÂÖßµÖ ‘ÖÖ™êü †Öî¸ü ¸üÖ•ÖÃ¾Ö ‘ÖÖ™êü ÛúÖ †®ŸÖ¸ü
(b) ¸üÖ•ÖÃ¾Ö ‘ÖÖ™êü †Öî¸ü ²µÖÖ•Ö ³ÖãÝÖŸÖÖ®Ö ÛúÖ †®ŸÖ¸ü
(c) ¸üÖ•ÖÛúÖêÂÖßµÖ ‘ÖÖ™êü †Öî¸ü ²µÖÖ•Ö ³ÖãÝÖŸÖÖ®Ö ÛúÖ †®ŸÖ¸ü
(d) ¯ÖæÑ•ÖßÝÖŸÖ ¾µÖµÖ †Öî¸ü ¸üÖ•ÖÃ¾Ö ¾µÖµÖ ÛúÖ †®ŸÖ¸ü
Which of the following is a correct measure of primary deficit ?
(Choose the correct alternative)
(a) Fiscal deficit minus revenue deficit
(b) Revenue deficit minus interest payments
(c) Fiscal deficit minus interest payments
(d) Capital expenditure minus revenue expenditure

20. ×¾Ö¤êü¿Öß ´Öã¦üÖ Ûúß ´ÖÖÑÝÖ Ûêú ÛúÖê‡Ô ÃÖê ŸÖß®Ö ÄÖÖêŸÖ ×»Ö×ÜÖ‹ … 3
†£Ö¾ÖÖ
¤êü¿ÖßµÖ ´Öã¦üÖ Ûêú ‘†¾Ö´Öæ»µÖ®Ö †Öî¸ü ´Ö滵ÖÈüÖÃÖ’ Ûêú †£ÖÔ ²ÖŸÖÖ‡‹ …
Describe any three sources of demand for foreign exchange.
OR
Give the meanings of ‘devaluation and depreciation’ of domestic currency.

58/3 6
21. ‹Ûú †£ÖÔ¾µÖ¾ÖãÖÖ ´Öë þÖÖµÖ¢Ö ˆ¯Ö³ÖÖêÝÖ 500 Æîü, ÃÖß´ÖÖ®ŸÖ ²Ö“ÖŸÖ ¯ÖϾÖé×¢Ö 0.2 Æîü †Öî¸ü ×®Ö¾Öê¿Ö ¾µÖµÖ 2,000 Æîü … ‡ÃÖÛúß
ÃÖÓŸÖã×»ÖŸÖ †ÖµÖ ÛúÖ ¯Ö׸üÛú»Ö®Ö Ûúßו֋ … 3
In an economy autonomous consumption is 500, marginal propensity to save is 0.2 and
investment expenditure is 2000. Calculate its equilibrium level of income.

22. ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê ×ÛúÃÖÛêú ´Öæ»µÖ ŠúÞÖÖŸ´ÖÛú ®ÖÆüà ÆüÖê ÃÖÛúŸÖê ? ÛúÖ¸üÞÖ ¤üßו֋ … 3
(i) †ÖîÃÖŸÖ ²Ö“ÖŸÖ ¯ÖϾÖé×¢Ö
(ii) ÃÖß´ÖÖ®ŸÖ ²Ö“ÖŸÖ ¯ÖϾÖé×¢Ö
Which of the following cannot have a negative value ? Give reasons.
(i) Average propensity to save
(ii) Marginal propensity to save

23. ³ÖãÝÖŸÖÖ®Ö ¿ÖêÂÖ ÜÖÖŸÖê Ûêú ¾µÖÖ¯ÖÖ¸ü ÜÖÖŸÖê †Öî¸ü “ÖÖ»Öæ ÜÖÖŸÖê ´Öë ³Öê¤ü Ûúßו֋ … 4
Distinguish between trade account and current account of balance of payments
account.

24. ´Ö¬µÖ¾ÖŸÖá ¾ÖßÖã†Öë †Öî¸ü †×®ŸÖ´Ö ¾ÖßÖã†Öë Ûúß ¯Ö׸ü³ÖÖÂÖÖ ¤üßו֋ … ŒµÖÖ ¤æü¬Ö ´Ö¬µÖ¾ÖŸÖá ¾ÖßÖã ÆüÖê ÃÖÛúŸÖÖ Æîü ? †¯Ö®Öê
ˆ¢Ö¸ü Ûêú ×»Ö‹ ÛúÖ¸üÞÖ ¤üßו֋ … 4
†£Ö¾ÖÖ
ˆŸ¯ÖÖ¤ü®Ö ×¾Ö×¬Ö «üÖ¸üÖ ¸üÖ™ÒüßµÖ †ÖµÖ ÛúÖ ¯Ö׸üÛú»Ö®Ö Ûú¸üŸÖê ÃÖ´ÖµÖ ÛúÖî®Ö ÃÖß ÛúÖê‡Ô “ÖÖ¸ü ÃÖÖ¾Ö¬ÖÖ×®ÖµÖÖÑ ²Ö¸üŸÖ®Öß “ÖÖ×Æü‹ ?
Define intermediate goods and final goods. Can milk be an intermediate good ? Give
reasons for your answer.
OR
What any four precautions should be taken while estimating national income by
production method ?

25. ÛúÖ¸üÛú »ÖÖÝÖŸÖ ¯Ö¸ü ÃÖÛú»Ö ´Öæ»µÖ ¾Öéרü ÛúÖ ¯Ö׸üÛú»Ö®Ö Ûúßו֋ … 4
(`` Ûú¸üÖê›üÌ Öë ´Öë)
(i) ¤êü¿ÖßµÖ ×²ÖÛÎúß 3000
(ii) ÙüÖòÛú ´Öë ¯Ö׸ü¾ÖŸÖÔ®Ö (–) 100
(iii) ´Ö滵ÖÈüÖÃÖ 300
(iv) ´Ö¬µÖ¾ÖŸÖá ˆ¯Ö³ÖÖêÝÖ 2000
(v) ×®ÖµÖÖÔŸÖ 500
(vi) †¯ÖÏŸµÖõÖ Ûú¸ü 250
(vii) ×¾Ö¤êü¿ÖÖë ÃÖê ×®Ö¾Ö»Ö ÛúÖ¸üÛú †ÖµÖ (–) 50
Calculate gross value added at factor cost.
` in crores)
(`
(i) Domestic sales 3000
(ii) Change in stock (–) 100
(iii) Depreciation 300
(iv) Intermediate consumption 2000
(v) Exports 500
(vi) Indirect taxes 250
(vii) Net factor income from (–) 50
abroad

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26. ‹Ûú †£ÖÔ¾µÖ¾ÖãÖÖ ´Öë ¯ÖÏŸµÖÖ×¿ÖŸÖ ¾µÖµÖ, ¯ÖÏŸµÖÖ×¿ÖŸÖ ˆŸ¯ÖÖ¤ü®Ö ÃÖê †×¬ÖÛú Æîü … †£ÖÔ¾µÖ¾ÖãÖÖ ´Öë ÆüÖê®Öê ¾ÖÖ»Öê ÃÖ³Öß ¯Ö׸ü¾ÖŸÖÔ®ÖÖë
Ûúß ¾µÖÖܵÖÖ Ûúßו֋ … 6
In an economy planned spending is greater than planned output. Explain all the
changes that will take place in the economy.

27. ×®Ö´®Ö×»Ö×ÜÖŸÖ †ÖÑÛú›ÌüÖë ÃÖê (i) ²ÖÖ•ÖÖ¸ü ´Öæ»µÖ ÃÖÛú»Ö ¸üÖ™ÒüßµÖ ˆŸ¯ÖÖ¤ü (ii) ×®Ö¾Ö»Ö ¸üÖ™ÒüßµÖ ¯ÖϵÖÖê•µÖ †ÖµÖ ÛúÖ ¯Ö׸üÛú»Ö®Ö
Ûúßו֋ : 4, 2
(`` Ûú¸üÖê›üÌ Öë ´Öë)
(i) »ÖÖ³ÖÖÓ¿Ö 300
(ii) Ûú´ÖÔ“ÖÖ׸üµÖÖë ÛúÖ ¯ÖÖ׸üÁÖ×´ÖÛú 3000
(iii) ×Ûú¸üÖµÖÖ 500
(iv) בÖÃÖÖ¾Ö™ü (´Ö滵ÖÈüÖÃÖ) 200
(v) ²µÖÖ•Ö 800
(vi) ×¾Ö¤êü¿ÖÖë ÛúÖê ×®Ö¾Ö»Ö ÛúÖ¸üÛú †ÖµÖ 100
(vii) ×´Ö×ÁÖŸÖ †ÖµÖ 5000
(viii) ×®Ö¾Ö»Ö †¯ÖÏŸµÖõÖ Ûú¸ü 400
(ix) »ÖÖ³Ö 1500
(x) ×¾Ö¤êü¿ÖÖë ÛúÖê ×®Ö¾Ö»Ö “ÖÖ»Öæ ÆüßÖÖÓŸÖ¸üÞÖ (–) 50
From the following data calculate (i) Gross national product at market price and
(ii) Net national disposable income :
` in crores)
(`
(i) Dividends 300
(ii) Compensation of employees 3000
(iii) Rent 500
(iv) Depreciation 200
(v) Interest 800
(vi) Net factor income to abroad 100
(vii) Mixed income 5000
(viii) Net indirect taxes 400
(ix) Profit 1500
(x) Net current transfers to abroad (–) 50

28. ÃÖ¸üÛúÖ¸ü ×®Ö¾Öê¿ÖÛúÖë ÛúÖê ׯ֔û›üÌê õÖê¡ÖÖë ´Öë ×®Ö¾Öê¿Ö Ûú¸ü®Öê Ûêú ×»Ö‹ ²Ö•Ö™üßµÖ ¯ÖÏÖêŸÃÖÖÆü®Ö ¤êü®Öê ÛúÖ ×®ÖÞÖÔµÖ Ûú¸üŸÖß Æîü … ‡®Ö
ÃÖ´³Ö¾Ö ¯ÖÏÖêŸÃÖÖÆ®ÖÖë Ûúß ¾µÖÖܵÖÖ Ûúßו֋ †Öî¸ü ‡®Æëü ¤êü®Öê Ûêú ÛúÖ¸üÞÖ ²ÖŸÖÖ‡‹ … 6
The Government decides to give budgetary incentives to investors for making
investments in backward regions. Explain these possible incentives and the reasons for
the same.

29. ´Öã¦üÖ Ûêú ×Ûú®Æüà ¤üÖê ÛúÖµÖÖí Ûúß ¾µÖÖܵÖÖ Ûúßו֋ … 6

†£Ö¾ÖÖ
Ûêú®¦üßµÖ ²ÖïÛú Ûêú ×Ûú®Æüà ¤üÖê ´ÖãÜµÖ ÛúÖµÖÖí Ûúß ¾µÖÖܵÖÖ Ûúßו֋ …
Explain any two functions of money.
OR
Explain any two main functions of Central Bank.
_________
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