HSE II

HIGHER SECONDARY EXAMINATION ECONOMICS

Time Marks

2.45hrs 80

1.

2.

3.

4.

Some economic variables are given below. Classify them into two branches of economics : General price level, aggregate consumption, rent for a house in a city, demand for fish in local market (Score 2 ) Classify the following into tax and non tax revenue Personal income tax, license fee, excise duty, customs duty, escheats, surplus from public enterprises. (Score 3) Mr. Shyam happened to visit USA as a part of study programme he decided to convert Indian Rupee into US dollar he get $500 for 20000 Rs. Calculate the value of dollar in terms of rupee Calculate the value of rupee in terms of dollar Write the economic term (Score 3 ) Different production possibilities of two goods are given below. Possibilities Good X Good Y MOC A 0 15 B 1 14 C 2 12 D 3 9 E 4 5 F 5 0

Calculate MOC Draw PPC Comment the shape (Score 3 ) 5. Demand function Good X is d(x) = 20-3p. (o < p<20) Calculate price elasticity of demand when price rises from 3 to 4 (Score 3 ) 5. Suppose a consumers income is Rs 100. He consumes two goods X1 and X2. Prices of X1 And X2 are Rs 10 and Rs. 20 respectively. Write the equation of budget line and draw it . Suppose price of X1 decreased from Rs. 10 to Rs.5. draw the new budget line How many of good X1 can the consumer buy if he spends his entire income on that good (Score 3) 7. Find the odd one and justify your answer. (tea and sugar, shoe and sox, pen and ink, tea and coffee ) (Score 1 ) 8. complete the table Plot TVC, TFC, TC (TFC = 60) Plot AC and MC Quantity TFC TVC TC AC MC 0 1 2 3 4 5 6 (Score 8) 9. Rewrite the statement if necessary When price increases, demand for inferior goods will increase. The shape of indifference curve is convex to the origin (Score 2 ) 10. Draw a flow chart of two sector model (Score 3 )

11. There are three identical firms in the market. The supply function of a firm is QS = 10+ P. The prices are 0,1,2,3,4,5. Prepare market supply schedule. (Score 4 ) 12. Prepare a seminar report on the important methods of calculating national income (Score 8 ) 13. A bond promises Rs. 125 at the end of First year and second year and Rs. 2625 at the of Third year. Calculate present value of bond at the market rate of interest is 7 % (Score 3 ) 14. Calculate GDP, GNP, NNP, NDP both at factor cost and market price from the given values Depreciation 15, Gross value of output 800, intermediate consumption 300, indirect tax 8 Subsidy 3, net factor income from abroad 100 (Score 7 ) 15. Distinguish between BOT and BOP (Score 2 ) 16. Fill up the following table Features No. of sellers Nature of product Demand curve Selling cost Price (Score 5 ) 17. A perfect competitive firms profit is maximized at positive level of output when three conditions are satisfied. Describe the three conditions From the following table find the profit maximizing level of output in the long run of a firm if price is 10 Rs. Quantity TC 0 5 1 15 2 22 3 27 4 31 5 38 6 48 7 63 8 81 9 101 10 123 (Score 6 ) (Score 4 ) Monopoly Perfect competition Monopolistic Oligopoly competition

18. Diagrammatic explanation of liquidity trap 19. Complete the following table L 0 1 2 3 4 20. If TPL 0 15 35 50 40 APL MPL

(Score 2 ) C =50, I = 10 and ( c) = 0.8 Find the equilibrium level of income and value of investment multiplier Calculate the new equilibrium level of income if I increases to 20 Calculate the new equilibrium of income and value of multiplier if mpc falls to 0.6 (Score 6 )

20. Complete the following

Government Budget

(Score 2)

1. Jyothi. K, SMHSS Cherai. 2. Raseena. P.A, HIHSS Edavanakad.