Series ONS/1 Set 5
H$moS> Z§.
Code No.
amob> Z§. narjmWu H$moS> H$mo CÎma-nwpñVH$m Ho$ _wI-
Roll No.
n¥ð> na Adí` {bI|&
Candidates must write the Code on
the title page of the answer-book.
• H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| _w{ÐV n¥ð> 16 h¢Ÿ&
• àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE H$moS> Zå~a H$mo N>mÌ CÎma-nwpñVH$m Ho$ _wI-n¥ð> na {bI|Ÿ&
• H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| 30 àíZ h¢Ÿ&
• H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, àíZ H$m H«$_m§H$ Adí` {bI|Ÿ&
• Bg àíZ-nÌ H$mo n‹T>Zo Ho$ {bE 15 {_ZQ> H$m g_` {X`m J`m h¡Ÿ& àíZ-nÌ H$m {dVaU nydm©• _|
10.15 ~Oo {H$`m OmEJmŸ& 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-nÌ H$mo n‹T>|Jo Am¡a Bg
Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|JoŸ&
• Please check that this question paper contains 16 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 30 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.
AW©emñÌ
ECONOMICS
{ZYm©[aV g_` … 3 KÊQ>o ] [ A{YH$V_ A§H$ … 100
Time allowed : 3 hours ] [ Maximum marks : 100
{ZX}e…
1. XmoZm| I§S>m| Ho$ g^r àíZ A{Zdm`© h¢Ÿ&
[P.T.O.
2. àíZm| Ho$ A§H$ àË`oH$ àíZ Ho$ gm_Zo {XE JE h¢Ÿ&
3. àíZ g§. 1-5 Am¡a 16-20 A{VbKyÎma àíZ h¢Ÿ& àË`oH$ Ho$ {bE 1 A§H$
{ZYm©[aV h¡& àË`oH$ H$m CÎma EH$ dmŠ` _| hmo &
4. àíZ g§. 6-8 Am¡a 21-23 bKyÎma àíZ h¢ {OZ_| àË`oH$ Ho$ {bE 3 A§H$
{ZYm©[aV h¢Ÿ& gm_mÝ`V`m àË`oH$ H$m CÎma 60 eãXm| go A{YH$ Z hmoŸ&
5. àíZ g§. 9-11 Am¡a 24-26 ^r bKyÎma àíZ h¢ {OZ_| àË`oH$ Ho$ {bE
4 A§H$ {ZYm©[aV h¢Ÿ& àË`oH$ H$m CÎma gm_mÝ`V`m 70 eãXm| go A{YH$ Z hmoŸ&
6. àíZ g§. 12-15 Am¡a 27-30 XrK©CÎma àíZ h¢ Am¡a CZ_| àË`oH$ Ho$ {bE
6 A§H$ {ZYm©[aV h¢& CZ_| àË`oH$ H$m CÎma gm_mÝ`V`m 100 eãXm| go A{YH$
Z hmoŸ&
7. CÎma g§{já Am¡a {df`mZwê$n hmo VWm `Wmg§^d CÎmam| Ho$ {bE {ZYm©[aV
eãX-gr_m H$m Amdí`H$ ê$n go nmbZ {H$`m Om`oŸ&
Instructions :
1. All questions in both the sections are compulsory.
2. Marks for questions are indicated against each question.
3. Question No. 1-5 and 16-20 are very short answer questions
carrying 1 mark each. They are required to be answered in
one sentence.
4. Question No. 6-8 and 21-23 are short answer questions
carrying 3 marks each. Answers to them should not normally
exceed 60 words each.
58/1/2 2
5. Question No. 9-11 and 24-26 are also short answer
questions carrying 4 marks each. Answers to them should not
normally exceed 70 words each.
6. Question No. 12-15 and 27-30 are long answer questions
carrying 6 marks each. Answers to them should not normally
exceed 100 words each.
7. Answer should be brief and to the point and the above word
limit be adhered to as far as possible.
I§S> A
SECTION A
1. EH$ \$_© Ho$ CËnmX H$s H$s_V Am¡a _m±J Ho$ ~rM {dnarV g§~§Y hmoVm h¡ : (ghr
{dH$ën Mw{ZE) 1
(a) Ho$db EH$m{YH$ma _|
(b) Ho$db EH$m{YH$m[aH$ à{V`mo{JVm _|
(c) EH$m{YH$ma Am¡a EH$m{YH$m[aH$ à{V`mo{JVm XmoZm| _|
(d) Ho$db nyU© à{V`mo{JVm _|
There is inverse relation between price and demand for the product
of a firm under : (choose the correct alternative)
(a) Monopoly only
(b) Monopolistic competition only
(c) Both under monopoly and monopolistic competition
(d) Perfect competition only
58/1/2 3 [P.T.O.
2. "g_mZwËnmX' BgH$s {deofVm h¡ : (ghr {dH$ën Mw{ZE) 1
(a) Ho$db nyU© à{V`mo{JVm
(b) Ho$db nyU© Aënm{YH$ma
(c) (a) Am¡a (b) XmoZm|
(d) CnamoŠV _| H$moB© Zht
‘Homogenous products’ is a characteristic of : (choose the correct
alternative)
(a) Perfect competition only
(b) Perfect oligopoly only
(c) Both (a) and (b)
(d) None of the above
3. _mZ br{OE {H$ EH$ dñVw H$s A{YH$m{YH$ BH$mB`m± ~oMZo na Hw$b gåàm{ßV
(AmJ_) pñWa Xa go ~‹T> Vr ahVr h¡& Eogr pñW{V _| gr_m±V gåàm{ßV : (ghr {dH$ën
Mw{ZE) 1
(a) Am¡gV gåàm{ßV go A{YH$ hmoJr
(b) Am¡gV gåàm{ßV Ho$ g_mZ hmoJr
(c) Am¡gV gåàm{ßV go H$_ hmoJr
(d) ~‹T> ahr hmoJr&
58/1/2 4
Suppose total revenue is rising at a constant rate as more and more
units of a commodity are sold, marginal revenue would be :
(choose the correct alternative)
(a) Greater than average revenue
(b) Equal to average revenue
(c) Less than average revenue
(d) Rising
4. Amny{V© _| "d¥{Õ' H$~ hmoVr h¡? 1
When does ‘increase’ in supply take place ?
5. O~ Am¡gV bmJV pñWa hmo Vmo gr_m±V bmJV Am¡a Am¡gV bmJV _| Š`m g§~§Y
hmoVm h¡? 1
What is the relation between marginal cost and average cost when
average cost is constant ?
6. A{YH$V_ H$s_V gr_m {ZYm©aU Š`m h¡? BgHo$ n[aUm_ g_PmBE?
AWdm
`{X ~mOma H$s_V g§VwbZ H$s_V go H$_ hmo Vmo BgHo$ H$maU hmoZo dmbo à^mdm| H$s
ûm§¥Ibm g_PmBE& 3
58/1/2 5 [P.T.O.
What is maximum price ceiling ? Explain its implications.
Or
Explain the chain effects, if the prevailing market price is below
the equilibrium price.
7. EH$ Cn^moº$m Ho$db Xmo dñVwAm| X Am¡a Y H$m Cn^moJ H$aVm h¡& `{X X Am¡a Y
H$s gr_m±V Cn`mo{JVm H«$_e: 4 Am¡a 5 hmo Am¡a X H$s H$s_V 5 é. à{V BH$mB© Am¡a
Y H$s 4 é. à{V BH$mB© hmo, Vmo Š`m Cn^moŠVm g§VwbZ _| h¡? CgH$s AmJo à{V{H«$`m
Š`m hmoJr? g_PmBEŸ& 3
A consumer consumes only two goods X and Y. If marginal
utilities of X and Y are 4 and 5 respectively, and if price of X is
Rs. 5 per unit and that of Y is Rs. 4 per unit, is the consumer in
equilibrium? What will be further reaction of the consumer?
Explain.
8. Xmo dñVwAm| X Am¡a Y H$s H$s_V-_m±J bmoM H«$_e: −2 Am¡a −3 h¡& BZ_| go
{H$gH$s H$s_V-_m±J bmoM A{YH$ h¡ Am¡a Š`m|? 3
Price elasticity of demand of good X is −2 and of good Y is −3.
Which of the two goods is more price elastic and why ?
9. EH$ dñVw H$s H$s_V ny{V© bmoM 2 h¡& EH$ CËnmXH$ 20 é. à{V BH$mB© H$s H$s_V
na 100 BH$mB© H$s Amny{V© H$aVm h¡& {H$g H$s_V na dh 80 BH$mB© H$s Amny{V©
H$aoJm? 4
58/1/2 6
Price elasticity of supply of a good is 2. A producer supplies 100
units of a good at a price of Rs. 20 per unit. At what price will he
supply 80 units.
10. Am` _| n[adV©Z Ho$ H$maU EH$ dñVw H$s _m±J na n‹S>Zo dmbo à^md g_PmBEŸ& 4
Explain the effects of change in income on demand for a good.
11. CËnmXZ \$bZ H$s n[a^mfm Xr{OEŸ& AënH$mbrZ Am¡a XrK©H$mbrZ CËnmXZ \$bZm|
Ho$ ~rM ^oX H$s{OE&
AWdm
bmJV H$s n[a^mfm Xr{OE& AMb Am¡a n[adVu bmJVm| Ho$ ~rM ^oX H$s{OE& àË`oH$
H$m EH$-EH$ CXmhaU Xr{OE& 4
Define production function. Distinguish between short run and long
run production functions.
Or
Define cost. Distinguish between fixed and variable costs. Give one
example of each.
12. EH$ nyU© à{V`moJr ~mOma _| {ZåZ{b{IV Ho$ n[aUm_ g_PmBE : 6
(a) H«o$VmAm| H$s ~‹S>r g§»`m
(b) \$_m] H$mo àdoe Am¡a {ZH$mgr H$s ñdV§ÌVm
58/1/2 7 [P.T.O.
AWdm
EH$ Aënm{YH$ma ~mOma _| {ZåZ{b{IV Ho$ n[aUm_ g_PmBEŸ…
(a) \$_m] H$s nañna {Z^©aVm
(b) J¡a-H$s_V à{V`mo{JVm
Explain the implications of the following in a perfectly
competitive market :
(a) Large number of buyers
(b) Freedom of entry and exit to firms
OR
Explain the implications of the following in an oligopoly
market :
(a) Inter-dependence between firms
(b) Non-price competition
13. ""Amny{V© _mÌm _| n[adV©Z'' Am¡a ""Amny{V© _| n[adV©Z'' Ho$ ~rM A§Va g_PmBE&
aoIm{MÌ H$m à`moJ H$s{OE& 6
Explain the distinction betwen “change in quantity supplied” and
“change in supply”. Use diagram.
ZmoQ> … Ho$db Ñ{ï> ~m{YV narjm{W©`m| Ho$ {bE àíZ g§»`m 13 Ho$ ñWmZ na&
""Amny{V© _mÌm _| n[adV©Z'' Am¡a ""Amny{V© _| n[adV©Z'' Ho$ ~rM A§Va g_PmBE&
Vm{bH$m H$m à`moJ H$s{OE&
58/1/2 8
Note : For blind candidates in lieu of Q. No. 13.
Explain the distinction between “change in quantity supplied” and
“change in supply”. Use schedule.
14. AZ{Y_mZ dH«$ {díbofU _| Cn^moŠVm g§VwbZ H$s eV] g_PmBE& 6
Explain the conditions of consumer’s equilibrium using
indifference curve analysis.
15. `h _mZ H$a {H$ H$moB© ^r g§gmYZ g^r dñVwAm| Ho$ CËnmXZ _| EH$ g_mZ Xj Zht
hmoVm, Cg dH«$ H$m Zm_ ~VmBE Omo AW©ì`dñWm H$s CËnmXZ j_Vm H$mo {XImVm h¡&
H$maU ~VmVo hþE BgH$s {deofVmE± ~VmBEŸ& 6
Assuming that no resource is equally efficient in production of all
goods, name the curve which shows production potential of the
economy. Explain, giving reasons, its properties.
I§S> ~
SECTION B
16. AÝ` {dXoer {d{Z_` boZXoZm| na {Z^©a {dXoer {d{Z_` boZXoZ `h H$hbmVo h¢ :
(ghr {dH$ën Mw{ZE) 1
(a) Mmby boZ-XoZ
(b) ny±OrJV boZ-XoZ
(c) ñdV§Ì boZ-XoZ
(d) g_m`moOZ hoVw boZ-XoZ
58/1/2 9 [P.T.O.
Foreign exchange transactions dependent on other foreign
exchange transactions are called : (choose the correct alternative)
(a) Current account transactions
(b) Capital account transactions
(c) Autonomous transactions
(d) Accommodating transaction
17. amOH$mofr` KmQ>m BgHo$ g_mZ hmoVm h¡Ÿ… (ghr {dH$ën Mw{ZE) 1
(a) ã`mO ^wJVmZ
(b) G$U
(c) ã`mO ^wJVmZ KQ>m G$U
(d) G$U KQ>m ã`mO ^wJVmZ
Fiscal deficit equals : (choose the correct alternative)
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowings
(d) Borrowings less interest payments
18. AMb ny±OrJV n[agån{Îm`m| Ho$ _yë`õmg go A{^àm` `h h¡ : (ghr {dH$ën Mw{ZE) 1
(a) Ho$db gm_mÝ` {KgmB©
(b) Ho$db àË`m{eV AàMbZ
(c) gm_mÝ` {KgmB© Am¡a àË`m{eV AàMbZ
(d) Ho$db AàË`m{eV AàMbZ
58/1/2 10
Depreciation of fixed capital assets refers to : (choose the correct
alternative)
(a) Normal wear and tear
(b) Foreseen obsolescence
(c) Normal wear and tear and foreseen obsolescence
(d) Unforeseen obsolescence
19. gaH$mar ~OQ> _| amOñd àm{ßV go Š`m A{^àm` h¡? 1
What are revenue receipts in a government budget ?
20. ñQ>m°H$ H$s n[a^mfm Xr{OE& 1
Define stocks.
21 . _mZ br{OE gr_m±V Cn^moJ àd¥{Îm 0.8 h¡& {Zdoe _| {H$VZr d¥{Õ H$s
Amdí`H$Vm n‹S>oJr Vm{H$ amï´>r` Am` _| 2000 H$amo‹S> é. H$s d¥{Õ hmo gHo$?
n[aH$bZ H$s{OEŸ& 3
Suppose marginal propensity to consume is 0.8. How much
increase in investment is required to increase national income by
Rs. 2000 crore ? Calculate.
58/1/2 11 [P.T.O.
22. ~mOma H$s_V na {Zdb _yë` d¥{Õ kmV H$s{OE :
(bmI é.)
(i) 5 df© Ho$ OrdZ H$mb H$s pñWa ny±OrJV dñVwE± 15
(ii) H$ÀMm _mb 6
(iii) {~H«$s 25
(iv) ñQ>m°H$ _| {Zdb d¥{Õ (−) 2
(v) CËnmXZ na H$a 1 3
Find net value added at market price :
(Rs. lacs)
(i) Fixed capital good with a life span of 5 years 15
(ii) Raw materials 6
(iii) Sales 25
(iv) Net change in stock (−) 2
(v) Taxes on production 1
23. gr_m±V Cn^moJ àd¥{Îm Am¡a Am¡gV Cn^moJ àd¥{Îm _| ^oX H$s{OE& EH$ gm§p»`H$s`
CXmhaU Xr{OE&
AWdm
A{Y_m±J H$mo H$_ H$aZo _| H$amYmZ H$s ^y{_H$m g_PmBE& 3
Distinguish between marginal propensity to consume and average
propensity to consume. Give a numerical example.
58/1/2 12
Or
Explain the role of taxation in reducing excess demand.
24. g_PmBE "~¢H$ Xa' G$U g¥OZ na {Z`§ÌU aIZo _| H¡$go ghm`H$ hmoVr h¡? 4
Explain how ‘bank rate’ is helpful in controlling credit creation?
25. Am_ OZVm Ho$ ~rM `moJmä`mg bmoH${à` H$aZo Ho$ {bE gaH$ma IMm© H$aVr
h¡& BgH$m gH$b Kaoby CËnmX Am¡a H$ë`mU na hmoZo dmbo à^mdm| H$m {díbofU
H$s{OE& 4
Government incurs expenditure to popularize yoga among the
masses. Analyse its impact on gross domestic product and welfare
of the people.
26. _wÐm H$m "_yë` g§M`' H$m`© g_PmBE& dñVw {d{Z_` Ho$ H$maU CËnÞ g§~§{YV
g_ñ`m Bggo H¡$go Xÿa hþB©Ÿ?
AWdm
_wÐm H$m "boIm H$s BH$mB©' H$m`© g_PmBE& dñVw {d{Z_` Ho$ H$maU CËnÞ g§~§{YV
g_ñ`m Bggo H¡$go Xÿa hþB©Ÿ? 4
Explain the ‘store of value’ function of money. How has it solved
the related problem created by barter ?
Or
Explain the ‘unit of account’ function of money. How has it solved
the related problem created by barter ?
58/1/2 13 [P.T.O.
27. "H$maH$ bmJV na {Zdb Kaoby CËnmX' Am¡a "d¡`{ŠVH$ Am`' kmV H$s{OE :
(H$amo‹S> é.)
(i) {H$am`m 200
(ii) {dXoem| H$mo {Zdb Mmby hñVm§VaU 10
(iii) amï´>r` G$U na ã`mO 60
(iv) {ZJ_ H$a 100
(v) H$_©Mm[a`m| H$m nm[al{_H$ 900
(vi) gaH$ma Ûmam Mmby hñVm§VaU 150
(vii) ã`mO 400
(viii) A{dV[aV bm^ 50
(ix) bm^m±e 250
(x) {dXoem| H$mo {Zdb H$maH$ Am` ^wJVmZ (−)10
(xi) gaH$ma H$mo hmoZo dmbr Am` 120 4, 2
Find net domestic product at factor cost and personal income :
(Rs. crores)
(i) Rent 200
(ii) Net current transfers to abroad 10
(iii) National debt interest 60
(iv) Corporate tax 100
(v) Compensation of employees 900
(vi) Current transfers by government 150
(vii) Interest 400
(viii) Undistributed profits 50
(ix) Dividend 250
(x) Net factor income to abroad (−) 10
(xi) Income accruing to government 120
58/1/2 14
28. (a) ^wJVmZ g§VwbZ boIm Ho$ {H$g CnboIm _| Am¡a {H$g nj na ^maV _| {H$`m
J`m {dXoer {Zdoe XO© {H$`m OmEJmŸ? H$maU Xr{OE&
(b) ^maV _| {dXoer {Zdoe H$m {d{Z_` Xa na Š`m à^md n‹S>oJmŸ? g_PmBEŸ& 3, 3
(a) In which sub-account and on which side of balance of
payments account will foreign investments in India be
recorded ? Give reasons.
(b) What will be the effect of foreign investments in India on
exchange rate ? Explain.
29. Cn^moJ dH«$ go ~MV dH«$ àmá H$s{OE Am¡a Bg à{H«$`m _| {bE OmZo dmbo MaU
~VmBE& aoIm{MÌ H$m à`moJ H$s{OE& 6
Given consumption curve, derive saving curve and state the steps
taken in the process of derivation. Use diagram.
ZmoQ> … Ho$db Ñ{ï>hrZ {dÚm{W©`m| Ho$ {bE àíZ g§»`m 29 Ho$ ñWmZ na&
Cn^moJ \$bZ Ho$ KQ>H$ g_PmBE& Cn^moJ \$bZ go ~MV \$bZ àmá H$s{OE&
Note : For Blind Candidates in lieu of Q. No. 29.
Explain the components of consumption function. Derive saving
function from consumption function.
58/1/2 15 [P.T.O.
30. gaH$mar ~OQ> Š`m h¡? g_PmBE H$a Am¡a Am{W©H$ ghm`Vm H$m g§gmYZm| Ho$ {dVaU
na à^md S>mbZo Ho$ {bE H¡$go à`moJ {H$`m Om gH$Vm h¡&
AWdm
gaH$mar ~OQ> _| amOñd àm{ßV go Š`m A{^àm` h¡& g_PmBE {H$ gaH$mar ~OQ> H$m
AW©ì`dñWm _| H$s_V pñWaVm bmZo _| {H$g àH$ma à`moJ {H$`m Om gH$Vm h¡& 6
What is government budget ? Explain how taxes and subsidies can
be used to influence allocation of resources.
Or
Define revenue receipts in a government budget. Explain how
government budget can be used to bring in price stability in the
economy.
58/1/2 16
