KENDRIYA VIDYALAYA SECL JHAGRAKHAND

MONTHLY TEST (APRIL) 2021-2022

CLASS-XII SUB-ECONOMICS
TIME-1.30 HOURS MM-40
General instructions-

1. All questions are compulsory.

2. Marks related to each questions are indicated against it.
3. Question no.1 to 10 are very short questions.They are required to be answer in one or two
sentences.
4. Question no.11- 15 are SA1 types questions .Answer should not exceed 60 words.
5. Question no. 16 and17 are SA2 types questions.Answer should not exceed 70 words.

6.Question no. 18 - 20are long answer types questions,write answer as required.

Q1.Define Macro-economics. 1

Q2.What is GDP? 1

Q3.What do you mean by final Goods? 1

Q4.Give two example of Durable consumer Goods. 1

Q5. What is meant by transfers income? 1

Q6. Define “Depreciation’ OR ‘Consumption of fixed capital. 1

Q7.Which aggregate of National income is known as Domestic income? 1

Q 8. NNPat fc = GNPat mp -------------------------- 1

Q9. GDPat mp =NNPat fc---------------------------------- 1

Q10. Russian Embassy in India, belongs to which Domestic territory? 1

Q11.What is meant by Real GDP and Nominal GDP? Which one is better indicator? 2

Q12.What is Externalities? Give one example of each Negative and Positive Externalities. 2

Q13.What do you mean by “circular flow of income”? 2

Q14.Distinguish between Microeconomics and Macroeconomics. 2

Q15.Define the “Net factor income from abroad”(NFIA) and NIT . 2

Q16.What are the difference between citizenship and Residentship? 3

Q17.Explain the concepts of “Domestic territory” 3

Q18.Explain the components of “Income Method” to calculate National income. 4

Q19.Calculate NDP at fc 4

Items Rs (in crores)

1.Subsidies 1
2.Sales 100
3.Closing stock 10
4.Indirect taxes 5
5.Intermediate consumption 30
6.Opening stock 20
7.Depreciation 15

Q20.Calculate National income by Income and Expenditure method- 6

Particulars Rs( in crores)

1.Government final consumption expenditure 50
2.Rent 150
3.Opening stock 20
4.Interest 80
5.Profit 70
6.Private final consumption expenditure 480
7.Gross fixed capital formation 90
8.Closing stock 35
9.Net export (-5)
10.Net indirect tax 60
11.Compensation of employees 200
12.Consumption of fixed capital 20
13.Mixed income of self employed 50
14.Net factor income from abroad 20