Orchids The International School

Summer Worksheet (2024-25)

Class XII
Subject - Economics
Instructions M.M 30
1. The summer worksheet is mandatory for all.
2. it will be assessed as part of the internal assessment.
3. The summer worksheet should be done in the Economics Notebook.

Q1. In a single day Raju, the barber, collects Rs 500 from haircuts; over this
day, his equipment depreciates by Rs 50. Of the remaining Rs 450, Raju pays
sales tax worth Rs 30, takes home Rs 200, and retains Rs 220 for improvement
and buying of new equipment. He further pays Rs 20 as income tax from his
income. Based on this information, complete Raju’s contribution to the
following measures of income
(a) Gross Domestic Product
(b) NNP at market price

Q2. Calculate NNP at market price by production method and income

method.
S. No Contents Rs. (in crores)
1 Intermediate consumption
Primary sector 500
Secondary sector 400
Tertiary sector 300
2 Value of output of
Primary sector 1000
Secondary sector 900
Tertiary sector 700
3 Rent 10
4 Emoluments of employers 400
5 Mixed-Income 650
6 Operating surplus 300
7 Net factor income from -20
abroad
8 Interest 05
9 Consumption of fixed asset 40
 10 Net indirect tax 10

Q3. From the statements given in column I and Column II, choose the correct
pair
Column I Column II
A. Vegetables grown in the (i) Non-marketing Activities
personal garden
B. A car used as a taxi (ii) Consumer good
C. An air-conditioner used by (iii) Capital goods
the household
D. Scholarships given to (iv) Factor income
students by the government
Alternatives:
(a) A – (i) (c) C – (iii)
(b) B – (ii) (d) D – (iv)

Q4. Complete the Table:

Producer Value of output Intermediate Value Added
consumption
Farmer 2000 - 2000
Baker .... (i)…. 2000 2000
Retail Seller 4,400 ….(iii)…. 400
Total ....(ii)…. 6000 ….(iv)….
Alternatives:
(a) 4000, 10400, 4000, 4000 (c) 2000, 6000, 6000, 4000
(b) 4000, 10400, 4000, 4400 (d) 4000, 10400, 6000, 4000

Q5. Calculate the value of ‘Change in Stock’ from the following data:
S. No. Items Amount (in ₹
crores)
(i) Sales 400
(ii) Net Value Added at Factor Cost (NVAfc) 200
(iii) Subsidies 10
(iv) Change in stock ?
(v) Depreciation 40
(vi) Intermediate consumption 100

Q6. (a) Discuss briefly the three components of ‘Income from Property and
Entrepreneurship’.
(b) What are externalities? State its types with suitable examples.