Q6 Explain with the help of a diagram the effect of a fall in price on it’s substitutes
LONG ANSWER TYPE QUESTIONS.( 6 MARKS) Q1 Differentiate between change in demand and change in quantity demanded.
Q2 Explain any three factors affecting demand of a commodity.
Q3 Give reasons why the demand curve slopes downwards.
Q4 Explain with the help of diagrams the effect of following changes on demand
Of a commodity.
Fall in the price of substitute goods.
Fall in income of buyers
An unfavorable change in the taste of buyers.
Rise in price of related goods.
Q5. Explain the law of diminishing marginal utility with the help of utility schedule. (3/4 marks)
Q6. State three properties of indifference curves. (3/4 marks)
Q7. What are the factors determining price elasticity of demand? (6 marks)
Q8 Explain the conditions of consumer’s equilibrium in case of (i) Single commodity (ii) two
commodities . Use utility approach. (6 marks)
Q9 Using indifference curves approach explain the conditions of consumer’s equilibrium.
NUMERICALS Q1. The quantity demanded of a commodity at a price of Rs.8 per unit is 600 units. Its price falls by 25 per cent and quantity demanded rises by 120 units. Calculate price elasticity of demand. Is the demand elastic? Give reason for your answer. (4 marks)
Q2. The price of commodity is Rs.15 per unit and its quantity demanded is 500 units. Its quantity demanded rises by 80 units as a result of a fall in its price by 20 per cent. Calculate its price elasticity of demand. Is its demand inelastic? Give reason for your answer? (4 marks)
Q3. When the price of a commodity is Rs. 20 per unit, its quantity demanded is 800 units. When its price rises by Rs.5 per unit, its quantity demanded falls by 20 per cent. Calculate is price elasticity of demand. Is its demand elastic? Give reasons for your answer? (4 marks)
Q4 .When price of a good rises from Rs.5 per unit to Rs.6 per unit, its demand falls from 20 units to 10 units. Compare expenditure on the good to determine whether demand is elastic or inelastic. (3 marks)
Q5. When price of a good falls from Rs. 10 per unit to Rs. 9 per unit, its demand rises from 9 units to 10 units. Compare expenditures on the good to find the price elasticity of demand. (3 marks)
Q6. When price of a good falls from Rs.8 per unit to Rs.7 per unit, its demand rises from 12 units to 16 units. Compare expenditure on the good to determine whether demand is elastic or inelastic. (3 marks)
Q7 . Distinguish between a normal good and an inferior good. Give example in each case. (3 marks)
Q8. Explain the causes of a rightward shift in demand curve of a commodity of an individual consumer. (6 marks)
Q9. 8 unit of a good are demanded at a price of Rs.7 per unit. Price elasticity of demand is (-) 1. How many units will be demanded if the price rises to Rs.8 per unit? Use expenditure approach of price elasticity of demand to answer this question. (3 marks)
Q10. A consumer buys 10 units of a good at a price of Rs.6 per unit. Price elasticity of demand is (-) 1. At what price will he buy 12 units? Use expenditure approach of price elasticity of demand to answer this question. (3 marks)
Q11. Satish has Rs.88 with him. He intended to purchase good X and Y with his money. He market price of X and Y per unit is Rs.8. The marginal utility schedule of good X and Y is given below. Find out how many units of X and Y should Satish purchase so that he gets maximum satisfaction?
Units Of Commodity
Holiday home work--2013-14—XII—E & F SUBJECT : ACCOUNTANCY
Prepare Comprehensive Project as per the following guide lines:
Make Notes on :
Introduction to Accounting: Definition, Accounting process, Accounting Terms, Double entry system, Journal ,Ledger ,Trial Balance, Trading, Profit and loss Account and Balance Sheet.
Comprehensive Project ( The case study)
Steps in solving the problem.
Journal—format, date , narration , column heading are to be written.
Balance the ledger: Nominal account balances are to be transferred either to trading account or to profit and loss account as the case may be. Balance of Real account, Personal account and liabilities will be written as balance c/d.
Prepare Trial Balance.
Prepare Trading, Profit and loss account and Balance Sheet.
At the time of change in profit sharing ratio what is the journal entry for transferring loss on revaluation account when revised values are not to be recorded in the books.
Rahul, Vinayak and Mohit are partners in a firm. On 1st January, 2009 their fixed capital stood at Rs.50,000, Rs.25,000, Rs. 25,000 respectively. As per the provisions of the Partnership deed.C was entitled to a salary of Rs.1,500 per month.
Partners were entitled to Interest on Capital @ 5 % p.a.
Profits were to be distributed in the ratio of capitals.
The net profits for the year 2009 of Rs.45,000 was divided in 2:2:1 ratio without providing for the above terms. You are required to pass an adjustment journal entry to rectify the above error. Show your working clearly.
3. A and B are partners in a firm sharing profits and losses in the ratio of 3:1. On 1st April, 2007 their Balance sheet was as follows.
Workmen’s Compensation Fund
Profit & Loss A/c.
They admit C into partnership with 1/6th share of profits upon the following terms:
Goodwill is to be valued at one years purchase price of five years average profit which were
C agrees to contribute 1/4th of the combined capital of the new firm less Rs.3,000. This he
bring s in the form of Plant worth RS.40,000 and the remaining balance in Bank Draft.
Plant is to be written down to Rs.80,000 and Patents written up to Rs.12,000. A provision
of 2% on debtors is required. A liability of Rs.5,000 included in sundry creditors is not likely to arise.
Prepare Revaluation Account , Partners Capital Account and Balance Sheet.
4. The Balance Sheet of X and Y who share profits and losses in the ratio of 1:1 As on 31st March 2010 was:
Profit and Loss Account.
Cash At Bank
Cash in Hand\
Tangible fixed assets
They agreed to take Z as a partner with Rs.60,000 Capital for 1/5th share of profits. On that date revaluation profit was Rs.15,000. Give the necessary journal entry for treatment of goodwill.
SUBJECT : BUSINESS STUDIES
Prepare a Project file on any of the following topics:
Changes witnessed over the last few years on mode of packaging and its economic impact.
Principles of management. You are required to visit A departmental Store/ An industrial unit/ A fast food outlet and observe the application of
Fayol’s principles of management / technique of scientific management.
Presentation and submission of project:
There should be minimum 25 pages
The project should be handwritten
It should be presented in a neat folder according to the cbse guide lines.
For further clarification please visit cbse site :
Class XII : HISTORY Project work to be completed as discussed in the class .Strictly follow the CBSE guidelines .
Prepare well for the UT syllabus :-Chapter I, II, III
Class XII:PSYCHOLOGY Complete the worksheet given Chapter: II and III . Practical work on “Intelligence & Personality “