Solved question paper for BEQM Mar-2017 (PSEB Class 12th)

Solved Question Paper

BUSINESS ECONOMICS AND QUANTITATIVE METHODS -II Mar-2017

PSEB • Class 12th • 1st • Mar-2017

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Solved Questions

Solved
  1. (a) Deciles divide the series into..............parts.

    (b) What are the limits of r in corrslation ?

    (i) -1 and 1  (ii) -3 and 3  (iii) -1 and 0   (iv) 0 and 1

    (c) What is net domestic product at market price ?

    (d) Name the thing which is generally accepted as medium of exchange.

    (i) Metatr  (ii) Petrol  (iii) Money  (iv) Paper

    (e) If the value of visible exports are more than visible irnport, their balance of trade is called.

    (i) Unfavourable  (ii) InBalance  (iii) Favourable  (iv) Imbalance

    Very Short Answer Mar-2017 • PSEB Class 12th

    1(a) 4

    (b) 0 and 1

    (c) Net Domestic Product at Market Price is the difference between gross domestic product at market price and depreciation 

    (d) Money

    (e) Favourable

  2. Explain the characteristics of arithmetic mean.

    Short Answer Mar-2017 • PSEB Class 12th

    Simple Mean: When Equal importance given to all the value while calculating mean such a mean is called simple mean

    Weighted mean: When different wages are given to the different value of the serious is called weighted mean

  3. Explain the characteristics of coefficient of skewness as given by Cayley.

    Short Answer Mar-2017 • PSEB Class 12th
  4. Write the limitations of index number.

    Short Answer Mar-2017 • PSEB Class 12th

    Purpose of index number: Various type of index number serve a special purpose for which they have been construct 

    Selection of base period: Index number are constructed with refrence to some base period or base year.

  5. What is difference between correlation and regression ?

    Short Answer Mar-2017 • PSEB Class 12th

    Correlation : They are variable may be due to a pure chance 

    High degree of correlation between variable 

    Regulation : They are thearetical explation for the existance of correlation 

    Low degree of Regulation between variable.

  6. What is circular flow of income in four sector model ?

    Short Answer Mar-2017 • PSEB Class 12th

    Four Sector Model : Such a model of circular flow of sector household sector, govrnment sector and Rest of the world sector are included apart from financial sector is known as four model

  7. What is disguised unemployment ?

    Short Answer Mar-2017 • PSEB Class 12th

    Disguised unemployment: Disguised unemployment or hidden unemployment is a kind of unemployment where some people seem to be  employed but are actually not This type of usually occur when there is overemployment in a particular work. 

  8. What is statutory liquidity ratio ?

    Short Answer Mar-2017 • PSEB Class 12th

    Statutory liquidity ratio: The Indian Government term for the Reverse requirment that the commercial bank in indian are required to maintain in the form of cash gold reserved government approved securities before providing credit to the customer

  9. Calculate median from the following data.

    Marks: 15 20 25 30 35 40
    No of Students: 65 87 45 35 15 45

     

    Long Answer Mar-2017 • PSEB Class 12th
    x f cf
    15 35 35
    20 87 122
    25 15 137
    30 45 182
    35 65 247
    40 45 292
      292  


    M = (N + 1 over 2) = (292 + 1 over 2) = (293 over 2)  = 146.5 = 30 Answer

  10. Clculate coefficient of skewness by Karl-Pearson's methord from the following data;

    Income 10 20 30 40 50 60 70
    No of labourers 25 55 85 65 40 20 10

     

    Long Answer Mar-2017 • PSEB Class 12th
    x f dx=x-A fdx dx2 fdx2
    10 25 -20 -500 400 10,000
    20 55 -10 -550 100 5500
    30 85 0 0 0 0
    40 65 10 650 100 6500
    50 40 20 800 400 16000
    60 20 30 600 900 18000
    70 10 40 400 1600 16000
      300   1400   72000

    (ar{x} = A+{Sigma fdxover N} => 30 + {40over 300})

    => 30 + 4.667

    (ar{x} => 34.667)

    Z = 30

    ( = sqrt{{{ Sigma} fdx^2over N } - ({{ Sigma} fdxover N})^2 })

    ( = sqrt{{ 7200over 300 } - ({1400over 300})^2 })

    (sqrt {240 - 21.77})

     (= sqrt {2.23} = 1.493)

    skewness =  (ar{x} - z)

    34.667 - 30 = 4.667

    Coeff of sk = ({ ar{x} - zover sigma} = {34.667 - 30over 1.493} = {4.667 over 1.493} = 3.125)

    34.667 - 30 

     

  11. Calcuclate index number by simple aggregative methord and simple aveage of price relative from the following data

    Commodities Price 2012 Price 2015
    A 345 370
    310 340
    C 415 460
    D 380 420
    E 240 270
         

     

    Long Answer Mar-2017 • PSEB Class 12th
    Comm P0 P1
    A 345 370
    B 310 340
    C 415 460
    D 380 420
    E 240 270
      1690 1860

    P01 = ({EP_1 over EP_0} * 100 = {1860 over 1690 }*100 = 110. 059)

  12. Find regression equation Y on X from the following data.

    X    8   4   10   7  6

    Y   12  10  14  8  6

    Long Answer Mar-2017 • PSEB Class 12th
    X Y X2 Y2 XY
    8 12 64 144 96
    4 10 16 100 40
    10 14 100 196 40
    7 8 64 64 56
    6 6 36 36 36
    35 50 280 540 268

    X on Y

    X = a + bY

    b = bXY = (NSigma XY - Sigma X Sigma Yover N Sigma Y^2 - (Sigma V)^2)

    bXY = ({5 * 268 - 35 * 50 over 5*540 - (50)^2 } = {1340 - 1750 over 2700 - 250} = {-410 over 200} = -2.05 )

    a = (ar{x} - bar{y} = ar{x} = {Sigma x over N} = {35over 5} = 7 )

    (ar{Y} = {Sigma Y over N } = { 50 over 5} = 10 )

    a = 7 - (2.05 * 10) = 7 - 20.5 = -13.5

     

    Y on X

    Y = a' + b'X 

    b' = bxy  = (NSigma XY - Sigma X Sigma Yover N Sigma X^2 - (Sigma X)^2)

    ({5 * 268 - 35 * 50 over 5*280 - (35)^2 } = {1340 - 1750 over 1400 - 1225} = {-410 over 175} = -2.34 )

    a = 10- (-2.34 * 7)

    = 10 + 16.38 = -6.38 Answer

  13. Calculate from the following data:

    (a) Gross national product at market price  

    (b) Net national product at market price

    (i) Pgivate consumption expenditure  = 2,40,000

    (ii) Govt. consumption expenditure  = 37,000

    (iii) Gross capital formation   = 14,500

    (iv) Exports  = 19,000

    (v) Imports  = 23,500 

    (vi) Net factor income from abroad  = 750

    (vii) Depreciation  = 300

    Long Answer Mar-2017 • PSEB Class 12th

    GDPMP = Govt Cons exp + Private final consumption expenditure + fixed cap for + Increase in stock + Net Export 

    = 150 + 1200 + 250 + 40 + (-40)

    = 1640 - 40 = 1600 

     NDPMP  - GDPMP - Depreciation 

    = 1600 - 100 = 1500

  14. what is average propensity to save ? Exprain with diagram

     

    Long Answer Mar-2017 • PSEB Class 12th

    Average Propensity to Consume = Saving function explain the relationship between saving and income  in other word saving function depicts the level of saving at various level of income. It explain the saving level of income 

    Income Consumption  Saving APS
    (Y) (C) S= Y- C APS = S/Y
    50 40 10 10/50 = 0.2
    100 60 40 40/100 = 0.4

     

  15. Explain the contingency function of money.

    Long Answer Mar-2017 • PSEB Class 12th

    Contingent Function: The higher the level of economic development of the country, the more are the other function of money in the country the importance of these function of money increase with the increase in the rate of ecnomic development. David kinely has referred to these function of money as 'Contingent function'

  16. What is difference between developmental and non developmental expenditure ?

    Long Answer Mar-2017 • PSEB Class 12th

    Development Expenditure : The expenditure incurred by Government which promotes economics development social welfare of the country is known as development expenditure

    Non-Dvelopment Expenditure : The expenditure incurred by government to run the administration of country and to make transfer payments, is known as Non-Development Expenditure 

     

  17. What are the methods to rectify the disequilibrium of balance of payment ?

    Long Answer Mar-2017 • PSEB Class 12th

    Disquilibrium in BDP : There is Balance in Balance of payment when receipt and payment are equal to each other The difference between total recipt and total recipt and total payment i.e not balance is zero.

  18. Calculate standard deviation and mean from the folrowing data.

    Age  0-10 10-20 20-30 30-40 40-50 50-60
    No of Students: 12 10 20 22 18 12

     

    Long Answer Mar-2017 • PSEB Class 12th
    CI f x fx x=(cx-x) x2 fx2
    0-10 12 5 60 -26.382 695.90 8350.8
    10-20 10 15 150 -16.382 268.36 268.36
    20-30 20 25 500 -6.382 40.729 814.58
    30-40 22 35 770 3.618 13.089 287.95
    40-50 18 45 810 13.618 185.449 3338.08
    50-60 12 55 660 23.618 557.80 6693.6
      94   2950     22168.61

    (ar{x} = {Sigma fx over Sigma f} = {2950 over 94} = 31.382)

    (sigma = {sqrt Sigma over N } = { sqrt 2216.61 over 94 } = sqrt { 235.83} = 15.35)

    Coeff of (sigma = {sigma over ar{x}} = {15.35 over 31.382 } = 0.489)

    Cv = ({sigma over ar{x}} * 100 = {15.35 over 31.382 * 100} = 48.95)

  19. How will you measure nationar income by expendifi,e method ?

    or

    what is deficit budget ? what are the measures to reduce the budget deficit ?

    Long Answer Mar-2017 • PSEB Class 12th

    Deficit Budget = If expeclec revenue of government is less then expected expenditure of government in a budget then such a budget is known as deficit budget

    Measure to Countain defict = Government may borrow from the public of the country The loan taken by government from the public of the country is known as Market Loan

    Measure to contain Revenue Deficit = Revenue can be increassed by increassing revenue receipt can increased by increasing either tax reciept or non-tax receipt or Both 

    Measure to Contain Fisal Deficit = Under such a policy, government borrow from central bank on the basis of government securities or treasury bills and thus bridges its fiscal deficit.

    Measure to Contain Primary Deficit = Primary Deficit of government is an indicator of the need of government to borrow for its various function their interest payment on the loan taken in the past

     

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01 Are PSEB 12th BEQM previous year question papers available year-wise on this page?

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