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
BEQM previous year question papers on BRpaper help students looking for Business Economics and Quantitative Methods -II under Punjab School Education Board Class 12 find subject-wise old papers in one place. This section is designed for quick revision, exam practice, and understanding how questions are usually framed in this subject. Students can browse PSEB 12th Class Question Papers for BEQM to review question style, topic focus, and paper pattern where available. It is useful for comparing past papers, checking commonly repeated areas, and preparing more confidently for exams. BRpaper is not the official website of Punjab School Education Board or any institution, and it does not publish official notices or academic updates.
PART-I
BUSINESS STATISTICS
UNIT 1. MEASURES OF CENTRAL TENDENCY
(i) Arithmetic Mean (Simple and weighted)
(ii) Median and Mode
UNIT 2. MEASURES OF DISPERSION AND SKEWNESS
A. Measures of Dispersion
i. Range, Quartile, Decile, Percentile and Quartile Deviation.
ii. Mean Deviation, Standard Deviation and Coefficient of Variation.
B. Measures of Skewness
(i) Meaning of Measures of Skewness.
(ii) Difference between Dispersion &Skewness.
(iii) Measures of Skewness.
a) Absolute Measures
b) Relative Measures & Coefficient of Skewness
(i) Bowley's Coefficient of Skewness
(ii) Kelly's Coefficient of Skewness
(iii) Karl Pearson's Cofficient of Skewness
UNIT 3. INDEX NUMBER
(i) Meaning, Features, Uses and Problems of Construction of Index Number.
(ii) Methods of Construction of Index Number, Cost of Living Index Numbers,Choice of base for Computing Index Numbers, Base Shifting.
UNIT 4. CORRELATION & REGRESSION ANALYSIS
A CORRELATION
(i) Meaning, Significance, Cause and Effect Relationship.
Types of Correlation.
(ii) Methods of Correlation:
a) Scattered Diagram,
b) Graphic Method
c) Karl Pearson's Coefficient of Correlation,
d) Spearman's Rank Correlation Coefficient
e) Concurrent Deviation Method.
(iii) Probable error, Standard error and Coefficient of Determination.
B) REGRESSION ANALYSIS
(i) Meaning, Uses of Regression Analysis, Relationship
between Correlation and Regression analysis
(ii) Regression Lines
(iii) Preparation of Regression quotient
(iv) Standard errors of estimation and Limitation of Regression
analysis.
PART-II
INTRODUCTORY MACROECONOMICS
UNIT 5. NATIONAL INCOME AND RELATED AGGREGATES.
(i) Basic Concepts: Consumption Goods, Capital Goods, Final Goods, Intermediate Goods; Stocks and flows; Gross Investment and Depreciation.
(ii) Circular Flow of Income, Measurement of National IncomeValue Added Method, Income Method and Expenditure Method.
(iii) Aggregates related to National Income GDP (Gross Domestic Product), GNP (Gross National Product), NDP (Net Domestic Product) , NNP (Net National Product) , (At Market Price and Factor Cost) National Disposable Income (Gross and Net) Private Income, Personal Income and Personal Disposable Income, Real and Nominal GDP.
(iv) GDP and Welfare
UNIT 6 DETERMINATION OF INCOME AND EMPLOYMENT.
(i) Aggregate Demand, Aggregate Supply and their Components.
(ii) Propensity to Consume and Propensity to Save (Average and Marginal)
(iii) Meaning of Involuntary Unemployment and Full Employment.
(iv) Determination of Income and Employment-Two Sector Model.
(v) Concept of Investment Multiplier and its working.
(vi) Problems of Excess and Deficient Demand.
(vii) Measures to correct Excess & Deficient Demand,
Availability of Credit, Change in Govt. spending.
UNIT 7 MONEY AND BANKING
(i) Money- Meaning, Evolution and Functions.
(ii) Supply of Money - Currency held by the Public and Net Demand Deposits held by Commercial Banks.
(iii) Central Bank- Meaning and Functions (example of Reserve Bank of India) : Bank of Issue, Government Bank, Bankers Banks, Controller of Credit CRR, SLR, Reverse Repo, Open Marker Operation, Margin Requirement.
(iv) Commercial Banks- Meaning and Functions.
Unit 8 GOVERNMENT BUDGET AND THE ECONOMY
(i) Government Budget- Meaning, Components and Objectives.
(ii) Classification of Receipts- Revenue Receipts and Capital Receipts.
(iii) Classification of Expenditure-Revenue Expenditure and Capital Expenditure.
(iv) Balanced Budget-Surplus Budget and Deficit Budget; Meaning and Implications.
(v) Revenue Deficit, Fiscal Deficit and Primary Deficit; Meaning and Implications; Measures to correct different Deficits.
Unit-9 BALANCE OF PAYMENTS
(i) Balance of Payment Accounts-Meaning and Components.
(ii) Balance of Payments Deficit -- Meaning.
(iii) Foreign Exchange Rate- Meaning (Flexible and Fixed), Merits
and Demerits, Determination through Demand and Supply.
(iv) Determination of Exchange Rate in a Free Market
Solved Questions
Solved-
(a) Median divides the series into ...............;. parts.
(b) What is the value of perfect correlation?
(i) -3 or 3 (ii) 0 (iii) 0 or 1 (iv) -1 or 1
(c) What is gross domestic product at market price?
(d) Money has general acceptability by govt so it is caled
(i) Currency (ii) Legal tender money
(iii) Fiat money (iv) All
(e) The exchange value of money between two countries is called
(i) Cunencyrate (iii) Foreign exchange rate
(ii) Exchangepolicy (iv) Foreignpolicy.
Very Short Answer Mar-2017 • PSEB Class 12th1.(a) 2 Parts
(b) 0 or 1
(c) This is a gross concept. It means it included depreciation.
(d) Fiat Money
(e) Foreign Exchange rate
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Write the rnerits of arithmetic mean
Short Answer Mar-2017 • PSEB Class 12thAmong the various measure of the central tendency the most widely used measure is arithmetic average. It is also known as mean.
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Explain the characteristics of coefficient of skewness as given by Bowley
Short Answer Mar-2017 • PSEB Class 12thThe value of Bowley's coefficient of skewness lies between -1 or +1
If Q3-M
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Mar 2017
Explain the characteristics of coefficient of skewness as given by Cayley.
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What are the characteristics of index number ?
Short Answer Mar-2017 • PSEB Class 12thStudy of a variable or a group a variable: Index number study the change in the magnitude of a variable or a group of the related variable.
Basis of comparison: The change in price in level various commodity can be ascertained with the help of index number.
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Write the objectives of regression analysis.
Short Answer Mar-2017 • PSEB Class 12thPartial regression analysis: In the case of Partial regression analysis, one variable is depended variable and one other variable is an independent variable.
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Explain circular flow of income.in two sector economy without saving,
Short Answer Mar-2017 • PSEB Class 12th-
Mar 2017
Explain circular flow of income.in two-sector economy without saving,
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Explain circular flow of income.in two-sector economy without saving,
Short Answer Mar-2017 • PSEB Class 12thInvoluntary unemployment: Such a situation in which an able person is ready to work at the wage rate prevailing in the market but he does not get work is known as involuntary unemployment.
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Mar 2017
Explain circular flow of income.in two sector economy without saving,
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What is Bankrate?
Short Answer Mar-2017 • PSEB Class 12thBank rate: Bank rate is the rate charged by the central bank for leading funds to commercial bank.
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Calculate coefficient of skewness by Karl-Pearson's method:
Income: 5 10 15 20 25 30 35 40 No of Labourers 26 29 40 35 26 18 14 12 Long Answer Mar-2017 • PSEB Class 12thdx=x-A
x f a=15 fdx dx2 fdx2 5 26 -10 -260 100 2600 10 29 -5 -145 25 725 15 40 0 0 0 0 20 35 5 175 25 875 25 26 10 260 100 2600 30 18 15 270 225 4050 35 14 20 280 400 5600 40 12 25 300 625 7500 200 880 23950 sol: (ar {X}=A+{Sigma fdxover N })
(15+{880over200})
15+4.4=19.4
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Mar 2017
Clculate coefficient of skewness by Karl-Pearson's methord from the following data;
\r\n\r\n\r\n \r\n
\r\n\r\n\r\n \r\nIncome \r\n10 \r\n20 \r\n30 \r\n40 \r\n50 \r\n60 \r\n70 \r\n\r\n \r\n \r\nNo of labourers \r\n25 \r\n55 \r\n85 \r\n65 \r\n40 \r\n20 \r\n10 \r\n
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Calucalate Index number by simple aggregative methord and simple average of price relative.
Commodities Price 2012 Price 2015 A 152 193 B 110 195 C 130 175 D 250 650 E 80 50 Long Answer Mar-2017 • PSEB Class 12thComm p0 p1 A 152 193 B 110 95 C 130 175 D 250 650 E 80 50 722 1163 Sol: P01(={EP_1over EP_0}*100={1163 over722}*100)
=1.6100*100
= 161.08
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Mar 2017
Calcuclate index number by simple aggregative methord and simple aveage of price relative from the following data
\r\n\r\n\r\n \r\n
\r\n\r\n\r\n \r\nCommodities \r\nPrice 2012 \r\nPrice 2015 \r\n\r\n \r\nA \r\n345 \r\n370 \r\n\r\n \r\nB \r\n310 \r\n340 \r\n\r\n \r\nC \r\n415 \r\n460 \r\n\r\n \r\nD \r\n380 \r\n420 \r\n\r\n \r\nE \r\n240 \r\n270 \r\n\r\n \r\n \r\n
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Find regression equation Y on X from the following data:
X 6 2 10 4 8
Y 9 11 5 8 7
Long Answer Mar-2017 • PSEB Class 12thX Y (Y=11.9-0.65x) (y)-(hat{y}) ((y-hat{y}))2 6 9 11.9-(0.65*6)=8 1 1 2 11 11.9(0.65*2)=10.6 0.4 0.16 10 5 11.9(0.65*10)=5.4 -0.4 0.16 4 8 11.9(0.65*4)=9.3 -1.3 1.69 8 7 11.9(0.65*8)=6.7 0.3 0.09 (E(y-hat{y})=3.1) Sol: y on x (sqrt Sigma{y-hat{y}} over{n} )(sqrt {3.1over 5} = sqrt {0.62} ) =0.79
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Mar 2017
Find regression equation Y on X from the following data.
\r\n\r\nX 8 4 10 7 6
\r\n\r\nY 12 10 14 8 6
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Calculate from the following data :
(a) Gross national prodrlct at market price and
(b) Net national product at market price
(i) Private consumption expenditure = 1,00,000
(ii) Govt. consumption expenditure = 12,500
(iii) Gross capital formation = 2,500
(iv) Exports = 6,000 (v) Imports = 9,000
(vi) Net factor income from abroad = 750
(vii) Depreciation = 40
Long Answer Mar-2017 • PSEB Class 12thGDP=Govt Cons Exp + Private final consumption +Fixed capital formation + Net expart (impart- export)
= 100000+1250+2500+(9000+6000)
= 117650
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Mar 2017
Calculate from the following data:
\r\n\r\n(a) Gross national product at market price
\r\n\r\n(b) Net national product at market price
\r\n\r\n(i) Pgivate consumption expenditure = 2,40,000
\r\n\r\n(ii) Govt. consumption expenditure = 37,000
\r\n\r\n(iii) Gross capital formation = 14,500
\r\n\r\n(iv) Exports = 19,000
\r\n\r\n(v) Imports = 23,500
\r\n\r\n(vi) Net factor income from abroad = 750
\r\n\r\n(vii) Depreciation = 300
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what is average propensity to consume ? Explain with diagram.
Long Answer Mar-2017 • PSEB Class 12thAverage propensity to consume hel[p to explain various aspects of consumption and income at various level of income. APC is a ratio of total consumption total income
(APC={Total Cosumptionover Total Income } )
(APC={Cover Y})
Income Consumption APC 50 40 40/50=0.8 100 60 60/100=0.6 -
Mar 2017
what is average propensity to save ? Exprain with diagram
\r\n\r\n
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What are the primary functions of money ?
Long Answer Mar-2017 • PSEB Class 12thCommercial bank accepts the saving of their customer in the form of deposit. people deposit their money with a Commercial bank on the basis of their convenience and economic condition. In order to attract customer Commercial bank keep the deposit of people in the various type of deposit account.
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what is the difference between revenue receipt and capital receipt ?
Long Answer Mar-2017 • PSEB Class 12thRevenue Receipt Capital Receipt Revenue expenditure does not generate any asset for government.
Revenue expenditure does not reduce any liability of government.
Capital expenditure generates any asset for government.
Capital expenditure reduce any liability of government.
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What is the difference between balance of payment and balance of trade ?
Long Answer Mar-2017 • PSEB Class 12thBalance of payment Balance of tracle The concept of Balance of payment is wider than The concept balance of tracle.
The concept of Balance of payment is more important than The concept balance of tracle.
Balance of tracle is part of Balance of payment
Balance of tracle provide complete knowledge in the regard
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Calculate standard deviation and mean from the following data.:
Size: 0-4 4-8 8:-12 t2-16 16-20 20-24 24-28 No. of farms : 4 20 10 5 4 3 2 Long Answer Mar-2017 • PSEB Class 12thCI F X Fx x=10.166 X2 Fx2 0-4 4 2 8 -8.166 66.6835 266.734 4-8 20 6 120 -4.166 17.355 347.1 8-12 10 10 100 -0.166 0.2755 2.755 12-16 5 14 70 3.834 14.6995 73.4975 16-20 4 18 72 7.834 61.371 245.484 20-24 3 22 66 11.834 140.043 420.129 24-28 2 26 52 15.834 250.715 501.43 48 488 551.425 1857.1295 Sol:(hat X {EFXover{FF}}={488over 48}=10.166)
(sigma = sqrt {EFXover {N} }=sqrt{1857.1295over48}=sqrt38.69019)
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How will you measure national income by product method ?
or
What is govt. budget ? What are its objectives ?
Long Answer Mar-2017 • PSEB Class 12thThe account related to the revenue and expenditure of the government during a specific and financial is known as budget.
Objectives Of budget
Budget is not only a statement of revenue and expenditure of the government rather it is an important tool for achieving the objectives of the economic policy of the country.
Reallocation of resource: Budget of governement is mean of of realloctaion of resource with the help of budget govt. may restrt to allocation of imited resorces in various uses on the basis of its ecnomics social and poitical policy
Ecnomic stability One of the main objective of the Buje of government is the achve regulates the trade cycle
Management f Public Enterprices : Government Manage its commercial enterprices also with the help of Budget
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Mar 2017
How will you measure nationar income by expendifi,e method ?
\r\n\r\nor
\r\n\r\nwhat is deficit budget ? what are the measures to reduce the budget deficit ?
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Answers about this subject, solved papers, and preparation.
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