(i) All questions in both sections are compulsory. However, there is internal choice in some questions.
(ii) Marks for questions are indicated against each question.
(iii) Question No.1-5 and 16-20 are very short answer questions carrying 1 mark each. They are required to be answered in one sentence.
(iv) Question No.6-8 and 21-23 are short answer questions carrying 3 marks each. Answers to them should not normally exceed 60 words each.
(v) Question No.9-11 and 24-26 are also short answer questions carrying 4 marks each. Answers to them should not normally exceed 70 words each.
(vi) Question No.12-15 and 27-30 are long answer questions carrying 6 marks each. Answers to them should not normally exceed 100 words each.
(vii) Answers should be brief and to the point and the above word limit be adhered to as far as possible.
|Output units||Total cost Rs.||Average variable cost Rs.||Marginal cost Rs.||Average fixed cost Rs.|
|Average Revenue (Rs.)||20||20||20||20||20||20|
|Total Cost (Rs.)||22||42||60||76||96||120|
|Rs. in crores|
|(i)||Gross domestic fixed capital formation||400|
|(ii)||Private final consumption expenditure||8000|
|(iii)||Government final consumption expenditure||3000|
|(iv)||Change in stock||50|
|(v)||Consumption of fixed capital||40|
|(vi)||Net indirect taxes||100|
|(vii)||Net exports||(–) 60|
|(viii)||Net factor income to abroad||(–) 80|
|(ix)||Net current transfers from abroad||100|
E.g: 9876543210, 01112345678
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