H.S.
C Question Bank
ECONOMICS
Q2. B - Distinguish Between (2marks)
1) Micro Economics & Macro Economics
2) Lumping Method & Slicing Method
3) Utility & Usefulness
4) Total Utility & Marginal Utility
5) Desire & Demand
6) Expansion of Demand & Decrease In Demand
7) Contraction of Demand & Increase in Demand
8) Supply & Stock
9) Average Revenue & Marginal Revenue
10) Average Cost & Marginal Cost
11) Elastic Demand & Inelastic Demand
12) Monopolistic Competition / Perfect Competition / Monopoly
13) Laspeyres Method & Paascheyes Method
14) Internal Debt & External Debt
15) Deficit Budget & Surplus Budget
16) Money Market & Capital Market
17) Balance of Trade & Balance of Payment
Q3. Answer the following question (12 marks )
1) Explain the scope of micro- economics
2) Explain the Features of macro-economics
3) Explain the Importance of micro-economics
4) Explain the features of utility
5) Explain the types of utility
6) Explain law of DMU with it's limitations
7) Explain the Types of Demand
8) Explain the Changes in Demand
9) Explain the Variations in Demand
10) What is elasticity & explain the types of elasticity
11) Explain the Measurement of Price elasticity of Demand.
12) Explain the concept of total cost and total revenue.
13) Explain the Features of perfect competition
14) Explain the Features of Monopoly
15) Explain the features of Monopolistic competition
16) Explain the types of monopoly
17) Explain the price determination under perfect competition
18) Explain the significance of Index Number
19) Explain the importance of Index number
20) Calculate Lasspeyers & paaschey’s index number
21) Explain the circular flow of national Income
22) Explain the Function of RBI
23) Role of money market in India
24) Explain problems of Indian market
25) Explain role of capital market
26) Explain problems of capital market
27) Foreign trade plays an important role in the eco-development of a country.
Q4. State whether you agree or disagree with reasons. (12 marks)
1) There are many features of micro-economics
2) There are no importance of macro- economics
3) There is no relationship between total utility & marginal utility
4) Price is the only determinants of demand
5) There are no exceptions to the law of supply
6) Index numbers are free from limitations
7) Commercial bank performs various functions
8) Index number can be constructed without base year
9) Scope of macro economics is unlimited.
10) Obligatory function is the only function of the government
11) Balance of payment is same as Balance of trade
Q5. Read passage, figure, diagram & answer the following question (8 marks)
1) Types of price elasticity diagram
2) Diagram of price determination under perfect competition
3) Concepts of national income
4) Diagram of market supply or market demand
Q6. Answer in details (16marks)
1) State & Explain Law of demand with it's exception
2) What is elasticity? Explain Types of elasticity & price elasticity
3) What are the Difficulties of national income - practical & theoretical difficulties
4) What are the Methods for calculating national income - output method, expenditure
method, income method
5) What are the various Reasons for public expenditure
6) Explain the sources of Public revenue - tax & non tax
7) Explain the construction of Index Number
