OMTEX CLASSES: HSC ECONOMICS MARCH 2014 BOARD PAPER

HSC ECONOMICS MARCH 2014 BOARD PAPER

HSC ECONOMICS MARCH 2014 BOARD PAPER


Q1. A. Fill in the blanks with appropriate alternatives given in brackets below the questions: (5)


1. Micro economics is a _____________ equilibrium approach.

(Partial / general / total / multi – variable)



2. The demand for salt is ___________________

(elastic / inelastic / infinite elastic / unitary elastic)



3. Investment made by the government is __________ investment.

(unplanned / gross/ autonomous / induced)



4. A bank is an institution which deals in money and _____________

(commodity money / credit / barter / standard money)



5. During depression _______________ budget is preferable.

(balanced / surplus / deficit / zero)




B. Match the following Group ‘A; with Group ‘B’


Group ‘A’
Group ‘B’
1. Tea and Coffee
a. Wages
2. Stock
b. Flow concept
3. Labour
c. Central bank
4. National Income
d. Commercial bank
5. Clearing house system
e. Complementary goods

f. Rent

g. Potential supply

h. Substitute goods.


C. State whether the following statements are True or False. (6)



1. Perfectly inelastic demand curve is parallel to ‘Y’ axis. True

2. Supply is inversely related to price. False

3. Price discrimination is possible under monopoly. True

4. In case of token coins intrinsic value is less than their face value. True

5. Credit money is created by the Central bank of a country. False

6. The main objective of the Central bank is to earn profit. False



Q2. (A) Define or explain the following concepts (Any Three) (6)









(B) Give reasons or explain the following (Any Three) (6)













Q3. A. Distinguish between (Any Three) (6)









B. Write short notes (Any Two) (6)







Q4. Write short answers for the following questions (Any Three) (12)










Q5. Explain with reasons whether you ‘agree’ or ‘disagree’ with the following statements (Any Three) (12)










Q6. Write explanatory answers. (Any Two) : (16)



1. State and explain the ‘law of demand’ with its exceptions.









4. What is ‘Consumption function’? Explain the subjective factors which determine consumption functions.


FACTORS DETERMINANTS OF CONSUMPTION FUNCTION.

ECONOMICS HSC IMPORTANT QUESTIONS FOR BOARD EXAM 2018

ALMOST 99.99% SURE QUESTIONS.

Define / Explain the following concepts. (Any Three)


Give reasons or explain the following (Any Three) (6)



Distinguish between (Any Three) (6)



Write short notes (Any Two) (6)


Write short answers for the following questions (Any Three) (12)

Q5. Explain with reasons whether you ‘agree’ or ‘disagree’ with the following statements (Any Three) (12)


HSC ECONOMICS IMPORTANT EXPLANATORY ANSWERS FOR BOARD EXAM 2018

Q6. Write explanatory answers. (Any Two):  (16)  
State and explain in detail the Law of Diminishing Marginal Utility.