AS PER NEW SYLLABUS
ECONOMICS TIME: 3 HRS MARKS : 80 MARKS
Q.1 (A) Select the correct answer form the possible options given below and rewrite the statements: 5 Marks
ECONOMICS TIME: 3 HRS MARKS : 80 MARKS
Q.1 (A) Select the correct answer form the possible options given below and rewrite the statements: 5 Marks
1. The terms micro and macro economics
were first used by ________ (Adam Smith, Robbins, Ragnar Frish, Marshall)
2. When price of commodity rises the
demand for it ________ (Rises, Falls, remain constant, Becomes negative)
3. Cross elasticity of demand is
applicable to ________goods. (Unrelated, Substitute, Inferior, Natural)
4. The part of income which is not spend
on consumption is called_____ (Expenditure, Saving, Investment, Public debt)
5. Bank Rate is also called as
________rate. (Rediscount, Market, General, Exchange)
(B) Match the correct pairs 5 Marks
Group A
|
Group B
|
1.
Single Price
2.
Land
3.
Barter
4.
Overdraft facility
5.
OMO
|
1. Double coincidence of want
2. Current Account
3. Saving Account
4. Rent
5. Profit
6. Monopoly
7. Perfect Competition
8. Quantitative Credit Control
Measures
|
(C) State whether the following
statements are True or False: 6
Marks
1.
There is no product differentiation in the monopolistic competition.
2.
Labour can't be stored.
3.
The word Macro is derived from the French word 'Makros'.
4.
Macro economics deals with the study of aggregates.
5.
Money increases productivity of capital.
6.
Rate of interest on fixed deposit is high.
Q.2 (A) Define or Explain the following concepts:
(Attempt any Three) 6
Marks
1.
Macro Economics
2.
Labour
3.
National Income
4.
Lender of the Last resort
5.
Desire
6.
Total cost
(B) Give Reasons or Explain the Statements:
(Attempt any Three) 6
Marks
1.
Macro economics is the study of aggregates.
2.
Aggregate demand depends only on consumption expenditure.
3.
Commercial banks provide agency functions to earn profits.
4.
The CRR affects the lending capacity of the banks.
5.
During the period of inflation, surplus budget is advisable.
6.
Paid services are included in national income.
Q.3 (A) Distinguish Between: (Attempt any Three) 6
Marks
1.
Commodity money V/S Metallic Money
2.
Central Bank V/S Commercial bank
3.
Land V/S Capital
4.
Saving Account V/S Current Account
5.
Elastic Demand V/S Inelastic demand.
6.
Direct Tax V/S Indirect Tax
(B) Write
Short Notes: (Attempt any Two) 6
Marks
1.
Features of Micro Economics
2.
Determinants of Aggregate Demand
3.
Function of Money
4.
Saving Function
Q.4 Answer the following questions: (Attempt
any Three) 12 Marks
1.
State the determinants of Aggregate Supply
2.
Consumption function
3.
Determinants of individual demand.
4.
Assumption to the Law of diminishing marginal utility?
5.
State the components of Budget
6.
Secondary Function of Commercial Bank
Q.5 Do you agree or disagree with the following
statements. Give reasons (Attempt any three) 12 Marks
1.
Acceptance of deposit is the only primary function of commercial bank?
2.
Central bank is the bank of banks.
3.
There are no difference between stock and supply.
4.
Macro economics studies behaviour of individual unit. (study
features of Macro economics and write 6 points without heading)
5.
There are no difficulties in measuring national income.
6.
There is no real Exception in Law of diminishing marginal utility.
Q.6 Answer in Detail: (Attempt Any Two) 16
Marks
1.
Explain the Types of Price Elasticity of Demand?
2.
Define Law of Demand? Explain its Assumption?
3.
Features of Perfect Competition?
4.
Define central Bank? Also explain its Functions?
ECONOMICS PAPER ONE
PERFECT COMPETITION MEANS MONOPOLISTIC COMPETITION.
PRICE IS THE ONLY DETERMINANT OF SUPPLY.
THERE IS NO DIFFERENCE BETWEEN STOCK AND SUPPLY.
VARIOUS FACTORS INFLUENCE THE ELASTICITY OF DEMAND.
THE LAW OF DEMAND CAN BE EXPLAINED WITH THE HELP OF EXAMPLE AND DIAGRAM.
FEATURES / CHARACTERISTICS/ PECULIARITIES/ NATURE
COOPERATION AND CONSCRIPTION
COOPERATION, COMPETITION AND CONSCRIPTION
ECONOMICS AS A STUDY OF PROVISIONING
ECONOMICS AS A STUDY OF THE ALLOCATION OF SCARCE RESOURCES
INTRODUCTION TO MICROECONOMICS
ROLE OF INDIVIDUAL IN THE COMMUNITY
SOCIAL INTERACTION
SOCIAL INTERACTION AND TECHNOLOGY
SOCIAL SCIENCE AND ECONOMICS
SPECIALIZATION
THE NATURE OF AN ECONOMIC SYSTEM AND PROCESSES WITHIN A SYSTEM
THE PROBLEM OF PROVISIONING
MICROECONOMICS ABBREVIATIONS & FORMULAE
HSC ECONOMICS
ECONOMICS PAPER ONE
ECONOMICS PAPER TWO
ECONOMICS PAPER THREE
FILL UP MULTIPLE CHOICE
TRUE OR FALSE
DEFINE
PERFECT COMPETITION MEANS MONOPOLISTIC COMPETITION.
PRICE IS THE ONLY DETERMINANT OF SUPPLY.
THERE IS NO DIFFERENCE BETWEEN STOCK AND SUPPLY.
VARIOUS FACTORS INFLUENCE THE ELASTICITY OF DEMAND.
THE LAW OF DEMAND CAN BE EXPLAINED WITH THE HELP OF EXAMPLE AND DIAGRAM.
THERE ARE NO EXCEPTIONS TO THE LAW OF DEMAND.
INDIVIDUAL PROBLEM V/S NATIONAL PROBLEM
MARGINAL UTILITY TOTAL UTILITY
UTILITY USEFULNESS
VARIATION IN DEMAND CHANGES IN DEMAND
EXTENSION OF DEMAND CONTRACTION OF DEMAND
INCREASE IN DEMAND DECREASE IN DEMAND
DEMAND DESIRE
DIRECT DEMAND DERIVED DEMAND
INDIVIDUAL DEMAND MARKET DEMAND
JOINT DEMAND COMPOSITE DEMAND
ELASTIC DEMAND INELASTIC DEMAND
RELATIVELY ELASTIC DEMAND RELATIVELY INELASTIC DEMAND...
PERPECTLY ELASTIC DEMAND PERPECTLY INELASTIC DEMAND...
PERCENTAGE METHOD TOTAL OUTLAY METHOD
LESS ELASTIC DEMAND MORE ELASTIC DEMAND
INCOME ELASTICITY CROSS ELASTICITY
STOCK SUPPLY
DEMAND SUPPLY
DEMAND CURVE SUPPLY CURVE
OUT PUT SUPPLY
INDIVIDUAL SUPPLY MARKET SUPPLY
NATURAL MONOPOLY SOCIAL MONOPOLY
PERFECT COMPETITION PURE COMPETITION
PERFECT COMPETITION MONOPOLY
MONOPOLY MONOPOLISTIC COMPETITION
PERFECT COMPETITION MONOPOLISTIC COMPETITION
FIXED CAPITAL VARIABLE CAPITAL
PHYSICAL (REAL) CAPITAL FINANCIAL (MONEY) CAPITAL
PHYSICAL (REAL) CAPITAL HUMAN CAPITAL
LABOUR ENTREPRENEUR
LAND CAPITAL
NATURAL FACTORS MAN-MADE FACTORS
CAPITAL WEALTH
MICRO ECONOMICS MACRO ECONOMICS
INCOME METHOD EXPENDITURE METHOD
INCOME METHOD PRODUCTION METHOD
ILLEGAL INCOME TRANSFER INCOME
CONSUMPTION INVESTMENT
SAVING CONSUMPTION
SAVING INCOME
AVERAGE PROPENSITY TO CONSUME MARGINAL PROPENSITY ...
BARTER SYSTEM MONETARY SYSTEM
METALLIC MONEY PAPER MONEY
PAPER MONEY BANK MONEY
CONVERTIBLE PAPER MONEY INCONVERTIBLE PAPER MONEY
CURRENT DEPOSIT SAVINGS DEPOSIT
FIXED DEPOSIT RECURRING DEPOSIT
CURRENT DEPOSIT FIXED DEPOSIT
LOAN CASH CREDIT
LOAN OVER DRAFT
COMMERCIAL BANK CENTRAL BANK
QUANTITATIVE CREDIT CONTROL GENERAL MEASURES QUALITATIVE CREDIT CONTROL ...
BANK RATE OPEN MARKET OPERATION
BANK RATE INTEREST RATE
REVENUE RECEIPTS CAPIRAL RECEIPTS
GOVERNMENT INCOME GOVERNMENT EXPENDITURE
SURPLUS BUDGET DEFICIT BUDGET
DIRECT TAX INDIRECT TAX
EXPORT IMPORT
MARGINAL UTILITY TOTAL UTILITY
UTILITY USEFULNESS
VARIATION IN DEMAND CHANGES IN DEMAND
EXTENSION OF DEMAND CONTRACTION OF DEMAND
INCREASE IN DEMAND DECREASE IN DEMAND
DEMAND DESIRE
DIRECT DEMAND DERIVED DEMAND
INDIVIDUAL DEMAND MARKET DEMAND
JOINT DEMAND COMPOSITE DEMAND
ELASTIC DEMAND INELASTIC DEMAND
RELATIVELY ELASTIC DEMAND RELATIVELY INELASTIC DEMAND...
PERPECTLY ELASTIC DEMAND PERPECTLY INELASTIC DEMAND...
PERCENTAGE METHOD TOTAL OUTLAY METHOD
LESS ELASTIC DEMAND MORE ELASTIC DEMAND
INCOME ELASTICITY CROSS ELASTICITY
STOCK SUPPLY
DEMAND SUPPLY
DEMAND CURVE SUPPLY CURVE
OUT PUT SUPPLY
INDIVIDUAL SUPPLY MARKET SUPPLY
NATURAL MONOPOLY SOCIAL MONOPOLY
PERFECT COMPETITION PURE COMPETITION
PERFECT COMPETITION MONOPOLY
MONOPOLY MONOPOLISTIC COMPETITION
PERFECT COMPETITION MONOPOLISTIC COMPETITION
FIXED CAPITAL VARIABLE CAPITAL
PHYSICAL (REAL) CAPITAL FINANCIAL (MONEY) CAPITAL
PHYSICAL (REAL) CAPITAL HUMAN CAPITAL
LABOUR ENTREPRENEUR
LAND CAPITAL
NATURAL FACTORS MAN-MADE FACTORS
CAPITAL WEALTH
MICRO ECONOMICS MACRO ECONOMICS
INCOME METHOD EXPENDITURE METHOD
INCOME METHOD PRODUCTION METHOD
ILLEGAL INCOME TRANSFER INCOME
CONSUMPTION INVESTMENT
SAVING CONSUMPTION
SAVING INCOME
AVERAGE PROPENSITY TO CONSUME MARGINAL PROPENSITY ...
BARTER SYSTEM MONETARY SYSTEM
METALLIC MONEY PAPER MONEY
PAPER MONEY BANK MONEY
CONVERTIBLE PAPER MONEY INCONVERTIBLE PAPER MONEY
CURRENT DEPOSIT SAVINGS DEPOSIT
FIXED DEPOSIT RECURRING DEPOSIT
CURRENT DEPOSIT FIXED DEPOSIT
LOAN CASH CREDIT
LOAN OVER DRAFT
COMMERCIAL BANK CENTRAL BANK
QUANTITATIVE CREDIT CONTROL GENERAL MEASURES QUALITATIVE CREDIT CONTROL ...
BANK RATE OPEN MARKET OPERATION
BANK RATE INTEREST RATE
REVENUE RECEIPTS CAPIRAL RECEIPTS
GOVERNMENT INCOME GOVERNMENT EXPENDITURE
SURPLUS BUDGET DEFICIT BUDGET
DIRECT TAX INDIRECT TAX
EXPORT IMPORT
