Group ‘A’
|
Group ‘B’
|
1.
Indirect tax
2.
Direct Tax
3.
Sound finance
4.
Functional finance
5.
Statement of income and
expenditure
|
1.
Balanced Budget
2.
Budget
3.
Asset
4.
Unbalanced Budget
5.
Income Tax
6.
Liability
7.
Excise duty
|
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ECONOMICS QUESTION PAPER HSC
OMTEX CLASSES
ECONOMICS
BISMILLAH Ist
preliminary exam….
3
hours 100
marks
Don’t
make any correction on objectives.
Write
four points for two marks answer.
Q.1
(A) Fill in the blanks with appropriate alternatives given in the brackets:
(5 marks)
BISMILLAH
1. The
budget is presented by the ___________before the parliament. (Prime Minister,
Home Minister, Finance Minister, Chief Minister)
2. In
general the duration of Budget is of _________month. (twelve, six, nine,
fifteen)
3. The
currency notes issued by the Central Bank are _______legal tender. (limited,
unlimited, zero, negative)
4. _______function
is not performed by commercial bank. (credit control, lending, borrowing,
credit creation)
5. Under
perfect competition there are _________sellers. (two, few, many, large number
of )
(B) State the whether the
following statements are true or false: (5 marks) BISMILLAH
1. An
entrepreneur should be rigid in thoughts.
2. Money
is not a good store value.
3. Consumption
is one of the determinants of aggregate supply OMTEX CLASSES
4. The
relationship between price and Supply is positive. Group C
5. Perfect
competition is a theoretical concept.
(C) Choose the correct answer:
(5 marks)
BISMILLAH
1. Reservation
Price is __________ expected price. (minimum, maximum, ordinary, higher)
2. Capital
is a______________factor of Production. (real, artificial, natural, free)
3. The
Income of the government through all sources is called public________ (money,
income, debt, revenue)
4. The
relationship between the saving and rate of interest is____________. (inverse,
become Zero, Increase, remain constant)
5. For
satisfying human wants, uses of goods and services mean __________. (
consumption, saving, income, expenditure)
(D) Match the following Group
‘A’ with Group ‘B’: (5 marks)
BISMILLAH
Q.2 (A) Explain the following
concepts or give definition: -
BISMILLAH (any 4)
(8 Marks)
1. Loan
2. Clearing
House
3. Travelers
Cheque
4. Credit
Money
5. Direct
Tax
6. Prof.
Fisher’s Definition of National Income.
7. Government
Expenditure.
8. Price
Discrimination.
(B) State whether the following
statements are true or false give reason: -
BISMILLAH (any 4) (8 Marks)
1.
The services of housewife are not included in
national income.
2. Labour is a
perishable factor.
3. Illegal income
is not included in nation income.
4. In
Surplus Budget income is more than Expenditure.
5. Overdraft
is provided only to current Account Holders.
6. Revenue
receipts are included in revenue account of budget. Pg no…40
7. Indirect
taxes follow the principles of equity. Pg no… 42
8. There
is no selling cost included in Monopolistic Competition.
Q.3 (A) Distinguish Between: - BISMILLAH (any
4) (8 Marks)
1.
Convertible Money V/S Inconvertible Money.
2.
Government Income V/S Government Expenditure.
3. Bank Rate V/S
Interest Rate
4. Quantitative
Credit Controls V/S Qualitative Credit Controls.
5. Current Deposit
V/S Recurring Deposit
6. Propensity
to consume V/S Propensity to Save
7. Income
V/S Saving
8. Real
capital V/S Money capital.
(B) Give Reason or Explain:
- BISMILLAH (any
4) (8 Marks)
1.
Labour is paid salary as reward.
2.
Geffen goods are called inferior goods.
3.
When Income increases consumption also increases.
4.
There is indirect relationship between Demand and
Price.
5.
Under Perfect competition the firm is a price taker.
6.
Land is Natural factor of production.
7.
The demand curve slopes downward from left to right.
8. The difficulties
of barter system are removed by money.
Q.4 (A) Answer the following: - BISMILLAH (any
2) (8 Marks)
1.
State the features of Monopoly.
2.
Factor determinants of Elasticity of Demand.
3. Quantitative
Method of credit Control by Central Bank?
4.
Features of Land?
(B) Short Notes: - BISMILLAH (any
2) (8 Marks)
1.
Micro Economics.
2.
Determinants of Aggregate supply.
3.
Factor Determinants of consumption Function.
4.
Importance of Price Elasticity of Demand.
Q.5
State with reason, whether you agree or disagree with the following
statements: -
BISMILLAH (any 2) (16 Marks)
1. Entrepreneur
is the Capitan of the Industry. (write function)
2. There
are no difficulties involved in measuring national income.
3. There
is no Exception in Law of Demand.
Q.6
Answer the following questions in detail: - BISMILLAH (any
2) (16 Marks)
1. Define
Central Bank? Explain its Function?
2. What
are the Methods of Measuring National Income?
3. Components
of Government Budget?