HSC ECONOMICS JULY 2017 BOARD PAPER SOLUTION

HSC ECONOMICS JULY 2017 BOARD PAPER SOLUTION


Q. 1. A. Fill in the blanks using proper alternatives given in the brackets.

(1) Demand for car and petrol is ____________ demand.

(Direct / Indirect / Joint / Composite)

(2) Total Revenue ➗ number of units sold = ______________

(Average Cost / Average Revenue / Marginal Cost / Total Cost)

(3) Personal Income - Direct Tax = ________________

(Private income / Disposable income / National Income / Total Income)

(4) ____________ bank has the monopoly of note issue.

(Commercial / Co - operative / Central / Industrial )

(5) When Government revenue exceeds government expenditure. It is known as a _______________ budget.

(Surplus / balanced / deficit / unbalanced)


Q. 1. B. Match the following: [5]


Group ‘A’
Group ‘B’
(a) Marginal utility
(1) Price Discrimination
(b) Medicines
(2) Legal tender money
(c) Monopoly
(3) Government bank
(d) Currency Notes
(4) Utility from last unit.
(e) Central Bank
(5) Inelastic demand

(6) Commercial bank

(7) Utility of all units

(8) Elastic demand


Q. 1. C. State whether the following statements are ‘True’ or ‘False’.

(1) Adam Smith is known as the ‘Father of Economic’. (True)

(2) Better transport facility increase supply at the same price.  (True)

(3) There is no need of advertisement in monopolistic competition. (False)

(4) Depreciation is included in net investment. (False)

(5) Central Bank acts as a lender of the last resort. (True)

(6) Budget is not prepared for each and every year. (False)


Q. 2. A. Define / Explain the following concepts. (Any Three)



(3) Stock








Q. 2. (B) Give reasons or Explain the following statements. (Any Three)








Q. 3. (A) Distinguish between (Any Three)








Q3. B. Write short notes (Any Two)






Q. 4. Answer the following Questions. [Any Three]








Q. 5. State with reason whether you agree or disagree with the following statements. (any Three)











Q. 6. Write Explanatory answer. (Any Two )

(1) State and explain the law of demand with its exception.







(4) What do you mean by aggregate supply? Explain determinants of aggregate supply?

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.

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