ECONOMICS HSC IMPORTANT QUESTIONS FOR BOARD EXAM 2023 ALMOST 99.99% SURE QUESTIONS.

ECONOMICS HSC IMPORTANT QUESTIONS FOR BOARD EXAM 2023.

Define / Explain the following concepts. (Any Three)

Autonomous consumption

Average revenue

Bank Rate

Central bank

Disposable income

Effective Demand

General equilibrium

Government budget.

Labour

Land

Macroeconomic variables

Macroeconomics

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

A deficit budget may prove useful during the period of depression.

Cash reserve ratio (CRR) affects the lending capacity of banks.

Central Bank has the sole power of issuing currency notes.

Central bank acts as a lender of the last resort of commercial banks.

Labour cannot be stored.

Macroeconomic is also known as income and employment theory. 

Distinguish between (Any Three) (6)

Average Revenue and Average cost

Central Bank and Commercial Bank.

Convertible paper money and Inconvertible paper money.

Direct demand and Indirect demand.

Expansion of demand and Increase in demand.

Extension of supply and contraction of supply.    

Increase in demand and Decrease in Demand.

Microeconomics and Macroeconomics.

Paper Money and Metallic Coins.

Write short notes (Any Two) (6)

Credit creation.

Determination of equilibrium price under perfect competition.

Features of Land.

Features of Monopolistic Competition.

Features of monopoly.

Functions of an Entrepreneur.

Risk and uncertainty bearing function of an entrepreneur.

Significance of price elasticity of demand.

Types of monopoly.

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

Explain different types of loans and advances provided by commercial banks.

Explain features of National Income.

Explain features of utility

Explain the subject matter of Microeconomics.

State the determinants of aggregate demand.

What are the characteristics of utility?

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

Aggregate demand depends only on the consumption expenditure.

Aggregate supply is influenced only by availability of natural resources.

Barter system did not have any difficulty.

Bank rate is a quantitative measure of credit control.

Central bank is called the bankers’ bank

Commercial Bank provides many general utility services.

Commercial bank can create credit on the basis of primary deposits.

Commercial banks cannot create credit money.

General acceptability is the only quality of good money.

Good money has many qualities.

Various factors influence the demand for a commodity.

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

Explain any ‘two methods’ of measuring price elasticity of demand.

Explain the practical difficulties involved in the measurement of national income.

State and explain in detail the Law of Diminishing Marginal Utility.

Assumption to the Law of Diminishing Marginal Utility.