HSC Commerce (English Medium)
HSC Science (General)
HSC Arts (English Medium)
HSC Science (Electronics)
HSC Science (Computer Science)
HSC Commerce: Marketing and Salesmanship
Academic Year: 2015-2016
Date & Time: 27th February 2016, 11:00 am
Duration: 3h
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The terms Micro and Macro Economics were first used by _____________.
Adam Smith
Robbins
Ragner Frisch
Marshall
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Demand for necessaries is................
(elastic / inelastic / infinitely elastic / unitary elastic)
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
................ consumption can not be zero.
(Induced / Autonomous / Government / Private)
Chapter: [2.03] Determinants of Aggregates
Accepting deposits from the public is the................................. function of Commercial Bank.
(secondary / general / primary / incidental)
Chapter: [2.05] Commercial Bank
In India budget is presented in the Parliament by the ............................................
(Prime Minister / Finance Minister / Chief Minister / Defence Minister)
Chapter: [2.07] Public Economics
|
Group "A" |
Group "B" |
||
|
(a) |
Demand for electricity |
(1) |
Rent |
|
(b) |
Perfectly elastic supply |
(2) |
Transfer income |
|
(c) |
Land |
(3) |
Dear money policy |
|
(d) |
Pension |
(4) |
Composite demand |
|
(e) |
Inflation |
(5) |
Horizontal supply curve |
|
|
|
(6) |
Part of national income |
|
|
|
(7) |
Vertical supply curve |
|
|
|
(8) |
Cheap money policy |
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Income elasticity of demand for inferior goods is negative.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
If price falls, the supply curve will shift to the left.
True
False
Chapter: [1.04] Analysis of Supply
State whether the following statement is True or False
Product differentiation is the most distinguishing feature of monopolistic competition.
True
False
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
In the case of token coins, intrinsic value is less than their face value.
True
False
Chapter: [2.04] Money
Overdraft facility is provided to saving account holders.
Chapter: [2.06] Central Bank
Clearing house system economises the use of cash.
Chapter: [2.06] Central Bank
Meaning and Definition of Micro Economics?
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Relatively elastic supply
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
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National income
Chapter: [0.07] National Income [2.02] National Income
General equilibrium
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Micro Economics studies behaviours of individual economic unit.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Utility has no ethical consideration.
Chapter: [1.02] Consumers Behavior
Demand for the commodity having multiple uses has elastic demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
An entrepreneur is called a leader of the organization.
Chapter: [1.06] Factors of Production
With the increase in income, both consumption and savings increase.
Chapter: [0.07] National Income [2.02] National Income
Central Bank is a banker to the government.
Chapter: [2.06] Central Bank
Expansion of demand and Increase in demand.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Total Cost and Total Revenue.
Chapter: [0.07] National Income [2.02] National Income
Distinguish between the following.
Micro Economics and Macro Economics.
Chapter: [2.01] Introduction to Macro Economics
Distinguish between Gross National Product and Net National Product.
Chapter: [0.07] National Income [2.02] National Income
Convertible paper money and Inconvertible paper money.
Chapter: [2.04] Money
Distinguish between Surplus budget and Deficit budget.
Chapter: [0.08] Public Finance in India [2.07] Public Economics
Explain the features of microeconomics.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Total expenditure method of measuring Elasticity of Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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Features of Monopolistic Competition.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Answer the following question.
Explain the relationship between Total utility and Marginal utility.
Chapter: [1.02] Consumers Behavior
What are the features of perfect competition.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Explain the subject matter of Micro Economics.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
State the determinants of aggregate demand.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
Explain the primary functions of commercial banks.
Chapter: [2.05] Commercial Bank
What are the main components of budget.
Chapter: [2.07] Public Economics
The law of diminishing marginal utility can be explained with the help of schedule and diagram.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Explain, with reasons, whether you Agree or Disagree with the following statement
There are no exceptions to the Law of Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Price is the only determinant of supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Explain with reasons, whether you agree or disagree with the following statement
Commercial banks can not create credit money.
Chapter: [2.06] Central Bank
Bank rate is a quantitative measure of credit control.
Chapter: [2.06] Central Bank
Explain the law of demand with its assumptions.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
What are the types of Elasticity of Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Explain the various methods of measuring national income.
Chapter: [0.07] National Income [2.02] National Income
What is aggregate supply?
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
Explain the determinants of aggregate supply.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
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