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: 2010-2011
Date: March 2011
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Fill in the blank with appropriate alternatives given in the bracket:
The law of demand states ________ relation between demand and price.
direct
total
inverse
positive
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
fill in the blank with appropriate alternatives given in the bracket:
Demand for salt is ___________.
1.elastic
2.inelastic
3.perfectly elastic
4.unitary elastic
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Fill in the blank with appropriate alternatives given in the bracket:
________ is one of the determinants of aggregate supply.
1.Consumption
2.Investment
3.Natural resources
4.Saving
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Fill in the blank with appropriate alternatives given in the bracket:
The part of income not spent is________.
1.saving
2.consumption
3.investment
4.capital
Chapter: [1.02] Consumers Behavior
Fill in the blank with appropriate alternatives given in the bracket :
Commercial banks create __________.
1.paper money
2.metallic money
3.commodity money
4.credit money
Chapter: [2.05] Commercial Bank
State whether the following statements are TRUE or FALSE:
Marginal utility increases with increase in consumption.
Chapter: [1.02] Consumers Behavior
State whether the following statements are TRUE or FALSE:
In deficit budget, expenditure is more than income.
Chapter: [1.02] Consumers Behavior
Demand for perishable goods is inelastic.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statements are TRUE or FALSE:
Commercial banks play an important role in economic development.
Chapter: [2.05] Commercial Bank
State whether the following statements are TRUE or FALSE:
Saving increases with increase in income.
Chapter: [0.07] National Income [2.02] National Income
The law of equi-marginal utility is based on the law of _________.
(a) demand
(b) diminishing marginal utility
(c) supply
(d) consumption
Chapter: [1.02] Consumers Behavior
Choose the correct answer :
Macro economics studies _________.
(a) national income
(b) household income
(c) firm’s income
(d) industrial output
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Choose the correct answer :
Demand of labour is _______
(a) direct demand
(b) indirect demand
(c) autonomous demand
(d) joint demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Choose the correct answer :
Perfectly elastic demand curve is _________.
(a) parallel to ‘X’ axis
(b) parallel to ‘Y’ axis
(c) upward sloping
(d) downward sloping
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Choose the correct answer :
Demand of electricity for domestic purpose is _________.
(a) derived demand
(b) complementary demand
(c) direct demand
(d) composite demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Match the following Group ‘A’ with Group ‘B’
|
Group ‘A’ |
Group ‘B’ |
||
|
(1) |
Perfect competition |
(a) |
Captain of industry |
|
(2) |
Micro economics |
(b) |
Price Discrimination |
|
(3) |
Entrepreneur |
(c) |
Homogeneous product |
|
(4) |
Money |
(d) |
Smallest unit |
|
(5) |
Central Bank |
(e) |
Largest unit |
|
|
|
(f) |
Lender of last resort |
|
|
|
(g) |
Medium of exchange |
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Meaning and Definition of Macroeconomics
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Define or explain the following concept.
Bank Rate.
Chapter: [2.06] Central Bank
Define of Explain the following concepts.
Macro variables
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
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Define of Explain the following concept:
Recurring deposit
Chapter: [2.05] Commercial Bank
Define of Explain the following concepts.
Balanced budget
Chapter: [2.07] Public Economics
Define or explain the following concept.
Unitary elastic demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Define of Explain the following concept.
Market
Chapter: [1.01] Introduction to Micro Economics
Define of Explain the following concept.
Net earnings from foreign trade
Chapter: [0.07] National Income [2.02] National Income
State whether the following statements are TRUE or FALSE with reason.
Government budget is a family budget.
Chapter: [2.07] Public Economics
State whether the following statements are TRUE or FALSE with reason:
Land is a man made factor of production.
Chapter: [1.06] Factors of Production
State whether the following statements are TRUE or FALSE with reason.
National income is a flow concept.
Chapter: [0.07] National Income [2.02] National Income
State whether the following statements are TRUE or FALSE:
Saving increases with increase in income.
Chapter: [0.07] National Income [2.02] National Income
State whether the following statements are TRUE or FALSE with reason.
Cheque is not legal tender money.
Chapter: [2.04] Money
Give reason or explain the following statement:
Micro economics is also known as price theory.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
State whether the following statements are TRUE or FALSE with reason.
The demand for consumption goods is direct demand.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is True or False with reason:
Central Bank works for profit.
Chapter: [2.06] Central Bank
Demand curve and Supply curve.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Distinguish between Any FOUR of the following :
Consumption expenditure and Investment expenditure.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Distinguish between Any FOUR of the following :
Natural monopoly and Legal monopoly.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Distinguish between Any FOUR of the following :
Metallic money and Paper money.
Chapter: [2.04] Money
Distinguish between Any FOUR of the following :
Utility and Usefulness.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Individual supply and Market supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Distinguish between Any FOUR of the following :
Fixed capital and Fluctuating capital.
Chapter: [1.06] Factors of Production
Distinguish between Any FOUR of the following :
Income method and Expenditure method.
Chapter: [1.01] Introduction to Micro Economics
Give reasons or Explain the following statements.
All desires are not demand.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
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Give reasons or explain the following statement:
Supply cannot exceed stock.
Chapter: [1.04] Analysis of Supply
Give reasons or explain the following statement:
Income which is not saved is consumption.
Chapter: [1.02] Consumers Behavior
Give reasons or explain the following statement:
Micro economic studies individual income.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Give reasons or explain the following statements
Demand for basic necessities is inelastic.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Give reasons or explain the following statement:
The concept of national income has an important place in economic development.
Chapter: [0.07] National Income [2.02] National Income
Give reasons or explain the following statement:
Every loan creates a deposit.
Chapter: [2.05] Commercial Bank
Give reasons or explain the following statement:
Tax is a major source of income to the government.
Chapter: [2.07] Public Economics
Explain the features of microeconomics.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Write answers in ‘one’ or ‘two’ paras each.
What are the main determinants of aggregate demand?
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write answers in ‘one’ or ‘two’ paras each.
What are the primary functions of commercial banks?
Chapter: [2.05] Commercial Bank
Write answers in ‘one’ or ‘two’ paras each.
State the components of Government budget.
Chapter: [2.07] Public Economics
Write short note of Qualities of an Entrepreneur?
Chapter: [1.06] Factors of Production
Write explanatory notes.
Output method of measurement of national income.
Chapter: [0.07] National Income [2.02] National Income
Answer the following question.
Explain the secondary functions of money.
Chapter: [2.04] Money
Write explanatory answer:
Explain the subjective and objective factors determining consumption function.
Chapter: [1.02] Consumers Behavior
State with reasons, whether you Agree or Disagree with the following statements.
Perfect competition is an imaginary concept.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
State with reasons, whether you Agree or Disagree with the following statements.:
Market supply depends upon price only.
Chapter: [1.04] Analysis of Supply
State with reason, whether you Agree or Disagree with the following statement.
The demand curve slopes downward from left to right.
Agree
Disagree
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Explain the law of diminishing marginal utility with the help of a total utility schedule.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Answer in detail
State the features of Macro economics.
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Answer in detail.
Explain the functions of Central Bank.
Chapter: [2.06] Central Bank
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