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: 2012-2013
Date: March 2013
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(i) All questions are compulsory.
(ii) Draw tables/diagrams wherever necessary.
(iii) Figures to the right indicate full marks.
(iv) Write answer of every new question on a new page.
Fill in the blank with appropriate alternative given in the bracket:
_________________ is the power of commodity to fulfill human wants.
utility
usefulness
productivity
unproductivity
Chapter: [1.02] Consumers Behavior
Write whether the following statement is True or False:
Price theory is the base of micro economic analysis.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Write whether the following statement is True or False:
Demand curve has a positive slope.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write whether the following statement is True or False:
Demand for commodities depends upon various factors.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write whether the following statement is True or False:
Salt has elastic demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write whether the following statement is True or False:
Macro economic depends upon many assumptions.
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
(b) marginal utility
(c) place utility
(d) total utility
Chapter: [1.02] Consumers Behavior
(b) less elastic demand
(c) zero elastic demand
(d) unitary elastic demand
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
(b) decreases
(c) becomes equal
(d) becomes zero
Chapter: [0.07] National Income [2.02] National Income
(b) current account
(c) recurring account
(d) fixed deposit account
Chapter: [2.04] Money
(b) surplus budget
(c) deficit budget
(d) annual budget
Chapter: [0.08] Public Finance in India [2.07] Public Economics
Match the following Group 'A' with Group 'B':
| Group 'A' | Group 'B' |
| (a) Electricity | (1) Joint demand |
| (b) Perfectly elastic demand | (2) Lord Keynes |
| (c) Aggregate supply | (3) Prof. Pigou |
| (d) Propensity to consume | (4) Fixed deposits |
| (e) Higher interest rate | (5) Composite demand |
| (6) Demand curve parallel to 'X' axis | |
| (7) Natural resources |
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Define or explain the of concept Micro economics .
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Define or explain the concept of Demand schedule.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Define or explain the concept Labour.
Chapter: [1.06] Factors of Production
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Define or explain the following concept:
National income
Chapter: [0.07] National Income [2.02] National Income
Define or explain the concept Average propensity to save .
Chapter: [1.02] Consumers Behavior
Define or explain the concept of Overdraft .
Chapter: [2.06] Central Bank
Define or explain the concept of Lender of the last resort .
Chapter: [2.06] Central Bank
Define or explain the concept of Deficit budget .
Chapter: [2.07] Public Economics
State whether the following statement isTrue or False with reason:
The concept of elasticity of demand is useful in economic theory.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is True or False with reason:
Perfect competition means pure competition.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
State whether the following statement is True or False with reason:
Macro economics studies whole economy.
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
State whether the following statement is True or False with reason:
The government budget is for uncertain time period.
Chapter: [2.07] Public Economics
State whether the following statement is True or False with reason:
Autonomous consumption expenditure cannot be zero.
Chapter: [2.07] Public Economics
State whether the following statement is True or False with reason:
Commercial Banks cannot give interest on deposits.
Chapter: [2.05] Commercial Bank
State whether the following statement is True or False with reason:
Central Bank works for profit.
Chapter: [2.06] Central Bank
State whether the following statement is True or False with reason:
Macro economics studies single unit.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Distinguish between the following.
Micro Economics and Macro Economics.
Chapter: [2.01] Introduction to Macro Economics
Distinguish between :
Individual demand schedule and Market demand schedule.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Distinguish between :
Percentage method of counting elasticity of demand and Geometric method of counting elasticity of demand.
Chapter: [1.04] Analysis of Supply
Individual supply and Market supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Distinguish between :
Output method and Expenditure method.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
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Distinguish between :
Propensity to consume and Propensity to save.
Chapter: [1.02] Consumers Behavior
Distinguish between :
Current deposits and Fixed deposits.
Chapter: [2.04] Money
Distinguish between Surplus budget and Deficit budget.
Chapter: [0.08] Public Finance in India [2.07] Public Economics
Write answer in 'one' or 'two' paragraph :
Write the functions of an entrepreneur.
Chapter: [1.06] Factors of Production
Write any four practical difficulties in national income estimation.
Chapter: [0.07] National Income
Write answer in 'one' or 'two' paragraph .
Explain the primary functions of money.
Chapter: [2.04] Money
Chapter: [2.04] Money
Explain the features of microeconomics.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Write explanatory note.
Government expenditure.
Chapter: [1.02] Consumers Behavior
Write explanatory note.
Primary functions of commercial bank.
Chapter: [2.05] Commercial Bank
Write explanatory note.
Components of Government budget.
Chapter: [2.07] Public Economics
Answer with reason, whether you agree or disagree with the following statement.
The law of diminishing marginal utility depends upon assumptions.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Macro economics is different from micro economics.
Agree
Disagree
Chapter: [0.01] Introduction to Micro and Macro Economics
Answer with reason, whether you agree or disagree with the following statement.
The Central bank has control over credit creation.
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
State and explain the law of supply with exceptions.
Chapter: [0.04] Supply Analysis
Explain the meaning of Monopoly with its features.
Chapter: [0.05] Forms of Market
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