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: 2013-2014
Date: March 2014
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Micro economics is a _____________ equilibrium approach. (partial/general/total/multi-variable)
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
The demand for salt is _____________.
elastic
inelastic
infinitely elastic
unitary elastic
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Investment made by the government is _____________ investment.(unplanned/gross/autonomous/induced)
Chapter: [0.07] National Income [2.02] National Income
A bank is an institution which deals in money and _____________
(commodity money/credit/barter/standard money)
Chapter: [2.05] Commercial Bank
During depression _____________ budget is preferable. (balanced/surplus deficit/zero)
Chapter: [2.07] Public Economics
Match the following :
| Group 'A' | Group 'B' | ||
| 1 | Tea and coffee | a | Wages |
| 2 | Stock | b | Flow concept |
| 3 | Labour | c | Central bank |
| 4 | National income | d | Commercial bank |
| 5 | Clearinghouse system | e | Complementary goods |
| f | Rent | ||
| g | Potential supply | ||
| h | Substitute Goods |
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
A perfectly inelastic demand curve is parallel to 'Y' axis.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Supply is inversely related to price.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Price discrimination is possible under monopoly.
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
Credit money is created by the Central bank of a country.
Chapter: [2.06] Central Bank
State whether the following statement is True or False:
The main objective of the Central Bank is to earn a profit.
True
False
Chapter: [2.06] Central Bank
Define or explain the following concepts:
Slicing method
Chapter: [1.01] Introduction to Micro Economics
Define or explain the following concepts
Total output
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Define or explain the following concepts:
Pure competition
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
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Define or explain the following concepts:
Entrepreneur
Chapter: [1.06] Factors of Production
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 concepts
Repo rate
Chapter: [2.06] Central Bank
Give reasons or explain the following
Theories of microeconomics are based on certain assumptions.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Give reasons or explain the following
A utility is a relative concept.
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
Give reasons or explain the following
Old age pension is transfer income.
Chapter: [2.04] Money
Give reasons or explain the following
The propensity to save depends upon the level of income.
Chapter: [0.07] National Income [2.02] National Income
Give reasons or explain the following
Central bank acts as a lender of the last resort of commercial banks.
Chapter: [2.06] Central Bank
Distinguish between Individual demand and Market demand.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Distinguish Between:
Increase in supply and Decrease in supply
Chapter: [0.04] Supply Analysis
Distinguish Between:
Partial equilibrium and General equilibrium
Chapter: [0.01] Introduction to Micro and Macro Economics
Distinguish between Gross domestic product at a market price and Gross domestic product at factor cost.
Chapter: [1.05] Types of Market and Price Determination Under Perfect Competition
Distinguish between Legal tender money and Non-legal tender 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 subject matter of Micro Economics.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
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Write short notes Significance of price elasticity of demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Name and explain the types of monopoly.
Chapter: [0.05] Forms of Market
Write short notes Types of capital.
Chapter: [1.06] Factors of Production
Answer the following question .
Explain the types of utility.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Features of Monopolistic Competition.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Explain the subject matter of macroeconomics.
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
State the determinants of aggregate demand.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
Explain the agency function of commercial banks.
Chapter: [2.05] Commercial Bank
Explain the budget expenditure of the government.
Chapter: [2.07] Public Economics
Explain with reasons, whether you agree or disagree with the following statement
The law of 'diminishing marginal utility' is important in practice.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Explain with reason, whether you agree or disagree with the following statement.
Price is the only determinant of demand
Agree
Disagree
Chapter: [0.031] Demand Analysis
Explain with reasons, whether you agree or disagree with the following statement
The supply curve of labour bends backwards
Chapter: [1.04] Analysis of Supply
Explain with reasons, whether you agree or disagree with the following statement
Money also performs certain contingent functions.
Chapter: [2.04] Money
Explain with reasons, whether you agree or disagree with the following statement
Commercial banks can not create credit money.
Chapter: [2.06] Central Bank
Explain with reasons, whether you agree or disagree with the following statement
Cash reserve ratio is a quantitative measure of credit control.
Chapter: [2.06] Central Bank
State and explain the ‘law of demand’ with its exceptions.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Explain any 'two methods' of measuring price elasticity of demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Write any four practical difficulties in national income estimation.
Chapter: [0.07] National Income
What is 'consumption function'?
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
Explain the subjective factors which determine consumption function.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
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