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: October 2013
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Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Chapter: [2.04] Money
Chapter: [2.05] Commercial Bank
Chapter: [2.07] Public Economics
Match the following Group ‘A’ with Group ‘B’
| Group A | Group B |
| Inferior Goods | Average Cost (AC) |
| Reward of capital | 1st April to 31st March |
| Financial year | Quantitative measure of credit control |
| Bank rate | Marginal cost |
| Total Cost (TC) / Total Quantity (TQ) | 1st January to 31st December |
| Profit | |
| Interest | |
| Giffen goods |
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Demand for electricity is elastic.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Supply is directly related to price.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
In monopolistic completion, goods have no close substitutes.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Barter system did not have any difficulty.
Chapter: [2.04] Money
D-mat account is useful to investors who deal in shares.
Chapter: [2.04] Money
Clearing house system economises the use of cash.
Chapter: [2.06] Central Bank
Define or Explain the following concepts
Microeconomics
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Define or Explain the following concepts
Average revenue
Chapter: [1.01] Introduction to Micro Economics
Define or Explain the following concepts
Monopoly
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
Land
Chapter: [1.06] Factors of Production
Define or Explain the following concepts
Macroeconomic variables
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Meaning and Definition of Central bank?
Chapter: [2.06] Central Bank
Give reasons or Explain the following statements
Microeconomics is useful to the government.
Chapter: [1.01] Introduction to Micro Economics
Give reasons or explain the following
A utility is a relative concept.
Chapter: [1.02] Consumers Behavior
Give reason or Explain the following statement :
Demand for habitually used goods is inelastic.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Give reasons or Explain the following statements
Services of housewives are excluded from national income.
Chapter: [0.07] National Income [2.02] National Income
Give reasons or Explain the following statement
Autonomous investment is not directly linked with profit.
Chapter: [2.03] Determinants of Aggregates
Central Bank has the sole power of issuing currency notes.
Chapter: [2.06] Central Bank
Distinguish between the following:
Direct demand and Indirect demand.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Distinguish between the following.
Percentage method of measuring the elasticity of supply and Geometric method of measuring the elasticity of supply.
Chapter: [1.04] Analysis of Supply
Distinguish between microeconomics and macroeconomics.
Chapter: [1.01] Introduction to Micro Economics
Distinguish between Gross National Product and Net National Product.
Chapter: [0.07] National Income [2.02] National Income
Distinguish between the following.
Standard coins and Token coins.
Chapter: [2.04] Money
Distinguish between the following
Revenue budget and Capital budget.
Chapter: [2.07] Public Economics
Write a short notes Historical review of microeconomics.
Chapter: [0.01] Introduction to Micro and Macro Economics
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Write short notes on the Proportional method of measuring the elasticity of demand.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Write short notes on Price determination under perfect competition.
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Write short notes on Risk and uncertainty-bearing function of an entrepreneur.
Chapter: [1.06] Factors of Production
Explain the importance of the law of Diminishing Marginal Utility.
Chapter: [0.02] Utility Analysis [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 features of macroeconomics.
Chapter: [0.01] Introduction to Micro and Macro Economics [2.01] Introduction to Macro Economics
Explain the determinants of aggregate supply.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
Explain the various types of deposits.
Chapter: [2.05] Commercial Bank
Explain the types of a government budget.
Chapter: [2.07] Public Economics
Explain, with reasons, whether you Agree or Disagree with the following statement
There is no relationship between marginal utility and total utility.
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
Explain, with reason, whether you Agree or Disagree with the following statement
There is no difference between stock and supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Explain, with reasons, whether you Agree or Disagree with the following statements
Good money has many qualities.
Chapter: [2.04] Money
Explain, with reason, whether you Agree or Disagree with the following statement.
Commercial banks provide many general utility services.
Chapter: [2.05] Commercial Bank
Explain, with reasons, whether you Agree or Disagree with the following statements
Central Bank does not work as a banker to the government
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
Answer the following question.
State and explain the law of demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Explain the types of price elasticity of demand.
Chapter: [0.032] Elasticity of Demand
What is the elasticity of demand?
Chapter: [0.032] Elasticity of Demand [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
Explain the Keynesian psychological law of consumption.
Chapter: [1.02] Consumers Behavior
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