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: July 2016
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Fill in the blank with proper alternatives given in the bracket:
Micro Economics is a study of _____________ .
Whole economy
general price level
national output
individual economic unit
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Fill in the blank with proper alternatives given in the bracket:
Indirect demand is also known as _______ demand.
derived
direct
composite
joint
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Fill in the blank with proper alternatives given in the bracket:
Under monopoly there is existence of ______________ .
single buyer
several buyers
single seller
several sellers
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Fill in the blank with proper alternatives given in the bracket:
Produced means of production is known as ______________ .
land
labour
capital
entrepreneur
Chapter: [1.06] Factors of Production
Fill in the blank with proper alternatives given in the bracket:
Budget is the _________________ of the revenue and expenditure of the coming year.
exact value
estimate
planning of private sector
planning of co - operative sector
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) Inelastic demand |
| (b) Complementary goods | (2) Share brokers |
| (c) Pension | (3) Elastic demand |
| (d) D - mat account | (4) Composite demand |
| (e) Central Bank | 5) Transfer income |
| (6) Primary function of Commercial Banks | |
| (7) ATM facility | |
|
(8) Apex banking institution
|
Chapter: [2.06] Central Bank
State whether the following statement is true or false.
Perfectly inelastic demand curve is parallel to ‘X’ axis.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is true or false.
Micro Economic theory assumes full employment.
Chapter: [1.01] Introduction to Micro Economics
State whether the following statement is true or false.
There is no product differentiation under monopolistic 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.
Labour is a perishable factor of production.
Chapter: [1.06] Factors of Production
State whether the following statement is true or false.
Investment made by the government is autonomous investment.
Chapter: [0.07] National Income [2.02] National Income
State whether the following statement is true or false.
The Cash Reserve Ratio does not affect the lending capacity of the commercial banks.
Chapter: [2.05] Commercial Bank
Define Microeconomics?
Chapter: [1.01] Introduction to Micro Economics
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Define or explain the following concept.
Service utility.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Define or explain the following concept.
Market Demand .
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
Define or explain the following concept.
Induced Consumption expenditure.
Chapter: [0.07] National Income [2.02] National Income
Define or explain the following concept.
Token coins.
Chapter: [2.04] Money
Define or explain the following concept.
Government budget.
Chapter: [2.07] Public Economics
Distinguish between Average Revenue and Average Cost.
Chapter: [0.04] Supply Analysis
Distinguish between the following.
Land and capital.
Chapter: [1.06] Factors of Production
Distinguish Between:
Partial equilibrium and General equilibrium
Chapter: [0.01] Introduction to Micro and Macro Economics
Distinguish between the following.
Metallic Money Paper Money.
Chapter: [2.04] Money
Distinguish between the following.
Commercial Bank and Central Bank.
Chapter: [2.06] Central Bank
Distinguish between the following.
Revenue expenditure and Capital expenditure.
Chapter: [2.01] Introduction to Macro Economics
Write short note on :
Giffen's paradox.
Chapter: [1.02] Consumers Behavior
Income elasticity of demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write short note on :
Difficulties in Barter Exchange (Barter System) .
Chapter: [2.04] Money
Write short note on :
Credit Creation.
Chapter: [2.05] Commercial Bank
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Write short answer for the following question.
Explain the Law of Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write short answer for the following question :
Explain the increase in supply and decrease in supply.
Chapter: [1.04] Analysis of Supply
Write short answer for the following question :
What is the importance of the study of Micro Economics?
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Write short answer for the following question :
Explain the Fectors Determinants of Elastacity of Demand?
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Explain any four features of national income.
Chapter: [0.07] National Income
Write short answer for the following question :
Explain qualitative meansures of credit contorl adopted by the Central Bank.
Chapter: [2.06] Central Bank
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 reason, whether you agree or disagree with the following statement:
Price elasticity of demand can not be measured by using geometric method.
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Explain with reason, whether you agree or disagree with the following statement:
There is direct relationship between price and quantity supplied.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Explain with reason, whether you agree or disagree with the following statement:
Aggregate supply is influenced only by availability of natural resources.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
Explain with reason, whether you agree or disagree with the following statement:
Commercial banks perform agency functions to earn profit.
Chapter: [2.05] Commercial Bank
Explain with reason, whether you agree or disagree with the following statement:
There is difference between Micro Economics and Macro Economics.
Chapter: [2.01] Introduction to Macro Economics
State and explain in detail the Law of Diminishing Marginal Utility ?
Chapter: [1.02] Consumers Behavior
Assumption to the Law of diminishing Marginal util.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Exceptions to the Law of diminishing Marginal Util.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Write explanatory answer.
Define perfect competition and explain price determination under perfect competition.
Chapter: [1.05] Types of Market and Price Determination Under Perfect Competition
Write explanatory answer:
Explain the output method of measuring national income.
Chapter: [0.07] National Income [2.02] National Income
Write explanatory answer:
What is Aggregate demand ? Explain the determinants of Aggregate demand.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
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