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: 2017-2018
Date: July 2018
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Micro Economics is also called as ______.
Income theory
Price theory
Growth theory
Employment theory
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Fill in the blank with appropriate alternatives given below:
Income elasticity of demand for inferior goods is __________.
positive
negative
zero
greater than one
Chapter: [0.032] Elasticity of Demand [1.03] Analysis of Demand and Elasticity of Demand
Fill in the blank with appropriate alternatives given below
That part of income, which is not spent on consumption, is called __________.
expenditure
saving
investment
publicdebt
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
Fill in the blank with appropriate alternatives given below
__________ is an example of direct tax.
Excise duty
Wealth tax
Sales tax
Gifts
Chapter: [2.07] Public Economics
Chapter: [2.05] Commercial Bank
Match the following words from group 'A' and 'B'
|
Group 'A'
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Group 'B'
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(a) Production
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(1) Average Expenditure
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(b) Tea and coffee
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(2) Personal Income - Direct taxes.
|
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(3) Stock
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(3) Substitute goods.
|
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(4) Disposable income
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(4) Central bank
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(5) Credit control
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(5) Complementary goods.
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(6) Potential supply
|
|
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(7) Commercial bank
|
|
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(8) Creation of utility.
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Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
State whether the following statement is True or False:
Demand for luxurious goods is elastic .
True
False
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is TRUE and FALSE.
Supply is indirectly related to price.
True
False
Chapter: [1.04] Analysis of Supply
State whether the following statement is true or false.
Metallic coins are easily portable than paper notes.
True
False
Chapter: [2.04] Money
State whether the following statement is TRUE and FALSE.
In a monopoly market, firm and industry are the same.
True
False
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.
Commercial banks are the backbone of modern economy.
True
False
Chapter: [2.05] Commercial 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 concept.
Macro economic variables.
Chapter: [2.01] Introduction to Macro Economics
Define or explain the following concept
Marginal Cost.
Chapter: [1.02] Consumers Behavior
Define or explain the following concept:
Monopolistic 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 concept.
Partial equilibrium
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Define or explain the following concept:
Entrepreneur
Chapter: [1.06] Factors of Production
Define or Explain the following concept.
Moral suasion
Chapter: [2.06] Central Bank
Give reason or explain the following statement.
Micro Economic theories are based on certain assumptions.
Chapter: [1.01] Introduction to Micro Economics
Give reason or explain:
Utility is a subjective concept.
Chapter: [1.02] Consumers Behavior
Give reason or explain the following statement
Demand for necessary goods is inelastic.
Chapter: [1.02] Consumers Behavior
Give reason or explain the following statement:
Paid services are included in national income.
Chapter: [0.07] National Income [2.02] National Income
Give reason or explain.
There are many subjective factors determining consumption function.
Chapter: [2.03] Determinants of Aggregates
Give reason or explain.
Central Bank acts as a lender of the last resort.
Chapter: [2.06] Central Bank
Distinguish between:
Expansion of demand and Contraction of demand.
Chapter: [0.031] Demand Analysis
Distinguish between the following.
Micro Economics and Macro Economics.
Chapter: [2.01] Introduction to Macro Economics
Distinguish between:
Output method of measuring national income and Income method of measuring national income.
Chapter: [0.07] National Income [2.02] National Income
Distinguish between -
Commodity money and metallic money
Chapter: [2.04] Money
Distinguish between:
Deficit budget and balanced budget
Chapter: [0.08] Public Finance in India [2.07] Public Economics
Distinguish between the following:
Individual Supply and Market Supply
Chapter: [1.04] Analysis of Supply
Explain the features of microeconomics.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
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Write Short note on the following.
Ratio method of measuring price elasticity of demand ?
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Name and explain the types of monopoly.
Chapter: [0.05] Forms of Market
Write short note on the following:
Qualities of an entrepreneur
Chapter: [1.06] Factors of Production
Answer the following question .
Explain the types of utility.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Answer the following question
What are the features of Perfect Competition?
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Answer the following question.
What is the subject matter of macro economics?
Chapter: [2.01] Introduction to Macro Economics
Answer the following question.
State the objective factors determining consumption function.
Chapter: [1.02] Consumers Behavior
Answer the following question:
Explain various types of deposits.
Chapter: [2.05] Commercial Bank
Answer the following question.
What are the sources of non - tax revenue ?
Chapter: [2.06] Central Bank
State with reason whether you agree or disagree:
There are no real exceptions to the law of Diminishing Marginal Utility.
Agree
Disagree
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Do you agree with the following statement? Give reason
Many factors influence the demand for a commodity.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State with reason whether you 'agree' or 'disagree' with the following statement.
Barter system did not have any difficulty.
Agree
Disagree
Chapter: [2.04] Money
Do you agree or disagree with the following statement? Give reason.
Price is the only determinant of supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
State with reason whether you agree or disagree with the following statement.
Commercial banks perform many general utility services.
Chapter: [2.05] Commercial Bank
State with reason Whether you 'agree' or 'disagree' with the following statement .
Central bank works as a banker to the goverment.
Chapter: [2.06] Central Bank
Write Explanatory answer.
State and explain the law of demand with its exception.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write an explanatory answer :
What is the price elasticity of demand? Explain the types of price elasticity of demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Write an explanatory answer.
Explain the practical (statistical) difficulties involved in the estimation of national income.
Chapter: [0.07] National Income
Write explanatory answer.
What is 'aggregate supply'? Explain the determinants of aggregate supply.
Chapter: [0.031] Demand Analysis [2.03] Determinants of Aggregates
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