HSC Commerce (English Medium)
HSC Arts (English Medium)
HSC Commerce: Marketing and Salesmanship
Academic Year: 2017-2018
Date: March 2018
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The terms Micro and Macro Economics were first used by _____________.
Adam Smith
Robbins
Ragner Frisch
Marshall
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
................ consumption can not be zero.
(Induced / Autonomous / Government / Private)
Chapter: [2.03] Determinants of Aggregates
During depression _____________ budget is preferable. (balanced/surplus deficit/zero)
Chapter: [2.07] Public 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
Fill in the blank using proper alternatives given in the bracket:
............................... is a primary function of commercial bank.
Purchase and sell securities
Accept deposits
Safe deposit vault
Letter of credit
Chapter: [2.05] Commercial Bank
Match the following :
| Group 'A' | Group 'B' |
| (a) Demand and price | (1) wages |
| (b) Perfectly elastic supply | (2) Vertical supply curve |
| (c) Land | (3) Transfer income |
| (d) Unemployment allowance | (4) Horizontal supply curve |
| (e) Reserve Bank of India | (5) Inverse relation |
| (6) Rent | |
| (7) 1935 | |
| (8) Direct relation |
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is true or false :
Concept of ‘elasticity of demand’ is useful for the finance minister.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
State whether the following statement is true or false :
Supply of perishable goods is inelastic.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
State whether the following statement is true or false :
Under perfect competition price is determined by equilibrium of demand and supply.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
State whether the following statement is true or false :
Token coins are such coins whose face value is greater than their intrinsic value.
Chapter: [2.04] Money
State whether the following statement is true or false :
Credit control is the function of commercial banks.
Chapter: [2.05] Commercial Bank
State whether the following statement is true or false:
Central bank also performs commercial banking business.
Chapter: [2.05] Commercial Bank
Define or explain the following concept :
Individual economic unit
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Define or explain the following concept :
Marginal utility.
Chapter: [0.02] Utility Analysis [1.02] Consumers Behavior
Define or explain the following concept :
Elasticity of demand .
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
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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 following concept :
Effective demand .
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Define or explain the following concept :
Budget .
Chapter: [0.08] Public Finance in India [2.07] Public Economics
Give reason or explain the following statement:
The supply of agriculture commodity is relatively inelastic.
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Give reason or explain the following statement:
A monopolist can control the supply of goods .
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Give reason or explain the following statement:
The supply of land is inelastic .
Chapter: [0.04] Supply Analysis [1.04] Analysis of Supply
Macro economics is different from micro economics.
Agree
Disagree
Chapter: [0.01] Introduction to Micro and Macro Economics
Give reason or explain the following statement:
As a banker for the government, the central bank transfers government funds.
Chapter: [2.06] Central Bank
Give reason or explain the following statement:
Micro economics is also known as price theory.
Chapter: [0.01] Introduction to Micro and Macro Economics [1.01] Introduction to Micro Economics
Distinguish between Desire and Demand.
Chapter: [1.03] Analysis of Demand and Elasticity of Demand
Slicing method and Lumping method.
Chapter: [1.01] Introduction to Micro Economics
Distinguish between the following :
Paper money and Metallic coins.
Chapter: [2.04] Money
Distinguish between the following :
Quantitative and Qualitative measures of credit control.
Chapter: [2.05] Commercial Bank
Distinguish between the following :
Output method and Income method of measuring national income.
Chapter: [0.07] National Income [2.02] National Income
Distinguish between Average Revenue and Average Cost.
Chapter: [0.04] Supply Analysis
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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Explain the Total expenditure method and Geometric method of measuring price elasticity of demand.
Chapter: [0.032] 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 note :
Features of labour.
Chapter: [1.06] Factors of Production
Answer the following question :
Explain the relationship between ‘total utility’ and ‘marginal utility’.
Chapter: [1.02] Consumers Behavior
Answer the following question :
What are the features of monopolistic competition ?
Chapter: [0.05] Forms of Market [1.05] Types of Market and Price Determination Under Perfect Competition
Answer the following question :
What are the features of macroeconomics ?
Chapter: [1.01] Introduction to Micro Economics
Answer the following question :
Explain the types of investment expenditure.
Chapter: [1.02] Consumers Behavior
Answer the following question :
What are the different types of loans provided by commercial banks ?
Chapter: [2.05] Commercial Bank
Answer the following question :
Explain the development and non-development expenditures of government .
Chapter: [1.02] Consumers Behavior
Explain with reason whether you 'agree' or 'disagree' with the following statement:
Law of diminishing marginal utility depends upon various assumptions.
Chapter: [1.02] Consumers Behavior
Explain with reason whether you 'agree' or 'disagree' with the following statement:
There are many types of demands.
Chapter: [0.031] Demand Analysis [1.03] Analysis of Demand and Elasticity of Demand
There are no exceptions to the law of supply.
Agree
Disagree
Chapter: [0.04] Supply Analysis
Explain with reason whether you 'agree' or 'disagree' with the following statement:
Barter system had many difficulties.
Chapter: [2.04] Money
Central Bank has the sole power of issuing currency notes.
Chapter: [2.06] Central Bank
Explain with reason whether you 'agree' or 'disagree' with the following statement:
Overdraft facility is not provided to the current account holders.
Chapter: [2.04] Money
Explain the law of demand with its assumptions.
Chapter: [0.031] Demand Analysis [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 explanatory answer
State and explain J.M. Keynes's ‘psychological law of consumption’.
Chapter: [1.02] Consumers Behavior
Write explanatory answer:
Explain the output method of measuring national income.
Chapter: [0.07] National Income [2.02] National Income
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