51 Economics Important Question Bank for Jharkhand class 12th Intermediate (HSC) Board Exam 2018

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After the tremendous success of our last year Important Question Bank for Jharkhand class 12 (JAC) HSC Board Exam 2016, and 2017 we have also created a list of  Most Important Question Bank for Jharkhand class 12 Inter (HSC) Board Exam 2018 which are likely to appear in HSC Board Exams this year.

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1.Explain voluntary and involuntary unemployment.
2. What are the uses of accounting National Income ?
3. What do you mean by Intermediate goods ?
4. What is Maginal Propensity To consume (MPC)
5. What are the factors determining the demand of a Comanodity?
6. What do you understand by the concept of full employment ? Does it refer to a situation of Zero unemployment ?
7. Explain the concept of ‘Inflationary Gap’
8.  Marginal Propensity to consume in an economy is 0.8 . If investment expenditure is Rs. 400 crores, find total increase in income and consumption expenditure
9. Discuss the difference between Balance of Trade and Balance of Payments.
10. Explain balanced budget, surplus budget and deficit budget.
11. What is monetary policy?
12. What are the causes of adverse balance of payment ?
13. If, MPC = ½ then calculate the value of multiplies
14. Explain three stages of circular flow of national Income.
15. Distinguish between Development expenditure and Non Development expenditure.
16. Explain the behaviowe of Average cost crve in the short run
17. State the features of a monopoly Market.
18. What do you mean by consumer’s equilibrium ? Write the conditions of consumer’s equilibrium.
19.  Mention three important functions of Central Bank.
20. If MPC = 8.5, What is the value of multiplier. Calculate
21.  Marginal Propensity to consume in an economy is 1.2 . If investment expenditure is Rs. 900 crores, find total increase in income and consumption expenditure
22. Explain the law of diminishing marginal utility.
23. What do you mean by circular flow of income ?
24. How is new equilibrium struck when supply or demand carve tends to shift ?
25. Distinguish between economic goods and free goods
26. Distinguish between fived cost and variable cost.
27. How is price determined under perfect competition?
28. Explain laws of returns to scale with suitable diagram.
29. What is mean by revenue deficit.
30. What are main functions of money?
31. Explain methods of credit control.
32. Explain concept of balanced budget.state its merits and demerits.
33. What are uses of accounting national function?

34. What is micro economics?
35. Who wrote the book “wealth of nations”?
36. Explain the concept of ‘Inflationany Gap
37. Explain any three centrol problems of an economy.
38. Define ‘Demand’.
39. What is average Product ?
40. What is budget?

41.What do you understand by the concept of full employment ? Does it refer to a situation of Zero unemployment ?

42. Explain the concept of ‘Inflationary Gap’

43. Marginal Propensity to consume in an economy is 0.8 . If investment expenditure is Rs. 400 crores, find total increase in income and consumption expenditure

44. Discuss the difference between Balance of Trade and Balance of Payments.

45. Explain balanced budget, surplus budget and deficit budget.

46. What is monetary policy?

47. What are the causes of adverse balance of payment ?

48. If, MPC = ½ then calculate the value of multiplies

49. Explain three stages of circular flow of national Income.

50. Distinguish between Development expenditure and Non Development expenditure.

51. What is the difference between Gross Domestic product (GDP) and Gross National Product (GNP)

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