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After the tremendous success of our last year Important Questions Bank for Tamil Nadu HSC (12th Std) Board Exam 2017, we have also created a list of 51 Most Important Question Bank for Tamil Nadu (12th Std) HSC Board Exam 2018 which are likely to appear in HSC Board Exams this year.
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Economics – Important Question Bank :
- Describe the Law of Diminishing Marginal Utility with a diagram?
- What are assumptions of Law of Dimnishing Marginal Utility.
- What is equilibrium price ?
- Name the types of utility
- Explain the difficulties of barter system.
- Bring out the distinction between short run and long run.
- State Alfred Marshall’s definition of economics.
- Explain various costs incurred by the firm
- Explain the law of supply with a suitable diagram.
- Explain the shift in demand with the help of a diagram.
- Discuss Keynesian theory of interest.
- Explain features, merits and demerits of socialism.
- Explain the difference between value-in-use and value-in- exchange.
- Describe the characteristics of capital.
- What is opportunity cost ?
- Profit is the reward for risk-taking and uncertainty – bearing.
- How is the equilibrium price determined in the market period ?
- Discuss the law of demand.
- Define Public Finance.
- What are the conditions of price discrimination?
- Discuss the nature and importance of economics laws.
- Explain the Indifference Curve Approach
- Write a note on Incomes Policy.
- What is “Transfer earnings”?
- Differentiate the perfect competition from monopoly.
- What are the merits and demerits of a mixed economy?
- Explain the characteristics of human wants.
- Describe the consumption function with a diagram
- Distinguish between total and marginal utility.
- Explain TC, AC and MC curves.
- Write a note on Giffen Paradox.
- Differentiate between the direct and indirect taxes ?
- Describe the functions of money
- What are the functions of entrepreneur?
- What are the types of elasticity of demand ?
- Explain the advantages and disadvantages of monopoly
- Explain with a suitable diagram : a. Market price; b. Short period price; c. Long period price.
- What are the characteristics of labour ?
- Define Budget. Explain the balanced and unbalanced budget.
- Describe the kinds of economies of scale
- Discuss the causes, effects and remedies for inflation.
- What are the three motives of liquidity preference theory?
- Explain the marginal cost with suitable illustration.
- Explain the features of perfect competition.
- What are the assumptions of marginal productivity theory of distribution ?
- What is effective demand?
- Write a note on Aggregate Demand and Aggregate Supply.
- What are the instruments of quantitative credit control ?
- What are the objectives and limitations of fiscal policy ?
- What is VAT?
- Who is the author of the rent theory of profits ?
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