Economics  – Important Question Bank for Bihar Class 12th Intermediate (HSC) Board Exam 2017 

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After the tremendous success of our last year Important Questions Bank for Bihar Class 12 Intermediate (HSC) Board Exam 2016, we have also created a list of Most Important Questions Bank for  Bihar Class 12 Intermediate (HSC) Board Exam 2017 which are likely to appear in HSC Board Exams this year.

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Bihar Economics question

  1. Define oppurtunity Cost
  2. What do u mean by micro Economics and its scope.
  3. Differentiate between superior and inferior goods
  4. What do you mean by price elasticity? and its types.
  5. Law of increasing return or Law of decreasing cost theory
  6. What is utility
  7. What is the relationship between Marginal utility and Total utility?
  8. What is Indifference Curve?
  9. What is Law of demand? Also explain its assumptions
  10. What is Expansion of demand?
  11. What is elasticity of demand?
  12. What is elasticity of demand for a necessary good?
  13. What do you mean by national income? Discuss the difficulties of its measurement
  14. Marginal revenue and Average Revenue
  15. Monetary Cost
  16. Prime cost and supplementary cost
  17. Define balance of Trade
  18. Define foreign exchange market
  19. Describe limitation of utility analysis
  20. Discuss determinant of market demand
  21. Foreign Exchange Market
  22. Uses of National income accounting
  23. Law of supply
  24. Consumer equilibrium with assumptions
  25. Explain tertiary function of money
  26. Characteristics of capitalist economics
  27. Circular flow of income
  28. Define foreign exchange market and its function
  29. Adverse effect of price ceiling and rationing
  30. meaning of net resource Income in foreign.  How does it differ from Net Export
  31. Explain the concept of MEC. How it is measured,
  32. If national income is Rs 80 cr. and consumption expenditure is Rs 64 cr ; then calculate average propensity to save (APS). If income increases to Rs 100 cr and consumption expenditure increases to Rs 78 cr then calculate APC and MPC.
  33. Explain inflationary gap with the help of a suitable diagram. How it affects prices and employment.
  34. What is deficient demand? How it affects employment in the economy? How it is corrected?
  35. What do you mean by deflation? Does it affect price and output? Give reasons
  36. Explain the merits and demerits of a flexible exchange rate.
  37. How employment is determined by saving and investment?
  38. What is excess demand in an economy? How it can be controlled?
  39. Explain with suitable examples progressive tax, proportional tax and regressive tax
  40. What reforms were brought in banking sector during 1992-2006?
  41. Why and when Goiporia Committee was constituted? What were its recommendations?
  42. Explain with the help of suitable diagram the determination of income employment and output levels in the economy.
  43. Explain the difference between ex-ante saving and investment and ex-post saving and investment
  44. Define investment multiplier. How it is related with marginal propensity to consume?
  45. Explain the forward and backward action of a multiplier.
  46. Distinguish between balanced budget, surplus budget and deficit budget.
  47. What is barter system? Explain its disadvantages
  48. Explain the evils of money.
  49. What is Consumption?
  50. What is Normative Economics?
  51. What is Production Possibility Curve?
  52. What are the different types of Economic systems?
  53. Write two causes of the problem of choice
  54. What is the meaning of Economic problems?
  55. Write the formula of percentage method for measuring elasticity of demand?
  56. Write the formula for measuring elasticity of demand straight line demand curve
  57. What do you understand by Variable factors?
  58. When is total production maximum?
  59. Write stages of Laws of Variable Proportion .
  60. What is Total cost and Marginal cost?
  61. When AC falls, what is the behavior of MC curve ?
  62. When Marginal Revenue is Zero, what is Total Revenue ?

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Important Question Bank 2017 for Bihar Board

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