Economics – Important Question Bank for Odisha plus 2  class 12th (HSC) Board Exam 2019

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After the tremendous success of our last year Important Question Bank for Odisha + 2 Board Exam 2016 and 2017 we have also created a list of  Most Important Question Bank for Odisha plus 2  class 12th (HSC) Board Exam 2017 which are likely to appear in HSC Board Exams this year.

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  1. Write the correct answer choosing from the alternatives given in each question :
    1. Which one of the following is not a function of the commercial banks ?
        1. Acceptance of deposit
        2. Advancing loan
        3. Credit creation
        4. Note issue
    2. Which one of the following is non-plan expenditure ?
        1. Interest payment
        2. Expenditure on defence
        3. Subsidies
        4. All of the above
    3. Balanced budget in which:
        1. Proposed expenditure is equal to anticipated· revenue
        2. Proposed expenditure is greater than anticipated revenue.
        3. Proposed expenditure is fess than anticipated revenue
        4. None of the above.
    4. What utility means?
    5. What is national Income?
    6. Which one of the following is to be deducted from personal income to get disposable personal income ?
        1. Direct tax
        2. Fees and fines paid to the government
        3. Transfer income
        4. Both (a) and (b)
    7. Which one of the following is the unit of account in India ?
        1. Ten rupees
        2. One rupees
        3. Hundred rupees
        4. Rupee
    8. What is opportunity cost?
    9. Differentiate between marginal revenue and average revenue.
    10. State the features of Monopoly.
    11. Distinguish between Gross profit and net profit.
    12. What is aggregate supply ?
    13. What is forfeiture?
    14. What is budget?
    15. What is quasi-rent?
    16. What is Monopoly profit?
    17. What is macroeconomics?
    18. What is fixed cost?
    19. What is supply?
    20. What is market?
    21. What is oligopoly?
    22. Distinguish between demand deposit and fixed deposit
    23. Differentiate between developmental expenditure and non developmental expenditure..
    24. Differentiate Nominal GDP and Real GDP
    25. Distinguish between household consumption demand and private investment demand.
    26. Describe the circular flow of income in as two sector economy.
    27. Discuss the function of the central bank.
    28. Describe the factors determining real wage.
    29. Explain how price is determined under perfect competition.
    30. Explain the law of Equi-marginal utility.
    31. Discuss the central problems of an economy.
    32. When rate of interest increases investment increases. Why?
    33. Why agriculture is included in the secondary sector.
    34. State the four components of simple economy aggregate.
    35. What is residual income?
    36. Differentiate between free goods and economic goods.
    37. Distinguish between perfectly elastic demand and perfectly inelastic demand.

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