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After the tremendous success of our last year Important Questions Bank for Tamil Nadu HSC (12th Std) Board Exam 2017, 2018 and 2019 we have also created a list of Important Question Bank for Tamil Nadu (12th Std) HSC Board Exam 2020 which are likely to appear in HSC Board Exams this year.
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ECONOMICS- IMPORTANT QUESTION BANK
- What is meant by “Product differentiation”?
- How an equilibrium price and an equilibrium quantity of a normal commodity are affected by an increase in an income of the buyers? Explain with the help of diagram.
- Differentiate the perfect competition from monopoly.
- What is double counting in economy? How can it be avoided?
- Distinguish between a firm and an industry.
- What are the features of monopolistic competition?
- What are the limitations of fiscal policy?
- Explain the relationship between SAC and SMC. Draw the diagram.
- What are the different methods of measuring price elasticity of demand?
- Write a note on monopoly. Explain the advantages and disadvantages of monopoly.
- Explain the factors affecting the market demand of a commodity.
- Explain the types of elasticity of demand.
- Explain the factors determining supply.
- Describe consumer’s equilibrium with the help of indifference map.
- Explain how controlling money supply is helpful in reducing excess demand.
- Write a note on inflation. Define the effects and remedies for inflation.
- Explain the important source of tax and non-tax revenue of the state government.
- Define fixed cost. Give an example. Explain with reason the behavior of Average Fixed Cost as output is increased.
- What are the assumptions of marginal productivity theory of distribution?
- Explain the types of internal economies of scale.
- An economy is in equilibrium. Calculate Marginal Propensity to Consume: National income = 1000 Autonomous consumption expenditure = 200 Investment expenditure = 100
- Explain Consumer’s surplus assumption, importance and criticism.
- Examine the effect of (a) fall in the own price of good X and (b) rise in tax rate on good X, on the supply curve. Use diagrams.
- Describe Loanable? funds theory of interest. Examine Lionel Robbins’s definition of economics
- What is a balanced government budget explain the multiplier effect of a balanced budget.
- What is aggregate demand? State its components.
- What are the assumptions of Keynes’s simple income determination? Explain Keynesian theory of interest.
- Define and explain the importance of “scarcity” and ‘opportunity’ in economics.
- Explain the merits and demerits of division of labour.
- State the functions of money.
- Give the meaning of foreign exchange and foreign exchange rate. Giving reason, explain the relation between foreign exchange and demand for foreign exchange.
- Why do central problems of an economy arise? Explain the central problem of “for whom to produce”?
- What is capitalist economy? Explain the features of capitalist economy.
- What is Macroeconomics and Microeconomics and what is the connection between the two?
- Explain the leading functions of commercial banks.
- Explain the distinction between autonomous and accommodating transactions in balance of payments. Explain the concept of balance of payment deficit.
- Define cost concept. What are the different types of cost?
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