Economics – Important Questions Bank for Gujarat Board HSC 2016 Examination

Economics – Important Questions Bank for Gujarat Board GSEB 2016 Examination.

We had mentioned some tips for cracking the HSC Gujarat Board exam here: HSC Study Tips to Crack HSC Exams.

We had also shared Important Questions Bank for HSC Examination 2016 and students have really appreciated it and showered us with love last year.

Today, we are posting the Economics – Important Questions Bank for Gujarat Board HSC 2016 Examination to make life easy for all you HSC students.

Without making you wait any further, please find the questions below:

(i) income method, and (ii) expenditure method

(Rs. in crores)

(i) Private final consumption expenditure 1,000
(ii) Net domestic capital formation 200
(iii) Profits 400
(iv) Compensation of employees 800
(v) Rent 250
(vi) Government final consumption expenditure 500
(vii) Consumption of fixed capital 60
(viii) Interest 150
(ix) Net current transfers from rest of the world (-) 80
(x) Net factor income from abroad (-) 10
(xi) Net export (-) 20
(xii) Net indirect taxes 80

2. Why does an economic problem arise?

3. State the ‘law of demand’ What is meant by the assumption ‘other things remaining the same’ on which the law is based?

4. What do you mean by Exchange Rate ? Explain the main factors which influencing Exchange Rates.

5. Explain the. problem of ‘for whom to produce’.

6. Explain the industrial classification of production units for estimating domestic product.

7. What changes will take place to bring an economy in equilibrium if

(i) planned savings are greater than planned investment and

(ii) planned savings are less than planned investment.

8. Given consumption function C = 100+0.75 Y (where C = consumption expenditure and Y = national income) and investment expenditure Rs. 1000, calculate:

(i) Equilibrium level of national income.

(ii) Consumption expenditure at equilibrium level of national income.

9. Explain the industrial classification of production units for estimating domestic product.

10. Explain any four main objectives of planning in India.

11. Giving reasons, categories the following into producer and consumer goods:

(a) Sewing machine purchased by a household

(b) Milk purchased by a restaurant

(c) Stationery purchased by a bank

(d) A pen purchased by a student

12.  How will you treat the following while estimating domestic factor income of India?

13. Explain the law of demand with the help of a demand schedule. Also explain any two exceptions to this law.

14. Distinguish between:

(i) Direct tax and indirect tax

(ii) Revenue deficit and fiscal deficit

15. Give reasons for your answer.

(i) Remittances from non-resident Indians to their families in India.

(ii) Rent paid by the embassy of Japan in India to a resident India.

(iii) Profits earned by branches of foreign bank in India.

16. How can a government budget help in reducing inequalities of income? Explain.

17. Explain the following objectives of budgetary policy

(a.) Price stability

(b) Promoting economic growth

18. If disposable income is Rs.1000 and saving is Rs.250, find out APC.

19. Define marginal revenue

20.  What is current Deposited Account ?

21. What is the price elasticity of supply of a commodity whose straight line supply curve passes through the origin forming an angle of 75??

22. What is money cost ?

23. What is average propensity to same ?

24. What is Investment ? Multiplier & give a formula of Investment Multiplier.

25. Define the concept of the domestic product at market price.

26. Due to 15% decline in price of a good, its demand gets increase from 1,000 units to 1,200 units. Calculate the
elasticity of demand by percentage method.

27. Give the meaning and two examples of capital receipts.

28. Explain the circular flow of income.

29. Distinguish between intermediate products and final product products. Give examples.

30. Explain the meaning and two merits of fixed foreign exchange rate.

31.  State the four functions of money. Explain any one of them.

32.  Giving reasons, state whether the following statements are true or false:

(i) When there are diminishing returns to a factor, total product always decreases.

(ii) Total product will increase only when marginal product increases.

(iii) When marginal revenue is zero, average revenue will be constant.

33. With the help of a diagram explain the effect of “decrease” in demand of a commodity on its equilibrium price and quantity.

34. Distinguish between a normal good and an inferior good. Give example in each case

35. Why is a firm under Perfect Competition a price-taker? Explain.

Let’s try to make this a two way exercise. While we gather the question banks, you might have some inputs on this too! Please use the comments box below and post questions that you think are important from your analysis. It would help the HSC community a lot.

Do subscribe to our updates so that you do not miss out on any important information that we push your way.

You must share this link on your social media of Facebook, Twitter or Google Plus to unlock the content.

Don’t forget to read: MUST REMEMBER THINGS on the day of Exam for HSC Students

Best of luck for your exams. Do leave a comment below if you have any questions or suggestions.

For More click Here:

Biology, Physics, Chemistry, Business Study, Element of Accounts

One thought on “Economics – Important Questions Bank for Gujarat Board HSC 2016 Examination”

Ask us anything about HSC