SENIOR SECONDARY EXAMINATION 

ECONOMICS

( Section – A)

1. Write the meaning of diminishing rate of substitution
2. Write the meaning of Centrally Planned Economy
3. What is demand function?
4. What is the short run period ?
5. Define Oligopoly.
6. Give an example of market economy.
7. Write the name of Keynes’s famous book.
8. Give the meaning of velocity of circulation of money.
9. Explain the situation of zero excess demand and zero excess supply.
10. What is the remuneration of human labour ?
11. What is meant by liquidity preference ?
12. Give any two deficiencies of barter system.

( Section – B)

13. Write any two central problems of an economy.

14. What are meant by direct taxes and indirect taxes ?

15. Explain the diminishing rate of substitution.

16. Give any two differences between Micro and Macro – economics.

17. Draw a diagram showing optimum combination of consumer.

18. Mention any two characteristics of oligopoly market

19. Clarify the difference between average revenue and marginal revenue.

20. Calculate the ex-ante aggregate demand, when the ex-ante consumption expenditure is Rs. 250 Cr. and the ex-ante investment expenditure is Rs. 100 Cr. in an economy without a government.

21. Differentiate between foreign trade surplus and trade deficit

22. Explain the meaning of foreign exchange market. Mention any two participants of the market.

23. Discuss the concepts of Gross National Product and Gross Domestic Product

24. Describe any two main functions of commercial banks

25. What is reserve deposit ration ? Explain

26. Explain briefly the process of investment multiplier

( Section – C )

27. Write four instruments of monetary policy of Reserve Bank of India

28. Describe any two measures to reduce the Government Deficit

29. Explain the meaning of investment with an example. What is the deciding factor of investment decision ?

30. What is liquidity trap ? Explain with the help of a diagram

31. Give a diagrammatic representation of Gross Domestic Product by the three methods — Expenditure, Income and Product.

32. Write any four conditions of perfectly competitive market.

33. The price of a commodity is Rs. 10 and the supply is 100 units. If the price increases to Rs. 12 and supply increases to 150 units, calculate the price elasticity of supply.

34. Explain the law of variable proportions

35. What is supply curve? Suggest any three elements which determine supply curve of a firm

36. Define monopoly. Describe any three conditions of a monopolist

37. What do you understand by parametric shift?

38. What are meant by capital receipts? Mentions any two items of capital receipts.

39. Clarify the difference between balance of payments and balance of trade.

( Section – D)

40. What is meant by price elasticity of demand? Explain any four categories of price elasticity of demand

41. Explain the geometric method of price elasticity of demand with diagram

42. Explain short run marginal cost and long run marginal cost with diagram

43. Every increase in gross domestic product is not the indicator of  welfare. Clarify the statement on the basis of any three argument

44. Explain shift in the demand curve and movement along the demand curve with the help of diagrams.

45. What do you mean by the budget line and indifference curve ? Explain the indifference map with the help of a diagram

46. Differentiate between fixed input and variable input. Explain the law of Diminishing Marginal Product.

47. Discuss the short run cost curves with the help of diagrams.

48. Discuss the relationship between Gross Domestic Product and Welfare

49. Explain the following concepts :

(i) Gross Domestic Product

(ii) Gross National Product

(iii) Net National Product

(iv) Net National Product at Factor Cost

(v) Personal Income

(vi) Personal Disposable Income

50. Distinguish between the following concepts:

a) Consumer goods and capital goods

b) Intermediate goods and final goods

c) Gross investment and net investment

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