Very Important Questions Collection – All Unit | Economics Class 12

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economicsHSEB Exam | Questions Collection
Very Important Questions Collection
For: Management | Economics Class 12
From: All Unit

We have listed some very Important Questions. The repeating frequency of this questions are Comparatively High. This questions are asked on lots of previous papers.

Unit One: Market Economy, Demand, Supply, Equilibrium of Demand Supply
Long Questions:

  1. Explain the law of demand.Give its exception?
  2. What is shift in demand curve? what are its causes?
  3. Explain causes of rightward shift in demand curve and causes of rightward shift in supply curve?

Short Questions:

  1. Explain law of supply and shift in supply curve?
  2. Explain market economy?

Unit Two: Elasticity of Demand and its measurement.
Long Questions:

  1. What is price elasticity of demand? what are its determinants and types?
  2. How price elasticity of demand can be measured with the help of total outlay method?

Short Questions:

  1. Define cross elasticity of demand?

Unit Three: Theory of Consumers Behavior
Long Questions:

  1. Explain law of substitution with help of table and diagram.What are its assumptions?
  2. What is law of diminishing marginal utility.Explain it with the help of a table and diagram and write its limitation?
  3. State and explain the law of equi-marginal utility?

Short Questions:

  1. Explain the law of consumer’s surplus?

Unit Four: Factors of Production
Long Questions:

  1. Explain the Malthusian theory of population?
  2. What is division of labour? what are its advantage and disadvantage?
  3. What is efficiency of labour? what are its advantage and disadvantage and what are its determinants?

Short Questions:

  1. Explain characteristics of land, partnership and labour?

Unit Five: Theory of Production
Long Questions:

  1. Explain the law of variable proportions?

Short Questions:

  1. Explain increasing returns to scale and constant return to scale?
  2. Relationship between marginal production and total production?

Unit Six: Revenue and Cost Curves
Long Questions:

  1. Explain short run average cost curves and total cost curves?
  2. Explain average revenue(AR), marginal revenue(MR) and total revenue(TR) and its relationship among them?

Unit Seven: Theory of Price and Output Determination
Long Questions:

  1. What is perfect competition? How are price and output determined under it?
  2. What is monopoly?How price and output determined under it?

Short Questions:

  1. Explain characteristics of monopoly and perfect competition?

Unit Eight: Theory of Factor Pricing
Long Questions:

  1. Critically explain Recardian theory of rent?
  2. Critically explain the classical theory of interest?

Short Questions:

  1. Explain the subsistence theory of wages?
  2. Explain wage fund theory?

Unit Nine: Money
Long Questions:

  1. Critically explain the quantity theory of money or fisher’s quantity theory of money?

Short Questions:

  1. What are function of money?
  2. Explain the concept of inflation and deflation?

Unit Ten: Banking
Long Questions:

  1. Explain the function of commercial banks and central bank?

Short Questions:

  1. Define money and capital market?

Unit Eleven: Government Finance
Long Questions:

  1. What is direct tax and indirect tax? Explain its merits and demerits of both?
  2. What is budget?what are the process of budget formulation?

Short Questions:

  1. What is important of government expenditure?
  2. Write characteristics of good tax system?
  3. What are source of government revenue?

Unit Twelve: International Trade
Long Questions:

  1. Explain the comparative cost theory of international trade?

Short Questions:

  1. What is free trade? What are advantage and disadvantage of free trade?

Posted By : MeroSpark | Comment RSS | Category : Class XII, HSEB Notes
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One Comment

  1. Kumar thapa
    Posted April 6, 2017 at 10:17 pm

    Its very good collection

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