XII Economics Question Bank

(A) Short Notes :

1)        Features of Macro economics               

2)        Determinants of aggregate demand     

3)        Psychological Law of consumption       

4)        Methods of measuring National Income                                   

5)        Saving function                                       

6)        Features of Land                                     

7)        Determinants of Aggregate supply          

8)        Functions of Entrepreneur                    

9)        Features of National Income

10)     Features of Micro economics                

11)     Factors affecting consumption function          

12)     Determinants of Demand                                   

13)     Features of Labour                      

14)     Functions of money                                

15)     Process of credit creation           

16)     Components of budget

17)     Features of utility

18)     Determinants of market supply

19)     Scope of Micro and Macro economics

20)     Types of Utility

21)     Types of elasticity of supply                   

22)     Features of Monopolistic Competition  

23)     Features of Perfect Competition

24)     Types of Demand

25)     Methods of measuring elasticity of supply

26)     Types of budget

27)     Factors affecting elasticity of demand

28)     Types of Capital

(B) Distinguish Between:

1)      Marginal Utility and Total Utility                                                                         

2)      Individual Supply and Market Supply

3)      Perfect Competition and Monopolistic Competition                                                  

4)      Demand curve and Supply curve

5)      Natural monopoly and legal Monopoly                                                            

6)      Central Bank and Commercial Bank

7)      Micro and Macro economics                                                                  

8)      Increase in demand and decrease in demand

9)      Partial equilibrium and General equilibrium                                                               

10)   Perfect Competition and Pure Competition

11)   Surplus budget and Deficit budget

12)   Perfectly elastic demand and perfectly inelastic demand

13)   Gross National Product and Gross Domestic Product

14)   Aggregate Demand and Aggregate Supply

15)   Direct tax and Indirect tax

16)   Consumption and Saving

17)   Paper money and Metallic money

18)   Output method and Income method of measuring National Income

      19)   Convertible paper money and Inconvertible paper money.

20)   Current Account and Saving Account                                                 

21)   Land and Capital                                                 

22)   Quantitative and Qualitative credit control measures                                                

23)   Revenue Budget and Capital Budget

24)   Stock and supply

(C) Long Questions:

1)      State and Explain Law of Demand along with its assumptions and exceptions

2)      Define elasticity of demand. Explain the various types of price elasticity of demand.

3)      Explain the difficulties in measurement of National Income.

4)      Define commercial Bank. Explain its functions.

5)      State and Explain Law of Supply along with its assumptions and exceptions.

6)      Define Central Bank. Explain its functions.

7)      How equilibrium price is determined under Perfect Competition?

8)      State and Explain Law of DMU along with its assumptions and exceptions.

9)      Explain the methods of measuring elasticity of demand.

10)    Explain the different methods of credit controlled adopted by Central Bank