Download II PUC Economics Mock Paper I

Course: II PUC
SRI BHAGAWAN MAHAVEER JAIN COLLEGE
Subject: Economics
Vishweshwarapuram, Bangalore.
Mock Exam 1 - Feb.2015
Max. Marks: 100
Duration: 3:15 Hrs.
I.
1.
Part – A
Answer the following questions in One sentence each.
Define Economics?
2.
What is utility?
3.
What is meant by product differentiation?
4.
Write the three essentials of a market.
5.
What do you mean by marginal utility?
6.
Write the production function in mathematical form.
7.
Distinguish between narrow money & broad money?
8.
What is income according to Keynes?
9.
What are budget deficits?
10.
What do you mean by multilateral trade?
II.
11.
Part – B
Answer the following questions in Four sentence each.
What are invisible hands according to Adam Smith?
12.
Write the meaning of perfect competition.
13.
What is consumer equilibrium?
14.
What is demand schedule?
15.
What do you mean by supply?
16.
Differentiate between AFC & AVC.
17.
Differentiate between NNP & NDP.
18.
What is credit creation?
19.
What is fixed cost & variable cost?
20.
Distinguish between autonomous & induced investment.
21.
Mention any four objectives of Budget.
22.
Distinguish between narrow & broad money.
III.
23.
Part – C
Answer any eight of the following questions in Fifteen sentence each .
Write a short note on market economy & capitalistic economy.
24.
Explain the five properties of IC.
25.
What are the factors of determining price elasticity of demand?
1 x 10 = 10
2 x 10 = 20
8 x 5 = 40
II PUC (Economics) Mock Examination -1 February 2015
26.
Page: 2
AR & MR curves of a firm in perfect competition take the shape of horizontal line explain this with
diagram.
27.
Draw the demand curve with respect to monopoly market.
28.
Explain law of retunes to scale.
29.
Explain primary functions of commercial Bank.
30.
Explain the tools of fiscal polcy.
31.
What is investment? Explain the types of investment.
32.
Describe the relationship between national income & national welfare.
33.
Explain advantages of open economy.
34.
Write a note on limitations of Marco Economics.
IV.
35.
Part – D
Answer any two of the following in Forty sentences each.
2 x 10 = 20
Show how the invisible hands guide the producers & the consumers towards equilibrium market in
perfect competition.
36.
Explain functions of RBI.
37.
Explain LDMR.
38.
Explain structure of BOP. Along with this also explain theory of BOP for determining foreign.
V.
39
Part – E
Answer any Two of the following question in Fifteen sentence each.
Draw AR & MR curve By estimating following values.
P
10
20
30
30
30
40.
Q
1
2
3
4
5
TR
?
?
?
?
?
AR
?
?
?
?
?
2 x 5 = 10
MR
?
?
?
?
?
Explain the concept of Multiplier. If MPC is O.7 calculate the value of Multiplier & State the
formula. Give the Implication of multiplier value.
41.
Calculate income elasticity of demand if Income increase from 1.5 lac p.a to 2.5 p.a the demand for
good X declined from 7500 kg / year to 5500 / year kg.
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