REHDON COLLEGE – Grade
XII- MANAGEMENT
DASHAIN HOMEWORK 2074
(2017)
ECONOMICS
Part A
Group
A1
Attempt ALL questions: 2
x 10 = 20
1.
What is price elasticity of demand?
Explain its types.
2.
How is price elasticity measured by
total outlay method? Explain.
3.
Explain critically the law of
diminishing marginal utility.
4.
What is income elasticity of demand?
Explain its types.
5.
How is price elasticity measured by
point method? Explain.
6.
Explain critically the law of
substitution.
Group
A2
Attempt ALL questions: 4
x 5 = 20
7.
Define and derive supply curve.
8.
Explain the types of cross elasticity
of demand.
9.
What are the determinants of
elasticity of demand? Explain any five.
10.
Explain the assumptions of cardinal
utility analysis?
11.
Explain the relationship between total
utility and marginal utility.
12.
Define and derive demand curve.
13.
Explain the types of price elasticity
of demand.
14.
What are the determinants of price
elasticity of demand? Explain any five.
15.
Explain the relationship between total
utility and marginal utility?
16.
Explain the concept of consumer’s
surplus.
Group
A3
Attempt all
questions: 5
x 2=10
17.
What is meant by income elasticity of
demand?
18.
When price of a commodity increases
from Rs. 10 to Rs.15, its demand decreases from 80 units to 60 units. Calculate
price elasticity of demand.
19.
Define elasticity of supply.
20.
What do you mean by utility?
21.
What is consumer’s surplus?
22.
What is meant by cross elasticity of
demand?
23.
When price of a commodity decreases
from Rs. 20 to Rs.15, its demand increases from 80 units to 100 units.
Calculate price elasticity of demand.
24.
Define elasticity of demand.
25.
What do you mean by cardinal utility
analysis?
26.
What does the law of diminishing
marginal utility state?
Part B
Group
B1
Attempt ALL questions: 2
x 10=20
27.
What is National income? How is
national income measured by product method?
28.
What are the difficulties in measuring
national income?
29.
Explain the functions of money.
30.
What is National income? How is
national income measured by income method?
31.
Explain the circular flow of income
and expenditure in two sector economy?
32.
Explain the various forms or kinds of
money.
Group
B2
Attempt ALL questions: 4
x 5=20
33.
Describe the scope of macroeconomics.
34.
Differentiate between GDP and GNP.
35.
Define nominal GDP, real GDP and GDP
deflator.
36.
What are the difficulties of barter
system?
37.
Explain the importance of money?
38.
Differentiate between open economy and
closed economy.
39.
Define and differentiate between
nominal GDP and Real GDP.
40.
What are the difficulties of measuring
national income?
41.
What is barter system? What are its difficulties?
42.
Explain the characteristics of good money?
Group
B3
Attempt all
questions: 5
x 2= 10
43.
What is macroeconomics?
44.
Define closed and open economy.
45.
What is per capita income?
46.
What is meant by problem of double
counting?
47.
What is fiat money?
48.
What do you mean by macroeconomic
variables?
49.
Point out any four scopes of
macroeconomics. What is disposable income?
50.
What is meant by GDP deflator?
51.
What is value of money?
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