Tuesday, 14 October 2014
Monday, 13 October 2014
Multiple choice questions for class 12 -2014-15
CLASS XII - ECONOMICS MULTIPLE CHOICE QUESTIONS
CLASS XII - ECONOMICS
MULTIPLE CHOICE QUESTIONS
1. Economics was originally developed as a science of __________
(a) State craft. (b) business management (c) wealth of management. (d) resource management.
2. _________ of resources is necessary for development of economy.
(a) Utilization (b) Growth (c) Wastage (d) Non -utilization.
3. Which of the following is not example of micro economics studies?
(a) Study of consumer equilibrium (b) Study of price determination of a commodity
(c) study of an unemployment in an economy. (d) All of above
4. Which of the following is not the component of micro economic study ........
(a) Theory of consumer behavior (b) Theory related to equilibrium level of output.
(c) Theory of producer behavior (d) None of the above.
5. Which of the following is not micro economic variables ?
(a) Consumer's demand (b) Aggregate demand (c) Firm's output
(d) Market price of a commodity.
6. Which of the following is not macro economic variables : -
(a) Aggregate demand (b) General price level in the economy (c) Firm's output .
7. A PPC curve is concave to the point of origin because of ------
(a) Increasing opportunity cost. (b) Law of demand.
(c) Unit elastic (d) Law of supply.
8. If there in unemployment in the economy, we would be producing __________the PPC
(a) below (b) above (c) on (d) None of the above.
9. If the PPC is concave, MPC is ............
(a) Increasing (b) Equal (c) Decreasing (d) None of the above.
10. If MPC is constant, PPC would be ___
(a)Convex (b) Concave (c) straight line (d) horizontal line.
11. PPC is sloping is sloping __________because more production of one good is associated with less of the others.
(a) Upward downward (b) Straight (d) Uneven.
12. Factors which leads to shift of PPC __________
(a) Increase in resources (b) Decrease in resources
(c) Change in technology. (d) All of the above.
13. Rightward shift of PPC indicate _______
(a) Improve in technology (b) Quantum of resources increase (c) Both A & b (d) None of the above.
14. A point below PPC indicate _________
(a) Full employment and efficient use of resources. (b) Under utilization and insufficient of resources (c) Growth of resources (d) None of the above.
15. A point above PPC indicate -----
(a) Full employment and efficient use of resources
(b) Growth of resources (c) Under utilization of resources (d) None of the above.
16. Which of the following is not the assumption of PPC ___
(a) Increasing MPC,
(b) Decreasing MPC (c) Constant MPC
(D) All of the above.
17. Which of the following is not the assumption of PPC ?
(a) Available resources are fully utilize (b) There is change in the technology (c)Available resources are fully and efficiently utilized (d) There is no change in technology.
18. A point on PPC indicate ----------
(a) Full employment and efficient use of resources
(b) Under utilization of resources (c) Growth of resources (d) None of the above.
CONSUMER'S EQUILIBRIUM
19. Which statement is false -
(a) So long as MU positive , TU is increases. (b) TU is zero when MU is zero.
(c) TU starts decreasing when Mu is negative.
20. The extent to which a consumers expects a commodity to satisfy his wants for the same is known as ________ of that commodity for him.
20. Total utility is maximum when MU is _____
(a) Equilibrium (b) Minimum (c) Maximum (d) Equal.
21. locus of different combination of two goods which a consumers can afford by spending his whole income is known as : -
(a) Total utility (b) Budget (c) Budget line (d) Budget set.
22.Total utility falls when marginal utility is : -
(a) positive (b) Negative (c) Equals (d) Zero.
INDIFFERENCE CURVE
23. Which is not the characteristics of monotonic indifference curve?
(a) IC are negatively sloped. (b) IC intersect each other.
(c) IC are convex to origin. (d) a higher IC offered higher level of satisfaction.
24. Shape of IC is convex due to _____________ MRT.
(a) (a) Increasing (b) Equal (c) Diminishing (d) Maximum.
25. According to IC approach, a consumer attains equilibrium at a point where budget line is ___________to indifference curve.
(a) Tangent (b) Straight (c) Diminishing (d) Maximum
26. Shape of IC Curve is ________
(a) Downward sloping and convex to the origin (b) Upward sloping and convex to the origin.
(c) Down wards sloping and concave to the origin (d) Upward sloping and concave to origin
27. An IC Curve is downward sloping because if quantity of one commodity is __ the quantity of the other is to be _______in order to maintain the same satisfaction level.
(a) Reduce ,increase
(b) Increase , reduce.
(c) Increase , increase
(d) Reduce, Reduce.
29. Properties of independence are: -
(a) Negatively sloped (b) Convex to the point of origin (c) touches neither nor Y axis
(d) All of the above.
Sunday, 12 October 2014
Values and sub values
Love
- Bliss,
- caring,
- compassion,
- dedication,
- devotion,
- empathy,
- friendship,
- forgiveness,
- generosity,
- helping,
- human dignity,
- inner happiness,
- joy,
- kindness,
- patience,
- purity,
- sharing,
- sincerity,
- sympathy,
- tolerance,
- wisdom
Truth
- Consciousness,
- creativity,
- curiosity,
- discrimination,
- equality,
- honesty,
- integrity,
- intuition,
- natural
environment,
- optimism,
- quest for
knowledge,
- reason,
- self-analysis,
- self-knowledge,
- self-worth,
- sense control,
- spirit of
inquiry,
- synthesis,
- truthfulness,
- unity in thought
word and deed,
- unity in
diversity
Right conduct
- Cleanliness,
- contentment,
- courage,
- dependability,
- duty,
- ethics,
- gratitude,
- goals,
- good behaviour,
- healthy living,
- helpfulness,
- initiative,
- leadership,
- perseverance,
- time management,
- resourcefulness,
- respect,
- responsibility,
- sacrifice,
- self-sufficiency,
- self-confidence,
- simplicity
Peace
- Attention,
- calm,
- concentration,
- contentment,
- dignity,
- discipline,
- endurance,
- focus,
- happiness,
- honesty,
- humility,
- inner silence,
- reflection,
- satisfaction,
- self-acceptance,
- self-confidence,
- self-control,
- self-discipline,
- self-respect,
- surrender
- understanding,
- care for
environment,
- national
responsibility
Non-violence
- Appreciation of
other cultures and religions,
- brotherhood,
- ceiling on
desires,
- citizenship,
- compassion,
- concern for all
life,
- consideration,
- co-operation,
- forgiveness,
- global
awareness,
- good manners,
- inclusiveness,
- loyalty,
- national
awareness,
- recycling,
- respect for
property,
- service to
other,
- social justice,
- sustainable
growth,
- universal love,
- unwilling to
hurt
SAMPLE PAPER VALUE BASED Q. CLASS-XII_2013
ECONOMICS
De mand for electricity Has “increased”. However supply cannot be
increased due
to lack of resources. Explain how, in any two ways, demand for
electricity can be
“decreased”.
Th e market price of US Dollar has increased considerably leading to
rise in
prices of the imports of essential goods. What can Central Bank do to
ease the
situation?
Assignment price determination - micro economics
Assignment : Price Determination
ASSIGNMENT
PRICE DETERMINATION
Very Short Answer Type Questions (VSA)
1. Define market equilibrium.
2. What is meant by equilibrium price?
3. At what price- higher or lower than equilibrium price, there is excess demand?
4. When will an increase in demand implies:
a) An increase in price but no change in quantity.
b) An increase in quantity but no change in price.
5. When will an increase in supply implies:
a) An increase in price but no change in quantity.
b) An increase in quantity but no change in price.
Long Answer Type Questions (LA)
1. Explain with the help of diagram and schedule the determination of price of a commodity under perfect competition.
2. What will happen if the price prevailing in the market is:
a) Above the equilibrium price.
b) Below the equilibrium price.
3. Explain the chain effect of increase in demand on price, demand and supply of a commodity. Use diagram.
4. Explain with diagram the effect of a rightward shift of both Demand and Supply curves on equilibrium price and quantity.
5. Show with the help of diagram, the effect on equilibrium price and quantity when:
a) Supply is perfectly inelastic and demand decreases.
b) The demand curve perfectly elastic and the supply curve shifts out.
6. How does increase in input price affect equilibrium price and quantity exchanged of a commodity? Use diagram.
7. How are equilibrium price and quantity affected when income of the consumer
a)Increase b) decreases
8. Using demand and supply curves show how an increase in the price of shoes affect the price of a pair of socks and the number of pairs of socks bought and sold.
9. At a given price of a commodity, there is ‘‘excess supply”. Is this price an equilibrium price? If not how will the equilibrium price be reached?
10. A product market is in equilibrium. Draw diagram showing:
a)A decrease in demand reduces both the equilibrium price and quantity of the commodity.
b) A decrease in both demand and supply will reduce quantity but may increase, reduce or leave price unchanged.
11. When does the following hold true:
(i) No change in equilibrium price with changes in both demand and supply.
(ii) No change in equilibrium quantity with changes in both demand and supply.
12. What is the effect on equilibrium price and quantity when:
(i) Increase in demand is equal to decrease in supply.
(ii) Decrease in demand is equal to increase in supply.
13. Discuss the concept of price ceiling and price floor with the help of a diagram?
Tuesday, 7 October 2014
Monday, 6 October 2014
Friday, 3 October 2014
I want to score 100 in economics
Yupp
landed here follow the link
I can get 100 in economics
Please do give the feed back
Talk to me on 9899971997 after 4 pm to 0800 pm only
Thanks
landed here follow the link
I can get 100 in economics
Please do give the feed back
Talk to me on 9899971997 after 4 pm to 0800 pm only
Thanks
Subscribe to:
Posts (Atom)