12th Class Economics Old paper 2017-PRIVATE-JKbose-Jammu

12th Class Economics Old paper 2017-PRIVATE-JKbose-Jammu

12th Class Economics Old paper 2017-PRIVATE-JKbose-Jammu

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INDEX

Long answer type questions

Short answer type questions

Very short answers type questions

Objective type questions

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Paper code:HSIIPJN16

11609-Q

ECONOMICS

[Time:3 hours]

[Maximum Marks: 100]

(Long Answer Type Questions)

1. Explain consumers equilibrium, in case of single commodity, with the help of a utility schedule.

OR

    Explain Point Method for measuring Price elasticity of demand.

2. Distinguish between return to scale and return to factor. Explain reasons for increasing return to a factor         and increasing returns to scale.

OR

    Explain the law of variable proportions through the behavior of both total product and marginal product.       Give reasons.

3. Define Market. What are the features of perfect competition?

OR

    Give market equilibrium of a good, what are the effects of simultaneous increase in both demand and             supply of that good on its equilibrium price and quantity.

4. Explain the circular flow of income with three sector economy.

OR

    Define GNP. Explain NNP at market Price and NOP at factor cost.

5. Distinguish between inflationary gap and deflationary gap. Show deflationary gap on a diagram. Can this       gap exist at equilibrium level of inome?

OR

    Explain 'consumption function' with the help of a schedule and diagram.

(Short Answers Type Questions)

6. What does a production possibility curve show? When will it shift to the right ?

7. State any three causes of a rightward shift of demand curve of a commodity.

8. State the assumption of law of demand.

9. Distinguish between fixed cost and variable cost. Give two examples of each.

10. What is price elasticity of supply? Draw straight line supply curve with price elasticity of supply equal to:

1. One
2. Less than one and
3. more than one 

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