HSEB || Important Model Question for Economics Class 11

Part A: Basic Concepts of Economic

1. Nature of Economics

Long Answer Questions

1. Critically explain Adam Smith’s definition of economics. [10]
2. Critically explain the Marshall’s definition of economics. [10]
3. Critically explain the Robbin’s definition of economics. [10]
4. Distinguish between microeconomics and macroeconomics. Explain the importance of microeconomics. [5+5=10]
5. Critically explain the Marshallian definition of Economics. [10]
6. What is economic development? What are the characteristics of under-developed countries? [10]
7. Compare Marshall’s definition of economics with that of Robbins.
8. Define micro and macroeconomics. Discuss the importance of economic analysis in policy formulation. [5+5=10]
9. Describe the subject matter of economics. [10]
10. Distinguish between micro and macroeconomics. [10]
11. Explain the Marshall’s definition of economics. [10]

Short Answer Questions

1. Explain Marshall’s definition of Economics. [5]
2. Discuss the main points of Marshall’s definition of economics. [5]
3. What is micro economics and macro economics? [5]
4. Explain about the subject matter of Economics. [5]
5. Explain the concept of micro-economics. [5]
6. Distinguish between positive and normative economics. [5]

Very Short Answer Questions

1. What do you mean by Economics? [2]
2. What is the definition of economics as given by Adam Smith? [2]
3. What is definition of Economics as given by Marshall? [2]
4. Name the economist who defined Economics in term of scarcity and choice. [2]
5. What is the subject matter of economics as given by Robbins? [2]
6. What is the definition of economics as given by Robbins? [2]
7. What is the name of book written by Robbins? [2]
8. Define Microeconomics. [2]
9. Mention uses (importance) of microeconomics. [2]
10. Define Macroeconomics. [2]
11. Mention uses  (importance) of macroeconomics. [2]
12. Define normative and positive economics. [2]

2. Basic Concepts and Issues of Economics

Long Answer Questions

1. What is production possibility curve? Explain it with the help of a table and diagram. [10]
2. Explain the concept of production possibility curve. [10]
3. Explain the concept of production curve. Why does it expand outwards? [10]
4. What do you understand by allocation of resource? Describe the production possibility curve graphically. [10]

Short Answer Questions

1. What is allocation of resources? [5]
2. What is scarcity? [5]
3. What are the characteristics of capital? [5]
4. What is production possibility curve? [5]
5. Define Gross Domestic Product and Gross National Product. [5]
6. Explain the characteristics of land. [5]
7. Write short note on scarcity and choice. [5]
8. Distinguish between Gross Domestic Product (GDP) and Gross National Product (GNP). [5]
9. Explain the concept of scarcity and choice. [5]

Note: Basic Concepts and Issues of Economics’s chapter’s all the questions are not written in this post for more questions of this chapter please visit another post. Thank You.