HSEB || Important questions for Economics Class 12

Part A: Microeconomics

Microeconomics, Economics, Management, Economy

Unit-1 Basic Concept of Market Economy

Long Answer Questions

  1. Derive individual and market demand curve. [10]
  2. What is shift in supply curve? What are its causes? [5+5=10]
  3. Explain the Law of demand with diagram. What are the determinants of demand? [6+4=10]
  4. Define the law of demand? Why does demand curve slope downwards to the right? [6+4=10]
  5. What is shift in demand curve? What are the causes of leftward shift in demand curve? [5+5=10]
  6. What is the law of demand? Mention its exceptions. [5+5=10]
  7. What is shift in demand curve? What are its causes? [5+5=10]
  8. What is shift in demand curve? What are its causes of rightward shift in demand curve? [5+5=10]
  9. Explain the law of supply with a diagram. What are the causes of shift in supply curve? [5+5=10]
  10. Define the law of supply. Explain the law of supply with the help of table and diagram. [2+8=10]
  11. What is market demand? Explain how a market demand curve is derived. [3+7=10]
  12. What is shift in supply curve? What are the causes of rightward shift in supply curve? [5+5=10]
  13. What is shift in demand curve? What are the factors which bring change in demand? [5+5=10]
  14. Describe the main determinants of demand. Give an example of joint demand. [8+2=10]
  15. Distinguish between desire and demand. Why does demand increase when price of a commodity falls? [5+5=10]
  16. Define supply and supply schedule. What are the factors, which bring about changes in supply? [5+5=10]

Short Answer Questions

  1. Explain shift in demand curve with diagram. [5]
  2. Explain the law of supply. [5]
  3. What is shift in demand curve? [5]
  4. What is market economy? [5]
  5. Distinguish between movements along a shift in demand curve. [5]

Very Short Answer Questions

  1. What is law of supply? [2]
  2. Mention four characteristics of market economy. [2]
  3. Derive a market demand schedule. [2]
  4. What is market economy? [2]
  5. What is shift in supply curve? [2]
  6. What is market demand curve? [2]
  7. Distinguish between desire and demand. [2]
  8. Define the law of supply. [2]

Write short notes on:

a. Law of Demand [5]

Note: All the questions are important for exam. For more questions visit another post. Students gives their answer their own way is the best.

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