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Civics -I
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Civics -I
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10. Explain the law of demand. 11. Explain total outlay method of measuring elasticity. 12. Explain how you can measure the price elasticity of demand by point-method. 13. What are the determinants of elasticity of demand? 14. Explain the importance of the concept of Elasticity of demand. 15. What are indifference curve? List its properties. 16. Explain how a consumer reaches equilibrium with the help of indifference curves. 17. Draw an indifference curve, with the help of an indifference schedule. 18. Explain briefly the concept of MRS 19. What is a budget or price line? 20. Discuss the lam of supply. What are the other factors that determine supply? 21. Trace out the relationship between Average and marginal cost curve. 22. Discuss briefly internal economics. 23. What is a market? Explain classification of markets. 24. What are the main features of perfect competition? 25. Explain the important characteristics of monopolistic competition. 26. What is meant by price discrimination? What are the methods of price discrimination? 27. Define Oligopoly. What are possible methods firms may choose under this market? 28. What are the wastages under monopolistic competition? 29. Define Rent and explain Ricardian theory Rent. 30. What are the factors that determine real wages? 31. Write five components of National Income. 32. What is National Income at factor cost? 33. What are the factors that determine National Income? 34. Supply creates its own demand Comment on the statement. 35. Enumerate the assumptions of Says Law markets. 36. What are the sources of public revenue? 37. Describe the various methods of redemption of Public debt. 38. Enumerate the reasons of International Trade. 39. Explain the difficulties of Barter system. 40. Explain any five functions of money. 41. Describe the functions of the Commercial Banks 42. Explain the functions of the Central Bank 43. Define inflation. Explain the causes of inflation 44. Enumerate the measures for control inflation 45. State the types of inflation Section A { Ten [ 10 ] Marks Questions } 1. Explain the Law of diminishing marginal utility. What are its limitations? 2. Explain the law of Equi-marginal utility, with the help of diagram. What are its limitations? 3.What is Price elasticity of demand? Explain the different forms of price elasticity of demand. 4. State the law of variable proportions and explain its importance? 5. What is meant by economics of scale? Discuss different types of Internal Economics 6. Define perfect competition. How price of a commodity is determined under perfect Competition? 7. Define monopoly. How does a monopolist fix price for his product? 8. Define National Income and explain the various concepts of National Income. 9. Explain the various methods of calculating National Income. 10. Explain the Kegnesian theory of employment
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