Ist PUC Economics ....

Ist PUC- Economics
Expected Questions

One Mark
1.Who is regarded as a Father of Economics?
2. Mention any two basic problems of Economy.
3. Give the meaning of Micro Economics?
4. What is positive Economics?
5. What is equilibrium?
6.Give the meaning of Partial equilibrium?
7. What is Parameter?
8. Give the meaning of variable?
9.What is quadratic equation?
10.What are rational Numbers?
1. Give the meaning of human wants?
2. What are defence luxuries?
3. What are economic and producing goods?
4. What are public goods?
5. Define utility?
6. What is giffen paradox?
7. What is production?
8. What are factors of production?
9. What is quasi rent?
10. What is innovation?
11. What do you mean by cost of production?
12. What is fixed and variable cost?
13. What is opportunity cost?
14. What is average and marginal cost?
15. What is total revenue and Marginal revenue?
16. What is monopoly?
Two Mark
1. Define economics?
2. State welfare definition given by marshall?
3. How does the economic problem arises?
4. Mention the steps in formulation of economic theory?
5. Distinguish between micro and macro economics?
6. What are integers?
7. Define derevative?
8. Distinguish between total utility and marginal utility?
9. State the law of diminishing marginal utility?
10. What is demand function?
11. State the concept of consumer surplus?
12. What is perfect competetion?
13. What is selling cost?
14. What is oligopoly?
15. What is monopsony?
16. State supply function?
17. What is meant by increasing returns to scale?
18. What is capital formation?

Five marks
1. Describe scarcity definition and its limitations?
2. What is partial equilibrium and its limitations?
3. What are rules of diffenciation?
4. Describe scarcity definition? And its limitations?
5. What is partial equilibrium and its limitations?
6. What are various types of goods ?
7. What is consumption? What are its types?
8. What is utility and its features?
9. State law of demand?
10. Pointout various degrees of price elasticity of demand?
11. What is opportunity cost? Give a suitable example?
12. What is market? What are the features of perfect competetion/
13. What is monopoly? What are its features?

Ten marks
1. Critically examine the welfare definition of economics?
2. Discus various steps in the formulation of economic theory?
3. What is funtion? Plot Linear equation on graph?
4. Bringout chracterstics of Human wants?
5. Explain law of diminishing Marginal Utility..
6. Explain the concept of consumer surplus with diagram?
7. Explain the law of diminshing returns with the help of a schedule and diagram?
8. Explain the Malthsian Theory?
9. What is Monopolistic competetion? And its features..
10. What is oligopoly and its Features?