Sone ‘questions by selecting ect option the given options Poioaes is. microeconomics ? (©) PHILO (a) NOMOS 11. What 2. Which of the following is not a phase of } 4g, what Is wealth? a | trade cycle ? 43, Define demand. a (a) Recession (b) Boom 14. What is an opportunity cost? e Benge Stes VA. Resovey, 415, What is monopoly? a 3. What is the relationship between price and supply of commodity? (a)Direct (b) Opposite (c) Inverse (d) Equal 4. How is average cost curve shaped? (a) Hockey stick (b)U (c)V_(d) Square 5. In which market are Average revenue and Marginal revenue same? (a) Perfect competition What is price stickiness? _ 16. 17. Ancient India was the clvilization ? . What is national income ? (b) Monopoly {c) Monopolistic competition (4) Oligopoly 6. Whick: of the following is not a basic facility ? (a) Education (b) Transportation {c) Import-export (4) Irrigation 7. Which of the following is not the field of closed economy ? (a) Families (b) Firms (c) Industries (4) Foreign Trade What is the monetary value of goods and services produced by the citizens of a country during a year called? (a)GDP (b)GNP (c)NDP_ (d) NP. 9, Education is the responsibility of which government ? (a) Central government (b) State government {c) Joint responsibility of (a) and (b) (d) Local government Explain average fixed cost What ts monopolistic comy oR 26. Explain transportation cost Perfect competition.owe the meaning of dinnvestment and is ypes explain investment “Foreign, answer the following questions briefly, soe, Se go. Bxplain the importance of statistical data in ‘economics. NAY go. Giving the 'ypes Of goeds, explain the , s Of "000 concepts of consumable goods and productive goods ‘with example, © : OR Institutional Capital ‘90. Distinguish between labourer and entrepreneur. 31. Explain the difference between expansion- "contraction of supply arid inerease-decrease of supply. Giving the meaning of fixed cost, explain it with a diagram. aa. plain any three characteristics of oligopoly. es Giving the meaning of globalisation state its portant aspects. or 34, State the challenges against the foreign fon policy in India. re 35. State the meaning of per capita facome and show tts importance. 36. According to Kautilya which points should be considered while establishing statehood? ‘Answer in detail the following questions [5marks each} , 37. Giving the meaning of demand, explain factors affecting the demand- oR 37. Give the explanation of individual dem: ‘and market demand with diagram. 38, Explain the Indian Economy after indep dence 90. Explam the types of deficit of budget: 40. Explain in detail the principles of trustee given by Gandhi. oR Write a note on economic thoughts of P Deendayal, Fotianed by Nevnenk Education Limited, Denise Gujarat. printed by cre or Navneet Education Limited, Cantal, Gularal: 21 03