The Times International College

First Term Exam – 2079

Grade: XI Faculty: Management (Day) Full Marks: 75
Time: 3:00 Hrs. Subject: Economics (Set-B) Pass Marks: 30
Candidates are required to given their answers in their own words as far as practicable. The
figures in the margin indicate full marks.
Group-A[1*11=11]

Attempt all the questions.

1. Define Supply.
2. List any four determinants of demand.
3. What do you mean by swing in demand curve?
4. Define cross elasticity of Demand.
5. Define any four features of neo-classical definition of economics.
6. Define supply function.
7. Draw the figure of relatively inelastic price elasticity of demand.
8. List any four criticisms of Modern definition of Economics.
9. List any four reasons for outward shift in Supply curve.
10. Write any four problems of agriculture marketing in Nepal.
11. Define elasticity of Supply.

Group – B
Attempt all the questions. [8´5=40]
12. Define the types of Price elasticity of Demand with figure.
OR
Critically explain the classical definition of economics.
13. Briefly Explain the Law of demand with its exceptions.
14. Explain the determinants of supply.
15. What do you mean by shift in supply curve? Explain.
16. a. The demand and supply function of a commodity are Qd = 63-p and Qs = 4p
Find equilibrium Price and Quantity.
b. The market demand curve Qd = 80-2p and market supply curve Qs = -20-3p
Find equilibrium price and Quantity.
17. Explain the types of Income Elasticity of Demand.
18. Define and derive Price elasticity of Demand.
19. Explain the roles of Agriculture sector in economic development of Nepal.
Group – C
Attempt all questions. [3´8=24]
20. Critically explain the Robbin’s definition of economics
21. Define Cross elasticity of demand and its various types with the help of figures.
22. Explain the equilibrium conditions of demand and supply with the help of table and
diagram.
Or,
Define Agricultural marketing. What are the Characteristics of Nepalese Agriculture?

Best of Luck