BLUE PRINT

Chapter No Chapter Name VSAQ’s SAQ’s LAQ’s Total

Marks
1 Introduction to Economics 2 1 0 9
2 Theories of Consumer Behaviour 2 1 1 19
3 Demand Analysis 2 1 0 9
4 Production Analysis 2 1 1 19
5 Market Analysis 2 1 1 19
6 Theories of Distribution 2 1 1 19
7 National Income Analysis 2 1 1 19
8 Theories of Employment and 2 2 1 24
Public Finance
9 Money, Banking and Inflation 2 2 1 24
10 Basic Statistics for Economics 2 1 0 9

Long Answer Questions (10Marks)

1. Describe the law of diminishing marginal utility, its limitations and

importance.

2. Explain the law of variable proportions with the help of a diagram.

3. Explain the meaning of perfect competition. Illustrate the mechanism of

price determination under perfect competition.

4. What are the various methods of calculating national income? Explain them.

5. Describe the classification of markets.

6. Explain the Keynesian theory of employment.

7. Explain the law of returns to scale.

8. Describe the Internal and External economies.

9. Illustrate the consumer equilibrium using indifference curve analysis.

10. Discuss consumer equilibrium with the help of law of Equi-marginal utility.

Short Answer Type Questions (5Marks)

1. Explain the Scarcity definition of economics.

2. Analyse the characteristics of wants

3. What is Micro Economics? Explain its importance.

4. What is utility? Explain its types.

5. Explain the concept of utility analysis. What are its shortcomings?

6. Explain the concept of indifference curve. Discuss its properties.

7. What is an indifference curve? What are its shortcomings

8. Explain the exceptions to the Law of Demand.

9. Illustrate the reasons for negative sloping demand curve.

10. What are the factors that determine the demand?

11. Explain the characteristics of land and labour

12. Define division of labour. What are its merits & demerits?

13. What are internal economies to scale?

14. Explain the relationship between Average Cost & Marginal Cost.

15. What is Monopoly? What are its characteristics?

16. What are the characteristics of monopolistic competition?

17. What are the determining factors of real wages?

18. Explain the concept of profit.

19. Compare Perfect competition and monopoly.

20. What are the factors that determine the national income?

21. Supply creates its own demand. Explain the statement.

22. What are the various sources of public revenue?

23. List out the various items of public expenditure.

24. Point out the redemption methods of public debt.

25. What is barter system? What are its difficulties?

26. Explain the primary & secondary functions of money.

27. Identify the causes of inflation.

28. State the major functions of central bank.

29. Explain the types of inflation.

30. What is statistics? Explain its relationship with economics.

31. What are the advantages of diagrams.

32. Explain the difference between perfect competition and monopoly.