GOBIND KUMAR JHA 9874411552

Class – XII
Economics Suggested Questions for H. S. 2024 (5 Marks)

1. Mention few factors which influence the price elasticity of demand.

2. Show how commodities may be classified on the basis of income elasticity of demand?
3. Briefly discuss the relationship between average and marginal product.
4. Explain the law of variable proportions in production.
5. Explain the law of returns to scale of production.
6. What are the types of internal and external economies which arises as a result of large scale production?
7. Mention the characteristics of perfectly competitive market.
8. Explain how short run equilibrium of a firm is reached in a perfectly competitive market?
9. Show how the short run supply curve of perfectly competitive firm can be derived from its marginal cost
curve?
10. What is a shutdown point? Explain the circumstances under which a perfectly competitive firm reaches
such a point.
11. Show with the help of a diagram how the price in a perfectly competitive market is affected when
a) Supply decreases with demand remaining unchanged, and
b) Demand decreases with supply remaining unchanged.
12. Discuss in brief any one method of measuring national income.
13. Briefly discuss the major difficulties in measuring national income.
14. Show how banks create deposit in the process of giving loans?
15. Discuss briefly the functions of a central bank.
16. Discuss in brief the major poverty eradication programmes in India.
17. Mention the features of different types of unemployment in India.
18. Analyse the relationship between total product, average product and marginal product in three stages of
production process.
19. Briefly discuss the Modern Theory of Rent.
20. Briefly discuss the Ricardian Theory of Differential Rent.
21. Critically evaluate Marginal Productivity Theory of Distribution.
22. Discuss the income census method of measuring national income.
23. Explain the difference between gross national income at market price and gross national income at
factor cost.
24. Discuss the various problems of measurement of national income.
25. How is the equilibrium exchange rate determined under the flexible exchange rate system?
26. Show the difference between Current Account and Capital Account in the balance of payments.
27. Discuss the different components on the credit side and the debit side of balance of payment accounts.
28. Show that the standard deviation of a set of five observations: 5, 6, 7, 8, 9 is √2.
29. Discuss the advantages of standard deviation as a measure of dispersion.
30. What are the causes of persistence of poverty in India?
31. Describe the causes of income inequality in India.

❖ Do all type of sums of Standard Deviation.