Viswa Niketan Secondary School

Tripureshwor, Kathmandu
First Term Examination 2021 Full Marks: 40
Grade-XII / Management Pass Marks: 16
Eco. 304: Economics II Time: 1.5 hrs.
Candidates are required to answers in their own words as far as practicable.
Group A
Very Short Answer Questions
Attempt ALL Questions [8*1 = 8]
1. Define opportunity cost. (अवसर लागत को पररभाषा दिनुहोस्।)
2. What is meant by scarcity of resources? (साधन को िु ललभता भन्नाले के बुदिन्छ?)
3. Why should we make a choice? (हामीले छनोट दकन गनुलपिल छ?)
4. Define perfect competitive market. (पूर्ल प्रदतस्पधालत्मक बजार को पररभाषा दिनुहोस्।)
5. Write any four features of monopoly market (एकादधकार बजार का कुनै चार दबशेषता हरु उल्लेख गनुलहोस्।)
6. Define monopolistic competition market. (एकादधकारात्मक बजार को पररभाषा दिनुहोस्।)
7. List out the various features of oligopoly market. (अल्पादधकार बजार का दबशेषताहरु उल्लेख गनुलहोस्।)
8. Write any four features of mixed economic system. (दमदित अर्लव्यवस्र्ा का कुनै चार दबशेषता हरु उल्लेख गनुलहोस्।)

Group – B
Short Answer Questions
Attempt any FOUR Questions [4*4 = 16]
9. Explain the concept of allocation of resources. सधानको बााँडफााँड भन्नाले के बुदिन्छ व्याख्या गनुलहोस्। [4]
10. Explain the features market economy. (बजार अर्लव्यवस्र्ा का दबशेषतालाई व्याख्या गनुलहोस्।) [4]
11. What are the features of command economy? (समाजवािी अर्लव्यवस्र्ा का दबशेषता हरु के के हुन?) [4]
12. Explain the demerits of mixed economic system. (दमदित अर्लव्यवस्र्ा का बेफाईिा हरु व्याख्या गनुलहोस्।) [4]
13. Consider the following table (तलको तादलका बाट): [3+1]
Quantity Price TR AR MR
1 10
2 10
3 10
4 10
5 10
6 10
7 10
a. Calculate the value of TR, AR and MR. कुल आय औसत आय र दसमान्त आय गर्ना गनुलहोस्।
b. What types of market is this? यो कस्तो प्रकार को बजार व्यावस्र्ा हो ?
Group – C
Long Answer Questions
Attempt any TWO Questions [2*8 = 16]
14. Explain the concept of production possibility curve. उत्पािन सम्भाव्य बक्ररे खाको अवधारर्ालाई व्याख्या गनुलहोस्[8]
15. What do you mean by division of labor? Explain its advantages and disadvantages. िम को दबभाजन भनेको
के हो? यसका फाईिा र बेफाईिा हरु व्याख्या गनुलहोस्। [2+6]
16. Define TR, MR and AR. Explain the relationship between them under monopoly. कुल आय औसत आय र
दसमान्त आय को पररभाषा दिनुहोस् । एकादधकार बजार अन्तगलत उक्त रे खा हरु को सम्बन्ध लाई व्याख्या गनुलहोस्। [3+5]
💐 Good Luck 💐