HSC Economics 1st Paper Model Test-2

Class - XI

Subject : Economics ist paper

Time : 3 hrs.                                                                                                                                         Marks. 100

Group - A

1.         Discuss the different levels of activities in solving economic problems.                                         12

            Or,

            What are the difference between Micro and Macro Economics. Explain with example.               12

                                                                                                                                                                        6+6

2.         Narrate the causes of low percapita income in Bangladesh. How our percapita income can be increased

            Or,

            What is meant by a slope ? How do you determine the slope of a straight line ?                          4+8

3.         What is meant by consumer's surplus ? Diagramatical explain the concept of consumer's surplus. 12

            Or,

            Describe the influence of changes in demand and supply on equilibrium price.                             12

4.         Distinguish between internal and external economies. What types of economics arise out of large scale production ?                                                                                                                                                             6+6

            Or,

            Explain the law of diminishing marginal returns with the help of diagrams.                                    12

5.         What are the condition of profit maximization of a firm ? Explain with diagrams.                          12

            Or,

            What is monopoly ? Explain with the help of diagram how output and price is determined under             monopoly.            

Group - B

6.         What are the characteristics of capitalistic economy ?                                                                5

            Or,

            Describe the production possibilits curve.

7.         What is meant by a developing country ?                                                                                               5

            Or,

            What are the production based sectors of the economy of Bangladesh.

8.         What are the public and private sectors of Bangladesh ?                                                                        5

            Or,

            What are meant by 'scacity' and 'choice' in Economics.

9.         What is variable ?

            Or,

            What is constant ?                                                                                                                                5

10.       What is a function ?                                                                                                                              5

            Or,

            How would you determine the slope of a best curve ?

11.       What is contraction and extention of demand ?                                                                          5

            Or,

            What is elasticity of demand ?

12.       What is the law of supply ?                                                                                                                   5

            Or,

            What is mobility of labour ?

13.       What is meant by localization of industries ?                                                                               5

            Or,

            What is meant by total cost, average cost, marginal cost ?