HSC Economics Model Test-1st Paper-1

Class – XII

Subject : Economics 1st Paper 

Time : 3 hrs.                                                                                                                                         Marks. 75

Group -A

1.         Describe the characteristics of the economy of Bangladesh.                                                                   12

Or,       Describe briefly transport system of Bangladesh. Discuss the importance of transport system in

            the economy of Bangladesh.

2.         What is meant by consumer's surplus? Diagramatically explain the concept of consumer's surplus.  12

Or,       What is supply? Draw a supply curve from an imaginary supply schedule.

3.         What is meant by efficiency of labour? Describe the factor that determine efficiency of labour.    12

Or,       Describe the problems of marking agricultural product in Bangladesh. How these problems can

            be solved?

4.         What is large scale industry? Describe the advantages and disadvantages of large scale industry. 12

Or,       Write a short essay on the present problems and future possibilities of the garments industry of

            Bangladesh.

5.         What is perfect competition? Explain diagramatically the short run equilibrium of a firm under

            perfect competition.                                                                                                                              12

Or,       What is meant by localization of industries? Describe the causes of localization of industries.

Group -B

6.         What is function?                                                                                                                      5

Or,       What are the characteristics of mixed Economy?

7.         What is the difference between economic growth and development?                              5

Or,       What is developing country?

8.         What is meant by variable and constant?                                                                                   5

Or,       Explain the law of demand.

9.         What is share-cropping system?                                                                                                5

Or,       What is market?

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10.       What is meant by marginal farmers?                                                                                          5

Or,       What is co-operative business?

11.       What is self employment?                                                                                                          5

Or,       What is meant by Average Revenue and marginal revenue?

12.       What is the difference between small and cottage industry?                                                        5

Or,       What is infrastructure?

13.       What is meant by modernisation of agriculture?                                                              5

Or,       What are the problems of jute industry of Bangladesh.