HSC board economics important questions
Q.1 Answer in detail
1) Explain the importance of Micro economics.
2) Explain the concept of Macroeconomics and its features.
3) State and explain the law of demand with exceptions.
4) Explain in detail the determinants of demand.
5) State and explain law of supply with exceptions.
6) Explain the meaning of Monopolistic competition with its features.
7) Explain the meaning of Perfect competition with its features.
8) Explain the functions of RBI.
9) Explain the role of money market in India.
10) Briefly analyse the major changes in the composition of India’s foreign trade since 1990.
11) Structure of money market in India.
12) Recent developments in banking sector
13) Reforms introduced in the Capital Market
14) Discuss the price determination under perfect competition with the help of demand and supply schedule.
15) What are the relationship between Total Utility and Marginal Utility.
Q.2 Write explanatory answers for the following:
1) Explain the concept of microeconomics and its features.
2) Elaborate the scope of microeconomics.
3) What do you understand by macroeconomics? Also discuss its scope.
4) Explain the importance of macroeconomics.
5) Differentiate between microeconomics and macroeconomics in detail.
6) What do you understand by utility? Explain its features also.
7) What is the law of diminishing marginal utility? Discuss its assumptions too.
8) Explain the different types of price elasticity of demand.
9) Describe the methods of measuring price elasticity of demand.
10) Define monopolistic competition. Also discuss its features.
11) What is monopoly? Discuss its various types and the features as well.
12) What do you understand by Oligopoly? What are its various features?
13) Differentiate between Public Finance and Private Finance
14) Explain the types of ‘Budget’. Why is it important to make a budget?
15) Structure of Capital Market in India.
16) Organised sector of the money market in India.
17) What do you understand by tax? Explain the types of taxes.
18) What do you understand by index numbers? Discuss the types of index numbers.
19) What is perfect competition? Discuss its features.
20) Explain the law of supply and its assumptions.
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