2023 MQP 2322 Economics
2023 MQP 2322 Economics
ECONOMICS
1 Introduction 04 05 1 1
2 Theory of Consumer Behaviour 20 20 1 1+1 1 1 1 1
3 Production and costs 10 10 1 1 1
4 Theory of firm under Perfect Competition 12 13 1 1 1 1
5 Market equilibrium 11 9 1 1 1
6 Non-competitive markets 11 12 1 1 1 1 1
1 Introduction 04 05 1 1
2 National Income Accounting 20 20 1 1 1 1 1 1 1
3 Money and Banking 11 14 1 1 1 1 1
4 Determination of Income and Employment 8 08 1 1 1 1
5 Government Budget and economy 10 12 1 1 1 1 1
6 Open Economy Macro Economics 19 21 1+1 1 1 1 1 1 1
Sub Total 140 149
Total Percentage
MODEL QUESTION PAPER-1
(2022-23)
II PUC ECONOMICS
1. Utility is
a) Objective c) Both a and b
b) Subjective d) None of the above
2. The government imposing upper limit on the price of goods and services is called
a) Price ceiling c) Price floor
b) Selling price d) None of the above
3. The year of Great Depression
a) 1920 b) 1889 c) 1929 d) 2018
4. The bank which acts as monetary authority of India
a) RBI c) RRB
b) NABARD d) IDBI
5. Consumption which is independent of income is called
a) Induced consumption b) Autonomous consumption
b) Wasteful consumption c) Past consumption
11.
A B
1. Market Economy a) Dirty Floating
2. SMC b) Perfect information
3. Perfect competition c) Private economy
4. Labour d) ΔTC/Δq
5. Managed floating e) Wages
IV Answer the following questions in a sentence or a word each. 5x1=5
12. Give the meaning of Oligopoly Market.
13. What do you mean by final goods?
14. Who are free riders?
15. What are Revenue Receipts?
16. What is Balance of Payment?
PART - B
V Answer any NINE of the following in 4 sentences each. 9x2=18
17. What do you mean by inferior goods? Give example.
18. State the Law of Demand?
19. What are the differences between budget line and budget set?
20. Give the meaning of shut down point.
21. How wage is determined in the Labour market?.
22. Write the features of Monopoly.
23. State the meaning of average revenue and marginal revenue.
24. Distinguish between Stock and flow. Give example..
25. Write the difference between nominal and real GDP.
26. Mention the two motives of demand for money.
27. Write the meaning of investment multiplier. Write its formula.
28. Write the differences between public provision and public production.
29. Mention the non-tax revenues of the Central Government.
30. What is foreign exchange rate?.
PART - C
VI Answer any SEVEN of the following questions in 12 sentences each. 7x4=28
31. Write a short note on a centrally planned economy.
32. Write the differences between substitutes and complementary goods.
33. Explain isoquant with the help of the diagram.
34. Write a short note on profit maximization of a firm under the following conditions:
(a) P = MC (b) MC must be non-decreasing at q0
35. Briefly explain in what way Macro Economics is different from Micro economics?
36. Write a note on externalities.
37. Explain with examples of planned accumulation and decumulation of inventories.
38. ‘Money acts as a convenient of account’ Explain this sentence with example.
39. Briefly explain the investment function with the help
40. Does Public Debt impose a burden? Explain.
41. Write a note on Balance of Trade.
PART - D
VII Answer any FOUR of the following questions in 20 sentences each. 4x6=24
42. Explain the law of diminishing marginal utility with the help of a table and diagram.
43. Explain the short run supply curve of a firm with the help of a diagram.
44. Explain the market equilibrium with the fixed number of firms with the help of diagram.
45. Explain the short run equilibrium of a monopolist firm, with the help of the simple case
of zero cost.
46. Write down some of the limitations of using GDP as an index of welfare of a country.
47. Write the story of Gold Smith Lala on the process of deposit and loan (credit).
48. Write a note on the Gold Standard.
PART - E
VIII Answer any two of the following project oriented questions 2x5=10
49. Find the missing products of the following table.
Factor 1 TP MP1 AP1
0 0 0 0
1 10 - 10
2 24 - 12
3 40 16 13.33
4 - 10 -
5 - 6 11.2
6 57 1 9.5
****
MODEL QUESTION PAPER-2
(2022-23)
II PUC ECONOMICS
1. Traditionally, the subject matter of economics has been studied under the following broad
branches.
(a) Micro and macro Economics (b) Positive and Normative
(c) Deductive and Inductive (d) None of the above
2. In perfect competition buyers and sellers are
a) Price makers c) Price analysts
b) Price takers d) None of the above
3. In 1936 British economist J.M.Keynes published his celebrated book
a) Wealth of Nations c) General theory of employment, interest and Money.
b) Theory of interest d) Theory of employment.
4. The value of GDP at the current prevailing prices is
a) Real GDP c) Nominal GDP.
b) GDP at factor cost d) NDP.
5. The Exchange rate is determined by the market forces of demand and supply is called
a) Fixed Exchange Rate c) Flexible exchange rate
b) Dirty Floating exchange rate d) None of the above
11.
A B
6. SAC f) TR-TC
7. π g) Stock variable
8. Inventory h) Paper Gold
9. Circulation of coin i) Short Run Average Cost
10. SDR j) Government of India
IV Answer the following questions in a sentence or a word each. 5x1=5
12. Give the meaning of marginal utility.
13. What is duopoly?
14. Write the meaning of autonomous consumption.
15. What are public goods?
16. What do you mean by open economy?
PART - B
V Answer any NINE of the following in 4 sentences each. 9x2=18
17. Mention two different approaches which explain consumer behaiour.
18. What is monotonic preference?
19. What are the differences between budget line and budget set.
20. What do you mean by price elasticity of demand?
21. Mention the conditions needed for profit by a firm under perfect competition.
22. Define equilibrium price and quantity.
23. State the meaning of average revenue and marginal revenue.
24. Write the meaning of monopolistic competition and given an example.
25. What are the four factors of production? Mention their rewards.
26. Mention three methods of measuring GDP.
27. Give the meanings of CRR and SLR.
28. Write the meaning of Paradox of Thrift.
29. Why Public goods must be provided by the Government?
30. Mention the three linkages of open economy.
PART - C
VI Answer any SEVEN of the following questions in 12 sentences each. 7x4=28
31. Briefly explain the central problems of an economy.
32. The following table gives the TP schedule of labour. Find the corresponding Average
product and marginal product schedules.
TPL 0 15 35 50 40 48
L 0 1 2 3 4 5
33. Explain the determinants of a firm’s supply curve.
34. Explain the role of the Government (State) and household sector in both developed and
developing countries.
35. Illustrate unplanned accumulation and decumulation of inventories with an example.
36. Explain the circular flow of income of an economy.
37. Write a brief note on transaction motive and speculative motives of demand for money.
38. Briefly explain the consumption function.
39. Write the chart of Government Budget.
40. Does Public Debt impose a burden? Explain.
41. State the merits and demerits of flexible and fixed exchange rate system.
PART - D
VII Answer any FOUR of the following questions in 20 sentences each. 4x6=24
42. Explain the features of indifference curves with the help of diagrams.
43. Explain market supply curve with the help of diagram.
44. Explain the short run equilibrium of a monopolist firm, when the cost of production is
positive by using TR and TC curves with the help of diagram.
45. Suppose the demand and supply curves of wheat are given by
qD=200-P and qS=120+P
a) Find the equilibrium price
b) Find the equilibrium quantity of demand and supply
c) Find the quantity of demand and supply when P is greater than equilibrium price
d) Find the quantity of demand and supply when P is lesser than equilibrium price.
46. Explain the macro economic identities.
47. Explain the functions of money?. How does money overcome the short comings of a
barter system?
48. Write a note on Balance of Payment
PART - E
VIII Answer any two of the following project oriented questions 2x5=10
49. A consumer wants to consume two goods. The Price of bananas is Rs.5 and price of
mangoes is Rs.10. The consumer income is Rs.40.
a) How many bananas can she consume if she spend her entire income on that good?
b) How many mangoes can she consume if she spend her entire income on that good?
c) Is the slope of budget line is downward or upward?
d) Are the bundles on the budget line equal to the consumers’ income or not?
e) If you want to have more of banana, you have to give up mangoes. Is it true?
50. Find the missing products of the following table.
Factor 1 TP MP1 AP1
0 0 0 0
1 10 - 10
2 24 - 12
3 40 16 13.33
4 - 10 -
5 - 6 11.2
6 57 1 9.5
****
2022 – 23
¢éwÃAiÀÄ ¦AiÀÄĹ ªÀiÁzÀj ¥Àæ±Éß ¥ÀwæPÉ – 1
¸ÀªÀÄAiÀÄ : 3-15 UÀAmÉ CxÀð±Á¸ÀÛç (22) UÀjµÀ× CAPÀ : 100
¨sÁUÀ – J
I ¸ÀjAiÀiÁzÀ GvÀÛgÀªÀ£ÀÄß Dj¹ §gɬÄj : 5X1=5
1) vÀĶÖUÄÀ tªÀÅ
(a) ªÀ¸ÀÄÛ ¤µÀ× (b) ªÀåQÛ ¤µÀ×
(c) a ªÀÄvÀÄÛ b JgÀqÀÆ (d) ªÉÄð£À AiÀiÁªÀÅzÀÆ C®è
¨sÁUÀ – r
VII F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÆ £Á®ÄÌ ¥Àæ±ÉßUÀ½UÉ ¥ÀæwAiÉÆAzÀPÀÆÌ E¥ÀàvÀÄÛ ªÁPÀåUÀ¼À°è GvÀj
Û ¹. 4 X 6 = 24
42) E½ªÀÄÄR ¹ÃªÀiÁAvÀ vÀĶÖUÄÀ t ¤AiÀĪÀĪÀ£ÀÄß PÉÆÃµÀÖPÀzÀ ªÀÄvÀÄÛ gÉÃSÁ avÀæzÀ ¸ÀºÁAiÀÄ¢AzÀ
«ªÀj¹.
43) GzÀåªÄÀ WÀlPÀzÀ C¯ÁàªÀ¢ü ¥ÀÆgÉÊPÉ gÉÃSÉAiÀÄ£ÀÄß gÉÃSÁavÀæ¢AzÀ ¸ÀºÁAiÀÄ¢AzÀ «ªÀj¹.
44) ¹ÜgÀ ¸ÀASÉåAiÀÄ G¢ÝªÉÄ WÀlPÀU¼À ÉÆA¢UÉ ªÀiÁgÀÄPÀmÉÖAiÀÄ ¸ÀªÀÄvÉÆÃ®£Àª£ À ÀÄß gÉÃSÁ avÀæzÀ
¸ÀºÁAiÀÄ¢AzÀ «ªÀj¹.
45) KPÀ¸ÁéªÄÀ å GzÀåªÀÄWÀlPÀzÀ C¯ÁàªÀ¢ü ¸ÀªÀÄvÉÆÃ®£Àª£ À ÀÄß ±ÀÆ£Àå ªÉZÀÑzÀ ¸ÀgÀ¼À ¥ÀæPÀgÀtzÀ
¸ÀºÁAiÀÄ¢AzÀ «ªÀj¹.
46) G.D.P. AiÀÄ£ÀÄß MAzÀÄ zÉñÀzÀ AiÉÆÃUÀPëÉêÀÄzÀ ¸ÀÆZÀåAPÀªÁV §¼À¹PÉÆ¼ÀÄîªÀÅzÀgÀ «ÄwUÀ¼À£ÄÀ ß
§gɬÄj.
47) ªÁtÂdå ¨ÁåAPÀÄUÀ¼À oÉêÀt ªÀÄvÀÄÛ ¸Á® (¥ÀvÄÀ Û) ¤ªÀiÁðt ¥ÀæQæAiÉÄAiÀÄ ªÉÄÃ¯É a¤ªÁgÀ
¯Á¯Á£À PÀxA É iÀÄ£ÀÄß §gɬÄj.
48) a£ÀßzÀ ¥Àæ«ÄwAiÀÄ£ÀÄß PÀÄjvÀÄ n¥Ààt §gɬÄj.
¨sÁUÀ – E
VIII F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÆ JgÀqÀÄ PÁAiÀÄð¨sÁgÀ ªÀÄvÀÄÛ ¤AiÉÆÃd£É DzsÁjvÀ ¥Àæ±ÉßUÀ½UÉ GvÀÛj¹
2 X5 = 10
49) F PɼÀV£À PÉÆÃµÀ×PÀz°
À è PÁuÉAiÀiÁzÀ GvÀà£ßÀ UÀ¼À£ÄÀ ß PÀAqÀÄ»r¬Äj.
Factor 1 TP MP AP
0 0 0 0
1 10 - 10
2 24 - 12
3 40 16 13.33
4 - 10 -
5 - 6 11.2
6 57 1 9.5
* * * * *
2022 – 23
¢éwÃAiÀÄ ¦AiÀÄĹ ªÀiÁzÀj ¥Àæ±Éß ¥ÀwæPÉ – 2
¸ÀªÀÄAiÀÄ : 3-15 UÀAmÉ CxÀð±Á¸ÀÛç (22) UÀjµÀ× CAPÀ : 100
¨sÁUÀ – J
I ¸ÀjAiÀiÁzÀ GvÀÛgÀªÀ£ÀÄß Dj¹ §gɬÄj : 5X1=5
1) ¸ÁA¥ÀæzÁ¬ÄPÀªÁV CxÀð±Á¸ÀÛçzÀ «µÀAiÀÄ ªÀ¸ÀÄÛªÀ£ÀÄß F JgÀqÀÄ «±Á® «¨sÁUÀUÀ¼À°è
CzsåÀ AiÀÄ£À ªÀiÁqÀ¯ÁVzÉ.
(a) ¸ÀÆPÀëöä ªÀÄvÀÄÛ ¸ÀªÀÄUÀæ CxÀð±Á¸ÀÛç (b) ªÁ¸ÀÛ«PÀ ªÀÄvÀÄÛ ªÀiÁzÀj CxÀð±Á¸ÀÛç
(c) ¤UÀªÀÄ£À ªÀÄvÀÄÛ C£ÀÄUÀªÀÄ£À (d) ªÉÄð£À AiÀiÁªÀÅzÀÆ C®è
2) ¥Àj¥ÀÆtð ¥ÉÊ¥ÉÆÃn ªÀiÁgÀÄPÀmÉÖAiÀİè PÉÆ¼ÀÄîªÀªg
À ÄÀ ªÀÄvÀÄÛ ªÀiÁgÀĪÀªÀgÀÄ
(a) ¨É¯É ¤zsÀðj¸ÀĪÀgÀÄ (b) ¨É¯É vÀqÉAiÀÄĪÀªgÀ ÄÀ
(c) ¨É¯É «±Éèö¸ÀĪÀªg
À ÄÀ (d) ªÉÄð£À AiÀiÁªÀÅzÀÆ C®è
¨sÁUÀ – ©
V F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÆ MA¨sÀvÀÄÛ ¥Àæ±ÉßUÀ½UÉ ¥ÀæwAiÉÆAzÀPÀÆÌ £Á®ÄÌ ªÁPÀåUÀ¼À°è GvÀÛj¹ : 9 X 2 = 18
17) C£ÀĨsÉÆÃVÃAiÀÄ ªÀvð À £ÉAiÀÄ£ÀÄß «ªÀj¸ÀĪÀ JgÀqÄÀ «zsÁ£ÀUÀ¼À£ÀÄß w½¹.
18) KPÀvÁ£ÁvÀäPÀ M®ªÀÅ JAzÀgÉãÀÄ ?
19) §eÉmï gÉÃSÉ ªÀÄvÀÄÛ §eÉmï UÀtzÀ°è£À ªÀåvÁå¸ÀUÀ¼ÁªÀŪÀÅ ?
20) ¨É¯É ¨ÉÃrPÉ ¹Üw ¸ÁÜ¥ÀPv À Àé JAzÀgÉ K£ÉAzÀÄ CxÉÊð¸ÀÄ«j ?
21) ¥Àj¥ÀÆtð ¥ÉÊ¥ÉÆÃnAiÀİè GzÀåªÀÄ WÀlPÀªÉÇAzÀÄ ¯Á¨sª À À£ÄÀ ß UÀ½¸À®Ä CUÀvÀå«gÀĪÀ
µÀgÀvÄÀ ÛUÀ¼À£ÄÀ ß w½¹.
22) ¸ÀªÄÀ vÉÆÃ®£À ¨É¯É ªÀÄvÀÄÛ ¥ÀæªiÀ ÁtªÀ£ÄÀ ß ªÁåSÁ夹
23) ¸ÀgÁ¸Àj DzÁAiÀÄ ªÀÄvÀÄÛ ¹ÃªÀiÁAvÀ DzÁAiÀÄUÀ¼À DxÀð w½¹.
24) ¸ÁéªÀÄåAiÀÄÄvÀ ¥ÉÊ¥ÉÆÃn ªÀiÁgÀÄPÀmÉÖAiÀÄ CxÀð §gɬÄj ªÀÄvÀÄÛ MAzÀÄ GzÁºÀgu À ÉAiÀÄ£ÀÄß ¤Ãr.
25) £Á®ÄÌ GvÁàz£ À ÁAUÀ¼ÁªÀŪÀÅ ? CªÀÅUÀ¼À ¥Àæw¥s®
À UÀ¼À£ÀÄß w½¹.
26) G.D.P. ªÀiÁ¥À£ÀzÀ 3 «zsÁ£ÀUÀ¼À£ÄÀ ß w½¹.
27) C.R.R. ªÀÄvÀÄÛ S.L.R. UÀ¼À CxÀð ¤Ãr.
28) «ÄvÀªåÀ AiÀÄzÀ «gÉÆÃzsÁ¨sÁ¸ÀzÀ CxÀðªÀ£ÀÄß ¤Ãr.
29) ¸ÁªÀðd¤PÀ ¸ÀgÀPÄÀ UÀ¼À£ÀÄß ¸ÀPÁðgÀªÃÉ KPÉ ¥ÀÆgÉʸÀ¨ÉÃPÀÄ ?
30) ªÀÄÄPÀÛ DyðPÀvA É iÀÄ ªÀÄÆgÀÄ PÉÆArUÀ¼À£ÄÀ ß w½¹.
¨sÁUÀ – ¹
VI F PɼÀV£À AiÀiÁªÀÅzÁzÀgÀÆ K¼ÀÄ ¥Àæ±ÉßUÀ½UÉ ¥ÀæwAiÉÆAzÀPÀÆÌ ºÀ£ÉßgÀqÀÄ ªÁPÀåUÀ¼À°è GvÀj
Û ¹ : 7 X 4 = 28
31) MAzÀÄ DyðPÀvA É iÀÄ PÉÃA¢æÃAiÀÄ ¸ÀªÀĸÉåUÀ¼À£ÄÀ ß ¸ÀAQë¥ÀÛªÁV «ªÀj¹.
32) F PɼÀV£À PÉÆÃµÀÖPª À ÀÅ ±ÀæªÄÀ zÀ MlÄÖ GvÀà£Àß ¥ÀnÖAiÀÄ£ÀÄß ¤ÃqÀÄvÀÛzÉ. CzÀPÀÌ£ÀÄUÀÄtªÁzÀ
¸ÀgÁ¸Àj GvÀà£Àß ¹ÃªÀiÁAvÀ GvÀà£ßÀ UÀ¼À£ÄÀ ß PÀAqÀÄ»r¬Äj.
TPL 0 15 35 50 40 48
L 0 1 2 3 4 5
¨sÁUÀ – E
Factor 1 TP MP AP
0 0 0 0
1 10 - 10
2 24 - 12
3 40 16 13.33
4 - 10 -
5 - 6 11.2
6 57 1 9.5
* * * * *