List of top Economics Questions asked in Bihar Board XII

Explain the Law of Demand. What are its assumptions?
Define Utility.
Mention the four determinants of elasticity of supply.
Define perfect competition.
Define flow.
Which items are included in balance of trade?
State two sources of supply of foreign exchange.
Define Government Budget.
What is meant by production function?
What are the two forces in determining the price of the goods?
What is meant by demand?
When the elasticity of demand is unitary?
Differentiate between compact and dispersed settlements.
What is meant by Fiscal policy?
What is meant by producer's equilibrium?
Explain the relation between Total Revenue and Marginal Revenue.
What is meant by recession?
What is Say's law of market?
What is Investment Multiplier?
What is meant by Fixed cost?
Define market equilibrium.
What do you mean by Gross Domestic Product?
When the second Narasimham Committee was appointed?
Mention two contingent functions of money.
Give two examples each for Consumption goods and Capital goods.