List of top Economics Questions asked in Kerala Plus Two(Class 12)

List the three methods of measuring Gross Domestic Product of an economy.
Prepare a graphical representation of determination of equilibrium income in a two-sector economy.
Define Gross Domestic Product.
How does a rise in exchange rate affect exports of a country?
Explain exchange rate and list any two factors affecting exchange rates.
Given the consumption function \(C = 200 + 0.8Y\), \(I = 300\), find the equilibrium income.
Why do price ceilings lead to a shortage of commodities?
Illustrate price ceiling with the help of a example.
Why a seller in a perfectly competitive market is unable to sell above the market price?
Define Government Budget.
Distinguish between cardinal utility analysis and ordinal utility analysis.
Explain the features of perfect competitive market. (Any 3 points)
Write a short note on emergence of macroeconomics.
A firm’s capital at the beginning of the year is ₹ 10 crores and new investment during the year is ₹ 3 crores. Identify the stock and flow variables in the statement.
List any three factors which leads to rightward shift of the supply curve of a firm.
If consumer income increases, demand for normal goods also increases. What will be its effects on equilibrium price and equilibrium quantity?
Calculate equilibrium price and quantity from the given equations.
Explain the quantitative and qualitative instruments used by the central bank to control the money supply in the economy.
List the components of aggregate demand in a two-sector economy.
What are the central problems of an economy in relation to scarce resources?
Explain the functions of central bank.
The market price of a good increases from Rs. 10 to Rs. 25. Therefore, the quantity supplied by the firm increases from 15 to 20 units. Calculate the price elasticity of supply.
Explain the three types of budget.
Explain the conditions required for profit maximization of a perfectly competitive firm in short run.
What are the features of perfect competition?