List of top Economics Questions asked in UP Board XII

What is deficient demand in an economy? Explain the measures to control it.
Explain six factors that affect market demand for a commodity.
What do you understand by market supply? Describe the determinant elements of supply.
Write the meaning of full employment. Mention the factors responsible for full employment.
What is consumer's equilibrium? Explain the conditions for achieving consumer's equilibrium using the concept of indifference curves and budget lines. Illustrate with a diagram.
What are official reserve transactions? Explain their importance in the balance of payments.
Describe Total Revenue, Average Revenue and Marginal Revenue.
Write the relationship between the revenue deficit and the fiscal deficit. Are fiscal deficits inflationary?
What are the different types of costs (fixed, variable, total, average, marginal) and how are they related? Explain with the help of diagrams.
Write down any three identities of calculating the gross domestic product of a country by the three methods of estimating national income.
The Marginal Rate of Substitution (MRS) between perfectly substitute goods remains constant. Explain with diagram.
The following table shows the Total Cost Schedule of a firm. Calculate Total Fixed Cost, Total Variable Cost, Average Variable Cost, Average Cost and Marginal Cost:
Q: 0, 1, 2, 3, 4, 5, 6
Total Cost: 10, 30, 45, 55, 70, 90, 120
What do you mean by substitute goods? Give examples of two goods which are substitutes of each other.
Distinguish between Micro-economics and Macro-economics.
General public are not allowed to open accounts in the central bank. Does it mean that the central bank does not perform any commercial banking activity? Explain.
Why is the budget line downward sloping? Explain.
What is the difference between planned and unplanned inventory accumulation? Explain.
Explain the components of money supply.
When exchange rate in terms of domestic currency rises
Steps taken through the government budget can influence
Fiscal deficit in a government budget refers to
Balance of trade equals
Which of the following makes a financial institution a bank?
Decrease in Cash Reserve Ratio will lead to
The shape of average revenue curve in monopoly is