HS (HIGHER SECONDARY) IMPORTANT QUESTIONS.

Long questions (5marks each)

Please read your books and get your concepts clear. Once you do that thoroughly, then solve these questions, it'll help you out brushing up before your exam.

Q1. Explain the relationship between TP, AP and MP.

Q2. In which stage will a producer operate?

Q3. Explain the concept of internal economies and external diseconomies.

Q4. Derive the firm's supply curve under perfect competition. Explain using the diagram.

Q5. Explain the AD-AS analysis using a schedule or a diagram.

Q6. Derive the LAC from SACs.

Q7. What are the assumptions of the marginal productivity theory of distribution?

Q8. How the interest rate is determined from the liquidity preference?

Q9. Determine the wage rate using the marginal productivity theorem.

Q10. How rent element can exist in the earnings of any factor of production?

Q11. Explain the criticism of the Recardian theory of Rent.

Q12. Distinguish between Ricardian theory and Modern theory.

Q13. Explain the Expenditure and Income method of measuring National Income.

Q14. Explain the problem of double counting.

Q15. Explain what are the leakages and injections in the 3-sector Circular flow model.

Q16. Explain the functions of Central bank.

Q17. Distinguish between Current account and Capital account.

Q18. Explain the concept of credit creation and credit control.

Q19. Find the S.D. from the following information:
        (a) 20,19,20,19,19,20
        (b) 10,9,10,9,9,10

Q20. Explain Lorenz Curve with the help of diagram.

Q21. How the exchange rate is determined under flexible exchange rate system?

Q22. What are the Causes of Poverty?

Q23. What are the causes of income inequality?

Q24. What are the different types of unemployment in India? Explain them.