Sub. code 303
NEB — GRADE XI
Set A
Model Question
Class 11 Economics Model Question Set A
The candidates are required to give their answers in their own words as far as practicable. The figures in the margin indicate full marks.
Pass Marks : 32
सबै प्रश्नको उत्तर दिनुहोस् । (Attempt All Questions)
This model question paper is for Class 11 Economics, Set A (subject code 303), carrying full marks of 75 with a pass mark of 32, to be completed within 3 Hours. Model answers are available for questions that have one — reveal them with a free account (a few reveals) or a paid plan (unlimited).
Group A
Very Short Answer Questions
Define opportunity cost.
What is price elasticity of demand?
State the Law of Diminishing Marginal Utility.
If the demand function is Q d =200−15P and supply function is Q s =50+10P, find the equilibrium price.
What is Gross Domestic Product (GDP)?
Mention any two primary functions of money.
Define economic growth.
Write any two major features of a developing economy.
State two major environmental impacts of deforestation in Nepal.
Find the derivative (differential coefficient) of 𝑦
with respect to x.
Find the slope of the straight line passing through points (3,4) and (7,12)
Group B
Short Answer Questions
Explain Robbins' definition of economics.
Differentiate between microeconomics and macroeconomics.
Explain the Law of Demand with the help of a schedule and diagram.
Complete the following table and show the relationship between Total Utility (TU) and Marginal Utility (MU):
Units Consumed | Total Utility (TU) | Marginal Utility (MU) |
1 | 12 | 12 |
2 | 20 | ? |
3 | 25 | ? |
4 | 27 | ? |
5 | 27 | ? |
6 | 24 | ? |
Explain the secondary and contingent functions of money.
Evaluate the major causes for the slow growth rate of the Nepalese economy.
Discuss the potential and challenges of hydroelectricity development in Nepal.
Find the equation of a straight line passing through point and having equal intercepts on both axes.
If the total cost function is TC= , find the Average Cost (AC) and Marginal Cost (MC) functions.
Group C
Long Answer Questions
Based on the given data, compute Average Product (AP) and Marginal Product (MP). Graph the three stages of production according to the Law of Variable Proportions and explain each stage in detail.
Land (Fixed Input) | Labor (Variable Input) | Total Product (TP in units) |
10 | 0 | 0 |
10 | 1 | 15 |
10 | 2 | 35 |
10 | 3 | 60 |
10 | 4 | 80 |
10 | 5 | 90 |
10 | 6 | 90 |
10 | 7 | 84 |
10 | 8 | 72 |
Define National Income. Explain the Income Method and Expenditure Method of measuring National Income.
Evaluate the efforts made for the modernization and commercialization of agriculture in Nepal.
Explain the role and importance of the industrial sector in the economic development of Nepal.
Paper Overview & Analysis
Set A
Year
Model Question
Type
75
Full Marks
32
Pass Marks
3 Hours
Duration
21
Question Items
Question Type Breakdown
Group Breakdown
Chapter Breakdown
| Demand, Supply and Market equilibrium | 4 items | 15 marks |
| Natural resources of Nepal | 3 items | 7 marks |
| Basic mathematics | 3 items | 7 marks |
| National income accounting | 2 items | 9 marks |
| Money and inflation | 2 items | 6 marks |
| Concepts of positive and normative economics | 1 item | 1 mark |
| Consumer’s Behavior | 1 item | 1 mark |
| Economic development, growth and capital formation | 1 item | 1 mark |
| Definition of economics: Adam Smith, Alfred Marshall, Robbins | 1 item | 5 marks |
| Elasticity of demand and supply | 1 item | 5 marks |
| Manufacturing and tourism industry in Nepal | 1 item | 5 marks |
| Agriculture | 1 item | 8 marks |