Sub. code 3041
NEB — GRADE XII
Set A
Model Question
Class 12 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 12 Economics, Set A (subject code 3041), 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
What is meant by opportunity cost?
Write any two features of a command economy.
If the total revenue of a firm increases from Rs. 5,000 to Rs. 5,400 due to the sale of 1 additional unit of output, find the marginal revenue.
Define fiscal policy.
What is foreign direct investment (FDI)?
Write any two basic components of the Human Development Index (HDI).
State any two objectives of the World Trade Organization (WTO).
Write any two negative impacts of remittance on the Nepalese economy.
Mention any two scopes of statistics.
If the arithmetic mean of data is 20X .
State Laspeyres's formula for the calculation of the price index number.
Group B
Short Answer Questions
What is division of labour? Explain its advantages.
Explain Production Possibility Curve (PPC) with diagram ?
Explain the Classical Theory of Interest.
Answer the following questions based on the given table.
Output (Unit of output) | TFC (Rs.) | TVC (Rs.) | TC (Rs.) |
|---|---|---|---|
0 | 20 | - | - |
1 | - | 20 | - |
2 | - | - | 50 |
3 | - | 45 | - |
4 | - | - | 100 |
5 | - | 145 | - |
Complete the above table.
Identify the structure of market.
Draw total, average and marginal revenue curves from the completed table.
Describe any five function of central bank.
Highlight the major goals, priorities, and policies of the current periodic development plan of Nepal.
The demand function and cost function of a monopoly firm are and . Find MR and MC functions and calculate price and output that maximizes profit.
Why is foreign employment useful for Nepal? Explain any five reasons.
Find the Standard Deviation from the given data and interpret the result.
Income | 10–20 | 20–30 | 30–40 | 40–50 | 50–60 |
|---|---|---|---|---|---|
Labour | 8 | 12 | 17 | 14 | 9 |
Find price index number by using Laspeyres' method and analyze the result on the basis of given data.
Commodities | 2019 | 2019 | 2023 | 2023 |
|---|---|---|---|---|
Price Rs. | Quantity | Price Rs. | Quantity | |
A | 30 | 20 | 35 | 25 |
B | 40 | 15 | 50 | 20 |
C | 25 | 30 | 30 | 25 |
D | 35 | 25 | 35 | 30 |
Group C
Long Answer Questions
Define perfect competition. Explain how equilibrium price and output are determined in the short run by a firm using the Marginal Revenue and Marginal Cost (MR-MC) approach.
Explain the importance of government borrowing in promoting the economic development of Nepal. Give any five reasons to support your answer.
Suggest and explain any five effective measures that Nepal can adopt to minimize its trade deficit and improve its balance of trade.
Evaluate the positive and negative impacts of foreign employment on Nepal’s long-term economic development.
Paper Overview & Analysis
Set A
Year
Model Question
Type
75
Full Marks
32
Pass Marks
3 Hours
Duration
24
Question Items
Question Type Breakdown
Group Breakdown