Sub. code 3041
NEB — GRADE XII
Set B
Model Question
Class 12 Economics Model Question Set B
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 B (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
Define microeconomics.
State the law of supply.
What is meant by marginal cost (MC)?
State the concept of liquidity preference given by Keynes.
Define progressive tax.
What is meant by trade deficit?
Write any two indicators of economic growth.
Define 'budget deficit'.
State any two characteristics of a good average in statistics.
Calculate the median from the given data: 12, 18, 15, 25, 20.
Write the formula for calculating Paasche's Price Index.
Group B
Short Answer Questions
Explain the features of a free-market economy.
Describe any five differences between capitalist and socialist economy.
Complete the following table and derive the Average Product (AP) and Marginal Product (MP) curves:
Units of Labor (L) | Total Product (TP) |
|---|---|
1 | 10 |
2 | 24 |
3 | 36 |
4 | 44 |
5 | 48 |
Explain the Uncertainty Bearing Theory of Profit
Describe the key functions of a Commercial Bank in an economy like Nepal.
Discuss the causes and major consequences of poverty in Nepal.
From the data given below, calculate the Mean Deviation from Mean and its coefficient:
Marks: 10, 20, 30, 40, 50
Number of Students: 2, 4, 8, 4, 2
Distinguish between direct and indirect taxes. Discuss the main features of a good tax system.
Calculate the price index number for the year 2080 using Paasche's Price Index Method from the following data and interpret the result.
Commodity | Price in 2078 Rs. | Quantity in 2078 | Price in 2080 Rs. | Quantity in 2080 |
|---|---|---|---|---|
A | 8 | 10 | 12 | 12 |
B | 6 | 8 | 9 | 10 |
C | 4 | 12 | 6 | 15 |
D | 10 | 6 | 8 | 5 |
Explain how price and output are determined under a perfectly competitive market structure in the short run.
Group C
Long Answer Questions
Define Macroeconomics. Explain its scope, major importance, and structural limitations in the context of a developing economy like Nepal.
The following table provides the output schedule of a firm along with its Total Cost (TC). The Total Fixed Cost (TFC) is Rs. 120.
Output (Q) | 0 | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|---|
Total Cost (TC) in Rs. | 120 | 180 | 220 | 270 | 340 | 440 |
Derive Total Variable Cost (TVC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Cost (AC), and Marginal Cost (MC).
Explain the short-run relationship between AVC, AC, and MC using standard theoretical rules (no graph required for this part, just clear analytical points).
Evaluate the contribution of the tourism sector to the Nepalese economy. What are the key bottlenecks hindering its growth, and what strategic policies should the government implement to maximize its potential?
Define national income. Explain the Expenditure Method of measuring national income and mention its major practical difficulties/precautions.
Paper Overview & Analysis
Set B
Year
Model Question
Type
75
Full Marks
32
Pass Marks
3 Hours
Duration
22
Question Items
Question Type Breakdown
Group Breakdown
Chapter Breakdown
| Basic Concepts of Statistics | 2 items | 2 marks |
| Basic Concepts of Economics | 1 item | 1 mark |
| Market and Revenue Curves | 1 item | 1 mark |
| Banking and Monetary Policy | 1 item | 1 mark |
| International Trade | 1 item | 1 mark |
| Sustainable Development Goals and Nepal | 1 item | 1 mark |
Chapter breakdown covers 7 of 22 question items on this paper — the rest aren't tagged to a chapter yet.