Sub. code 3041
NEB — GRADE XII
Set C
Model Question
Class 12 Economics Model Question Set C
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 C (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
Mention any two major characteristics of a mixed economic system.
A firm earns total revenue of Rs. 6,000 and incurs a total cost of Rs. 4,400. Calculate its total profit.
Explain the meaning of government revenue.
State any two points of difference between balance of trade and balance of payments.
Identify any two major dimensions used to calculate the Human Development Index (HDI).
What is meant by the World Trade Organization (WTO)?
Mention any two productive ways of utilizing remittance in Nepal.
Which Sustainable Development Goal is considered less directly applicable to Nepal because it is a landlocked country?
Define the term statistics.
The average income of five individuals is Rs. 16. Calculate the unknown income (X) from the following data.
Write down the mathematical formula for calculating the Mean Deviation from Median.
Group B
Short Answer Questions
What is meant by the division of labour? Describe any four major disadvantages associated with the specialization of labour.
Which type of economic system is followed by Nepal? Explain any four important characteristics of this economic system.
Explain the risk-bearing theory of profit. Also, discuss the major criticisms raised against this theory.
The following table presents the quantity of goods sold and their respective prices. Complete the table by calculating Total Revenue (TR), Average Revenue (AR) and Marginal Revenue (MR). Then, draw the AR and MR curves using the calculated values.
Units (Q) | Price (Rs.) | TR (Rs.) | AR (Rs.) | MR (Rs.) |
|---|---|---|---|---|
1 | 25 | |||
2 | 20 | |||
3 | 15 | |||
4 | 10 |
Suppose the total cost function of a firm is given by , and its demand function is . Calculate the equilibrium quantity of output and the corresponding market price.
Explain any five major contributions of the banking system towards the economic development and prosperity of a country.
Identify and explain any five major factors responsible for the growing problem of unemployment in Nepal.
Mention any two major national objectives and explain any three important national strategies adopted by Nepal's current periodic development plan.
The following table shows the average wage rates and standard deviations of two similar companies, X and Y. On the basis of the given information:
a. Calculate the coefficient of variation for each company.
b. Identify which company has more consistent wage rates and justify your answer.
Given Data:
Particulars | Company X | Company Y |
|---|---|---|
Average wage rate (Mean) | 45 | 40 |
Standard deviation (SD) | 13 | 12 |
Paper Overview & Analysis
Set C
Year
Model Question
Type
75
Full Marks
32
Pass Marks
3 Hours
Duration
19
Question Items
Question Type Breakdown
Group Breakdown