Class 12 Economics Model Question Set D

State two main benefits of implementing division of labor in a production process.

A firm generates Rs. 700 by selling 10 units of a product. Upon selling the 11 th unit, its total revenue increases to Rs. 750. Calculate the Marginal Revenue ( MR) using the standard formula.

What term describes the regulatory policy framework adopted by a central bank to manage national money supply and credit availability?

Mention one fundamental point of distinction between a fixed exchange rate system and a flexible (floating) exchange rate system.

Define 'structural unemployment'.

On what date did Nepal officially secure membership in the World Trade Organization (WTO)?

Mention two key policy strategies targeted at poverty reduction in Nepal's current periodic plan.

Suggest two active roles a student can play at the community level to eliminate educational gender bias and promote equal access for girls by 2030.

List two essential pre-requisites or preparations required prior to collecting primary data.

Identify two major limitations or challenges faced when gathering and relying on secondary data sources (such as published books, newspapers, or radio broadcasts).

In a given distribution, the difference between the upper quartile () and lower quartile () is 40, and their sum is 100. Calculate the coefficient of quartile deviation and interpret the result.

Define the Production Possibility Curve (PPC) and explain its core economic concept. Outline the major underlying assumptions of the PPC framework.

Explain the concept of allocation of resources in economics.

State and explain the Subsistence Theory of Wage (often associated with classical economists like David Ricardo and Thomas Malthus).

A manufacturing firm has a constant Total Fixed Cost ( TFC) of Rs. 300 regardless of output level. The table below presents its Total Variable Cost ( TVC) across different production levels ( Q=0 to Q=8).

a. Complete the missing values for Total Fixed Cost ( TFC), Total Cost ( TC), Average Fixed Cost ( AFC), and Average Variable Cost ( AVC).

b. Describe the shapes and relationship of the TFC, TVC, and TC curves.

Explain how Average Revenue ( AR) and Marginal Revenue ( MR) curves are derived in a perfectly competitive market. Why are both curves horizontal straight lines?

List and describe five major functions performed by central banks.

Identify and explain five main reasons behind widespread poverty in developing nations like Nepal.

Outline the primary objectives and fundamental strategies set out in Nepal's current national periodic plan.

The following table shows the monthly wage distribution of workers in a firm. Calculate the mean deviation from mode and its coefficient.

Using the following data, calculate the price index number for 2020 by taking 2015 as the base year. Apply both Laspeyres' and Paasche's weighted aggregate price index methods.

Explain David Ricardo's theory of rent with the help of a suitable diagram. Discuss how rent arises due to differences in the fertility and productivity of land. solve it and generate diagram pencil should be used in diagram .

Discuss the historical growth of Nepal's foreign trade and explain the major commodities that Nepal exports to and imports from other countries.

What are the major challenges faced by Nepal's foreign trade? Explain the possible measures that can be adopted to overcome these challenges and improve the country's international trade.

Do you consider foreign employment beneficial for Nepal and its citizens? Present your opinion by discussing its positive contributions as well as its possible negative consequences.