Old Question Paper 2059 - Economics | Management Class 12

Question Paper | Economics
Old Question Paper of Economics
Class : 12 | Subject: Management (Commerce)
Year : 2059 BS

Time: 3hrs | Full Marks: 100 | Pass Marks: 35 | [Section A]
Attempt all questions.
1) What is price elasticity of demand? How is it measured with total quality method? 5+5
2) Describe the main determinants of demand. Give an example of a joint demand. 8+2
3) Explain the law of diminishing marginal utility? What are its limitations? 7+3

4) Explain the law of variable proportions. 10
Or
What is perfect competition? How price and output are determined under it? 7+3
5) Rent is paid for original and indestructible powers of soil. Explain. 10
6) Explain Malthusian Theory of population. 10
7) Write Short notes on any two:

• a. Fixed and variable cost
• b. Gross and net interest
• c. Joint Stock company

[Section: B]

8) Explain the main functions of commercials banks. 10
9) Explain the characteristics of good tax system. 10
Or
Discuss briefly the arguments for and against protection 10
10) Write Short notes in any two:

• a. Inflation
• b. Deficit Financing
• c. Direct and indirect tax.

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