1.
[1]
What is an economic good?
Economics
NEB — CLASS 11
Economics
Model Question
Answer each question in your own words as far as practicable. The figures in the margin indicate full marks.
सबै प्रश्नको उत्तर दिनुहोस् । (Attempt All Questions)
Time : 3 hrsPass Marks : 27Full Marks : 75
2.
[1]
If demand function is: Qd = 150 + 10P and supply function is: Qs = 300 - 20P, find the equilibrium price.
3.
[1]
What is the closed economy?
4.
[1]
How is the disposable income calculated?
5.
[1]
What is the economic development?
6.
[1]
Write any two features of Nepalese Economy.
7.
[1]
Mention any two uses of mineral resources in the agriculture sector.
8.
[1]
Write any two applications of internet.
9.
[1]
Write any two uses of Mathematics in Economics.
10.
[1]
Find the differential coefficient of 3x².
11.
[1]
Find the slope of the straight line passing through the points A(2, 3) and B(5, 7).
12.
[5]
Explain the Marshallian definition of economics.
13.
[6]
What is labour? Explain its features.
14.
[5]
Explain the law of demand.
15.
[5]
Answer the following questions based on the given table.
| Price (Rs./Kg.) | 5 | 10 | 15 |
|---|---|---|---|
| Quantity supplied (Kg.) | 1 | 2 | 3 |
a. Find the elasticity of supply when the price of a commodity increases from Rs. 5 to Rs. 15.
b. Find the elasticity of supply when price of a commodity decreases from Rs. 15 to Rs. 10.
16.
[5]
Answer the following questions based on the given table:
| Unit of commodity consumed | Total utility | Marginal utility |
|---|---|---|
| 1 | 5 | |
| 2 | 9 | |
| 3 | 12 | |
| 4 | 14 | |
| 5 | 15 | |
| 6 | 15 | |
| 7 | 14 | |
| 8 | 12 |
a.
Complete the given table.
b.
Draw the total and marginal utility curves from the completed table.
c.
Show the relationship between total and marginal utility curves.
17.
[5]
Mention the functions of money.
18.
[5]
Evaluate the causes of Nepalese economy lagging behind in the process of economic development.
19.
[5]
Explain the effects of climate change in the economy of Nepal.
20.
[5]
Find the equation of straight line which passes through the point A (-5, 10) and makes equal intercepts on both axes
21.
If the production function is given by: Q = 4L + 3L2 + 7L3, then solve the following questions:
a. Find marginal production function.
b. Find the marginal product when unit of labour is 5.
22.
[8]
Answer the following questions based on the given table:
| Land in Ropanies | Unit of Labour | Total product in Kg. | Average product in Kg. | Marginal product in Kg. |
|---|---|---|---|---|
| 15 | 0 | – | – | – |
| 15 | 1 | 10 | ||
| 15 | 2 | 30 | ||
| 15 | 3 | 60 | ||
| 15 | 4 | 80 | ||
| 15 | 5 | 90 | ||
| 15 | 6 | 90 | ||
| 15 | 7 | 80 | ||
| 15 | 8 | 60 |
a.
Complete the table by computing the average product and marginal product.
b.
Show the three stages of production in a diagram and explain.
23.
[8]
Why measurement of national income is more difficult in developing countries like Nepal? Explain.
24.
[8]
Evaluate the efforts made for the modernization and commercialization of agriculture in Nepal.
25.
[8]
Examine the role of industrial sector in the economic development of Nepal.