Class 12 Economics new course 5 practice set
NEB Class 12 new course practice set of Economics. New practice model set based on new curriculum and grid for class 12 Economics
Class 12 Economics Practice Set 1
GROUP ‘A’
Answer all questions: (11x1= 11)
- What is an opportunity cost?
- What do you mean by equilibrium of a firm?
- Why central bank is called the advisor of the government?
- What is public revenue?
- What do you mean by frictional unemployment?
- Mention any two problems of Nepalese foreign trade.
- What do you mean by development planning?
- Mention any four goals of sustainable development.
- List out any two limitations of statistics.
- Define primary data.
- What is price index number?
GROUP ‘B’
Answer all questions: (8x5= 40)
12. Explain the concept of the PPC.
Or,
Explain the features of capitalist economy.
13. Derive short-run total cost curves.
14. Explain Ricardian theory of rent.
15. Calculate the TR, AR and MR from the following information:
Q+Y | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
Price | 10 | 9 | 8 | 7 | 6 | 5 | 4 |
16. Explain any five features of a good tax system.
17. Discuss about indicators of human development.
18. Explain the process of plan formulation in Nepal.
19. Calculate the standard deviation from the following data:
Income(Rs) | 50 | 60 | 70 | 80 | 90 | 100 | 110 | 120 |
No. of people | 14 | 45 | 54 | 46 | 26 | 12 | 6 | 2 |
OR,
Write merits and demerits of census method of data collection.
GROUP ‘C’
Answer all questions: (3x8= 24)
20. Explain the classical theory of interest.
21. What are the causes of poverty? What remedial measures do you suggest to reduce poverty?
22. Discuss about advantages and disadvantages of foreign employment.
OR,
Explain the importance of human resources.
Class 12 Economics Practice Set 2
GROUP ‘A’
Answer all questions: (11x1= 11)
- What is scarcity in economics?
- What is duopoly market?
- What is central bank?
- What is money market?
- What do you mean by economic inequality?
- What is plan holiday?
- What is remittance?
- Write the full form of SAFTA and SITC.
- Define sampling method of data collection.
- What is weighted index number?
- Mention any two functions of statistics.
GROUP ‘B’
Answer all questions: (8x5= 40)
12. Explain about allocation of resources.
Or,
Explain the features of mixed economy.
13. Explain the risk bearing theory of profit.
14. Explain how are price and output determined under monopoly?
15. Fill up the following table if the total fixed cost is Rs50.
| Q+Y | TVC | TFC | TC | AFC | AVC | ATC | MC |
| 1 | 10 | ||||||
| 2 | 18 | ||||||
| 3 | 24 | ||||||
| 4 | 32 | ||||||
| 5 | 42 | ||||||
| 6 | 54 | ||||||
| 7 | 70 | ||||||
| 8 | 90 |
16. Explain the comparative cost theory of international trade,
17. Discuss about causes of unemployment.
18. Discuss about composition of Nepalese foreign trade.
19. Calculate index number by using Laspeyre’s method
ITEMS | A | B | C | D |
Base year:
Price | 10 | 16 | 12 | 15 |
Qty. | 100 | 96 | 30 | 60 |
Current year:
Price | 8 | 14 | 10 | 5 |
Qty. | 96 | 98 | 40 | 25 |
OR,
Write merits and demerits of sample method of data collection.
GROUP ‘C’
Answer all questions: (3x8= 24)
Answer all questions
20. What is perfect competition? How are price and output determined under it?
21. Explain the process of budget formulation.
22. Discuss about advantages and disadvantages of remittances.
OR,
Explain the functions of commercial bank.
Class 12 Economics Practice Set 3
GROUP ‘A’
Answer all questions: (11x1= 11)
Answer all questions
- What do you mean by socialist economy?
- Define explicit cost.
- What is capital market?
- What do you mean by trade deficit?
- What do you mean by voluntary unemployment?
- What is national goal of current development plan?
- Mention any two principles of WTO.
- What do you mean by gender disparity?
- Mention any two features of index number.
- List out two importance of statistics.
- Mention any four methods of collecting primary data.
GROUP ‘B’
Answer all questions: (8x5= 40)
12. What are advantages and disadvantages of division of labor?
OR,
Discuss about shift in the PPC.
13. Derive TR, AR and MR curves under perfect competition.
14. Explain the features of monopoly market.
15. Explain the wage fund theory.
16. What are the sources of government revenue?
17. Discuss about ways to create employment.
18. What remedial measures do you suggest to solve the problems of Nepalese foreign trade?
19. Calculate the quartile deviation from the following data:
Wages(Rs) | 0-15 | 15-30 | 30-45 | 45-60 | 60-75 | 75-90 | 90-105 |
workers | 8 | 26 | 30 | 45 | 20 | 17 | 4 |
OR,
Discuss about sources of secondary data.
GROUP ‘C’
Answer all questions: (3x8= 24)
Answer All Questions.
20. Describe short-run average and marginal cost curves.
21. Define direct and indirect taxes. Also write advantages and disadvantages of direct tax.
22. Discuss about quality education and Nepal with respect to sustainable development goal.
OR,
Explain the importance of government finance.
Class 12 Economics Practice Set 4
GROUP ‘A’
Answer all questions: (11x1= 11)
- List out any two causes of rightward shift in PPC.
- Why does average fixed cost decreases continuously.
- What is government debt?
- What is pegged exchange rate?
- How is calculated unemployment rate?
- What do you mean by balance of trade?
- Write name of four countries which have trade relation with Nepal.
- Mention any four disadvantages of remittances.
- Mention stages of statistical inquiry.
- What do you mean by mailed questionnaire method of collection of primary data?
- What is dispersion?
GROUP ‘B’
Answer all questions: (8x5= 40)
12. Explain the problems of allocation of resources.
OR,
Discuss about advantages of specialization.
13. Calculate TR, AR and MR
Qty. | Price(Rs) |
0 | 50 |
1 | 50 |
2 | 50 |
3 | 50 |
4 | 50 |
5 | 50 |
14. Explain uncertainty bearing theory of profit.
15. Explain the factors determine real wage.
16. Discuss about scope of governmental finance.
17. Explain about characteristics of poverty.
18. List out goals of sustainable development.
19. From the data given below construct index number for the year 2070 taking 2068 as base year using simple average of price relative method
(Arithmetic mean)
commodities | Price in 2068 | Price in 2070 |
A | 6 | 10 |
B | 2 | 2 |
C | 4 | 6 |
D | 10 | 12 |
E | 8 | 12 |
OR,
Explain methods of collecting primary data.
GROUP ‘C’
Answer all questions: (3x8= 24)
20. Describe short-run average and marginal cost curves.
21. Explain about proportional tax and regressive tax system.
22. Discuss about growth and direction of Nepalese foreign trade.
OR,
Explain the importance of banking system.
Class 12 Economics Practice Set 5
GROUP ‘A’
Answer all questions: (11x1= 11)
Answer all questions
- What do you mean by choice in economics?
- What is nominal wage?
- What do you mean by internal borrowing?
- What is flexible exchange rate?
- Mention total population of Nepal based on current population census of Nepal.
- What is economic growth?
- What is income inequality?
- Define human resources.
- Mention any four features of statistics.
- Write any two differences between primary data and secondary data.
- Mention Laspeyre’s formula which can be used to construct price index number.
GROUP ‘B’
Answer all questions: (8x5= 40)
Answer all questions
12. What is division of labor? What are its types?
OR,
Distinguish between capitalistic and socialistic economy.
13. Distinguish between variable cost and fixed cost.
14. Explain the features of monopolistic competition.
15. If demand= 400-4P and supply= -10+6P, then fill up the following table. Also find equilibrium price and quantity
Price(Rs) | 5 | 10 | 15 | 20 | 25 |
Demand |
|
|
|
|
|
Supply |
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|
|
16. What is monetary policy? Also define expansionary and contractionary monetary policy.
17. What are the causes of unemployment?
18. What are national strategies of current development plan of Nepal?
19. Construct index number by using weighted average of price relative method
Commodities | Base year | Current year | ||
price | Qty | price | Qty | |
Price | 10 | 4 | 20 | 5 |
Maize | 20 | 2 | 30 | 4 |
Millet | 15 | 8 | 20 | 10 |
OR,
Discuss about precautions in the use of secondary data.
GROUP ‘C’
Answer all questions: (3x8= 24)
Answer all questions
20. Complete the AFC, AVC, AC, MC and TC from the following information if the total fixed cost is Rs.40. Also draw AFC, AVC and AC curves.
Qty. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
TVC(Rs) | 10 | 18 | 24 | 32 | 42 | 54 | 70 | 90 |
21. Explain the importance of public expenditure.
22. Explain the importance of foreign employment.
OR,
Explain about progressive and digressive tax system.
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