Skip to main content

Economics Guess Paper Commerce

Class 1st Year Principles Of Economics Guess Paper Commerce

Important Questions:

2016 IMPORTANT QUESTION

Section B: (Short Answer Questions)

MICRO ECONOMICS

Important Short Questions from Micro Economics:
1.                             Differentiate between Demand and Desire?
2.                             Differentiate between Change un demand and Change in Quantity demand?
3.                             What is mean by individual demand? Explain with the help of shedule and diagram?
4.                             What is mean by Market supply? Explain with the help of shedule and diagram?
5.                             Define price elasticity of demand. State the methods of measuring Elasticity of demand?
6.                             State the law of Demand and also elucidate the assumptions of the law?
7.                             Evaluate the relationship between Total and Marginal Utility?
8.                             Discuss the characteristics of imperfect competition?
9.                             State the characteristics of Monopoly?
10.                         State the definition of Economics given by Alfred Marshall and Lionel Robbins?
11.                         What is mean by production in Economics? Discuss each factor briefly?
12.                         State the law of Diminishing Marginal Utility?
13.                         Differentiate between individual and market demand?
14.                         State the law of supply and also predict the differences between stock and supply?
15.                         Differentiate between change in supply and change in quantity supply?
16.                         Evaluate the reasons why demand curve is negative sloped?
17.                         What is mean by the term Equilibrium? Define equilibrium price and quantity?
18.                         Define the term market. Defferentiate between monopoly and perfect competition and also state the characteristics of perfect competition?
19.                         Name the laws of returns and laws of costs? State the law of increasing and decreasing return?
20.                         Diffrentitiate between: ( Fixed and Variable cost, Average and Marginal cost, Average and Marginal revenue)
21.                         What is mean by internal and external economics?
22.                         Differentiate between micro and macro economics?

MACRO ECONOMICS

Important Short Questions from Macro Economics:
1.                             What is mean by Barter System? State the difficulties of Barter System?
2.                             Name the different methods of Measuring National income?
3.                             Differentiate between Domestic and International trade?
4.                             Define the term Trade cycle. Name the phases of trade cycle?
5.                             What is mean by Balance of Trade and Balance of Payment? Differentiate between balance of trade and balance of payement?
6.                             Discuss the characteristics of Good Money?
7.                             What is mean by National Income? Differentiate between GDP and GNP?
8.                             Differentiate between National Income at Market Price and National Income at Factor Cost?
9.                             Defien the term money? State the Quantity theory of Money?
10.                         State the different sources of Public revenue/ different forms os Public Expenditure?
11.                         State the advantages and disadvantages of International trade?
12.                         State the Comparative theory of cost/ Advantage?
13.                         Define the following terms: (Tax, Direct Tax, Indirect Tax, Progressive Tax, Proportional Tax)

Section C: (Detailed Answer Questions)

MICRO ECONOMICS

Important Detailed Micro Economics Questions:
1.                             State and explain the law of Diminishing Marginal Utility with the help of schedule and diagram and also write down the assumptions of the law?
2.                             Define the term Elasticity of Demand. Name the different types of Elasticity of demand and also write down the methods of measuring Elasticity of demand?
3.                             What is mean by Perfect Competition? Explain the Short- run Equilibrium of a firm under perfect competetion?
4.                             State and explain the Marshall's definition of Economics and also write down the merits and demerits of definition?
5.                             State and explain the Robin's definition of Economics. Exoplain the importance of study of Economics?
6.                             State and explain the Law of Diminishing Marginal Return and also write down the assumptions of the law. What are the reasons which cause marginal Return to fall?
7.                             State and explain the law of Demand / Law of Supply with the help of Schedule and diagram. Explain the assumptions of the laws?

MACRO ECONOMICS

Important Detailed Macro Economics Questions:
1.                             What is mean by International Trade? State the advantages and deisadvantages of International trade. discuss the theory of Comparative Cost and explain with the help of example?
2.                             Explain the Quantity theory of Money. State the assumptions of the theory and also state the criticism made by Economists on this theory?
3.                             Explain the different concepts of National Income. Explain the importance of mesuring National Income?
4.                             Explain any one method of Measuring National Income. Explain the difficulties while measuring National Income?
5.                             Define the term Money? Discuss the functions of Money. Discuss the advantages of Paper Money?
6.                             Differentiate between Direct and Indirect Taxes. Discuss the advantages and disadvantages of Direct Tax. Explain the Canons of Taxation?
Best Of Luck

Comments

Post a Comment

If You Face Any Problem feel free to ask
ager kio masla ho to app yaha pouch saktey hai

Popular posts from this blog

Free Download Notes XI & XII Commerce Notes & Book In Pdf

Free Download Notes XI & 1st Year Notes Download In Pdf XI Accounting Book  Economics Notes Pdf Free Download Urdu Notes for 1st Year (Class 11)  Another Urdu Notes For XI  Islamiat For XI  Principle Of Commerce 1st year XI POC Notes (Best) Server 01 XI POC ( Principle of Commerce ) Guess Paper Solved 2021 Free Download Notes  XII Commerce Notes & Book In Pdf XII Accounts Book With Solutions 2nd-year Urdu Notes Free Download Pdf XII English Notes Pdf 2nd Year English Notes Adam jee  2nd Year Commercial Geography  2nd Year Pak Studies Notes XII Pak Studies Notes In English Adam Jee XII Pak Studies Solved Paper XII Banking Notes (Shah Commerce) Another 2nd Year Banking Notes XII  CG Solved Papers Commerce Online Notes By Sir sultan hamid hussain (All credit goes to Sir Sultan) Server 01 Commercial Geography Notes In English By Sir Sultan Server 01 Commercial Geography Notes Notes In Urdu By Sir Sultan Server 01 XII Banking Notes Short Q

Questions And Answers The Count’s Revenge By J.H.Walsh

THE COUNT’S REVENGE (J.H.WALSH) Q: 1 What Arab custom is referred in the short play “The Count’s Revenge”? An Arab custom mentioned by the Countess of Morcerf to Albert and the Count of Morcerf when the count of Monte Cristo leaves their house without eating anything. The custom runs as “Never to eat food at the house of a deadly enemy”. She strongly believes that since the Count of Monte Cristo has a faith in that custom and thinks them to be his enemy, and hence not eat anything at their place.   Q: 2 What do you know about the reaction, plans or intention of Albert? Albert, the brave young son of the count of Morcerf, was deeply shocked by the disgrace of his father and family. As a man of honour, he showed severe emotional reaction to the unhappy incident. Albert made his mind to trace about the unknown enemy of his family and avenge the family honour. On his request, Beauchamp, a close friend of Albert, discovered the name of the enemy. It was Albert;s

English Essay Problems of Karachi

Problems of Karachi Karachi is the biggest city in Pakistan and one of the most thickly populated cities in the world. Its population has increased rapidly and accordingly has given rise to many social problems. People of this metropolis are becoming more and more concerned about solving these serious problems, some of which are discussed below. The ever-increasing rush of heavy traffic on the roads is resulting in heavy loss of human life. One day or the other, people suffer from accidents due to reckless driving. Some lose their vehicles and some go to the police. This is due to lack of civic sense in the citizens and violation of traffic rules. Traffic jams, road quarrels, untidiness and damage of public property are also the results of this problem. The government has not done any planning to control this situation in the past two decades. In the same manner, the government has never emphasized upon population distribution. As a result, slum areas are rapidly being built, wher

Short Questions Answers of The Prisoner of Zenda ~Drama Novel Prisoner of Zenda

 N OVEL Question 1)Tell in your own words how the first meeting came off between the two distant cousins? Answer) Rudolf leaves the inn one day as he is given an opportunity to stay at Jahan’s sister at Strelsau. Instead of going, he decides to walk through the forest and have a look at the castle of Zenda. He sits down in the forest to have some rest as well as smoke a cigar. After smoking his cigar, he unintentionally falls asleep. Shouts and sound of laughter wake him up. On opening his eyes, he sees two men standing near him. They are Fritz Von Tarlenheim and Colonel Sapt. They tell him that he looks exactly like their king except that he has a beard. At that moment King Rudolf appears. Rassendyll greatly surprises to see king Rudolf in the forest of Zenda. He gives a cry when he finds that Rudolf is just like him. Rudolf’s face and appearance are quite like his own. Rudolf’s height appears to be slightly less than his. Rassendyll bows respectfully before the king. In a happy m