Name of the Organisation : Department of Post University Education, Karnataka
Exam : II PUC Economics Exam
Subject : Economics
Document Type : Model Question Paper
Website : https://pue.karnataka.gov.in
Karnataka II PUC Economics Model Question Paper
Department of Post University Education, Karnataka Economics Model Question Paper II PUC for the year 2021-22.
Related / Similar Question Paper : Karnataka II PUC Geography Model Question Paper 2021-22
Karnataka II PUC Economics Questions
PART – A
I. Answer any Five of the following questions by choosing the correct answer.
1) Which of the following is an example of micro economic study
[a] National income
[b] Consumer behavior
[c] Unemployment
[d] Foreign Trade
2) The shape of an indifference curve is normally
[a] Convex to origin
[b] Concave to origin
[c] Horizontal
[d] Vertical
3) The market structure which produces heterogeneous products is called
[a] Monopoly
[b] Monopolistic Competition
[c] Perfect Competition
[d] None of the above
4) The year of great depression
[a] 1920
[b] 1889
[c] 1929
[c] 2022
5) In this standard all currencies were defined in terms of gold.
[a] metal
[b] silver
[c] gold standard
[d] none of the above
II. Answer any Five of the following questions by fill in the blanks.
6) As income increases the demand curve for normal goods shifts towards _ _ _ .
7) SMC Curve cuts the AVC curve at the _ _ _ _ _ _ _ _ point of the AVC curve from below.
8) _ _ _ _ _ _ _ _ _ _ is determined at the point where the demand for labour and supply of labour curves intersect.
9) In monopoly market goods which are sold have no _ _ _ _ _ _ _ _ _ _ _.
10)A part of the revenue is paid out as _ _ _ _ _ _ _ _ _ _ for the service rendered by land.
11)Savings is that part of income that is _ _ _ _ _ _ _ _ _ _.
12)The government may spend an amount equal to the revenue it collects. This is known as _ _ _ _ _ _ _ _ _ _ _ _ _.
13)The Bretton woods conference held in the year _ _ _ _ _ _ _ _ .
III. Match the following.
14) A B
1. Market economy a) TC
2. TFC + TVC = b) Private
3. Perfect competition c) Operation of invisible hand
4. Adam Smith d) Gross Domestic Product
5. GDP e) Perfect Information
IV. Answer any Five of the following questions in a word or a sentence.
15)Expand MRS.
16)Define Marginal Revenue.
17)What is price floor?
18)What is monopoly?
19)What do you mean by final good.
20)Write the meaning of autonomous consumption.
21)Give the meaning of progressive tax.
22)What is balance of trade?
PART – B
V. Answer any Nine of the following question in four sentence each.
23)What do you mean by inferior good? Give example.
24)State the law of demand.
25)What are long run costs?
26)Mention the two determinants a firm’s supply curve.
27)Define equilibrium price and quantity.
28)Write the meaning of monopolistic competition and give an example.
29)What are the four factors of production? Mention their rewards.
30)Write the difference between nominal GDP and Real GDP.
31)Give the meaning of CRR and SLR.
32)Give the meaning of investment multiplier and write its formula.
33)Give the meaning of paradox of thrift.
34)Why public goods must be provided by the government?
35)Mention the three linkages of open economy.
36)What is foreign exchange rate?
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