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FEATURES OF THE QUESTION BANK, , For the first time Pre-University Department has released the Question Bank for Second, Year PUC Economics for both Commerce and Arts stream., , Second PUC Economics Text Book consists of two books., 1. Introductory Micro Economics - contains 6 chapters, 2. Introductory Macro Economics - contains 6 chapters, , First, Introductory Micro Economics should be taught and then Introductory Macro, Economics. Informations or concepts given in boxes are also to be taught., , The questions in the Question Bank are framed for all the chapters on the basis of, these two books., , Following are the features of the Question Bank., 1. Multiple Choice Questions - each question carries one mark., 2. Fill in the blanks — each question carries one mark., 3. Match the following — five marks, , 4. Questions which are to be answered in a sentence/word — each question carries one, mark., , 5. Questions which are to be answered in four sentences — each question carries two, marks., , 6. Questions which are to be answered in about twelve sentences — each question carries, four marks., , 7. Questions which are to be answered in about twenty sentences — each question carries, six marks., , 8. Assignment and Project-oriented questions — each question carries five marks., , Test, Mid-term and Annual Examination Question Papers should be based on this Question, Bank., , Programme of Work, a Model Question Paper with Blue-print are given in the end of the, Question Bank.
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INSTRUCTIONS, , Following instructions are to be followed while preparing a Question Paper (for 100, Marks)., 1. The Question Paper consists of 5 parts — Part A, Part B, Part C, Part D and Part E., PartA, 2. The Question Paper consists of Objective-type Questions as follows, a) Multiple Choice Questions — Total 5, , b) Fill in the blanks - Total 5, , c) Match the following - Total 5., , d) Questions to be answered in a word/sentence - Total 5, Part B, , 3. Questions to be answered in about 4 sentences — each question carries 2 marks., Any 9 should be answered - out of 14 Questions., Part C, 4. Questions to be answered in about 12 sentences — each question carries 4 marks, Any 7 should be answered - out of 11 Questions, Part D., 5. Questions to be answered in about 20 sentences — each question carries 6 marks., Any 4 should be answered - out of 7 Questions., Part E, , 6. Assignment Project-oriented Questions — each question carries 5 marks., Any 2 should be answered - out of 3 Questions
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ECONOMICS IT PUC QUESTION BANK 2019-20, MICRO ECONOMICS, , CHAPTER - 1, , INTRODUCTION, , I. Choose the correct answer (each question carries 1 mark), , 1. The scarce resources of an economy have, , (a) Competing usages (b) Single usages, (c) Unlimited usages (d) None of the above, , 2. Which of the following is an example of micro economic study?, (a) National Income (b) Consumer behaviour, (c) Unemployment (d) Foreign trade, , 3. Central problems of an economy includes, (a) What to produce (b) How to produce, (c) For whom to produce (d) All of the above, , 4. Traditionally, the subject matter of economics has been studied under the following broad branches., , (a) Micro & Macro Economics (b) Positive & Normative, (c) Deductive & Inductive (d) None of the above, IL. Fill in the blanks (each question carries 1 mark), 1. Scarcity of resources gives raise to, 2. Inacentrally planned economy all important decisions are made by, , 4 is a set of arrangements where economic agents can freely exchange, their endowments or products with each other., , 4. In reality, all economies are, , III. Match the following (each question carries 1 mark), , A B, 1. Market economy a. Government, 2. Service of a Teacher b. Private ownership, 3. Centrally planned economy c. Skill, 4. Positive economics d. Evaluate the Mechanism, 5. Normative economics e. Functioning of Mechanism
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Iv., , ee ee, , Dunk wWwN |, , VI., , Answer the following questions in a sentence/word. (each question carries 1, mark), , . Why does the problem of choice arise?, , What is market economy?, , What do you mean by centrally planned economy?, Give the meaning of micro economics., , What do you mean by positive economics?, , What is normative economics?, , Answer the following questions in 4 sentences. (each question carries 2 marks), , . Mention the central problems of an economy., , . Distinguish between Micro and Macro economics., , Distinguish between positive and normative economics., What do you mean by production posibility set?, What is opportunity cost?, , . What is production possibility frontier?, , Answer the following questions in 12 sentences. (each question carries 4, marks), , . Briefly explain, how the Family farm, Weaver, Teacher can use their resources to, , fulfill their needs in a simple economy., , . Briefly explain the production possibility frontier., , . Briefly explain the central problems of an economy., , Write a short note on a centrally planned economy., , Write a short note on market economy., , oe oe
