Economics Exam on 29/April/2014 Guess paper

Dear Student of Board of Intermediate Education Karachi(BIEK)this is the guess paper for your preparation for Economics Exam on 29/April/2014 :

Important questions:

Micro short questions.
1. Law of Demand and Supply with curve and schedule
2. Law of Diminishing marginal Utility with Diagram
3. Explain Monopoly or Perfect competition
4. Define Production and factors of production
5. Write main features of Marshall's and Robin's definition
6. Explain Elasticity and methods to measure it.
7. Differentiate between:
A) Fixed and variable cost
B) stock and supply
C) demand and supply
8. Name and define in one line laws of cost and laws of return

Important questions 

Macro Short:

1.What is National Income explain various concepts of national Income
2. Define money and function of money.
3. State difficulties of Barter.
4. Differentiate between:
A) inflation and deflation
B) public and private finance
C) nominal and real wages
D) Direct and Indirect tax
5. Describe phases of Business (trade cycle) with Diagram
6. Explain Canon of Taxation by Adam Smith 
7. Explain quantity theory of Money 

Important Long question Micro Economics:

Q1. Explain Definition of Economics by Marshall's and Robins and write Criticism and Attributes.

Q2. Explain Law of Diminishing marginal utility with graph, schedule and examples

Q3. Define Price Elasticity of Demand and explain methods of its measurement.

Important Long questions Macro Economics:

Q1. Define National Income Explain its various concepts and describe one methods of measure of national income.

2. Define International Trade and state its advantages and disadvantages.

3. Explain Direct and Indirect Tax in detail also describe advantages of direct taxation.

Guesspaper By Sir.Azam 

email: azam_zuberi@hotmail.com