G GG G

G GG GG GG GU UU U
U UU UU UU UE EE E
E EE EE EE ES SS S
S SS SS SS SS SS S
S SS SS SS S P PP P
P PP PP PP PA AA A
A AA AA AA AP PP P
P PP PP PP PE EE E
E EE EE EE ER RR R
R RR RR RR R
X XX X
X XX XX XX XI II I
I II II II I - -- -
- -- -- -- - E EE E
E EE EE EE EC CC C
C CC CC CC CO OO O
O OO OO OO ON NN N
N NN NN NN NO OO O
O OO OO OO OM MM M
M MM MM MM MI II I
I II II II IC CC C
C CC CC CC CS SS S
S SS SS SS S
2 22 2
2 22 22 22 20 00 0
0 00 00 00 01 11 1
1 11 11 11 11 11 1
1 11 11 11 1
( (( (
( (( (( (( (S SS S
S SS SS SS SE EE E
E EE EE EE EC CC C
C CC CC CC C- -- -
- -- -- -- - B BB B
B BB BB BB B) )) )
) )) )) )) ) S SS S
S SS SS SS SH HH H
H HH HH HH HO OO O
O OO OO OO OR RR R
R RR RR RR RT TT T
T TT TT TT T A AA A
A AA AA AA AN NN N
N NN NN NN NS SS S
S SS SS SS SW WW W
W WW WW WW WE EE E
E EE EE EE ER RR R
R RR RR RR R Q QQ Q
Q QQ QQ QQ QU UU U
U UU UU UU UE EE E
E EE EE EE ES SS S
S SS SS SS ST TT T
T TT TT TT TI II I
I II II II IO OO O
O OO OO OO ON NN N
N NN NN NN NS SS S
S SS SS SS S
M MM M
M MM MM MM MI II I
I II II II IC CC C
C CC CC CC CR RR R
R RR RR RR RO OO O
O OO OO OO O E EE E
E EE EE EE EC CC C
C CC CC CC CO OO O
O OO OO OO ON NN N
N NN NN NN NO OO O
O OO OO OO OM MM M
M MM MM MM MI II I
I II II II I C CC C
C CC CC CC CS SS S
S SS SS SS S
1) Differentiate between Point & Arc elasticity method?
2) Explain the difference b/w change in quantity demand and change in demand.
3) Define Marginal utility and total utility?
4) Define law of Equal Marginal Utility?
5) Define scale of production?
6) Define Internal & External economies?
7) Define total, average & Marginal revenue?
8) Define fix, variable, Explicit & Implicit cost?
9) List the characteristics of monopolistic competition?
10) Differentiate between Monopoly & Monopolistic competition.
M MM M
M MM MM MM MA AA A
A AA AA AA AC CC C
C CC CC CC CR RR R
R RR RR RR RO OO O
O OO OO OO O E EE E
E EE EE EE EC CC C
C CC CC CC CO OO O
O OO OO OO ON NN N
N NN NN NN NO OO O
O OO OO OO OM MM M
M MM MM MM MI II I
I II II II IC CC C
C CC CC CC CS SS S
S SS SS SS S
11) Define money.
12) Define quantity theory of money.
13) Define International Trade
14) List the advantages and disadvantages of international trade.
15) Define balance of trade and balance of payment.
16) Define trade cycle.
17) Define public finance
18) List of the advantages and disadvantages of direct tax.
19) List the advantages and disadvantages of indirect tax.
20) List of the difference b/w public and private finance.
( (( (
( (( (( (( (S SS S
S SS SS SS SE EE E
E EE EE EE EC CC C
C CC CC CC C- -- -
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) )) )) )) ) L LL L
L LL LL LL LO OO O
O OO OO OO ON NN N
N NN NN NN NG GG G
G GG GG GG G A AA A
A AA AA AA AN NN N
N NN NN NN NS SS S
S SS SS SS SW WW W
W WW WW WW WE EE E
E EE EE EE ER RR R
R RR RR RR R Q QQ Q
Q QQ QQ QQ QU UU U
U UU UU UU UE EE E
E EE EE EE ES SS S
S SS SS SS ST TT T
T TT TT TT TI II I
I II II II I O OO O
O OO OO OO ON NN N
N NN NN NN NS SS S
S SS SS SS S
M MM M
M MM MM MM MI II I
I II II II IC CC C
C CC CC CC CR RR R
R RR RR RR RO OO O
O OO OO OO O E EE E
E EE EE EE EC CC C
C CC CC CC CO OO O
O OO OO OO ON NN N
N NN NN NN NO OO O
O OO OO OO OM MM M
M MM MM MM MI II I
I II II II I C CC C
C CC CC CC CS SS S
S SS SS SS S
Q-1 Explain the micro and macro approaches of economics in detail?
Q-2 (a) Define utility and explain the law of diminishing marginal utility?
(b) How it is different from law of equip-marginal utility?
Q-3 (a) Explain law of Demand with the help of table and diagram?
(b) Define rise and fall of demand?
Q-4 (a) what do you know about price determination?
(b) Explain different cases of price determination?
Q-5, Explain any two methods for measurement of elasticity of demand? With the help of schedule
and diagram?
Q-6 (a) explain equilibrium of the firm under perfect competition in short run period?
(b) Explain law of diminishing return with the help of table and diagram?
M MM M
M MM MM MM MA AA A
A AA AA AA AC CC C
C CC CC CC CR RR R
R RR RR RR RO OO O
O OO OO OO O E EE E
E EE EE EE EC CC C
C CC CC CC CO OO O
O OO OO OO ON NN N
N NN NN NN NO OO O
O OO OO OO OM MM M
M MM MM MM MI II I
I II II II IC CC C
C CC CC CC CS SS S
S SS SS SS S
Q-7. a) Define N.I and Explain Diff Concept of N.I?
b) Explain Measurement methods of N.I?
Q-8, Differentiate between Public Finance and Private Finance.
Q-9, Explain the advantages and disadvantages of International trade.
Q-10, Explain the advantages and disadvantages of paper Money.
Q-11, Differentiate between Direct Tax & Indirect Tax
Q-12, Explain the problems in Barter system.
Explain the qualities of good money.

P PP P
P PP PP PP PR RR R
R RR RR RR RE EE E
E EE EE EE EP PP P
P PP PP PP PA AA A
A AA AA AA AR RR R
R RR RR RR RE EE E
E EE EE EE ED DD D
D DD DD DD D B BB B
B BB BB BB BY YY Y
Y YY YY YY Y: :: :
: :: :: :: : S SS S
S SS SS SS SI II I
I II II II IR RR R
R RR RR RR R R RR R
R RR RR RR RE EE E
E EE EE EE EH HH H
H HH HH HH HA AA A
A AA AA AA AN NN N
N NN NN NN N R RR R
R RR RR RR RA AA A
A AA AA AA AN NN N
N NN NN NN NA AA A
A AA AA AA A