UNIT WISE IMPORTANT QUESTIONS:

UNIT: 1. INTRODUCTION TO ECONOMICS.

TEN MARKS QUESTIONS.

1. Critically explain the wealth definition of Economics?
2. Critically explain the Welfare definition of Economics?
3. Briefly explain the Scarcity definition of Economics?
4. What is Capitalism? explain the features, merits and demerits of Capitalism?
5. Define Mixed Economy? Explain its merits and demerits of Mixed Economy?
6. Define Cost? Explain the different types of Cost Concepts?

SIX MARKS QUESTIONS.

1. Micro and Macro economics.
2. Human Wants.
3. Consumption.
4. Utility.
5. Revenue Concepts.
6. Good.

UNIT – 2 . THEORIES OF CONSUMPTION.

TEN MARKS QUESTIONS.

1. Briefly Explain the Law of Diminishing Marginal Utility?
2. What is Demand? Explain the Law of Demand with the help of table and graph?
3. Explain the Law of Equi -Marginal Utility?

SIX MARKS QUESTIONS.

1. Properties of Indifference Curves.
2. Consumer’s Surplus.

UNIT – 3 – PRODUCTION.

TEN MARKS QUESTIONS.

1. Briefly explain the Law of Variable Proportions?
2. Explain the properties of a Land?
3. What is Economies of Scale? Explain the types of Economies of Scale?

SIX MARKS QUESTIONS.

1. Production Function.
2. Properties of Labor.
3. Write a note on Organization.

UNIT – 4- MARKETS.

TEN MARKS QUESTIONS.

1. What is Perfect Competition? Explain the Features of Perfect Competition?
2. What is Monopoly Market? Explain its Features.
3. What is Monopolist Competition? Explain the characteristics of Monopolistic Competition?
4. What is Price Discrimination? Explain its types?

SIX MARKS QUESTIONS.

1.Oligopoly Market.

2. Duopoly.

3. Product life cycle.

UNIT – 5- THEORIES OF DISTRIBUTION.

TEN MARKS QUESTIONS.

1. Explain briefly the Ricardian theory of Rent?
2. Explain the Marginal Productivity theory of Wages?
3. Explain the Loanable theory of interest?

SIX MARKS QUESTIONS.

1. Quasi- Rent.
2. wage Differentials.
3. Innovative Theory of Profit.