2025 Exam: Introduction to Microeconomics and Macroeconomics PDF

# 2025 Exam: Introduction to Microeconomics and Macroeconomics ### Chapter 1 Introduction to Microeconomics and Macroeconomics 1. Explain any five features of macro economics 2. Explain any five features of macro economics 3. Macro economics is different from Micro economics 4. Explain any four poi...

# 2025 Exam: Introduction to Microeconomics and Macroeconomics ### Chapter 1 Introduction to Microeconomics and Macroeconomics 1. Explain any five features of macro economics 2. Explain any five features of macro economics 3. Macro economics is different from Micro economics 4. Explain any four points of importance of Micro economics 5. Slicing method and lumping method 6. Explain the scope of micro economics 7. Explain the scope of macro economics 8. Asha collected the information about the income of a particular firm (Ans. Micro Economics) ### Chapter 2 Utility Analysis 1. Explain any five features of utility 2. Explain types of Utility 3. Explain any four exceptions of the law of Diminishing marginal utility 4. There are no exceptions to the law of diminishing marginal utility 5. Total Utility and Marginal Utility 6. Manisha satisfied her wants of writing an essay by using pen and notebook (Ans: Utility) ### Chapter 3A Demand Analysis 1. Explain types of demand 2. State and explain the law of demand with exceptions 3. Joint/complementary demand and competitive demand 4. Individual Demand and Market Demand 5. Variation in Demand and Change in Demand 6. Explain the Determinants of demand 7. Due to mandatory use of masks during corona epidemic the demand for mask producing labour has increased (Ans. Indirect Demand) 8. A poor person wants to buy a car (Ans. Desire) ### Chapter 3B Elasticity of Demand 1. Explain the concept of price elasticity with its types 2. Explain the Ratio or percentage method of measuring price elasticity of demand 3. Explain Point/ Geometric Method of measuring price elasticity of demand 4. Explain outlay method of measuring price elasticity of demand 5. Explain Factors influencing the elasticity of demand 6. Perfectly elastic demand and Perfectly inelastic demand 7. Unitary elastic demand and Relatively elastic demand 8. importance of elasticity of demand 9. Ramesh's demand for salt remained unchanged inspite of a 10% rise in its price (Ans. Perfectly Inelastic Demand) ### Chapter 4 Supply Analysis 1. State and explain the law of supply with assumptions 2. There are exception to the law of supply. 3. Stock and Supply 4. total revenue and marginal revenue 5. Supply curve of labour is backward bending 6. A table seller sold the table for P2000 per piece. In this way he sold 15 tables and earned P30,000. (Ans. Total Revenue) Out of 4000 kgs of rice the farmer offered to sale 1000 kgs of rice in the market at P40 per kg. (Ans. Supply) ### Chapter 5 Forms of Market 1. Price maker is the only feature of the monopoly market 2. Explain the meaning of Monopoly with its Features 3. Price under perfect competition is decided by the interaction between demand and supply. 4. Explain any 6 features of perfect competition 5. Explain types of monopoly 6. Explain features of oligopoly 7. Explain Features of Monopolistic Competition ### Chapter 6 Index Number 1. Price Index and Quantity Index 2. Simple Index Numbers and Weighted Index Numbers 3. Index numbers are very significance/important in economics 4. Explain the meaning of index number. Explain various steps involved in the construction of index number ### Chapter 7 National Income 1. Explain the concept of National Income and explain the practical difficulties involved in the measurement of National Income 2. Output method of measuring national income and Income method of measuring national income 3. There are no theoretical difficulties in the measurement of National Income 4. Explain any four features of national income 5. Jagruti receives monthly pension of P 5000 from the state government (Ans. Transfer Payment) 6. Shobha collected data regarding the money value of all final goods and services produced in the country for the financial year 2019-20 (Ans. National Income) ### Chapter 8 Public Finance in India 1. There are many sources of non-tax revenue (4 marks) 2. Explain various source of public revenue. 3. Explain any five reasons for the growth of public expenditure(4 Marks) 4. Explain various reasons for the growth of public expenditure(8 Marks) 5. Internal debt and External debt 6. Maharashtra purchased wheat from Punjab (Ans. Internal trade) ### Chapter 9 Money market and Capital market in India 1. Explain any five problems of the capital market in India 2. Explain any four problems faced by the money market in India 3. Capital market plays an important role in India 4. Recurring deposits and Fixed deposits 5. Demand deposit and Time deposit 6. Raghu's father invested his money in a market for long-term funds both equity and debt raised within and outside the county (Ans. Capital Market) 7. Lucy deposited a lumpsum amount of P1,00,000/- in the Bank of India for the period of one year. (Fixed Deposit) ### Chapter 10 Foreign Trade 1. Balance of Trade and Balance of Payment are two different concepts. 2. Balance of Payment is same as Balance of Trade. 3. Over the 75th years, India's foreign trade has undergone a complete change in terms of composition and direction 4. England imported cotton from India, made readymade garments from it and sold to Malaysia (Ans. Entrepot Trade) # Exam Preparation Tips for HSC Economics 2025