I.com Part 1 Economics Guess Papers 2013
I Recommend 45 Definition for All the Students that is most important in Final Papers
And 9 Long Questions
Definition & Short Questions
1)What is Science of Wealth
2)What is Economics Laws?
3)Differentiate between Micro and Macro Economics
4)Definition of Economics ?
5)Prop under of Economics ?
6)Define Kinds of Economics
7)Define four advantages of Economics
8)Definition of Wealth
9)Define Utility
10)Define the Law Diminishing Marginal utility.
11)Define Equi Marginal Utility
12)Define Law of Demand and Law of Supply
13)Write the Formula of arc elasticity of Demand
14)Write the formula of cross elasticity of Demand
15)Why the demand curve negative slope ?
16)What is meant by zero elasticity of demand or perfectly inelastic demand?
17)Write the exceptions of law of demand.
18)What are substitute goods and griffin goods
19)Difference between supply and stock
20)Define elasticity of supply
21)Why is slope of supply curve positive ?
22)Write four assumption of law of supply
23)Write kinds of supply according to the period of time
24)What is meant by factors of production ?
25)What is meant by average fixed cost? With formula
26)What is meant by marginal cost and marginal revenue
27)Difference between short period and long period
28)What is perfect completion
29)Define industry and firm
30)What is mean by monopoly
31)What is firm equilibrium
32)What is meant by derived demand
33)Explain the meaning of Net National Product
34)What is Subsidy ?(Most Important Definition)
35)When Does National Income Increase ?
36)Write Five Factor of National Income
37)What is Barter
38)What is Meant by Metallic Money
39)How many kind of money
40)What is Paper Money
41)Write Fisher Equation of Exchange
42)Define Inflation and Defilation
43)Causes of Defilation
44)What is Fiscal Measures?
45)What is Trade Cycle ?
Long Questions :
1)Give the Definition of Prof. Alfred Marshall and Give a critical evolution of it.
Economics is the science of welfare. discuss
2)Describe law of diminishing marginal utility also describe its assumption and exceptions as well as its practical importance
3)Describe Law of equi marginal utility and its practical importance too.
Describe the Law of Demand and Explain it with the help of table and diagram also describe the exceptions and assumptions of aw of demand?
4)What is Meant by factor of production ? describe the relative importance of factor of production?
5)Describe law of increasing return and explain it by table and diagram
6)Describe law of constant return and explain its by table and diagram
7)What is meant by fixed cost and variable cost ? draw average variable cost, average cost and marginal cost curve of a firm
8) under perfect completion describe the various situation of a firm equilibrium in the short run ?
9) what is indifference curve ? describe briefly
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