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| ALL Past Questions TOPIC WISE For The Last 10-13 years |
| Elementary Theory of Demand |
| Why does demand curve slope downward? |
[6]MQ |
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| Why does law of demand operate? |
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| Give the exceptions to the law of demand. |
[5]MQ |
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| What are the properties of an indifference curve? Explain with the help of a diagram. |
[5]MQ |
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| Explain why the consumer equilibrium is attained when the marginal utility of a product is equal to its price. |
[8]MQ |
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| Why does consumer choose a point of equilibrium where the indifference curve is tangent to the budget line? |
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| Define demand. Explain the main determinants of demand. |
[8]MQ |
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| Explain briefly the concept of indifference curve. |
[8]MQ |
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| Define movement along the demand curve and shift in demand curve. |
[8]MQ |
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| Elasticity of Demand |
| What is price elasticity of demand? |
[2]MQ |
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Define perfectly elastic demand. |
[2]MQ |
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Define relatively elastic demand. |
[2]MQ |
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| Name three methods of measurement of price elasticity of demand. |
[2]MQ |
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| Name two factors affecting the price elasticity of demand. |
[2]MQ |
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| Topics Covered |
1. |
Micro and Macro Economics |
2. |
Elementary Theory of Demand |
3. |
Elasticity of Demand |
4. |
Elementary Theory of Supply: Law of Supply
and Price Elasticity of Supply |
5. |
Law of Returns: Return to a Factor and Returns to Scale |
6. |
Equilibrium Price: Market Equilibrium |
7. |
Cost and Revenue |
8. |
Forms of Market: Perfect Competition, Monopoly and
Monopolistic Competition |
9. |
The Theory of Distribution I: Marginal Productivity
Theory and Wages |
10. |
The Theory of Distribution II: Rent, Interest and Profit |
11. |
National Income: National Income Aggregates,
Measurement of National Income
Nature of Goods and Services and Circular
Flow of National Income |
12. |
Public Finance: Taxation, Expenditure, Debt, Fiscal
Policy, Deficit Financing, Government Budget |
13. |
International Trade and Balance of Payment |
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| Advantages |
1. |
Topicwise Presentation Of All Past Questions Allows Topicwise Revision. Past Questions Are The Most Important Questions You Must Solve First. |
2. |
Frequency analysis shows types of past questions with marks, year reference and
whether choice or compulsory, short or long. |
3. |
Eliminates questions on topics not part of a forthcoming Board Exam. |
4. |
Adds model questions for new topics in a forthcoming Board Exam. |
5. |
Data is presented from the most recent to earlier years, covering 10-12 years. |
6. |
Perfect for making strategy and for the prioritization of study objectives. |
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| Solutions To All Past Questions |
| Topic:
Elementary theory of Demand |
Question |
Solution |
Formulae/ Concepts Used |
Tips |
| State the ‘LAW OF DEMAND’ and Illustrate it with the help of a diagram. |
[10]
MQ |
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| According to Prof Marshall, “The amount demanded increases with a fall in price and diminishes with a rise in price.” |
| In simple words, ‘THE LAW OF DEMAND’ states that other things remaining the same, the amount demanded increases with a fall in price and diminishes with a rise in price. In short, it shows inverse relationship between price and demand. Hence, demand curve is downward sloping or negatively sloped. |
No change in the level and distribution of income.
No change in the taste, nature and fashion of the consumers.
No change in the prices of related goods.
No new substitutes of the commodity.
No expectation of further change in price of a commodity. |
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| Explanation Of The Diagram: |
| a |
Law of demand shows the inverse relationship between price and quantity demanded. |
| b |
As from the (Demand Schedule) when the price of apple is Rs 5 its quantity demanded is 3 Kgs, as the price of apple falls to Rs 4 the quantity demanded increases to 5 Kg and so on. |
| c |
Thus, as price of a commodity decreases the quantity demanded increases which shows an inverse relationship between price and quantity demanded. |
| d |
When we plot this demand schedule on a graph we get a demand curve (shown in diagram) when we join all points. We get demand Curve ‘DD’, which indicates an inverse relationship between price and quantity demand. |
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| Assumptions should be mentioned along with the theory whenever a question of this type is asked. |
| Law of Demand is written as: |
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Diagram should be drawn neatly, properly labelled with proper explanation. This will help you to get more marks.
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| Advantages Solutions To All Past Questions |
• |
They Allow Self Check. |
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They Guide As To How And How Much To Write In The Board Exam. |
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Learn Backwards From Answers. |
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Learn How To Answer In A Board Exam. |
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Tips And Formulae To Memorize. |
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Last Minute Help: Gain Marks Even While You Sit And Read In Bed! |
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| Revision Notes |
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Revision Notes On What Has Already
Come In The Last 10-12 Years Are Helpful
Throughout The Year, Just Before Examinations,
Or Even The Night Before Exam. They Provide
A Quick Synopsis Of Solutions And Tips On Each Topic. |
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| Topic 1 - Micro And Macro Economics |
Topic
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No. of Question and Question asked in 2005
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Questions with Solutions |
Guidelines |
Tips |
| 1. |
Micro and Macro-Economics: |
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Introduction |
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9 Model questions
1 question in 2005 |
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| Questions (MQ), 2 Marks Short
Define Micro Economics. |
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| Solution |
| The word Micro has been derived from Greek word ‘MIKROS’ which means small. Micro economics is the study of economic activities of individuals and small groups of individuals. It includes the study of particular firms, households, individual prices, individual industries and particular commodities. |
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Give the definitions of economist while explaining the definitions.
Micro Economics concept was introduced by economist 'ADAM SMITH' and Macro Economics concept was introduced by economist 'KEYNES'. |
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Tick:How Do You Find
This Topic? |
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| Advantages |
• |
No Need To Make Separate Extensive Revision Notes. |
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Especially Excellent For Last Minute Revision. |
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Use Your Short-Term Memory To Boost Results By Reviewing These Notes The Night Before Exam, When Your Mind Is The Keenest! |
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| Prioritize Using
Smart Study Plan Interpretation |
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Topic 1 - Micro And Macro Economics,
there have been eleven questions. |
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Eight are model questions and three questions came
in the years 2007, 2006, and 2005. |
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Whether they were Compulsory (Short) or Choice (Long) questions
is indicated by S or L. |
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For example, the 2007 question was worth two marks
and was Compulsory. |
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Suggested time to attempt all these 11 questions on your own is 56 minutes. |
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| Frequency Analysis And Planning Chart |
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| Advantages |
• |
Find Out Which Past Questions Were Difficult For You
By Filling Out Each Circle According
To How Difficult You Found A Question. |
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Study According To Your Personal Strengths. |
• |
Save Time By Planning Better. |
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Revise These Questions For A Second Time To Maximize Marks. |
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Have A Thorough Knowledge Of What Has Already Come In The Last
13 Years On Each Topic. |
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| Remember |
Going Over Past Questions Gives You More
Confidence. Solutions To Every Past Question
As Per Board Guidelines Ensure
You Gain Every Possible Mark. |
These Are The Most
Important Hours
You Will Spend Towards Preparation Of
Your Board Exam. |
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| Extras |
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How To Work Smart: 10 Keys To Success By Dr Sunita Gandhi. |
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Nutritional Guidelines By Dr Amitabh Pandit, A Well Known Naturopath. |
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Cd–Includes Ten Keys Of Dr Gandhi As Explained By The Students Of
City Montessori School (Cms), Lucknow, Up And Testimonies
of Students Who Have Used The Sure Success Series. |
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| Please Note |
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Questions And Topics Not Relevant To A Future Board Exam Are
Not Included. |
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New Model Questions Are Added Whenever A New Topic Has Been
Included By The Council For A Forthcoming Board Exam. |
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