NEB Class 11 Management Economics Question Paper 2078
Group A - Very Short Answer Questions
Attempt All Questions.
What is an economic good?
If demand function is: and supply function is: , find the equilibrium price.
Numeric answer (Rs.)
What is the closed economy?
How is the disposable income calculated?
What is the economic development?
Write any two features of Nepalese Economy.
Mention any two uses of mineral resources in the agriculture sector.
Write any two applications of internet.
Write any two uses of Mathematics in Economics.
Find the differential coefficient of .
Numeric answer
Find the slope of the straight line passing through the points and .
Numeric answer
Group B - Short Answer Questions
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Explain the Marshallian definition of economics.
OR
What is labour? Explain its features. (1+4=5)
Explain the law of demand.
Answer based on the given supply table:
| Price (Rs./Kg.) | 5 | 10 | 15 |
|---|---|---|---|
| Quantity supplied (Kg.) | 1 | 2 | 3 |
(a) Find the elasticity of supply when the price of a commodity increases from Rs.5 to Rs.15.
Numeric answer
Answer based on the given supply table:
| Price (Rs./Kg.) | 5 | 10 | 15 |
|---|---|---|---|
| Quantity supplied (Kg.) | 1 | 2 | 3 |
(b) Find the elasticity of supply when the price of a commodity decreases from Rs.15 to Rs.10.
Numeric answer
Answer based on the given table:
| Unit of commodity consumed | Total utility | Marginal utility |
|---|---|---|
| 1 | 5 | |
| 2 | 9 | |
| 3 | 12 | |
| 4 | 14 | |
| 5 | 15 | |
| 6 | 15 | |
| 7 | 14 | |
| 8 | 12 |
(a) Complete the given table.
(b) Draw the total and marginal utility curves from the completed table.
(c) Show the relationship between total and marginal utility curves.
Mention the functions of money.
Evaluate the causes of Nepalese economy lagging behind in the process of economic development.
Explain the effects of climate change in the economy of Nepal.
Find the equation of straight line which passes through the point and makes equal intercepts on both axes.
OR
If the production function is given by: , then solve the following questions:
(a) Find marginal production function.
(b) Find the marginal product when unit of labour is 5.
Group C - Long Answer Questions
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Answer based on the given production table (Land = 15 Ropanies throughout):
| Unit of Labour | Total product (Kg.) |
|---|---|
| 0 | 0 |
| 1 | 10 |
| 2 | 30 |
| 3 | 60 |
| 4 | 80 |
| 5 | 90 |
| 6 | 90 |
| 7 | 80 |
| 8 | 60 |
(a) Complete the table by computing the average product and marginal product.
(b) Show the three stages of production in a diagram and explain.
Why measurement of national income is more difficult in developing countries like Nepal? Explain.
Evaluate the efforts made for the modernization and commercialization of agriculture in Nepal.
OR
Examine the role of industrial sector in the economic development of Nepal.