NATIONAL EXAMINATIONS BOARD [NEB]
NEB - Grade XII
2079 (2022)
Economics
Regular Students | Subject Code: 3041 'H'
Time - 3 hrs
Full Marks - 75
Pass Marks - 27
Candidates are required to give their answers in their own words as far as practicable. The figures in the margin indicate full marks.
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Attempt all the questions.
Group A
Very Short answer questions. 11x1=11
1. What is opportunity cost?
2. If the total revenue of a firm is Rs. 6,000 and the total cost is Rs. 4,800, then find the total profit by using the formula.
3. What is monetary policy?
4. Write any two examples of indirect tax.
5. Mention any two importance of human resources for economic development.
6. What is World Trade Organization?
7. Write any two problems of Nepalese foreign trade.
8. Which one of the 17 goals of sustainable development is not directly relevant to Nepal.
9. Write any two uses of statistics in economics.
10. Why census method of collecting data is more expensive than the sampling method?
11. Find the value of 'x' if the mean of given data is 22.
income (in Rs.): 15,20,x,30,35
Group B
Short answer questions. 8x5=40
12. Explain the production possibility curve with a diagram.
or
What is the socialist economy? Explain its features.
13. Explain the wage Fund Theory of wages.
14. Answer the following questions based on the given table.
| Units of goods sold | Price (Rs.) | TR (Rs.) | MR (Rs.) | AR (Rs.) |
|---|---|---|---|---|
| 1 | 15 | ... | ... | ... |
| 2 | 14 | ... | ... | ... |
| 3 | 13 | ... | ... | ... |
| 4 | 12 | ... | ... | ... |
(i) Complete the given table.
(ii) Draw AR and MR curves from the completed table.
15. Explain how a firm determines its equilibrium level of output by using the MR-MC approach under a perfect competition market.
16. Describe the main functions of the central bank.
17. Evaluate the efforts made by the government for the reduction of poverty in Nepal.
18. How is the plan formulated in Nepal? Explain.
19. Find the standard derivation from the following data and interpret the result.
Or
Find the Laspeyre's Price Index from the given data and interpret the result.
| Type of goods | (BS) 2070 | (BS) 2078 | ||
|---|---|---|---|---|
| Price (Rs.) | Quantity of goods (Kg.) | Price (Rs.) | Quantity of goods (Kg.) | |
|
A B C D |
6 5 3 8 |
12 10 8 5 |
10 8 5 7 |
15 10 12 13 |
Group C
Long answer questions. 3x8=24
20. Answer the following questions based on the given table.
| Output | TFC | TVC | TC | AC | MC |
|---|---|---|---|---|---|
| 0 | 100 | 0 | 100 | - | - |
| 1 | 100 | 10 | ... | ... | ... |
| 2 | 100 | 24 | ... | ... | ... |
| 3 | 100 | 47 | ... | ... | ... |
| 4 | 100 | 72 | ... | ... | ... |
| 5 | 100 | 100 | ... | ... | ... |
| 6 | 100 | 140 | ... | ... | ... |
| 7 | 100 | 215 | ... | ... | ... |
| 8 | 100 | 324 | ... | ... | ... |
(i) Complete the table by computing the total, average and marginal costs.
(ii) Draw the average and marginal cost curves from the completed table.
21. Why capital expenditure plays a vital role in the economic development of the country? Describe.
22. Examine the growth and composition of Nepalese foreign trade.
Or
23. "Foreign employment is not always beneficial for the developing country" Justify.
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